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INDavIDUA~
<br />DUE ON SALE
<br />~~~ OPTIONAL FUTURE ADVANCES
<br />SAV[NGS FUND
<br />FORM Na. 720-479
<br />Loan fvamber_42485____-_188__-__1__
<br />Troe e.ancn
<br />79-~,~~ MOFZTGAG~
<br />THIS ll'iORTGAGE, made and executed this ......._f+<j .............. day of ......~k-->~................ A.D.,
<br />I9...r`~ _. , tween the Mortgagor, ..Gregory David Emery, a single person, d Oharlene Ann
<br />~,e .. ...._..- ... . .
<br />Fr rick a sin le -------_.._ ...............
<br />g person, jointly and severally and each in their own right,
<br />of _ lsr-and--Island----- ..> County of .....Hal-1- -- - - -_ - ., State of .-.Nebraska- -- ., hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS A_ND LOAN ASSOCIATION OF
<br />' LII~'COLN, 1235 "N•' Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WtTxessE`rx: That the said Borower for and in consideration of the sum of .THIRTY-EIGHT_'TEiOUSAND
<br />EIGHT HUNDRED AND N0; 100---------------------------.-.Dollars (US 8.38_,$00,_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 .....Hall _ .,_.__,..___ ,State of Nebraska:
<br />Lot Thirty {30) of First Addition to Halcomb's Highway Homes being a subdivision
<br />of part of the Northeast Quarter Northeast Quarter (NF}tNF}Z) and a part of lot
<br />Four {4) Ma3.nland all in Section 28, Township II North, Range 9 West of the
<br />6th P.M., Hall County, Nebraska
<br />TocFTHrie with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil anti gas rights and pmfiLv, water, water rights, and
<br />water stock, and all fixtures now or hereafter attached to the property, all of which, including repiaee-
<br />ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />Mortgage, anti all of the foregoing, together. with said property (or the leasehold estate in the event this
<br />Mortgage is on a leasehold) 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 is unencumbered, and that Borrower will
<br />warrant and defend generally the title to the Propert.,y against all claims and demands, subject to any
<br />#~ear~ents ant! r4izictio:ts listed ir. a sehedu.e of exeepcivns to cover°aita in rtt> i:tt- ;-,r,a,~rc-~- Y:,lz:°
<br />Boring I.4tndvr=~. int€=ii-rst in tht r'rtperty, ar ?`r1 attcrnc-y's opinion at tide fr•€~mm czhstrRet of title c~ertlftt=d
<br />kiy banded abstrar.°ter.
<br />i'li+~vio~x ~st.~'~vs, anti tht~st~ prevents .ire executed and deliver€ul upon site fvi?owing conditions, agr€a-
<br />ritent_c and vlihnat-tt~n4 of thc• 13ckrrowt=r, to-wtt:
<br />The Borrower agrees to pa}` to the Lender, ar Dreier, the principal sum of . THL$3'Y...EI~[T..-T1101;?5:1.~ID
<br />EIF=FIT--I1b~NEI~ AIaI)-NO,-I00~.~~.~~..~._,_..»»...__,.-_t,...F.,~....,.- Lki[lars (t?~: ~;. 38,8€30.00.... )
<br />payable as provided in a nvte executttl and dt•livereci, concurrently herewith, the fine{ payment of principal,
<br />if not sooner paid, an the . First dac of September X2009
<br />Ui`rtsviant C'uvt;xax`rs. Bvrrower• and Lender covenank anti agree as follows:
<br />h Prsyment of Principal and Interest, $ormwer sh.d! promptly pay when due> the Iarituit,al ot` and in-
<br />terest on the indebtednt~; evidenrt-d by the *yotۥ, larek=.t~nierit atntf late- charges as prtiyideti in tlic2 Nate,
<br />and the print°iI>tl of and interest on any Fitiurc• rldvan<<~~ see~ured by this ;Mortgage.
<br />2. Funds for Taxos and Insurance. tiubject to Lender's option under paragraphs d anti ,-, hereot, Bvr-
<br />roevex shall pay to hander un the day monthly iiistailntenks of principa anti interest are payable under the
<br />Notc*, until the Nute> in paid in foil, a sum therein "Fund:'"1 equal to one-~twelftli of the y`earl~r 4x~ees and
<br />ussessmeiits whu•h tray attain priority over this \iort~azc, and ground rents on fhe Property, if env plus
<br />unv-t.weifth of yearly presitilum instatlnrenis for hazard in.turnnce, p.us one-twelfth of year[y premium in-
<br />attilhnents for mvrt.gage insurance, if any, all as reasanahh- estimated initialh' and from tii~ic tv time by
<br />bender cn the basis of asse~vments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay ,;aid tuYe;, as.~ssmant: insurance ~rremitims and around rent Lender sltsll inal€a nv c)iAr°e for s<
<br />halchng and applying the Funds ar verifyine anti ctrmnihn~ ±aid nv c}nie>nt. tim=id hitt Th i eisster =1an11
<br />give to the Born:ver, without charge, an annual accounting of the Funtis showing erer3its and debits to the
<br />Funds and the parpase for which each debit to the Ftincis was made. The Funds are pledged as addiNanal
<br />security fcrr the sums secured by this Mortgage. The 13ortower agrt>es that the Fuiicls loos ire held by the
<br />Lender and conrmintalti with other funds and the Lender's awn funds and the Lender may pay such items
<br />from its own funds and the Lender shall not lie liable far interest ar tlividencls on such Funtis.
<br />If the amount of the FundF held by Lender, together with the future monthly installments of Funtis
<br />payabls prior to the due tfates of taxes, assesstriernts, insurance premiums and ground rents, shall exceed
<br />site amrwnt required to pay said taxes, assessments, insurance premiums and ground rents as they fats due,
<br />such excess shall be, at Borrower's optson, either pmrnptiy repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds head by Lender shall nvt be sufficient. to 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 deficiency within thirty diiys after nosier from Lender to Borrower
<br />requesting payment thereof, ar Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting perivtl.
<br />upon paymt:nt in foil of all sums secured by this Mortgage, Lender shat' apply Funds held a~ a .~redit
<br />against alt Burns duty.
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