|
��. � . � � � •rys .
<br />� i `�,:�•
<br /> � �, �;!
<br /> ,
<br /> IND13/I�UAL
<br /> DUE ON SALE
<br /> + FlR(�"r OPTIONAL FUTIJRE ADVANC�S '
<br /> �! SAVINGS FUND
<br /> � L FORM N0.720 ' � � � � �
<br /> ` ����N Loan Number__34695___-_188_ -_ 1,_
<br /> � � ...:.a .. . � TYoe. Branch
<br /> � � %�'« 00�5�� '
<br /> ; M O R T G A G E , ; .
<br /> ,� : . � . .., .. : �.. . � . . . . . :. r .. , .., r.,
<br /> � THIS MORTC>AGE, made and executed th�s...:__... �7.::......:... day of.:�.,�,.�r��--�--.:. ._..... A,D., `
<br /> ' � .Richard.H:_.:Nagorski;and_.Debra;L.;;;Nagorski husband,;�nd._„ " '
<br /> s 19 77 ,between the Mortgagor s :
<br /> Y wite� aointlX.,and;each' 3n their own`right,.-•• •----- ----- ------- - -------- • ---•---• ---�--.:........:.----
<br /> ; .- �--- �------ ,
<br /> " � ' of....Grand Island__:..: County of.. ...Hall. Nebraska �
<br /> ._.., -•----.-.--:--,State of..- - .----.-•--•--,hereinafter referred ;, ;
<br /> `,� -' to as`the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> ' � _ LINCOLN, 1235 "N" Street, Lincoln;Nebraska 685Q1, its successors and assigns, hereinafter referred to ��;
<br /> as Lender.
<br /> , I�YTxsssE2x That the $id Borrower for and sn consic3eration of the sum of TWENTY THOUSAND �
<br /> SEVEN HUNDRED AND NO/l�U --Dol:ars (US $ 20,_700 00 . ...�
<br /> --..._... �..... ......... ... -----�•-- --�-�--- ......... .............. . _..- -- ,
<br /> � � �� ��
<br /> �
<br /> paid;by,said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns, the
<br /> � '
<br /> j following described property located in the County of ...................Hal],.. ,..:,.,., , State of Nebraska: ', ' ; '
<br /> � � ' A tract of land comprising the Northerly eighty and PTine Tenths (80.9) feet of t, !
<br /> � Lot One (1) in Bloek Eighty-five (85), in Wheeler and Bennett's Fourth Addition
<br /> to'the City of Grand Island, Hall County, Nebraska.
<br /> � jy
<br /> � . . . . . � . . � � � . . � . .� . . 6
<br /> t . .. .. . . . . . . .. : . . . . . .� .. . n � .
<br /> �
<br /> i TocETxEe with all the improvernents now or hereafter erected on the property, and all easements, t: : �
<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 /> & Mortgage is on a leasehold) are herein referred to as the "Property". h '
<br /> Sormwer covenants that Borrower is lawfully seised of the estate hereby conveyed 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 titie to the Property againat 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 title from abstract of title certified
<br /> by bonded abstracter. "
<br /> � PaovinEn As:wnYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> � The Borrower agrees to pay to the Lender, or order, the principal sum of._T�:?ENTY THQUSAND_SEVEN : '
<br /> QHUNDRED-AND NO/100---------------------------------.Doliars (US $ :.20 700 00.-. --'-• --)
<br /> � _...-•-----�--.....--�--•----------------•-•--•--•-----•-�------•--....----�--•--------�---- �-�--
<br /> payabie as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> � if not sooner paid,on the__..:first._._._.._. day of_....October __., 19_..97.. %,
<br /> � UNiFoaM CovExaNTs. Borrower and Lender covenant and agree as follows:
<br /> # L 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 principaI of and interest on any Future Advances secured by this Mortgage.
<br /> �
<br /> ' ; 2. Funds for Taxes and Insurcmce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> - rower shail pay to Lender on the day monthly installments of principal and interest are payaUle under the
<br /> Note, until the Note is paid in fuil,a sum (herein"Funds'') equal to one-twelfth`of the yearly taxes and
<br /> s assessments'which may attain priority over this Mortgage, and'ground rents on the Property, if any plus
<br /> � one-twelfth'of yearly premium installments for hazard insurance, plua one-twelfth of yearly premium in-
<br /> sCallments for mortgage insurance, if any, all as reasonably estimated initially and from tirne to time by
<br /> � Lender on the basis of assessrnents and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> �: to pay said taxes,assessments,insurance premiums and gmund rents. Lender shall make no charge for so
<br /> holding and appZying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> gi�e to the Borrou•er,without charge, an at3nua2 acwunting of the Funds showing credits and debils Co the
<br /> ''_, Funds and the purpose for which each debit to the Funcls was made. The Funds are pledged as additional `
<br /> , ;' security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the r
<br /> +
<br /> Lender'and commingled with othar funds and the Lender's own funds and the Lender may pay guch items
<br /> ' ` from its own funds and the Lender shall not be liable for interest or dividends on such Funds. '�' " ° �"w,
<br /> ,... � �
<br /> If the amount of the Funds heid �y I.ender,together with the fiYture monthly instailments of Funds �� � , '
<br /> �� payabie prior to the due datea of tas�s,assessments,-insurance premiume and ground rents, shall exceed ',�,,�-�a;„ �.
<br /> . the amount required to pay said#axes,assessments,insurance premiums;and ground rents as they#all due, 7�;�>
<br /> such eacess shal� be, at"Bor�owez's option, either promptly repaid to Bormwer or credited to Borrower on ' �
<br /> � monthly installments of Funds. If,the'amount of the Funds held by T.ender shall not be sufficient to pay 4 „�
<br /> 'taaea,'assessments, insurance premiums and gronnd rents ae they fall due,"Borrower shall pay ta Lender
<br /> ' any atnoant necessary:to make:ug the`deficieacy withia t2sirty days after notice from Lendea to Borrovc-er ' '
<br /> requestin� payment thereof, or Rnrrower Rhall; hy an increaQe in mon#,h]y instslimente of Funde required,
<br /> � repay tiie de&ciency within the�'und accounting period: '
<br /> Upon payment in full of all sums secured by this Mortgage;Lender shall apply Funds held as a credit
<br /> a�ainst all sums dne. �
<br /> �. :,
<br /> ,_ � �
<br />-_�'
<br />
|