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<br />gtaTlgPdAt. FUT"1JRE Alrii+rPl(WCES
<br />sAV1~1~s Fu~lo
<br />Fartnt No. 72D-479
<br />Loan Number__ 41412 - 199 _----1 --
<br />Txne e.s~ce
<br />7g~ i~~ MGRTGAGE
<br />THIS MORTGAGE, made and executed this ...--._ ~.7...-...._-..... day of -..,~:~~lz~~'-~~~........._.. A.D.,
<br />19...7~?._, between the Mortgagor, .-.G.a><y.-A....-banlca. ansl_llancy.-D,-. Lanka,.-hus,_and_and-wife,-.,-..,_-.
<br />j.sin.tJ.y.-.and..ench..in-..th~i?r-..as~m...f.f,ght ~ -- - ....... - - -- -- --- - -- -- -...._ ..............._...--- --..... - ----- -
<br />of ....Ozand..Island._..._.., County of _...._Ha12.-_--_.._.-...-.-, State of .._. N~oraska_-.-, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AIQD LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 685Q1, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />W[•rx>nsssTx: That the said Borrower for and in consideration of the sum of ..NINETF~:N..THOUSANll
<br />AN1I--N0~-IAII--<---_--------------------_--------------------Dollars (US 8-.1.9.,OUD..-QO _ -- - -- )
<br />paid by said Lender, dog hereby mortgage, grant and convey to Lender, itc successors and assigns; the
<br />following described property located in the County of ____.-_Ilall-...__.__._.._-, State of Nebraska:
<br />Lot 'Ifi~renty-two (22), R & B Second Subdivision, Hall County, Nebrasxa.
<br />TocsTSr:e r~:th all the improvements now or hereafter erected on the property, and all easements,
<br />tights, 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 uwhich, including repiaee-
<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 />Iiorn?wer covenants that Borrower is lawfully seised of the estate herby conveyed and has the right
<br />t.o mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower tvii!
<br />warrnnt 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 !o coverage in any tide insurance policy in-
<br />suring Lender's interest in the Property, or +?) attnrney's opinion of title from abstract of title ~rtifted
<br />by lx;nderl alastracter.
<br />Pa_ ~:trrt~ At.tt;a~rs, and these preseents arc executed and delivered ulxsn th, fallowing conditions, agree-
<br />merrts arexi obligations of the 13orrrw°er, to-u•it:
<br />T tre l3orr~,u°cr a tomes to _•'.,•'-
<br />g pa~° io the Lender. or order. the principal sum of ;virc,TEErv' T'?*[!. _~~!-----.----
<br />AxID..NII l;ID---- .------ ----- ---.---------- . ----------Dollars (l~~ 8 1J,~tflt}:5~,
<br />__...- }
<br />payable as provided in s note executed and delivered, ccmcurmntly herewith, the final payment of principal,
<br />if not. sooner paid, on the . ..?~-r•st< clay of --..Octotaer _ .lot ~y .
<br />Ux[i:oant Covk:xnxTS. Borrower and Lender covenant and agree as fnlloc+-s:
<br />I. payment of Principal and Inieresi. Borrower shall promptly pay when clue the• prine•ipai of and in-
<br />terest on the indebtedness evidenced by the Note, peepayment and laic rhargc~s as pnnicled in thc~ Note,
<br />and the principal of and interest an any Future Advances secured b}• this 'Mortgage.
<br />2. Fundn for Texan mid Irssursce. SuLjec,•t to yonder', option under paragraphs d and :; heree.€, l.ar-
<br />rower shall pay to Lender on the clay monthly inat,a{trnents of principal and interest arc: pavahle under the
<br />Nome. until the Nntr. is paid in full, a sum (herein "Funds") equal to onc•-twelfth of the yearly taxes and
<br />assessments cc-bleb may attain priority over this ?Sort gate, and ground rents on the Frolx•rty, if any plus
<br />one-twelfth of yearly premium instailrnents for hazard insurance, plus one-twelfth of yearly premium in-
<br />stallments for mortgage insurance, it" any, all as reasonably estimated initially and from time to time by
<br />Londer on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said taxes, assessments, insurance premiums and ground runts. Lender shall make no charge for so
<br />bolding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br />give to the Borrower, cc~thout charge, an annual accounting of the Funds showing credits and debits to fhe
<br />Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br />security for 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 aad the 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 to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required to pay said taxes, assusments, insurance premiums and ground rents as they fail due,
<br />such excasg shalt be, a~ Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of tho Funds held by Lender shall not be sufficient to pay
<br />taxes, assessments, inauranca. 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 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 alt sums due.
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