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IIrIDIVID4.iAL
<br />T Dt3E OtV SALE
<br />'~~• AVINGS ~u~DUfZE ADVANCES
<br />r ~,.~/.~- _. FORM tV 6. ')jO-R79
<br />®il.~_Yr^V~idp7C Loan Number__42Z4`1___-__1R9__u~_1___
<br />rYOP Branch
<br />79-d- ®t)~~'73 M ®R i' G A G E
<br />THIS MORTGAGE, made and executed this ...._..-....~-.7...-- ._.-... day of . _-_ ~~~r.t ~..4<?°._..._.._- A.D.,
<br />19...7-., between the Mortgagor, .....J-oseph.l?...hlar.tin.and.-Atxn.A, .~arit~..hu`shand.-and t,tife.,....
<br />_-.....-,3oiatllr..and..each--in-.their-.own..right...-..._......._....---...._._--------------___......_._.-.__. _.._ .._._._.....--
<br />of .._-..-.Grand_Ss-land-_.., County of _-_.- .Hall _.... _.....-.., State of ....Iebraska._.. ,hereinafter refereed
<br />to as the Borrower, and the D4ortgagee, FIRST FEDERAL SAVINGS AND LOAM ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6&50I, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WITNESSETH: That the said Borrower for and in consideration of the sum of ._..TWENTX_.TWf)..TEIf3USAND
<br />...-..AND. NQ1.ltl(1. --.----------.--------------------°.-------Dollars (US $ _22,.QQf)...Qfl....- -..._...)
<br />pond 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 />?art of the Southwest Quarter of the Northeast Quarter (SW~NEtG) and Lot Two (2) on r_he Island,
<br />all in Section 13, Township 11 North, Range 9 West of the 6th P.M., Hall County, Nebraska
<br />more particularly described as follows: Running with parallel sides from South to North
<br />through said Premises, Twenty-six and One-half (26'x) rods wide, bounded as follows, to wit:
<br />on the South side by the half section line running along the South line of the said Southwest
<br />.~,"arteT :,f th°. North@aot. n.,,,,. «.,,. leLit. ic~rx'~ __ >__ _
<br />•- Yus~G=~ €~••-~ »t v,a tuc WeBt Bide by a line iti enty-sBVert (['I)
<br />rods East of and parallel with the West line o£ said Southwest It of the Northeast '~ and Lot
<br />'Ilea (?) on the Dtorth side by the North channel of the Platte River, comrroni.v ca11Pd
<br />SEE ATTACHED LF,GAL EXHIBIT "A"
<br />Tzx:et•x4~x tx:th al) the improvements now ar hereafter erected on the property, and :xli easements,
<br />ttights, appurtenances, rents, royalties, mineral, oil and gas rights and prafitas, water, water rights, and
<br />water stock, and alI fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments and additianB thereto, shall be deemed tzt }x and remain a part of the property covered by this
<br />Mortgage; anzJ all of the foregoing, together x~ith said property (or the leasehold estate in the event this
<br />Morfgage is on a leasehold') are herein referred to as the `"Property".
<br />Bormvcrr revenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and rmtvey the Property, that the Property is unencumbered, and that Borrower wilt
<br />warrant an<i d€tend generally fife tide io ibe Prut,c-, t. agNi-.st s:l clai:::: „::•d Wte.^.:nr=?s, t,~h;zs•t to any
<br />ea~:nerts and ;,=stricti._.ns listed in a 4cheduie of exceptions to coverage in any title insurance p€tliey in-
<br />rx;`ing 1,~=nzer` inter°st in thz= 1'.,txriiv, rr (2) attvrtxz•y's opinion of title from abstraz•i of title rerified
<br />by hrtnded ahstrat°trr.
