|
�..
<br /> ,. . . . . . . y E.. . . .
<br />�ti . .. . �.� .. . . ..� . � . � �. �'•���Y+i.^l�t�� . � .� �. j�.
<br />� � �
<br /> IhIDiVIDUAL
<br /> DUE ON SALE'
<br /> OPTIONAL FUTURE ADYANCES
<br /> 's i �R�,� SAVlNGS FUND
<br /> . ��L FORM NoJ20 � � � � � � �� � � �
<br /> ' , `-��C�N Loan Number__ 34305 __—__199 _V__I __
<br /> �� � � ' .. . � .. . �Tvoe erancn
<br /> � � 77- OR49�i.� M O R T G A G E
<br /> {
<br /> � TEiIB MORTGAGE, made and executed this �S .....: . day of ..�<��.�. ....... A.D.,
<br /> "� 19...7.7.:.,between the Mortgagor, . ?�chard_.E.__.Nliller and,Marily�?J..:M111er husband_ and.wife,
<br /> , . .._...
<br /> ' � �oint_ly and edch in their own;_right=
<br /> _...- --..... ._. ............. .�-----
<br /> ' � Qf ,,__:Grand_.Island,__,.: County of .:._... ._:Hall._, .:.__:_, State of :..Nebraska..,...,hereinafter referred
<br /> j to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LDAN ASSOCIATION OF
<br /> = � LINCOLN,1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referted to
<br /> . i as Lender.
<br /> :` WtTxEssETx: That the said Borrower for and in consideration of the sum of .LHIxTY. NIN�:_,:rHOIISAND
<br /> ; AND:NOf 100.------.---------------.----------------.---.--.�ol:ars (US$.....39.�00O.�.QQ. ... ....:..)
<br /> + paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> � ' following descr3bed property located in the County of ...,.Hall.. ,... __ .... ....., State of Nebraska:
<br /> ��--•- -
<br /> t
<br /> �':1
<br /> �
<br /> y
<br /> q Lot Two (2), Block One (1), Southern Acres Addition
<br /> �� � to the City of Grand Island, Hall County, Nebraslia.
<br /> ;
<br /> �
<br /> TocEzxEx with all the improvements now or hereafter erected on the property, and all easements,
<br /> 7 rights, appurtenances, rents, royalties, mineral, oIl and gas rights and profits, water, water rights, and
<br /> '-t 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 leasehoid) 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 /> 3 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 ail claims and demands, subject to any
<br /> i 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 /> � by bonded abstracter.
<br /> � ,
<br /> ` PaovinEn ALWAYS, and these presents are executed and delivered upon the following conditions,agree-
<br /> y 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...�k1i�xX_�`IZI4�_.THDUSATID.
<br /> l - -- ---
<br /> ._AND._SIQ/1QQ_.rr....c----cc-----.----:-.-----------.c--r.------�ollars (US 5.....-�9,O.ORaA9._... ...... _)
<br /> l payable as provided in a note executed and delivered,concurrently herewith, the final payment of principal,
<br /> � if not sooner paid,on the..._.�'��'S'�....,... _.. day of....._.S.e,P�emb.ex....... �
<br /> �
<br /> .......__, i�.2��6
<br /> Ux�aoamt CovFxnxTs. Borrower and Lender covenant and agree as follows:
<br /> i. Payment oi Principai and Interest_ Borrower shall �romptly 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 Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rawer shall pay to Lender on the day monthly installments of principal and intsrest are payable under the
<br /> Note;until the Note is paid in full,a surn (herein "Funds") equal to one-t�r�elftli of the yearly taaes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Propert.y, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearIy premium in-
<br /> staliments for mortgage insurance,iF any, all as reasonably estimated init.iallv and from fime to time by
<br /> Z,ender on the basis of assessments and bills and reasonaUle estimates thereof, Lender shall apply the Funds
<br /> to pay said taxes,assessmentc,insurance premiums and�roimd rents. I.ender shall make no char�e for so
<br /> ho3ding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> give to the Borrower,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funds and thepurpose forwhich 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 /> I.entler and cornmingled with other funrLs and the Lender's own funds and the Lender may pay such items
<br /> from its own`funds and the Lender shall not be liable for interest or dividends on such Funds. �'"�^*.�� ' " . ';'4.
<br /> If the amount of the Funds held by Lender,together with the future monthly instaliments of Funds � +� -� \
<br /> payable pziox to the due dates of taxes, assessments, insurance premiuins and ground rents, shaII exceed �ft
<br /> � the amount required to pay said taxes,assessments,insurance premiurns and ground rents as they fall due, �'" ;4
<br /> such excess shall be, at Borrower's option,either promptly repaid to Borrower or credited to Borrower on ��.�',:
<br /> monthly installments of Funds.-If.the amount of the Funds held by Lender shall not be sufiicient to pay
<br />� , taxec�,:assessments,insurance premiums and ground rents as they fall due, t3orrower shall pay to Lender �
<br /> atny amount necessary ta make up tne�ieficieney wiiiun thiriy days aiter noiice irom I.encier to i3orrower " , �:
<br /> requesting payment thereof, or Sortower shali,'by an increase in monthly instal2ments of Funds required, �
<br /> repay the deficiency within the Fund accounting period.
<br /> U�uii �xyuiCii6 iu full uiall sums secured by ihis ivTortgage,Lenner shaii appiy run��iiei�3 a�a�rcuiL
<br /> � against all sums due.
<br /> ,
<br /> ..._ �.,. _ � �
<br /> �._
<br />:�;� �
<br />
|