|
� �
<br /> IN�IVIDUAL - �
<br /> DUE ON SALE
<br /> 'F� OPTIONAL FUTURE ADVANCES
<br /> � SAVINGS FUNO
<br /> . � FORM No.720 '-'-- ---
<br /> �W Loan Number____35225 � 188 -_ i_
<br /> rrve Bra�cn
<br /> 78- ()OU01G MO RTG AG E
<br /> THIS MORTGAGE, made and executed this _ _ �U..__ _ day of . �G�-�-�'��-._ ._.. . A.D.,
<br /> 19..7.7..,between the Mortgagor, _Edvin-.J.. Cook� a single gerson _ __ __ _ - ___.
<br /> -__.... ..._._...._ _...__ _ __...__ -..__. _ _ ..._____. . __ _ _ _ _____..._ . _ . . __ _ __ ___._.._....
<br /> ot _ GZand-.I.sland.___ _, County of __ _ Hall._ _ _,State of ldebr.aska _ ,hereinafter referred
<br /> to as the Borrower, and the Mortgagce, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its succesxors and ac�igns, hereinaft.er referred to
<br /> as Lender.
<br /> WITNES6ETH: T}18L the said Borrower for and in consideration of t�he sum of . TWENTY EIGHT THOUSAND
<br /> __. __ _ _. .__...
<br /> SIX HUNDRED AND NO/100------------------------------Dol;arro (US �. 28,600.00. _ _.. _._ )
<br /> _..._..._._._. .. ___ _.. _ ___ _ _ _____ _ __ _
<br /> paid by esaid Lender, does hereb_y mortgage, grant and convey to Lender, its succesz;ors and ar,signe; the
<br /> following deecribed prc�perty located in the County of . .__ Hall , St.ate of Nebraeka: A tract of
<br /> land in the West Helf of Lot 3 Wilson's Subdivision, Hall County, Nebraska, described as follows:
<br /> Commencing at the Southwest corner of Lot 3, thence running Norttaerly alor� the westerly line of
<br /> said Lot 3, a distence of 391 fcet thence running easterly 330 feet, thencc running sout2ierly a
<br /> distance of 391 £eet to the southerly line of Lot 3 and thence westerly 330 feet along the southerly
<br /> line of Lot 3 to the point oP beginning.
<br /> TOCETHER with 911 Lhe improvemente now or hereafter erected on the pmperty, and all ea:u:ment.s,
<br /> righte, appurtenancex, rents, royaltiea, minersl, oil and Ras rights and pmfits, water, water rights, and
<br /> water etock, and all fixtures now or hereafter attached to the propert,y, a❑ of which, includinq replace-
<br /> ments and additione thereto,shall be deemed tu be and remain a part of the propeNy covered by thia
<br /> Mortgage; and all of the foregoing, together with said property (or thr leasehold e�tate in the event thie
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Borrnwer covenants that Borrower is lawfully iseised af the estate f-iereby conveyed and hah the right
<br /> to mortgage, grant and convey the Property, that the Proprrty is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the Pmperty against all claims and demands, subject to any
<br /> easemettts and tertrictions listed in a �+chedule of ezceptions to coveragr in anY tit►e inaurancr policy in-
<br /> suring Lender's interest in the Property,or 12) attornev's opinion of title fmm ab�tract of title rertified
<br /> by bonded abstracter.
<br /> PsoviuEu ALWAYS� and the�e presenta are executed and delivered uEwn the following conditions,agree-
<br /> menta and obligations of the Borruwer, to-wit:
<br /> The Borrower agrees to pa,y to the Lender,or urder, the princ•ipal sum of TWEl1TY EIGHT Tk�fiSAH➢ '
<br /> SLX H.iII1DBEII-ANII NQ/.IAQ------r-----.--------r----------�)ollarc (1?S $28�bD.Q.00_ _ )
<br /> payable as provided in a note executed and delivered, i•oncurrenUy hrrrwith,the final pavment uf principal,
<br /> if not Rooner paid, on the lst day of _ January . 19 98 •
<br /> UNIF'OiM �OVENAN7'S. RoROWr�and Lend�r c•ovenant and agr� ah fo11ow5� �
<br /> 1. PaynHnt of Priacipel aad Int�rert. Burniwer shall prompth- pay whrn due the Nrinc�ipal uf and in-
<br /> tereEst on the indebtedness evidenced by the tiote,prrpayment and late charge� ati providrd in the Note.
