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If1DIVIDUA~.
<br />~~~ OPTION'AL FVTURE ADM/gl,lelCES
<br />l SAVINGS P'iJND
<br />Fawu No. 72p-479
<br />Loan Number__L+3$93___-__1$$_ ___1__
<br />Typ¢ @ranch
<br />79-. ~~'~ M O R T G A G E
<br />THIS MORTGAGE, made and executed this -..........2..._..._.--..--- day of ......_Octcbex-.----------... A.D.,
<br />19..Zg_.., between the iVlortgagor, ._-Jerold l~grneckar and Idalvn Hornecker, husband and
<br />-- _-wzfey ,jointly and. each. in their own right,
<br />of _..Orand..Zs.]<artd........., County of _._Hall....__._. _.__.-_, State of ._.Y.ebraska...-_., hereinafter referred
<br />to as the Borrower, and the tbiortgagee, 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 />Wt•rxesst:•rx: That the said Borrower for and in consideration of the sum of _. THIRTY-SEVEN
<br />....THOUSAND AND NOJ100------------------------------37ollars (US $-..37,-000.00-----........_._?
<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 Lounty of .......-.Hall ,State of Nebraska:
<br />Lot Five (5), Western Heights Third Subdivision, Hall County, Nebraska.
<br />TaceTatrt wrtth all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oiI and gas rights and profits, water, water rights, and
<br />water stock, and sli fixtures now or hereafter attached to the property, all of which, including replace-
<br />nrents and additions thereto, shall be deemed to be and remain a part. of the property covered by °this
<br />Mortgage; and all of the faregoing, 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 />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 Property against all claims and demands, subject to any
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />.SUring Lender's interest in the Property, ar r 21 attorney's opinion of title from ahstract of title certified
<br />by bonded abstracter.
<br />Psovuattn At.w~vs, and these presents are executed and delivered upon the fotlow-ing conditions, agree.
<br />tnents and obiit;atians of the Borrt~w•er, to-wit:
<br />Tire flarrotver agues to pay to the Lender, or order, the principal sum of `~HTR'i`f-S~.v~.~i..T'1~~li5r1~`Er
<br />....•SI~u.1~~IIs~O___________________ ____________ ~------Dollars {irS~_.3t,t7Qf}:,t~0.--,----- _}
<br />payable as provided in a note executed anrf delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the . 1st clay of .__... ..__CCtnber.... .... k~ .2009
<br />l;:vt~;oent C'rrvt=.Nax~es. Harrower and Lender covenant and agree as follows:
<br />1. Pnyment of Principal and Interest. Borrower shall promptly pay when due the principal of and in-
<br />terest on the inrlebterlness wirkrnced by the Note, prepayment and late charges as provided in the Note,
<br />_ and the principal of and interest on any Future Advances secured by this Aortgage.
<br />2. Funds for Tnxes and Insurance, Subjer•t to Lender's option under paragraphs 4 and ~ herehf, Br~r-
<br />rr»ver shall pay to Lenrier on the day monthly installments of principal and interest are payable under the
<br />Note, until the Notre is paid in full, a sum (herein "Funds") equal to ono-tt~°elfth of the yearly taxes and
<br />assessments which may attain priority over this Mortgage, and ground rents an the Property, if any plus
<br />one-twelfth of yearly premium inatalinuntx for hatarr} insurance, plus one-twelfth of year}v premium in-
<br />stalhnents for rortgage insurance, if any, all as reasonably c~vtimated initiall~~ and from tithe to time by
<br />Lender on the basis of assessments and bills and reasonable estimates t}terr~crf, 'Lender shall apply the Funds
<br />to pay said tASes, assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br />_ holding and applying the Funds or verifying and compiling said assessments and hills, The I,ertder shall
<br />give to the Bor~~at~°er, without charge, 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 />sec=urity for the sums secured by this lttortgage. The Borrower agrees that the Funds may he held by the
<br />Lender and commingled with other #unds and the Lender's own funds and the Lender may pay such items
<br />.from its awn funds and 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 tales, assessments, insurance premiums and ground rents, shall exceed
<br />'-the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fail due,
<br />such excess shall be, at Borrower's oprion, either promptly repaid to Borrower or credited to Borrower an
<br />- monthly installments of Ftitnds. If the amount of the Funds held by Lender shalt net be sutficient to pay
<br />faxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />any arnonnt necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />requesting payment thereof, or FSorrower shall, by an increase in monthly installments of Funds required,
<br />repay tl°.e 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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