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INDIVIDUAL
<br />DUE UN SALE
<br />G7PTI~DNAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />M .~S ~ F6RM No. 7Z6-474
<br />Y~aOllAfi`s^V7~~ Loan Number___4347$__-_199______1__
<br />TYOe Brencn
<br />~~°' ®~'4i~a~~6 ~ ~ ~ ~ G Q ~ E
<br />THIS MORTGAGE, made and executed this .. _.-_.. /~ ................. day of _._ ~~-sue'-`"-_.....-_- ... A.D.,
<br />19.?.~1.., between the Mortgagar...Theodore-.R.- -Kszycki.--and...Barbara-K-, --Kr3yEki,~--husband - - --
<br />_ and-.wifg.,_ 14k7at!J.Y...and..~.aah..zn.xh~ir...atan..t~ht,- - -~ --- -- - - - - - - -- ---- - - ---
<br />of ..-_..~rand.. ~sSand___., County of ._-.-.....-..Hall.-._...__...., State of ...Nebz-aska._-._, hereinafter refereed
<br />to as the Borrower, and the ':Llortgagee, FIRST FEDERAL SAVINGS AND LOAI\T ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 88501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />FVITNBSSETA: That the said Borrower for and in consideration of the sum of ...ECtUBTEEN_T1IQUSADiD
<br />_NlitE-HUNDREp,-AND-.NC?(lOt3-.----r..----r------.-c--rrrc--r--.Dollars (LTSJ.14.,.9.QQ.f1Q.----.....__._----)
<br />paid by said bender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located ir, the County of _..--...-._...___HaJ.I...._.._..., State of Nebraska:
<br />Lot Two Hundred Thirty-two (232) and the Southerly Fifteen (IS) feet of Lot Twa Hundred
<br />Thirty-one {23l) and the Nartherly Fourteen (14) feet of Lot ".tao Hundred Thirty-three (233)
<br />=n aG~ant ,+dditior, to he %ity ra- Grand island, Haii r;ounty, Nebraska
<br />TocETxaa with all the improvements now or hereafter erected on the property, and all easements,
<br />right ,appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stack, and aIl fixtures now or hereafter attached 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 h}- this
<br />Mortgage; and all of the foregoing, together with said property (ar the IeaehoId estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Properh".
<br />Borrower covenants that Bosoaer u lawfully seised of the estate hereb}• cone=eyed and has the right
<br />to mortgage, grant and convey t}te Property, that the Property 's 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 #o coverage in any title insurance polity in-
<br />suring Lender's interest in the Prapertc. or (2) sttornec's opinion of Title fmm sbstract of title certified
<br />bF bonded abstracter.
<br />Paovtnso At.wAts, and these presents are executed and delivered upor. the followirg conditions, aa~ree-
<br />ments and obligations of the Borrower, to-w-it:
<br />The Borrower agzees to pa}~ to the Lender, or order, the arincipal sum af .-FrritRTEF.tt..T_At?IISA~II2..._--.
<br />Abh~°13U1?Pl~i2..-NOLAQ4-----r----------------r--.----Ballets tITS 814,40Q...QQ _ - - )
<br />payable as provided ir! s note executed and delivered, conrurrenih° herewith, the nasal payment of principal,
<br />if net sooner paid, on the - First day of . :!lovember l9. 89- .
<br />Lixteaas! Cov~*a~v~ts. Borrower and Lender revenant and agree as fellows
<br />1. Papmvnt of Principal and latereFt Borrower shall promptly pay when due the principal of and iar-
<br />teresf on the irrdebted.•tess esddenced b}- ti=e Sate, prepayment and lairs charges as proti~ded in the Note,
<br />and the principal of and in#erc~t ran any Funtre AdvancES secured by this Mortgage.
<br />2 Funds fo: Taxes and Iasurmce. Subject to Lender's option under paragraphs 9 and 5 hereof, Bor-
<br />rower shall pay to Lender on tl~ day manthl}° installment, of principal and interest are payable under the
<br />Note, until the Note is paid in full, a sum therein "Funds") equal to one-t*telfth of the yearly taxes and
<br />3asessnrents which may attain priority veer this lfartgage. and ground rents on the Pmperty,if any plus
<br />ane-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br />atallments for mortgage in.~~rance, if any, all as reasonabh• estimated initsally and tram time to time by
<br />I.ertder on the basis of assessments and hills and reasonable estimates ihereaf, Lender shall apply the Funds
<br />~ f+aY said taxes, asReRCn,ents, insurance premiums and ground rants. Lender ;hall make no charge for so
<br />balding and applgsng fire Frmds or verif}gig and compiling said assessments and bills. The Lender shalt
<br />gyve to the Borrower, witlsout charge, an annual accounting of the Funds showing cr+ediis and debits to the
<br />~''-'.-'- a~ the ~ far which each debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums secured by ti3ia Mortgage. The Borrower agrees that. the Funds may be held by the
<br />Larder and camrnmgled wrth ether funds and the Lender's awn funds and the Lender may pay such items
<br />from rte awn funds ease the Lender shall nni be liable for intet~t or dividends on such Funds.
<br />I# five amanat of the Funds held by Lender, together v.-ith the futtu~e monthly installments of Funds
<br />_ p~yalrle ~. in the dt~ deice a# taxes, amcut#s, irssuraace premiums and ground rents, shaft exceed
<br />the aarcxmt r~uired try pay affid taxes, aasanta, insurance prernirrms and ground rents as they fall due,
<br />such exoesq shall be, at Barzower's eptSon, either promptly repaid to Borrower or credited to Borrower on
<br />monfhlg inatalltnents of Funds. If the amvunt of the Funds held by Lender shall not be sufficient: to pay
<br />taxes, assessments, ins+armn~ premiums and ground rents as they fall due, $orrower shell pay to Lender
<br />any amonat ~ to make up lire deficiettcv within thirty days .after notice from Lender to Bormw~.
<br />reA~ing Payment ther~eaf, ar Borrower shall, by an increase in monthly installments of Funds required,
<br />repay #.he detrueacy within the Fund accounting period.
<br />Upon pa3~nent in foil of-all arms secured by this A•fartgage. Lender shall apply Funds held as a credit
<br />against ai_] a„R,~ d'".
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