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tftiDiFJfDt,iAi_ ,'~~;~ iau~ orN, s~.t.~ F1"" ~'--'S" arrrioN~r_ t~NJ'9`IJf1'E .~t~vary~s~s ~ SAViiVGS F"1JtVD ~~ FaaM No. 72O-t79 Loan Number__ 4212 __-x,$11___-_.~, __ TYCS Brach 79--.r ®#~~2~3 WI O R~ G A G E TI3IS MORTGAGE, made and executed this . _._ -~1~ ---_ ..._. day of .`~~~.--........_ A.D., 15-.~.-_, between the Mortgagor, .-Aanald. D....Padany..and.-,T..ynn..M.._Ps~.deny.,-..husband..and.._._-..-..-.-.. ..-.-wlge,_1oia.C.:.X.-and_eash.-~n_.kheiz...c?wn_szghk,,..---°-----cc----------.-----.-----.---- ------ of -_.---Grand.-Island--.-_, County of -_ __..11,11-..........._..-.., State of .....I1ehzaska..-.-, hereinafter referred to ss the Borrower, 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. WiTx>!sseTx: That the said Bo ower for and in consideration of the sum of _FORTY SEVEN THOUSAND - ------------ FOUR HUNDRED TWENTY EsND NO 100 ------------------ Dollars (US $-47 420.00 _-__-__) 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 -._ HaSl , State of Nebraska: Lot Three (3), Block Two (2), Fireside Estates Second Subdivision, Hall County, Nebraska TacFTxex with all the improvements now or hereafter erectsa~? on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil anTl gas rights and profits, water, water rights, and water stock, and all 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 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 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 restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified by banded abstracter. PaovtnFo A~w 4rs, and these presents a:-e executed and delivered open the following c~onditians, agree- ments and abligal.ions of the Borrower, to-u•it: The itlorrawer agrees to pay to the Lender, or order, the principal sum of ..E[7RTSC .SEVEN--~OUSAbTD- ----FOU& .HUAIDRED-TWEN-T-Y-.ANIl.-N0~1.00.---.-------------------.Dollars (US $.4.7.,-420-.00----._....._... ) payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, if not soarer paid, on the -.. First _....- .... day of ..OcCober.__.--. . ____ ....., ~ 20(14 - UNtr:oart Coveunrr•rs. Borrower and Lender covenant. and agree as follows: 1. Payment of Principal and Inieresl. Borrower shall promptly pay when due the principal of and in- terest an the indebtedness evicienred by the Hake, prepayment and late charges as provided in the Note, and the Irincipal of and intereask on any Future Advances secured by this Mortgage. 2. Funds fa Taxes and Insurance. Subject to Lender's option under paragrnphs 4 and 5 hereof. Bor- rower shall pay to Lender on the day monthly installments of principal and interest era payable under the Note, until the :vote is paid in full, a sunm (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority aver chic >Lortgage„ and ground rents on the Property, if any plus one-twetfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in- staliments for mortgage insurance, if env, all as reasonably estimated initially and from timr to time by Lender on the basis of assessments and bills anti n:asonable estimates thereof, Lender shall apply the Funds tcs gay said fasces, aascsssments, insurance gremiums and p*round rents. Lender shall make no charge for so holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall give to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Fonda and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Mortgage. The Borrower agrees that the Funds may he held by fhe Lender an3 commingled with other funds and thz Lender's own funds and the Lender may pay such items from its awn funds and the Lender shall not be liable for interest or dividends on such Funds. If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, insurance gremiums and ground rents, shall exceed the amount required to gay said taxes, assessments, insurance gremiums and ground rents as they fall due. sych excess shall be, at Borrower's option„ either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance g:~miurns and ground rents as they fall due, Borrower shall pay to Lender a^-y amount n~'e~ssary to make up the deficiency within thirty days after notice from bender to Borrower requesting payment thereof, or I3arrawer shall, by an increase in monthly installments of Funds required, repay the deficiency within the Fund accounting period. Upon payment in full of all sums secured by this A~Iortgage, Lender shall apply Funds held as a credit against. all sums due.