|
�
<br />�����,
<br />� � '
<br /> � �
<br /> �" _ .
<br /> ,
<br /> 1NDIVIDUAL �
<br /> DUE ON SALE
<br /> F� � pPTtONAL FUTURE ApYANGES
<br /> SAVINGS FUND
<br /> tt��.' �■�G�� FORM N0:720 � . '� v. ���
<br /> i ° `'���a Loan Number____34733i �$8 e e��n
<br /> � --- -------- i . ..
<br /> � :. . i r ' ,1 ,. " : `. .":'�
<br /> ��-, ���JS$�� 11�'i O R T G A G E
<br /> ;
<br /> <' THIS MORTGAGE, made and executed this :::.. -----•�.,�. .-•---- day of :.1...�.L%��- ----�--._A.D., _ ; ' `
<br /> 19.__;7,7...,between the Mortgagor, _..Roher.t.:P,::Meis.ter_and..�arroll:_,7.:_Meis.te�.,..husband.and.--..; �`
<br /> ,: ; »�i.���__.zazn.t,Z.S-:azxd..sar.�.:zrz_.thezs__:awiz.,�zglzk.... •-----�--------••--•---.. ..-••--- • ........ .......:. ......:.:....... ,, '
<br /> � � of_..:....�x.and...Is,��r�.d..---, County of ........ _..£ia11..:_ ._--..,$tate of._..N�.bsaska.....:.,hereinafter referred ;' `
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLIV, 1235 `fN" Street, Lincoln, Nebraska 68501, its successors and assigns,,hereinafter refeirred to
<br /> as I.ender.
<br /> >WtTxEssszx: That the said Borrower for and in consideratian of the sum of :._�SH?'.Y:.sE.i7F.P1..213QUSAND
<br /> _ � 2klQ:tI.U.N.�Rk:P_:.�11.�?:.?K.Q/.1.Q9----cr..-----.---r.cc-cr.r.rr,.-c-r_s--cDoi;ars (US'u�.:..27.<2DA.--QD ..;.._..`-----)
<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 :I�aZ.i._......_:.......:. ...:...... State of Nebraska: °; ,;
<br /> ';.
<br /> Lot Two (2), O'Neill Third Subdivision, an Addition tothe City::of Grand Island,
<br /> Hall County, Nebraska. ;; !
<br /> �;
<br /> ,.
<br /> 9. t ` ;_
<br /> TocETxEx with all the improvements now or hereaFter erected on the property, and aii easements,
<br /> rights, appurtenances, rents, royaities, 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 /> 1 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 /> k Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Bormwer covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> y 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 ali claims and demands, subject to any
<br /> easements and restrictians 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 abstracten
<br /> PsovinEu ALWAYS� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> Y' The Borrower agrees to pay to the Lender or order, the principal sum of �NTY SEVEN THo�,��p
<br /> t 2W0,_HUNDRED.AND Np 1A0 ._,.._----,-----,---- ------------- 27 _200 00.---.... .._
<br /> -�---� --- ----..._ .. .._........�ollars (US$--- ' -----�
<br /> ' payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> } if not sooner paid,on t.he--.:......1s:�-----....day of--..._Qdob.es......................:..x�9.2QQ6
<br /> Uxi�xnz CovExnxTs. Borrower and Lender�ovenant and agree as folluws:
<br /> 1. Payment of Principal and Interest. Bormwer shall prornptly pay when due the prSncipal 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 PvIortgage. ;
<br /> 2: Funds ioz Taxes and Insur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> mwer sha11 pay to Lender on the dag monthly instaliments of principal and interest are payable under the
<br /> Note,unGit the IVote is paid in full,a sum (herein"Funds") equaT to one-twelfCh of the yearly taxes and
<br /> - assessments which may attain priority over this Mortgage, and ground rents on the Froperty, if any plus
<br /> ` one-tweifth of vearly premium instaliments for hazard insurance, plus onQ-twelfth of,yearly premium in-
<br /> ;` sta2lments for mortgage insurance, ii any,all r�s reasunably estimated initially and from time tc� tinie }�.y -
<br /> Ler��3er on the basis oi assessments and bills and reasonable estimates thereof,Lender shall appiy the Funds
<br /> to pay said t�es,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> ; holding r.nd applying the Funds or verifying and compiling<said nssessments and bills. The Lender shatl
<br /> � give to the Soxrower,;without charge,.an annual accounting of the Funds showing credits and debits to the �
<br /> F'unds and the purpose for which each debit tio the Funds 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 `
<br /> n Lender and commingled with-other funds and the Lender's own funds and the Lender may pay such items ' ",,�,�w s/ �'
<br /> "' � from'its own funds and the Lender shall not be liable for interest or divi�3ends on such Funds. ' ` `
<br /> If,the amount of the Funds held by Lendex,together with the fiiture monthly installments of Funds �# " � �
<br /> � payable prior.;ta the due dates ot tazes, assessments, insurance premiums and gronnd rents, shail exceed ��
<br /> =. the amount required to pay said taxes,aesessinents,insurance prexniums and ground rents as they fall due, ' �.;�
<br /> '�` sac�'ea�ess s4�.a:1 6e,at Bosro�er's o tion;either p y p M
<br /> t; p prom tl re uid to Borr�wer or credit,e�i Lc>Borrower on ,. � ,
<br /> mont.hly insta;lrnents vf Feinds, If the smoua't of the Fu�ds hcld by Len-Ltcr shall not bc sufficicr.t to pa5�
<br /> tax+es; assessments, insuranoe premiums and ground rents as they fali due,Borrower shall pay to Lender �,sm,` -�
<br /> any amou�t nec,essary ta make up the deficiency within thirty days after notice from Lender to Borrower
<br /> ;; reqvesting gayment thezeof, or Bormwer sha21, by an increase in rnonthly installments of Funds required,
<br /> re�ay;CLe civGLienuy within-ihe E'und saccounting period_
<br /> Upon payment im full of'all sums secured by this Mortgage,Lender shail apply Funds held as a credit �
<br /> �` against all sums due.
<br />�
<br /> �
<br />
|