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<br />u-~ow
<br />79--a ~,i0.~~
<br />iNDiViDUAL
<br />'DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUN[3
<br />FORM No. 720-479
<br />loan Number___42920__-__149_-__1__
<br />Tyoe tt>a~ch
<br />M06'~TGAGE
<br />THIts MORTGAGE, made and executed this ..._.....~v..._.......... day of .......~H------.._._ A.B.,
<br />19-7y...., between the Mortgagor, ..Dennis _E,-,.ltonne_.and.-Carolyn..L,.-Ronne usband--and..wife,._
<br />jointly and each in their own right,
<br />of ..Grand Island _ _. County of .__Aa11 ._ ........... . .... State of .-Ne3raska _._...~ hereinafter referred
<br />to as the Barrower, and the Mortgagee. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6801, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WrTrressEaH: That the said Borrower for and in consideration of the sum of ...F!]AT"-TkIQ ...............~
<br />.....TEIQI7S~ND.-FIYh..k.NNPR~?_ANA._iVQ1-1.QQrr.-.--cr..-r_---r..r-r.-.:Dollars (US $-_42,SQQ..Ofl ....................)
<br />paid by said Lender, does hereby mortgage, grant and convey t.o Lender, its successors and assigns; the
<br />following described property located in the County of -._-..Iiall_.___-__..--.-._..--.._-., State of Nebraska:
<br />Lot Twelve (12), Capital Heights Sixth subdivision, iiaii Coil.-.t}y, .:ctsrysl:a
<br />T€~cFTttex with all the improvemen±s new or hereafter erected an the property, and all easements,
<br />rights, appurtenances, rents, royalties, mirterai, ail and gas rights and profits, water, water rights, and
<br />water stock, and all fixtures now or herea€ter 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 />Mortgage; and 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 l'raperty, that the Property is unencumbered, and that Borrower will
<br />warrant and defend generally the title to the Property against alt claims snit dernands, subject to any
<br />Ea.~t'.t:feni anti rent ri('4lelnb lxeicii .ii u ei lieu ui~ :~€ ~a ~- `:'°.` ;. ...-... - -° - - "^cz teilp irlflrl FafiC@ €~oltcv lrt-
<br />~ur~ng I.oncl~r':; intermit iv the Propi~rty, ar i2} attorney's opinion`o€„title°€rom abstract o€ title certiFted
<br />by bondc~cl abstracter.
<br />Pattvtarn Ac.w~vs, anct the=se presennts are executed earl dt=tivt•reil upon the fi.Rowing eanditiorts, a~e-
<br />ments and t>bligattirns of the Bortvti'cr, tii±-4v:t:
<br />"I he F3nrruti•er a~ r~rs to t~av to tht~ LEndt?r, ar ardes, thr gri_ncipnl sum of --- FORTY-'I1a~Q_ THQUSt~1D___
<br />Fite rittii~P~~?.Ai~l~ N~i,li)fi _____~ _____ ________..__~.~I3ollars tU5 ~ _62,5~3L),t~. .. _ .. }
<br />payatzt€~ as prcn•ic}ell in a Hate ex~rut-ed anr! di•livir€tl, rc3ncurrently herewith, thc~ final payment of principal,
<br />if not scxiner paid, on the . _ _ l:lrat daY of SeR>~~xAbgk'. '.>QQ9
<br />C_'tvizvsa:tt Crit•t:`nN•t•s. Borrower and Lender covenant soil agree as follow,:
<br />1. payment vi Principal and Interest. F3ormwer shttll promptly pay when due the prin.:ilaal of and in-
<br />terest an the tnaebtedness evidenced by the Nute, pretvxymetat and {ate ohargi*s as prtnided in the Note,
<br />and ttv+ t~r•incitsai of and interest on any Future Advance, siY~ureci b}• this ifortgage.
<br />2. Funds for Taxes and Insurance. Subject to Lernier's option under paragraphs 4 and ,~ heroof, Tior-
<br />rvrrer shall pay tt> hendtu• an the day monthly installments of princilxtl and inf€rest are payable under the
<br />~'~ote, unfit fhe Note is paid in full, a sum therein "Funds"} equal to one-twelfth of the yexrt.~ tsxcs anel
<br />assessments ti~hict: may attain priority over this h9crtgage, an:l ground rents tan the I°reperty. it any plus
<br />one-twelfth ~tF ~°eariy premium installments for hazard insurani^e, plus one-twelfth of yearly premium in-
<br />atatlmt!~rtts for mortgage insurance, if anv> rtq as reasonably estimated initially and from time fo lima by
<br />Lender on the lutsis of asxf ssm<•,tts and bills and reasonable estimates thereof, Lender shalt apply the Funcls
<br />~+? L~~ nnir~ Fgxe+c vuueaamne,it a_ i;e_ sr~nns riw,~:~ni£ sort „TC'-in3d r4.i':ta. L:Tzd~r =11311 :i2utir' ni3 4'llfl.i,2 f{lr .`-
<br />]saldina _r_nd_ aputvin~ thy. F'.retrt~x ~r r;P d ..,, „t,.l's ng ~,airl a .~~.>',enta an d b'i13 The I~na~r shaft
<br />,...~ ~..
<br />t;ivc to the r'sirrmwer, without charge, an ~ttnual accounting of the Funds shorting +rredite and debits to tho
<br />Funds and thr. purpose far which each debit to the Funds wfls made. The Funtts are pledged as additional
<br />s~urity far the solos secured by this 1Vfortgage. The Borrower agrees that the Funds rosy 6o held by the
<br />Lander and ccitnmingleel with other funds and the Loader's own funds and the Lender may pay such items
<br />from its own funds and the Fender shall not be liable for interest or dividends on such Funds.
<br />if the anxount of the Funds held by bender, together with the future monthly installments of Funds
<br />payable prior tip the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall be, at Borrower's option, either promptly re d 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 />twee:. assessments, insurance prentituns and ground rents as then fait due, Borrower shall pay to Lender
<br />any amount nertssaary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />requosting payment thereof, or Barrower shall, ~by an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />[ipon payment in full of all sums secured by this Mortgage, I,encler shall apply Fund: held fls a credit.
<br />against alI sums due.
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