|
y 4
<br />� a�e.a�� �� �
<br />� . 76- (�0 2 4 3� �iui�itactr
<br /> 7HI5 MORTGAGE Is made thls 3� day ul April 19 7� 6elwecn lhe Morlgagor,
<br /> 1�VID J. B�UKEIVI-I01�5T a�dTANI�E'K—S�UKT'NHC3R6H'ise address�s
<br /> � f� ....7 T�7�.,A Nr�hr�eka �1 (herein
<br /> "Borrawer"), and,the Morlgagee, PLYMOUTH MORT AGE SERVICE CO., a Delaware corporallon, with offices at�5�2�
<br /> Nnrthn^rk Dr Golorado rings,_Colorado 80907__enerei�"Lender"�.
<br /> ` WNereas, Borrower and Lender have eXeculed a CanstrucUan Luan Agreemant of oven dale (hereln"Agreemenl"1 undar
<br /> ` which Lender has made to Borrower a loan in the princlpa� amount ot TW�,N'TY THOUSANl)'.tW�13U�IDR.�D .
<br /> ! AND NO/I.00-----�---^—"��_���..�.._ Dollars (5 Z� • "�oan Amounl"1 for lhe express I
<br /> purposn of performing certaln wark on lhe morlgaged premises descrlbed below; and
<br /> Whoreas, In wnnecllon wilh the Agreemant and pureunnl to its terms,�durrower bas ezecuted a Nole (hnrein"Nole") : .
<br /> of eVen dnle�In thc Loan Amount payable lo lho LenJer whereby lhe Borrower ohligalad itself lo pay lo lhe Lendar lhe � .
<br /> amounls so advenced, plus Interest as therein stated as follows: On the(irst day of _�nrc+ml7Pr _ I97�jand . � �
<br /> on Ihe Ilrsl day of each �ucredingmonth thereafler until Tima 7� 1Q77 Inlerest on the daHy balances . �
<br /> of the Luan AmoUnt oulslanding (amounls disbursed) during the prlor monlh; ana lhereaRer on Ttmr� �_ �A77 � � ,
<br /> a 11na1 payment In an amounl equal to the sum of the fullowing: outstandin�--g ba�ance ol lhe � .
<br /> Loan Amaunt, Interest on lhe daily balances of the Loan Amounl aulstanding during thc prior monlh and an the dally � - �
<br /> halances of the Loan Amount outstending during the period commencing Irom the date af flrst disbursemenl lo � � .
<br /> 1VovPmber1, 1976 .
<br /> To secure to Lender (a) lhe repayment of tha indebtedness evidenceJ by the Note wilh interest lhereon as set forlh . , - �
<br /> �.! In the Note,any.extenslons and/or renewals or modiflcations of such Nate, the payment o(all other sums wlth interest . � �
<br /> thereon advanced in accordanca herewilh tu proled lha securily ol this Marlgaga and the perlormance of the[ovenanls � � �
<br /> and agreements of lhe Borrower herein wntained and contained in the Agreement, and (h) the repayment of any future �
<br /> advnnms, w{lh inlerest lhereon, made to Dorrowcr 6y Lender pursuant to paragraph Z 1 hereof, herein"Future Advances", � . .
<br /> : � Barrower does hereby mortgage, grant, and convey�u Lender, lhu followiny described properly lowled In lho Counry � �
<br /> of Hg],] and Sute of Nohra eka �
<br /> Lot Six(6) Marylane Subdivision, Hall County, Nebraska
<br /> ,
<br /> � t
<br /> l
<br /> � '
<br /> �: i
<br /> Togelher with all the Improvemenls now or hereafte�erecled on Ihe proprrty and a0 easemenls, righls, appurtenances, rents, . � �
<br /> � royalties, mineral, oil and g3s right:_nd prolits, r.ater, wnter riyht: and•roater siuck, and all (ixWres now or herealter allathed -
<br /> lo lhe mortgaged premises, all o(which, indud ng replacemenls and addWons Ihereto, shall be deemed to be and remain a part of �
<br /> lhe property covered by lhis Mortgage, and'all of lhe (oregoing, logelher wilh said property arc hercln refcrred lo as the"Property." . ��
<br /> Borrower mvenants lhal 8orrower is luwlully seised of Ihe eslate hereby conveyed and has lhe right to mortgage, granl and � �
<br /> convey!he Properly, lha!the Properly is unenwmbered, and lhal Borrower will warrant and dufend generally tbe lille lo the _ �
<br /> 1. � Property against all claims and demands, sWjecl lo any easemenls and restriclions approved by Lender in writlng. . ' . �
<br /> � UNIFORM COVENANTS,Borrower and Lender covenanl and agree as tollows: ��
<br /> - 1. Paymmt of Principal and interest. �orrower shali promptly pay when due the principal of and inleresl on lhe indebted- .
