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„'F ta'I~ ~ ~~~,u. ,, ;, ,.. ~~ Ip~ I rI I~6~kFk..E := . ~~ Ol~i dOi`i~i ~'vTURE t~.~iVANtrES lY,r~rl~ lCAtir kti T2Q-{74 __..,. .. 1,.533:% s'~:'~"_-^~~_`4Z~'S~______ i~`~~ ___ ~ 79--Q~~~$ MORTGAGE __ , THIS ~i€~iFs i SAGE, made and r•;~-uted this . 3/ . - . .. day of ....... 3 D., i~~...., between the.'.,artgagar..,...Rob;:st.-Gane..Miilnez..and ~~tar~..e.. <~ er,..husbaaa. .-...--~- ~~f r ~. 3 airatly.- 3=?~...y~ch_- _n.. *h=_i* .p-„-:,- rf $~iL - of ...Gram .Zal.ar~.-.....-.., Coun#y of .. - ..Az1-~ .......... ... ....... State of . _-'_%e~rasl5a ,hereinafter referred to as the 3onoa•er, and the :4lartgagee, FIRST FEDERAL SAS."I_tiCS ?~~D LGAN ASSf1(.'IATIt3ld C3F ` LICOLti, 1235 "N" Street, Lincoln. Nebraska S5?~{.1, its successors and assigns, hereinafter referred tc a3 Lender. WtnvsssE:x: `c'hat the said Borrower for and in consideration of the sum of ...IHZ~I3_SZIQE..ZfiQtISAND -..S:X. xJ~~RED.-A:~~_NO(lOQ..--.---------.--°--.---.-----I3ollars (U5 3 34„5S}.Q,-~}.._..... -- ) paid by said Lender, does hereby martgage, grant a_nd convey tQ Lender, its successors and assigns; the following described property located in the County of ..-.........Ha11.__-._..--...__._-., State of Nebzaska: Iat Ten {19) in Island Acres No.7 a subdivision of part of Fractional Section Seven {7); part of the West Half of r_he West 1?lalf (W) cf Section Eight (8}; and pant of Lot Twenty-Four {24), Island Acres, all in township Eleven (li) North, Range B'iine {9} 47est of the 6th P.M., in the City of Grand Island, Hail County, `.ebraska TocE'rxFe with all the improvements now or hereafter erected on the property, and al! easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and mater stuck, and al! fixtures now or hereafter attached to the property, aL of which, including replace- ments and additions thereto, shall be deemed to be and remain a parti of the property covered by this t~iart a e; and ai! of the fore uin to th~r a:th void .+s. (or the leasehold Mate in the event this g g g K, tic t"a+"'-__ Mortgage is on a leasehold) are herein re#erred to as the "Property". Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to martgage, grant and ccnvey the Property, that the Property is unencumbered; and that Borrower will warrant a_-sd defend generally the title to the Property against all claims and demands, subject to any e~zemenr_s and restr;rt3ons listed ~n a schedule.of exceptions to coverage in any title insurance policy in- snring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified by banded abstracter. PsccR;risu A;,wnys, and these presents are exertted and delivered upon the fallowing candi=:~ior~, agree- ments and obiigatians of the Borrower, to-tilt: `o'ne Borraa=er agrees to pay tt~ the Lender, or order. the principal sum of -----:t~R`x~'..tII3.~c~r i$~lS ..._.SZ%-.HUhtDRhl?_~11dT3--NP.1.1Q0..---------.------~-.-----.----Dollars (liS S-. _.~91500.OQ.---- ; payable as provided in a note executed and delivered, concurrently herewith, the final pa}~trent of principal, if not sooner paid, on the ..-._-~irst_-_---.-- day o# --.--t?!?gust-.--.-- ----------------_ , 1~C.-2909 Uxteuxit Covexnw~rs. Borrower and Lender covenant and agree as follows: 1. Payment of Pztncipal and Interest Borrower shall promptly pay when due the principal of and in- terest on the indebtedness evidenced by the 1~Tote, prepayment and late charges as provided in the Note, and the principal of and interest on any Future Advances secured by thisL#ortgage. 2. Funds for Taxes and Insuraace. Subject to bender's option under paragraphs 4 and 5 hereof, Bor- rower shall pay to Lender on the day monthly installments of principal and interest are payable under the Note, until the Nate is paid in full, a sum (herein "Funds") equal to one-twelfth of the year,i• taxes and assessments which may attain priority over this Mortgage, and grotmd rents on the Property, if any plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in- stallments for mortgage insurance, if env, all as reasonably estimated initially and from time tai time by Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apps ~ the Funds ;,0 1'iay said taxa3, as,~sroents, insurdn:;e prensiams gird ground rer:ts. Londar shall na'ne no o'a=so far -o holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall give to the Borrower, without charge, an annual acrnunting of tkte Funds showing credits and debits to the Funds and the purpose far which each debit to the Funds was made. The Funds art: pledged as additional security #or the-sums secured by this Mortgage_ The $orrower agrees that the Funds may be held by the Lendez and commingled with other funds and the Lender's own funds and the Lender may pay such items from its. awn f~lnds and the Lender shall eat be liable far interest or dividends on such Funds. If the amount of the Funds held by Lender, together with the future monthly installments of Funds payable prior to the due dates of taxes, assessments, iizstnance prermums and ground rents, shall exceed the amount required to pay said taxes, sssessments, instrance premiums and ground rents as they fall due, such exrass shalt be, at Borrower'ct option, either promptly repaid to Borrower or credited to Borrower on :nonthiy installments of F=.:¢:ds. If the amount of the Funds held by Lender shall not be suf&cient to pay taxes, assessments, ir,a+3~.nce prermiums and ground rents as they fall due, $orrower shall gay to Lender any amount necessary tt,+ make ur+ the deficiency witlvn thirty days after notice from Linder to Borrower requesting payment thereof, or FSOrroWer shall, by an int7ea&e in monthly installments of Funds required, :may the deficiency n:tr;in the Puna a5hountirtg ~ticd. Upon payment in full of al! slime secured by this Rortgage, Lender shall apply Funds held as a credit against all sums due.