|
r _ � �.
<br /> �� � .
<br /> , INDIVIDUAL
<br /> DUE ON SALE
<br /> OPTIONAL FUTURE ADVANCES
<br /> � �� SAVINGS FUND
<br /> [ . �� . FORM N0.720
<br /> [ Loan Number__35138___-_188__-_1___ � ;
<br /> � � Typ< B��nc�
<br /> . �1 .. . .. . �
<br /> � 7_8-t)(?�1��8 M O R T G A G E
<br /> i
<br /> ..'.i, � . .. . .
<br /> ' THI3 MORTGAGE,made and executed this.....__...-1�.............. day of ......_�..��-. A.D., i
<br /> _, 19 7�.._,between the Mortgagor,.__M�tthew..E.. Shonsey and Kathleen L. 3honsey,_�usband and
<br /> + ._wife,t_._jointly_.and._each in their own ri�ht
<br /> _ ... ------....-•••----••-------- ---- -- -•• -- ._......_....----�---�-----------
<br /> .................-•--...••-•-
<br /> - of .Grand_.Zsland......---., County of --•---•-Ha11.. ..............State of_.Nebraska hereinafter refened F '.
<br /> .... ----�---�-----� ,_
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 2235 "N"Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referced to
<br /> as Lender.
<br /> , ;
<br /> b WITNES3ETH: Ttlfft ttl@ said Borrower for and in wnsideration of the sum of...FORTY,_TWO THOUSAND t:� ��
<br /> ...-----•
<br /> s EOUR..HLTNAREA...ANA__NO/100----.--_----------------------�ol:ars (US $--42,400 00_...--•--.._......) � ;
<br /> paid by said Lender, does hereby mortgage,grant and convey to Lender, its successors and assigns; the "
<br /> y following described pmperty located in the County of _...___.Hall _.__.._._____� State of Nebraska: � '
<br /> {
<br /> ; Lot Sixteen (16), FYeedomi Acres Subdivi.sion in the East Half oY the Southwest
<br /> Qvarter oF the Southeast Quarter (E-12SW-146E�) of Section ?�, Township 11 North,
<br /> ; Raage l0 West of the 6th P.M., in Ha11 Co�ty, Nebraska.
<br /> �
<br /> ' � TOCETHEE Witll all the improvements now or hereafter erected on the property, and all easements, ;, . tx
<br /> , rights, appurtenances, rents, royalties, mineral, oil and gas rights and pmfits, water, water rights, and
<br /> i : water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> '.,;; ments and additions thexeto,shall be deemed to be and remain a part of the pmperty 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 referted to as the "Property". '
<br /> - � Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right `�
<br /> x to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> xwarrant 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 certiSed
<br /> ! by bonded abstracter.
<br /> � Paovcnsn ALWAY9� and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> � The Bortower agrees to pay to the Lender, or order,the principal sum of ._F4gz^I...xFl9...'�HS?US.ANA...... ";
<br /> ; .EQUR..HIII3A[iFtR..l1,�t??..No�100,----------------------------.-'Dollars (US $..42_,400.00-------------------� ,
<br /> � payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> # if not sooner paid,on the....1st,.--•----•---•---- day of_......----E�bx.uary----------------•,�me-2QQ7 ,
<br /> t
<br /> "� � UNIFORM CovExwxzs.Borrower and Lender covenant and agree as follows: : �
<br /> ,� 1. Payment of Priacipal�d 7atezest. 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 /> s and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> � � 2. Fnads for Tmces and Iasurance. 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 /> 'i Note,until the Note is paid in full,a aum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> s assessments wIvch 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 /> i stallments for mortgage insurance, if any, all as reasonably estimated initially and from tirne to time by
<br /> , a Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> � to pay said tases,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> + holding and applying the Funds or verifying and rnmpiling said assessments and bills. The Lender shall
<br /> � give to the Borrower,without charge,an annual accounting of the F�nds showing credits and debits to the
<br /> i � Funds and.the purpose for wlvch 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 Funda 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 ' � Y
<br /> k . 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 beld by Lender,together with the future monthly installments of Funds , '
<br /> � payable prior.bo'the duedates of taaea,assessments, insurance premiums and ground rents, shall eaceed �;`j
<br /> tbe amount,required topa y.said tazes,aasesaments,insurance premiums and ground rents as they fall due, F�;,;;
<br /> such eacess,s&all be,at Borrower's option;either promptly repa�d to Borrower or credited to Borrower on �f�
<br /> , snonthlp.instalImente of Funds. IL the amount.of the Funds held by Lender shall not be suH'icient to pay �-
<br /> �, taues assesemeats; insurance premiums and gtound rents ss they fall due, Borrower shall pay to Lender . r ;:�
<br /> ; any aatount aecessaty to,a�ake np tIae deficiency within thirty days after notice from Lender to Borrower
<br /> " requesting payrnent thereof, or Borrower;shall, by an increase in monthly installments of Funds required,
<br /> : � repay tbe'deficsency within the Fund accounting,period.
<br /> Llpon payment in full of all sums secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> aR��t all aums due. �
<br />:,;..1�.-....-.:-..
<br /> .,._.... . . . .,,, :..,_ . �
<br />
|