|
�;:�
<br /> � �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> L SAVINGS FUND
<br /> � FORM No.720 ____ - _
<br /> L W Loan Number___35086 — 188 — 1
<br /> Type B��nci�
<br /> �7- 00725�5 MORTGAGE
<br /> THI3 MORTGAGE,made and executed this .__ ...�5..._..__ . <�:�.�5�'.........-_.
<br /> day of ......�.. . A.D.,
<br /> 19-`1.�...,between the Mortgagor, ..Larry__L,.__Ter,ry_and..Karen_J,_TQ_�ry,__�usbansi..and_.wi�e,..�nintly
<br /> and each in, their.own..ri8ht.r...............__............
<br /> ----........................................._..- ___....- -.........
<br /> of......Grand Island , County of .............Hall....__..._..,State oi -Neb?�ask�... __,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Linwln, Nebraeka 68501, its succeseore and assigns, hereinafter refened to
<br /> ae I.ender.
<br /> e • t e said Borrower for and in coneideration of the sum of .THIRTY NINE THOUSAND
<br /> SIX � �b 10 --------- 39 600 00
<br /> ------- ---- ------Dol;ars (US$. r _ )
<br /> ............ ....... _... _ _. _ .. .. _ _ -__ . __..__. _ _
<br /> paid by eaid Lender, does hereby mortgage,grant and conve�y to Lender, its succeseors and assigns; the
<br /> following described property lacated in the County of _.._..._Hall ___.., State of Nebraska:
<br /> Lot Six (E), Block Nine (9), in West Park Addition to the
<br /> City of Grand Island, Hall County, Nebra:ka.
<br /> TOCETHEE W1tI1 all the improvements now or hereafter erected on the property, and all easemente,
<br /> rights, appurtenances, rents, roYalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> ments and additions thereto, ehall be deemed to be and remain a part of the property covered by this
<br /> Mortgsge; and all of the foregoing, together with eaid pmperty (or the leasehold estate in the event this
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Bocrower covenant�that Borrower is lawfully seised of the estate hereby conveyed and hae the right
<br /> to tnortgage, grant and convey the Property, that tt�e Property is unencumbered, and that Borrower will
<br /> wartant and defend generally the title to the Property against alt claime and demande, eubject to any
<br /> eeaemente and restrictiona listed in a schedule of exceptione to coverage in any title insurance polic,v in-
<br /> euring Lender's interest in the Property, or (2) attorney's opinion of title from abRtract of title certified
<br /> by bonded abstracter.
<br /> PPOVIDED ALWAY6, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligatioas of the Bonower, to-wit:
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum of THIHTY...��Nk:.xHUUSAND-_.
<br /> SIX,_HUNDRED__AND NO(.100-_-_:-------.'.--------.------------Dollers lliS$._ ..34af�Q9.�.QQ__._ ..__-)
<br /> _ __ __..
<br /> payable as provided in a note ezecuted and delivered,concurrently herewith,the final payment of principal,
<br /> if not eooner paid,on the._ ..1s� __._ day of .. __ J anuary _ , � 2�
<br /> UNIF08M CovExwrtr�. Borrower and Lender covenant and a�ree as fotlows:
<br /> 1. Paym�nt of Priaeipal m►d Inbr�at. Borrower shall promptly pay when due the princi�a 1 of and in-
<br /> tere�t on the indebtednesa evidenced by the Note, prepayment and late charges as provided in the Not.e,
<br /> and the principal of and intereat on any Future Advanceb secured by this w4ortgage.
<br /> 2. Fuads bor Tmce�and Insurm�ee. Subject to Lendei s option und�z paraRraph�4 and 5 hereof.Bor-
<br /> rower shall pay to Lender on the day monthly installmenta of principal and interest are payable under the
<br /> Note, until the Note ia paid in fu11,a eum (herein "Funde") eyual to one-twelfth of the yearly taxeti and
<br /> aeeesementa which may attain peiority over thie Mortgage, and ground rente on the Pmperty, if any plu�
<br /> one-twelfth of yearly premium installmente for hazard ineuranc�e, plus one-twelfth of vearly premium in-
<br /> atalltaente for mortgaae ineuranoe, if an� all as reasonably eisLimated initiallv and from time to time bY
<br /> Lender oa the basie u[us�ewscuents and tull►an1 rr.asunaLlr r.sLiniat�ew thrrru[,Lender alwil ap}�l� the Fund.,
<br /> to pay eaid tax�, aseeesments,inausance premiums and ground rents. Lender shall make no charge for �w
<br /> hotdit�aed applying the Funds or verifying and compiling said aasesements and bitls. The Lender shal!
<br /> g�ve to the Borrower, without charge,an at�nual acco unting of t.he FundF showing cn+ciitF and debits to the
<br /> Funda and t!►e purpo.e for w�hicli e�ch debit to the Fueds wss msde. The FundR ane pledged as addit.ional
<br /> aecurity for the sums oecured by this Mort�age. 1'he Borrower age�aes that the Fundg mny be held by tlse ;'�
<br /> I.�der and oommiagled wiLh ot}�er tundr and the I.ender'e own funds and the Lender may pay such items .. .v=�;
<br /> inom ita ow�n funda and the Lender s6a11 eot be lisbte for ietereet or dividends on �:uch Funds. t"�'
<br /> � IE t6s ameuat af the Ptieds I�eld by Iwieder,to�eth�r aith ti�e futue�e nwnthly inatallments of FuedB �„�y
<br /> WY�P;�to We dus dates at' tate�,ara�mento, inwteretoe p�etaiume and ge+ound rents, eha11 ezceed �,
<br /> ths ataount reqnii+ed to y nid taser,a�s�renents,inrur�noe premiume aad g�w�nd rents as they fail due,
<br /> a�
<br /> ench esceee t�a!!be, at 'spp�p�, either�romp ttyzepn�d to Bor:ower or credited to Sorro.rer on
<br /> n�onthly im+Eallmeetw oF Fue+ria. Tf t.Tie anwsu�t Af t.hr Func�iwlti hy Tw+nrirr Ri�wll n..t iw��ifi'i.�irnf t4��,ay
<br /> taies, a�wsMeab.imunnoe pe�tiuw aud itound ree�as tl�ey falt due, Boia�nw�chall pay to Lender �.
<br /> any amowft aeo�aeq bo malte uip the descienc.y within thirty days after notioe f:o� Lender to Borrower
<br /> reque�tin� payn�en t t�+ereof, or Beerow�et dfatl, by an inc�se ie monthly instatlments of Funds required,
<br /> repay the deacit�:y withiu tt� Fuud w�:uuuLiug �aeriul.
<br /> Upon paya►mt ia (ull oE a!1 wnu eecured by this Mort6a�e, Lender shall spply Funds hrld a�:a�•rrdit
<br /> .s�;n�c.0��a�. �
<br />�
<br />
|