<br /> and thr, principal of and interc�;t on any Future Advancr� �:rcured h�� thir�7ort�age.
<br /> 2. Fuads for lanes aad Inauranc�. Sub,ject to Lrnder'�uption undrr para�raph� 4 and :�hereof, Bor-
<br /> rower shnll pay to Lender on th�da�� monthly inFLalLnent�;of princiE.�al and intere5t are payahle under�hc
<br /> Note, until the Note iK paid in fvl1,a sum (herein "Funde") eyual tu one-tH�i-ifth of the �early taxc�� �nd
<br /> asecssments which may attain priority over thih!Nort gagr, and gmund r�ent. an the Property, if any plus
<br /> one-twelfth i�f yearly premiwn installmente fur hazard in�urance. plu. une-twelfth of yeariy prrmium in-
<br /> etrllments far mortgage inxurance, if any, all ac rea�unably eatimate�d initialh� and frum timc to time by
<br /> l,endrr on the�hAcic of atiscs�menLs and bills and nasunabl����ticiiat�•., tli�r�,�f, ].e ti.lrr.-.hall a�{�I} thc• F'uncl.�
<br /> to pav eaid tazea, ae�wRmentF, inRurance premiums and gmund rents. L,endE�r vhall niakr n�� c�har�e for �o
<br /> hold'sng and apQlying the Funds or verifying and compiling �aid anretisrnents and billh. The Lrnd�•r.hall
<br /> Rive to the Borro�er,without cherqe, an annual accounting of thP Fundc show�ing crc�ditc anri dFhit�to the
<br /> Ftnntla and tl�e purpoae for which each debit.to the Funda wa� madp. The Funds are pled�ed aF addit.ional
<br /> eecurity foe the suane eecue�ed by thie Mortgage. The Borrower aq�ea that the Funds mav F�•held by t.he
<br /> LendPr and commineled with other fuada and the Lender's own fundr and the Lender may pay �uch items „��
<br /> fe�oei itr ow�a funds and the Lender shall not be liable for intere�;t or dividend�: on tiu.h Fund�. � �
<br /> � lf the tmount of the Fun�l�eid by L�eadar,together with the future monthly installments of Funds j �.
<br /> P�S's�P����e due dates ot tas�es, aseeeamente, ineurance premiums and ground rentc, chall exceed �
<br /> ��t�iw�"ed�P�Y� �eas�te,insurai�ce pre�niums and ground rents�c the��fall due. °'�°�
<br /> sucl� ezeer �li be.at Bo�nr>arr's nptic�n, Pitiw 1m►enrtly id <n R�ra+wP.M�rn�iitwi tn Rnr1'/�K'Pr�n
<br /> n+ontlfly iaetalimenta of Funds. If t.he amouni of the Fund�eld tw LendYr�;hall n��t l�r�u(ii�•irnt tu ��H�
<br /> tues. aese�m�ata, u�rurance pre�n�ums and eeaufd n�nts ss they fall due, Borrower tihail pay tn Lender
<br /> aey amanet �� to make up t6e deRcie�+cy w�ithin thiaty days after notioe from Lender to Bormwer �
<br /> �'a4��[ Ymeee tdfei+eot, or Botsower shali,by an incre�e in Qwnthly in�tallmrnts ot Funds reyuired,
<br /> w
<br /> er�y rh� _ .ritfiir tfie P�nd accounting period.
<br /> C1poa paya�ent in fu11 of all eutns eecured by thiR MortRegP,I.E nder�hall ap�ly Fund�v hrld a�a �•rrdit
<br /> agaimot alt Rum�,due. �
<br />
|