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<br />INDIVIDUAL
<br />DUE ON SALE
<br />~~~~ OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />~ ~t~ FDRM ND. 720-474
<br />~~"~ Loan Number____ 4313b-______1_8_8_-___1_ _
<br />Type 8~an[M1
<br />79-- ~3t3~9~(~ Ni O R ~" C A G E
<br />THIS ?iIORTGAGF., made and executed this -.......1L._.._._....-.-. day of ..._._.Se~tembex-..__.... A.D.,
<br />19_.7Q.., between the Mortgagor, ..-..Howard _Megoden_~nd__Marilyn..Megordenx_,husband_~nd,,,,,,,,,,,,,,
<br />wife, jointly and each in their own right ..,.__.... - ---------
<br />of .-_._-Grand Island ,County of Hall ,State of ...Nebraska,...., hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />Wt T That the said Borrower for and in consideration of the sum of TEN THOUSAND
<br />~CS~b/N1-00 ----.-... - -
<br />---°-------°----------------------- 10 000 00
<br />.._..-)
<br />paid by said Lender, does hereby mortgage, grant and conve to Lender, its successors and assigns; the
<br />following described property located in the County of ._,Hal1y ,State of Nebraska:
<br />Lot One (1}, Block Six (6), in Country Club Subdivision, being a part of the East
<br />vnE°°-Half of the Northwest 4uarter (E'~NW) of Section 28, Township II North,
<br />Fz€rtge 4 West of the bth P.M., Hall County, Nebraska
<br />Ta,erttea with all the improvements now or hereafter arected 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. Lereafter attached to the property, all of which, including replace-
<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 (or the leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "`Property".
<br />$orrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br />warrant and defend generally the title to the. Property against all claims and demands, subject to any
<br />easerttents and ret:trietions listed in a sehcxlule of exceptions to coverage in any title insurance policy in-
<br />uring l.rmdtr's interest in the Property, oe (?) attorney's opinian of iitIe from al~.4tract of title e~rtifted
<br />by tR,n#fed abstracter.
<br />I'RrJYIlll:D ALWAYS; and these oreSenrS ~e e3et•utFd nnel deli~~gr.a.l ~,tmn tf€e faltnwing senditin;~, ~°-''=p-
<br />men[s mend ohhgations of the Borrower, to-wit:
<br />The Rarrower agrees to pay to the Lender, or order, [fie nrineipal sum of TEN T110US~iNk A.~lI1.._-- . -.
<br />N0/100 ---------------•----•---------------------•f1cdlars #t'S w 14,OQ0.00 l
<br />a}ahle as provided in a note executed and delivered, concurren[1}• hemw-ith, thr• final pati•ment of prinr•ipal,
<br />if not s[xrner Maid, an the . S,st . day of ~ ep~hc:r . 1'.#~
<br />I?hrrostt t':~vr:~:gvt~. Borrower and Ixnlrr covenant rand agree as follows
<br />i. Paytnent Qt PriDCipal and Interest. Borrower she€Il promptly lu€y when due the princi~tf of and in=
<br />feresi. on th€~ indebtedness evidenced by the \ote, prefeayment and late charges as f>nn•ided in the Note,
<br />and the princilx€i of anti interest en an}• Futucc Advarr-e°~ secured by this Mortgage.
<br />2. Funds for X'axes and ltxs€urance. Subject to Lender's option undet• paragrnphs -1 and 5 hemof, Bor-
<br />rower shall Ir<~1' tzx Linder an the day ntontltly h)stallnen[svf principal and interest are pa}'able under the
<br />Note, until tlu• tintr ig paid in full, a sum #herein "Farads") equal to one-twelfth of the yearly taxis and
<br />assessments which n€aa} attain priarity over ktris Irtartgage, and ground rents on rho Property, it any plus
<br />ane-twelfth of yearly pretnium installments for hazard insurance, plus one twelfth of yearly premium m=
<br />stallment for mortiage insurance, if anc•, all as reasnnabl}• €~vNmated initially and from tune to time by
<br />I~r der nn thu l-vf;~ ;;E~.~~.---Rl.- ~ .-1 F' s.. a~ 1 r
<br />- - -- ~ .- ur:~, ~<l~ x ;~ ~,~ hle =~ttmt;ts-€ thorr~f .h~ndirhall apply tho : undi<
<br />t!) pay satd tr€x~, as.~~irt enfs, insurance pr~miun€s and ground rents. I.end~~r shall make na charge for so
<br />hhalding and applying the Funds or verifying and compiling said assaayments and bills. The Londer shall
<br />give to the harrower, without charge, an annual accounting of the Funds sttowfng credits and debits to the
<br />Futtds and the purposo for which each debit to the Funds was made. The Fund.4 are pla+dged as additional
<br />security for the sutras secured by this lvfartgage. The Borrower agrees that the Funds may be held by the
<br />Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br />from its own funds and the Lender shaII not be liable for irttett~st or dividends on such Funds.
<br />If the amount of the ;',ands held by Lender, together with the future monthly installments of Funds
<br />• payable prior to the duo dates of rases, assessments, insurtutee premiums and ground rents, shall exceed
<br />the amount required to pay said taxes, assessments, insurance premiums and grcund rents as they fall due,
<br />such excess shall be, at Borrower`s option, either promptly re and to Borrower or credited to Borrower an
<br />monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes, assessments, insurance premiums sad ground rents as then fall due, Borrower shall pay to Lender
<br />any amount necessary to make up the defiraencv within thirty days after notice from Lender to Borrower
<br />requesting payment thereof, or Borrower shall, by an ittcrease in monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />Upon payment in full of all sums secured by this Mortgage, Lender ShRU apply Funds held as a credit
<br />against all sums due.
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