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7N^IYIDUAL
<br />DUE GN SALE
<br />~~" CfWTIf?NAL FUTURE .r1DVANCE3
<br />L SAYINGS FUND
<br />FORM Na. 720-474
<br />Loan yumber_4288Z____-_188__-~_l___
<br />Type 8rancn
<br />as"'~~~'~`~ MORTGAGE
<br />THIS MORTGAGE, made and executed this ..-....-...31............_. day of ._,....q~~gt..._.._._.._... A.D.,
<br />19..7_.., between the ?Mortgagor, ..Jam~s_J._P=aba ca_and..Jnyca-.E...Pxobas_ca,..hsashand..and.~rifE,
<br />3s?lnkJ.y_snd..each.-xA..th~ix:.-a~n-.>;a.g}at. .............._......._....-.......- _....-.................. - --- -........
<br />of ..-...Grand.. L~~ancl-...--., County of ._.___.Hall..._.._--........, State of ._.N.e6ra ku._.-., hereinafter referred
<br />to as the Borrower, and the &iartgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1<35 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />S1VrzxESSEZx: That the said Borrower fur and in consideration of the sum of .. TWENTY EIGHT-.THOUSAND
<br />FOUR HUNDRED AND NO/100---------------------•--------- Dollars (iJS r~~...,.28 400.00 )
<br />paid by said Lender, does hereby mortgage, grant and conveyy to Lender, its successors and assigns; the
<br />following described property located in the County of ........_ Hall ,State of Nebraska:
<br />Lot Eight (8}, Block Two (2), of Koehler Place, in the City of
<br />Grand Island, Hall County, Nebraska.
<br />Tcx;trrxr:x ccith 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 stac>;, artcl all fixtures now or hereafter 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 :aid property (or the leasehold estate in the event this
<br />Mortgage is on a Isa_sehold) are herein referred to as the "FropeN.y".
<br />Borrower covenants that Borxower is lawfully seised of the estate hereby conveyed anti has the right
<br />to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br />warrant. and defend generally rho title to the Property against all claims and demands, subject to any
<br />eru:ements and restrictions Hsted in a schedule of exceptions to coverage in ary title insurattee palioy itr-
<br />suring i.ender':t interest in the Property, ar (2) attoxtrey's opinion of title from abstract of title certified
<br />by luradecl abstracter.
<br />I';:rv,rrt:r, At,w'st5, aird thecae presents arc' execuu~u anrt steliyered t t_ faF ,w, n
<br />~~ n the . _lr_ t .g can ditic,.ra, a~~r.~
<br />:rrents and abliF;ation:~ z:[ the BuPlYlliyer, to-ti'ifi:
<br />~`he Barrrtwer agr€i•s to pay tc the Lender, +.r or.h•r, the Nrin,°ipal sum of `I't3E,NTY EIc;HT .~lipUgpblD
<br />Fb3I1R IILFNDRED ANII--NOS.1.04----------------.----------------TDallan tI!S 3?8,400_OII- - 1
<br />pas'able as ltrovicicxi in a not-e exeruteci anct delivered, cuncuxrenth' heravith, the final payrnent of principal,
<br />if not.:;aaner paid, on the '~.>~ da~• al -.-- Septetxttex i~t ,^QCX)
<br />UxtF~sia~t Ccn•eN,tv~rs. Harrower and Lender covenant and agree as f+'>Ikrws;
<br />1. Papment aI Frincii:cal acrd internat. B+;erowcr shall prontpt.ly pay when due the principal of and in-
<br />terest on the indabtedne~~ evidenced be the time, prepayment and late charges as provided in the Nate,
<br />and the principal of and inta~rest an :tnj• Future Advances secured bs, this Alnrtgage.
<br />2. Funds for Texas and Insurcrnca. Suhjtrt to Lender`s option tinder paragraphs d and S hertaof, &tr-
<br />rower shall pay to E,cnder on the day nx>u€hl~ installments o[ principo-tl attdtnterest are payable under th+?
<br />Nate, until rho Mote it. paid in fail, a ,urn (hcrw=in "Funds"1 equal t-a onez-tvelfttr of the yt~=trly ttrxr+ and
<br />ftstu,~sments whielr :-tray attain griarity uvre this llortgatge~, s,nri ground rents an the Propzrt~°, if ens' glue
<br />one-twe][th of yearly premium installments [ar hazard insurance, plus one-twelfth of yearly prenritun nr
<br />stallntents far mortgage insurance, if any, all as reatranahly rstimatetd initially and fmtn time to time Fry
<br />I,encler on the creels cif assessments and billti tnr_l t'ea!+{tot±Itle cWhmates t4*rreaf, ~+nd€sr "=hall aultt{ tr r ,r~~s
<br />tit pay :raid t,ffxr~ assessments, insurance prernium;° and >roun~l t•~>ntr~ l~+ndrr shall tna}~t na t1t c !<tr so
<br />balding and applying tht" Fund=~ .re verifying and compiling :lard as.4e asrnertts anal hill, . i'hr I~enrtc r shall
<br />gtve to the Harrower, without charge, an annual aecoutrting of the Funds shaving credits and debif.s to the
<br />Funds and the purpose far which each debit fin the Funcls was ,node. Tha Funds are placlge~cl as additionarl
<br />ses.urity for the sums securt:d by thix Mortgage. The Borrower agrees that the Funds may he held by rho
<br />Lender and commingled with other funds and the Lender's awn funds and the Lender Wray pay ouch items
<br />Exam its owtt funds and the Lender shall not lte liable far internst or dividends on such Funcls.
<br />If the amount of rho Ftmds held by .Lender, together with the future monthly installments of Funds
<br />gayable prior to the due dates of faxes, assessments, insurance premiums and ground rents, shall exceatl
<br />the amount rewired to gay said tars, assessments, insurance premiums and ground rents as they fall due,
<br />suolt excess shall be, at Borrower's option, either promptly re d to Borrover or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by bender shall oat be sufficient to pay
<br />t:.xes, assaarnents, insurance prenaieuris turd ground rents as they fall due, Harrower shall gay to Lender
<br />any nmaunt nec~saxy to make np the de6cienoy within thirty days after notice from Lender to Harrower
<br />rer{uesting payment thereof, or B.srrowar shat, by an incrse in monthly instalments of Funds required,
<br />r!•gay the defitercy within the Fungi accounting rteriad.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall appls• Funds held as a credit
<br />against all sums clue,
<br />
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