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s~~ 111'~P,~1VtC,UAL l"~'9,~" ~ 'f:~~:~ 4"JI~"T1C3t~lAp.. F-z~xu~xi~ Ac~wr~rt~t"s ~ ~~vllv~s f~uraa CORM NO. yzo-~~~ s_oan lt;;rnl~r---43123--~-- ~~-- -- ~-. Mfr s,,,<«, iVfORTGAG~ THIS R'IORTGAGE, made and executed this -.---.----..2.~'•...._...-... day of _-~: ~"'-~"'~- A.D., - ....-.. 19-. 7y.-, 1-retween the Mortgagor...JQItn..l}rtil,l.on,..and.-Busan..Ab.i.1.lop...hnsbarid..and.vi£e.,-..;uinxly and.- each.. in _their.-own - right,. -..--.,,--.------- of - __ Grand_Isiagd_.----, County of ..-_.. -----lial~_.-__----._., State of ....-Nebzaska_..., hereinafter referred to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinaf+xr refened to as Lender. 'NITNESSETH: That the said Borrower for and in consideration of the sum of -ONE. HUNDt"ti%.D,-ELEVEN THOUSAND AND NO1100--°------------------------------'flollars (US $.-.Iil-,-OOt3-.00--.----,----...) paid. by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; tie following described property located in the County of .-....__._.-Hall ,State of Nebraska: Lot Seventeen (17) in Block Three (3) in Southern Acres an Addition to the City of Grand Island Hall County, Nebraska TCtGETFIEB with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, al! of whieh, including replace- ments and additions ±hereoo, shall be deemed to be and remain a part of the property covexecl by this Mortgage; and all of the foregoing, together with said property {or the leasehold estate in the event this Mortgage is on a leasehold) are herein referred to as the "Property". Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and demands, subject to any ea.~ements and restrictions listed in a schedule of exceptions to c-0verage in any title insurance policy in- s,rrirsg LendP_*'s interest ir_ the Property, or {2) attorney's opinion of title from abstraet of title certified by banded abstracter. Pa.^-.: tB$i- Ar,w;,vs, and these presents are executed and delivered upon the following e:ond,tionn, agree- rnents and ob'sigations of the Borrower, to-wit: 1 rte Borrower agrees to pay to the Lender, or order, the principal sum of - ~?~~. ~?~)?..Ef~L. --.-. ;~_Ht3tiSA,~3 Aim Ivt?JiO~-------------------°--------------'Dollars {US S..it_1,Q40..t?0.-...........-....) payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, if not soarer paid, on the .-. first_------...-_ day of .------..-- ~y_-.....-..-_._..- ---_, 88-.2.oQ5 • Iixtaoatt CovaxAxTS. Harrower and Lender covenant and agree as follows: 1. Pays+eat of Principal cmd Interest. Borrower shall promptly pay when due the principal of and in- terest an the indehtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal cf and interest on any Future Advances secured by this Mortgage. 2. Funds for Faxes and Imvraace. Subject to Lender'. agtion under paragraphs 4 and 5 hereof, Bor- rower shall pay to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full, a sum {herein "Funds") equa3 to one-twelfth of the yearly Lases and assessment; which may attain priority over this 14fortgage, and ground rents on the Property, if any gins ape-twelfth of yearly premium instaflments for hazard insurance, plus one-twelfth of yettrly premium in- stallments for mortgage insurance, if any, all as ra~sonably estimated initiaily and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof, Lender ehatl apply the Funds to gay said taxes, assessments, ins+?rance premiums and ground _*eats. I~nder shall _make ao charge for so Iioldin~ and applying the Funds or verifying and compiling said assessments and bills. The Lender shall - give to the Harrower, without charge, an annual accounting of the Funds shaw-ing credits and debits to the - Funds and the purpose for which each debst to the Funds was made, The- Funds are pledged as additional seeurity for the sums- secured by this Mortgage. The Borrower agrees that the Funds may be held by the -- fender and canirningled with other funds and the Lender's own funds and the Lender may gay such items from its awn funds and the_ Lender shall pat be liable for interest or dividends on such Funds.. If the amount o€ the (Funds held by Lender, tegeiher with the future monthly installments of Funds payable gtior to.the due dates of tapes, assessments, insurance premiums and ground rents, shall exceed • -the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due, such eacess shall be, at Borrower's. option; either.promgtly repaid to Borrower or credited to Borrower on monthly installm-opts 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 gay to Lender arty amount necessary to make ug the deficiency within thirty days after notice from Leader to Borrower requesting payment thereof, or Bareower shall, by an increase in monfhly installments of Funds required, .gay tf~e dei<cieaey within the rand accounting perfad. Lpon payment in full of all sums secured by this Mortgage, Lender shall apply Funds held as a credit against all sums due.