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Uwl~IFJIDL~"I'~L Dt,IE Of~i '~i~LE C+PTICtN;I~L FRJTURE AE~!IM~AtN~llES ~AA/Et•1~$' F47E"dD FakM No. 720-474 Loan Number___43085__~__188 _~__1 __ TyOC Brprvch M O R T G A G E THIS'1~ORTGAGE, made and executed this . .._ _ _...?_-.... _..._. day of _September A.D., 1978._.., between the Mortgagor, . __2)avid. L...-Budd and. ,lance-, R,..-Budd,._husband-. and.-wife., ___-_-_ .__ . j,gip.tay_ and.. eagh. ic1...t:.her, own right-, ., ., .. of __Grand-.Island--.-.....-, County of . _... Hall, ,-_.. _..., State of .._.Nebraska_.-_-_, hereinafter referred to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska fi85p1, its successors and assigr<s, hereinafter referred to as Lender. ~VtTxessETx: That the said Borrower for and in consideration of the sum of .. THIRTY-SEVEN - - -- _.__'~HQU$At?I?_S_liVEN. HUnTI)REL~_Tr"r1.:AND NG/.100----.-----.----Dollars (L'SS.-.~7-,710.,_t)Q-.--.----._----.) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the following described property located in the County of .....-Hall., ,- .,, ,, ._.-._.___.-_, State of Nebraska: Lot Eighteen {18), in Buhrman's Subdivision, an addition [o the city of Grand Island, Hall County, Nebraska This is a corrected mortgage to correct final payment date recorded at 79-005855 on September 7, 1979 - TocrrTxex with all the improvements now or hereafter erected on the property, and all easements, I, ~ ^ ;rights, appurtenances, rents, royalties, mineraE, oil and gas rights and profits, water, water rights, and '' ~ '' water stork, and all fixtures now or hereafter attached to the property, all of which. including replace- - "':meats anu additions thereto, shall be deemed to be and remain a part of the property covered by this I€ Mortgage; and ail of the foregoing, together with said property (or the leasehold Mate in the event this Mortgage is on a leasehold} are herein referred to as the "Propert.y". Borrower covenants that. Borrower is lawfully seised of the estate hereby> conveyed and has fhe right to mortgage, grant and convey the Property, that the Property is unencumbered, and that. Borrower wrill warrant and defend generally the title to the Property against all claims and demands, subject to any e~seznent and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- wring Lender's interest in the Property, ar (2} attorney's opinion of title from abstract of tine certified- by bonded abstracter. - ! Ptt~rvtnr:t~ At,wnvs, and these presents are executed and delivered upon the following conditions, agree- meat=s and vh!ige:tivns of the Borrower, t«-vvit; The Borrower agrees to pay to the Lender, or order. the principal sum of .THIRTY--SEVEti THt3USAND SEyE~_HLTv'DRED_TEN SAID,NO(100--_______~_____------Dollar (t~5 5..37x710..00..._ _._.._.._} -.____.. payable as provided in a note executed and delivered, conrurrentiy herewith, the final payment of principal, if not, sooner paid, on the ........1st day of _._Sepptember 1;Qt~( 2Qpg "= tJx~roent CG`VF.NA,NTS. Borrower and Lender covenant and agree as foilvws: 1. Payment of Principal and Interest. Borrower shall promptly pay when due the princiEknl of and in- - terest on the indebtedness evidenced by the ttote, prepayment and late charges as pravicled in the Note, and the ]rrincipa! of and interest. on any Future Advances secured by this Mort.gnge. 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof. Bor- i rower shall pay to Lender on the day monthly installments of principal and interest are payable under the Nvte, until the N>>te is paid in full, a sum (herein "Fundy") equal to unE~-twelfth of the yearly taxes aril assessments which may attain priority over this ~4ortRage, and ground rents on the Property, if any plus cme-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in- stailments for mortgage insurance, if any, all as reasonah!y estimalstl initialh• and fron~ time to time by Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds to pay sai~-1 taxes, ase:~sments, iz~surante prsmiumms and grr?und rents. Lander shall make nv charge for so holding anti aI>p!ying the .Funds or verifying and crompiting sai<t assessments and hills, The Lender shall !,rive to the Borrower, without. charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Mortgage. The Borrower agrees that the Fonda may be held by the ' Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items ` from its own funds and the Lender shall not be liable for interest or dividends on such Funds. If the amount of the Funds held by Lender, together with the future monthly installments of Funds .payable prior to the due dates of taxes,. assessments, insurance premiums and ground rent`s, shall exceed the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fail due, -such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay tv Lender any amount nenessary to make up the deficiency within thirty days after notice from Ler_der to Borrower requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required, repay the deficiency within the Fand accounting period. Upon payment in full of ail sums secured by this Mortgage, Lender shall apply Funds held as a credit. against all sums due.