|
:�.
<br /> r -�
<br /> /rr� INDIVIDUAL � '
<br /> / DUE ON SALE
<br /> ; OPTIONAL FUTURE ADVANGES
<br /> SAVINGS FUNO
<br /> . � FORN NOJ20
<br /> �� � Loan Number___ 35324 — 188__— 1 ___
<br /> TyDe B�a��th �
<br /> 77_007590 M O R T G A G E
<br /> THIS M�RTGAGE, mede and executed this .._.. .-...�U...__...... . day of _._C:.'.���.-r._ _ .._ A.D.,
<br /> 19.. 7..7_,between the Mortgagor, .-�d..D.._Nyp_..and._Mel,inda_G,. Nyp .husba.�d an�„w1.F.�. .�ointly
<br /> and esch._in_.their.own .ri,�ht,..._,.
<br /> .... ._.._ ... ..... .... ...._.... . __.__. .....__ ___ -...._. .._......__ .... -- -
<br /> of..._Grand Island , County of__..........Hall _ .__._.,State of _ Nebraska____,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 68501, its succesc,ors and acsigns, hereinafter referred to
<br /> as Lender.
<br /> sT : e said Borrower for and in consideration of the sum of ..FORTY THREE THOUSAND
<br /> t h ___.
<br /> 7W0 D�E A�ND N �1�0---------- -------------------Dol:arr, (US$ 43,200 00
<br /> __...)
<br /> ..--.._. . ...._._.... .. ...._ _ _._.. _.. .. __._ __ _ _
<br /> paid by said Lender, dces hereby mortgage, grant and wnvey to Lender, its successors and assiqns; the
<br /> following described property located in the County of ._... ._Hall , State of Nebraska:
<br /> _. . ___...
<br /> Lot Eight (8) in Le Heights Third Subdivision, part of the E2NW4, Section
<br /> 11, Township 11 North, Range 10 West o£ the 6th P.M., Hall County, Nebraeke.
<br /> TOGETHEY with all the improvement.s now or hereafter erected on the pmperty, and all easements,
<br /> rights, appurtenances, rentr, royalties, mineral, oil and �as rightF and pmfits, 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 ie on a leasehold) are herein referred to as the "Property".
<br /> Bocrower rnvenants that Borrower is lawfully seised of the estate here.by conveyed and has the right
<br /> to tnortgage, grant and convey the Pmperty, that the Property is unencumbered, and that Borevwer will
<br /> wrarrant and defend generally the title to the Property against all claims and demands, eubject to any
<br /> a�emente and reatrictions listed in a schedule of exceptions to coverage in any title insurance �wlicy in-
<br /> auring Lender's interest in the Property, or (2) attorney's opinion of title from abetract. of titie certified
<br /> by bon3ed abstracter.
<br /> PYOV[DED ALWAY9, and theae presents are executed and delivered upon the folluwing conditions,agree-
<br /> ments and obligatione of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender,or order, the principal �um of .FOK1'Y. THBEE_THOUSAaID.
<br /> '1WO..kxi1.�..$�+r.D.AN.D.NO/.100--_----.------_----.----------------Dollars (US�._4�...2QQ_.0.0._ _ ___ )
<br /> payable as provided in a note executed and delivered,concurtently herewith,the final payment of principal,
<br /> if not nooner paid, on the. _�t.__ .__. . dav of .__._Jaauaxy - - -. 3dt 2007
<br /> UNIP'OQM Covexwx�rs. Borrower and Lender covenant and agree as follow�:
<br /> 1. Paym�nt of Priacipat mid Interest Borrower 4ha11 promptly pay when due the princi�aI of and in-
<br /> terest on the indebtednese evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> at�d the principal of and interest on any Future Advancen,ecured by this Mortgage.
<br /> 2. Fuods fer Taris m►d Is�uraac�. Subject to Lender's option under paragraphe 4 and 5 hereof, Bor-
<br /> rower ahall pay to Lender on the day monthly itae3tallments of principal and interest are pa,yable under the
<br /> Note,uatil the Note is paid in full, a sum (herein "Funds") equal to one-twelfth uf the yearly taxes and
<br /> seseasments which may attain priority over this Mort.gage, and gmund rentc on the Pmperty, if any pluw
<br /> one-tweltth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments fur mortgage insurance, if any, all as rearonably e�;timated initialla and from time to time bv
<br /> LLrt�de��n the haPiA of aaae�wamenta and hills and resaonahlP rstimates thPrex�f, I,��n�ler�hatl appl�• thP Fun�l�
<br /> to pay eaid tazee,aeeeesmentn,inaurence premiumR and �round rents. Lender nha❑ make no charRe for r+o
<br /> lyolding and apptyin� the Funda or verifying and compiling aaid asser�ments and bills. The Lender shall
<br /> 6ive to the Boesnwtr, without eharge,an annuai accounting of the Funda ehowing credite and detrite to the
<br /> PLtnds aa�d t6e,purpore foe which each debit to the Funds was rnade. The Funds are ptedged as additional
<br /> secweity for tl�e awns eecue�ed by tlsie Mostgage. The Bormwer aqrees that the Funds may be held by the ,�
<br /> Leoder�td cotnmingied with other funde and the Lender's own funde and the Lender may pay such items
<br /> fe+om itc own f�sade ae�d the Lender ahall not be liable for interest or dividends on such Funds. �
<br /> I[tl�e�tno�mt of the Ftimd�held by Lender,togett�er with the future monthly inetallments of Funds
<br /> � paysbie;►eiae bo tLe due dates of t�es,aese�aeea�ts, i�ure::ce premiume aad ground rentx. ehall e:eeed
<br /> tie amornt�'e4vii'ed topa y nid tayee,aare�ta,insueance pren�iume and ground rents as they fail due, �
<br /> w�ch e�cc�err si�7i be,at Boa�+o�ver's option. eitLer prnmptiy reptid to Borrower or ce^edited to Bormwer on
<br /> ia�onthly indalimee�b of Ftn+de. If the amount of the Fuade hdd by Lender shsll not be sufficient to pay
<br /> ta=es. arrerwnentr. ioruranoe paem�ume md�tound rents ae tlsey fall d�. 13orrower shali pay to Lender .�
<br /> aay amo�mt neoee�ary to malce up the d��fey withia thirty days after notioe from I.ender ta Borrower
<br /> reQnes�tie�payment tlureof, or Borrower elull, by an increase in monthly instapments of Funds �quired,
<br /> e�epap tl�e de�aecy within tfie Pti�nA erw+a�ntina �wriod.
<br /> Upoe payment ia full of ai!sums eecueed by thia Mortgage, Lender shall appiy Funds heid ar,a cred�t �
<br /> a�Cainet all euma due.
<br />�
<br />
|