|
�: � Nz�� }
<br /> � _ < ., �,:::< _ �
<br /> � .
<br /> iNQlV:JlJAL .
<br /> i DUE ON SALE
<br /> �R�''` OPTIONAL FUTURE ADVAfVCES
<br /> �■ SAVINGS FUND
<br /> ���N FOR ra N o:720 . .�. . �
<br /> Loan Number,_34472;_-_188 _- , 1_
<br /> � TroG Branch �
<br /> � '77- U0494�
<br /> ; M 0 R T G A G E
<br /> � 'I'HIS MORTGAGE, made and executed this ..:.:. .�..�.__/. _.... day of.:� ....: ....... A.D., ;.
<br /> ' 19_�.'.7:__.,between the Moztgagor, ..J.ohn.M....Bolaling. an.d..�aral..A....Boialing,.. us�and..wife <
<br /> �•�
<br /> ^^ ..�ain.tly.--and_.e,ai.ch_.aia_.tki�i�.own..riglxt. ..-•---�- -..:.._.. -•..................... ..:.:.... ...:...... ...:..:..._..:.
<br /> ; of_..:.�x.and::S.s].and,:.......,,Gounty of .,.....:.Ha,l:l.:... ...:..... State of...Neh�ask.a_:_....,hereina#ter referred `
<br /> to as the Borrower;and the Mortgagee, FIRST FEDERAL$AVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" 5treet, Lizicoln, Nebraska 68501, its saccessors and assigns, hereinafter referred to -
<br /> as'Lender.
<br /> � WiTxEssETx: That the said Borrower,for and in consideration of the sum of_..T.WENTY,,ONE ,THOUSAND ;
<br /> ; AND.NO(100.:.. . . ------- --------------------------�ol.ars (US�"�--21:000,00_ )
<br /> .. ......... ......... ..----.._.._....---•----�---..._ ..........--•-----�� ---�----. ,
<br /> paid by'said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ' : following described prnperty located in the County of . ....... :. Hall .._.,;_., State of Netiraska: -%
<br /> Lot Six (6), B1ock F'ive (5), in the Original Town, now City of Grand
<br /> Island, Hall County, Nebraska.
<br /> � � �
<br /> 4 . . . � . . . . � . .. � . .. . . . . il ,.
<br /> ;t � . . . � . � . .. . . . � � . . . � . .
<br /> TocsTxEx 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 profi�s, 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 /> 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 wilt
<br /> � warrant and'defend enerall the title to the Pro ert a ainst all claims and demands, sub ect to an
<br /> � � Y P Y € J Y
<br /> � easements and'restrictions listed in a schedule of exceptions to coverage in any titie insurance policy in-
<br /> suring Lender's interest in`the Property,oT (2) attorney's opinion of title from abstract of titIe certifiecl
<br /> by bonded abstracter.
<br /> . � .. PROVIDED�I�LWAYS,.a21d t11CSe�pY25EIItS.aTe executed and delivered upon the following conditions,&gT'BE- �
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay tn the Lender, or order, the principal sum of. .'�7ENTY. ONE,_THOU$�, -
<br /> ; , AI�Iz2._NQ/1.04---... --�--- _....._ . ..: ......---------.-----.--------Dollars (US �...Z1s000_.49_. :_.,.__.)
<br /> � payable as provided in a note execut:ed and deliveced,concurrently herew�ith; the final Y�ayment of principal, -
<br /> � if no4 sooner paid, on the _.::...__._.�.&�_-----.. day of:..._...._�eptean�er:..............., ]�c..2Q06
<br /> UxxFoaM Cov�xaxxs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest 4n the indebtedness evidenced by the Note,prepayment and late charges as provided in the I�Tote,
<br /> ancl the principal of and interest or�any Puture Advances secured by this Martgage.
<br /> 2. Funds for Taxes and Insur�:ce. Subjec£to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall pau to Lender on the day monthly installments of principal and interest are payable under the
<br /> ' Note, until the Note is paid in fuIl,a sum (herein"Funds") equal to one-t�velfth of the yearly taxes and
<br /> 4 assessment�s which may attain�riority over this MorEgage, and ground rents on the Property, �f any plue
<br /> ' one-twelfth of yearly premium instaliments for hazard insurance,plus one-twelfCh of,yearly premium in-
<br /> t stailments for mortgage in.gurance,if any; al] as reasonably estimated initiatly and from time t.o time by
<br /> Lender on the hasis of assessments and bi11s and reasonable estimates thereof, Lender shall apply the Fumds
<br /> " to pay'sai3 tases, assessments, insurance premiuins and ground rents. Lender shall make no charge for so
<br /> 1»2�2iug and applying i13e runds or veriTying and campiling saici assessments and bills. The Lender shall
<br /> give tp the Borrower,.without'charge, an annual accounting of the Funds showing creditsand debits to the
<br /> Fuads-and the purpose for which each debit to the Funds was rnade. The Funds aTe pledged as additional
<br /> security for the sums secured by this Mortgszge. The$orrow•er agrees that the Funds may be held by the
<br /> Lender and commingled with�ther funds and the Lender's oc��n funds and the Lender may pay such items ;�,
<br /> from,its own funds and the Lender shali not be liable for interest or dividends on such Fainds. ",f, -
<br /> ,..
<br /> �� ��9i c�" �w�
<br /> " a If the amount of the Funds held by Lender,together with the future monthly installments of Funds
<br /> payabie prior to the due dstes of taxes,assessments, insurance premiums and ground rents, shall exceeci ,. u"�`
<br /> � the amount nequired to pa3 said taxes,assessments,insurance preminms'and ground rents as they fall'8ue, � ,...'
<br /> such excess;shall be,at$orrower's o tiion, either rom tl re %"" :
<br /> i . P p p y paid to Borrower or credited to$ormwer on _- ,
<br /> monthly installmente of Funds; If tk�e amount o#the Funds held bp'Lender shall not be sufficient tQ pay r ;;
<br /> � t�.es, wssess�eaw, snsura.�ce prerniuins arxd grounJ rents as i�hey fall due, Borrower shall pay to Lender �
<br />,� � any amo��nt neceyc„z5,#o�eke,ttg thv,defi�eacy r,:thizi thirt-y days after not:ce $'oin I,Cnuer �.0 norrower
<br /> Te4uestzng PaYn►ent thereof, or,Borrouver shail; by an increase in monthly instaliments of Funds required, �
<br /> repay the deficiency w�ithin the Fund accounting period.
<br /> IJ�xin raymPnf in fvll �f n12 sexm� secu:ed b�� this I1lortgage,Len:.'er sha2l app3y I�uu.2�:ield as a cr��i:
<br />� � against s11 sums due. ' �
<br /> � ��
<br />� �
<br />
|