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~~ 79-~ ~i~~~~~6 INDIVIDUAL DUE ON SALE OPTIONAL FUTURE ADVANCES SAVIt:GS FUND PoRM No. Tao-479 Lose Number____42567_ 288 - 1 rYVe Brand M ®R T G A G E THIS MORTGAGE, made and executed this .... 7tb...__..._........ dayy of ......._.S.egtt:mbez___..__ A.D., 19..79..., between the Mortgagor, .__John E, Donnelly and Harriet M. Donnelly, husband ....... and wife, jointly and each in their own right, ----------------~______~__ .. . of Grand Island ,County of .-.....Hall ,State of _Nebraska ,hereinafter referred to as the Borrower, and the Mortgsgee, FIRST FEDERAL SAVINGS AND LOAM ASSOCIATION OF LINCOLN, 7235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. W"tTxESSSTx: That the said Borrower for and in consideration of the sum of ....T(Il•li'SX.. F.I4'iH.T..THOASAND ......,AND- raof10,0_~______________________~..__--c--..----r..~ollars (YTS 8.28,.QQQ..99.__.. ............) 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 Nebraska: Lot ~iVe (51- r.e utioh*_s Four*_h Subdivision, co~prisirg a part of the East One Half of ti;e Northwest Quarter {F3q NEtt} of Section 11, Township 11 North, Range 10 West at the 6th P,M., Hall County, Nebraska Toc;t;Trttia with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, miner~i. 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 Martgage; and all of the foregoing, together with said property (or the leasehold estate in the event this Mortgage is on a teasehofd) are herein refereed to as the "Properky". Borrower cavenants that Borrower is lawfully seised of the estate hereby c•trnveyed and has the right to mortgage, grant and convey the Property, that the Property is unencuntbemd, and t=hat Burrow€r will warrant and defend generally the title to [ha Property against all claims and demands, subject to any e~aetnents and restrictions listed in a schedule of exceptions !o coverage in any title insurance policy in- suring Lender's interest in tare Frop~rty, ar +,_) attnrneds opinion of title from alstract of title certibed Icy I?!?nsle<t absrra=rer u Fe:~vn:;=n At ~::~,.s, anti the5c : _.~=,~ns are e_=_eeuted _and dehvvred urn t::o f;;€-wing c~ ;a;ton~ agr- moots and obls~a'ions oI ti,e Bc,ztawe-, to•tsit-: The Bafrower agrc°es ro pay to the Lender, or order, the principat sum of Tk,TNTY EIGHT THOOSAND AND NO/ 100 28, (j(14. QO . ___... __ payable as provided in a note' executed and dEltvered, concurrently herewith, the final payment of principal, tf oat scxnrer paid, an the ? st- - -day of . --.. Septsember - .- zzf~<t1O) I7xt~?avt Cr>vr;v,wT,. Harrower and Lender coven=.ant arc! agree as faltows: _. Payrsrent of Prncipal and Interest. Borrower shall promptly pay when due the principal of and ins h;rei;t on the indebtednc~s evidenced by the Note, uretrwtnent tutd late charrc~z as provid~a itt the Note, and fhe principal of and interest on any Future Advances secured by this Aortgage. 2. Funds for Taxoa and lnsuranca. SuhjcK•t io Le:tcler'S option under paragraphs }and , ixereot. Hor- ni wer shall pay to Lender on the day monthly installments of principwl and huereat are lvtyal,le under Ilse Note, until the Nute Ls paid in full, :t sum therein "Fund; `} dual to one-ewrifth of the yearly taxes and assessments which mxy attain priority over this Mortgage, and ground rents an the Property, if any plus one-twelfth of yearly premium installments for hazard insuratnce, plus one-twelfth ttf yearly premium in- stallments for mortgage; insurance, if any, all as rease;nahly etinurted initially and frctttt tine= to tune b~• Le„der rn , e has s os` a;.-~er.:mcttnts and hills and reasanabie estimatas thereof. Cwmder sltali apply ttie Funds to pay aatd tatxes, assessments. insurance premiums and ground rentx. L+ndrr shall :take na charge for so holding and applying the Funds or verifying and compiling said as,>ossnrent.a and bills. The Lender shall give to the Borrower, without c}targe, an annual accounting of the Futtda showing credits and cletrit$ to tho - -Funds and the purposa for which each debit to the Funds was made. The Funrhs are pfodged as additional security for the sums secured by this Mortgage. The Borrower agrees that the Funds may ber held by the _- -- I.andor and cotntrtin~led with other funds and the Lender's owat funds and the Leader rosy pay such items -from its own funds and the Lender shall not be llahle for interest or dividends on such funds. If the amount of the Fu'.tda held by Lender, together with the future monthly installments of Funds payable priar to the dtie Batas of taxes, a~esaments, insurance premiums and ground rents, shall exceed ' the amount required to pay said fazes, assessments, insurance premiums and ground rents as they fall due, such. excess shall he, at Borrower's option, either promptly repaid to Borrower ar credited to Bortnwer on monthly installments -of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay fazes, assessments, insurance premiun-.s and ground rents as they fall due, Borrower shall pay to Lender any amount .*.-~essar;~ +, ;make up thz defieianvy within titfriy days after notice from Lender to l~orrowar requesting payment thereof, c,r Borrower shall, by art Wirer in nranthiy installments of Funds required, repay the deficiency within the Hl~nd ar^otr^_ting pgrind. I7pon payment in full of all sums secured by this Mortgage, Lender '.ell apply Funds held as a credit against all sums due.