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� �
<br /> INDIVIDIIAL
<br /> DUE ON SALE -
<br /> Fl�'r OPTIONAL FUTURE ADYANCES
<br /> � SAVINGS FUND
<br /> ; . Fo,aM�No.720 � , °�, �� :
<br /> > V� Loan Number___35707_ — Z88 — 1
<br /> . } . . . . . . . ___�TYDe_____B��nc/�
<br /> � :... . .. . . ` ....
<br /> "' Z8�01299 MORTGAGE
<br /> € . .
<br /> � T�IS MORTGAGE, made and esecuted this................�-----.....�day ofjCG��...------------ A.D.,
<br /> ; 19Td:__,between the Mortgagor, --..£mutitt--M'---Szms..and_..Y.i.cki...J.r..Sims.._.husbaad__and._wife.---•------ ;
<br /> ? 7Q��1.��]=1.:a�si:_�a.C.i,�_.�,n..th�x,i:..st�.r,t..��9J.t�.................................•--••-•--•-----...---� ; ;;:
<br /> ------•----•--•----•----••---...------•-•---�--...•••--
<br /> `? of_.....G?:�?�.IS��F�4�..-•---, County of.............H.a�1.-•------.......,State of...KebrasXa------.,hereinafter referred i
<br /> to as the Borrower, and the Mortgagee, FIFtST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501,its succeasors and assigr�s, hereinafter referred to
<br /> as Lender.
<br /> ^ WcTxFssETx: That the said Borrower for and in consideration of the sum of.._TNzx�Y 2�srOUSANn ', ;i
<br /> . ....... . . .......
<br /> '.; SIX HUNDRED AND NO/100-----,----------,----------------.Dollars(US$...30..600..00....._.............) :
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> following described pmperty located in the County of _....._...Ha�?..............._.._._._, State of Nebraska: ' ' :i
<br /> ? Lot Seveateen (17), Block Eleven (11), Ashton P1ace, an Addition to the City of
<br /> ; Grand Island, Hall County, Nebraska.
<br /> y
<br /> k'r.:
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<br /> 3 TocsTxEa with all the improvements now or hereafter erected on the pmperty, and all easements,
<br /> i"" rights, appurtenances, rents, royalties, mineral, oil and gas rights and pmfits, 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 4
<br /> � Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this i � :
<br /> Mortgage is on a leasehold) are herein referred to as the "Property".
<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
<br /> warrant and defend generally the title to the Pmperty 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 abstracter.
<br /> �; � � PROVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree- � � � �
<br /> "� ments and obligations of the Borrower, to-wit:
<br /> � .
<br /> 'i The Borrower agrees to pay to the Lender,or order,the principal sum of TH2RTY..TFIOUSAND_SI�(,,,,,. ' �
<br /> ! HUNDRED.AND.NO(Z00------------.-----------------------Dollai's (US$----30�600.00...------•-•-•)
<br /> # payable as provided in a note eaecuted and delivered,concurrently herewith,the final payment of principal,
<br /> � if not sooner paid,on the...............1st__... day of_.........._..Masch.---.......... _..,�Q-.._�pp7
<br /> ' UxtFoaM CovExaxTs. Borrower and Lender covenant and agree as follows:
<br /> i
<br /> j' 1. Payment of Principal�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 principal of and interest on any Future Advances secured by this Mortgage.
<br /> -� 2. Funds for Tmces aad Iasur�ee. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> j rower ahall 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 /> .� assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of'yearly pretnium installments for hazard �nsurance, plus one-twelfth of yearly premium in-
<br />�.I stallments for mortgage insurance,if any, all as reasonably estimated initially and from time to time by
<br /> # Lender on the basis of assessments and biqa and reasonable estimates thereof,Lender shail apply the Funds
<br /> ;i to pay said'taaes,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br />'.{ holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> i g�ve 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 additionsl
<br /> security for the aums secured by this Mortgage. The Bormwer agrees that the Funds may be held by the
<br /> f Leader and commingled with other funds and the Lender's own funds and the Lender may pay such items "��
<br /> __"'- -.
<br /> '•f from its'own funds and the I.ender shall not be liable for interest or dividends on such Fuads. � , g ° :
<br /> r`� �'. - .
<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:taxea, assessments, insurance premiums and ground rents, shall exceed ,� t -„j `
<br /> the.sumount reqw=ed to,pay sazd tazes,aseeas=nents,insurance premiums and ground rents as they fall due, � :
<br /> ' stich exceas shall-,be;at Borrower's option;either promptly repaid to Borrower or credited to Borrower on
<br /> '� monthly installtaents of Fnnds. If.the amount of the Funds held by Lender shall not be sufficient to pay � �- s
<br /> � ta�cea, assesaments, insurance premiums and ground rents as they fall due,Borrower shall pay to Lender � ��
<br /> any amovnt neceseaiy to make up the de8ciency within thirty days after notice from Lender to Borrower ; �'`""
<br /> � reqssesting payment theteof, or Borrower ahall, by an inctease in monthly installments of Funds required.
<br /> zepay the deficiency within the Fund aceounting period_
<br /> Upon pa.yment in tull of all suma secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> againat all aume due. .
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