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� �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> FlR� OPTIONAL FUTURE ADVANCES
<br /> �� SAVINGS FUND
<br />� FORM N0.72O . .
<br /> V��N Loan Number_,�5328 —_188_ — 1
<br /> ------- --------
<br /> � � ryoe Brencn - :. . '
<br /> 78�`0005�0 M O R T G A G E
<br />' THI$ MOR.TGAGE, made and executed this ......................:-�.�?day of ...�l�. >..L.�'L l�:ti�j.... A.D., `
<br /> 19Tt�---,between tlie Mortgagor, ..._Celso Hernandez._and,.Eleanor.J.._He�nandez,...hustf�and_and_..._.
<br /> - ---�--��---... . .
<br /> wi£e�.__jointly_and__each_in__their__own..right__ ._,..
<br /> •--- - •-�--�---�--•---��.... ............... ... _....__
<br />' Grand Island Hall_..___, Nebraska
<br /> of----- ------ ------------------ County of _._...... ...._....State of ...... ......... ........,hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br />� WITNES3ETH: Tllat tI1E said Borrower for and in consideration of the sum of .THIRTY.EIGHT..THOUSAND :� � � . � � - .
<br /> TWO.HUNDRED_,FIFTY_AND__NO/100------------.------.-----.--Dol:ars (US$_38.,250.00.. .-------•-•--)
<br /> paid by said Lender, does hereby mortgage,grant and convey to Lender, its successors and assigns; the
<br /> foliowing described property located in the County of_...._..Hall _..., State of Nebraska:
<br /> Lot Sixteen (�6) in Amended Block Six (6) Continental Gardens, an Addition ,
<br /> to the City of Grand Island, Hall County, Nebraslza
<br /> � TOCETHER R'lt�l&II tF1E improvements now or hereafter erected on the property, and all easements, �
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and pmfits, 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 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 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 /> suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> PROVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree- . �� � -
<br /> ments and obligations of the Borrower, to-witc
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum of...T._HIRTY EIGHT THOUSAND '
<br /> -- - -�-------------------
<br /> TWO HUNDRED FIFTY AND NO/100------------------------ 38,250.00
<br /> •---------------------------•-----••---------------•------......---•---------------._...-�--�---�•------�--�ollars (US $--......-------------------•-------....)
<br /> payable as pmvided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> if not sooner paid, on the ..._.First...,,_.__., day of...February . ....]�§_2007
<br /> UNIFORM COVENANTS. BOTl'OWBT 811f1 IRIICIBI'COV0II9IIb and agree as follows . .. .
<br /> 1. Payment of Principal�d Interest. 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 /> 2. Funds for Taxes�d Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> mwer shall pay to Lender on the day monthly inatallments of principal and interest are payable under the -
<br /> Note,until the Note is paid in full, a sum (herein "Funds") equal to one-t�velfth 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 /> stallments for mortgage insurance, if any, all as reasonably estimated initially and from tune to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said taaes,assessments,insurance premiums and ground rents_ Lender shall make 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 Funds 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 Mortgage. The Borrower agrees that the Funds may be held by the �._ �,
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items = -
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds. �`,
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds
<br /> payable prior to the due dates of taaes,assessments, insurance premiums and ground rents, shall exceed
<br /> the amount required to pay said tases,asaessments,insurance premiums and ground rents as they fall due, f �
<br /> auch excess ahall be,at Borrower's option, either promptly repaid to Borrower or credited to Borrower on � �
<br /> monthly inatallments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay , ' ,.,f,� `
<br /> taxes,assessments, insurance preminms and ground rents as they falI due, Borrower shall pay to Lender A..
<br /> �'
<br /> any amouat necessary to make up the de&ciency within thirty days after notice from Lender to Borrower
<br /> requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay'the deficiency within the Fund accounting period.
<br /> Upon payment in full of all sums Aecured by this Mortgnge,Lender shall apply Funda held a�a credit
<br /> against all sums due. �
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