|
-.i. ,�.�.,` :Y� y.�.�..:, r , u.. �'.. ���a:n. . "irr. .
<br /> �^ � , . N:;^ 1 .���.�. .:; �
<br /> 'e�, .. .�, ., x ., r�,� "_ ... ...,, u .. n�;.y ,4,✓;
<br /> :Y a _
<br /> `�Y
<br /> �.:'.
<br />'� ,
<br />� d
<br /> � � .. . .. .. . . . � � .......... , . �
<br /> INDIVIDUAL ,
<br /> DUE ON SALE
<br /> �RST� OPTIONAL FUTURE ADYANCES
<br /> �D■ERM/�L� SAVINGS FUND
<br /> (' . . � �i�CVt.N FORM No.720 . � .
<br /> Loan Number__�4797___^__1$8 =��_:1__
<br /> .ij.. .. . .. .. . . - . . . . . . . . � . �. .� � . � Tr°c � e.e�cn� . .
<br /> f
<br /> ._:i. � . . . . . . .. . . . .. . .. ..
<br /> 77- 005670 ' M O' R T G A G E
<br /> � ,
<br /> , � THIS MOR3'GAGE, made and executed this :..__�C�....,_ .. .. day of ..;��-t:G-r�'�-.:.. . A.D.,
<br /> i 19._7.?.,between the Mortgagor,_.A_�.zuty...I�....�ad�..and..Famela.S�..Cade,.:husband..and..wife?.....,.__..
<br /> �; '�ointly_,an�i_:�ach..it?..�h�?:�::�_.�iSktt..........:...........�--..._..----�---........----- �----------... ..,�---------
<br /> ..,.
<br /> ; of .c..Grand :Island:._,__.� County of ,.kl�ll_.. ..:.......... .....State of:....Nebsaska......,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIAT'ION OF
<br /> ' LINGOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> ; WxTx ss�Tx That the said Borrower for and m consideration of the sum o£ SIXTE N 1YiO�J$t�Jp.._
<br /> -------
<br /> E-----
<br /> ; AND N0�1015 ------ .----Dol:ars (US$ 16.,�000 00. _ ...) si
<br /> , . . .. .---. ........ . ........ .. ..................... . ..�----.. .........--- -----
<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 .--....--�-•-�-------�> ��� of Nebraska: �
<br /> � The Northerly Eighty-One and Five Tenths (815) feet of Lot One (1), in B1ock
<br /> One Hundred Thirty-six (136), in Union Pacific Railway Company's 8econd
<br /> ;' Addition to the City of Grand Island, Nebraska.
<br /> �
<br /> �
<br /> 'I`or.E'r[�FR with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties, minerai, oii 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,ahali be deemed to be and remain a part of the property covered Uy 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".
<br /> Borrower covenants that $orrower is lawfully seised of the estate hereby conveyed and has the right -
<br /> to mortgage, grant and convey the Property, that the Property is nnencumbered, and that Borrower will
<br /> warrant'and defend generaily the title to the Property against all ciaims and demands, subject to any
<br /> easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certifiecl
<br /> f, by bonded abstracter.
<br /> PRovtn�u ALWAYS, and these presents are executed and delivered upon the tollowing conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum of SIXTEEN �OtJSQ�I�p �1NJ�_.
<br /> ' NO 100----------------------- --------------- 16 000 00
<br /> .-----�--�----�---..----...----�----�---...---� --------- -------- - -�--- .......... ----� --...._..._ .Dollars (US$.... _:_ _....._. --- --�---�
<br /> payab]e as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the---_._._a,�:�----_-..__ day of....Oc.�ober...... . ............... 19..97..
<br /> UzvcsosM CovEivANTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Ynterest. Borrower shall pTomptly pay when due the'principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provi�led in the Note,
<br /> and the przncipal of and interest pn any Future Advances secured by this I�4ortgage.
<br /> 2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall pay to Lender on the aay monthly installments of 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 /> assessmeirts which may attain priority over this MorCgage, and ground rents an the Property, if any plus
<br /> nne-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance,if any, all as reasonably estimated initialiy� and from time to time Uv
<br /> Lender on the basis of assessments and bills and reasonable estiniates thereof,I.ender shail apply the Funds
<br /> tc+ pfty said taxec,Rac�c�ments,insurance premiums ancl ground rents. I,ender shall make no eharge for so
<br /> holding and appiying the Fnnds or verifying and compiling said assessments and bills. The Lender shall
<br /> give to the Borrower, without charge, an annuai accounting of the Funds showing credits and debits to the
<br /> : Funds and the purpose#or which each debit to the Funds was made_ The Funds are pledged as adclitional x
<br /> security£or tbe svms secured by this Mortgage.:The Borrower agrees that the Funds may be held hy the
<br /> I,ender anci'crommingied with other funds and the Lender's own funds and the Lender inay pay such items � ' �.*.y
<br /> e "
<br /> � ..-..�.:. :i Y �
<br /> from it9 own funds and the Lender shall not be liable for interest oT dividends bn such Fimds. - r�'' �
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds � '�� -'
<br /> a�t�;
<br /> �' payable prior,to the due dates of ta.xes,assessments„insurance premiums and ground rents, shall exceed ��
<br /> the amaunt required,to pay said tages;assessments,insuranCe premiums and'ground rents as they fall due, . �,�
<br /> such exeess shall be, at Borrower's option;either pmmptly repaid to Borrower or credited to Borrower on >� '
<br /> • " ':;�. :,
<br /> monthty instalIments of'Funds. If'the amount of the Funds held by Lender shall not be sufficient to pay _- ,._-
<br />�; ta�ces; assessments;ihsurance premivms ar�d ground rents as they fall due, Borrower shall pay to Lender
<br />�,- any;amount nece�sary to make up the deficiency within thirty days after notice from Lender to Borr�wer ��
<br /> requesting payment thereof, or Borrower shaii, by an increase in monthly installments of Funds required,
<br /> repay the deficieacy within the Fund,accounting period.
<br /> Upon payment in full of aU sums secured by this Morigage,Lender shall apply Funds held aa a creaiL
<br /> against all sums due. �
<br /> �
<br /> (
<br />._�
<br />
|