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flal~twlt~ussl~ ~' ®t~~ tali sA~.~ ~•'S'r" +p1~Tit3-SdA1_ riiJ'Ti,llFkir ApYANC~S 3AS/IIVG5 rt,JN'J FaeN No. 720-479 _ l.can Number-- 42580 ____ 183 _- 1 79~-I~~~,U ~pRTGAGE THIS 1110RTGAGE, made and executed this - _. _..rr~7...._._ _.. day of !~_ r*__s_t_ A.D., David A. Koelzeg a sin le ersop iD._~~., between the !Mortgagor, . - - - . - - -- - ,_...... ..5.. _.P... ...e_... __ __.... -.._..... - ° - of ...Grind , Island-..-__-_- County of ..-~~-~ _-., State of -Nebraska _, hereinafter referred to as the Borrower, and the D4ortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68,501, its successors and assigns, hereinafter referred to as Lender. WlrrrrsssTx: That t;le said Borrower for and in consideratior. of the sum of ..T!~?~-SIX _.THOUSAIID.-NINE HUNDRED-.c.ND.NO/100--------.---------Dollars (US$.-_26-,900.00 ..................) - --- - 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 .....IiaJ.L-......-____......_..---., State of Nebraska: The North Fifty-Two (N52') of Lot Six (6), Block Three (3), of South Grand Island, an Addition to the city of Grand Island, Hall County, Nebraska Tocs2xsx with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures now or -hereafter attached to the property, all of which, including replace- ments and additions thereto, shall be deemed to be and remain a part of the property covered by this i4ertgage; 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 "Property". Borrower covenants that Borrower is lawfclly 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 generslly the title to the Property against all claims and demands, subject to any easements and restrictions listed in a schedule of excepi.iuue io ~~,~,age : ,' t:tla :_.__!!*+~ nntirtv in- sllrtng LendP.r'S lntere5t m the PrOpertV, Or (~) attorney`s O(ilmon Of tltle"fmm 8bstract"Of title Certified by bonded abstracter. PaclvroEn ALWAYS, and these presents are executed and delivered upon the following conditions, agree- mantG and abligatians of the Harrower, to-wit: The BarroWer agrees to pay to the Lender, or order, the principal sum of ?'~~1~'"!'?'-~~I~_.~#~?4S~~1I2... .NTNE_F~fJNBRED AI•ID. NO/100--------------------------.,Dollars (US ;.26,900..00...-...--....--.....) payable as provided in a note executed and delivered, concurrenth• herewith, the final payment of principal, if not sooner paid, on the ...-.First-_._ __.- day of .._... Septembez . _.....-_- . - , pfI( 2009 Ux[FOanl CovexAx•rs. Borrower and Lender covenant and agree as follows 1. Payment of Principal and Interest. Borrawer shall promptly pay when due the principal of and in- terest. on t:he indebtedness evidenced by the Note, prepayment and late charges as provided in the Iv'ote, and the principal of and interest on any Future Advances secured by this lortgage. 2. Funds for Taxes and Insurcalce. Subject to Lender's option under paragraphs 4 and 5 hereof, Hor- row•er shall pay to Lender on the day monthly installments of principal and interest are payable under the Note, until the Nate is paid in full, a sum {herein "Funds") equal to one-fu•e]fth of the yearh> taxes and assessments which may attain priority over this M1lortgage, and ground rents on the Property, if an}' plus one-twelft-h of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium m- stal[ments for mortgage insurance, if any, all as reasonably esti[nated initiall}• and from time to time by Lender on the basis of assessments and hills and reasonable estimates thereof, Lender shall apply the Funds to pay said toxe;, ass<sments, insur:znea premiums anti ground rents. Lender shall make na charge far sa holding and applying the Funds or verifying and compiling said assessments and hills. The Lender shall give to the Bo: rower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the duns secured by this R4ortgage. The Harrower agrees that the Funds may be held by the Lender and commingled with other funds and the Lender's awn funds and the Lender may pay such items -from its own funds and the Lender shall not be liable for interest or dividends on such Funds. If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to the due-dates of lases, assessments, insurance premiums and ground rents, shall eaceed the amount required io pay saYd taxes, assessments, insurance premiums and ground rents as they fall due, such excess shall 1)e, 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 sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the defic[enr_~v with?*i thirty days af±er notice from Lender to Borrawer requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required, repay the deficiency within the Fund accounting period. Upon payment in full of all sums secured by this hortgage, Lender shall apple Funds held as a credit. against all sums due.