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<br />fNDIVIDt.iAL
<br />~l~t ~~ DUB ON SALT"
<br />R;l~""' ~ ~~~' OP~'10NAL Fi9TiJl~E ADVANCES
<br />SAVINGS IFUND
<br />~~+~ FaaM tVO. 72U-479
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<br />~`~"~'~ Coen Numhar___42751 - 188
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<br />Typ~ B,an[h
<br />79~- ~ M O R T G A G E
<br />THIS MORTGAGE, made and executed this ..__......?tl...._....... day of .~,~..~,,.,C•e~,_-,_.._.._ A.D.,
<br />Richard R. Quinn and Nara C. Quinn, kEtsband and
<br />19. ~ --- between the lbfortgagor, - : -......._.._ -.. _ ......_..__ ... _ -. -._... ... - - _..._._...-
<br />~wii:e, jointly and each in their awn right, ----------------------------
<br />Grand Island Hall ,State of .Nebraska ,hereinafter referred
<br />of ._.__-.__.._ ................_....., County of .......-.....___._...-
<br />to as the Borrower, and the Mcrt.gagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINC'OLAT, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and a~cigns, hereinafter refereed to
<br />as Lender.
<br />WrTx>rsss~rx: That. the said Borrower for and in consideration of the sum of ..FORTY- SIX.'1'ffOUSAND
<br />-FIGHT HUNDRED AND NO/100_------------------------. Dollars (US B..(±6,.,-80(1_.00........_..........)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; +.he
<br />following described property located in the County of .............. Hall._ ,State of Nebraska:
<br />The Easterly Seven (7), feet ~f Lot Sixteen (16), and all of Lot Fifteen (15),
<br />Block One (1), in Pleasant View Fourth Addition to the city of Grand Island,
<br />Hall County, Nebraska
<br />Ttx•,erxEx with all the improvements now or hereafter erected ot, the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stock, and all fixtures now ar hereafter 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 alt of the foregoing, together with said property (or the leasehold estate in the event this
<br />Mortgage is on a leasehold} acs herein referred to as the "Property".
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to martgaga, 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 />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance palic}= in-
<br />suring Lender's interest in the Properly, or (?} attorney`s apinian of title from abstract of title certified
<br />by handed abstracter.
<br />Paovtt}t•=u AuwnYS, and these pxesents are executed and delivered upon the foll,~wing canditions, agree-
<br />a:sents anti bbiigatians of the :~arrawer, to-wit:
<br />The I3nrraw?r agrees to puv tv the ixnder, or order, tl;e p neipal sutra of ...F~RTY._S~?C.,T(~L?5,: -..
<br />.-...EIGHT HUNDRED-_AND NO%100.---- - ----- --_---- ----.Dollars (L'S 8-4.6x8t1Q,.00, -.------ )
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not. loaner paid, on the . ..Fi.rst -.. -_. day of ._..- . October.,.-_- ,- .. _. , ~}C_2009
<br />Urvtroenf Cove*tax•rs. Borrower and Lender covenant- and agree as follows
<br />1. Pagment of Principal trod Interest. Borrower shat! promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in t-he Nate,
<br />and the principal of and interest an any Future Advances secured by this 'ltvrtgage.
<br />2. F,utds for Taxes rmd Insurance. Subject to Lt ncier's option under paragraphs 4 and 5 hertrf, Bor-
<br />rntver shall pay io Lender on the clay rnanlh!}•tnstallmatits of principal and interest are payable under the
<br />Nete, until tl.c= Nc,te is paid in full, a sum (herein "Funds"1 equal to one-twelfth of the yearly taxes and
<br />asst=use nent~: which may attain prarity aver this 4ortgage, and ground rents on the Property, if tuty plus
<br />one-twelfth of yearly premium installment:; for hazard insurance, plus ane-twelfth of yearly premium in-
<br />stallments for mortgage insurance, if any, all as reasonably estimated initially and from tfine to time by
<br />Lender on thi• !calls of assessments and bills and reasonable estimates thereat, Lender shall apply the Funds
<br />I-sy tux ~€zamients, in~.ur-anc-e pretiums and graund rents. Lender sha}1 make no charge for sa
<br />hauling ,cud appcycng the FuntLs ar verifying anti concpiling said assess*.nents and bills. The Lender shall
<br />give f~3 the Barrawer, without charge, an annual accounting of the Funds showing credits and debits to the
<br />Funds and the purpose far which each debit to the Funds was made. The Funds are plrclged as additional
<br />- security far the sums secured by this lblartgage. ,The Borrower agrees chat the Funds may he held by the
<br />Lender and commingled with other funds and the Lender's own funds and the Lender rosy pay such items
<br />#rom its awn funds and the Lender shall not be liable for interest or dividends an such Funds.
<br />If the amount of the Funds held ;y Lender, together with the future monthly installments of Funds
<br />,payable prior to the due dates of taxes; assessments, insurance premiums and ground rents, shall exceed
<br />the amount regtired to pay said taaea, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by Lender shall net be sufficient to pay
<br />taxes, assessments, insurance rsremiurns and turd rants as they fall due, Harrower shall pay to Lender
<br />any amount necessary to tnake up the defi~ncy within thirty days after notice tram Lander tv Harrower
<br />requesting payment thereof, or Harrower shall, by an increase in month!}~ installments oI Funds required,
<br />repay the deficiency within the Fund acco,;nti.^.g ,;,.clod.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall appk• ?unds held as a credit.
<br />against all sums due.
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