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<br /> IfVDIVIDUAL
<br /> DUE ON SALE
<br /> ��'�� OPTIONAL FUTUFtE ADVANCES
<br /> SAVINGS FUND
<br /> �� � FORM No.720 � . �
<br /> �� Loan Nurnber___36376__- 188_— 1
<br /> Type BrancN � � � �
<br /> 78- 3J0258� MORTGAGE
<br /> I I$MORTGAGE,made and executed this ...... ...�..�.'�.............. day of . ...�.►.�.Y_.................. A.D.,
<br /> 19_-.7.�between the Mortgagor,..Josept�.D,_._Jo,7..gz_ .�d...Ga7C9.1...A. .Jo.J.et,....husban�..and..s,�i£e.,......_.
<br /> � _..jointly_and,each__in._their_own,_right,,__.
<br /> � '' --------------�---.....--•------�----�----...-�--�--•�-----.._.......--�--�----•--.._.._.....
<br /> of _..______Grand__Island County of .... Hall________________,State of._.N�bx.&sk3......_.,hereinafter referred
<br /> -�--------� -•--..
<br /> to as the Borrower, and the blortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, I235 "N" Street, Lincoln, Nebraska 65501, ifs successors and assigns,hereinafter referred to
<br /> as Lender.
<br /> ; WITNESSETH: TI78t t}1B S81(1 BOITOWCT for and in consideration of the sum of.. FIFTY.ONE._THOUSAND
<br /> ; EIGHT._HUNDRED__FIFTY AND_NO/100---------c.--.--r.----r..-.Dol:ars (US$...S,L.s.8�0. .0.Q------ ---------)
<br /> , _ ...-�---------- -. .. ... . .
<br /> paid by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ; followin described property located in the County of ................ Ha,�.7,...___.,.__ .., State of Nebraska:
<br /> Lot Seventeen (gl7), in Hidden Lakes Subdivision Number Two (2), being a part o£ the Sout22east Quarter-:
<br /> of the Northeast Quarter (SEuNE�) o£ Section 13, Township 11 North, Range 9 West of the 6th P.M., in :
<br /> Hall County, Nebraska, excepting 0.0�+ acres of land, more or 1ess, and more particulary described as:
<br /> ;Co�encinro at the most Southerly corner of said Lot Seventeen (17): thence £rom said poi.n.t o£ com-
<br /> :mencement North 65�11' West along the Southerly line of said Lot a distance of 169.82 feet, to the
<br /> most Westerly corner of said Lot: thence North 43°0�+' East along the Westerly line of said Lot, 16.00
<br /> 'feet to a point: thence leaving said Westerly Lot line, along a line which bears soutn 62a3i* Esst a
<br /> "distance of 165.58 feet to the Easterly line of said Lot: thence South 29°30'30" West along said
<br /> >Easterly line 7.50 feet to the poi.nt of commencement.
<br /> TOCETHER WItIl 8II b}70 improvements now or hereafter erected on the property, and all easements, � � �
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fiactures 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 cavered 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, that 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 po]icy in-
<br /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracten
<br /> PROVIDED ALWAYS� and these presen�s are exewted and delivered upon 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 __.FIFTY..ONE.THOUSAND._
<br /> � EIGHT__HUNDRED FIFTY AND NO/100---------------.--------Dollars (US S.-5..1.>.$�Q_..QQ------..__..-------)
<br /> _ -------------------�---�-- �--� --- ...
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ,i if not sooner paid, on the........�'irs_t..._-... day of_..---.--.I'4AY._._......................... 792Q07.
<br /> ? Ux[soRM CovExaxTs. Borrower und Lender covenant and agree as follows:
<br /> 1. Payment of Principal�d Intarest. Borrower shall prornptly 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 /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> ' 2. Funds for Taxes �d Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> ' i mwer shall 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 ancl
<br /> assessments which may attain priority over this Mortgage, and ground rents on 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 by
<br /> Lender on the basis of assessments and bilis and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said taxes assessments,insurance premiums and ground rents. Lender shall make no char�e for so
<br /> holding and applying the Funds or venfying and compiling said assessments and bills. The Lender shall
<br /> give to the Borrower,without charge,an annual accounting of the Funds showing credi�s 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 /> aecurity for the sums aecured by this Mortgage. The Borrower agrees thnt the Funds may be held by the '?c, ,
<br /> ;j Lender and commingled with other funda and the Lender's own funds and the Lender may pay such items '- �, `
<br /> from its own funds and the Lender shall not be]iable for interest or dividends on such Funds.
<br /> �. r
<br /> If the amount of the Funds held bq Lender,together with the future monthly inetallments of Funds I
<br /> payable prior to:'the due dates of taseg, aaseasments, insurance gr
<br /> ; required to premiums and ound rents, shall exceed " �� = •
<br /> the amount pay said taxes,aseessments,insurance premiums and ground rents as they fall due, ,�I
<br /> such eacesa sha1L be, at Borrower's option,either promptly repaid to Borrower or credited to Bonower on '` ;'
<br /> monthly installments of Funds. If the amount of the Funds held by Lender shali not be sufi'icient to pay " "`'-�.,�.
<br /> ta�ces, assesementa, iasurance premiums and gronnd rents as they fall due, Borrower shall pay to Lender � �"""
<br /> any amount neceasary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> requesting payment thereot, or Borrower ahail, by an increase in monthly installmentr>of Funds required,
<br /> repay the 8eficiency within the Fund accounting period.
<br /> Upon payment in full of all sums secured by this Mortgage,Lender shall apply Funds helcl as a credit �
<br /> againet all sums due.
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