|
� � � . . . . . . . � . . � x,,q,_ . .. .
<br />'�� j ��� �
<br />. � � �
<br /> , .
<br /> , v.w::�
<br /> � . .�. �
<br /> � lIVD1VIDUAL
<br /> d[JE O[V:SpLE
<br /> �RS'�"� OPTtOiVAL FUTURE ADVAnICES'
<br /> �� SAVINGS �UNd
<br /> � FORM NP.720 �
<br /> !.!lNCC711N ssa2s - iss 1
<br /> � ' Loan Number_--------- --- _.____.__
<br /> �.. � . ' . � TYP+: 13re�c'1r �
<br /> ?�?- �0224� iVl O R T � A G E_
<br /> ; TFiIS MORTGACE,mad�.and executed thi� �'l day of . �-'0v� A Ll.,
<br /> 19...7`1...between the`Mortgagor,EAWARD A .KEENAN._ANI7..TERRY.L ,KE�NAN,:husband._anci wife,:..._.
<br /> ; , �ointl� and each 3u-their own rzp,ht
<br /> . .. ._ ....... ......-----�
<br /> Grsnd Island AaIT -- "'""Nebraska -. ... _..
<br /> of....... ...... ... ........._..., County of_. ..._... ....,State of.... ... ,hereinn£ter r�ferred
<br /> . ...........
<br /> fo as'Che Borrower, an-ti the 111orLpagee; FIRST FEI?ERAL SAVINGS Ai�FD LO:AN r1SSOCTA'I`IOi'J pF
<br /> + LINCDLIv', 1?.35 "IaT" Street; Lin�o]n, Nebraska 685�1„its succeseors and :u�igns, 2iereinafter referred-to
<br /> as,Lender.,
<br /> � WtrriF��s��rx: T}aat the said I3orrower for and in consideration of the sum of_....Forty ehousand_:
<br /> and no! ---------------------- ----.-----.'.....Dol�ars (L7S 4.....4Q,OOO..Q� _......._..?
<br /> ., .._.... .._._.. ------------------- ..:.... .._... ..
<br /> ° paid,by said 7 ender, does herebv mortgake, grxnt x�nd convey to Lenc]er, its ;�uccessors und assigns; the
<br /> following described property iocated in the C"ounty o€_ t�311 :. ......... ...... .. . St�te of Nebrasi;a: -
<br /> Lot:Eiqht (8), Slock Two (2), in .i�e Heights Second Subdivision, I-Ia11 County,
<br /> x• I�Izbraske, being a part of the Northwest�uarter (NWu) af t;hc Northwest Q.uarter
<br /> � (NW�) ot' Section 11, Township 11 North, Bange 10 West of the 6th P.M:, Fiall
<br /> County, Nebr�ska.
<br /> � j�� � . � . . . . . . . � � . . . � � .
<br /> TcxaExxea with aIl the improvements now or hereafter erected on the pmperty, and all eeasements;
<br /> rights,,appurtennnces, ren�.s, ro,yalties, mineral, ail and gas rights and �rofits, �vnter, water ri�;hts, and
<br /> water stock, and ali fixtures now or hereafter attacheci to the pmperty, all of which. inc3udink repface-
<br /> mants and additions thereto, shall be deexned to be and remain a purt of Ehe propert�� covered by t.his
<br /> � iWlortgage; and alI of the foregoing, together wdth said property (or the leasehold c;state in the event this
<br /> Mnrtgage is an a leasehold) are herein referred to as the "Property".
<br /> Borrower covens�nts thAt Borrc�wer is lawfully seised of the estxte herek�y canve,yed and has the right
<br /> ` to mortgage, grant And conveti� the Property_ that the Pmperty is ut�encumbered, anc� that $orrawe�•wi!1
<br /> warrant and defend genernlly-the title to the Pr�perty agninst ali c;laims and dem�nds, subject to any
<br /> easemenEs and restrictions listed in a schedule of exceptions to caverage in any title insurance �aotiGS� in-
<br /> suring Lenc3er's interest in the Property, or (2) attorne,y's opin.ion �f t:itte frcrm lbstract af title c�ertified
<br /> ,- ;y by bonded abatracter.
<br /> PttovtnEa ALwaYs, and these preseni;s are eiecuted and detivered upon t.he following conditions,m�rea-
<br /> ments nnd pbligations of tl�e 1"3orrower, t.o-w-it:
<br /> . m; The Bortower agrees to pay to tiie I.ender;or order, the principal sum of ...Forty..thousasd.and„_
<br /> ;i no 100 --------- -----------------------------.._.Dollars (LiS `� ._ :...
