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<br />''Cry'' Bali: ~atv s,~L>M
<br />OP-I''iq~Wl~k. F"I€J'7"IJRE i4L1"VA~fii~'ES
<br />~'a-t~t"~ ~, ~ ji SAi1ffIWId35 1~'CUIYI',PJ
<br />~~ Fvant ria. ?20-479
<br />Loan iVumber_ 42532_-- -__188_ __1--
<br />TYDe Branch
<br />
<br />y~
<br />THIS MORTGAGE, made and executed this ..__.----.-~~---.--...... day of ..~,.2~~ .... __.. A.D.,
<br />19..~~!.., between the Mortgagor, ......No_~man..A....Buck..and..Betty-..I....&uck...hu. bared..-ared_wi~e.,._---.--
<br />.._....3,ointly.-and..earh..in..their...owa.righx.-- -- -....- ._._ ........................._.. ---..._.. - ---- ~ -- - ---
<br />of _....Gsand.Ssland......, County of ........Hall.___ .............. State of ._.N.ebraska._.., hereinafter refereed
<br />to as the Borrower, end the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 135 "N" Street, Lincoln, Nebraska 6850], its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WrTxesserx: That the said Borrower for and in carsideratian of the sum of ...-.TGIENTY..SESIEH.........
<br />.THQT73ANIl-.SEVEN-.IIillVARED..AT1A..k1QL.1.00..--.--rcrr----c-.-----Dollars (LTS $.....27.,7.Q0,.00 ..................)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />foliowfng described property located in the County of ._.......-.Ball-.....___...--_..---, State of Nebraska:
<br />Lot Three (3) Block Fifteen (15) in Lambert's Addition to the City of Grand Island,
<br />Hall County, Nebraska
<br />Tocr:rxGx t~rrith all the improvEments now or hereafter erected on the property, and all easements,
<br />rights, appuriertanees, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stack, and 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 said property (or the leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mari;gage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br />warrant and defend generally the title to the Property against ail claims and demands, subject to any
<br />easements ar[d restrictions listed in a schedule of exceptions ko coverage in any title insurance policy ire=
<br />sating Lender's interest in the Rroperty, or (21 attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />PQt-vrn€.[: A:,wavs, and th ~e prs:,ents ar€° executed and delivered ul~~tr the fliauing rantlitrns, agrcY-
<br />:tents anti ol;ligations of ttie fiarrr?wer. #:?-ES~t:
<br />t lte s~orreswc-r agrees to pay to t:he Lender, oe order, the principal sum of - 1IIENTY.-.SEVF31..1'H,~iISAI'lli7
<br />ScBE>a..tlD~.;DREB..ANid..N.t~.'.100..---.-.~----.-----.---------~---Dolian (I;S k....~7.,7~il~.~Ft~- -- ...--.)
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the ..._._..Eirst-..---. day of - .Sept.ember...._.__.........., tl9L.2(104
<br />GTx[~c~ent Covrxex•rs. Borrower and Lender covanrrnt and agree as follatvs:
<br />P. Payment of Prinripc¢I mxd Interest. Borrower shale pramlN.ly pay when due the principal of and in-
<br />t~rest. on the indebtedness evidenced tw the Note, prepayment and late charges as providttt in the Note,
<br />and the principal of and interest on any Future Advances :secured by t..is Mortgage.
<br />Z. Funds for Taxes cruel Insurance. Sub~ec•t to Lender's rlrtion antler paragraphs I and ,f hereof, Ilor.
<br />rcnver shall pay t~, Lender on t-ha day n'tonthty installments of principal and interest. aro payablE~ under the
<br />Nate, ankle the Note is paid in full, a gum (herein "Funds") equal to acte-twelfth of the yearly taxes and
<br />asressrnents which may atfnin priority trver this tfartgag,E+, stud ground rents on the Property, if anr• plus
<br />one-twelfth of yearly premium intllmenis far hazard insurance, plus one-twelfth of yearly premium in-
<br />stallrnent:s for mortgage insurance, if env, all as reasunabh' estimated initially and franc time to time by
<br />Lender on the basi» of assessments and bills and reasona~,ie estimates thtnxaf, Leader shall apply the Funds
<br />t,o pay said saxes, assessments, insurance nrenriums and ground rants, l,anciar shall make no charee for o
<br />holding and applying tee Funrls ar verifying, and ce}tnpilinf, said assessments ant] ]ills, The Lensl~~r shall
<br />pile to tlto ?3orrower, without charge, art aru`tual secouriting of tllc~ Fantle aleowing credits and rle'nita ici the
<br />Funds and the purpose for which each debit to the Funds was made. Tht: Funds are pledged as additional
<br />security far the sums secured by liras Mortgage. Tee Harrower agrees that tee Fxrnd» may be held by the
<br />Lr;nder and commingled with other funds and the Lender's awn funds and the Lender may pay such items
<br />Pram its awn funds and the Lender shall not be liable for interest or dividends on such Funds.
<br />I# lire-amount of the Funds held l+y ].ender, together with the future [uanthly installments of Funds
<br />payable prior to the clue dates of taxes, assessments, insurance premiums and ground rents, shall exceed
<br />-the amount required to pat/ said tales, assessments, insurance premiums and ground rents as they fall due,
<br />sttrh excess shall lee, at Borrower's option, either promptly repaid to Borrower or cxedited to Harrower on
<br />monthly Snstallments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes, assessments, insurance premiums and ground rents as that/ felt due, Borrower shall pay to Lender
<br />any amourst ncx'essary to trakc up the denciency wiihirr thirty days after notice from Lender to Horrower
<br />requcai;ing pay;nent lhereo{, ar Borrower-shalt, by an increase in monthly installments of Funds required,
<br />repay tlta tleficieney within the Fund ac~ountinq period.
<br />lTpon payment in full of all sums secured by this Mortgage, Lander shall apply Funds held as a credit
<br />against all sums due.
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