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<br />Loan Number-------------T-----------
<br />9pG BfYnSh
<br />M O R T G A G E
<br />THIS '~fORTC.AGF., made and executed this ...-_.._.-L-._......_..... day of __--... R. .-.....-. A.D.,
<br />19..7~j..., be+°peen the Mortgagor, .__Erancis_L....M,eCoy-.and.--V-esrt2. d_.-McCoy.,--husband....................
<br />._.._.and_wi£e,_~.aintly.-and --earn-.in.-.their.-.nwn..-rigfit>-.-.-----.--~~--------_-------.--.---------------
<br />of ._Crand_Zs.land....._...., County of .........---...Hall-------------- State of _.2lebraska.._.., hereinafter referred
<br />to as the Bo~"ower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 58501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WfTN z That the said Borrower for and in consideration of the sum of - FIFTEEN THOUSAND
<br />-------AND Ii0 ----------------------------°---------- 15 000.00
<br />___- -- - .._..-... - - - ---- - - - - - - -- - - .Dollars (US ~-...-.r.. - - - - -- - }
<br />paid by said Lender, does hereby mortgage, grant and coHaIl ~ Lender, its successors and assigns; the
<br />following described property located in the County of ....-...._._......-_._....._.-..._.-.,, State of Nebraska:
<br />~t One situated on the east side of the east portion of Ruester's Lake on a part
<br />of the East L of the Southwest of Section 13, Township li North, Range 9, West of
<br />the 6th P.M., in Hall County, Nebraska
<br />Tocerxett c*ith aII the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas tights and profits, water, water rights, and
<br />water stack, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />iviUC~gage; and all of the foregc.'ng, together :sth said proper+_v roe the leacehoid estate in the event this
<br />Mortgage is on a Ieasehold) 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 fls 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 fisted in a schedule of exceptions to coverage in a_*ty title insurance policy in-
<br />suring Lender's interest in the Property, or (2} attorney's opinion of title from abstract of title certified
<br />lsy bonded abstracter.
<br />PROyI~ED At.wAYS, and these presents are executed and delivered upon the following conditions, agree-
<br />tnents and obligations of fife Borrower, to-wit:
<br />~~ Borrower agrees to pay t^.. tee Lvnnvr, or arcer, the pnnctpai sum of .-~-~.:.~,_-;:~tU„a~ :---------
<br />- ---
<br />- -.~.'I~.P~'i;.'~u.~~..-~~~----~-..---,..________________~_-,__.i~ollars c`':'S S.iS-,DOEI_DG...-- ...._---- }
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not. sooner paid, on the _.-.First-___.-_. day of _.-.. August.--.._.--.--- ._......., 19.8....
<br />UxtFaaM COL'ENANTS, Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptl~,= pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment and late charges as provided ~n the Note,
<br />and the principal of and interest on any Future Advances secured by this Alortgage.
<br />2. Funds for Taxes and Trxsuranca. Subject to Lender's option under paragraphs ~ and 5 hereof, Bor-
<br />rower shalt pay to Leader on the dap monthly installments of principal and interest are nayabie under the
<br />VOCE, until the Note is paid in full, a sum {herein "Funds") equal to one-hvelfth of the yearly taxis and
<br />as.,.~sment<s which may attain priority over this Mori gage, and ground rents on the Property, if any plus
<br />cane-twelfth ..^,f yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br />stallrrtents for mortgage insurance, if env, all as reasonably estimated initially and from time to time by
<br />Lender on the L,asis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br />t'o'-='==t=,g ="'='- ap,ply'" ~t t'== d~ „ -- •s.°`- ~ t s '-~lls. The bender shall
<br />::-- t..o t- e a ,~ n ~ ..r .•e a~.n~ and ~ tn,tttn-' satd as.meats and ~; "
<br />~~ive to the Borrower, ~•ithout charge, an annual ac-counting of the Funds showing credits and debits to the
<br />Funds and the purpose for which each debit to the Funds wav 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 commingled with other funds and the Lender's own funds and the Lender may pay such items
<br />from its own funds and the bender shall not be liable far interest or dividends on such Funds.
<br />If the amount of the Fends held by Lender, together ~~ith the future montht_y installments of Funds
<br />payable prior to the due dates of fazes, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall be, at Borrower's option, either promptly repaud to Borrower or credited to Borrower on
<br />monthly installments of Funds, If whe amount of the Funds held by Lender shall not be suf&cient to pay
<br />fazes, assessments, insurance premiums and ground rants 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 />requestiGg payment thereof, or Borrower shall by an increase in monthly installments of Funds required,
<br />repay the deftciettcy within the Fund accounting period.
<br />LTpo' payu,ent in foil of all sutns secured by this ivtorigage, i.ender shall apply Funds held as a credit
<br />against all sums due.
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