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<br />THIS B~SORTGAGE, made and executed this -...--.-~~---....._--.--. _ day of _.----Jay ....................... A.D.,
<br />18....:{.~., between the niartgagor, ...~?.t?e-.G.<--.B~zg..and..T.,au~a..:.._.Bezg,..husb~n~.--and-~i.~e,...jsr~tly
<br />and..~:ach.-in_,ther_glvn-right,.-...-----
<br />of . Gear. u.. Islam------------- County of ......~i?..___.__.-.-........, State of ..Neb~.asls?_-_...., hereinafter referred
<br />to as the Burrower, and the hlortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska E8501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />ET~r~-ivassETx: That the said Borrower for and in consideration of the stun of .. T1iIF.NTY..THOiSSAND----
<br />NI~1E. xtttsr;RRn.,ANll-.r`ln J.lOf)----------------_-----------Dollars (US 5--1D ,-9GO. QO-------------------}
<br />paid by said Lender, does hereby mortgage, grant and convey to bender, its successors and assigns; the
<br />following described property located in the County of ..__.._.._kfall_.__..___-__,.., State of Nebraska:
<br />The Easterly 60.6 £eet of Lot Seven (7), in Block Three (3), in Westerhoff's First
<br />Subdivision to the city of Grand Is1a*sd Hall County, Nebraska
<br />TIX:$THk:It with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stuck, and ail factures now or hereafter attached to the property, all of which, including repla~e-
<br />ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br />Mortgage is on a leasehold} are herein referred to as the "Property".
<br />Borrower cavenants that Borrower is lawfirily seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />s*ar%rg I<Bnder's interes± in the Property, or {2} attorney's opirtsan of tiL1_e from abstract of title certified
<br />by bonded abstracter.
<br />P ; A - ~h = d ^d d h ale h *. ~_
<br />ov° so r.wrovs, ~ ~ axe _ ~xnts ar-a execute a., slivered upon t e fo wing con..i_ions, agr_
<br />n-ients and abzreatrons of the Harrower, w-wst:
<br />~~'n~"t Farrawer agrees is ~av tL ins Lehrer, fir OFder, the prrncipal Snm 0I ._ _'~tF1` ~r •'n~-...- ...............
<br />ix_atz+ iiVf 111. ems _ ,4 ~fl FF11f1--~1n
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<br />_........_ ......... ........._-..._._ avv.....-.._......-
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the .- -.-1st..-._ .-... day of -----...-~?~?~'~.--.-._..__.._ ..., 1~2~9
<br />UNIFDEDi COVENANTS. Borrower and Lender covenant and agree as £olfows:
<br />1. Payment of Principal and interest Borrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepar~nent and late charges as pmr-ided m the Note,
<br />and the principal of and interest on any Ftriure Advances secured by this 1Vfortgage.
<br />2. Funds tar Traces cmd irrsurmrce. Subiect to Lender's option under paragraphs 4 and ~ hereof. Bar-
<br />rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br />Note, until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br />assesstents which may attain priority over this Mort age, and graund rents on the Propert if any plus
<br />one-twelfth of yearly premium installments far hazard insurance, Pius one-twelfth of yearly prezrium in-
<br />stalYments far mortgage insurance, if any, alt as reasonably estimated initially and from time to tine by
<br />Lender on the basis of assessments and biIls and reasonable estimates thereof, Lender shalt apply the Funds
<br />to pay said taxes, assessments, insurance premiums and ground rents- Lender shall make no c~rarge for so
<br />-~,; ar and a 1-y.n--the Frrr,ds ar vcicf-nnr and ~u~f, ,'rn surd assessments and b`1f5. The Lander shall
<br />.~ a ~Y s y a P• g
<br />r,*cve to tabs Borrower, ~sithout charge, an a_nrrual aecaunting o: the Fun'as drawing credits and debits to the
<br />Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums-secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br />Lender and comrninglecl with other funds and the Lender's own funds and the Lender may pay such itoms
<br />from its own funds and the. Lender shall not be liable for interest or dividends on such Funds.
<br />If the amount of the Funds field by Lender, together with the future monthly installments of Funds
<br />payable prior to the due..dates of taxes, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required-to_pay said taxes, assessments, insurance ptemimna and ground rents as they fall due,
<br />such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />rxronthly installments of FSrnds: If the amount of the Funds head by Lender shall not be sufficient to pay
<br />taxes, assessments, ins;rranr~ premiums and ground rents as they fall due; Borrower shall pay to Lender
<br />any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />requesting payment thereofy or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency within the-Fund acccjuntiixg period.
<br />L~:=--,_^. pa;>=..>nt in full of all s...us sev,rred by this 1;~Scrtgage, lender shall apply Furds held as a credit
<br />against ail sums due.
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