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°"~ INaiviDUAI_ ,~,~ .~ Di9E ON SAI..ir, ~~~ ~ OP?iONA[. FU-€Uftir ADVANCES - SAVINGS FUND ~~` FORM No. 726-474 ~s~ Loan Nurrber__ 42$38 - 18_8_- -~ 1 _______ TYDe _____Sianch 79--• ~~~ M O !~ T G A G E THIS ~40RTGAGE, made and executed this ._....2Q..-..-..._......... day of ... S.zptemhex.._ ............. A.D., 19...... ~'~ between the Mortgagor, .-.IIanl.el-.D..._Rotk,--~.single-.p-erson,_.an,3..3hauua..D.....Eox,..........-- .......-a_si:rgle..P.erSa?i>---gu._tei[wits.-iA..-~RmRtOR.-..--rr.---c.----r.---°r-----------.---------------- - of ...Grand., Island., .__.-.-, County of ......_..-.Hs,IL......._......-., State of .--Ne1»xaska___., hereinafter referred to as the Harrower, 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. W[TNESSETH: That the said Borrower for and in consideration of the sum of .TWENTY..SEVEN-_T~QUSAND ,......ONE HUNDRED AND NO/100 --------------------------.Dollars (US $.27,,100._04..---,.-.-----...-.) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the following described property located in the County of ._-..._.._ Hall_ .. --.___ - .,,--, State of Nebraska: Lot Eight (b) Block Eleven (11) Gilbert's Second Addition to the city of Grand Island, Hall County, Nebraska TacETxea with ail the improvements now or hereafter enacted on the property, and all easements, 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 reptaee- ments and additions thereto, shall be deemed to be and remain a part of the property covered by this 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 referred to as the "Property". Borrower covenants that $orrower 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 [~strctions listed in a schedule of exceptions to coverage in any title insurance policy in- suring Lender's interest in the Property, or (?) attorney's opinion of title from abstract of title certified by bonded abstracter. Pacrv[nra[r AI.wAYS, and these presents are executed and delivered upon the following conditions, agree- ~nents a~+d ahiia:~tionh of the Borrower, to-w•it: Q Harrower ~ t ,. •- ,o the Lancer, or order, rho prineipal sung a# . T~N~ SEVEN. T!1Ut15A,ND - - }~ q -- . .. .....:: .....ONE HUNDRED wD NDf 1" ---------~----------------- 27 1U0.OU .........._ ................._........._...__......-..-_...__ _ ____ ,...Dollars (tiS $._._>..._....____....... -..... ) payable ss provided in a note executed and delivered, concurrently herewitfi, the final payment of principal, if not, sooner paid. on the .._- _..~s. t...-...,- day of ....Q~t-4ber- .._ .._...._...._.. ~..2s~9'a UNIFORM CovexnxTS. Borrower and Lender covenant and agree as follows: I. Payment of Principal and Interest. $nrrower shall promptly pay when due the principal of and in- terost an the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances seeureci by this Atartgage. 2. Funds for taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor- n>wer shall pay io Lender on the day monthly installments of principal and interest are payable under thn ?dote, until the 1Vaie is paid in full, a s[m~ (herein "Funds") squat to one-twelfth of the yearly taxes and assessments which may ttttain priority over this A•Tort.gage, and ground rants on the Property, if any plus one-twelfth of yearly premium installments far hazard insurance, plus one-twelfth of yearly prerzrium in- stallments for mortgage insurnnce, if any, all as reasonably intimated initially and from time to time by I~nder on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds to pay said Luxe:;, assessmsnts, insurance prrtniurtis and ground rents, bender shall snake na eharg~ fc~r sn holding and applying the Funds nr verifying and compiling said as.sE~csmHnt+ and hilts, The Lendsr shall give to the Borrower, without charge, an annual accrounting of the Funds showing credits and debits to the - - Funds and the purpose far which each debit to the Funds rues made. The Funds are pledged as additional ~x:urity for the sums secured by this Mortgage. The Harrower agrees that the Funds may be held by the Lender and commingled with other funds and the Lender's owm funds and the Lender may pay such rtems - fmm its own #unds and the Lender shall not tee 1rable for interest or dividends on such Funds. If the amount of the Funds helm by Lender, together with the future monthly installments of Funds ;payable prior to the due dates of lanes, assessments, insurance premiums and ground rentq, shall exceed the amount required to pay said taxes, assessments, insurance premiums and ground rent.4 as they fall due, - such excess shall be, at Borrower's option, either prompl'.y repaid to Borrower. or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by Lender shall not be sutl"icient to pay taxes, assessments, insurance premiums and ground r~nL? as they fail due, Borrower shall pay to Lender - any amount necinsary to make up the d~ciency withi<*r thirty days after native from Lender to Borrower requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required. repay the deficiency within the Fund accountiarg period, Upon payment in full of all sums secured by this Mortgage, Lender shall ap+'y Funds held as a credit against all sums due.