<br /> � ness evidmced by lhe Note and late charges as provided in lhe Nole. �
<br /> � � 2. Funds for Taxes and insurance. Subject to Lender's oplion under Paragraphs 4 and 5 hereol,Burrowe�shail pay lo
<br /> Lender on lhe day rtwnthly installmenls bf principai and inleresl are payable under�he Nute,untll lhe Nole is pald in lu�l,a fum ' .
<br /> 3. (hereln"Funds")equal ta one-lwelflh of lhe yearly laxes and assessmenls which may altaln priarity ovcr this Mor�gage,plus �
<br /> onrlwe�(th of the yearly premium insWliments for hazard Insurancc,all as reasonably eslimated inilially and lrom time lo qme � .
<br /> � by Lender on the basis uf assessmenls and blUs and reasonable eslimales thereoL Lender shaU hold lhe Funds In an acrvunl which � �
<br /> � is Insured by a Pederal or Slale agency and shall apply Ihe funds Irom said ar.counl to pay said laxes,assessments,and ' . �
<br /> . Insurence premiums. Lender shall make no charge fnr sv holdinr and applying lhe Funds,analyxin9 said accounl or verifying � �
<br /> and comoilinn zaid assessmenls and bil:s. 0orrower and Lender may aqree in wriUng nl�be time of eKecution o(lhis Mortgaye _
<br /> thal Interest an ihe Funds shall be pafd la Borrower,and unl�ys such agreement Is made,Lender shall nat be requlred to pay ' � �
<br /> Borrower any interest on the Funds. Lender sball give lo Barrower, wilhaul charge,an annual accounling of lhe Funds showing � .
<br /> credils and debits to the Funds,fnleresL i(any,paid lo Borrower on!he Fu�ds and the purpose lor wh�ch each debil lo lha Funds � � �
<br /> was rtede. The Funds are pledged a,cddiLlenn!eecurity ter Ihe sume secured by 1h�c Mortgage. � .
<br /> � If lhe artrount of Funds held by Lender,together wllh the fuWre monthly Inslallmenls of lunds payable prlar lo lhe due dales of �
<br /> � taxes,assessments,and Insurance premiums shall exceed the amount required lo pay said laxes,asseszmenls and Insurance . ...
<br /> premiums as lhey(all due,such excess shall be,at Borrower's optiun,eilher promptly repaid la Oorrower or credited lu � � �
<br /> � Barrower on manthly installmmis of funds. If the artaunl o(the Punds held by Lender shall nal be zufficien�lo pay lexes. - �
<br /> assessmenls,and insurance premiums as they(ail due.Borrower shall pay lo Lendcr any amwnl necessary to make up the
<br /> dellclency wilhi�30 days alter nolice from Lender la Borrower requesling paymenl thereof.
<br /> - Upon payment in iuli oi ait auma aecureu uy liJs��o�tgay�,Lrndxr;hat!promptly refund to Borrower any Funds hnld by
<br /> Lender.
<br /> ....�
<br /> � CM-GEN-II-75 �N����::
<br /> � � a
<br /> �
<br /> �
<br /> w
<br />�
<br /> uti .
<br /> qqx, ..
<br />��
<br />'�� ORIGINAL RETURN TO PLYMOUTH; BORRQYIER RETAIN COPY
<br />�`� �. � �
<br />� �
<br /> .4
<br /> �
<br /> r
<br /> �
<br /> �
<br /> ;
<br />
|