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INDIVIDUAL.
<br />DUE ON SALE
<br />O?TtONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FORM Np. 72¢479
<br />Loan Number__43025__= _t$$===__1__
<br />TYAe BrancM1
<br />79- ~;~;,,~i"d~~ Idl O R T G A G E
<br />THIS i+4ORTGAGE, made and executed this _. - ...7...._.. __....... day of - ...Septembex......__.-. - A.D.,
<br />19-...Z9_, between the Mortgagor, ._...Laurel-J... Larsen.and.Willard.R.._Larsen,_xi£e._and..hushand,
<br />- 19.£?4>=1Y...and..each-in-.their..own_right .................__.......-._-.-.......
<br />a _ _. ...._.. ......°- --
<br />of _._.Wood-.River,-...,_,-, County of _....Hall.__._______ ...-, State of _....Nebraska -, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SP.VINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 53501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WtTNesse'ra: That the said Borrower for and in consideration of the sum of .-._k'ORxX_7<HRFE_.'1•HOUSANB
<br />'; _.__TldA_HUNDRED.AND-.NO/100.-.-------rrr..-----.----.--------Dollars (US $--_.x,•.3...200-.QQ------_.___)
<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 ..........-Hall....._.........__....., State of Nebraska:
<br />A tract of land located in the Northeast Quarter (NE's) of Section 2G, Township 10 North,
<br />Range I2 West of the 6th P.M., Hall County, Nebraska and more particularly described
<br />- as follows: BeQinninQ at the Northeast corner of said Section 24; thence Sou [h 0°02'07"
<br />East along tl~ East line of said section 24 a distance of Three Hundred (300) feet; thence
<br />South 8~°5~'S3" West a distance of 159.96 feet to the ce:nt¢rline of the Wood River,
<br />_ Channel; thence following the centerline of the Wood River Channel South 14°17`33" East
<br />a distance of 138.27 feet; thence South 18°24'15" West a distance of 78.75 feet; thence
<br />South 74°42'40" West a distance of 144.44 feet;
<br />. SEE ATTACHED EXHIBIT "A"
<br />Tc><,ETxp_e vc~th all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenance, rents, royalties, minerat, oil and gas rights and profits, water, water righfi~, and
<br />- _ water stock, and all fixtures now ar hereafter attached to the property, all of which, including replace-
<br />s meets and additions thereto, shall be deemed to be and remain a part of the property ravened by this
<br />Mortgage; and ail 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 />Borrawer covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right.
<br />-- to mortgage, ®rant and convey the Properly, that the Pmgert.ti• .s unencumbered, and that Borrower will
<br />warrant a_nd defend generally the ztle to the Progeny against all r_laims and demands, subiect to any
<br />- easements attci rc>strictions listed in a schedule of exceptions to coverage in any title insursrtce policy in-
<br />surfing Lender's interest in the Proprrty, or t'?) attorney's opinion of tine: from abstract of title certified
<br />by b°nded ab::tractc~P.
<br />1'AOk''fDE::1 AC.;"fAYS, and tflt'`a'e preseltta are exeelrt£d and delivered upc:n. Cite fallawmg C4ndttkan~ agree'-
<br />-- IPent`.~ and ~1-11iekTilkn°, of T1tP Ilarrt~4: f'r, tO_s?-'it;
<br />- FORTY THREE. THt7LtEAND
<br />The Borrower agrees to pay w the Lender, or order, the principal sum of -.
<br />-.~.--__--_-__-_ , .. '+3.> 200 Dtl,
<br />_..._- .. TWO_HUND&ED-ANI1.N0/.100. ------- -_ ... -- . -llatlars (LAS ~ )
<br />payable as provided in a note executed and delivered, cesncurrently heretti~ih, the final payment of grinc~il>.al,
<br />", if not soarer paid, ot: the -.-ls ~. stay of -..- . - - September ~ 20Q9
<br />IlNtcua:~t Covr;x.aN•rs. Harrower and Lender covenant. and agree as follows
<br />1. Payment of Principal and lnt~arest. Rorrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment and late charges as ismvidedtn the Nate,
<br />and the principal of and interest on any Future Advances secured by this 'Aiortgstge.
<br />2. Funds for Taxos and Insurance, Subject. to Lender's option tinder paragraphs 4 and :~ hereof, Bor-
<br />rower shall pay to Lender on the day manthly instalLnents of principal and interest are payat,le under the
<br />Nate, uniif thr Note is paid in fail, a autn (herein "Funds") equal to one iwerlfth of the yearn tare.-, and
<br />asac~ments which may attain priuriiy over this Nkutgage, and ground repts an the Property, if any plus
<br />one-twelfth of yearly premium installments for hazard insurance, plus ane-twelfth of yearly premium in-
<br />stallmenks for mortgage insurance, if any, all as reas,mably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasanahle estimates thereof, Lender shall apply the Funds
<br />to pay aaizi tatter, as.=~K;smEntS, in,uranr;~ prsntiums and ground rents. L~zsder shall rt3akY na chsrg~ for vo
<br />balding and applying the Funds ur verifying and co,npiling said assessments artd Gilts. 'Phc Lander shall
<br />give Yu the Harrower, without charge, an annual accounting of the Funcls shawing ereclits and deFbiis to the
<br />Funds and the purpose for which each debit to the k'unds was made. The .Funds are pledged as additional
<br />security far the sums secured Gy this Mortgage. The I3armwer agrees that the Funds may be held by the
<br />Lender and commingled with .,then funds and the Lender's own funds and the Lender mny pay such items
<br />imm it.9 own #unds and the Lender shall not be liable for interest ar dividends on such Funds.
<br />If the amount of the Funds held by Lender, together with the future mm~thly installments of Funds
<br />payable prior to the due dates of taxes, assessments, insurance gremittm-a and ground rents, shall exceed
<br />`the amount required to pay said taxes, assessments, insurance premiums and ground rents as they falf due,
<br />such excess shalt be, at Bort'e+wer's option, either promptly repaid to Borrower or credited to Borrower an
<br />monthly instaIIments of Funds. If the amount of the Funds held by Lender shall not he sufficient to pay
<br />taxes, assessments, insurance premiums and ground r$nta as they fall due, Borrower shall pay to Lender
<br />any amount necessary to malts up rho docrcit:ney tedthin thizty days after notice from Lender to Borrower
<br />requesting payment thereof, or Borrower shall, by art increase in manthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period,
<br />Upon paymeni in tali of all sums secured by this Mortgage, Lender shalt apply Funds held as a credit
<br />against all sums due.
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