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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> Fl�S'j' OPTIONAL FUTURE ADYANCES
<br /> ��` SAVINGS FUND
<br /> � � �.�`I�V�.N�. �Forxrn No.720 . � . ..
<br /> Loan Number__34125 __- 188 ____ 1 __
<br /> � .�. .. � . . . � . �. . 'rrce s.n��ce
<br /> � �7- U���9�
<br /> M O R T G A G E
<br /> THIS MORTGAGE,made and executed this ......:.....� .: day of.G..-G.._ ......__. ..:......._ A.D.
<br /> • 19...._77, between the Mortgagor,..Wi,lliam A. Stettner and Georgia l.. Ste t�usband an�
<br /> ..... ......................._-
<br /> � wife ointl and each in their own ri ht
<br /> ��-----�--a_,�__........-y------- • ........ ......... ......... g----'•--- ... . ........_.... ....- --... ... _...---...---�--.._.........--------
<br /> of .....Grand Island _ County of ......_...Ha11 , State of..,Nebraska ,hereinafter referred
<br /> ----��--- •--�--�-�---� -
<br /> to as the Borrower, and the Mortgagee, FIRST FEDEI2AL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its succe.ssors and assigns, hereinafter referred to
<br /> as Lender.
<br /> e WiTxEssETx: That the said Borrower for and in consideration of the sum of ..�IRTY,.ONE._TE�4LT$AATD
<br /> .k'�I�..I�[T�AI?�P.AND.NO/100---------c--n-------c-------:�ol:ars(US$.31,500..9A.. .....:.......)
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> � following described pmperty located in the Count,y of ........ Hall._.,_ ... .,____., State of Nebraska:
<br /> Lot Eleven (11) in Meadow Lane Subdivision, Hall County, Nebraska.
<br /> TocETxea with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rent.s, 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, ail 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 the leasehold estate in the event this
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Bormwer 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 will
<br /> warrant and defend generally the tatle 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 insurance policy in-
<br /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified r
<br /> by bonded abstracter. "
<br /> � PROVIDED ALwnYs, and these presents are executed and delivered upon tl�e following conditions,agree- . .� �
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender,or order, the principal sum of.Tkt�RTX...ONE._THQAS.AND..._
<br /> ` �-ESUE._HIJ�IDEEIl_AND..I3Q/1D.Q-rr--crr.----_.r..-cr.-.--r------r.-.�ollars (LTS$..37.,,59_O..DA.......... .......)
<br /> payable as provided in a note executed and delivered,concurrently herewith, the final payment of principal,
<br /> it not sooner paid,on the-.---.....7.st ......... day of...-_.._.Augtzst_..-.-.----_..._.---. gg-2006 °
<br /> ` UxiFoatvt Covexnxrs. Borrower and Lender covenant and agree as follows
<br /> {
<br /> 1. Payment of Principat cmd interest. Borrower shall promptly pay when due the principal of and in-
<br /> � terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> i and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Insurance. Subject to Lender's opt.ion under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall pay to Lender on the day monthly installments of principal and interest are payai�le under the
<br /> Note, until the Note is paid in full,a sum (herein "Funds") equal to one-t�velfth of the yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents pn the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time b,y
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shaU apply the Funds
<br /> to pay said taxes, assessments,insurance prerniums and ground rents_ Lender shall make no charge for so
<br /> holding and applying the Fnnds or verifying and compiling said assessment� and bills. The Lender Ghell
<br /> give to the Borrower,without charge, an annual accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> security for_the sums secured by this Mortgage. The Borrower agrees that the Funds ma,y be held by the
<br /> Lender and commingled with other funtls and the Lender's own funds and the Lender may pay such items
<br /> ftom its own funds and the Lender shall not be liable for interest or dividends on such Funds. ,� � �,.�
<br /> , ,_ . .N
<br /> If the amount of the Funds held by Lender,together with the future monthly instaliments of Funds �,y ,
<br /> � payable prior to the due dates of taxes,assessments: insuranee premiums and ground rents, shall exceed �
<br /> the amount required to pay said taxes,assessments,insurance premiums and ground rents as tl�ey fall due, �
<br /> � such excess shall be, at Borrower's option;either promptly repaid to Borrower or credited to Borrower on w � `..•
<br /> monthly installments of Funds. If the amount of the Funds iield by Lender shall not be sufficient t.o paY
<br /> taares, assessments, insurance'premiums and ground rents as they fall due, $ormwer shall pay to Lender
<br /> any amount necessary to make up the deficiencv within thirty days after notice from Lender to Borrower '
<br /> requesting puyment ther�of, or Borrower sliail,�by an inctease in monthly instaIlments of r unds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in full of all sums_secured by this Mortgage,Lender shall appl,y Funds held as a credit
<br /> - against ail stims duc.
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