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21, Future Advances. Upon request of Borrower, Lender, at Lender's option, prior Co release of this
<br />Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall
<br />be secured by this Mortgage when evidenced by promissory notes stating that said notes are secured hereby
<br />except that the interest rate on the entire unpaid balance and the term of the original loan,ta the extent
<br />permitted by :aw, may be adjusted as the parties hereto may agree. At no time shall the principal amount
<br />of the indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to pro-
<br />tect the security of this Mortgage, exceed the original amount of the Note plus US S_.24.,UOQ.00..._-._.
<br />PROVIDED, HOWEVER, that prepayments of principal, as provided for in paragraph 22 that follows are
<br />returned to Borrower or are made absolute non-withdrawable principal prepayments prior to advancing
<br />sums as permitted within this paragraph.
<br />22. &.vinga Fund. Borrower may make prepayments of grin^_ipal on any installment due date or
<br />immediately preceding said date to be affective on the due date following and prepayment shall be applied
<br />to installments last to become due under this mortgage. Upon request of the undersigned or either of
<br />them, provided a default does not exist and they or one of them are the owners of the mortgaged property,
<br />the lender agrees to furnish to the undersigned or either of them One Hundred (100) percent of such prin-
<br />cipal prepayments and shall pay said amount requested by either party to the party making such request
<br />for said principal prepayments, unless advancement is prohibited by the regulations of chartering and super-
<br />, visory authorities then in effect or unless one of the undersigned has requested, in writing, 4hat said funds
<br />not be disbursed, in which case it will require both signatures of the undersigned before a disbursement
<br />can be made or until otherwise advised in writing by the party making the request for nondisbursement
<br />of said funds. All such advancements shall be secured by this mortgage in the same manner and effect as
<br />if no prepayments had been made.
<br />23. Release. Upon payment of all sums secured by this Mortgage, Lender shall discharge this
<br />(V /Mortgage, without charge to Borrower. Borrower shall pay all costs of recordation, if any.
<br />~• C/~•Modification. Upon request of borrower, lender, at lender's option, has conditionally waived the
<br />"requirements as set forth m paragraph #2 "Funds for Tazes and Insurance" of the Uniform Covenants
<br />of said mortgage provided that the borrower complies with his responsibility as sat forth in paragraph #4
<br />and #5 of the Utuform Covenants acknowledging that the lender has conditionally waived his option ender
<br />paragraph #2. A breech of this covenant will then activate paragraph #18 "Acceleration; Remedies."
<br />IN W1rNess Wileaeos, the Borrower has executed this Mortgage.
<br />y E. ausen/` -Borrower
<br />.... _......... _ __.... ......_..... --- ....__......_.-_. ._ C-f....._. .....-
<br />ame a~A. C ausen ~ --Harrower
<br />Property Address.- '245 New York Avenue, Grand Island Nebraska 68801
<br />S•rA•riw or N€a1tA_4xA .-...... - . ~~.-~~ Caunri= ss:
<br />On this ......1~- ..... day of ..-..-c~u--~..... .. 19 7-~.., before me, the undersigned, a Notary
<br />Public in and far said Cacirty, p<rsnnally c`~r..e Rodney E'. Clausen and Pamela A. s`la:men; husband
<br />and wife------°-----------------------°----- --_-__---°_____-----__-_.--_--__--°-
<br />paraonally known to me to be the identical parsons whose name, are affixed to the above and foregoing
<br />instrument. as mortgagors, and each acknowlg2d s~id instr~meryt tv ie his or her voluntary act and deed.
<br />Witnimma my hand and notarial seal at . f~sr-'fix ~-~..,:~ ,rr~~a< "~ --.-- ---- the data last above written.
<br />My Commtesion expires: ~ g g, 8ALE5 .tom 7~':~ .-..k2'.. ~,:c-~< <----,
<br />111 _. _ .. .
<br />hty cwM+, 60. on. tt, teet Notary Public
<br />STATE OF ...._.._._._ ............._.._-.....-..._..l
<br />ass.
<br />County .-_.- _._...........__.
<br />\~ , \ Entered on numerical index and filed for record in the Register of Deeds Office of said County the
<br />`-~ -- ,. --., day of - - - _ .._ ......... .... 18.._...-, at . ._.......__.. o'clock and ._....._.... minutes .........._lvf.,
<br />~.__ and rccordod in Book ......-.._ ............... of Mortgages at page .._......__._-.-_, as Instrument No.._................,_
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<br />a, '~ ~ i~EDERAI 3A~INGS AND LOAN ASSOCIATION OF LINCOLN
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<br />^ 135 Noy~d~ler Bj>tl., Lincoln" ` ; P.O. Box 5204, Lincoln, Ne. 6$505 475-0521
<br /> ^ 2101 So. 42nd 5~, Omaha P.O. Box 6273, Omaha, Ne. 68106 554-5000
<br /> ^ 1811 West 2nd St., Grand Island 1$11 West 2nd St., Grand i-,,land, Ne. 68801 3$4-4433
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