|
�„ - -
<br /> ��.
<br />�`� � ,�`-� :
<br />�' _;;;;�'�. `
<br />� ,..,,:,. �— �
<br /> �
<br /> � INDIVIDUAC
<br /> DUE OIV SALE
<br /> ��,R�' OPTIONAL FUTURE ADVAAICES
<br /> SAVINGS FUND
<br /> � ���N FORM No.720 .. . . . � . ' .-.
<br /> �, tI Loan Number__ 34200 __�_188 __-_ _1 _
<br /> � % . � � .. . . � . . . . TYoe ��Brancn
<br /> � t.� ..., I �� . ���]f.,�.i \�.��. � . . . � � . . . . .
<br /> M O R T G A G E
<br /> ; THIS MOR3'GAGE, made and executed this_...-.----/�...-._----_.. day of --.--....1..�.�.uf'usf.:_..:.._. A.D., �; '
<br /> �' 19_.._:----,between the Mortgagor,:-.-Aoge.r--D_.:._I,awv.er..and:Sylvia..A._.I.awvax�..huslzaud..and.zaiFe,.._ ; "
<br /> � 1Q�.ra.k3.Y--.and:_�:aah..3.�a..th�3.z:.�zti:.ri�fit,..._................•---••--��-------�---...--•-•-----�---•---... .... .......-------�-----.._...---•--
<br /> � of_..._Gxand::=�Zax?d._..:.:., County of_ ...:.. ..:Hall............... State of_..Nehraska......,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 /> as Lender.
<br /> i. , :
<br /> WiTxEssc�rx: That the said Bonower for and in consideration of the sum of._TH.IR�..�ZGHx,�HQU�SAND
<br /> SEVEN HUNDRED AND:NO/T00-.-------------------------.-Dol:ars (US$--.38.,70.Q..0.0-----------------)
<br /> ... . ......... ..... ...��-----��----....
<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 /> Lot Three (3) of the Subdivision of Lot nine (9) , Windolph's Subdivision of part
<br /> �' of the Northeast quarter of the Northwest quarter (NE1�,NW'�) and the Northwest quarter
<br /> of the Northeast quarter (NW'a,NE'-�) of section fourteen (14), in township eleven
<br /> � (11) North, Range nine (9) west of the 6th P.M., excepting therefrom the east
<br /> ten (10) feet thereof; Hall county, Nebraska.
<br /> �
<br /> � ; '
<br /> 4 TocsTxsx 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 righta, and
<br /> 4�`" 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 /> 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 /> Bormwer 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 Bonower 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 I,ender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> %
<br /> PxovinEn Ar,wnYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> � ments and obligations of the Borrower, to-wit:
<br /> .�
<br /> -� The Borrower agrees to pay to the Lender, or order, the principal sum of ,_THIRTY__EIGHT__THOU.$AIqD `
<br /> ; SEVEN EiUNDRED AND N0/100-----------------------------
<br /> : .....--•--...------�---�-- ----------..._--------------------•--------.....-�----�----.._...._..._..�ollars US$ 38,700,_00
<br /> ( ...... . . ...---�--��
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal, "
<br /> , H if not sooner paid, on the:_.._:..l.s�--_-....... day of--.-- .._...Ss.p�emher..._--_.,z18...2006.
<br /> UxiFoaM CovExnxTs. Borrower and Lender wvenant and agree as follows:
<br /> L Payment of Principal and Iuterest. BorroKer 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 Mortgage.
<br /> 2. Funds for Taxes and Insurcmce. Subjec;t to Lender's option under paragraphs 4 and 5 hereof,Bor
<br /> rower shall pay to Lender on the day monthly installments of principsl and interest are payable under the
<br /> Note, untii 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 yearIy premium instailments for hazard insurance, plus one-twelfth of yeari,y premium in-
<br /> i stallments for mortgage insurance, if anv. all as reasonably estimated initially and from time to time by
<br /> Lender on the�asis of assessments and bills and reasonable estimates thereof,Lender shall apply the FundS
<br /> to pay said taaes, assessiiieuts,insurance yreiniunis and ground rents. Lender shall make no charge for so
<br /> holding and app�ying the Funds or verifying and'compiling said assessments ancl bills. The I.ender shaU
<br /> give ta the Bormwer,,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 Funds was made_ The Funds are pledged as additional P
<br /> security for the sums secured b,y this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> Lender and commingled with other funda and the Lender's own funds and the Lender may pay sucli items - .,���
<br /> � from its own funds and the Lender shall not be liable for interest or dividends on such Funds. ' -` � �--
<br /> : �� �
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds ` �"�
<br /> payabie prior to the due dates'of tases, assessments, insurance premiums and ground rents, shalt exceed �*,�;r�
<br /> � the amount required to pay said tases,_assessments,insurance premiums and ground rents as they fall due, k
<br /> such excess shall be,at Borrower's opt�on,either promptly repaid to Borrower or credited to Borrower on ;W�.;�
<br /> monthly installments of Fur.ds. I: the smaunt pf the Fu.�ds heic3 hy Lencier shall nvL Le su(fiuienL t��ay �.
<br /> ta�ces, assessments, inKurance premn�m� and grc*uad rents ns"t�ey faii due, B�rro��cr s!�._.:.'?;.w� ` '�esnu'er s �
<br /> an amount necessa to make u +h2�' E�:a:�c y y 1°�`'�.,
<br /> Y ry �.* - y witizain tturt da s after notiee from Lender to Borrower .r�,
<br /> 'rec�uesting pay�nent�hereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon'payment in`full of all sums secured b_y this Mortgage,Lender shall appl,y Funds held as a credit
<br />; � against all sums due.
<br /> k �
<br /> E . . .. ... ..,... ... ... . . . .. . . � .
<br />
|