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<br /> IN�IViDUAL
<br /> n DUE ON SALE
<br /> �R��J����V� OPTIONAL FUTURE ADNANCES
<br /> "
<br /> ��.� S R�ft No.s20 U►VO � .
<br /> ��NC�N Loan Number_3�±1g3---- --.�,�$_-__7.__
<br /> , :, . . � . � � � � � � rroe � e.ao�n
<br /> � ��. �a4�i6
<br /> M O R T G A G E
<br /> , ' THIS MORTGAGE, made and executed th�s :�g.. ._, _.. day of ...��-L �.���� A D_,
<br /> ; �`�'''
<br /> 19....7'7...,between the Mortgagor,....Kenneth._W, Ruf�'�.a._single._person ._. __._G.i�_... _:. ..
<br /> ; .: �-----••---••- -----------------��------•--.. ..........._........----......-------•---......... .....,... ...... ......_.,...
<br /> s ot....__:CcT�.a:.Zsland._..._., Gounty of -_.--Hau... .......... :.....State of...Nebraska......,hereinufter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOGIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501., its successors and assigns, hereinafter referred to
<br /> ay Lender.
<br /> ' WtTN�sssTx That the said Borrower for and in consideration of the sum of.��I-'.X..�9TI�AAW._:_:
<br /> F��CcH�'..��..?.�YA.NO/100-r.. .......----------------.--r.-r.Dol'ars (US $20?$O.Q.44 ......
<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 ...._...?�all............ ........_. .,State of Nebraska:
<br /> • ; The Northerly Forty four {N44') feet of Lot Four {�.) and the
<br /> � Northerly Forty Four Feet (N44' ) of I,ot Five (5), in Block
<br /> Twenty Une (21) in Schirr�er's Addition to the City of Grand
<br /> Island, Hall County, Nebraska.
<br /> k ToceTftsa with all the improvements now or hereafter erected on the property, and all easementa,
<br /> ri$hts;appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and a17.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 the leasehold estate in the event this
<br /> Mortgage is on a leasehold) aze herein referred to as the "Property".
<br /> ; ,�` .
<br /> ' k Borrower covenanta that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to martgage, grant and convey the Property, that the Property is unencumbered, and that Borrower wiil
<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 certified
<br /> by bonded abstractea
<br /> 3 PRovin�n ALwars, and these presents are executed and delivered upon the#ollowing conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> ' T'he Borrower agrees to pay to the Lender,or order, the principal sum of��?' �OUSAND EIGHT
<br /> ` -----------.-DO11aTS (US $-... z-----..._ .
<br /> , SiUPIDRF,I�._A1�..N0,(200--.----.-----.-----.----.-.--. . .. ......... 20 800.00... .._ �----... )
<br /> payable as provided in a note executed and detivered, concurrentl,y here�vit.h,the final payinent of principal, n
<br /> s if not sooner paid,on the _...fzT�.�...... ._... day of....SeptEmber.. _._ ..__. 1�2006
<br /> U�vcFoaM COVENANTS. B0I70wer and Lender covenant and agree as follows:
<br /> 1. Paymeat of Pzincipal and Interest. Borrower shail promptly pay�when duc the principal of and in- '
<br /> terest on the 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 Mort.gage.
<br /> 2. Funds for Taxes and Insurcmce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shaIt 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 (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> � assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yeariy premiurn 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 tune to time bsr
<br /> i Lender on the basis of asressmenfs and bille and reasonable est:imatec thereof, I,ender shall apply the Funcls
<br /> to pav CAIt� fAXPF, aGce�cments, i_nsurance premiems a*-�d �roLad �er,±s. I:eader s!=a11 xs?ce no ^harbc for se
<br /> holding and applying the Funds or verifying and compiting said assessments and bills. The I,ender shall
<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 d�bit to the Funds was made. The Funds are pledged as additional
<br /> security for the suins secured by this Mortgage. The Borrower agrees that the Funds may be held by the '
<br /> Lender und commingled with other funds and the Lender's own funds and the Lender may pay such items ,,.r�y '
<br /> from its own funds and the Lender shatl not be liable for interest or dividends on such Funda � r '
<br /> ° , � r�k,,,
<br /> I£ the amaunt of the Funds laeld by Lender,together with the future monthly installments of Funds , • a��
<br /> � , payable prior to the due dates of ta4es, assessments, insurance premiums and g7ound rents, shall exceed �
<br /> ,- 's, the amount required to pay said taxes,assessments,insurance premiums and ground rents as they fall due, ' ���,
<br /> such eacess s�all he, at Borrower's option, either promptiy repaid to Borrower or credited to Borrower on '�" "
<br /> monthly installments of Fur�sls. if the amount of the Funds heid bu Lender shall not he suff-+cient to pay �
<br />� taxes, assessments,,insurance premiurns and�sound rents as theY fall due, Borrawer shall pay to Lender ' ��;
<br /> any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> requestSng payment thereof, or Borrower shall, by an increase in monthly installments of Funds required, �"
<br /> repay the deficiency within the Fund accountimg period.
<br /> Li�i>n payment in full c,t ali sums secured t�y this Mortgage,Lender shall apply Funds held as a credit
<br /> against all sums due_
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