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<br /> DCic O�1 SALE
<br /> ' OPTlOhiAC,' FUTI.�RE ADVAMCES
<br /> � � �" SAVitVGS"�FIJIVD � � �
<br /> j '�.' FoaM�Na_720. � . �� �. .� . .
<br /> " ��-�� Loan N�amber__�_3 3374 —�188 --~ 1 _^
<br /> .' . � TyDe�� B�anth . ..� �
<br /> .� . . ': , .. .
<br /> � �'�i��3 i���. `�� �t: �C� ����T ��� A � E �����
<br /> � TFii3'3�+I(3RTGAGE� mad��nd�executed tt��s fl day of �-' A I7'
<br /> i 19� '3`1.,.,betwee�the Mo�ga�or, : Ja�g�� $ �eagq a�sd Shirley M I,eaga usbanct ax�c� w3���,
<br /> �
<br /> � ,_i��.n��7c �� �a�1a �.� .�h��,�..:� xi��s ..,. -.._,.
<br /> . _ .._.......
<br /> ��, of Sr.F��3d L�lau¢_.,_._. �Cvunty o�.._......_.._..$a17,.._ . ._. ...,Stute of.._Nebraska......_,hereiaafter refer�ed �
<br /> `a ta as the Barr,c�wer, and the Mortgagee, FIftS'T FEDERAL SAVII�GS AND LOAN ASSOCIATTON�DE'
<br /> I.I23�OT.1�7,.1235"N"' Street, Lincolri, Nebraska 68501, its succe.ssors and assigns, hereinaf�er referred to
<br /> '
<br /> '� As I.endex.
<br /> r� ,
<br /> � WtxNsssr;�ex: 'That�he said Baarower for and in coxasideration of the sum of THIRTY 'TWO THOUS_AND ' ;
<br /> � ONE AITNDREII F7k'TY At�7D NO/lOQ ..
<br /> :� ., ........... ..... ........ ..__..-•- ... ...:.- --.._ . .. _....__- - -------DoCars (iIS 5:,..32 15D a00...: - _ ::?
<br /> � �aid by sFud I,ender, doe�hereby rnaxtgage,gr�.nt and coavey to Lea�der its suecessors and assigns; �he ` '
<br /> � ollowing idescribed property located 3n.the County of ---•-- .. Hall .. ..._.--_--.., ��ate of-hTebraska: ' '
<br /> ,� p
<br /> j� - Lat Ts�o (2�, Island Acres 1Vo . 9, an Addition to the Ci�ty of Grasid
<br /> =sl:and, Iiali Couni�,�Tebraska. °
<br /> e� � � � � � a
<br /> ,
<br /> "� ;: :
<br /> �;" r TocE�xEg with all the improvernents now or hereafter erected on the property, and all easements, . ' ;
<br /> '� right.s, appurtenances, =ents, royalties; minerai, oil and,�as rights �nd:profits, water, Evater rights, and
<br /> '�' water stock, aad nll fixtuaes now or hereafter a�ttached to the property; al1 of which, including+replaece-
<br /> men�s and additions thereto,shall b�deemed ta"Ue and r+emain a part of the'property covered by this
<br /> s� 1VZortgage; artd.all of the faregoing, #,ogether with said pr+operty (or the iea_Sehold estate'in the event this
<br /> u,� Mortgage.is ora a lesseho�d) are herein referred to as thc. "PropertY"
<br /> �i�,_ Bormwer covenants�hat Borroticer is lawfu]l,v seised c�f the estace hereby canveyed and has the right
<br /> :`fi, to mortgage, gaant and.convey the Pxoperty, that the Property;is unencumbered, and that iBorrowex will
<br /> � , warranG-and defend geneaaiiy;the tit3e'to the Pioperty against.al1 claims and`demancis;.subject to any
<br /> easernents and- restrictions listecl in a schedule of exceptio�s to coverage in any title insurance potiey in-
<br /> ;� sixrirlg.Lender's interest in the Pmge�ty;or (2) uttorney'a opinion of titde from abstract of title certified
<br /> �� by b+ondea abs�racter.
<br /> PROVIpED ALWAYS, and.these:presents are �xecuteci�and delivered upon the foliowing conditione,agree-
<br /> � m.en�s and obligations of the Borrower, to-wit: , ` .
<br /> E , !
<br /> '� The:Sorrawer agrees: tm pay to t£�e Lender nr order the pnncipal sum of TI3IRTY TWO THOUSAND -
<br /> .s
<br /> ; QNE 3iUNDRED,FLFTY._t1ND NOf;100... .. :.. .. .. ....--- . ---•.---�ollars (IIS�w"_...32,150 OO..:i: ._... .)
