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INDIVIDUAL
<br />DUE ON SALE
<br />~~ OPTIONAL FUTURE ADVANGES
<br />SAYlIVGS FUND
<br />F9RM No. T20-479
<br />Loan Number__ 4216___-_ 188_____.__ 1__
<br />o~ e.r~~~
<br />79~ ~,~~~~ M O R T G ,~ G E
<br />r
<br />THIS ti10RTGAGE, made and executed this -......_._-...'i..~~-_-.-_ clay of .-._-`~%~ an~:.t-t;_/`1 ~~A.D.,
<br />i9___..__, between the Mortgagor.._-.._-SKe?f~n_.T._.P.aust3an--and,_Lucinda,-R, -P~ustian_,_.husband
<br />-----..and-.wife.,.. j.oiatl~..azzd..each. irl...tllezr. own. righ.t..---.
<br />-___ --
<br />ot ..._....vratzd..lislaRd.-__, Count>- of ...__.-Fiall____...._-.-_-, State of .__N2braska__., hereinafter referred
<br />to as the Borma,er, and the Mortgagee. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />' LINCOLN, 1235 "N" Street. Lincoln, \ebraska trR501, its succecors and ac igns, hereinafter referred to
<br />as Lender.
<br />Rtrt:~st°rt-t: That the -,aid Borrower for and in consideration of the ,um of -..TIiZRTX-.'pHQUSANR. -
<br />----.SI)i.JiUNDRER_dAIDN9l1R4.-r---_----.---.---.---~lnllatsltiS4*. ...30,6CQ,~0 _...i
<br />paid by said Lender, does hereby mortgage, gn_nt and convex to Lender, its successors and a~igns; the
<br />foHawing decxribed prapem located in the County af -----.-----F3a11_-..._..._--.-...-, State of Nebraska:
<br />Tire North Seventy (7fl} feet of I.ot Eleven {11) and the North Seventy (70) feet of the East
<br />`Thirty-tce {32} feet of Lot Twelve (12) of the County Subdivision of the South Half of
<br />the Southeast Quarter {S'KSEi} of Sectiext 16, in Township li North, Range 9 West of the
<br />5th F_H.,
<br />Ttresrxss with all the improvement-c now or hereafter erected on the properth, acrd all es,ements,
<br />rights, appurtP.nances, rents, royalties. mineral, oil and _as rights and profits, water, water rights, and
<br />orates stack, and all fixtar+es now ar hereafter atiached to the property, Ali of which, including replace-
<br />rnen~ and additions thereto, shall be deetned to be and remain a part. of the property rnvered 1:y this
<br />13ortgage: and all of the foregoing, iegether wZah said property for the leasehold estate in the event this
<br />IM[ortgage is on a leaseholdi are herein referred #o as the "Property".
<br />Borman covertartts That Borrower i, Isa_Itilly seised of the estate hereby ttrmesed and has she right
<br />trt autrtgage, grant and convey the Propertc, that the Property is unencumhered, and ±hat Borrower mill
<br />warrant and defend generally the title #o tSe Property again_,-t all elairrrs and demands, subject to any-
<br />Aa~.,.,~,ys and re~i~ctions listed in a schedule of exceptions to coverage in an}* title insurantr policy in-
<br />suring Lender's interest in the Pmpertc, or i21 attorney's opinion of title fmm abates^t of title certified
<br />irs banded alrstractez _
<br />Psovtt+>n .~wafs, and the pr~ent_; arm executed and delirered upc+n the foliaa-ing conditions, agree-
<br />ments and obligations of tare Barmwer. t.~-wit:
<br />The Herres agte~ to pas tie the Under, nr o--der, tl:e prin:~~pal un: of ']'HT~X.-T~tlk??~?... - .
<br />---~$--HIAiIBF£D-AtaiD-NO~ii?U--------- _ -- .-_. -"-~ rJollars ti'$ 5-----30,tt44_,LiQ-.---------.1
<br />pay°alale as pmcd:led in a note es~~ and delivered. ~tlr' het~a-itlz. the anal payment of principal,
<br />if trot r paid, on the day of ~ 2009
<br />L?xtrrutaa { t3y~6i~1*i'r3. Horma°ez and Lender covenant and agrr~ a: fallow.:
<br />L Parmaat of Pzmeipat ~ lalert:st. Borrower shall promptly pay a°iten due the principal ai and in-
<br />tts~t as the intlebtedistnas evidenced bs the Nate, pzepaymenY and late ~:harge: as provided ter the Note,
<br />and t3+Y principal of and intemst c>^ an :• Futxrre Advance. ~rur~i be this 1ortgage.
<br />2 Fuses ~ Tzaes .mad i,.~.,...,,,.~ ,ubj~-t ti? Leader'; option under paragraphs 4 and b hereof, Bar-
<br />raa*es shall pay to I,errcler on the day monthly instalL`rrent=. of principal and interest are parable tinder the
<br />Note, rmtil the Note is paid in lull, a s-tan therein "Funds"1 egos; io one-twelfth of the 1-earh• ta_xe; ttnd
<br />axis rc3rieh rnas attafa priority- over this 1lartaage. and ground rents on the Propeny, if anti plus
<br />tare-twvelfth of ytxrlp prtxnitmr irrstal3nxen#s firs hazard iauzuranee, plus one-twelN.h of yearly premium in-
<br />atallmertis for mortgage insurance, if ens-, all as reast,na6iv estirrrated initially and fmm time to time by
<br />Fader eat the bees of aase.~meats and bills and reasonable e~-timates thereof, Lender shall apply the Funds
<br />is FAY said tasea. moments. instrrance premiums and ground rents. Lender .hall make no charge for so
<br />and apf~yurg t1sE Funds tar v$rify:r:g and compiling said as.;es;,~nants and bill.. T}re Lender shall
<br />gage to ilre Boer[r+v~ez, without charge, an atuural ai^oounting of the Funds showing credits and debits to the
<br />F ilea ; ~'xh~ ~u wit to t~ Funds was rr~de. Ilse Funds are pledged as additional
<br />~rity fire tlu: saata sercvred by this 4ltrrigage. The Harrower agrees that the Funds may lee held by the
<br />eZ sad txrng;ad with ethos funds and the Leader's own funds and the Lender may pay such items
<br />from its own funals arxf the Iander shall ~t he liable for interr>cct or divddends on such Frmds.
<br />H the aa>amll od the Fuatla held l-Y I,eatler, together with the future monthly in=:aliments of Funds
<br />F~F ~ ~ ~ tie dttee of ta;cea, assents, instraarrce premiums and ground rents, shall exceed
<br />~rera+®t regtdtdl tar pa
<br />y said fazes, asrmts, i~trrarace prt~titrms and ground rertts as they fall due,
<br />such escasec af+edl be, st Bor~srer's option, tithes pmmpth repaid to B~rrrower or credited to Borrower on
<br />mtxtt~dy aratallmextta of Fiords. ll t~ amount of the Funds held by Lender shall not be sufficient to pay
<br />yan~aasmmt naca~arv aFr+emir~ and ground rests as tlrev fall due, Borrower shall pay to Lender
<br />p y witl>ar thirty days after notice from Lender to Borrower
<br />regirestusg payrtreat thereof, ter Borrower shall, by an increase in monthly installments of Funds retluired,
<br />repay tare deficiency within the Fund acf~ountiag periled.
<br />L7ptur payment in full of all straw secured by this b4ortgage, Lender shall appl}° Funds held as a credi4.
<br />against all sums due.
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