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<br />; DUE pN SAt_E
<br />pF'71pIVA1. FU7UEtir ADVANCES
<br />~~3 SAVINGS FUND
<br />~V• FaaM Na. 72J-479
<br />~~~~~ Loan Number__41725___ __I88_-__I__
<br />Troe e.a~~n
<br />T9~-- ~~~~" M D R T G A G E
<br />THIS MORTGAGE, made and executed this ........__ Z ............... da of ...__...A ~st_...-.--....-... A.D.,
<br />3 y
<br />l9.-_._7.9, between the Mortgagor.... Robert_J,.. Dickson .and_tdilma S. Dickson,_._hasband and__._......-
<br />.. _wi.>;~-,..,3.oxnt.7.y..and..£ach_xn...th~a.z•_.-own.-rzght,... ..-- -... _ .............. ....... --~- -- ---
<br />of ... Cst3nd._hslaztd-,-__-.., County of ...... _k1aL~.....__..._._...-, State of ._.FlahXaska......, hereinafter referred
<br />to as the Borrower, and the 1l4ortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />' LIATCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />VvrTtasssETx: That the said Borrower for and in consideration of the sum of .. TIiIRTY THOUSAND....
<br />F'(2UIt..HIR+7AItik:D..Ii~IP..NQI.IQQr----rr..---err-r-r.:-.--c----r--Dollars (US 5...3Q..4.OO..QD--__-.-.--.......)
<br />paid by said bender, does hereby mortgage, grant and convey to bender, its successors and assigns; the
<br />following described property located in the County of -...-..._Ilall_-...__-.......-_..-..., State of Nebraska:
<br />Lot Six (6), Block Ninety-five (55) Original Town now city of Grand Island, Hall
<br />Cotrnty, Nebraska
<br />Tl?I:ETHEa with all the improvements now or hereafter erected on rite property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stock, and all fixtures now or hereafter attached to the property, sll of which, including replace-
<br />ments and additions thereto, shall be deemed to be and r-emain a kart of the property covered by this
<br />Mortgage; and all of the foregoing, together with said property (car the leasehold estate in the event this
<br />Mortgage is on a leasehold} am herein referred to as the "Property".
<br />Borrower covenants that Borrower is lawfully seised of the estate herel>y conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Pmperta• is unencumbered, and that Borrower R~ti
<br />warrant and tletend generallyche title to the Property against. all claims and demands, subject to any
<br />easements and restrictions tilted in a schedule of exceptions to caverage in any title insurance policy in-
<br />suring Li~rtder's infernst in the Property, or (') attorney's opinion of title from abstract of title certified
<br />by banded abstracter.
<br />I'tztrvtnr~o Aiw~vs, artd these presents are executrrl and delivered ulxrn the followizte conditiurtrs, a-
<br />m€'nLs anu ~41t;;Attr)rt.Y lit ttte ~i;rrrrwer, tU-\S'It:
<br />Tht' 1Ltrrrtrty-r agrxe,~ t,~ p:ty~ to the Lertrrer, ar rl-r r, the Yt~irz^sr~l rttrt { c Tsfr~~•y ~gLtae'_ri
<br />_ I'O.tIR-.11IfilI?N,~13 .ANA..NQli9a __ _____ __________Ikrilara 1[ ti w .3Q,4t3Q.QE?
<br />}
<br />payable as pruvitlecl in a note executed and delivered, rvnr•urrentl}• hereu-ith, the final payment of princilral,
<br />if not. sooner paid, on the . _ 1st: cla~• of . S.eptetnber' i~t ~flt)9
<br />~NIRa)RM C'r)VF.N~NCS. Born~wer and Lender covenant and agree as follatvs:
<br />1. Payment of Pzincipai and Int®rest, Bot~trwer shall promptlw' pay when due the txincipai of and in-
<br />txrtwst an t}te irrdehtedness zvidenced by the Note, prepayment and late charges as prurided in the Acute,
<br />and the print:ipal of and interest on rtny Future Advances secured b} this 'Mortgage.
<br />2. F`undn far Taxoa and Insurance, SubjtK~t to Ltroder'a option under paragraphs d and S hereof. Bur-
<br />rower shall {ray to ixnder an the day monthly installments of irrincipal and interest any {~rayahle under the
<br />Nnte, ant-il tlu• Nrrto is mid in full, a cunt (hors-in "Funds"} equal tr, arse-twelfth of thfi ti•Nar!>• taxc-s and
<br />au*u~s+rnents which nary attai;r pric;rity crvcr this hlurt.ga;;r=, anal around rent- on the. Property. if an> plus
<br />one-twelfth of yearly aremium installments Fttr hazard insurancf, plus rare-twrdith of yearly pre-miunt in-
<br />stallments for ntorkgage insurance, Sf any, all as reasonably estimated initially rand from time to time by
<br />Lender on tho bt~ra of aave55mr>nts tend bills and reasonable estimates thcre•crf, Lender shall apply the Fzmds
<br />*~ =say -i€! #n2 =an-,~ !a, inaurazteb I>r~trtiu.rz~: a.crl Frocrn.l ; rte. l~ntl€=r ~n.tll ntt-t'rzg. zu? cjtarge- far so
<br />ltoltling °nd ap;slying the Funds ar verifying arrrl ttmiilintt `affil a-~.st`3+.stnc•ists and biiL. T1ze I.Ender stia'tt
<br />give to thc: Burrower, withaut charge, an arrnual accounting of the Funds showing ct~dits and debits to the
<br />Funds and rho purpose far which each debit to the Femds was made. The Funds are pledgetl as adrlitianai
<br />:~curity far the sums seczrred by tltiv i4fartgage. The Borrower agreras tF+at tlx= Fun<fs may ire held by the
<br />Lender and comminplecl with other funds and the Lender's ~••rs°tt funds and the Leader may pay such items
<br />fmm its awn funds and the Under shall net be liable for int~r€st ar dividends on such Funds.
<br />If the amount of the Fonda held by Lender, together adth the future monthly installments of Funds
<br />payable prior to the due dates of texas, assessments, insurance premiums and gerund rnnts, shall exceed
<br />the amount roquired to p~:y said taxes, assessments, insurance premiums and ground rents as they fall due.
<br />such excestt shall bs, at I3arrower's aptaon, either protnptly repaid to Borrower ar credited to Borrower an
<br />nxtnthly znstzliments of Funds. If `Ire amount of the Funds held by Lander shall not be sufficient to pay
<br />taws, assea4nrents, izzaurance premiums and ground rents as they fall due, Borrower shad pay to Lender
<br />any t;motant neceagary to make up the deficiency within thirty days after notice fmm Lender to Borrower
<br />requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the: d~iteis3acy within the Fund accounting peritxl.
<br />Upon payment in full of all sums secured by this h4ortgage, Lender shall apply Funds held as a credit
<br />against all stuns due.
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