|
�� . -r._
<br />� � � �� i
<br /> -:b-,
<br /> �, _ - �
<br /> '".`,,
<br /> INDtY1DUAL ,
<br /> DUE ` ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> �� SAVINGS FUND
<br /> � FORM No..�720 . � .
<br /> ; �N��rN /� A Loan' Number_ _ 33905 - - - -188 _-_ _l _ _
<br /> � �� . . .. .� / �� O �3 � O � . . . . . . . . . . TYPe � Brancn � .
<br /> � . � �. . . . . . , i _ .
<br /> � g ��� �� ���,�,� � �� M O �F2 T � G A � ��� G � E � � r
<br /> � ,
<br /> ry :. .. . � . . ' . . . � �. . . . . . . � � . � . . . �
<br /> ; . i TFiIS MORTGAGE, made and executed this --. .: ._ :: I 5--:---•- -•--. day of --:----���. :.. ..... ..... A.D., '
<br /> ` ;. 19._?�:: ., between theMortgagor, _ A.onalsl ..E.,:.I�ozzA.w_.and. .P�ggy..I�o�row,.::husb.and._amd._Taif.e; :.:,�:nintly
<br /> y and each in` their own :right ------------------------------------------------ ------
<br /> _ _. ........ ... . .. ...........•- ---- --- ---. . . --- ----•-------- --.. _.......--- ...,_. ------. .......,_
<br /> j of _....;:. Grand Island County of .. _ ..: .Hall. ..,__ . . . . :.. .... ... State of .. . _..Nebrask� .., hereinafter referred '
<br /> . ... ... . . . .... .. .... ..
<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 /> a as Lender.
<br /> � WiTxEssETx : That the said Borrower for and in consideration of the sum of �N�' AI�T� �HQU�,A�D
<br /> ° , SIX .IiUNDRED_,AND _ NO/.100--.----.-----.----------------.---Dollars ( US $- . 2,1.�Q9...QQ--, - --_----..)
<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 _ .. ....._. . Hall _ , State of Nebraska : ' '
<br /> �
<br /> F Westerly 3� feet of Lot Eight (8 ) in Block Seven ( 7 ) , Original Town now City
<br /> :
<br /> � of Grand = sland , Hall County, Nebraska .
<br /> ;
<br /> :. �
<br /> � �his mortgage is to correct the mortgage recorded Ju1y 15 , 1977 .
<br /> � �
<br /> i TocETaEa tvith all the improvements now or hereafter erecCed 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 all 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 by this
<br /> g 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 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 /> #` " suring Lender's interest in the Property, or ( 2 ) attorney's opinion of title from abstract of title certified
<br /> 1 by bonded abstracter.
<br /> ; PxovtnEu ALWAYS� 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 . �N�Y ._9H�..�HQAS.ANU . _ �
<br /> 4 .-&�2C=-H�R��.. AND_ NO� 100-----.------------------------- . " . )
<br /> .......... . . .. . .... _ . . . __.. . ... .Dollars ( US $.. .�1_�.695l..90_ .: . . _.. ..
<br /> 4 payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, .
<br /> i � - -.. �2Q�2
<br /> ,; if not soonez paid, on the .. . ....__�S 't,. _ _. .._ ._ day of ....__.A�gust. ..... . ..... ... . . ,
<br /> ,:
<br /> �
<br /> UxiBoanz CovExpxTs. Borrower and Lender wvenant and agree as follows
<br /> � L Payment of Principal and Interest Borrower shall promptly pay when due the principal of and in-
<br /> ) terest on the indebtedness evidenced by the 1Vote, prepayment and late cnarges as provided in the Note,
<br /> E and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> � 2. Funds for Taxes and Insurcmce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> � mwer shall 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 b4ortgage, and ground rents on the Property, if any plus
<br /> one-tweifth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estirnated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br /> " ;: to pay said taxe�, asses5ments, insurance pre�iums and ground rents. I.encler shall niake tw �harge fur �o
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> give to the Borrower, without charge, as annusl accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the �
<br /> Lender and coinmingled wSth other fund� and the Lender's own €unds and the Lender may pay such items y„�,� ., ': . -, `
<br /> , from its own funds and the Lender shall not be liable for interest ar dividends on such Funds. . _ _ �� �. , ; "' "
<br /> . +M,ra: ��,
<br /> If the amount of t}�e Funds heid by Lender, together with the future monthly installments of Funds �:� � � ;
<br /> � payable p�rior to the due dates of taxes, assessments: insurance premiums and ground rents; shall exceed �X,��.�
<br /> the amount reyuired to pay said taxes, assessments, insurance premiums and ground rents a.s they fall due, �
<br /> snch eaeess shali be,. at Borrower's option, either pmmptly repaicl to Borrower or credited to Borrower on '"��' �'
<br /> zx�onthiy isistsa33ments a� ft;ads. . I: the �aount of Lhe Funds ::eid hy Lendcr shail nc�t 6e st:f�cient to psy
<br /> taxee, a�+�wamPnfix, ins�arance prerr_iums an� �rVssnd , mnts as the3� fa1 due, Borsawer shali ray to I,ender � ' e
<br /> any amount aecessary to make up the deficiency within thirt� <i_ays after aiotice €ror� Lanu'er to Borrawer ;� -'
<br /> requesting payment thexeof, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay the de&ciericy witk�in the Fund accountiag period.
<br /> Upon payment in fu�l of ail sums secured by this Mortgage, Lender shall apply Funds helci as a credit
<br /> y against all sums due. �
<br /> �, ; . �,, _ - �
<br /> ,
<br />
|