|
s
<br /> � � � � . � � � + ,,,.r�
<br /> , �..�., .... . . ... ... . ... .. ,, .. . . . . . . .,,,-'--� ._. , �
<br /> I f�d1Y1 D UAt
<br /> , DEJE Ohb 'SAI_E"
<br /> ; '��s'�`, OPTIQ1yAL FUTURE ADVANCES
<br /> k E"���■ , S,AVtPiGS FIINp
<br /> �-�� i•� FaszM No.720 . . . .
<br /> ` �'���� Loan Number_�_3.22LZ__�_p<""_'�1�88
<br /> ;� . ?7" OD2,791 .
<br /> ,}`? ;' M Q R �" G ..A G E
<br /> ,�
<br /> ; ' THI81"v1+(�RTGAGE,mad�and erect�ted th�s �'?' ` ilav of %�'� A D.,
<br /> i � ' 1S :.7.�.,betw�en the Martgaga3�, ,_.Garc� C Strattoa and Cethe°s�.ne C 5tratton fivsband and
<br /> � �zE'e. 7oxn�Zy and: �acn in hzs own raght, � • -
<br /> .._ ------ .... .---•--
<br /> t '� �€ 'xearn�y ..,County of.. ...:. ` ..._, State af Nebraska .:, heremafter referrec�
<br /> , � -..._,. ........ ........ .:...
<br /> � ta as the.Borrower, and the 144ort�agee, FIRST �DERAL SAVZN�S ANI�'LQAN ASSQC.Is'1TION pT' '
<br /> , , T.TNCOLN, 1235 "N"<Street, Lincoln, Nebraska 68�01,if�s succe,ssors and assigns,hereinafter referred to
<br /> � � �� as Lender.. �� - � � � � �� � �� �
<br /> � Wz�NEssETt3: T}iat the sa.ad Borrower for and in consideiation of the sum of ?°�zRTY SEVEN'TNOUSAND
<br /> � THREE HUNDFtED FIFTY RND"3V0/ZOO ---.-..j�ollars (US$.�7: 350 OD ."
<br /> .._...._ _._.�,. _._.__. ....-•--- --..._ ._.---. .._:.._. ,. ......-- --....'�'
<br /> `�` aid b saici Lcnder, does herebv mort. a e
<br /> � P Y g g grr�nt and convey to Lender its successors and assxgns;the
<br /> foliawing described property located in the.County of _.. . ...Ha1j - ,.... State o# Nebraska: ^ �`
<br /> ''�� I,at Fifte�n (15);' zn Blocic Twelve(12), �n College Add�tzon to West I,awn in Grand
<br /> � Island, Aa13 County, Nebraska.
<br /> ,�
<br /> '=;�
<br /> �ffi � � �
<br /> s
<br /> ��
<br /> ,
<br /> .
<br /> y.g . . � ,- .. ..
<br /> �� ToaFTKExrwith alI the improvements notv or hereafter ezected an the property, and all:easements>
<br /> righ�4,;appurtenances, rents, ro�valties,mineral, oil and gas rights arad profits, waterr water rights, and t„� �
<br /> water stock, and all fixtures now ur hereaftex attacfied to the proper-ty, all of which, incluc3ing replace-
<br /> � ments und additions thereto,shall be deemed to be and remain a part o[ the property covered by this
<br /> ;,� Mortgage;and all of the foregQ3ng, together with said property (ox t�e leasei3old estate in the event tlus
<br /> ,� Mnrtgage is on a IeaseIxold) are herein sefened 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 canvey the Property;`that ttae Property,is unencutnbered, and.that:Sorrower:will
<br /> warrant'and defend generaliy the title to the,Property against all claims and demands, subject to any
<br /> , ;
<br /> r� easements and restrictions listed in a schedule of exceptions to covera�e in an,y title`insurance palic3•in-
<br /> suring Lender's interest:in the Property, nr (�) attorney's opinion of �itle from abstract of title certified
<br /> �r� by honded ubstracter,
<br /> .,:� P80VIDED s1LwaYs, and these presents are executed end delivered aipou th�following conditions,agree-
<br /> �� rnents and oblig,ations of the Borrower, to-wit:
<br /> a�� t THSRTY SEVEN THOUSAND
<br /> 'i'he Borrowera�r�es o paV t t I.ender or order the pnncipal sum of .... ____ .
