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<br />~ a~:,^~;, nun r~!h1 ~~at_o~
<br />'s. i'"~. ~.._.~-vs C3P7i~E7r'fdAult~. F`iV"k"{J1~1 A!E7W141~1~G1'
<br />~' ~'~ "'~$ ~ 5A4+I'F7iIC;'~ l~'Llhwi"IC'D
<br />' Po+tee l+ae- 729
<br />L9an fvumber__ w`dfi._$Q__~__i$$_~__t__
<br />Trx e.a„rn
<br />~~-" ~~-~9 t~1t ~ R T ^v A ~ ~
<br />TIaIS MORTGAGE, made and executed this ..---......~'__------------- day of ..----.~u~~s.f..-..--.------ A.D.,
<br />19.~~ .., between the Mortgagor..-...1>zaxren. T3.-.Hrzughkirk_and-.Ellen_E,_liaughkirlc,---husband...---...
<br />...az?d..w?.f e>.. j.9znt,1.y..-3nd..each..zn...theix...a~n...right~- ---- ------.__- -- - -- ------- ------------------- ---------..---
<br />of ......~rgud. ~s~az#sl....-.., County of ...----..Hall.._-----..---..--, State of .--Nebraska-_----, hereinafter referred
<br />to a, the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 88501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WzTxessErx: That the said Borrower for and in consideration of the sum of .._.SLXT'%-QI~-..-.--._.-.-..
<br />-- THOUSANH TWO HUNDRED A~I~TJ NO/lOG-------.---_~______.-Dollars (IJS $_fi.h,2QQ..00.__-_..._.-.----}
<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 .-_-...lial]......-... _ ................ State of Nebraska:
<br />Lot Three (3} Levering Subdivision in the city of Grand Island, Hall County, Nebraska
<br />T acsrx€x 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 stock, 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 />2vlortgage; and all of the foregoing, together with said property for the leasehold estate in the event this
<br />Mortgage is on a leasehold} are herein referred to as the "Property".
<br />Borrower eoveriants 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 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 inc_urance policy in-
<br />suring Lender's interest in the Property, or {2) attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />p~~v.oEa A~w3~-s, and th~sQ presents grF eYecated and deadvered open the faliocting oonditiang, agr?~-
<br />~nts ar,d obtirat=•3ns ~=f the Borra;ar, to-~~it:
<br />,~~
<br />° By ~~~+°a= as ~~= ti, ;~v ic: Yne under, or order, the principal sum of . Szaiz-%:b:...ituaGa.
<br />as~~n~~ ~ e~ :::,
<br />- ~ - ~.»1?oIlars (L.'S S...fi.l.z~l..flf~ .... ......... }
<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 ....S.eptember.._...._..-...._., Imo. 20.04
<br />1JNiFHR:H Covsxn~rs. Borrower and Lender covenant and agree as follows:
<br />1. Paymsnf of Prindpal and Interest. Borrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, preps}merit and late charges as pro;zded in the Note,
<br />and the principal of and interest on any Future Advances secured by this Mortgage.
<br />2. Funds for Taxes and Iasurancn. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rower shall pay to Lender on Lhe day monthly installments of principal and interest are payable under the
<br />Nate, until the Note is paid in full, a sum {herein "Funds"} equal to one-twelfth of the ,yearly taxes and
<br />.assessments which may attain priority aver this Aiartgage, and ground rents on the Property, i# any plus
<br />one-t.velfth of yearly premium installments, far hazard insurance, plus one-twelfth of yearly premium in-
<br />stallments fo,- mortgage insurance, if any, all as reasonably estimated initially and from time to tSme by
<br />Lender on the basis 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 />hcldng a d applyi;,g the F-ursds ar ver'1fy`ing and compiling said assessments and 'Hills. The Lender shalt
<br />kive to the Harrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />-Funds and thQ purpHSe for which each debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums secured by this 141ortgage. The Burrower agrees that the Funds-may be held by the
<br />Lender-and commingled with other funds and the Tender's own funds and the Lender may pay such items
<br />from its own funds and the Lender shall not be liable for interest or dividends on such Funds.
<br />If the amount of tla~ Funds_held by ruder, tagether~wfth the future monthly installments of Funds
<br />payable prior to the due -dates of tiaxes, assessments, insurance premiums and ground rents, shall exceed
<br />the amount-required to pay-said taxes, assessments, fnstirance premiums and ground rents as they fall dve,
<br />such excess shall be, at $ai~ruwer's option;- either promptly repaid to Borrower or credited to Borrower on
<br />~uontlsfy installments of Funds. If the amount of .the 7`~nds held by Lender shall not be sufficient tr! pay
<br />taxes, assessments, insurance premiums- and- ground rents as they fall due, Borrower shall pay to Lender
<br />any amount necessary to-make up-the deficietuw within thi*ty days af#er native from Lender to Harrower
<br />requesting payment thereof, or Borrower shall, 1sy an increase in maathly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />TJpon payment ir. full of all sums secured by this A~lertgage, Lender shall apply Funds held as a credit
<br />against all sums due.
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