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fNDIW1~IUAL DUE t7N SALE ~~ _ pPTlOt~fAL FUTURE ADWANCES SAWINU^S FUMD L~ FaRH Nv. 720-479 Loan Number_42~02____ __1$$_ __1__ - Troe A.a~cn ~~°'~~~ MORTGAGE THIS ;diORTGAGE, made and executed this .._-_....l..~....._._..... day of ...._.~-°~""~......_..._-- A.D., 19. ~~1...., between the Mortgagor, .Eunice..E.._Hall,..a.s3ngl.e_person,-- ----- -- -----------_.._.------...--- of ....G.rand..Island.....-_ ,County of ._...Hall ..............._._„ State of ..Nebxas.ka-...._., hereinafter refereed to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6&581, its successors and assigns, !terzinafter refereed to as Lender. Wt•rtvesst:TH: That the sal Borrower for and in consideration of the sum of FIFTY TWO THOUSAND ..SIX HUNDRED FIFTY AND ii0 100--^---------------------rjollars (LTSS_52,650.00..-.----. .....-.) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns: the following described property IocatEd in the County of -_._-Ha ~ _ _ _ _ __._...-_..., State of Nebraska: Lot Twenty-Five (25), Block Three (3), Olde Mill Subdivision, City of Grand Island, Hall County, Nebraska ToceTtt>:;a with 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 all fixtures now ar hereafter attached to the property, all of which, including replace- ments and additions thereto, shall be deemed to he and remain a part of the property covered by this Mortgage; and all of the #oregoing, together with said property (or the leasehold estate in the event this Mortgage is on a leasehold) are herein refermd 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 that Borrower will warrant and defond generally the title to the Property against all claims and demands, subject to any semen+~ and restrctions listed in a sr_hedule of exceptions to coverage in any title insurance policy in- suri~ng Lender's interest in tl!e Property, or (2} attorney's opiraon of title from abstract of title certified uv bonded abstracter. ..°~i:'r'v`iiity Ai-ii_A~~, ;i - :.hr~%• pr-crepe- are ezec:ct#e ~ ~ '•'-' d afiir dehyered upon the fCalio tying f nc~ii3crn , ~~€~- tnents and obiigafions of~tite iiorn~wer, to-wit: i he I3or ;aver at;rE~,s to pa}' to the Lender, or order. the principal sum of .FIFTY.. TutO T'HOIiSAND-.. -.. SLX..Di•€ED-.FI,`.'TY..;ti~ Sd01.1.00-.v----d~_---.~-,-~-----ss-.--~.-Dollars tt'S ~. 52.,.ti50_Dtl. _.. --.-..-... ) ha_vable as provided in a note executed and cieliven~cl, concurrently herewith, the final payment of principal, if not sooner Maid, on the . ..l!'~" t - -..day of Septgtgbe>? ~'~, LitvtF'nitnt (~(1\'L'NANT4. Borrower and Lender covenant anti agree as follows 1. Payment o4 Principal and Interest. Barrawer shall promptly pay when due the prim•il~al of and in- terest on the indebtedness eti~dence 1 by then ?.oie. I+rel-svr*;a.nt pond let=.~ eharrt*s as pr4tvicl.•,1 in !l:d Note, and the principal of and interest on any Future Advanca.4 ~~curt+i, by this ?tlartgage. 2. Funds for Taxes and lnsurartce. Suhiect to Lender's option under paragraphs !and :, l:ers~ot. Bor- rctver shall pay to bender on the day monthly ntstallments of principal and interest. are payxi>lr under the Note, anti! the Nate is paid in full, a sum (herein "Funds") equal to one-ittelfth of the yearh• cnxe~ and assessments which may attain priority over thi., >mortgage, and ground rents on the Property, if any plus one-iwetfth of yearly premium installments for ha~xrd insurance, plus one-twelfth of yearly premium in- stallttients for mortgage insurance; if any, all a.9 reasranaktly .stitnated initially and from time to time by Lender on the basis of asaossments and bills and reasonable estimator thereof, Lender shalt apply the Funds to pay said taxes, assesatatents, insurance premiums and ground :t nts. I~nder shat! make no charge for so holding €tnd applying the i ands az verifying and compiling said assecKments and bills. The Lender vitait give try the Borrower. without charge, ar. annual accounting of the Funds shoving credits anal debits to the Funds and the purpose #or which each debit to the Funcis was made. The Fundy are pledged as additional s~urity for the sums secured by this Mortgage. The Borrower agrees that the Funds may lte held by the I~>ctder and commingled with other funds and the Lender's own funds and the Lender may pay such ite;ma from itr own funds atxl the Louder shall not be liable for interest or dividends on such Funds. If the amount of the Funds held by Under, together with the future monthly installments of Funds payable prior to the duo dates of :axxe~s, a~•o~rnents, insurance premiums ar_d ground rents, shall exceed 'the amount required to pay said taxes, asses4menis, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insuranoe premiums and a 'oared rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower requesting payment thereof, or Borrower. shall, by an increase in mo~tthly installments of Funds required, repay the deficiency within the Fund accounting period. lJ~ttn paYt^"„t in full of alt gums s£%iirc'tf by t[II$ viartgage, Lender shall apply Funds Reid as a credit against all sums due.