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<br />C}PT(OR1f.L >cIATUf2E A4DM14f^+iCES
<br />S,A17lItiFGGS i~t)M1CL7
<br />Fo~M tie. 720-479
<br />Loan Number_ 42917 ___ _ 14y__ _ I __
<br />Ttoc rl:a~cn
<br />79-- ~;*~s;~8~ MI O R T G ~! G E
<br />THIS MORTGAGE, made and executed this ......--- s?/...---.._--_ day of .~~~~ ............ ... A.D.,
<br />19-~~_-., between the Mortgagor, ..James.-M,,.-$~.ntt~.i<t..and--Shax'an..~._.)eztnQtt.,..husltand..and..iaife,
<br />.._ ........... ....~ointlY...and--each..~n..Lheir. olr-n-- r~8ht......_..........__ -- - °----------- - --- --- - -• --........--
<br />of ...Grand- Island-.-__--.- County of ....._._. Hail.-..,- .__...-_, State of .....13.ebraska..._, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />L%NCOLN, 1235 "N" Street, Lincoln. NTebraska 6&501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WrTxrssErx: That the said Borrower for and in consideration of the sum of -TWI'»TxX..EZVE..TlI0USA13D
<br />.AND--ND/100-------------------.-----------------.-------:Dollars (US $...-.. - - --2~.~DA0..40_....)
<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 _._.._H~11 ..............__.....-.-., State of Nebraska:
<br />Lot Four {4), Block One {1), Southern Acres Addition to the City of Grand Island,
<br />Hall County, Nebraska '
<br />TOGfiTHER with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stack, and all fixtures nocv or hereafter attached to the property, all of which, including repiace-
<br />menu and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />Mortgage; and ail 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 />Borrover covenants that Barrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Prop?rty, 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 insurazce policy in-
<br />su~•ing Lender's interest in the Property, or (2} attorney's opinion of title from abstract of title certified
<br />by lxrnded abstracter.
<br />Pt:r,.~ro~:^ At,w~vs, and these (,resents are executed and delivered upan the fallowing condil.iarts, agree-
<br />atPrits and a'`iiigation4 cf the Borrower, to-wiz_:
<br />!i - z"'iv'F:Ni"zz rice Tiit`3'tSSD
<br />i i'ne Borrower agrees to pay to the Lender, or order, the principal sum of .- .._.-.._ ....... ....................
<br />- -
<br />• ;~.NA_.lit7i ls~ll-------- --_ -___ __---__--__ _--Dollars (itS $ ....25,O.QCt.l3f) ............. )
<br />_ -
<br />payable a~ provided in a note: executed and delivered, concurrently herewith, the final payment of principal,
<br />if not loaner paid, on the .....fwrst - .... day of .._.. _ OctobEr_ - , - - _ ,. 19 - y9 -
<br />Utviroant Covr:NAxr_,. Borrower and Lr-nder covenant and scree as follow
<br />1. Payment of Principal and Interest. Borrower shall pronrpily ply when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment and late charges as pravided in the Nate,
<br />and the principal of and interest on any Future Advance. secured by chi Mortgage.
<br />2. Funds far Taxes and Irr~uranca. Subjr~r•t. to Lender's option under paragraphs 4 and 5 herrxrf, Bor-
<br />niwer shall pay to Lender on thr: day monthly installments of principal and interest are payable under the
<br />Note. until the Nofe is paid in full, a sum (he-rein "Fund::"1 equal to one-twelfth of the yearly taxes and
<br />assessments which may attairr priority over this \forii;age, and ground rents on the l'ttrperty, if any plus
<br />one-tweiff:h of yr:arly premium installments for hazard insurance, plug one-tx•eifth of yearly premium in-
<br />stallments for mortgage insurance, if any, all as reasonably cr;timated initially and ftnm time to time by
<br />Lender on the basis of assessments and 6iUs and reasonsble estimates thereof, Lender shall apply the Funds
<br />to pay said taxes, assessments, insuzrance pretniurzts and ground tints, I_~ncler shall make nc3 charge far so
<br />holding and applying the Funds or uerifying and compiling said sase~sment4 and 6i11~. The Lander shall
<br />give to the Harrower, without charge, an annual accounting of the Fyrnds showing credits and debits to the
<br />Funds and the purpose for which each debit to the Funda was made. The Funds are pledged as additional
<br />security for the sums secured by this Mortgage. T:re $orrower agrees that the Funds may be held by the
<br />Tender 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 Lender shall not be Liable for interest or ditridends an such Funds.
<br />If the amount of the Funda held by Tender, 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 required to pay 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 Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />am amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />requesiing payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall a~piy Funds held as a credit
<br />against all sums due,
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