|
;,�x-
<br /> � �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> OPTIONAL FUTUR6 ADVANGES
<br /> SAVINGS FUND
<br /> � FORM No.��
<br /> Loan Number__ 35070_____ 188__ _ 1 __
<br /> Type Br�nch
<br /> i7 V06855 M O R T G A G E
<br /> THIS MORTGAGE, made and cYecuted thie -_.... ..........__a�-s_ day of�����:�'n<�'�''lr... A.D.,
<br /> 19..Z7....,between the Mortgagor, --.....W1.l.l.��..J...�ies�taei.a�.l, aitd .Beve.r.l.Y..J. .NevJaeie�.�., .huakan�d.
<br /> ---.....aad.vife.--,jolnt.l]!..aad .each, iq.their.own..ri.6ht_......__....... _.......__ ...-.._...............-..........._..
<br /> of ..Doniphan _.--..._...... ., County of �1.1_. _ .. ..._____._,Stateof Nebraslca_.._,hereinafter referted
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, I235 "N" Street, Lincoln, NebraBks 68502, its successors and assigns, hereinafter refened to
<br /> as Lender.
<br /> W[TNE88BTH: TF18t t}1C said Borrower for and in consideration of the sum of._ �IN�-.�x.Crl��....-.-.
<br /> Tli,WSAND.AND_NO/100--.-_-_---_-,------.----.---------.-.-.-,--.Dol:ars (US$28,��._QQ.._ -.......__.._.)
<br /> paid by said Lendeq does hereby mortgage, grant and convey to Lender, its succesezors and assigi.:: the
<br /> following described property located in the County of ._... _�li........ .. ..._.....--, State of Nebraska:
<br /> Lot Five (5) in Block. One (1) in Yates Subdivision of part of
<br /> Lot Eleven (11) County Subdivision in Section Five (5), Township
<br /> Nine (9) North, Range Nine (9) West of the 6th 1 .M., Hall County, Nebraska.
<br /> TOGETHLII with all the improvemente now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royaltiea, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fisture� now or hereafter attached to the property, all of which, inrluding replace-
<br /> ments and additions thereto, ahall 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 thie
<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 hae 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, �ubject to any
<br /> eaaements and restrictions listed in a echedule oi exceptions to coverage in any title ineurance policy in-
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of title fmm abstract of title certified
<br /> by bonded abstracter. �
<br /> PQOVIDED ALWAYS� and these presents are executed and delivered upon the followinq conditions,aqree-
<br /> ments and obligatione of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum of _T�1F.tI1Y..EI(�T._Tl�O[7�ND
<br /> .AND..No114S1--r-rr--rr.---r-----r.-.r--.--.,---.-.--r.-.c----.-_Dollars (US $28...QQO�AQ_...._-_ __..-)
<br /> pa,yable as provided in a note executed and delivered,concurrently herewith, the final payment of principal,
<br /> if not sooner paid, on the fzXS.t. day of A��embeT , l�2�?Q6
<br /> UN�[+vata C.ov�NwN�. Borrower and Let►der covenant and agree as folluws:
<br /> 1. Paym�at o�Prineipal amd Iat�rsst. Borrower shall promptly paY when due the prinripal of and in-
<br /> terest on the indebtednesa evidenced by the Note,prepayment and late c•harges as ptovided in the Note,
<br /> and the principal of and intereat on any Future Advances secured by this Mortgaqe.
<br /> 2. Fuadr for Taxes m►d Iasurcaus. Subject to I.ender'a option under paraKraphs 4 ar�d 5 hereof, Bor-
<br /> rower shall pay to Lender on the day monthly ituztalimentti of principal and interest are payable under the
<br /> Note, until the Note is paid in [till,a sum (herein "Funds") equal to one-tw-elfth of the yearly taxes and
<br /> aaseesmeets which may attain piiority over this Mortgage, and gmund rents on the Property. if any plus
<br /> one-twelfth of yearly premium inatalltnents for hazard in�;urance, piu�+ onr-iwelfth of yearly Nremium in-
<br /> etallments for mortqege inaurnnce. if anv. �11 a� re�►K�nahly �:timet�d initielh� and fmm tim� to time by
<br /> I.ender on the baeis of assesements au�d bilts and reasonable e�stimates thereof,Lender chall apply the Funds
<br /> to pay eaid tazes, aesessments,itfsuraace premiums and qround rentx. Lender shail make no charge for ao
<br /> hdding and applyieg the Funde or verifying and compiling said aRsessment� and bills. The Le�der ehall
<br /> g�ve to the Borro�ver, witlwut chatga,an annual aceounting of Che Funds ehowing creditR and debits to the
<br /> Funda and the puepuee for which each debit to the Funda was made. The Funds are pledged as additionel
<br /> security for the sume aecured by this Mortgage. The Borrower aRreex that the Funds may be held b,y the
<br /> Let�der and commin�led with other fuetls and the Lender's own fundci and the Let+der may pay such items �
<br /> ue s
<br /> fe�o�tt ite own funt�and the Lee�dee sl�all not be liaWe for intere�+t or divide�fdi; on euch Funds. '"r
<br /> �..
<br /> � Lf the amwu�of tlfs FY�sdr l�etd by tnnder,to�ether with the futu�e monthiy inetallmente of Funde
<br /> P�Ysble peior to tl�e d�re dsta�af ta�es, a�e�e�ts, ineunnce premiums and ground rents, shall ezoeed "e
<br /> . the amwa�t required to pay rid ta�s.arermmb. ineuranoe ptemiust+e and Bround rents as they fall due. �
<br /> suelf exoeas ehal! be. et Soel�o�wer'e o�tbel►� eitdfer promptly rep�id to Boerower or eneciited to Fior�ow�er cx�
<br /> eeontkiy mstall�enb of Fusda. lf tbe aroonat of tl�e T�usde i�eld by i�nder�h.11 nor 1�eufTia•irnt tu�v
<br /> tazes. awe�rauats, i�eaaoe ptm�iusos ae►d sevund reeb�s they fall due, Borrower shall pay to Lender
<br /> any amiwet neeeraey to make up Lhe daHcaeecy wit�ia tbirty days after notice from Lender to 8oerower "
<br /> reqt�tin�p�y�e�t ti�w�r»f. �x Ahnr�w�e da�, lrv s�iwryvw�wP in manthlv inatall�wetr of Funds required.
<br /> nWY tke dePeier+cy within t6e Fued ae000�taer period.
<br /> Upon psyment in full oE all eut� eecured by tfiie Mortgag�e,Lender xhall appiy h'undF hrld a,a credit �
<br /> against atl eumc d�e.
<br />�
<br />
|