|
�
<br /> ����
<br />� , �� t
<br /> E '';��
<br /> � � � �
<br />� iNDIYIDUAL
<br /> DUE ON SALE
<br /> ���T OPTIONAL FIJTURE ADVANCES
<br /> CCl�pA■ SAVINGS FUND
<br /> R"�VCR/�1L FORM No.720
<br /> ���N Loan Number__34057___-188 _ -_1__
<br /> , � . � � . � � . � .. . , .. . . —irco. erance
<br /> 77- ClU5 �'75 M O RTGAGE
<br /> ; - , � , A , �
<br /> � THIS MORTGAGE,made and executed this .....:... �!............ day of..:.. ;. !�. .y..'.. __...... t�.L.,
<br /> y a ` 19._;..7..7,between the Mortgagor,:..Detbs.XC:.A.._..Theasmey.ex...and.I�oi.s.�S'heasmey.ex.,..husband.and._..
<br /> ':; .__.:.w�€e.,_.�o�nt�3'.:_�nd...�acla..�n_.x���tx...own.:x,i.gh�..-�-�........... ...............•--••----.....--�---.:.._:_._.....-----�--.......---• ' ° ,
<br /> k of G;aRd_.Is.�aqd......::..... County of.:. _....__Hfz.l.7...--...........,State of...NEb.rask.a-•---..,hereinafter referred '
<br /> ; to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN AS50CIATION OF
<br /> ; LINCOLN, 1235 "N"Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter ieferred to
<br /> as Lenden
<br /> i
<br /> ; WiTxEssBTx That the said Borrower for and in consideration of the sum of �IR� T�FO ��IOiJSAND
<br /> AIJ.D NO/100- _ „_,-..�---.. .---�----------------- ' 32 000 00
<br /> -- - .:.._......_.._. .. ... .................�----Dol.ars (US $..----x_.. _. .._...: . . ...::._)
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ` following described property located in the County of Hall......... ........ ....__.._._., State of Nebraska: :
<br /> {
<br /> f
<br /> Lot Eight (8) in B1ock Ten (10), in John Voitle's Addition
<br /> ta the City of Grand Island, Hall County; Nebraska.
<br /> �
<br /> ' :�
<br /> ,. ,� � �
<br /> � � TOCETHER WItI'1 2II tI1Q 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 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 /> j Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> � .
<br /> :� Bormwer covenants that Borrower is lawfully seised of the estate hereby canveyed and has 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, subject to any
<br /> ;� easemenis 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 title from abstract of title certified
<br /> � by bonded abstracter.
<br /> cF PeovtnEn ALwnYs, and these presen�s are executed and delivered upon the following conditions,agree-
<br /> � ments and obligations of the Borrower, to-wit:
<br /> 1
<br /> � The Borrower a rees to
<br /> , g pay to the Lender, or order, the principal sum of .__�?=R�'...�i+10,..TIiO.USANII:AND
<br /> .�Ol.�QQ----.------------..... --------------------�ollars (US �u:..�2.>_9QQ...OQ:.._:..-�---�------)
<br /> � � •---------------------�----------•�------........ . -
<br /> payable as provided in a note executed and delivered,concurrently here�vith, t.he final payment of principal,
<br /> � if not sooner paid,on the-----�'7.xst-.---•----- day of--..---.J.vne..................... ........ 19-9.8--•
<br /> s
<br /> � UxiFoaM CovExaxrs. Bormwer and Lender covenant and agree as follows:
<br /> 1. Payment"of Principal and Interest. Borrower shall promptly pay when 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 Advances secured by this Mortgage.
<br /> ` 2. Funds for Taxes and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> Yrower shall pay to Lender on the day monthly installments of principal and interest are payabie 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 Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premiurn installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for 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 shali apply the Funds
<br /> to pay said taxes, assessments,insurance premiums and groUnd rents. Lender shal! make no charge for so
<br /> hoiding and applying the Funds or verif3rinb and compiling said assessments and bills. The Lender shall
<br /> give tp the Bormwer, without charge,an annuai accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose for which each debitto the Funds was made. The Funds are pledged as'additional
<br /> securit far the sume secured b this Mort a e The Borrower a �
<br /> +' Y Y g g . grees that the Funds may be heid b,y the
<br /> Lender and commingled with other funds and the Lender's ocvn£unds and the Lender may pay such items ��.,. �,.-,
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds. � ��"'r
<br /> � � �� � a �.w. -
<br /> I£the amouz�t of the Funds held by,Lender,together with the future monthly installments of Funds �. ,�;
<br /> �� payable,prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed =,
<br /> ' the amount required to pay said tases,assessments,insurance premiums and ground rents as they fall due, X tr�,
<br /> such excess shaTl be, at:Borrawer's option, either prornptiq repau3 to$arr�wer or credited to Borrower on �;
<br /> monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br /> ; .,
<br /> % tases, assessments, insurance premiuxns ar_d ground ren�s as they fall due, Borrower Ghal!pay t� Lender ` k�
<br />� ;, any amqunt'necessary to make up the'deficiency within thirty days after notice from Lender to Borrower '
<br /> requeating,payment thereof, or Borrower shali,�by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period:
<br /> Upon payment in full of all sums secured bY this Mortga�e,Lender shall apply Funds held as a credit
<br /> g ms due.
<br /> a ainst all su �
<br /> � �
<br />� _ �
<br />� �
<br />
|