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INDIVIDI3AL •
<br />DUE ON SALE
<br />(3P'!'IQNAI. NwU9-URE ADVANCE'a
<br />' ~ SAVINiC:S 'FUND
<br />^~~~ FORM Na. 720-479
<br />~J1i~~~N Loan Num6er__428b6___-_194__-__1
<br />ryo< era~<n
<br />79-~ '~~~'~~$ M O R T G A G E
<br />THIS MORTGAGE, made and executed this ...._.-. ~.~....._....._ day of ..-. !.'.~!+y43.1f_ ................ A.D.,
<br />19...7.jr-., be+n=een the Mortgagor, ...._.IaCk--R,-..Bixby, and--Beckie. Barnes Bixby, husband and wife,
<br />.._...~aantay...and_~.a~h.. in..th~ir--own_.right.- - ..... - -.._..........._ .............- - -
<br />of _.___Gsand_I-$.),and..-.., County of .........Hall. _.-,.-.,-_.._.--_, State of _.. Nebraska ,hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 2235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />~rtTx>'rssETx: That. the said Borrower for and in consideration of the sum of ...TkI)ZTY. FIVE_.~lOUSAND
<br />.ANA.-N91.1.Q0.---.---.--------------------.-------------'Dollars (US $_...35,000.00........-.-.._..)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />foAowing described property located in the County of -..__-__..Hall ,State of Nebraska:
<br />Lot Three (3), i~periai 7111age Eighth Subdivision, City of Grand Island,
<br />Hall County, Nebraska
<br />Tcr,,F;Txf;;: with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stack, and till fixtures now or hereafter attached to the property, all of which, inc)uding reglace•
<br />meets 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 w=ith said property (or the leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Propert.".
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />tit mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower w=ill
<br />warrant and defend eenerally the title to tht+ Pronerty against all claims xnd demands. subiect to env
<br />easements and r~iriction- liste.`l in a sche,lule of exceptions to coverage in any title insurance pofir}- in-
<br />suring, I.€~nder';; e.,tt=rat in the Propert>°, or (2) attarfrey's opinion of tide from abstract of title certlfieci
<br />by bonded abstracter.
<br />Pattvtor:o Ar.w~YS, and thesr~ pr~~nts are eaerutcd anti delivered uptrn the following c°onditians, agrr€-
<br />ments anti obligatiatt~ of the I#arrtawcr, to-svit-
<br />The Borrower agrt~trs to pay to the Lcncler, or or+3er, the princ•ilral sum of 1'HYRT7f„FIVE_'fFif)ZISAND_
<br />Ik+ilars tl':i ~; ~5,Q04..f)q..
<br />payable as provitletl in a note exc~t•utett and delivered, concurrently horewith, the final Iraymrnt of Principal,
<br />if not sooner paid, on the FirsC day of January , ~ 201.0
<br />C?xtr'oa>t CtrvH:x,ax•rs. Borrower and Under covenant and agree as follows:
<br />I. Payment of Principal and Tnierest. Burrower shall prantp!ly pay when clue the principal of and in-
<br />t.erest on the indebtedness evidenced lay the i~ofe, prepavmcnt and late chargek xs provided in rite Note,
<br />xnd the principal of and interest on any Future Advances e~t•un~tl by this i•fartgage.
<br />2. Funds far Taxes and In.9urance. Subjet•t to La=ndec•'.a option under paragraphs ~ and ~+ herev~f, Bor-
<br />n~rwer shall pay t+~ Lender on the day monthl}~ installments of principal and interest are payable under the
<br />`Vote, until tht~ Note is paid in full x sum the rein "Fzands"1 rs~ual to one-twelfth of the ~•t=arl~ taxes and
<br />assessments whirls Wray attain priori#v n4e_r this ;Mort tee, and ;trezu_ad rents nn the l'mlrertc ii any plus
<br />one-twelfth of yearly premium installments far hazard insurance, plus one-twelfth of ycarl~ pr= n+ium in-
<br />atallments far mortgage insurance, if any, ale as reasonahty estimated initially and from time to lime by
<br />bender on the basis of assessments and bills and reasonable estimates thereeof, Lender shall apply the Funds
<br />to *~av said }noes. a~w~monts, insurance pea:triunes atrd~rr_~urr+l rfzn±_4. L=_+ncler sh411 make no chargo far so
<br />lroldrne aid ~pplving the Ii,inds nr vr±rifyinu ,~n~l _ i:ng r,l ~~,xws~nrnnr.x anti ~1}s- `I'he teander ~},,,ll
<br />~tve to the Borrower, without charge, an anrzuxt accounting of the Funds showing credits and debits to the
<br />F~rnds anti i.hi+ purpose for which each debit, to the Funds wa_s made. The Funds are pledged as additional
<br />security for the sums secured by this A'fortgage. The Borrower airrees that the= Funrls may !x held bt rho
<br />Lender and commingled with other funds and the Lender's own funds and the lender may pay such items
<br />from its own funds and the Lender shall not be liable [nr interest or dividends on such Funds.
<br />If the amount of the Funds held by Lander, together with the future monthly installment, of Funds
<br />payable prior to the due dates of Loxes, assessments, insurance premiums and ground rents, shall exceed
<br />'the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fail due,
<br />such exeosa shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. ' f the amount of the Funds held by Lender shall eat be sufficient to pay
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to bender
<br />any amount necessary to make up the deficiency within thirty days a#ter notice from Lender to Borrower
<br />requt_5ting payment thereof, ar Borrower shall, by an increase in monthly installments of Funds required,
<br />reoxy the deficiency within the Fund acounting period.
<br />Upon payment in full of alt sums secured by this Mortgage, Lender shall apply Funds held as a credit
<br />against all sums due.
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