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<br /> INDIVIDUAL
<br /> �UE ON SALE
<br /> ��RST OPTIONAL FUTURE ADVANCES
<br /> �A�pA� SAVINGS FUND
<br /> t"CV��Ru�M* FORn� No.720
<br /> � 0-�rR►�-N l.oan Number____�4228_-___143-_1___
<br /> � Typr. Brdnch
<br /> 77- (�C)4791 M O RTGAG E
<br /> , THIS MORTGAGE, made and executed this ._......�.�i'............... day of ....�.t.�s.�.�a.,.� :::. A.D., ` .
<br /> � 19...7.7.:_,between the Mortgagor, _�ren._C,...K�st�nQ15..�nd__Ga�g�_.M,, .Ka�.tanekc,`.-�tus.bamd..and..Lzife, "
<br /> ; jointly_and each in their own right,--_--- -----------------_-,-----------
<br /> ...._..._. ......... ...... • ---.._.. .. . .......------•
<br /> ' ' of,..._Grand_ Island._ County of.. ......_�11...... ....... ...State of..rTebr�sk�...__..,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 referred to
<br /> as Lender.
<br /> WiTx ssETx: That the said Borrower for and in consideration of the sum of ..��R�X..�tiOUSAAID_...
<br /> ---------------- � 301000..00...
<br /> AND NO�100----------------------.--.'.... .... ................._ Dol.ars (US$----..... .. :..., _)
<br /> ... ..... . .....�--�----.... ...__..----
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> following described property located in the County of ........tx1�.�__......... .............. State of Nebraska:
<br /> Lot Six (6) Western Heights Third Subdivision, Ha11 County, Nebraska.
<br /> E
<br /> L TocsTxEs with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenancea, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to the pruperty, ali of which, inciuding replace-
<br /> ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Property, t.hat the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title eertified
<br /> by bonded abstracter.
<br /> PROVIDED ALWAYS, aI1C1 'th�SC j7T8SEritS 8Te @XeCUt2CI 3riCI(I211VCP2CI llpOIl the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> . The Borrower agrees to pay to the Lender, or order the principal sum of_T73I$TY..THOU�ANA AND_...
<br /> � .__NO/100-------------------------------------'-------.'.Dollars (US $.30x000.00,---... .------��
<br /> . ---...... ._...................•-- -..... .---._..----...--- ------......... ;•
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment af principal, �
<br /> r if not sooner paid, on the_...7..st_. ........___. day of.............Sap.tembex... ........,zt8..2L)A6 ',:
<br /> UxiFoant CovExwrrTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal cmd Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the NoCe, prepayment and late cliarges as px•ovided in tlie I`Tote,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage. � �,;'
<br /> �
<br /> 2. Funds far Taxes and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor- s �r�;'
<br /> rower shall pay to Lender on the day monthly installments of principal and interest are payable under the r �h�;
<br /> Note,until the Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and µ rt r�tt*,
<br /> �gsessments which may attain priority over this Mortgage, and ground rents on the Property, if an,y plus t,��",+�.
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of ,yearly premium in- �,.�s;
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by `ar h����';
<br /> Lender on the basis of a�sessments and bi]ls and reasonable estimates thereof,I.ender shall apply the Funds r�a�t;'t.
<br /> to pay said taxes, assessments,insurance premiums and ground rents. Lender slaall make no charge for so ���
<br /> hol3ing and applyu�g tl�e Funub ur verify3ng and coinpiling saici as�esc;tnent� ancl t�ilis. Tlie Lendei•shall °' ` "
<br /> ' give to the Borrower, without charge,an annual accounting of the Funds showing credits and debits to the ' ° fmF`
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional ��' 4
<br /> ' security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> Lender and commingled with other funds and the Lender's ocvn funds and the Lender may pay such items `�,
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds. *F7�,� "` k"4�r;
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds � �,�
<br /> payable prior to the dve dates of taxes, assessments, insurance premiums and ground rents, shall exceed '� �,�%
<br /> � the amount required to pay said taxes,assessments,insurance premiums and ground rents as they fall due, �,pv ����
<br /> such excess shall be,at Borrower's optiion, either pmmptly repaid to Borrower or credited to Borrower on �.•'
<br /> monthly installments of Funds. I# the amount of the Funds held by Lender shall not be sufficient to pay �'•
<br /> ; ts.ees, assessments, insurance prer�iuzns axid grour.d rents as they fall due, Borrox er shall pay to Lender '
<br /> any am�iint necese.ary to make up the defiriency within thirty daye after notice fmm i.ender tn Bornower
<br /> requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> ITp�n p�yment in fnll �f �ll Ri�mc c�rure�i hy this MO]'1P,Rj�,P, I,en�ler�}IA�I fln(lIV Ftmds hP1�1 a�a rre�lit.
<br /> _ � against ali sums due.
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