|
� �
<br /> � .
<br />�, C ,�
<br />- ��:
<br /> _,,_, .-
<br /> .
<br /> � - ,�-,,
<br /> �
<br /> �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> �R�' OPTlONAL FUTURE ADVANCES
<br /> SAVINGS F[JND
<br /> . �L.�� FORM NO.T2O . � . � . �.. ._ ::. �.. .. .
<br /> �..:�
<br /> , �; Loan Number___3343�-----_188_�'-B,-l�
<br /> ,
<br /> �•,
<br /> 77- QC}3896 MORTGAGE
<br /> � ' TFiIS MORTGAGE, made and executed this .._. ..��.:.. ..:_ day of:.. :...... . .. _... A.D.,
<br /> lg__.7?_..,between the Mortgagor, --�oWe�.1..:�7.....�tau.a_.axtd:.GZ.extda_Cz....Ttuna3--b.us. a�nd._�riP�.;:_.ea�h
<br /> ixx.:his.,.and♦ki�r..AFzzi�:a.r�.di.Ya..dua7...xS.ght.:.an�..:as..s,gQus_�__o�__.tS�a.:A�hex-,.-aflintly__and_.s.everally
<br /> of:.:.Gx�X�d..zS��?�d_.:......., County of._:.H.a.].�... :...:...: .......:..State of..PZebr.as�a...__.;.,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N"Street,Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> e aB,Lender.
<br /> � WiTxEssETx: That the said Borrower for and in consideration of the sum of ...................: ....... .: .:...
<br /> ', uEI1Ei�EEDZ-•Z'I-IOUSEIND..-OSSE:.I3U1VDEiED..A.NIl-.Np�1AO_......,.............,....Dollars (US$.:•1-7s3.00„04---.. .. :::..)
<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 ...:._..,Hsll.--........................ State ot Nebraska:
<br /> ; Lot Fifty-seven (57) 1n West Heights Addition to the City of Grand Island;
<br /> Nebraeka
<br /> TocE'rx�a with all the improvements now or hereafter erected on the property, and all easements,
<br /> r rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached Lo the properEy, all of which, including replace-
<br /> rnents and additions thereto,shall be deemed to be and remain a part of the property covered by thie
<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 /> i Borrower covenants that Borrower is lawfuily seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Property, that the Property is unencumUered, and that Borrower will
<br /> warrant and defend generally the title to the Property against all ciaims and demands, subject to any
<br /> r easements and restrictions listed in a schedule of exceptions to coverag� in any title insurAnce 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 /> PxovxnEn ALwnYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> ' The Borrower agrees to pay to the Lender, or order, the principal sum of ......................._. _..___.
<br /> ; _S�Y_F'3�J'.��..TFiOUSAND„ONE_IiUND1TED_.AND_,NO�]_00-----.----.--Dollars (US $--?=7.�100_,00_: _...__)
<br /> payable as provided in a note executed and delivered, concurrently here�vith,the final}�ayment of principa2,
<br /> ' if not sooner paid,on the..._..,I.St............. day of__.A�st.. .........--- ..._....:.,�..�QQb
<br /> UNiFoeM CovExnxTs. Borrower and Lender covenant and agree as follows
<br /> 1. Payment of Priacipal and Iaterest. Borrower shall prornptly pa,y when due the pr3ncipal of und 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 securedby this Mortgage,
<br /> 2. Funds#or Taxes and Insurance. Subject to Lender's opt:ion under paragraphs 4 and 5 hereof, Bor-
<br /> mwer shall pay to Lender on the day rnonthly 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 yearty taxes and
<br /> assessments which may attain priority over this l�Tortgage, ancl ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-tweifth of yearly premium in-
<br /> stallments for mortgage insurance, if any, al] as reasonably estimated initially and from time to time b_y
<br /> I.ender on the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay'said taxes,assessments,insutance premiuins nnd �und rents. Lender shall make no charge for so
<br /> nolding and applying ihe Funda or veriiying and com�iling said assessments and 'uills. The Lender shail
<br /> give to the Borrower, without charge,an annual accounting of the Funds showing credits and debits to the
<br /> F'unds and thepurpose for which each debit to the Funds was made. The Funds are pledged as additionai
<br /> security for the sums secured by 2his Mortgage. The Borro�ver agrees that the Funds may be held by the '
<br /> Lender and commingled with other #un<is and the Lender's own funds and the Lencier may pay such items , „�.--�
<br /> frorn its own funds and the Lender shall not be lia61e for interest or divide�ds on such Funds. Y .
<br /> � if the amount of the Funds heid by Lender,together with the future monthly installments of Funds ' �a �;�
<br /> � payab e prior to the due dates of taxes,assessments, insurance premiwns and ground rents, shall exceed y
<br /> ount required to pay said taxes, assessments,�nsurance premiums and ground rents as they fail due, °'
<br /> uch excess shall be, at Borrower's opt€on, either promptly repaid to Borrower or credited to Borrower on �'�'
<br /> monthly installments of Funds. If the amount of the Funds held by Lender shail not be sufficient to pay � ;-
<br /> tar.es, assessments,.insurance prettuums ar;d ground rents as they fall due,Borrower shall pay to Lender
<br /> an3> amaunt necessazg to make up the defzcieacq cs�ithin thirt�+ days after notice frem Len�er to Borrower
<br /> requesting payrnent thereof, or Borrower shall, by an increase in monthly instailmenty of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> i7pon pttyment in full c�f all sums secured by this Mo�tg3se,Lender shall apply Funds held aG a credit
<br /> � against all sums due. �
<br /> i
<br />� �
<br />
|