<br />Paztytti~u At.w,yys, find th€~z• per-:.entw rin- c•xeeuied and delivered upon the follllowinR condition, ag_ rt~-
<br />menis anti oblil;atirtn- tsf the f'itrrctxver, tn-cvi*.:
<br />The llurrux~er .t~~rc€•x to pa ti' to the Ix_ttdNr, ur ardor, the principal sun± of TlsIFiNTX 'll?t? TNQLBx0.ND
<br />_ _ l~oilars (1'S
<br />payable as provuizKl in a not€~ exet:utczt and delivered, concurretttiy herewith, the final payment of principal,
<br />if not wzxi::e•r paid, un the #'irst day of - ~a'p~ent>?e~ lft yq .
<br />E7Vt~ta»T t"oar~>ra~;rs. Br>rr,»vrr and L€=nder r•ov€~nant and agree as folloi€~.:
<br />1. Payment of Principal rmd Interest. Burrower sh=tit promptly-pay wFte~n due the lirinc ipal of attd in-
<br />terest an the indebtednt~; rwidc-aced by the• \utr, prepa4~ment and IatN c~hargc~s as pruviiiz:<i in thF IVut~.
<br />and the principal of and intz-rest on any Future ~`ldvanre~ srcurird h}~ this '.1lortgat;e.
<br />2. Funds for Taxes and Insurance. Suhjcs•t to Lendz>r'. option under paragraphs d anti ~ he•rrot, Bur-
<br />rower shall tray to I,€~nzler art the da~• monthly installments of principal xnd interest are prt}al,ic• under the
<br />Note, until th€~ Note i5 paid in Full, a sum (he~reir_ "~'undB"! ec;uai tz> one-twelfth of !be yz=arty tAxe.~ anI
<br />txaszt;tvment» xe'hlch mob atPtin pri~,rit-y tiy.- tk i~ \f{ireg.ig€•, atxd gra ~ rents .tr: the i> i~rt~. f 'n.' plus
<br />+}ne-twelfth of ,yzarfy prcnttunt iustallnieat~ fur hazard irtsuranrۥ, plus utx~-twelfth of yearly prentiumrn-
<br />stalIments far mortgage insurance, if env, all as reasonably estimated initially and from time to time i_ty
<br />fender on t-he basis of as.4e~aments and hills anri rexsunahle estimatxs thereof, L~+nder shall apply tho Fundg
<br />LII tale' ctltl ~x~'--, a ._ eixtuaatc ,nom.. p:,,, - F.J __ ..} a. i -n€1-- 'li - -_ -~~ fi
<br />1' _ 1' t a . a= : ~,Eounu :; s: .~, zt ,. 'ia.€,c it u,
<br />iialdine and A~n~lVing th F r u,z } ~ iiz ...,....i ~ i L ii- rt
<br />- ; ^.d. .-. .s-.a •:saw as iii :xpac ,K . 3 5i~~inClii-_ Snil i_3iis. a IiC Ll.+t'ni7l`r ailall
<br />give i.o the fiarrawer, without charge, an annual accounting of kihe Funds showing rrezlits and debits to the
<br />Funds and the purpose for which each debit to the Funds was macJ€. The Fonds are pledged as azizJitional
<br />aeeurity far the sums sz~cured by this Martgagc. The Burrower agr'eeB that the Fundy ntay tx~ hr-icl by th€r
<br />Lender end commingled with other funds and the Ltrtde-r's own funds and the l,f nzier nnxay pay sorb items
<br />from its own funds and th© Lender shall nut be liable far interest or dividenzls an such t~'uruJs.
<br />I# the amount of the Funds held by Lzander, together with the future monthly installments of Funds
<br />payalxle prier to the due daces ~£ taxes, assessments, insurance premfums and ground rents, shag exceed
<br />the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such exCf'8fi shall ba, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay .
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lenrier
<br />any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />rezluesting payment thereof, ar Borrower shalt, by an increase in nonthly installments of Funds r€xluired,
<br />repay the deficiency within the Fund accounting period.
<br />Upon payment in full of all sums secured by this 1`,4ortgage, L€:nder shall apply Funrls held as a credit
<br />aguinsi. xii Bums ziur..
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