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<br />""-"'•`•• FORM ND. ~2U
<br />Loan. lv~=m~r___40Zd0__~_1138__-_1___
<br />79°a° ~~~~~ X11 QRTGAGE
<br />TI~1S 1~iORTGAGE, made and executed this .....-----,~Q ............... day of -.--.---._ ..._ A.D.,
<br />is..Z~ between the Mortgagor, -._ Thomas A. Nolan and Sharon L. Nolan, us and and wife: .
<br />... ,
<br />,jointly and each in their awn right
<br />of ...-Grard_Island.........., County of .--_Hall------------------_--_-- State of -.-Nebraska-..-, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEe~ERAL SAVINGS AND IRAN ASSOCIATION OF
<br />LINCOLN, i235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as bender.
<br />WaT ssssxx: That the. said Harrower far and in consideration of the sum of -..FORTY FOUR THOUSAND
<br />----------
<br />AND NO 100-°----------------------------------°-----~oP.ars(US ~- 44?000.00_.
<br />__ )
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of ..Hall------ ----------_-...-.--- ._.a State of Nebraska:
<br />Lot Seven (7), R. S B. Subdivision, Aall County, Nebraska
<br />TocsTxea with all the improvements now or hereafter erected on the property, and all easements,
<br />eights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stock, and a}I fixtures now or hereafter attached to the property, all of which, including repla~e-
<br />ments and additions tharetn hall be deemed to be and remain a pars, of the properly covered by ttsis
<br />ortgage, 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 covenants that Borrower is Lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Property is asnencumbered, and that Borrower will
<br />warrant and defend generally the title tc the Property against all claims and demands, subject to any
<br />~sement<s and restrictions listed in a schedule of exceptions to coverage in any title insurance policy irs-
<br />suri~a l~nrler's ;nterPSt rn the Aroperty, ar (~) attorn'ey's opinion of title from abstract of title certified
<br />by banded abstracter.
<br />Pt;.,,.v~,; A:.,.,,. - nd thou pr«nts are exe` ,sled and de}ivere d upon the folio :•ing conditic n3, agre<-
<br />rrsents and obiirations of lice Borrower. fo-aai:
<br />'i'he Fsor-ic~cvzr agrees to pay to the Lender, or order, the principal sum of .. i'ORi`i FvJic..iri0i%atviri+
<br />... - -
<br />_4.~..1~OL~.Qt?-.--------------.--------------------.-.--...-'Dollars (US $. 44,t1Ot~.t~0.-.-.... - ....}
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />i€ not sooner said, on the -..gir,gt_.._...,.-. day of ...._.-.August-.--- .................. hrK-.2Q09
<br />Uxit'oxtYt Covaxax'rs. Harrower and lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. $orrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment. and late charges as provided in the Note,
<br />and the prirseipal of and interest. on any Future Advances secured by this Mortgage.
<br />n 1"und4 for Taxes and Irsurancs. Subject to L2rder's option under paragraphs 4 and 5 herzof, Bor-
<br />rower shalt pay +.o Lender on the day monthly installments of principal and interest are payable under the
<br />Note, until the Note is paid in full, a sum fhorein "Funds") equal t.o one-twelfth of the yearly taxes and
<br />assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium installments #or hazard insurance, plus ene-twelfth of yearly premium in-
<br />stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said-#axes, assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br />molding and applying the Funds or verifying and compiling said assessments and bills. The Lender shalt
<br />give 4w *.he Bcrraever, without uhargo, ors annual aceauriting cf the Fur,dr showing credits and debits to tlae
<br />Funds and the purpose for which each debit to the wands was made. The Funds are pledged as additional
<br />security-for the sums-secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br />$.ender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br />from fts own funds and the Lender shall not be liable for interest or dividends on such Funds.
<br />if-the amount of the Funds held by under, together with the future monthly installments of Funds
<br />..payable prior to tho due dates of tafea; assessments, insurance premiums and ground rents, shall exceed
<br />tbe'amoaint required t.o-pay said taxes; assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall be, at Borrower's option, dither promptly repaid to Harrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes, assessments, insurance premiums and ground rents as thev fal! due, Borrower shall gay to Lender
<br />-any aaaaount n~eusary tca mak2 up Ilse deficie;scy within thirty days after notice from Lender to Borrower
<br />,. ..:..., tc_~__: ~_..____
<br />=~Ku2s~,==$ paym===,, ucxv,, yr nvrruw~r sisaii, ley an increase in monthlysnstalimenis of Funds required,
<br />repay the defic;r-oy wi+.hvia the Fund scca~.tir;g pcri ~.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall appl<• Funds held as a credit
<br />against all sums due.
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