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.~ _. ~ ..:>r INDIVIDUAL DUE ON SALE ~$~'~' O?TIONAL FUTURE ADVANCES SAVINGS FUND ^ ~ ~~. Fo~M Nn. 72e-479 - (,~, Loan Number. 431_82______88_____I_.__ Tree a.a~cn 79-e (~~St9~~ iVlOR~GAGE THIS MORTGAGE, made and executed this -.....-._.. /D -..-._..... day of ....September..,.-__-,__,., A,D,~ 19.. ,between the Mortgagor, William M__. Harness and__ Barbax@_J ,Harness _,ttusbattd_-~tlil._,._ wife, jointly and each in their own right.t... .... of -- .-Grand_Island ,County of ........Hall.. __-__...... ,State of .--Nebraska. -_._, 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. t~'rrvesse•rx: That the said Borrower for and in consideration of the sum of _THIRTY_SEHEN..THOUSAND $TX, HU19DRED_.AIVD.,NO/100-----.----------------.-.-------r. r.Dollars (US S..3Z,b00,.00_... _. - -------} paid by said Lenrier, does hereby mortgage, grant and convey to Lender, its successors and assigns; the following described property located in the County of ..........Had.l......_.......-.. _-.., State of Nebraska: Lot Nine (4) in Island Acres No. 7 a Subdivision of part of Fractional Section Seven (?) part of the West Half of the West Half (Wt-~Wt-~) of Section Eight (8) and aprc cf t Traenty-four (24) Island Acres, ail in Township Eleven (2I} North, Range Nine (9) West of the bth P.M., in the city of Grand Island, Hall County, Nebraska Toc:ETx~:a with ail the improvements now or hereafter erected on the property, and all ea.~rments, 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, shaII be deemed to be and remain a part of the property coveted by thin Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this Mortgage is on a leasehold) are herein refereed to as the "Property". Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant. and convey the Property, that the Property° is unencumbered, and that Borrower will warrant and defend generafiy the title to the Property against all claims and demands, subject to any easements and restrictions listed in a schedule of exceptions io coverage in any title insurance policy in- suring I,enr!er'- interest in the I';-opc-rt, or i") attorney's opinion of title fhni abstract of title ceritift€rl _ - by 1_x}nded ahstrac~t~~r. I'ttovtueo A[.w.~rs, noel These presenis are exc~uted and delivered upon the fuliawirtg cY,nditiotrs, at€~- meats and obhgaticm~ of the Borrower, ta-evil.: The Borrower u• r~v.~s to pay to the bender, ar order, the principal sum of THIRTY S£VEN THQUSAEv'D. SIX HUNDRED AND ~0/100-------- ----------- "' - -----°'.Dollars (t'S,3?,fi00.00 ) pavahle as provided in a note executed and delivered, cent uerenti>' hen'with, the final payment of princilutF, tf not sooner paid, on the _ - 1_ t• - day of ..... - s _ =3egte~cber - ' .-~n`a ~OOcj UxtFax±;t Coc t;rv:irtrs. Borrower and L,:nder covenant and agree as follow:: 1. Payment of Principal and Interest Borrower shall pzutnptiy pay whoa due the print°i;~:tl caf and in- terest oa the indebtedne,w erideneed by the Nate, prelcryment and late charges as providc~zl in the ':vote, and the Irincipal cf and interost on any Futtam Advances scwurec't b}• this ?l~lortgage. 2. Funds for 'faxes and Insurance. Sot>jck•t to bender'. option antler paragraphs •4 and 5 hert~c,f, Bcrr- rowcr shall pav to Lender an tY~ day nwnthly insta8tuents of principat and interest an payable ctnrte-r the Note, until the Note is paid in tali, a sum therein "Funds") crfrmt to one-twelfth of the yearly taxes and assessments which Wray attain priority over this Mortgage, and ground rents on the Property, if any phis one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in- stallments for mortgage insurance, if env, all as reasonably estimated initially and from tinge to tune by GrndYr ,m the basis of assessmentK aFd l,llls and ru~arraf,lo =•stint,t~ tharo+~.f, under Shall apply thr Fuzti=s t+cr pay said taxes, s:taessrnents, insurance premiums and gmu:nl ra=nts. Linder shall make nn charge far ;;o holding and app€ying the Funds or vtrifying grad compiling said asxrwsments and bills. The Lender afrall give to the Harrower, wrthaut charge, an annual accounting of the Funcls showing credits and debits kti the -_ -Fonda and the purgr~e #or which each debit to the Funds was made. The Funds are pledged as additfanal security far the sums secured by this Mortgage. The Borrower agrees that the Funds may bu held trv the Lender and catmningled with other #unds and the Lender's own funds and the Lender may pay such itertts from its oc,m funds and the Lender sha}I not be Liable for inten~st ar dividends an such Fonda. If the amount of the Fonda held by Lender, together with the future monthly insttnllmenis of Funds payable prior to the-due dates o£ taxes. assessments, insurance premiums and gronnd rents, shall exceed ' the amount required to pay said taxes, asserssment.9, insurance premiums and ground ants sa they fall dur, such excess shall be, at Borrower"s option, either gmmptly repaid to Borrower or credited to Borrower on monthly installments a£ Funds, If the amount of the Funds held by Lender shell not be sufficient to pay taxes, tt~ctKSrztents; insuranice preminttm and ground rents as ttrev fair due, Harrower ~fl pay to Ixnder `:any att~ount necesvary t4 make up ttte deficienev wifihin thirty mays after notice from Lender to $ortnwer requesting payment thereof, or l3orrawer shall, by an increase in monthly instalttnenm of Funds required, rely t,e dsis'.icr.~y within the Fund accounting partied. Upon payment in full of all sums secured by this Mortgage, Lender sh^.:; apply Funds held as a credit against all sums due.