|
r �
<br /> INDIVIDUAL
<br /> DUE ON SALE `-
<br /> ; �S"r OPTfONAL FUTURE ADYANCES �
<br /> a
<br /> � �� SAVINGS F'UND s ;,
<br /> FORM rvo.�ao � ' x r
<br /> � ���N Loan Number__ 35296__—_ 188_— I__ ���`',
<br /> . . .. . . . TYOe � B�an<M1 � tF,.�'.
<br /> y M O R T G A G E �
<br /> 78, U01048
<br /> � � �� �-- , , �
<br /> f THI3 MORTGAGE, made and executed this.......�Y................ day of_f..P.�?YVFiV... A_D.,
<br /> . . � ; ��
<br /> j 19.��_,between the Mortgagor, ..Billy„L.._Johnson_.and._Suean.,P.__Johnson�_,husbatid__and_wife„
<br /> ; ,..jointly.and_each_in__their own right, _ ....
<br /> ....-•----•-•--••------ •--- -- - ------..
<br /> ` of ..._.Wood River ,_.,Hall Nebraska � �
<br /> ; _..------ ----------, County of._..._ ... ......---,State of--.--- . •-----•--_...,hereinafter referred ` '
<br /> ; to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 2235 "N"Street, Lincoin, Nebraska 6SSOI,its successors and assigns, hereinafter refetred to }'
<br /> as Lender. ��;:
<br /> ;;j
<br /> '� WITNESSETH: TI18t tlie said Borrower for and in consideration of the sum of...T..�!��?TY S=X TIiOUSAND < �
<br /> ..""'"'...."'•""'.... � �
<br /> EIGHT HUNDRED AND NO/100--------------------------- , 26 800 00 ' 3�
<br /> � .............••--�----...._.....--•-----•----....._...__...........---•--....--•-•--........--•�--------•--......_Dol.ars (US$_.....'••----�'---••-----�•----•-------•� " � � r�
<br /> ; paid by said Lender,does hereby mortgage,grant and convey to Lender, its successors and assigns; the � tt ,r�fr
<br /> ; following described property located in the CounLy of_......Ha11 , State of Nebraska: � - �,u%
<br /> ....._ r
<br /> � . . :: ����,.
<br /> `# South 50 feet of I�ots Faur (4), Five (5), and Six (6), in y `'
<br /> ? Block Nine (9) in Brett and Johnson's Addition to the Town � `'x`�
<br /> + of Wood River, Hall County, Nebraska. t � ,�;�f
<br /> � s�7�`,
<br /> + _ ��;
<br /> ,-3 � t r ��
<br /> :;� � s �,.�<
<br /> � �
<br /> ;� �TOGETHER Wlt}1 all the improvements now or hereafter erected on the property, and all easements, r���
<br /> # rights,appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and , P` �',�;
<br /> ,y water atock, and all fixtures now or hereafter attached to the property, all of which, including replace- ��,�-�
<br /> � ments and additions thereto,shall be deemed to be and remain a part of the property wvered by this ,s� ',��T�;
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> ) Mortgage is on a leasehold) are herein referred to as the "Property". '� n�''�'%
<br /> ,� I��p
<br /> Borrower covenants that Borrower is lawfully aeised of the estate hereby conveyed and has the right �F
<br /> �-
<br /> '� to mortgage, grant and convey the Property,that the Pmperty is unencumbered,and that Borrower will „y
<br /> ,j$ warrant and defend generally the title to the Property against all ciaims and demands, subject to any
<br /> 1 easements and restrictions liated in a schedule of exceptions to coverage in any title insurance policy in- ' "�
<br /> ;a suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> r
<br /> '! by bonded abstractea
<br /> ,� PaovinsD ALwwYs, and these presents are executed and delivered upon the following rnnditiona,agree-
<br /> :� ments and obligatioas of the Borrower, to-wit:
<br /> ;i The Borrower agrees to pay to the Lender, or order,the principal sum of ._T..�N.T..Y._SIX_THOU$(�iI�,�IGHT t
<br /> , ..BUN�RED..AI�..TIOI.�DD--.—r..-_—_---------._-------------.-Dollars (US$-_.26..$QQ QO---••-- •••-----•) ;
<br /> .� payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal, .`
<br /> if not sooner paid,on the. --•---._�.s�..---...--- day of...---M�rch.. ..........................�8..�QQ7
<br /> � Ux[soxmi CovexaxTs. Borrower and Lender covenant and agree as follows:
<br /> j• L Paymeat of Prindpal�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 pru3apal of and interest on any Future Advances secured by this Mortgage.
<br /> *� 2. Fuads [or T�ces�d Insurcmce. Subject to LendePs option ander paragraphs 4 and 5 hereof,Bor-
<br /> a rower shall pay to Lender on the day monthly instaliments of principal and interest are payable under the
<br /> ,� Note, until the Note ie paid in fuIl, a sum (herein "Funda") equal to one-twelfth of the yearly taxes and
<br /> -; assessments which may attain priority over thie 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 time to time by
<br /> Lender on the basis of asseasments and bi1L9 and reasonable estimates thereof,Lender shall apply the Funds
<br /> + to pay said ta�[es,aesessments,insurance premiums and ground rents. Lender shail make no charge for so
<br /> � hotdiag and applying the Funds or verifying and compiling ssid 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 /> �� Eunds and the purpose'for which each debit to the Funds was made. The Funds are pledged as additional �
<br /> � aecurity for the sums aecured by this Mortgage. The Borrower agrees that the Funds may be held by the _ '
<br /> Lender and oommirigled with other funds and the Lender's own funds and the Lender may pay such items ' """'
<br /> from its own tunds and the Lender ahall not'be liable for intereat or dividends on such Funds. � ;
<br /> V�
<br /> ' If,the;amouat;of the:Fnnda heId by-Lender,together with the future moathly installments of Funds p; `
<br /> payable prior:to tihe.rlue datea of taaea,assessmente, insurance premiums and ground rents, shsll exceed , e�; "
<br /> the amount.raquired to.pay ,yaid taaes,asseasments,insurance pretniums and ground rents as they fali due,
<br /> � auch excess,slaall:be,-at`Bosrower's'option; either pmmptly repa�'d to Bozrower or credited to Borrower on �`
<br /> monthly`irista7lments of'Funds. If the amount_of the;Funds held by Lender shall not be suf&cient to pay -`�"
<br /> � taxea, assesameote, insurance pre*^n,^�a snd gtound reats�he�fall due, Borrower shall pay to Lender '"� "�
<br /> any amount aeceseary to iaske up-the deficienep within thi da s after notice from Lender to Borrower
<br /> � re4tiestinq,;payment thereof, or:Borrower shall, by an increase inmonthiy installments of Funds required,
<br /> � repay tlie deficiency withiii the F'aad accounting period:
<br /> i Upon payment in fiall of all snms secured by'this Mortgage,Lender shall apply Funds held as a credit
<br /> against all suma d�ie. ... �
<br /> �i
<br />
|