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� �
<br /> - ---., .
<br /> I(VDIVIDUAL
<br /> DUE ON SALE �
<br /> OPTIONAL FUTURE ADVANCES
<br /> �� SAVINGS FUND
<br /> ; , r.� FORM No.720 $S7OO_ ],HH _ 1. � �
<br /> u Loan Number-------------------------
<br /> -{ � ryoe Brencn
<br /> ...� . . . . . . . ..
<br /> � �8- U 012 4 5 M O R T G A G E
<br /> ;
<br /> ' THI3 MORTGAGE, made and executed this ...........................,�.r..daY of/..//./.�....._....__...A.D.,
<br /> � 19...�g..,between the Mortgagor..................M�rcua J. Snow and Pamela H. Snow, husband and wife,
<br /> ..----••----�-�---------------- ....- -------�-----•-••--
<br /> E jointly and each�in his own right,
<br /> � .--••--•..................... ,`
<br /> ,� of......�iari��Ys1as3�..._.., County of-----------------------_Yia1�1...,State of.----Nebraska
<br /> .. hereinafter referred
<br /> to as the Boaower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N"Street, Lincoln, Nebraska 68501,its successors and assigns,hereinafter referred to
<br /> as Lender.
<br /> � �I �gE � t}1C�4$j(j Bo�r�vDer or and onsideration of the sum of._....�-•$00�00 �� ��� ���
<br /> ; FOR -�UR �OU Llc�ar FILTZ ------- ------NO/�1�1�--------�ol:� cus $...--��-----'----...--�---�--------->
<br /> �-------------------------------�--......--�-----.......--------
<br /> paid by said Lender, does hereby mortgage, grant and convey to �.,gnder, its successors and assigns; the
<br /> r following described property located in the County of ...............�ii.._....._......__., State of Nebraska:
<br /> � Part of the Southeast Qusrter oP the Southeast Quarter (SE�E�) of Section 20, Township 11 North,
<br /> = Range 9 West of the 6th P.M., Hal1 County, Nebraska, more particularly described as follows, to-
<br /> j wit: Beginning at the Southeast coraer of said Section 20; thence runniag Northerly along and
<br /> = upon the East line oF Section 20, a distance of 628.0 feet to the Southeast corner af Bel-Air
<br /> { Addition to the City of Grand Island, Nebraska; thence Westerly along and upon the South line of
<br /> t said Bel-Air Addition, a distance of 175.a feet; thence running Southerly and parallel to the
<br /> East line oP said Section 20, a distance of 216.49 feet to the actual place of begianing; thence
<br /> ; ruaning Westerly a distance oP 130.0 feet to a point 213.88 Peet South of the South line o£ said f
<br /> � Be1-Air Addition; thence runni.ng Southerly and parallel to�the East line (SEE ATTACFIED EXFiIBIT A)
<br /> ,� TOCETHER WItIl 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 /> ments and additions thereto,shall be deemed to be and remain a part of the property covered by this
<br /> a • 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 /> :j Borroveer 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
<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 /> i by bonded abstracter.
<br /> � PEOVIDED ALWrIYS� and these presents are executed and delivered upon the following conditions,agree- � �
<br /> � ments and obligations of the Borrower, to-wit:
<br /> E
<br /> � The Borrower agrees to pa�y to the Lender or o der the principal sum of.._........................................... `
<br /> a . FORTY-FOUR THOUSAAID EIZ�'HT IiUNDRID AN� NO�lOO-------
<br /> •------------- ---�-�- --��---..Dollars (US�'w--......44,800.00.-----�--...
<br /> ......----••--•----•---.... .-�-- - )
<br /> z payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> :` if not sooner paid,on the----..lst.............. day ot._----...March-.----..-.----.._._.....,a9820Q.7.
<br /> .�
<br /> � UxisoeNt CovEtanrrTs. Borrower and Lender covenant and agree as follows:
<br /> � � 1. Payment 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. Funds foz Taxes and 7nsur�sce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> 1t 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 /> � seaessments which may attain priority over this Mortgage, and ground rents on the Pmperty, if any plus
<br /> ; one-twelfth of yearly premiam 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 tirne to time by
<br /> Lender on the basis of assessments 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 /> �' „ holding and applying the FnndF or verif,ying and compiling said asee.gsments 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 /> Funds and the purpose ior which each debit to the Funds was made. The Funds are pledged as additional <
<br /> � securiLy.for the aums secured by this Mortgage. The Borrower agrees that the Funds may be held b,y the
<br /> I�ender and commingled with other funds and the Lender's own funds and the Lender may pay such items ,,,,�..,.,. , "�
<br /> from i#s own funds and the Lender shall 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 °
<br /> payable prior to the due dates of tsaes,asseasments, insurance premiums and ground rents, shall exceed J �� +
<br /> the amount required to pay said taaey,assessa�ents,;nsurance premiume and ground rents as they faIl due, °
<br /> suoh eaceae shall be,at Borrower's option, eitl�er pmmptly repaid to Borrower or credited to Borrower on s'''`;
<br /> � iuonthly inst.allments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay ` ��=9
<br /> � �Y���nec�� �o makeremi�ma�si�d � .� k��n
<br /> P � ground rents as they falI due, Borreswer shail pay to Lender ±+�
<br /> � �rY P 8ciency within thirty days after notice from Lender to Borrower
<br /> �9u��inS PaYment thereof, or Borrower shall, bv an increase in monthly inetxllments of Funds required,
<br /> repay the deSciency witkrin the Fund accounting period.
<br /> Upon payment in full of all sums secured by'this Mortgage,Leader shall apply Funds held as a credit
<br /> against all aums due.
<br /> �
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