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INDIVIIaIIJAL C~U!E tJN SALE ' pPTdq~N',A1L, Fl,t'Yt.lR~ AI]'V'AN+CES' SA'V'INGS FUNC3 FORM No. 720 Loan Number___40714__-__199_x__1__ TYce Branch ~S°° ~~£ MOF2~'G~4GE THIS MORTGAGE, made and executed this _._.._._.....lsg....._. day of ....,...._petober-- - - A.D., 13._y.q-.., between the Mortgagor.....Marlynn-.R,_Dexter-.and..Louise-.I._Dext.fir,,-11~,S.b1nd...ansi......... wife, jointly_apd-each..in_their- own- right__-.-- of ._Gxand--.Jslamd...__..._, County of ....... Ha11 ..._..__..._.._. State of ..Nebraska-. ,_--., hereinafter referred to as the Borrower, and the Mortgagee. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF . LINCOLN, 1235 "N" Street, Lincoln, Nebraska 58501, its successors and assigns, hereinafter referred to as Lender. WtTxesseTH: That the said Borrower fur and in consideration of the sum of ..FORTY._FOT.l~-.~HQU$AND E~I`IP..N.pL.194--c-r--cc---r-----r.c--r.-.r---.---c---.---r..--DoCars (US $..A4.,.404...44--_ ...............) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the following described property located in the County of ....Hal.l .............___....-...-..-, State of Nebraska: Lot Nine (9J Imperial Village °ighth Subdivision, City of brand Island,Ha11 County, iebraska TaceTxtaa with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, alt of which, including replace- ments and additions thereto, shall be deemed to be and remain a part. of the property covered by this Mortgage; and all of the foregoing, together with said propert3^ (or the leasehold estate in the event this Mortgage is on a leasehold} are herein referred to as the "Prapert}•". Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant. and defend generally the title to the Property against all claims and demands, subject to any easemenUS and restriction, listed ut a schedule of exceptions to coverage in any iitle insuntnee policy in- su_+in; L*_=rider's interes+. in the Property, or (?} attorney's opinion of t:tie from cbstract of title certified by bonded abstracter. Pacvnrr:> At.w.~v, and the-e~ press^nts are executed and delivered tig~n the fo;lowing conditions, agree- ments and r=blieations of the Borrewc~r, to-wit: The: 13orroc~`er agreer~ to pay to the Lender, or order, the principal sum of L=4HTY r'~`Iv`RTrit~I1SAN"Tl _ ._... 6Np-.Ii4I.194-_-. ------_s_-, _ ,•--___ ..._. --- _-----____-..-1)ollan (t 4 ~; .44.,£)44.Q.4 .............. ) payable as provided in a note executed and cle^livercd, concurrently hrmwith, the final paymenk of principal, if not- sooner paid, on the . .. >•s_r da>• cf _ - . 4etob,er _ RNS 2,909 liirtroens CovFNnN•rv. Burrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest Borrower shall promptly pay when due the princ•iptrl of and in- terest on the indebtedness evidenced by the--. dote, prepayment and late charges as provided in rife Note, and the principal of and interest on any Future Advances secured b}° this !1-tortgage. 2. Funds for Taxes and Insurance, Subj€-mot to Lender':: a]}tian under paragrnJahs 1 and 5 he,=z=t. Yor- rower shall pety to L,cnder on 'the day monthly installment:: «f principal and inh^rest. are payable uneler the Nate, until thc^ Note is paid in futl, a sum (herein "Fu~tds") eduai to ora>-hceifth of the yearly taxes and asst~sments which Wray attain priority over tlis ~iorrgage, an<t ground rents on the Property, if tut} plus one-twelfth of yearly premium iastatlhnents t'or bossed insurance, plus one-twelfth of yearly premium in- atallmt.nts far mort-gage insurance, if an}^, all as reasonably ~5timaied initialiv and from tune to hinte by Lender an the basis eri assessments and bills and reasonable estimates thereof, I,t:nder shall apply the Funds to pay said taxers; assessments, insurance premiums and ground rents. bender shall make no c)targe far sn holding and applying rho Funds or verifying and comp?iling laic{ assessments and bills. The Dander sha[I wive to the: Borrower, t+°ithout charge, an annual acrotmting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the FuncLs was made. The Funds are pledged as additional security far ttte sums secured by this Martgage. The Borrower agrees that the Funds may he hold by the Lender and commingled with other funds and the Lender's awn funds and the Lender may pay such items from its otm funds and the Lender shall not be liable for 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 texas, assessments, insurance premiums and ground Tents, shall exceed tho amount required to pay said taxed, assessments, insurance premiums and ground rents as they fall due, such excess shall be, at Borrower's option, either promptly re aid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by Lender shall not be suf&cient to pay tarxea, assessments, insurance premiums and graund rents as they fait due, Borrower shall pay to Lender any amount ne>.cessary tv rnako up the deficiency a~zthin thirty days after notice from Lender to Borrower requesting payment thereof, or Harrower shall, by an increase in monthly installents of Funds requirecJ, repay the deficiency within the Fund accounting period. Upon payment in full of all sums secured by this iVtortgage, Lander shall apply Funds held as a credit against all sums clue.