<br /> � fi1�2EE FIUNDRED FSFTY AND NL791� _
<br /> a ,_ -• ---- -----� •---- --------- ........_ -----:'..._Doliars (US 5.:37..,3�Q_DD:.:--- --..:-)
<br /> `� payable a�provsded m a note ex�cuted and delivered, concurrently llerewith; the final pav�nenU of principal,
<br /> � if not sooner paid,on the .....::.�7.St._._.._.. dav of._-- .- -...J.u�e.:.. ... ..........; 1�2QQb
<br /> LTxisoxaz GavsrrnxTs. Borrower and Lender covenant and agree as follows
<br /> '� i. Payment of 8rincipal mid.snterest. Bormwer s3�a11 pz�omptly �ay when ciue the �aincipal af and in-
<br /> �' t.erest on the in�dehtedness evidenced b,y the i�Toie,prepayment. anci late chaxges as provided in the Note,
<br /> �. and th�principal of and'interest vn any Future Advances secured by ttais Mortgage. '
<br /> .:a
<br /> 2. Fuads far Taxes�d Insurvnce. Subject to Z.ender's option under paranraphs 4 �nd 5 hereof,Bor-
<br /> :�` mwer shall pay to Lender on tlie� day monthlY instaiLlnents of principai nnd in#erest sre:pa�able under the
<br /> Nate, unL�l the�Tote is paid in fu31,a;sum (herein"F�nds") equal to ane-twelf#h of the yearly taxes and
<br /> �,� assessments which may attain prfority over this Mortgage, aad ground xents an #he Pro��erty, if any plus
<br /> o�e-tw*el€�h of yeariy� premium iastallments for hazard insurance, plus unatwelfth of yeari,y preminm in-
<br /> :� s�allments fpx tz��rtgage insnranc�e,if any�, all as reasonably estimated ;nitiallv and frorn time to time b,y
<br /> :,, Lender on the.basis of ae�essmenis rxnd t�iils and reaso�able estimates thereof, Lender shal:l appl,y the Funds
<br /> #' tn pay sa3ri taxew, �cses4menfs;in:�nrance premfuzns a::d ;rounc: rents, �T..,crder shatl uiaA�no charge for so
<br /> ; twlding and agp�ying the Funds �r verifying and connpiling said assessment.s and bills_ The Lender shall
<br /> g�ve ta the Borrower,-ivitl2out charge,an annuai ec�co�snting of the b`anc�s showi��credits and debits to the
<br /> � �unds aaal the purpose.for which Qach debit to the Fuz3ds was made. Ttiye Funds are plec�ged as additional
<br /> � 4
<br /> � sex:urit3�#or the�uins secured by xhis Mortgage. The�3armwer ngrees fi.�at the �'unds may be i�eld by the
<br /> Lender.and caan�ingled.wi#.h othsr fivads and t2�e Lezsrler's own funds and the E.ender cnaY pay such items '� �",,,
<br /> � " frvm its own fu�ds and #he Lenc€�r fihall not be liable for interest or davidends on such Funds. �
<br /> If ttte amosr:nt of t3ae P'unds 4seld by I.endez,toget�er wit}s Lhe fnture ni�an�hly insta�l�nen�s o# �'unds Y� � �,
<br /> � payable grior t4-the dvte datza o€ tazes,assesements, �nsurance remiuraxs aad � _w �':
<br /> p gmund r�nts, shall exceed
<br /> �� �e.aqw�►t requ�to pay said�azes,asaesstzaents,in:s�•^ra,.�.,premiva�s and ground rents as theY faA due, ��
<br /> s�esx�ss sh,s�:;be,at BorrowMr's�ptian, ei�her pro�ptly re�said to Bvrrower or credite�d to$ormwer on
<br /> ,� �eot�th�y inat�merats af:Funds. L;#the s�ouaAt of tf:� Fsands �Id hv 7.��+�ic�r H�a�ii n.�t�sc�!�ecient ta pay � ;`
<br /> � xa�es,sseesscr�ettet;s, inet��:tce premiums,aad �round z�nts ss t;hay fall c'iue.Sor�ower hhall .pay 1�� l:.rnder
<br /> = ,�z�y eu�r�xai n�asar,�w;n�eJc.e u�+the detitieney with� thirtv days after notace from Lesider#.o Borrower
<br /> C
<br /> ; reyu�fiag payaf�nt therecaf, or S�rx+ova�et ishall, by an increasie in monE�ly insLaiiments o#Funds required,
<br /> � re�ay t�e deficies3ry�ri�hia the F�nd acccruntin�:perio�d.
<br /> i%!� N+�yru��i in fu13.af alI�ms sec�red iby this .Mott;�age,Lender sls�ll aPP�,Y Funds held as s credit
<br /> ag�insE alll surr,�due.
<br /> , ,..�m ... �. . . . . � . � �
<br />� �
<br />
|