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<br />ItUDtVIDUAL
<br />~' atsE oil sAL
<br />OpT1ONAL FUTURE At11VANCES'
<br />SAVINGS FUND
<br />FnttM N0. 720-474
<br />Loan hiumber_?*?7?5 ___-__168 __ i
<br />rr,. -a.a~~ti
<br />79-• _ -~~~_ - 1VI O R T G A G E
<br />THIS MORTGAGE, made and executed this .........~ a .............. day of --.....f..-. A.D.,
<br />19_7.Q.--, between the Rlortgagor, ..~T.o!?b?.-W,.--~rcicr._er-.-and..~osephire..~}., ..Bx'.~.c:KUex., _:n?>,sbaztd,..anfl.--
<br />w?:fe,--,1oint?-Y.. ~ncl--each-, in, tneir_,oirn-right..
<br />of -_- GraaQ_Tsland ,County of ._...-Hall-_,,,,,,, ,,,,,,,,,,,, State of .-.fdebraska„ _„_, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINt=S AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />Wt•rxssseTx: That the said Borrower for and in consideration of the sum of . F~OR'1?Y..2'WO_.TfiO.LTS.APID
<br />FLV~,HIINDR;~,-A.nID,.NO%100--.---.-.-----.-----.------.----.----:Dollars (US 5.~±2aJ~~.4...QS?._...-_.......--.-)
<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 _..._Hall,.,,_.._,-_,,,,,,,,,,,,,„ State of Nebraska:
<br />Lot Pi.ve (5) in Black Two (2} West Bel Air Second Addition
<br />to the City of ~~rand island, Hall County, Nebraska.
<br />ToceTxEa c:ith 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 thereto, 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 tine leasehold estate in the event this
<br />Mortgage is on a leasehold} are herein referred to as the "Property",
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and Canvey the Property, that the Property is unencumbered, and that Borrower will
<br />warrant. and defend generally the title to the Property against all claims and demands, subject to any
<br />easement.: and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender`s interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />PItOV`inEU Atwnys, and these presents are executed and delivered upon the #ollowirtg conditions, agree-
<br />ment-. at~d abligatiorts of the Borrower, to-wit:
<br />The Elarmkvar agree to pay to Lha L•endnr, ar and€r, t-he principal- suet of ~='~~`. ?"'~~'~uCt:-?~?:.-.-.---
<br />- .F1Vt;_li1TAVA~k:[?.AS~]I?.-Nfir!100----.-----,-----...'.:.---------.--.-Dollars (tiS ~u42~~~7.Q0. ........)
<br />_......
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not loaner paid, on the ..first.___...... day of ._...~sntzary-. .-.-.___ . app!{
<br />UxrFaaM Covi•;xAx•rs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly pay when clue the principal of and in-
<br />terest on th€~ indebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br />and the principal of and interest on any Future Advances secured by this Mortgage.
<br />2. Funds toe ~'axea and Insurance. Suf',jet~t to bender's option under paragraphs •1 and 5 hereof, Har-
<br />rower shall pay to Lender on the day monthly installments of principat and interest an payable under the
<br />Note, until the Nate is paid in full, a sum (herein "Fund::") e~lual to one•tWelfth of the yearly tact=s and
<br />assessments which ntay attain priority over this Mortgage, anal ground rents oft the Property, if any plus
<br />one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br />staltments for mortgage insurance, if any, all as reasanabl}° estimated initially and from time: to time by
<br />Lender nn the basis of assessments and bills and reasonaisle estimates there•csf, Lender shalt apply the Funds
<br />to pay said taxes, asY€~ssments, insurance premiums and ground roots, f.t~ndar sh°Ell make: na elargi~ for 30
<br />holding and applying the Funds or verifying and compiling said asse:~.sments and hill , 'I'he I~nder stall
<br />give to the Harrower, without charge, an annual accounting of the Funds showing credits and debits to tho
<br />Funds and the purpose far which each debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums secured by this Mortgage. The Harrower agrees that the Funds tnay be held by tha
<br />Lender and commingled with other funds and the Lender's own funds and the Lender may pav such items
<br />from its own funds and the Lender shall .not be liable for interest or dividends on such Funrjs.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds
<br />payable prior to the duo dates of taxes, assessments: insurance premiums and ground rents, shall exceed
<br />the amount required to pay said taxes, assessments, :nsurance premiums and ground rents as they fall due,
<br />such excess shall lee, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by Lender shall oat be sufficient to pay
<br />taxes, assessments, insurance pretnirms and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the rleflciemcy within the Fund accounting period.
<br />Upon pttyrnent in full of all sutns secured by this Mortgage, Lender shall apply Funds held as a credit.
<br />against all sums due.
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