|
�
<br />� �
<br />� � a��� �
<br /> � �
<br /> 1lVDIVIDUAL
<br /> DUE ON SALE
<br /> ��'�' OPTIONAL FUTURE ADYANCES
<br /> �� SAVINGS FUND
<br /> , ��� � FOitM N0.720 � '
<br /> ' , �-���.N Loan Number__��Ro8___-_ 18$- ---�--
<br /> � �. .. . �� � � � �:. . .� �.. . . . rce era�cn .
<br /> ; 77.. O(13846
<br /> � M O R T' G A G E
<br /> THIS MORTGAGE, made and executed this ._..................�(..--: day of ...:...Tu-��---.._--.-..-----A.D.,
<br /> ` " 19:_.'Z'Z:::,between the Mortgagor,.Kent�e-��,p,,..,$.�h.l�ztk.ex_..ax�.d..Sus_an_K.:.Bchnitker.,..husband.:and_
<br /> � wife �ointl and,each_.in.their__own,.right„__...,.__._
<br /> ` ..Y_...
<br /> •-_-- ----• --�----�------... ..-�---------�--.....--� •---•-��-----•�--�--------•---
<br /> < of_..Grand'. Island;_;_..._ County of ...._....Ha�.�................._.,State of ..Nabr.aska_..._...,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, NeUraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> � yXiTNEssETx: That the said Borrower for and in consideration of the sum of:.THIRTY-01q� �HQU,S�ND
<br /> ; THRE HUNDRID F=FTY AND NO 100-----------------------
<br /> ....--•---....:.....................................��----------� �-------••-�---�-�-�--��------.......Dol:ars (US$--��-n.350 00.-... _.. -�--�-)
<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._.._.._..Ha�:......... .......:.... State of Nebraska: ; `
<br /> i
<br /> { I,ot Three (3), Block Four (4), Boggs and Hi11's Addition to the City
<br /> F of Grand Island, Hall County, Nebraska.
<br /> :.:�5� � . � . .
<br /> . � . .. � . . � . .
<br /> �''�:�f � � .
<br /> � �',X� . � , . . �
<br /> TocE2x�x with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and ali fixtures now or hereafter attached to the property, all of which, including replace-
<br /> ments and additions thereto,shall be deemed to be and remain a part of the property covered. b5> 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 leasehoid) are herein referred to as the "Property".
<br /> Borrower covenants that Bormwer is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> i suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> �
<br /> by bonded abstracter.
<br /> ; Paovin�n ALwaYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> , `r ments and obligations of the Borrower, to-wit:
<br /> � �;( �
<br /> ; !
<br /> � -� The Borrower agrees to pay to the Lender, or order, the principal sum of �ZRT-Y—ON�--T-�i�i��PFD--�3EE
<br /> ' : ..__.1-IIJ�lEtED..ESFTY.AND_.NQ�1D.0---------_---.--_.--._----.---.<.--Dollars (US �._.3�.,35�-.0f3-•------.._.... .)
<br /> payable as provided in a n�te executed and delivered,concurrently herew�th,the final payment of principal,
<br /> t if not sooner paid, on the..._..lst... ..__....day of... ...........August..._....._...., �..2402
<br /> UxiFoaM Cov$ivnxTs. Borrower and Lender covenant and agree as follows:
<br /> Z. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Iblortgage.
<br /> 2. Funds for Tmces and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> mwer shalt pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> Note, until 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 A7ortgage, and ground rents on the Propert;y, iI any plus
<br /> one-twelfth of yearIy premium installrnents for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallnxents for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof, I.ender shall apply the Funds
<br /> to pay sa9d taxes, assessments, insurance preiniums and ground rents. Lender shall make no charge for so
<br /> ho13i.-ig and apglpiag thc Funds or vezi#y�ing and cotnpiling sai3 assessm.ents an3 k�i11s. T!ze Lender sha�l
<br /> give to the Bprrower, without charge, an annual accounting of the�Funds showing credits and debits to the
<br /> Funds and the purpose for which each debit to the Fnnds was rnade.►The Funds are pledged as additional
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be l�eld by the
<br /> Lender and commingle�with other funds and the Lender's own funds and the Lender may pay such items �'E,`
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds. ^'^;�' ' ' �',C
<br /> . k.
<br /> If the rimount of the Funds held by Lender,together with the future monthly installments of Funds y k� ;�
<br /> � payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed "�
<br /> the amount required to pay said taxes,assessments, insurance premiums and ground rents a.9 they fall due, � `il .i
<br /> such excess shall be,at Boaower's option, either promptly repaid to Borrower or credited to Borrower on `,2��'
<br /> monthly installrnen�s of Fnnds, If the amoun� of the Funds Izeld by Lender shall not be sufficient.to pay �"`' `
<br /> taxes; ac9es�Gments, insurance gremiumc and gmund rentc as they fal? dese, f3ormwer tihall pa_v'to Lender
<br />� any amount necessar,y tp make up the deficiencv within thirty days after notice frorn Lender to Borrotiver
<br /> requesting payment thereof, or Bonower shall,'by an increase in monthly installments of Funds required, t.
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon paynent in full of all sums secured by this Mortgage.Lender shall applY Funds t�eld as a credit
<br /> � against ail sums due_ �
<br /> �_ 1
<br />`�
<br />
|