<br /> .� payai�le as pmvided in'a aote r.xecut�d and deliuere�,concurrently l�eaew�th, the finr�i paysnenG of principul,
<br /> ;' if no�saon2r paid;on the'.. .�s�:- --....... dag of.._. .... JuI.X-.::.:.. .,��i'.2QQ� �
<br /> ;� UNr�aMI Cov�xn�s�Loz=-ower sr.3?er��r ce.ensr.� and agrGa�,s fc:lc�s:
<br /> � ' I.
<br /> � E 1. Paymen3 of Priucip�al�d Inier�s�. .Borro�r✓er shall promptly pa,y when dne the princz�at af and an-
<br /> r
<br /> ,� terest on the indebtei3ness evidenced by the Note,prepayrnent and late charges as provided in the h?ote,
<br /> �� arsd#.he,principal of and'iFaterest on az�y Future�'�dvances secured by thie Mortgage. ' •
<br /> °°�'� 2.Funds for Tmces aad Ittsuzcmce. Subject to Lender's option uncier paragraphs 4 and 5 hereof,Bbr-
<br /> '':� rowe�r shail-pay�to Lencier on the da�monthiy�uistallments af principal and interest are payable under�he
<br />?� ,1" 1Virte,until the Note is pa3d in fu11,a sum (hereiai"Funds°°) equal to one-twelftt3 of the'yearly f�ges 2zid
<br /> s assessu�ents vvt�ich ma�at#ain prioriCy over this�Iortgage, an1 groun�cl rents on,t3ie Praperty, if any n�us
<br /> � one-twelfth o#year2y prernlum instal3ments for'hazard insurance, �lus ane-t�vel£th af 5�early premium an-
<br /> r � AtalIments fc�r snortgage ineurance if any, all as reasonably estimated initia3ly and from tiz�e to time �y
<br />� LL I:k.3nc�er an the basis af assessments and bills and reasonakile estirnates thereo£, I.ender shall ap�ly the Funcl:,
<br /> tv pacy ssid #a�ces,assessimeats,insurance premiu�ns and ground rents_ Lender shali rnake no charge far so :
<br />� s hoidia�g and ap�lying the k'unds or verify�ng azs�d compiling said ass�;sments ansl bili�. `I:h�Lender z;hall
<br /> ` K�vr iv irae.00raower wstisout cna
<br /> , rge, an annuai .accounting of the F'u�ds show3ng credits and deUits io cmne
<br /> =n
<br /> s� F'unds and the�urpose�or which eacta debit tr�ttae Funds v�as mar3e.The F unc3s are piedged as additiomal �
<br /> �� securaCy for th�bums s�s�ed by this Mortgage. The Eiorreswer agrees that the-Funds tnay kwe lieid t�,y t3ie
<br /> M� Leruier and cots�mingied.iv�th othez ftznds:and th�Lender's:owa fu�sds and the Lender mav I�ay auch iterns
<br /> r = frostz its.own#unds aad tt�e Lentler shali not be liable #or interest or dividends on such Fauads. - „� °=- ;';��,
<br />� �- �f the amounx of the�'unds 2aeId�y Lender, together with the fu3ure monthYy ixustallm�nts of Fun+ds a n
<br /> � pa�s�ia pzissar'#�€>t�lae d�ae�at.es of'Gax�,ascx�m,�ute, isasu�8[�e�pr��u�xs�c� A�:��:c :e�fs� snaIl exeeed �
<br /> a
<br /> ` thke ssmouint�*used<tu,P�`said taare�,uas�smePats,insara�tce premiur�s axid grouad rents as thsy iail due, �y
<br />�� suchi exc�ss.�#sa,�L�e,at Borrower's option;eitt►er pnomptly irepeid to�orrbcver or credi#ed tcr$orrower on
<br /> B
<br />� �;; mqnf;3�r i�sxal3�nents mf_I"unds..if th�amouut c�f the�'uirxis held by Lender�shatl not be sui3icient ta pay �`
<br />� p tas�c�s,.�r�etearaGx�+•,,=•=�ara��re�sivss�aicd�m�and rents�x tisev iai?due. $artrswer shatii{�.av�to Le►tu•rr s.`,
<br /> �sz5 :�uount..�e:.ess�ry to�sl:e up tI�de&cie�cs�tivat}�in�.l�r#,y dayn�#i.er nvtice;som I.ea�des to Barrax�r ,�, �,,
<br />�, r i�se�wi�n�_�a3'�emt#,heremf, or Soxxe�sver sha33, �+y an i�cscr�ase ia�z�thl,y installr�ents af F�nds require�d,
<br /> �� re��the d�ciAe
<br />�,�:, ncy wsk�i�t�ae Fund-scxount�sg period. .
<br />� :: . �'pox�`g��;znent in#ul'.' Af ai2 sxkz�s.scoured b�this Ai�r�gagz,i�:.uu�er sha23 sp�3y Funds lzcld as a cre�it
<br /> agair�st ai�z.w�s due.
<br /> �-.�rm„: � �
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