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1 �
<br /> INDIVIDUAL
<br /> [�UE ON SA�.E
<br /> OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> . � F�pM N�.72�
<br /> Loan Number__ 35219 __-_ 188__-____.1_
<br /> Typ< 9..�clr
<br /> 77- O(�7� .79 MORTGAGE
<br /> THIS MORTGAGE, made and executed this _ _ _ . ___1..�day of �f+-��rM-�!L- _ . A.D.,
<br /> _.....
<br /> 19. ....77,between the Mortgagor, .R1Ch.�Fd..i,,. �a.le.s and. Gonn.ie S.. �ale.s> .h.uskand.and.wif.e.-
<br /> jointly,.and„e_ach...in _their__own..ri.ght,...,...,,.___,.
<br /> __._ .__.. __ . ._._.. _. _... __ .. ...._
<br /> of _.Grand_ Island __, County of _ _ ._.Hall_,. __ __ _,Stat,e of Neb.r.a.s.�ca. . ,hereinafter referred
<br /> to as the Borrower, and the Mort.gagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraeka 68501, its successors and as5i�ns, hereinafter referred to
<br /> ae Lender_
<br /> WITNE'Ni3ETH: T}18Y. the said Borrower for and in consideration of t.he sum of ..'�'.ENTS�.,.SIX._T.HQtlS.AN1D
<br /> --------------_---------- --------------t�ol:ars (US� _....
<br /> AND NO/100-.- . .__.. _. ... _ .._ _ _ _ _ _ _26..000.-.Q0. )
<br /> paid by said Lender, does hereby mortgage, grant and convey to L.ender, ils succeaEots and asaigns; the
<br /> following described pmperty locatrd in the ('ounty of _._Hall _ _ _ __.____ , State of Nebraska:
<br /> Lot Fifteen (15) in "Bernhard Vo�s First Subdivision" being part of Lot One (1),
<br /> Voss Subdivision in the Southwest C�uarter (SWu) of Section Eleven (11), Township
<br /> Eleven (11) North, Ran�e Nine (9) West of the 6th P.M., in Hsll Co�mty, Nebraska.
<br /> TOGETHE6 with all thr improvemrnt� now ur hereafter errcted on the property, and all easements.
<br /> rights, appurtenancea, rent.�, rovaltie�;, mineral, oil and gas rights and pmfiGs, water, water righta, and
<br /> water stoc•k, and aA fixtures now or hereafter attached to the property, all of which, includin� replace-
<br /> ments and addition�thereto, Fhall be deemed to be and remain a part of the property covered by this
<br /> Mortgage; and all of the foregoing, together with raid pmpertY (or the leasehold estat.e in the event this
<br /> Mortgage ie on a leasehold) are herein referred to a5 the "Propert.y".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Propert_y, that t.he Propert,y is unencumbered, and that Borrower will
<br /> wartant and defend generally the title to the Pmperty again�t a❑ claims and demands, subjcct to any
<br /> easements and restrictione listed in a rchedule of exceptions to coverage in any title insursnce policy in-
<br /> suring Lender's interest in the Property, or (`L) attorney's opinion of title from abstract of title certified
<br /> by bonded abetracter.
<br /> PYov[neu ALWAYB, and thece presents are executed and deliverr.d uEwn the following conditions,agree-
<br /> mente and obGgations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender, or order, the prinripal sum ofTGIE�iTY. SSX_THOITSANII .AND
<br /> NIIl.100- _.----------------- _ ---- ------ -------------�ollars (l!S Y+ 26,DIIO.OQ_ _ ____J
<br /> _ _ . .
<br /> Payable aF provided in a note executed and delivered.��oncurrently herewith,the final pavment of principal,
<br /> if not r,00ner paid, on the lst day of Jarivary , Y§Y �00'7
<br /> UNiFti�s�t CuveNeNTa I3orrower and Lender �•ovenant and a�ree as Sollowti:
<br /> 1. Payment of Priaeipal mid Interset. Sormwer vhall pn�mptly pay when due the principal of and in-
<br /> ten�;t oo the indebtedness evidencrd by thr Note, prepayment and late charKe. aR pruvided in the NoYe,
<br /> end the principal of and interest on any Future AdvanceF�ecurrd b�� thi� Mnrtgage.
<br /> 2. Funda for TaYea and Ineur�ce. Subjec•t to Lender's o�4ion under F�araKraNhs 4 and 5 hereof, Bor-
<br /> rower rhall pa,y to Lender un the day monthly installmentti of principal and interest xre payable under the
<br /> Note,until the Note is paid in full,a sum (herein "Funds") eyual to one-twelSth of the ��early taxe, and
<br /> se�ments which may attain priority over this 'b9ortgage, and �;round rent. un the FroE>ert��, if an> plus
<br /> une-Cwelfth of yearly premium instaillments for hazard innurancr, plus unt�-twelftii of yearly Nremium in-
<br /> ctsilmentc fnr mort�a{�e� in�urancr. if anv, xll ac rc�a���nahh� e�ctimatod initiz�llv an�i fr��m tirnf• tn fimr hv
<br /> Lender on the baeis of asreeu;mente and bilis and reasonable�er,timates thereof,I..ender Shall apply t.he Fundti
<br /> to pay eaid tazex, asseesments, ineurance premium�s and gmund rents. Lender .hal! make no charKe for vo
<br /> holdiag and applying the Funde or verifyinq and compilinR �+aid ae�hsment� and bill�;. ThP I.ender shall
<br /> give to the Borrower, without charge,an annual accounting of the Funds showing crcdits and debits t<�the
<br /> F�utds and the purpoxes for which each debit to the Funds was made. The Funds are plydged as addit.iona]
<br /> eceurity for the sums eecnred bY tfiis Mortgage. The Bormwer egreec. that the Fund� may t�e+ hel�i by the
<br /> I�nder and commingled with other funds and the L.ender's own fundF and the Lender may paY such items ^
<br /> fiwn its own funde and the I.ender ehall not be liable for inteeeat or dividends on �uch Funds. k: � R
<br /> , If tlse amount of the Funde held by Lender,together with the future monthly installmenth of Funds `��
<br /> p�yab�priot to tbe due date�a of ta=es, seeeatments, insurance ptemiume and �;mund rents, shnll exceeci s�
<br /> t.i�e amoont requ�e�'1 to paY eaid tazes.a�eagmentx, insuranoe premiumF and Rround mnt�ac thev fall due.
<br /> sucF+�c�eaa�eN be,et l3orrower'e�option, eitfier promptly repaid to Bormwer or credited to Borrower on
<br /> u+�nLifly eerlaiinfeata of Funds. lf the amount of the H'unds held b,y l.ender�hall not be�uttic•�rnt to pay
<br /> tases. sere�amenf/. ineur�aeoe pretniuma and `round rents as they fall due. }3orrower shall pay to Lender "
<br /> �Y�t�rY to make up the deficaency w�ithin thirty days after notic+e from Lender to Borruwer
<br /> requettiaR pavme��t thr�f. � R�x�r►w�w� Al�wli, hy 11T 1R('TPl1aP in m�nthl��enutAllm«•nt<<�f F��n�i� rv�t�iirrri
<br /> nWY � �6cie�ncy within the Ftind aocounting period.
<br /> llpon pay�uent in futl of atl xum��cured by thiR Mortgege,Lender Shall appl�� Fundti I1rI�I A�a ��rc•clit �
<br /> against ail eumB dur.
<br />
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