|
� , -, .�,,, . �.
<br /> :,,.��,� . .,.
<br /> 4
<br /> a ..n
<br /> .ul� ,., d .. "' Y:. .a� K'...� _�'.::
<br /> -�= a?.�r�.�.w �' .rx�,� '.�.�'
<br /> w �„ .t�.a..
<br />�`.�'�i��.'w�s:�assssa ' ' s'
<br /> 7
<br /> a
<br />, ,f
<br /> r �
<br /> he �
<br />�'�7
<br /> 'p. , . ._. . .
<br />=rt:.�� i . � � � - . .
<br />�
<br /> CURPORATlON
<br /> ��T DUE OPI SALE
<br /> l��� OPTIONAL FUTURE ADVANCES
<br /> �� FORM No.721
<br /> V�� _ _
<br /> r Loan Number---34819------18 1
<br /> ------�
<br /> . . . . .. . � T/P� BranC.. �
<br /> 77-C�f����1 M O R T G A G E
<br /> THIS MORTGAGE, made and executed this .....::. __f.....:....... day of ..!,,t.c'i_U.f�r.v....... ..._.._ A.D.,
<br /> 19.?7::.., between the Mortgagor, ._.Tnz¢n_aud.:Go.un.try..Sealtg..�af:.Grand--Sslan.d.,.-In,c..--- ------------- '
<br /> -�----:....... ... ....:.:.. .-•- --•• ---�•--� ..,a corporation, .
<br /> •--•--.. ....................�-- . .....-�------...---.._ ..._ ;
<br /> �' organized and existing under and by virtue of the laws of the State of _.Dtebraska..:. .....:... :.... herein- ��
<br /> after`referred to as'the Borrower, and the Mortgagee, FIRST FEDERA'L SAVINGS AND IAAN
<br /> AGCn�ZqT1�QN OF T.7NC�LN, 1235 "N" 3tree±, Lir.cotr., Nebr�ska 58501, its succewsors a�d �ssigns,
<br /> hereinafter referred`to as the Lender. ;
<br /> WiTxEssETx: That the said $orrower for and in consideration of the sum of ._'�HZ.RxX..SESIET]_TH�USAND ;
<br /> TWO_IiUNDRED._AND_;N0�100-------------------------------
<br /> -- - -- - � -�- ---�---�--.....---Dollars (US�...._3.Z.w2Q4...OQ.. --�------� ,
<br /> paid by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> � following described property]ocated in the County of .....:............Ha��._.,„_„..__._., State of Nebraska: �
<br /> Lot 'Pwo (2), in Amended Block Six (61, Continental Gardene, an 9dditio� to the E
<br /> City of Grand Island, Hall County, Nebraska.
<br /> i
<br /> TocErxEs with all tlie improvements now or hereafter erected on the property, and all easements, i`
<br /> rights,,appurtenances,sents, 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".
<br /> ; Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right �
<br /> to inortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower wili
<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 /> , j 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'ALwnxs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and:obligations of the Borrower, to-wit:
<br /> , �
<br /> THIRTY SEVEN._'11i0. t
<br /> � The Borrower agrees to pay to the Lender, or order, the principal sLm of ......... ..... uS�A_
<br /> TSaO__:HTJNDRED:AND,NO/100_----, --------------------
<br /> --•.......................-Dollars (US $-.:37�200.00.._ ..__.: . �
<br /> fi ----•---�•----------------�
<br /> r payable as provi@ed in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> j , if not sooner paid,on the---.._1s�-.•- ---- .:..day of--••-----O�.�R}�e�'...................... �cJ[..2QA2 ; `
<br /> i .
<br /> Ux[soeivt'-CovExnxTs. Borrower and Lender covenant and agree as follows:
<br /> ` I.'Bayment of Principal and Intezest 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 /> 3'
<br /> ;, 2.Funds for Taxes and Inaurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> � rower shall pay to Lender on the day 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 /> � 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, plus one-twelfth of yearly premium in-
<br /> , 'stallinents#or mortgage insurance, if any, all as reasonably estimated initiall3� and #ram time #o time by
<br /> � Lender on the basis of sssessuYents aad bills and reasonabie esuiinates thereof,Lender shall apply the P'unds �
<br /> to pay said tases, assessments,insurancepremiums and ground rents. Lender shail meilce no charge for so
<br /> ` holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> '; give to the Borrower,without charge,an annual accounting of the Eunds 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 Ivlortgage. The Bonower agrees that the Funds may be held by the ;:-
<br /> � i,ender and commin le,d with other funds and the Lender's own funds and the Lender ma � "" "�"
<br /> , 4 g y pay such items
<br /> from,its own funds and the Lender shall not be Hable for interest or dividends on such Funds. � �' �
<br /> ,� a
<br /> ' �? Tf:the amount o�the Funds heid by Lender,together with the future monthly installments of Funds `'°�r
<br /> � 'k payable ptior to the due dates of tases,assessments,:insurance premiums and ground rents, shall exceed ��-'
<br /> the arnount required to`,pay said taxes,assessments,insurance premiums and ground rents as they fall due,
<br /> , , �. �a ,
<br /> � such"excess shall be,at Borrower'c option,either promptiy irpaid to Borrower�r cre!iiteti ta Borrower on ` " `" �
<br /> �' ", , c+ollm ..!,..::^f L'i2.^.`�w�..i: ♦7^ .. ... . . . . - �:-�,r�
<br />� —�*'�, ---�--.--, ..<.e :.��unt of the Fuuds held by Lender shall not be sufiicient;to pav
<br /> : t.a�ces, assessmenis, insurance premiums and ground rents as they fall due,Bormwer shall pay to Lender """ '
<br /> any amount necessary to make up the'deficiency within thirty days after notice from Lender to Borrower
<br /> zequesting payment therepf;or Borrower shall, by an increase in monthly installments of Funds required,
<br /> ' repay the deficiPncy within the Fund accounting period.
<br />� � ITPoxz payrr.ent in f:lI af all sus.s sacu:�d �y this�i�rtgag�,Lendar�hall app2y Funus iseid as a creclit j
<br />; � 'against All sums due. ' _�
<br /> � _., i
<br />� � �
<br />
|