|
_ _ � _ �
<br /> , ^ '
<br /> IfVDIVIDUAL • •
<br /> DUE ON SALE
<br /> :� OPTIONAL FUTURE ADVANCES
<br /> � SAVINGS FUND
<br /> r� FORM No.720-�
<br /> �q-N Loan Number__35052 _ —i99y�-- -B.a1�M1
<br /> ' .78� �jOQg46 M O R T G A G E
<br /> ' ; . . .. ,
<br /> THI3 MORTGAGE;made and executed this .............q.........._.._. day of...__�_�c.K.a.r..,/_....._.. A.D., �-
<br /> - � 19...2X,..,between the Mortgagor,..�Fa�n�s--A•---Good._ansl..�fax3o.�i.�..kt,._.�uod...b.uatzan.d._aus�_.Fri.�s...--•- „ ;
<br /> ,� jo�-�3t�,Y a�d �8s�__�.F�...th��r_ot?r1..r�BhG.,---.....-•---�----•...................•••---..__...._......._...-•---...---•-----•-----••-----••---•-•---
<br /> Grand Island '
<br /> ; of-•......... ................•------.,County of...-----•---Hall......__......,State of__.Neb?:�Ska.------,hereinafter referred
<br /> `; to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> " '3 LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501,its succesaors and assigns,hereinafter refened to
<br /> ? as Lenden
<br /> .
<br /> `� WiTxesss�rx: That the said Borrower for and in consideration of the sum of .. THIR.T.Y..'£H�USAND,._ ; `;:,:
<br /> . ; AND NO/100----------------------_-------------------�ol:ars (US$...30,000.00--•--........ . ) ,
<br /> , . ._.......---._.-----•-----...--•............. .. ..... � -- ='
<br /> � paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> � following described property located in the County of.............Aall.._.._..__..__........, State of Nebraska: ,;`
<br /> f '
<br /> i
<br /> ! Lot Eighteen (18), Imperial Village Third Subdivision, City of Grand Island, *
<br /> �
<br /> Ha11 County, Nebraska.
<br /> :
<br /> �
<br /> �
<br /> � TocsTxEa with all the impzovements now or hereafter erected on the property, and alI easements, �
<br /> zighfs, appurtenances, rents, royalties, mineral, oiI and gas rig6ts and profits, water, water rights, and �
<br /> - � water stock,and all fixturea 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 art of the ro rt covered b this ��
<br /> P P Pe Y Y �� - x;
<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 /> 1'>
<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 yr '
<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 achedule 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 r
<br /> by bonded abstracter. _
<br /> � PaovinEn ALWAYS, and these presents are executed and delivered upon the following conditions,agree- "`'
<br /> , 4 ments and obligations of the Borrower, to-wit:
<br /> �
<br /> , { ,
<br /> .� The Borrower agrees to pay to the Lender,or order,the princi al sum of..TH=RTY,TI30USL�1�._.�p___
<br /> .14Q/.�,.QQ---_—_-----__----_----.--.----------------.--_--.Dollars (US$---•-30..00O..OQ_... --------�
<br /> � payable as provided in a note ezecuted and delivered,concurrently herewith,the final payment of principal,
<br /> -,', if not sooner paid,on the.....:._.1st..--------.. day of.....F.ebx.uaxY--._..--.-------..._.,�..2QQ3 ;
<br /> -. ,
<br /> ; ,
<br /> � � �UNIFORM Cov�xwx�rs.Borrower and Lender covenant and agree as follows: � � �
<br /> , i 1. Paymeat of Principal�d Iaterest. 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. Fuads for Tmces�d Iasur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> "� rower shall pay to Lender on the day monthly inetaliments of principal and interest are payable under the
<br /> 1 Note,until the Note is paid in f�ill,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> j assessments which may attain prion'ty over this Mortgage, and ground rents on the Property, 3f any plus
<br /> -, i one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in- `
<br /> ij stallmenta far mortgage insurance,if any, all as reasonably estimated initially and from time to time by 1
<br /> ,:� Lender on the basis of assesaments and bills and reasonable est�ates 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 compil�ng said assessments and bills. The Lender shall
<br /> give to the Borrower,without charge,an annual accounting of the Funds ehowing credits and debite 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 tbis Mortgage.The Borrower agrees that the Funds may be held by the
<br /> Leader and commingled with other funds and the Lender's own funds and the Lender may pay such items ' = �p .
<br /> e" trom it$own fands'and the Lender ahall 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 ��' '�M
<br /> payable;prior to the due dates of taxee,assesemente, insurance premiums and ground rents, shall exceed �,'
<br /> ��' :the amount requii�ed topa y said:tsaes,aesessments,insurance premiums and ground rents as they fall due, *,
<br /> such excess aliall be,at Borrower's option;either promptly repaid to Borrower or credited to Borrower on �:�
<br /> �,� �� monthly?u�stalia�ents of Funds.,If.the amount of the Eunds held by I.ender shall not be sufficient to pay 'r' - " �
<br /> ,.,� taaes,'assessmdita, insursnce.pre�ums,and�ound reats as they fall due, Borrower shall pay to Lender -.�x ,a�c=.,�`
<br /> eny amonnt necessary to make up,the deficzency withia thirty days after notice from Lender to Borrower
<br /> ; iequesting papment'thereof, or Borrower ahaII, 5y aa"increase in monthly installments of Funds required,
<br /> , ; repay the deficiency witfiin'the Fund accounting period_
<br /> Upon payment in full of all aume secured by this Mortgage,I.ender ghnll nppty F�mds hel�l AF A Ci0(�ll: �
<br /> ; against.all,sums due.
<br />
|