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lNDiV'tD13AL.
<br />DUE DM1t .SALE
<br />G}PTICgNAI,. 'PUT'U&2E: ADVAh~tCES
<br />f SAViIVGS FtJfdD
<br />FoeM Np. 7Z0-499
<br />Loan Number_____07_ __-_1_______1--__
<br />Tyce g.aac~,
<br />7g-' ~~~~ M C3 R T G A G E
<br />THIS 1~-tORTC.-,AGE. made and executed this .. _.._.7_Z~h_.._.....- day of ...-.Septeutbex._....-.-..-_ A.D.,
<br />I9---:%.~-., between the tilortgagor, ...-Larzy..k?.-_.LZilhelmi_and..Mar_y_Lea,.~Iilbelmi_,..husband..and.-......
<br />.szif;:>..3oin.tly..and..eankt..xn...[he£ar.. orrn-xight> .......-.. - - ---- - --- ----- -.... --- --- ------------
<br />of ._....G>;and. ?slaztd _ .., County of . -.klaiZ.... _..__..____, State of .....Ntibza ka._._, hereinafter referred
<br />to as the Borrower, and theLtortgagee. 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 />WzTrvesseTrz: That the said Borrower for and in consideration of the sum of _.T11.IRTX..EOIIR..THOiISAND
<br />'I:F10_iI1JDlDRED iS;yA-. ~IOL,1Q0. -----cr..-.---------.-r..----r..---.._Dollars (US S-._34.>200...Q0_ . .............)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following descriUed prcclzerty locafed in the County of -......._1?ahl-.._--_---------------- State of Nebraska:
<br />The North Thirty (N30) feet of Lot Si:: (6) and the South Fifty-five (S55) feet of
<br />Lot Seven (7) Imperial Village Second Subdivision, City of Grand Island, Hall
<br />County, Nebraska
<br />Toci:rzi>;a 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 stock, and alI fixtures now• or hereafter attacheel 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 />hfartgage 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 Borrower dill
<br />warrant. and defend generally the title to the Property against all claims and demands, subject. to any
<br />easezents and restrictions listed in a schedule of exceptions to coverage in am' title insurance policy in-
<br />suring Lender's interest in the Property, or i2} attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />PROVtP`r..n Az.w,ats, and these presents are executed and delivered upon the following conditions. agree-
<br />mentq ar: d ob iigativns of the Borrower, to=.~~it
<br />The Bo~r,~tver agrees to p_ay trz the Lender, or order, the principal loin of .TIfI.RTY,. F.CxIR Tli#3tIS~2-.
<br />Tli7Fi -HUN31RfiI} ARID-NS7J104-----~_-----.--------_-.-----.--=-..Dollars (US F...3G,2II0.00...... _......- }
<br />payable as provided in a note executed and delivered, concurrently herewith, the final paymenfi of principal,
<br />if not. sooner paid, on the .......1st . ,-. ,_ day of .__ October __ i{r..2009
<br />rJtutt:oant Covr:NnN~•s. Borrower and Lender covenant. and agree as follows:
<br />1, Payment of Principal and Interest. Borrower shall promptly pay when due the princip:il of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment and Late charges as provided in the Mute,
<br />and the I:~rincipal of and interest on any Future Advances secured by this i\4ortgaRe.
<br />2. Funds for Taxes and Insurance, Subject to Lender's option uncles paragraphs •1 and 5 hercYZf. Bor-
<br />rower shall pay to bender on the day monthly installments of principal and interest era payable under the
<br />Note, until t-he Note is paid in full, a sum (herein "Funeis") equal to one-twelfth of the resri saxes and
<br />assessments which znay attain priority over thi- htort.gage, and grounc) rent; on the Prolx=sty, if any p-us
<br />one-twelfth of yearly premium installznents for hazard insurance, plus one-twelfth of yearly premium in-
<br />stallments for mortgage insurance, if env, all as reasonably eaimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay soul to ,assessments, insuranc-e pirFrniutns and ground r~=nts. i,ender sitali make no cizarge for s~,
<br />holding and zpplying the Funds or verifying and compiling said assessments and bi1Ls. The Lender shall
<br />give to the Borrower, without charge, an annual accounting of the Funds showing credits and debits to the
<br />Funds and the purpose for Fvhich each debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums secured by this htartgage. The Borrower agrees that the Funeis may he 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 t-he Lender shall not be liable for interest or dividends on such Funds.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds
<br />payable prior tct the due-dates of ta_YP~, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required to pay said talcs, 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 bender shall not be sufficient to pay
<br />taxes, assessments, insurance premiums and ground rents as they fail 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 deficiency within the Fund accounting period.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall apply Funds held as a credit.
<br />against all sums due.
<br />C
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