|
, _ _ . r �
<br /> ,---�,
<br /> t '', , . , '
<br /> INDIVIDUAL
<br /> �UE ON SALE
<br /> �R� OPTIONAL FUTURE ADVANCES
<br /> � � � � SAVINGS FIJND � . � � %
<br /> ' �� :Fort�t NOJ20� . .. .. . . � �. , . ,.
<br /> rLoan Number---�42$_-_T.J.�B_-B�.�h `
<br /> _ ;.'
<br /> � M O R T G A G E
<br /> 78- 0Q0'�f3##
<br /> ITHI$ MORTGAGE,made and executed this ..............�..........._.. day of_._.�-�'.".�,Z......_......... A.D.,
<br /> 19...'�-�-.between the Mortgagor,..._.Ku��..A..---G#,bscrx..ans]..ZitaX-.k:....�ibson..._husband..and..r�ife�..---- "
<br /> ' ? oiatl and each in their own ri t �
<br /> ...............•-•.i-•--•--....x.•---..._.._............•-•--••-•-•---...------••----€�--.............--••••--...._......_.........._..•-•-----............._._.......... ,
<br /> � of Grand„Island......._.., County of--------•Iiall.................... State of.�I�bxaslca_........,hereinafter referred `
<br /> to as the Bonower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF �
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its succeasors and assigns,hereinafter refeaed to `
<br /> k as Lender. �'
<br /> � WiTxsssETti: Z'hat the said Borrower for and in consideration of the sum of..k'ORTY..THOUS6PiD..._._. � -'
<br /> : ` 2A1ND..NO/.100---.-----.----.-----_--------r.---r-..-r..---r._---r.r.Dol:ars (US$-..4A.,.OQQ_OQ----------••--•_•-J
<br /> ! paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the 4 `
<br /> ' following deacribed property located in the County of ...._.......H1.7�1......... .............. State of Nebraska: c,
<br /> �� � i u���
<br /> , !`
<br /> � Lot One (1), Alexander Second (2nd) Subdivision, in the City of Grand Islffid, '
<br /> j Iiall County, Nebraska. ;'
<br /> �
<br /> i �`
<br /> s-
<br /> � y f.
<br /> � TOCETHEE.WItIl all the improvements now or�hereafter erected on the property, and all easements, `�`��
<br /> ; rights, appurtenaaces, rents, royalties, mineral, oil and gas rights and profits, 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 thereto,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 referred to as the "Property". F
<br /> � Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right "
<br /> j to mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will 4c
<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 abstracten
<br /> PEOVIDED ALWAY3�and these presents are eaecuted and delivered upon the following conditions,agree-
<br /> � ments and obligations of the Borrower, to-wit:
<br /> i
<br /> � The Borrower agrees to pay to the Lender, or order, the princi al sum of__.k'9�ix7C__�IQTISAI�..ANI�.__..
<br /> � •----NO(100----_-----.---------.-----.----_---------_-----.-.--.Dollars (US$_40,0OO.�Q••...................)
<br /> � payable as provided in a note executed and delivered concurrently herewith,the final payment of principal, `
<br /> if not sooner paid, on the-------�.&'k.............. day of.._......F'e'hrllax.y--.----.---..-•--, l�x-2DA7 ;
<br /> � UrnFoaM CovExwx�rs. Borrower and Lender covenant and agree as follows:
<br /> �� 1. Paymeat of Principal�d Interest Borrower shall promptly pay when due the principal of nnd in-
<br /> a terest on the indebtedness evidenced by the Note,prepayment and late chazges as provided in the Note,
<br /> i and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> -..�
<br /> 2.:Fuads for Tmces�d Iasur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> ;i �wershall pay to Lender on the day monthly installments of principal and intereat are payable under the
<br /> k Note,until the Note is paid in full,a sum (herein"Funda") equal to one-twelfth 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 /> stalltnents for mortgage insurance,if any, all as reasonably estimated initially and fmm time to time by
<br /> Lender on the basis of assessments and bills and reasonable eatimates thereof,Lender shall apply the Funds
<br /> to pay said taxes,assesaments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding an3:applying the Fuada or verifying and compiling said assessments and bills. The Lender shall
<br /> g�v�e to t1�e Borrower, without chatge,an annual accounting of the Funds showing credits and debits to the ,
<br /> � E'�incla 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 xnay be held by the . ��„ ,.,,�
<br /> C Y,ender and commingled'with other fvnds and.the Lender's own funds and the Lender may pay such items
<br /> .� irom`its own'fuads and the Lender ahall not be liable for in£erest or dividends on such Funds. � .
<br /> ,f¢ � - -If the amount�of the Funds held by F.ender,together with the future monthly installments of Funds x• ' a�
<br /> r>!# . P�3"able prior to;the due dates of taaes,aseeasments: inaurance premiums and ground rente, shall eaceed ���
<br /> the amount required to'pay said tsaes,aeeessmenta,anaurance premiums and ground rents as they fall due,
<br /> � 't. such excess,sl�all be,at.,Borrower's option;either promptly=epaid to Borrower or credited to Borrower on ��w
<br /> r iaontlily,"insEallaients of Funds. If the`amount of the Funda held by Lender shall not be sufficient to pay ,a �,,�
<br /> � = taxes, assessments, insurance premiums aad ground zents as they fall due,Borrower shali pay to Lender '
<br /> ' ; any'amouiit'itecessa to make _.._ . ,,a„��;,�
<br /> ry i�p'the deficzency within tivrty days after notice from Lender to Borrower
<br /> ! requeating payment thereof, or'Borrower ahall, by an increase in monthly installments of Funds required,
<br /> repay,the de$ciency within the'Fund'accountitig period.
<br /> Upon payment in full of all suma secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> againxt all suma due. �
<br />
|