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_'""!~ INDIVIDUAL DUE ON SALE OPTIONAL FUTURE ADVANCES SAVINGS FUND ~ i~,~ Foam No. 720-479 Loan Number_ 43223___-_ 194_-_ 1 ' TYOe 8r.,nch 79-- ~~~9~~~ M `J R T G A G E THIS MORTGAGE, made and executed this .. __._1D...._.__..-.. day of ..~F'~^r~'`.~ ............._ A.D., 19_74.-, between the Mortgagor, .Ma.-chaeZ...t;,.-.Leggett-.and.-B..ettx..K.._Leggott.,...husband.and..7aife, _jaint.),y.-and..eaclt..>,a_.thNiz...ovrn..xighx.,..._......._. - -- - ...............__..._.._.........-..-.. - - - -- - --- ~- of -_Grand,_Islagd_-._..-., County of ........1Ia17..___.....___.., State of .Nehras.ka -_._. ,hereinafter referred to as the Borrower, and the Ivtortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF , LINCOLN, 1238 "N" Streei, Lincoln, Nebraslta 68501, its successors and assigns, hereinafter referred to as Lender. ~V[z'xssssTx: That the said Borrower for and in consideration of the sum of SIX. THOJSAND AND _.... - NC/100°-----°---------------------------------°-----Dollars (US $..6.:000,.00.......-..- ...........) paid by said Lander, does hereby mortgage, grant and convey to Lender, its successors and assigns; the following descri'tiecl property located in the County of ._-_.... VHall ,State of Nebraska: Lot i'hi-rty-seven (37) Capital HeSghts 7tlx Subdivision, Ha1I County, Nebraska Toc;eTxea with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, rayaltie-s, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures now or h_ ereafter attached to the property, all of which, including replace- menu and additions thereto, shall be deemed io be and remain a part of the property covered by this Mortgage; and all a# the faregoinp„ together with said property (or the leasehold estate in the event this Mori gage is on a leasehold) are herein referred to as the "Propert-y". Borrower covenants that Borrower is Lawfully seised of the estate hereby cronveyed end has the right 3 to mortgage, grant and convey the Property, that the Property is unencumbered, and that Barrower will warrant and defend generally the title to the Property agaitvt. all claims and dernan$s, subject to any ea.<atu~nta and restrictions ISsted in a uheduie of exceptions to coverage in any title insuranc~a policy in- - surinF lnnder'.3 interest in the Pre~rty. a. t?) attorney's opinion of title from abstract of title c~rtided _ by Ix_.nd~l abate-artrr, - I'aovtut:a Ae.w,~ys, and These presents are executed and delivered upon the following canditivns, agree*- ment and obi s,tians of the Barrower, to-wit: Thee Barrower agrees to pa}~ to the Lander, or order, the principal sum of -SI.X TN()ISSANII--AND. Np/ IQO- ...,..r<.,n.,r-...,.~,, ...---- ------___-.-... - - -..-- - ,,,,~_.----Dollars (1~S u-b,.QOQ.AO _...... _ _) payable es pro~•ided in a note executed and delivered, concurrently herewith, the final Iaayment of principal, if not. sooner p;iid, on the first- day of --September ,-, lad) Uxttuttat C't)t'F:NAN'r:~. Borrower and Lender covenant and agree as fellows: ~3 I. Papment of Principal and Interest. Borrower shat! promptly pay when due the trincipal vt and in- a tercet an the indebt+rdness evidcnceci by the M1atE, pre}payment and late chargPS as prcni~l,~,t in the Nate, i;nci the print}ail of arid interest an any Future Advances secueeci ny° this Mortgage. 7.. Funds for Taxea and ln,curanee, Subject to bender's option under paragraphs ~t and 5 hensaf, Bar- rawer shall pay to l:e=nder on the day monthly installments of principal amd intereaC are iayaiate under the - Notre, until the Note is paid in full, n sum (lserein "Funds") equal to one-twelfth of the yearip• taxes and i as_sessment~ which may attain priority aver this tifortgage, and ground rants on the I'raperty, if any plus '1 ape-twetFth of ,yearly premiurn installments For hazard insurance, plus one-twelfth of yearly premium in- ataliments for mortgage insurnnce, if any, all as reasonably eKtimated initially and from time- to time by ' _ I~ndar on t_he basis of ~~sossmant-s end hi1Land r~9e,3?tah!e aALimtlt+~c iherra?f. Linde-r sh?Ii apply the Funds to pay said taxes, asses-smcnty, insurance pn~rmiunuQ anct ground rents. Lerndt~r shall make no-charge fnr +ci halrling and applying the Funds or verifying and compiling said asse~csmencs and bills, 1'he Lender ahail Rriva to the Borrower, without charge, an annual acrnunting of the Fonds showing credits and debits to the - Funds and the purpose #or which each debit to the Funds wac made. The Ftmds are pledged as additional security far the sums secured by this hlartgage. 'The Barrower agrees that the Funds nosy be hard by the ' Lender and conuningled with other #ands and the Lender's own funds and the Lender may pay such items form i~a awn funds and the Lender shall pat be liablo for interest or dividends an such Fiords. If the amount of the ;rands held by Lender, together with the future monthly instaUmertts of Funds payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shalt exceed 'the amount required to pay said taxes, assessmcnte, insurance premiums and ground rants as they fall due, such excess shall bo, at Borrower's option, either promptly re d to Barrower or credited ttr Borrower on monthly installments of Funds. ## the amount of the Funds held by Lender shall not be sufCtcient to pay taxes, assessments, insurance premiu[ns and ground rents as they tali due, Borrower shalt pay to Lender any amount necessary to make up the deficiency wittvn thirty days after notice from Lertder to Borrower rnquesting payment thereof, nr Barrower shall, by an increase in monthly installments of Funds required, repay the defsciency witl[in the Fund accounting peeled. L.Ipon payment in full of all sums secured by this Mortgage, bender shall apply Funds held as a credit against sll sums due.