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~~ uuc~ 79- ~55d12 fNDtVtDUAL DUE 1DN SALE OPTICYNAL FUTURE ADVANCES SAVINGS FUND FoaM Ha. 720-4?9 Loan Number__4~72y___-_1$$__-___1_ "' Type Branch M O R T G A G E THIS i~tORTGAGE, made and executed this ..._......rl~....._...... day of .-.....A`_~.`.`~ ............... A.D., 19.- ~~.., between the Mortgagor, -... Victr~~ .Gene. Hestttan..and. Jeanette--Marie..Hesman,..hushaud._.. and..wife,-. ~.ointly...and..each..in-.heir.-.awn _right ..................................--...... _........-..-.............-•°-- of .......Grand_Ssland......, County of ._.-_Ilall.._....._.... _..., State of _...N.ehraslca .., hereinafter refereed to as the Borrower, and the Ivtortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN,, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. WtTxssst;rH: That the said Borrower for and in consideration of the sum of ... THIBTX..SIX.-Tf10ASAPID _.._._.AND..lYO/10.0.. ------rr---c-.---.------r..--c-c----c-----Dollars (US 5-.-3.(x,00f1..00 .............._...) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the follow~nq described property located in the County of ......-....klall.._............_._.., State of Nebraska: Lot Thirty-six (35), Block "D" in Park-view Subdivision, located in the Northeast Quarter (NE's) of Section 29, and the Northwest Quarter (WN'-L) of Section 28, all in Township 11, North, Range 9 West of the 6th P.M., Hall County, Nebraska Tact:Trt.a -~'itla all the improvements now or hereafter erected on the property, and all easementsG, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures now ar hereafter attached to the property, all of which, including replace- ments anel additions thereto, shall be deemed to be and remain a part of the property eavered by this Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this Mortgage is on a leasehold) are herein referred to as the "Propartp". Borrower covenants that Harrower 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 Borrower will warrant and defend generally the title to the Property against all claims and demands, subject to any easements and restrictions tistet~' in a schedule of exceptions to coverage in any till€€ insuran~a ~uiiir :. sating Lender', interest in the l~rapert}°, or (?1 attorne-,y's opinion of title from abstract of title certified by handed abstracter. PKUVm>;t: At.4t•ays, and these prc<sents are executed and delivered upon the fallowing conditions, agree- tnentx and obligations of the Horrower, to-w'it: The Harrower agrees to pay to the lender, or order, the principal sum of I;lI11tTX $1.X .~H.t).USANA- AfiU hs?I.1.t~Q ------. .----- ---.___.._.-.________....__..__~oilars (1'S g- 36,t100.Ot). - ) __.. _ payable as provide€I in a Hate ex€~ufe<l and delivered, concurrently herewith, the final payment of principal, if Hat sooner paid, on the . .1'lrst. - day of Se1:1;canher .- ~ 2JOj UNIRORht ('ovt~tvaN•rs. Borrc;ver and Lender covenant and agree as follows: 1. Payment of Principal and Interest. Borrower shall proucptl}• pay when due the principal of and in- terest an t:hetndebtecln~sx evidenced by tt~e Nate, prel:aymant and Iste charges as t3meided in the Kota, and the t~rincipal of and interest an any Future Advance. secured by this: ~Tartgage. 2. Funds for faxes and Insurance. Subjx•t to Lender', option under paragraphs 1 anti 5 her€xrf, Bor- rower shall pa} to Lender on the da} monthly installments of principal anti interest. are payable under the Note, until th€~ Nc,te is paid in full, a sum (herein. "Funds"1 equal to one-hcelfth of the }•earh• taxes and assessments which may attain priority aver this Mart-gage, and ground rents on the Property, if any plus one-twelft-h of yearly preutium installments for hazard insurance, plus one-twelfth of yearly premium in- ~ctallntents for tortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basin of assessments and hills and reasonable estimates thereof, Lender shall apply the Funcis to pay said taxes, assessments, insurance premiums and ground rents. Lender shall make tto charge far so balding and applying the Funds or verifying and compiling said assessments and bills. The I,flnder shall give to the Barrov.er, without charge, an annual accauntan$ of the Funds showing credits and debits to the Funds and the purpose fvr which each debit to the Funds was made. The Funcis are pledged as additional aecurity far the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items from its own funds and the Lender shall not lie liable for interest or dividends on such Funds. If the amount of the Funds held by Louder, together with the future mant.hly installments of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed the amount required to y said fazes, assesstnenta, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, 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 suf&cient to pay taxes, assessments, insurance premiums and grottnd rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency within thirty days after notice from bender to Borrower requesting paytnetrf. thereof, or Borrower shall, by an increase in monthly installments of Funds required, repay the deficiency within the F~:nd accounting period. Upo*.~ lay.^.; .~+t in full of all sums s~•ursd b}' this ~ivrtgaga, Lendor shalt apply Fu,-,ds held as a creciii, against all sum:; due.