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<br />DUE Ot4t SALE
<br />OPTfOtdAL. ~'lfl"URE' ADVANCE,
<br />SAVIfYGS FUND
<br />~~ fonfd No. 720-479
<br />Loan Number___43235__V_19y__-__I__
<br />TYO! Bunch
<br />79-- ~~~~'~~% M O R ~° G A G E
<br />r~ _
<br />THIS MORTGAGE, made and executed this ......__r.~f.~...._....... day of,,~''~``." ............._. A.D.,
<br />i9-zy.._., between the Mortgagor, -.Earl_.H-.-_ 5gastone_and.. Eilet'n_.R,_. Seastone_,-, husband__and___.---.
<br />,wife.,. jointly .ard_.each in their own right.,.,..
<br />of -. Grand._ Ssland_........., County of _....._..... Kall,._._..-....._., State of ..Nebraska-......-, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 2235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WITNESSETH: That the said Borrower for and in consideration of the sum of .TWENTY--FOUR,TE)OU$AND
<br />FIVE-. HUNDRED.AI`ID, NO/100---.----.--------°-------------.Dollars (US~_24,500.00.---------__.-__.)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and as.4igns; the
<br />following described property located in the County of _._..-.___ Hal1..._
<br />......_....., State of Nebraska:
<br />Lot Three (3) Block One (I} Park Place Addition to the city of Grand Island, Hall County
<br />Nebraska
<br />ToceTrrEa with ail the impravements 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 now or hereafter attached to the property, alt 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 properly (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 Borrower will
<br />warrant and defend generally the title to the Pmpert}- against all claims and demands, subject to any
<br />easemenktiG and restrictions listed in a sehedute of exceptions t~;- caT:erage in any title insurance policy in-
<br />suring Lender's irtc-reQt in tlae Property, ar !'?) attorney's opinion of title fnm at~~tract. of title certified
<br />by banded abstracter.
<br />Ps~,::nr.n Ar:a•ars, and these presents are eseeuted and dehvereci upon the following conditions, agree-
<br />nrents ttncl abiieatir'IrrG ui ht l~orr~acver, to-wit.:
<br />'l he 13orrov.°rr agri•<~>: to pay to the Lender, or order, t.h~• principal sum ut T!?k`d~'lY- FOllk-_T.it@IIS6~_ ,
<br />FIVE HG:ti11REsl AkA.:0114..0-6-----_-°-____..---------------Dollars tt S i±.2.4,5.OQ,.04 }
<br />payable ac provicic•d ire s nate executed and delivered, cuncurrentl}• herewith, the final payment of principsl.
<br />if net scorner paid, on the . First _ dory of . __ October _ ,Xi$j ?004
<br />U:vtr•Y>ttns Ccrvs~v:c~~•s. Borrower and Lender cavenant and agree as tolluws
<br />1. Payment of Principal and Intorest. Burrower sha!1 proenpfly pay ~vhc~n due the princip_rt of and in-
<br />terest on the indebtedness evidenced by the Mute, prepayment and late chaeges as prcrvide~-I in the Nate,
<br />and the principarl of and interest on any Future Advances secured by this ;4ortgage.
<br />3. Funds fax Tuxes and Inauranca. Srzhjrc•t to Lender's option under paragraphs •i and ~~ ht+reof, Bur-
<br />rower shc~tll pay to bender on the day monthly installments of principal and interest are pad°abte umlcr rho
<br />Note, until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes anti
<br />assc~ssmerits which may attain priority over tlri.~ lortt;.tf;e, and grounei rents un fhe 1'rctperiy, if an} plus
<br />one-twelfth of yearly premium installments far hazard insurance, plus one-twelfth of yearly premium in-
<br />•rtallments far mortgage insurance, if env, ale as reasonably estimated initially' and from time to time by
<br />Lendor 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 graund rents, Lender shall make no charge for so
<br />irofding and applying the Funds or verifying and compiling said assessments tend hills. The Lender shall
<br />give to the Borrower, wit:hauL :barge, an annual accounting of the Funds 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 additional
<br />security for the sums secured by this I!•iartgage. The Bcrrmwer 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 Lender shall not be liable for interest or dividends on sur.h Funds.
<br />If the amount of the Fonda held by Lender, together with the future monthly installments of Funds
<br />payable prior to the due dates of taxes, assessments, insurance preixriuma and ground rents, shall exceed
<br />the amount required to pay said taxes, aasessrnents, insurance premiums and ground renti`4 as they fall due,
<br />such excess shall be, at Barnrwer's option, either promptly repaid to Borrower or credited to I3ormwer an
<br />monthly installrirents 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 />any amount necessar; to make up the deSeiencp within thirty days after notice from Lender to Borrower
<br />requesting payment ther2af, 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.
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