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lND1VIDUAL
<br />DUE ON SALE
<br />~~~~ OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FORM No. 720-479
<br />~~ Loan Number__ 43085__-_188__-_ 1__-
<br />ryoe erancn
<br />79..0+~~~~i5 MORTGAGE
<br />THIS MORTGAGE, made and executed this ..._....-.....~__.........-. day of -.September A.-.,
<br />2979__, between the Mortgagor, ..... David, L.,,,~u51~l..and..Jadice-.R,._13~tdd,..hugPaztd...~??d..Fitl<gs.........
<br />..-....j.97,Rt.~.y-s?Ad...€~~h-.in.-.~heir,.~wn_right...-.......-- --... -- .......... . ..
<br />of __Gtdnd-.Islact~.....__., County of ._...-.Hall ..............._,.,-, State of ....N.@bra,~ka.-...-, hereinafter referred
<br />is as the Borrower, and the Mortgagee, FIRST FF,DERAL SASTINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WtTxESSeTx: That the said Borrower for and in consideration of the sum of --THIRTY-SEVEN
<br />_._.-TIIrJA.$.ANA...$.F,V;*N. HUNDRIA..'$EN, AND. NQ/- LQQcrrr..--r-r..-°--Dollars (US w~._37,.7.d.4,.09...- _.........)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of ......Hal7,__.-_.-.-.-_..-..._._.-, State of Nebraska:
<br />Lot Eighteen (IS), in Suhrman's Subdivision, an addition to the city of Grand
<br />Island, Hall County, Nebraska
<br />Tocexxea R•ith 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 stack, and all fixtures now or hereafter attached to the property, all of which, including repktce-
<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 (ar 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 IawfuAy seised a# the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Froperyy, that the Property is unencumbered, and that Borrower will
<br />warrant and defend generally the rifle to the Property against all claims and demands, subject to any
<br />easements and restrictions listed in a scheciute of exceptions to coverage in any title insurance policy in-
<br />suring Lender`s interesi i:t th Property, or (2) attoP-tey's opinion of title from ala;traet of title cartifled
<br />by tx:ndesl uhsrr°c~ter.
<br />PRavtn;ya At,wnyz, and th~sa pry,--nts are. axet.:ttt! and d=liva~rd upa_ n thy. falla:~ir.e 4;nditiotts, a~r~-
<br />' merits anti abligatiotir of ~e Bnrrow,r, t~-±*'it:
<br />Tlte, Borrower agrees to pay to the Lender, or order, the principal sum of .THIRTY-Sk"t.'EN_,THOtlSA11D
<br />.----SEVEN HUNDRED_TEN AND, NO/lOG---- -----,--------------Dollars (liS W. 37,710. Q0 _. )
<br />payable ers provided in a note executed and delivered, concurrenth• here With, the final payment of principal,
<br />if not sooner paid, an the. lst day of :a~tetrber itr'ly .
<br />ITNlrflRhl t'Oi'FNANTB. BOTfaWer and I,endeT Covenant and s;;rrer a.± fallgws:
<br />1. Payment of Principal and lnterast. liortYawer she[! promptly pa}' N'hen due the prinrilwl of and in-
<br />terest on the indatatedness evidenced 1»• the Note, prat>~+smk~nt and late charges a+ provided in the Note,
<br />and the principal of and iatettst on any Future Advam+•+ secureni by this ~~Tortgage.
<br />2. Funds for Taxes and Insurance. Suhiet•t to Lc~ndei~ caption under laaragrnphs ~ and `, herfvaL Bor-
<br />mwer shall pa}•to f,ender an the day month!}~ installnceatts of prine°itwl anf.t interest are payable under the
<br />Note, until the Note ix paid i?t full, a +um (herein "Funds"t cvtual to one-eWelith of the yearly taxes oriel
<br />assessments which may attain priority aver thi ;ttart.gage, and ground rents on thc: Ftnperty, if any plug
<br />uric-twelfth of yearly premium installments tar hafard ini;urancr, plus one-twelfth of yearly premium in-
<br />stallments for mortgage insurance, if env, all as reasonably r~.timatec! ittitiall}• and from tints to tune by
<br />Lander on fire basis of amt hzmetsts rind hills and t~:sanalaie astimat~ theretaf, Letrdnr altall atrpi}° the ruttd,
<br />to pay said taxes. assa_ssmants, insurance 1>remiunts and gn?~uttd rettts, Ia nficr shall nooks nn charge far ;ca
<br />balding and applying the Funds ar verifying ancj ccampiling saki aasta?sments anti bil-s. 'i"he bander shalt
<br />lrive to the Borrower, withoat charge, an annual accounting of the Funds showing ct+edits and debits to the
<br />Funds and the purpose far which each debit tea the Funds wait triode. The Funals are pledged as additional
<br />security for the sums secured by t}ti.9 Mortgage. Thy Borrower agrees that the Funds may tea held by the
<br />Lander and commingled with other foods and the Lender's awn funds and the La~ttder may pay sorb items
<br />from its own #unds and the L-ender shall not be liable #ar interest or dividends can such Funds,
<br />Tf the amount of the Funds held by Lender, together with the futum monthly installments of Funds
<br />payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required to pay said taxes, essassments, insurance premiums and ground rents as they fall due,
<br />such excess shall he, at Borrox~ar's option, either promptly repaid to Harrower or credited to Borrower nn
<br />monthly installments of Funds. If the amount of the Funds bald by Lander shall not be sufficient to pay
<br />taxes, assessments, insurance gramiums and grcttmd rents as they fall due, Borrower shall pay to Lander
<br />any etttount necessary to n2ske up the dafi~;eney within thirty days after notice from Lender to Borrower
<br />requesting payment thereof, or Sarrnwer shall, by an inr~•e~ in monthly inst€dlments of Funds required,
<br />repay the deficiency within the Fund a~euntittg period.
<br />l?pon payment in full of all sums secured by this Mortgage, Lender ~a.all apply Funds held as a credit
<br />against all sums due.
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