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uucou~ ~'9-- OD~4t'~1 iMDIVtOUAL auE ant SALE OP7i0iVA'L Ft.t'1"URE AOVAIVCE$ SAVINiG$ FIJntC> Foam wa. 720-479 Loan Number_ 4~2Q{~____-__lfl8_-__1__ Tvos e.a~~n IVIO RTGAG E THIS MORTGAGE, made and executed this .._..~-3.._....._._... day a# ......L(~....._........ A.D., 19..~~_.., between the Mortgagor, _..Larry..E_..&reen..and..Marj.earl.A_..Green,..husband_and..wife,.-.-- . .jointly an3.each...in__their_.nwti..right_,____________________ of ......G.iant.._1s.Laud__.. ,County of - ......liall..........._._...„ State of ....Nebraska......, hereinafter referred to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, 12;35 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. V1%tTVSSSe•rrt: That the said Borrower for and in consideration of the sum of _'iti7.>il?'$`1.-NII~..._.__._.. _._._.'&IiQU.S,AND...S.EYF.N---HIINARET2_A~T12..N01.I00--.-----.--------Dollars (US $-.29x70~..~0.- ..............._) paid by said Lender, does hereby mortgage, grant. and convey to Lender, its successors and assigns; the following described property located in the County of ........_HaLI_._.__.._ .............. State of Nebraska: Lots One (I) and Ten (IO) Block Sixty-Six (66) Wheeler's and Bennett's Second Addition to the City of Grand Island, Hall County, Nebraska T€xa•rar:e with all the improvements now or hereafter erected on the property, and all easements, tights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stack, and all fixtures naw or hereafter attached to the property, all of which, including replace- ments a.nd additions thereto, shall be deemed to be and remain a part of the property covered 6y this Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this Mortgage is on a ]easehold) ere herein referred to as the "Property". Harrower 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 Harrower mill warrant and defend generally the title to the Property against all claims and demands, subject to any ~,atre_rttents and restrictions listed in a schedule of e~ccepttons to coverage in any lisle i:,~a:,A„tt ~'„t_^, _._ ;raring 1~*nder's interest in the Property, ar t?l attorney's opinion of title from abstract of title certified i>y ix;nrled ahstraeter. I'ar;c,nt:i; .~,c.w~vs, itnti these pre cn%s are exec-ttt~?ri anti do flee rti-1 upon the fnilr;wing +~r;nditiortg, aBt~e- mCtitN flRtt.! obligations bt the Barrawer, to-x-it~ 'I h~ 1-lrirrower agrees to pa~` to the i.ender, or order, the princiluti sum of `i~'~N3'~-IVT1vF, TH,RIISt1ND S£VN.N HLtNTtREI} ANT) NOj~l~tt}-°__-------~------------- _. _ T~Eilats {US i±. .24,.1.04.f1t1..__ _...- } payable as provided in a nc;te executed and cf_tivered, concurrent]}• herewith, th<~ final pflyment of principal, if net sooner l;aicl, on the First cit;i af~eptet4b~r ~pC 20p9 UNreuaet Cove~n>v~rs. Borrawee and Lenr_ler coventmt and agree as follows: i. Payment of Principal and Interest. Boen~wer shat! prontptl}• pay when thie th++ prinrii;al of and in- tarest on tht~ indtrht:trines, evidc=nc+=d by th+• :L'ate, prepaym€=nt and late ehart;es as I;rovided in the ;tiot~, stnd the principa! of anzl intert~t an any F`u#ure Advances s€vurtxi by this Aiortga%e. 2, Funds far Taxes and Irtsarattce, Sutije€~F to Lender's aptiart under paragraphs t e+nd •? herr•a#, Bar- r<;wer shall pa}~ ti, Lender an the day monthly instalhnants of principal and interest are t;ayahte under the Note, until ;fie Nato is paid in full, a sum therein "Funds"I equal to one-twrlffh of the yearly taxes and asseessments whi+h may attain griority over this Mart;*a4a, and ground rents an the Property. it any talus one-twelfth of y+•arly premium in,,~tallments for hazard insurance, plus one-twelfth of yeariy° premium in- »talimentrr far mortgage insurance, if any, all as reasonably estimated initially and from time to time hY under an the basis of assessments and bills and reasonable cst-imat~ t-hereo#, Lender shall apply° the Funr3s to tray ward tax., a~~srnertts, insurance pretnittms and a*aund rontns. Under shall make no charge far so holding and applting the Furl, ar verifyrn~r and t~npili=ng 4Aid ?~~+vn,,uniu and hips,. The Zander xhr~it give tr. the F'sarrc;wer, w~thaut charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to Che Funds was made. The Funds are pteclged as additional security fur the sums arxured by this Martgago. The Harrower agrees that the Funds may be held by the Lender and cc;mmingled with ether funds and the Y,ender's awn funds and the Lender may pay such items from its own funrls and the Lender shall nut be liable foe interest or dividends on such Funcia, If the amount of the Futxis held by Lender, together with the future monthly installments of Funds ,payable prior to the des dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said taxes, assessments, insurance premiums and graund rents as they fall due, such excess shall be, at Bortawer's ogtion, 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, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender any= amount necessary to make uF the deficiency within thirty days after notice from Fender tp Borrower retlat:sting payment thorea#, or Borrower shall, by an increase in monthly installments of Funds reyuired, repay the deficiency within the Fund accounting period. Upon payment in fait of all snms securers by this Mortgage, Lender shall apply F'cnds held as a credit. against all sums duo.