|
� , �,,.
<br />� � ��.::�
<br /> � ��aU051_60 , �
<br /> IIVDIV IDUAL
<br /> DUE ON SALE
<br /> Fl�57' OPTIONAL FI.�TURE .�iDVANCES `
<br /> ; �. . . � �F�L '��Po n�'No.s2o U ND . � � . . . . . . , � .
<br /> ' ��C�N Loan Number_3�5�1--- -188----1--
<br /> . . .. �. �. . � . � Troe . e.a�cn .
<br /> r
<br /> <� MORTGAGE
<br /> ' THIS MORTGAGE,made and executed this �� " day of .��y� A D
<br /> � � 19.7.�.,between the Mortgagor Uary L.__.nowt�i_<i__,nrig„uhai.La��e_,S.__Iiuwttig,!-.riuspr�na..ana wrire,ann
<br /> ', y Glenri W_::_Howard, and.Maxine:Howard�::husband and wife� �ointly and severall� and each in thei�i��.
<br /> ,, - • --- ...--.• �- - --...---��----
<br /> i of,Grand.'Island: _ , County of ,:Ha11....... ..... ...... ..�State of ..Nebraska : . ,hereinafter Teferred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LIl`TCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lendea
<br /> ' � WiTxEssETx That tj�e said Borrower for and in consideration of the sum of�HIRTY-THREE,Ti30USAN1?
<br /> _...ONE„IiIJNl)RED AND_.N0�100................. . .---_.... ..._...-----...----•---Dol:ars (US$ 33zZ00.00, --��------�- )
<br /> paid.by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ; following described propert,y located in the County of ....._Hall_..__._ .. ..........._.� State of Nebraska: `% '
<br /> j, ` Lot One (1), in Block Seven (7) in Gladstone Place, in the City of Grand
<br /> Island, Hall County, Nebraska.
<br /> ;
<br /> TocETIiEa 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 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 ad�litions thereto,shall be deemed to be and remain a pazt of the property covered by this
<br /> `' Mortgage; and ali 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 /> E Borrow r covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, orar:t 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, subject to any
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of titie from abstract of title certified
<br /> y by bonded abstracter.
<br /> ' PeovinEn ALwnvs, and these presents are executed and delivered upon the following conditions,agree-
<br /> f inents and obligations of the Borrower, to-wit:
<br /> � The Borrower agrees to pay to the Lender, or order, the principal sum of .THIRTY-THREE TFi0U5AND
<br /> i ._.._Q� HI?NI?RID-�ND--NO,(100, .--�----�.............�---..._�-�- --� - ... ._.....Dollars �US $-.�3.�100,00----_ ....---- �
<br /> ; payable as provided in a note executed and delivered,concurrently herewith,t nal payment of principal,
<br /> ;' if not sooner paid,on the__.lst: day of....._September �20W.
<br /> UxiFoxM CovExnxis. Borrower and Lender covenant and agree as follows
<br /> 1.Payment of Principal and Interest. Borrower shall promptly pay when due the principal of und 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 Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Insuzance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> t rower shall pay to Lender on the day monthly installments oE principal and interest are payable under the
<br /> Note,until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this n4ortgage, and ground rents on the Property, if any pius
<br /> one-twelfth of yearly prem9um installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallznents far mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> Lender on the basis oF assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said taxes, assessments,insurance premiums and ground rents_ Lender shall make no charge for so
<br /> holding and agplying the Funds or verifying and compiling said as�ec�ment� and hitls. The T ender ehall
<br /> give to the Borrower,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> security for the sums secured by this Mortgage. The Borrowe� agrees that the Funds ma,y be held by the
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> froni its own funds and the Lender shall not be liable for interest or dividends on such Funds. "" # ' �
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds 4 '~ �1 � ��
<br /> payable prior"to the due dates of taxes, assessments, insurance premiums and ground rents, shail exceed ��
<br /> L the amount required:to pay said taxes,assessments;insurance premiums and ground rents as they fall 3ue, � ��
<br /> such:excess shall be,`at Bo;rower's option,either promptly repaid to Bormwer or credited to Borrower on �w: '
<br /> monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br /> taxes, assessments, insurance premiums and ground rents as they fall due,Borrower shall pay to Lender
<br /> ' any:amount'necessaiiy.to make'up the deficiency within thirty days after notice from Lender to Borrower ^��'
<br /> requesting payment thereof; or Borrower shall, by an increase in monthly installments of Funds required, �
<br /> repay'the deficiency within the Fund accounting period.
<br /> Upon payment in full of ali sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> ,
<br /> against all suras due.
<br />� � I' �
<br /> k:-.
<br />� �
<br />
|