|
..
<br /> � �
<br /> i - . '�• ---�,, . .
<br /> IhlDIVIDUAL
<br /> DWE ON SALE
<br /> OPTIOI�IAL FUTUI2E ADYANCES
<br /> i .� SAVINGS FUND ? � � ; u;.
<br /> �� ;�■� FOttM NO_720 � ''� ' ' �
<br /> . .,� . . _ . � . . - . Loan Number__��$ZZ------_l88_-�_eil��h � �:
<br /> :.f . . . . � � . . � � � � r
<br /> '.; 78- �01591 MORTGAGE `
<br /> , � { , r
<br /> � THI9 MORTGAGE, made and executed this .--•------•.��-•--.--------- day of.........�?�""�-----•--..... A.D., , .
<br /> ` # 19:..��.-,between the Mortgagor,...Jer;7t..�...��.93'....�tta...��'olYn--s.7....SeVY.>..buSbsA,d_..�nd._Ftxf�.,......_.. ` ;a.
<br /> '� ,;;. jointly.and__each, in_ their own right.____„_,___
<br /> ..._. ..... ....------•------•----- ..__ ..... ......................•---.._....... .
<br /> .........................•--•-••--
<br /> of Grand Island __...__._, County of .---.�11- -•-- ••-•-•-----,State of....�ebraska--•--.,hereinafter referred � ,�;
<br /> � to as the Borrower, and ths Mortgagee, FIRST FEDERAL SAVINGS AND LORN ASSOCIATION OF
<br /> ,� LINCOLN, 1235 "N" Street, I.incoln, Nebraska 68501, its successors and assigns, hereinafter refeaed to e
<br /> as Lender.
<br /> <
<br /> WITNESSETH: T}lat the said Borrower for and in consideration of tAe sum of...Tf3��X..S�IC...............
<br /> THOUSAND_.AND..NO/100--------------------------------Dol:ars (US$..36 000.00 )
<br /> .-••---•---- ••- a•--••
<br /> , -' ' - -""-'...... -'"'-"•"--•-'•• -• '-"-'...................
<br /> :� paid by said Lender, does hereby mortgage, gr�nt and convey to Lender, its successors and assigns; the •
<br /> � following described property located in the County of ....___..�11.......................... State of Nebraska: � ,
<br /> :
<br /> -:� Lot Nine (9), except the Southerly Seventy (70) feet thereof, Blocic Three (3)�
<br /> Dickey Secand 5ubdivi.sion, Hell County, Nebraska.
<br /> � t,
<br /> �
<br /> ':
<br /> s �
<br /> � � t 35�,.',:
<br /> � �TOGETHEH W1t21 all the imprtrvexnents now or hereafter erected on the property, and all easemeats, .� �s�,�
<br /> righte, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and w
<br /> watcr atock, and all fixtures now or hereafter attached to the property, all of which, including repiace- ` t$
<br /> ments and additions thereto,shall be deemed to be and remain a part of the property covered by this � r �F''
<br /> Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this caj
<br /> Mortgage is on a leasehold) are herein referred to as the "Property". ' `.
<br /> tz��
<br /> Borrower covenants that Bonower is lawfully aeised of the estate hereby conveyed and has the right ' *
<br /> to.mortgage, grant and convey the Property, that the Property is unencumbered, and that Bonower will !- �''•
<br /> warrant and defend generaliy the title to the Property against all claims and demands, subject to any ��i
<br /> eesements and reatrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> auring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified `- .
<br /> by bonded abstracter. ;}
<br /> �PROVIDED ALWAY3�and these presents are executed and delivered upon the following conditions,agree- .
<br /> ments and obligations of the Borrower, to-witc
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum of _..T��.T.?�..5?�__�Q�JSAHA_. ' `
<br /> ,_.ANID NO/100-----------------------------------------.Dollars (US $---36 000.00,.----------•---
<br /> .............................................••----•••------•-----.....__...----..__._....-----------•- - -
<br /> �' payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> '� if not sooner paid,on the.-----.1st..............day of----••-----.6pril--••-•-•--••-.------,at�.2DII7 , r
<br /> ,}
<br /> � `UxcFoart CovsxaxTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Paymeat oE Principel�►d InteresL 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 Tmces�d Iasurcmce. $ubject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> 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 /> asaessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium inatallments for hazard �nsurance, plvs one-twelfth of yearly premium in-
<br /> f� stallments for mortgage insurance,if an�,all as reasonably estimated initialiy and from time to time by
<br /> Lender on the basis of assessments and bills and reasonabie eatimates thereof,Lender shall apply the Funds
<br /> � to pay said tazes,assessments,insurance pretniums and ground reats. 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 /> give to the Borrower,without charge,an annual accounting of the Funds 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 /> security.,for the;suais secured by:this Mortgage. The Borrower agrees that the Funds may be held by the d.
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items -��"""
<br /> from its own funds and the Lender ahall not be liable for interest or dividends on such Funds.
<br /> ' 3f the:smount'of the F`unda held by Leader, together with the.future monthly installments of Funds I �y , '
<br /> psya�le,pnior,:to the=due dates of taaes;.sesessments,:insurance premiums and ground rents, shall exceed J "
<br /> tiie amouat required.to.pay said.taaes,-asseasments,insurance premiums and ground rents as they fall due, ��` �
<br /> such excese..sI�a1l�.be,at.Bont'ower's option,either promptly repaid to Borrower or credited to Borrower on a�=
<br /> monthly'instalIments of-Eunds. If the amount of the Funds held by Lender shall not be suf&cient to pay *�'. ;
<br /> ,� taxes, aseesements;inan premiums and ground rents ae they fall due, Borrower shall pay to Lender "' �'�
<br /> , any amburit iieceseary to�e up;the deficaency within tlssrty days after notioe from Lender to Borrower 4� � .
<br /> requestuig�payment�ther f, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay tha defiaiency an the Fvnd accounting period.
<br /> Uport payment in f 11 of all sums secured by this Mortgage,Lender shall apply Funds held as a credi6
<br /> against all sums.due. 1
<br /> _J
<br /> � .....:,. _,. ... I
<br />
|