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1NDIVIDtiAL
<br />~~`~y-'~ DUE ~ON'SALE.
<br />79- ~t#:~~ M O !~ T G A G E
<br />t7PTIC)NAL P'I.tTUF2E ADVANCES
<br />SAVINGS FC1ND
<br />FORM NO. 720-479
<br />1_oan Nurnber___4$$9$__ _1$$__ __1__
<br />rrce e.ancn
<br />THIS MORTGAGE; made and executed this .__ ....oZ.L..._.-...._. day of ....~-~~E~_._...... A.D.,
<br />19-~~...., between the Mortgagor, ..Glenn-.R,-.-Bartli.ng-.and.-,Tang-,T_,,--$art-I ~ng,_..hushausl..and._Wife,
<br />.._jointly_aad_each_in._their- own_ right,__________
<br />of _,._Grand Island_________, County of .-.___--.. Hall„_._ _ __,__, State of .. Nebraska _--_.-, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />`VtTxFSSErx: That the said Borrower for and in consideration of the sum of .THIR?'Y_TWO-_THOLJ$AND
<br />SEVEN_HUNIlREA_.SEItENTY..FZ-VE_AATA..NO~1QQ------------------Dollars (US $.~2...ZZS..90._.---....... _....)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County oF _.........Hall_-__-____._-__---_-, State of Nebraska:
<br />Lot Four (4), Slack Sixteen (16) in Ashton Place an Addition to the city of
<br />Grand Island, fiall County, Nebraska
<br />TOGETHER with all the improvements now or hereafter erected ott 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 or 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 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 />Borrower 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 $orrower will
<br />warrant and defend generallti• the title to the Property against all claims and demands, subject to any
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance aofiicv in-
<br />suring Lender's interest in the Property, or (2j attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />Pttovcaeo ALtv~YS, and These presents are executed and delivered upon the fallowing conditions, agree-
<br />ment: and ol:1i„ations _:f tl:e Borrower, to•zvit:
<br />Ths Berrt~wer agrees to pa~• to the Lender, or order, the principal sum of --T}iIRTY,_ TWQ. TH©U$AIIP '.
<br />- Sii~Ety HUIrDEEr3- SEtiENTY FIVE AND-,NO/100.- ---- _--".-'~?oliars (L?S $. 32,77~,.OQ .............. }
<br />payable as provided in a note executes) and delivered, concurrently herewith, thc: final payment of principal,
<br />if not sooner paid, on the Pi.=&-t day of ..__.. 9ctQbe~ .............._ ..-., ~. 20Q9
<br />L'wrt~ta~t t't>ve*~as~rs. Borrower and Lender covenant and agree as fellows
<br />1. Payment of Principal and Interest. Borrower shs11 promptly laar• when due the principal of and in-
<br />tcreest- an the indebtedness evidenced by the '.Vote, prepayment and late charges as provided in the Note,
<br />and the principal of and interest on any Future Advancers secured by this Mortgage.
<br />2. Funds for 'Faxes and Insurance. Suhjert to L~>nder's option tzncler paragraphs 4 and 5 hereof, Bor-
<br />rower shall pay to Is'nder on the clay month)}~ installments of principal and interest are payable under the
<br />Note, until the Note is paid in full, a sum themin "Fund.;"~1 equal tt;e one-twelfth of the yearly taxes and
<br />assessmerrtc which may attain prlorit}• over this \lortaare, ant) groutrtll rent"•; on the Property, if any plus
<br />one-twelfth of yearly premium installments for haeard insurance, plus one-twelfth of yearly premium irt-
<br />stallments far mortgage insurance, if any, all as reas~tnably estimated initially and fmtn time to .time by
<br />Lender an the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />_ - to I~~~= °°-id tsxps ase.~ement~, in-arartco premiums and ground rants, I~nder shall makt no charge fur so
<br />12nlding and alrplyrng the Funds or verffting and camltiling said assossments and bills. The Lender shall
<br />give to the Borrower, wtithout charge, an annual accounting of the Furtds showing credits and debits to the
<br />Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additiottal
<br />security far the sums secured by this Mortgage. 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 Leader shall not be liable far interest or dividends an such Funds,
<br />If the amount of the Funds hctd by Lender, together with the future monthly installments of Funds
<br />-payable prior to the due dates a# taxes, assessments,. insurance premiums and ground rents, shall exceed
<br />-the amount required to pap said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall be, at Borrower's option, either promptly repaid to $orrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by bender shall not be sufficient to pay
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the doireiency within -the Fund accounting period.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall :,,ply Funds held as a credit
<br />against all sums due.
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