|
� � �,a� �
<br /> �
<br /> � ..
<br /> :N,.
<br /> � — �
<br /> �
<br /> INDIVIDUAL
<br /> DUE ON SAI,.E
<br /> OPTlONAL FUTURE ADVANCES
<br /> �L SAVINGS FUND
<br /> � � � FonM No.72A
<br /> UNC�LN Loan Number__33626 -- -TrP�A�B.a„�n '
<br /> r ��- uo3��� _
<br /> +. MORTGAGE :° ; . .
<br /> .j !
<br /> 4 �
<br /> � THIS'MORTGAGE, made and executed this._._5:..��2.:__..._._.:. day of...:... . ! ...:.. ....:.:.. A.D.,
<br /> ' �� , �
<br /> - �; 19 �� between the Mort;agor Bu=C � �xkY�axt a�.td..GZ.oT3a M �ny.aar . husband.�nd wife,:.. i
<br /> ,�ointly::.and .ea�cti;,in their own,right.>_. ...._._._........--•-- --...--- ._---.. ...,•--- ........ ....:..........
<br /> ' of::...Grand___Island,_,,_._., County of.. .. ..._.Ha�,1........:.......State of...I3.ebxas�ca..___,hereinafter referred ` `
<br /> ' to as the Borrower,and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "TV" Street, Lincoln,Nebraska 68501, its successors and assigns, hereinafter Teferred to
<br /> as I.ender.
<br /> ' W[TxEssETH: That the said Borrower for and in consideration of the sum of.FORTY_,TWO THOUSAND �,
<br /> FIVE HUNDRED AND NO�100-----------------------------�ol:ars (US$.42,_500.00 '
<br /> ---------------•-----•�---�--........_....---�-•----•-------•-•�---•--...
<br /> ..------ -- -••--••-•--� ,-'
<br /> !.,. r . �........ ....................��--- . .
<br /> paid by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> � ' following described property located in the County of _.._.......xall , . State of Nebraska: ' ` : '
<br /> Lot Two (2), Alexander Second Subdivision, in the City of Grand =sland, Ha11 County,
<br /> Nebraska.
<br /> AND ;'
<br /> g ( ) y ( ) ( in Block One (1), {'
<br /> I,ot Ei ht 8 and the Easterl Fourteen 14 feet of Lot Seven 7),
<br /> ; Arnold and Abbott`s Addition to the City of Grand Island, Hall County, Nebraska. i
<br /> $ TocETxE$ with all the improvements now or hereafter erectecl on the property, and all easements,
<br /> rights, appurtenances, renta, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock,and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> ments and additions thereto,shail be deemed to be and remain a part of the property covered 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 rnortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Pmperty against all claims and demands, subject to any
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insu:�ance policy in-
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> ; PeovinEn ALWAYS� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, w-wit:
<br /> : The Borrower agrees to pay to the Lender,or order, the principal sum of FQRTY._TW�..THOUSAI3D--.----.
<br /> �� .FSY.E._n.'UiQRBED_IiND..N4/_.LO.Q-r.-.---rr---------.----r---r---�ollars (US$-..�__.42,.50D...QQ-----_---�-------)
<br /> � � payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ' if not sooner paid,on the ......---.l.s.�........... day of...__�F.ua,Y................ _ ......_._, 7�,.2QA2
<br /> UxiFoaM CovExnxTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Borrower shail promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the 1Vote,prepayment and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage_
<br /> 2. Funds for Tmces and Insurmice. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> Note,untl the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initiall,y and from time to time by
<br /> Lender on the basis of assesements and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said ta��es,assessments,insurance prerniums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifyin� and compiling said aesessments and bills. The Lender rhall
<br /> give ta the$orrower,without charge,an annual accounting of the Funds showing credits and de}�its to the
<br /> Funds and the purpose for which each debit to the Funds was made, The Funds are pledged as additional
<br /> secu:ity for the sums secured by this Mortgage.'The Bonower agrees that the Funds may be held by the '
<br /> T.ender and commitrgled with other funds and the Lender's own funds and the Lender may pay such items � ! . ��
<br /> from its own funds'and the I,ender shaII not be liabie for interest or dividends on such Funds. _ . ��
<br /> 3 If the amount of the Funds held by Lender,together with the future n�onthly instalhnents of Funds a, � �z�
<br /> �s payable prior to the due t3ates o#taxes, assessments, insurance premiums and ground rents, shall exceed � ���,•
<br /> „ the amount required to pay said taxes,assessments,insurance premiums and ground rents as they fall due, ; •r
<br /> : �such excess shall be;at Soriower's':option, either promptly repaid to Borrower or credited to Borrower on �'
<br /> monthly instaliments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br /> taxes,asses.stnents, insurance premiums and ground rents as they fall due,Borrower shall pay to Lender
<br /> any atuount neceseary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> rcquesting payinent thereof,or Burrower sliriTl, Uy an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting periad.
<br /> Upon payment in iull af all sums secured by this Mortgage,Lender shall apply Funds heid as a credit,
<br /> � against ali sums duc.
<br /> J
<br />-� i�
<br />
|