<br /> ._
<br /> ._.t'_..... ..------....---.. ..... ... ...........-....._....------- 4Q 0�0,00 )
<br /> . ....._.... ------- . ..._ ...._
<br /> a payable as provided in a no{e executed und delive>red,cancurrently heres�-ith,t3�e finfil vavnx:nt�f�jrincit��el,
<br /> � if ncat sooner aid,on the...:..lst__.......--- daY of.. ._:._...Mfl ....., �A2QQh
<br /> � P _ Y........... ........
<br /> � UN[�eni C'ov�x.ax�cs.I3orrower and Lender covenant and agx•ee ns follow�s:
<br /> 1. Payment o#Principul and Interest. Bormwer shttll �rocnptly �.ra,y �+>hen duc Yhe princi►sai of and in-
<br /> terest on the indebtedness evidenced 6,y the iVat,e,prepz�ymenf snd l�te char�es cis pmvid�d in the Note�,
<br /> ,i anci ihe princi�za] of anci interesi 4n any Future Advances secured by this A1ort.gage.
<br /> E 2.-Feuids for Taxes aad Insurcmce. Sub.ject to Lender's o�tion under parttgra�hs� and�hereof, Bnr-
<br /> row•er slxall pay to Lender on the day manthly inskalhnents e�f principal and interest.ire}aayable ui�der the
<br /> Note,until the Note is paid in fuil,a sum (herein "Funds") ec�u�! to onc-t��•cl}'th nf the )'c:.7rh• tnses iand
<br /> ;� n�ses4ments which mt3y attain priority over this hlorf;gage, rxnd qround renis on the Pi���ert��, if anyv E�Ivs
<br /> ane-tweifth`af ,yearl,y premium installments for hazard insurance, pius one-twelfth af��early premiuxn in-
<br /> ; stalLnents for inortga�e insurance, if any, a11 ae reason�blv estimated initir�llv ancl from 1im� ±n t9:s�e i�s
<br /> Lenderon the basis of ussehsments and bilis and musonable estimates thereof, S,e�zder sh�ll app15• the Funcls
<br /> to Pay said taxes;assessinents, u��;urauce�rauuur��nd ground renrs. Lender ai;�ll n;aki no char;te iar so
<br /> : ixvliling and agplyitxg tlze Funcis c�r verifyin� and compiling said usse;aments and bills. '1'he 1 ender shall
<br /> 4 give to the Borrower, wiA;hout charge,an annu�t accounLin�;of the F'un��howing credits and clei>itr tu the
<br /> � �'unds an,d the purpose for which each:�3ebit t�o the Funds cvas made. The Funds;�re pledged xs additionai
<br /> sec:ux�itv for 4,ha:sums securecl by tkiis A�ortgage:The Bon•utirer agrees that the Fun�is ivay ►ie hc:lcl by the
<br /> Lender anc3 commipgled with other funds and the Lender's on�a funds and#he Lender may pay such items �� , ��
<br /> ' fmm its own funds and the I.ender shall not be liable,for interest or dividends on sueh Funds.
<br /> 4 if the amaunt of'tke�'unds held b,v�nder,together'with the future manthly installments of Funds '�„ "X
<br /> gayable priox#xt the due dates of fiaxes,:assessments, insursince.premiums and ground rnnts, shail exceed >""`
<br /> the amou�st requined xo pay said t�xes,assessmenta,insurance remiums and � �
<br /> %� p ground rents us they fall due, � ,,�,
<br /> suc}t excess shaU be, at>Barrower's option,either pmmptiv repaid ito 13orroweror creditecl to f3orrnwer an ;-�?a;
<br /> monthly'anstailmBnts of Funds. If the amount of t4se Funds held,b,v Lender shall noL be sufficient to pay
<br />+� • t2xes..ass�:ssr°ents, i:,sur.y.nc��remiun3s ruid.gruun�I rmnir� aec:iiiev fail due $orrower siaail pav 1;o i,ender
<br /> ,- qnv atnount aee�.,:ay>t�:ns.ke uY tre deEcicncy n::.�ii, thirty da3-s a.;;e. notice from I.4nd::r ;;c; I3o,n•oti��r
<br /> requestin� payment thereo�, or $orrower shall, by an increase in monthly instaillments of Funds required. -
<br /> repxy the deficiency nittun the Fund accounting pe�riod.
<br /> T7�n p�vrnQnt in fi«7l of ail scm�secuacc3 b5� this:1':ort�agc,Lcndcr s::all applq I'un3s hcld:;:s::c:c:2it
<br /> againgt:ali sums due.
<br /> i.
<br /> �., . `_ �
<br />�
<br />
|