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<br />INDIVIDUAL
<br />DUE ON SALE
<br />OF+TIONAt. FUTURE ADVANCES
<br />SAVINGS FUND
<br />FORM Nn. 720-479
<br />-Loan Number__43388___-__ 188_-__ 1__
<br />Troa are~cn
<br />
<br />iVt©RTGAGE
<br />THIS MORTGAGE, made and executed this .......30.-.......-_......... day of .._.Novem~~x.....__..._.... A.D.,
<br />19..-~q.-, between the Mortgagor, .... Frank T. Sanchez and Consuelo Sanchez hu_sba_n_d and
<br />wife -ointl and each in their own ri ht ~"' ~~~~
<br />of .. Grand._Island._.____., County- of ..._Hall_..-___-,.,_---_.- ,State of ._Nebraska__-.., hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />` LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter refereed to
<br />as Lender.
<br />WtTtvesst:l•x: That the said Borrower for and in consideration of the sum of ._'Iti?EN?'Y-FIVE__..__„_
<br />...... TE1QU$AND.-.)IGHT_ HUNDRED..AND_NOJ100--.-------------dollars (LIS $...25,804,_QO .............._...-)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of -.__._Ha11..,...._-__.--_-___..., State of Nebraska:
<br />Lot One (~) in Fractional Block Four ('+) in Lambert's Addition to the City of
<br />Grand Islat.d, Hall County, Nebraska
<br />TaaeTxaa with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stock, and all fixtures now or Hereafter attached to the property, all of which, including replace-
<br />ments and additions (hereto, shall be deemed to be and remain a part of the property covered by this
<br />Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Bornawer covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant. and convey the Property, that the Property is unencumbered, and that Borrower wilt
<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 to coverage in any title insurnnce policy in-
<br />suring Lender's interest in the Property, or (2) attorneys opinion of title from abstract- of title certified
<br />by bonded abstracter.
<br />Paovtnt:o At,w~gti•, and These presents are executed and delivered upon the falle~wing conditions; agree-
<br />ments anri altligations of tht= Borra.rer, to-uit:
<br />'t'he Ba~~,~.~er agzer- ca pay' to the t..enuer, or order, the principal sum of - TWEI'ITY-F-ITrE THQUS,~NII.
<br />1:,3;uliT iiu+r'l;li-.~,'ll r~~f1Uu---- -' -------
<br />~ ,. ... .. . ---.---- ., Dollars tL~S 4 .~5}80D.,t10 ... .......... ).-...-
<br />payable as provided in a note executed mnci delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the -. -_ .lst;. _ _---. day of ----.. . Becember ~c ~00g
<br />ITxtFOS~t CovEtvax•rs. Borrower and Lender covenant and agree as #ollows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and in-
<br />terest on the inci<rbtedness evidenced by the Note, prepayment and late charges as pmvided in the ItiTOte,
<br />and the principal of and interest on any Future Advances secured by this hlartgage.
<br />2. Funds fo- Taxes and Insurance. Subject t.o Lender's option under paragraphs ~ and 5 her~~r f, Bor-
<br />rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br />Note, until the Note is paid in full, a sum therein "Funds") equal to one-twelfth of the yearly taxes anc!
<br />asssessments which may attain priority aver this Atartgage, anri ground rents an the Property, if any plus
<br />one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of y~ariy ltrentium in-
<br />stalltnents for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender crn the basis of assessments and hills and reasonable estimates thereof, Lender shall apply the Funds
<br />tin pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge far sa
<br />balding and applying the Funds ar verifying and compiling said as.essments and bills. Tho Lender shall
<br />grve to tits Borrower, without charge, an annual accaunting of the Funds showing creditq and cleUits to the
<br />- Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br />security far the sums aerated by this Mortgage. The Borrower agrees that the Funds may be held by the
<br />Lender and cottttningled with other funds and the Lender's own funds and the Lender may pay such items
<br />- from its own funds and the Lender shalt not be liable for interest or dividends on such Funds.
<br />If the amount of the Funds held by Lender, together with the future monthly instalHnents aI Funds
<br />payable prior to the due dates of '„axes, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required to y said taxes, assessments, insurance premiums and gmund rents as they fall. due,
<br />-such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Harrower on
<br />monthly inataitmertts of Funds. If the amount of the rands held by Lender shall not be sutticient to pay
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />`any amourit necessary to make up the deficfency within thirty days after notice #ram Lender taBorrower
<br />requesting paytrent thoreaf, ar ;3atrhv~er ;$x11, by art increase in monthly installments of Funds required,
<br />- repay the deficiency within the Fund accounting period.
<br />tllxtn payment in felt of all sums secured by this Mortgage, Lender shall apph• Funds held as a credit.
<br />against all earns due.
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