|
� �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> � OPTIONAL FUTURE ADVANCES
<br /> SAVINGS FUND
<br /> �� FowM No.720
<br /> � Loan Number__ 35184 — 188 -- 1
<br /> -----r----------
<br /> YO� 6.,��h �
<br /> 77- 00'7012 MORTGAG E
<br /> THI9 MORTGAGE,made and executed this .. ... ..,,:3_................ day of .._.�.�.c_e.rn.l.�r'._.._- A.D.,
<br /> 19...�.2_,between the Mortgagor, ...'�imo.GhX-J.-_Kx.aus...an.d..Xxon.ne.l�r.aus,..husbatsd.-aad._wife. ..__..
<br /> ioin.�19...81�d..�$�.h..iA._the_#.r.own..x�Sht,......._- -.....-- . .............._.............._...._.......- -.._..._..__.............
<br /> of .....Grand._Island_......., County of_...._---.-.Ha�7�............._,State of.. .N�b.r.aaka. - _ ,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> I.INCOLN, 1235 "N" Street, Lincoln, Nebraska 68.507, its succe.�sors and a.+signs, hereinafter referred to
<br /> as Lender.
<br /> W�TNESSETH: TF18C tI1B said Borrower for and in consideration of the sum of .THIRTY E IGIiT__THOUSAND
<br /> AND NO 100----------------------------.----.--.----.----.�.Dol:ars (US 5._38t000.00._.._... ...... )
<br /> _._- -........._.........._................_.._...._._.._...... _
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, ite successors and aseigne; the
<br /> following described property located in the County of . Hall , State of Nebra�ka:
<br /> Lot Eighteen (18) in Bishop Heights Second Subdivision, Hall County, Nebraska.
<br /> TOCETHE6 Wlt}1 sll the impmvements now or hereafter erected on the ptoperty, and all easements,
<br /> righte, appurtenancea, rentx, royalties, mineral, oil and gae rights and profits, water, water righta, and
<br /> watez etock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> menta and additions thereto, ehall be deemed to be and recnain 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 leeaehold) are herein referred to as the "Property".
<br /> Borrower covenantrs that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Pmperty, that the Property iR unencumbered, and that Borrower will
<br /> w�arrant and defend generally the title to the Pn�perty against all claim� and demands, subject to anY
<br /> easements and restrictions listed in a schedule of exception� to coverage in any title ineurance 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 /> P60VIDED ALWAYS� and these presents are executed and delivered upon the following conditione,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay t� the Lender, or order, the principal sum of .THIRTY EIGHT_.THOUS_AN1D_
<br /> �r?�.No�ioo-.--------------------------- ---- -------�ua� �vs� 3s,_000.00
<br /> . . . . __ ___ ` _ >
<br /> payable as provided in a note executed and delivered, concurrentiv herewith, the 6na1 payment af principal,
<br /> if not sooner paid, on the - . _lst day of _. .. December� � �006
<br /> . .. ._.__ _ . ____ . ,
<br /> UNIP'ORM CUVENANTS. BOIIOWE'I'a[I(� I.Bi1(�BI COVCI19I1L fll]d HgTt'E 85 IOIIOWB:
<br /> 1. Paymont oi Principal �d Interer4 Borrower shall prornptly pay wher� 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 Advanceti secured by thia blort.gage.
<br /> 2. Fuads for Taxes mad Inrurancv. Subject to Lender'r option under paraRraphs 4 and 5 hereof, F3or-
<br /> rower shall pay to Lender on the day montFsly installments of principal and interest are pavable under the
<br /> Note, until the Note is paid in full,a eum (herein '"Funda") eyual to one-twelfth of the vearly taxes and
<br /> asseesment�s which may attain priority over this Mortgage, and gmund rents on the Pmperty, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plue one-twelfth of yearly premium in-
<br /> atallment� for mortgaqe ineurance, if any, all as reesonably �timaterl initiallv and fmm time to time by
<br /> Lendet oa the basie of assea�ments and bills and tesaonable estimates thereuf, Lender Fhall apF�ly the Fundti
<br /> to pay said taxes, assessmenLs,insurance premiwi�an�i gruuna rrnLti. Lrnder bhail nwke nu �•lu+rgr fur.0
<br /> holdittg and applying the Funde or verifying and compiling said assessments and bills. The l.ender shall
<br /> Bi�"e to tlie Borrower, without charge,an annval accounting of the Funds showing credit.s and debita to the
<br /> Ftiunds end the purpoee for which eech dabit.ta the Funde wa� made. The Funds arn pledged a.g additional
<br /> secvrity for the sums secuted by tkia Mortgage. The Botrower agreea that the FundF inay F�e held hy t.he .,�
<br /> Lettder and aommingled with other funde and the Lender's own funds and the Lender may paY guch items
<br /> trom ita ows� funds and the Lender shall not be liable for interest or dividende on such Funde. ��' w
<br /> If the amount of tl�e Futide held by Le�der,tog�ether with the future monthfy installments of Funds ' �
<br /> p�Vabls{wtior to tl�e due dates of fues,aeeerements, insusance premiutns and ground rents. Hhall exceed �
<br /> ��set ='a4ttieqd topa y+aid tazes,asse�nte, insurance preeniums and ground rents se they fall due, °
<br /> wch etcers ehsli be,at BotrowRer'e opti�,either promptlyrcpa id to Botrower or credited t.o Borrower on
<br /> e
<br /> n�a+'t1+iY �f��In+�eetr ef i�'und+a. If the nmourt of ttie Funds held b�- Lender stsal!nat be.;uffic i�nt tu E,ay
<br /> �es. a�m�nt+. toauranae premiume and smund ri,ntw e�+ they fail dve, Sormwer 4ha11 pay to Lendcr
<br /> my amom�t tw�ewry tu�ake t�the de8�cy within thirty daya after notioe from I.ender to Borrower ''
<br /> +'equertitf� gayteei+t t6et�eoE, or Bon+ower eltell, by an iqcreaee in awnthly insLallments of Funds required.
<br /> �P�Y �de8cieoey�vithia the Fund accoonting petiod.
<br /> Upon payme,nt in fuil of etl sama eecvred by this Mottgage,Lender shall apply Funds held ss a �•redit
<br /> sgainst a!1�uenr due. f
<br /> J
<br />
|