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INiSIVis3UAL UUi= ON SALE t7PT!{3NAL FUTUF2E 'At7VAt~lt.^,£S FGRMiNp.S f=UND ~ g" 7ZG-479 ~.i r Loan Number_ 43083 ___-_i„9g _ ~ ~ >o~ a.antn ``'~ 79•~= ~$;~~~55 M O R T G A G E THIS MORTGAGE, made and executed this ....._14-.......-__...... day of Segt~anbes ................._ A.D., 19-7r..-.., taetween the Mortgagor, .._...&ichard_L...F.ranch.and_Janice.K_..Fraueti,..-husband,-aad---~--- .......~#.£~.. -,jsziatlk-_and..Bach._~n...t:htar...Qxm..xi.Sht .. ................................._...... -....- ._...--- -- ---- -- .......... of __GY'and_Ls],and..._.-..-._, County of ......- ._.Hall....._........., State of _...llehraaka.._, hereinafter referred to as the Borrower, and the D4ortgagee, FIRST FLIJERAL SAVINGS AND LOAN ASSOCIATION OF ' LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. WITNE5SETH: That the said Borrower for and in consideration of the sum ofTIIIATX..THFi.EE..THQUSAND Al`1j?. Not.100--.-----.--r---------------c--.--rr-r..---err..----Dollars (US $.........3.3.,oan...aa------.-.-.) paid by said Lender, .t^°r hereby mortgage, grant and convey to Lender, its successors and assigns; the following described property located in the County of ..._.....__Ha-11 ...................... Mate of Nehraska: Lot Nine (9), Valley View Third Subdivision, in the city of Grand Island, Aall County, Nebraska Toc;rxxea with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and ail 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 coveted by thin b'tartgage; and all of the foregoing, together with said property (or the leasehold estate in the event This Mortgage is on a leasehold) are herein referred 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 generally the title to the Property against all claims and demands, subject to any easements and r€:Strictions listed in a schedule of exceptions to coverage in env title insurance policy in- curing Lender's interessi in the Property, or (2) attorney's opinion of title from abstract of title !~artifi¢d by bonded abstracter. Pa€tyso~:t= Ai.w<avY; and th€ prints a:re executed and €lelivei~€t upon the fvlloeving mndit3ors, ag±~ menu grid ~=ttil;;3tians of the Barron°~r, tc~=v:it: ~~_.. The ",.'~ ~:~ - _ try ,.~, tt,r Lencaer, or order, the principal sum €it - ~-~= ~ d~ ~~•:"~' a?~I# NLiltgn_ __ ~._._ ..W ~~......_F~=_~ _. :...._.. _.._,- __.._ . _, -- '~7oIIrirs tt`S y.. .. 3r,~a3Q i payable as prcivideti in a note executed an€1 delivered, concurrent-ty har€•with, the final ix+yznunt of lrincipal, if not sooner paid, on the -..l.st - .. . day of -..-.October pg€ 209 Ilxtiroirtii Covi;xavrti. Borrower and Lender cavenani and agree as follows 1. Payment of Principal and Interest. Borrower vhstll laroniptly pay when clue the principwl crf and in- terast on rho indebtedness evidenced by khe Note3, prepayment and late charges as provided ni the Noto, and the principal of and interest on any Future Advanre~s secured by this htartgat;e. 2. Funds for Taxes and Insurance. Suhjc~•t to Le•nder's option under paragraphs q an€1 n lier,•e~f, Bor- mw'er shall pay to Lender on the day monthly installments of principal :tad interest an* payable under the Note, until the Nui.e is paid in full, a sum therein "Funds") equal to one-twelfNi of th+^ yearly taxes and assexstnents whi. h may attain priority over tliix 141urtgage, and ground rrnt4 ail the Pml~rty, if any phis erne-tivelfttz cif yearly }ire:niium installments ;or lia~ard insurani-ir, plus one-€ivelfth of yearly preniium in- stailtnents for [nartgage ir>_SUmnce, if env, a-i :is reasc>irattly estimated initially and from tithe ko tixne by Lender on the basis of as.~ssmeants and hills and r€sasanable eatiinates thereat, Leander shall apply the Funds i ixi pat wile: taxes a4•iessments, insurance premitinis and f;round rents I,endee ,halt make na charge for ya , , holding nd a.~~tttt-+,; t!?e ~' ~r:ds- nr vor~fyL-;,~ an,;l ~~inf~iling :girl aa:~ ~ir~rt.~ an=1 }ril@x. ':'tom -t,;~n«=:gr shall ' dive tct the El,asrowaa>, without chars€, an a;e.nual a~caunting of rho Funds shr,ty~ir~sg_ c~€lits and datrits tai the cunds and rho pnrposo for which each debit to the Funds was meals. The Fundi~ lire pie€iged as additional sac,+urity for Lhe swna seeurnd by this Mortgage. 'Che Borrower agrees that thet Funds tna~ he held by t.lta Lender and cxrmmingIed with e~thet funds and thg Leridcr's own funds and the Lender may pay such iteuris fiorri-its own funds and the Lender shalt not be liable for interest or dividends on such 1`unds. ~„ - - If the amount of fire-Funds held by Lender: tarethar with the future monthly installments of Funds .sayable poor to the -due dates of tease, assessments. insurance premiums and ground rer,t,9, shall exceed the amount required to pay said taxes, assessments, insurance prremiums and ground rents as they fall doe, such excros aliall I.,e, at .Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. I.f the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender - any amount necessary to rooks up the de&ciency within thirty days after holies from Lender to Borrciwe< requesting payment thereof, or Borrnwat obeli, by an increase in monthly installments of Funds required, repay the deficiency within the Fund accounting period. upon payment in hill of all sums seci_r?d lay this P!Fortgage, Lender shall apnly Funds held as a credit against. all sums due.