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INDIVIDUAL DUE C3N SALE ~"~' tJP'i'IONAL FUTURE ADVANCES ~ SAVINGS FUND ~~ Fartrn Wa, 720-479 Loan Number.. 13635__==_ 199__._ 1__ Tr,~ e,.;,,~h 79'-- ~f 1~~~°~ 11~t c5 R `~°` C~ ~4 G E TIiI5 vIGRTGAGE, made and executed this .. jv.... dar of . ~f~~`t- _. A.D., 19_t~_, between the lllortffagar, ...- Gary L. >;therton and Sally Anne Etherton, (formerly. Y.t}own as Sally Anne Gydesen~, husband and wife, jointly and each in their own right_x__-._-__.. of -..-.-_Orak?a..Island._.-_, Count~~ of .-.__ ..Ha.Il._.._.....--,_ _, State of ..Nebraska- _ ,hereinafter referred to as the Harrower, and the jiortgagee, FIRST FEDERAL SAL"I\GS AND LGAti ASSGCTATIGN G'r LINCGLN, 1?;35 "N" Street, Lincoln, Nebraska 65501, its succe~cars and assigns. hereinafter referred to as Lender. WrrNessETx: That the said Borrower for and in consideration at the sum of SIX_THOLSAN)).._._,_-- A~YiI NO(100-------------°--°°------•------------------- --. ---- -.. _..-..Dollars 11;53- 5.,000,00 _.._..._....__} 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 _._..-Ball -_ _ - ......._ . ,State of Nebraska: Lot Eight (8), Block Feur {4) in Clausen Country View Addition to the City of Grand Island, Hall County, Nebraska, excepting therefrom that part thereof conveyed to the city of Gran'a island, iiaii County, Nebraska by warranty need recorded in Book y5 at page 5L7 o£ the Deed records of Hall County, Nebraska TocrSTxsa with all the improvements now ar hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, n~stez, water rights, and water stock, and all fixtures non- or hereafter attacheu to the property, all of which, incluaing replace- ments and additions thereto, shall be deemed to be and remain a part. of the property covered by this :vlortgage: and aIl of the foregoing. *ogether Kith said property ior the leasehold c:tate in the event this 'Vlarigage is on a leasehold} are herein referred t4 as the "Property°. Borrower rnvenantc that Harrower is lawfully seicod of the estate hereby rnnveyed and has the right #o mortgage, grant and comer the Property, that the Property is unencumbered, and that Borrower will warrant anti defend generall}- the title to the Propeciy against all claims and demands, subject to any easements and resiricticns listed in a schfuule of exceptions to coverage in any title insurance policy in- stuztrg Lender's interest in the Propem-, or f?) attorney's opinion of title from abstract of title certified by bonded ahstraeter. Fscrvmsn Always, and these presents are executed and delivered upon the iolloa•itrg auditions, agree- ments sad obligations of the Harrower, to-apt: The Harrower agree` to pad to the Lender, or order. ti?e princiaai sum of ..Sin.-~[Yit~.isSAN.u.AND-_ _. . ?aQf3- _ ~__' ~- ~_-_---_-----Dallan (I;S ,..5,000.00 _.._-) payable as proczded in a note executed and delivered, concur•renth herewith. the final payment of principal. it not sooner paid, an the _..~,?'~t .. _ dar' of ....9cto~er _ _. 2 g~l} . lirv[FOxat CUt`EriA\'TS, Harrower and Lender covenant. and agree as folloa-s: I. Payment of Principal ®d lnteresL Horroa•er shall promptly pa}~ when due the principal of and in- terest on the indebtedness etizdenced b~- the \ore, prepa> went and late ~hargea a: pros-ided in the Note, and tip printdpal ai and interest err an}• Future Advances soured by this 7lortgage. 2 irmds ior loxes aQa Insurance. Subject to Lender's option under paragraphs -t and 5 hereof. Bor- rower shall pay to Lender on the day monthly installrnenr of principal and lute--rest. are payable under the Note, urtta`I fhe Note is paid in fuL, a sum therein "Fund") equal to one-twPlfti? of the ceath• taxes and assessments which may attain priority aver this ~iongage, and ground rents on the Propert>-. if any plus one-twelft3r of yearlc premium installments far hazard insuratce, plus one-twelfth of yearly premium in- stallments for mortgage insurance, if an:-, all as reasanabi}- estimated initialh and from time to time by Lender on the bears of assessments and bills and teascznable estimate, thereof, Lender shall apple the Fund, to pay- said tazea, assesgmen*~, insurante premiums and ground mats. Lender ahalf make no charge for so holdusg and alaPlYmg the Fundy, or cerifi~ing and rnmpiling said assessments and bills. The bender -hall give to the Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Rands and" the purpose for which each debit to the Funds was made, The Feurds ors pledged as additional secunty for tine sums aecur•ed by this Mortgage. The Harrower agrees that the Funds may be held by the Lender and- cnrmninglett wit}r otlxr funds and the Lender's own funds and the Lender may pay such items €nrrn its awn funds and the Lender shall not be liable for interest or dividends on such Funds. I€ ~ ~°~t o€ F~~ held 5~I finder, togetfrer' with the €uture monthly installments of Funds Payable €n'ior to ~ due daces o€ fazes, assessrents, insurance premiums and ground rents, shall exceed ~. amotrnt required to pay said taws, esrseserngnts, inax,mnee premiums and ground rents as they fall due, such excess shall }re, at Borrower's option, either promptly mpaid to '$orrower or credited to Borrower on monthly ina~t)m..nts of Rands. I€ t};Q amount of the Funds held by Lender shall not be sufficient to pay tazffi, assessments, "'°""°""^ premiums and ground rents as they fall due, $armwer .shall pay to Lender any amount necessary to malts np "the deft :only within thirty days after notice from Lender to BormNer rettuesting payment thereof, or Borrower shall, by as increase in monthly installments of Funds required, repay the deficiency within the Fund accounting period. upon payment in full of all sums secured by this &Iortgage, Lender shall apply Funds held as n credit against all sums due.