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._._ ~ i INDIVIDUAL DUE ON SALE ~~~~ OPTIONAL. FUTURE ADVANCES ® SAVINGS FUND s -e ~,p~i~~ ~i• FORM NO. 72~-479 6i Jlf®~t~i/I~~Yi,~P_~ Loan Number_ 42145 ___-__188 _-__ 1 _ ?9- ~~~~~~~ M Q R T G A G E TFIIS MORTGAGE, made and executed this ._....._ .fO ................ day of ,~~~~~..---.-....... A.D., 19..7..., between ±he 1.14ortgagor, .__..ISax_I.1.._.Thataas_.and..Rosalie..,L....Thomas,..hushand_.and..~rife.,. _.7.aint;ly...aud..+<ach-.in_.theix._awn.righY............___.._ .................__...._...._...._.. -..................- ._......°-- of ._G.ransl..Lslamd...._...., County of .._....Ha11.__.._._...._...., State of ..........Ns:htaska, hereinafter referred to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF ' LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. WtTNesssrx: That the said Borrower for and in consideration of the sum of ..-->aTaEVEN..THs~U36ND._. _...ANA..*iUL.19.U..---.--___~------------------..---------.Dollars (US$..11,DIlO.OD_ .. ............) 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 _.....Hall .......................... State of ILTebraska: Fractional Lot Eight (8) in Fractional Block Eight (8) of Lambert's Addi*.ion to the City of Grand Island, Hall Gounty, Nebraska ToceTe>;a 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 Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this Mortgage is nn a leasehold) are herein referred to as the "Property". Borrower covenants that Harrower is lawfully seised of the estate hereby conveyed and has the night 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, subjer-t to any easements and rt~;trietions tilted in a schedule of exceptions to coverage in any title insurnnce policy in- ycuring Lpnder'~. interest in itae Property, or y?) attorney's apinian of title from absstraet of tale eertiCed '. by bc)ttdaN! ahstrtf'tYT_ I'actvanF;tz At~,4 ors, and these presents a,e executed and delivered upo., the failawinv ::,nditio~, ac~*r°~- menu and obligations of the Borrutver, to-wit; The Borrower agrees to pay to the Lender, or order, the principal sum of ..l+J»EY.EN_.THQUSAtVA _. _ . ANT1.N0~.100_---_-.-----------.-------rx-'t-r.r-.---rc--~)allars (US S......1,L00.U..00.. .. ) payable as provided in a note ext-cured anc: delivrretl, concurrently herewith. the final payment of principal, if net loaner pai4l, on the _ .First dau of .. Beptemlter . i99~! .. UNts:oans t'oyt:,~n;ves. Borrower and Lc•ncter covenant and agree as follows: 1, P~ymont of Principal and Int©rest. Borrow-er shall promptly pay when clue the principal of and in- tarest on the indehu•dntas evidenced by the time, prepei~'nrent and late charges as provided in khe Note, and the I~mra•ipal of and irterest on any Future Advances secured by this Mortgage. 2. Funds for Taxes and lnsurance. Subjcrt to Lender's option under paragraphs 4 and 5 hera+tsf, Bor- rower ghat{! pay to Lender an the day monthly installments of principcd and interest are payable under the Note, until the Nate is paler in full, a sum therein "Funds") equal to one-twelfth of the yearly tales and astsessments which ma}• attain priority aver this i!lortgage, and groun<{ rents on the Property, it xny phts one: twelfth of yrarlr' premium installments far hazard insurnnce, plus one-two+lfth of yearh• premium in- stallments for mortgage izt-Durance, if any, arll as reasonably estimated initially and from fine to tithe by -=ttd£r :~;f =F~ h .,pis rf a.yrnent} and bills nrf reasonaht€~ estimate:: thorraf. Ltndor shah apps}` the 1•°uncix to fray said taxea~, asrttr,.,mYnts. insurance prentittnts and ground rents. Lender .hall make= no charge for cut ltoidfng and applying the Funds ar verifying and compiling said arse°avtur'nts and bills. The Lender shall give to the Borrower, without charge, an annual accounting o[ the Funds showing credits and debits to rho Funds and the purpose far which each debit to the Funds was made. The Funds are pledged as addetfortal aecttrity for 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 awn funds and the Lender may pav such items from its own fsmds and the bender shall not be liable for interest or dividends an such Funds. If the amount of the Fw.ds held by Lender, together with the future monthly installments Of Fuflds payable prior to the due dates of taxes, assessments, insurance premiums and ground rent`s, shall exceed the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either promptly re d 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 presrriums and ground rants as they fall due, Borrower shall pay is Lender any amount necessary to .+~_ake up the deE~enr.}• c+,~ithin thirty days after natitx from Lender to Batsrtcvzr requesting payment thereof, or Harrower shall, by an increase in monthly install-nent9 of Funds required, repay the deficieni y within the Fund accounting period. ilpon payment in full of all sums secured by this Mortgage, Lender st-.1l apply Funds held as a credit against all sums due.