|
, . r � .
<br /> ,-.,... -
<br /> INCIVIGUAL �
<br /> DUE ON SALE
<br /> {. OPTIONAL FUTURE ADVANCES
<br /> � �■ SAVIIYGS FUND f,.
<br /> � f'• FORM No.720. . _ ,
<br /> _ _ 1 'i
<br /> Loan Number__35_4.(t9__ -T�_'_-e���
<br /> � '
<br /> �$�U0084'7 MO RTGAG E
<br /> .: . .
<br /> � THI3 MORTGAGE,made and executed this...._..__..la................day of..._.....�Qb A.D., � ��
<br /> y-•--.._...-- .
<br /> r 19_._._,7$,between the Mortgagor,..Jeffrey__L._.Ferq,and..Barbara.J._Fera,,.husbaa�and,wife=,,.,_ �.. '
<br /> ,� joiatly,..and„each ia their own rz�ht .._..__._
<br /> .._ ... ..--�-•------ ----- - .............
<br /> . ---.....
<br /> � of -•.... ......... ........ ..County of_.....- ---.......---.. .. .__.,State of..---._- ----.....---.-->hereinafter referred
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> rLINCOLN, 1235 "N"Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender. �`'
<br /> ' Wrrx$ssErx: That the said Borrower for and in consideration of the sum of ..�PT�X..TJiREE__.__...... ,. ;
<br /> ; •
<br /> ' ; ._�i4IIs�_Z'��..�__.�'...Aj`TJ?.kIQ/1.4.9ccrr.---r..-.-.c-r.r.----r..-Dol:ars (US$23y1a00�DA......................) `'
<br /> paid by said I.ender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the =
<br /> ? following described property located in the County of ......_.IiAa.l......................__..,State of Nebraska= '
<br /> s .
<br /> Southerly 31.50 feet of Lot Three (3) and the Northerly 30.50 feet of Lot Five (5) in t
<br /> B1ock Eight (8) in University Place, an Addition to the City of Grand Island, Ha11
<br /> Covnty, Nebrasks.
<br /> b; f'
<br /> � Tocs�rxse with all the improvements now or hereafter erected on the property, and all easements, � +�
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and �
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including replace- �'
<br /> t ments and additions thereto,shall be deemed to be and remain a part of the property covered by this �E
<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". E
<br /> ;i Borrower wvenants that Borrower ia lawfully seised of the estate hereby conveyed and has the right >
<br /> S to mortgage, grant and convey the Property, that the Pmperty ia unencumbered, and that Borrower will r
<br /> s _ :.
<br /> ;; warrant and defend generally the title to the Property against all claims and demands, subject to any �,
<br /> i easements and reatrictions listed in a schedule of exceptions to coverage in any title insurance policy in- ✓
<br /> ; suring Lender's intereat in the Property,or (2) attorney's opinion of title from abstract of title certified �'
<br /> J by bonded abstractea �:
<br /> ��'�� .PEOVIDED ALWAY3� and these presents are executed and delivered npon the following conditions,agree- t � -
<br /> ments and obligations of the Borrower, to-wit: :
<br /> � ,
<br /> ti' The Borrower agrees to pay to the Lender, or order,the principal sum of �N� T�__..�5?�1SA�'1A �
<br /> .........-•-----•--....---�E `
<br /> �: ••--.-..EOUB.HUHILR�.ArID..DIQ/.11lA--------------•-----------•---.Dollars (US$...�3�4QQ.UD..................) �'
<br /> ::j payable as provided in a note executed and delivered,concurrently herewith,the final payrnent of principal,
<br /> } if not sooner paid,on the...._:.lst.-•----.._.... day of_.._.._.Eebr,uary..---•--•------------- l:@�c.2007 � `
<br /> -.i
<br /> U�Boatvt CovExwrrrs.Borrower and Lender covenant and agree as follows
<br /> i 1. Payment of Priacipal�ad laterest Borrower shall promptly pay when due the principal of and in-
<br /> terest oa the indebtednese 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 Iasuramce. 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 /> '' Note,until the Note is paid in full,a sum (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> j assessments which may attain priority over this Mortgage, and ground rents on the Pmperty, if any plus
<br /> one-twelfth of'yearly premium inatallments for hazard insurance, plus one-twelfth of yearly premiuzn in-
<br /> Y' sCallments for mortgage insurance, if any, all as reasonabiy estimated initially and from time to time by
<br /> }, I.ender on the basis of asaessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> ` to pay said taxes,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> � j holding and applying the Funds or verifying and compiling said assessments and bills.The Lender shall
<br /> g�ve:to the Bortower,without charge,an annual accounting of the Fvnds ahowing 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 /> sewrity,for the sums aecured by;this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> �' Y,ender and oommingled.with other funds and the Lender's own funds and the Ixnder may pay such items
<br /> ,' from ita own funds and the Lender ahall not be liable for interest or dividends on such Funda. j � ',
<br /> � , If-the:amount of the Fands held by Lender,together with the future moathly installments of Funds '' �
<br /> j paqable,paot to:the due dates af tazes,asseasments, insurance premiums and ground zents, shall exceed ' ���
<br /> t}ie amouat required to;p ay said taaes,aeeesamenta,insurance premiums and ground rents as they fall due, �,a
<br /> sach ezceee shall;lie,at Borrower's optioa,eitI�er promptly repa�d to Borrower or credited to Borrower on � : r
<br /> � "monthly`inatallments of,Funds. If'the amount of the Funds held by Lender shall not be sufficient to pay ,+a" F`•
<br /> tazes,'assessEnerits iasurance piemiums,ai#d ground ients as they fall due, Borrower shall pay to Lender '` "�`
<br /> �� .
<br /> �- any si►iopn"t nece'seaty to inake vp the deficiericy within thirty days after notice from Lender to Borrower �''`°`�
<br /> "`' requesting;payment thereof, or'Borrower:shall, by.an increase in monthly inatallments of Funds required,
<br /> � repay the�eficiency within tfie Fund accounting period.
<br /> �� Upon payment in fiall of all sums aecured by this Mortgaqe,Lendet shall apply Funds held as a credit
<br /> againat all suxna due_ I
<br /> J
<br />
|