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rf~i~rlvl~u~l< .[~,~ ~r~ t~ra sale ~; ~__..- i w~t~~rltr»ra;;~. ~~o'-t'~a~;= t+<~v~ra~c J SJ'ttJlf~GS i~tll•'1D Fe~aM Fla. 72a-479 Loan 1Vumber___42330__-__1$8_x__1_-- r,y e.aocrr 79- 0~,•~'s'7 M O R T' G 1~ G E THIS 4'fOr'2TGAGE, made and executed this ........~..---.--._.._....- dsy of .--~~jtS.:~._..--..-.. A.D., 19--://..'~.., bet~:een the ?Mortgagor, .---Ronald--~... F,mken.,aq~..Nancy-J..-_F,~ken,__hu_,-.and_ and-wife,,-_,- ,~,e;do ]',_B° .. n,...~r.,,an .Virginia A._.Bowman, husband and wife,_jointiy and.,severally ou y of .- -. Hall_.. - o~n~ranahls~and.--r o~GFl~it' > St; to of ..N~.hraska_-.. ,hereinafter referred to as the Borrower, and the Mortgagee, FIRST FEDEIIAL SACINGS AND LOAN ASSOCIATION OF LINCOLN, 1235 "R"' Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter refereed to as Lender. WiTxess~•rx: That the said Borrower for and in consideration of the sum of ..-LEVEN.-THOUSAND--..- -Th?4..HUNDRRA_ANO--NO(100----------.----.----------------°9Qollars {US 8.._11,200.-00------------.--.--) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the following described property located in the County of ..-....Hall,-_--..,._._,_......,--.-, State of Nebraska: The Northerly Fifty-two feet (N52') of Lot Five (5), in Block Six (6}, in Windolph's Addition to the city of Grand Island, Hall County, Nebraska Toce•rxex cs2th all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and al} fixtures now or hereafter attached to the property, all of which, including replace- ments and addirions thereto, shall be deemed to be and remain a part. of the property covered by this ~iongage; and ail of the foregoing, together with said property {or the leasehold estate iii the e~•ert this Mortgage is on a leasehold) are herein referred to as the "Property". BOrrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property, that the Property is unencumbered, and drat Borrower will warrant and defend generally the title to the Property against all claims and demands, subject to any ~rsements and restrictions lister.! in a schedule of exceptions to coverage in any title i-rsurartce policy in- suring Lender's interest in the Propert;~, or F?) attcrnev's opinion of title from abstract. of title certified by bonded abstracter. P;;:rvtorli Ae;wRxs, and these prs.~seFits are executed aadu'elivered upon tFie f4liowing conditions, agree- ments and obligations of the as~rrower, tn.tvit; 'l he Borrower agrees to pay [o tree Lender, or order, the principal svm of . ~I.~v~iil-TtiOt~`~,'i3-.'lam? - . At}til~?~1~. -tL~..?iS7.L lOt`!------------------------------'--- ~ -- -- __-- - ..--..Dollars (US ~" -l.l..~t~.3t?. _ _ . } payable as provided im a note executed and delivered, concurrently herewith, the final payment of principal, if not sooner paid, on the .- _. _ 2st ,- _- _ da}• of ...-...-.AugusK......-..__ _ ..., 1`)c. 20.b4 LlxtFOttnt COVENANTS. Borrower and Lender covenant and agree as follows I. Payment of Principal and Interest. Borrower shall promptly pay when due the princinal of and in- terest. on the indebtedness evidenced by the Nate, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by this Mortgage. 2 Funds far TaRss acrd Inaurarice. Su'uject to Lender's option under paragraphs d and S hereof. Bor- rower shall pay t.o Lender on the day monthly itrstalhnents of principal and interest are payable under the Note, until the Note is paid in full, a sum {herein "Funds") equal to one-twelfth of the yeary taxes and assessments which may attain priority over this 1lfortga~;e, and ground rents on the Property, if any plus one-traelfth of yearly premium instalments for hazard insurance, plus one-twelfth of yearly premium in- stallments for mortgage insurance, if an}~, all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents, Lender shall make no charge for sn holding and applying the Funds or verifying and compiling said assessments and hills. The Lender shall give tcs the Barower, without charge, an annual accounting of the Funds showing credits and debits fo the Funds and ~he purpose for which each debit to the Funds was made. The Funds are pledged as additional security far the sums secured by this- Iviortgage. The Borrower agrees that the Funds may be held by the Lender and eornmingled with other funds and the Lender`s own funds and the bender may pay such items from its own funds and the Lender shall not be liable for interest or dividends on such Funds. If the amount of the Funds held by bender, together with the future monthly installments of Funds payable grior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed 'the amount required- to pay said taa~, assessments, insurance gremiums and ground rents as they fall due, such excess ahall be; at $orrower's option, either promptly repaid to Borrower or credited to Borrower on monthly installments of .Funds. If the amount of the Funds held by bender shall not be suf5cient to pay taxes, assessments, insurance premiums- and ground rents as they fall due, Borrower shaIl pay to bender any amount i<ec-essary to rtiake up the dericiency within ihisty days after notice from Lender io Borrower pecluestL-rg payment thereof, or Borrower- shall,- isy an increase in monthly installments of Funds required, ropey the de5ciancy within tfle Fund aceour.ting period. Upon payment in full of all sums secured by this Mortgage, Lender shall apply Funds held as a credit. against afl sums due.