|
, _ � �;
<br /> � '
<br /> W�NIDUAL � •
<br /> � DUE ON SALE
<br /> OPTIOIVAL FUTURE ADVANCES }Yr y:
<br /> J. �� SAVWG5 FIIND,
<br /> e�f r,., FORM N0.720 - � ,'
<br /> . _ . : : , , .. . . � . , - r
<br /> y '
<br /> 1� xr
<br /> 1� ' ,_ . ` Loan Number__35784 __—_368---e..��n � .-,; F,:
<br /> j.. � �'� , �. ` . . . . . . . � . � . .. . � ..� _
<br /> ':, , 7_8� Ut3165� M oRT � a � E
<br /> { HI3 MORTGAGE,made and executed this ...............•----..�`�.�. day of�i��c%l/GC'�......--- A.D.,
<br /> . `
<br /> 19,�:,between the Mortgagor, L_..G Agy,oZt and GarreZ E. DavoZt ___ , �
<br /> ' .
<br /> t
<br /> ; .._.. ....-•---�---••-..... .......................��-husband_and.t+!�:�4'_..__..._.._
<br /> � .jozntl� and each zn their own.riyht�,-•--••••-••-•................ ...
<br /> . ._.. .....----•--•••---•-• ............................ ..__...._.--•---•---•-- �
<br /> # of ..Grand'zs3and County of....-•-----_HaZZ.................State of..�ebrasXa heremafter referred �
<br /> � to as the Borrower and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN�ASSOCIATION OF �
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter refened to �:
<br /> } ,
<br /> ; as Lender.
<br /> ; � '�
<br /> W3TNE9SETH That the said Borrawer for and in consideration of the sum of_FovRTEEN THoySAND � �.
<br /> � FSVE HUNDRED AND NO/ZOO----------------------------- � S4 500 DO a rn
<br /> _ _..,_..• ••--...- •�--•..........................•••-----•--��-•-•---••-• ---•-••-•-�--•-- -._..�ol.ar., (US$--•---•--•••--- ... ) ��
<br /> -•--- r.
<br /> ;� paad by aaid Lender, does hereby mortgage, grant and c+onvey to Lender its suecessors and assigns• the � r
<br /> following deacribed property located in the County of.......................Ha1j__.....___., State of Nebraska: � � ; �
<br /> � ' ` ��.
<br /> 4 .
<br /> ( Lot Eleven (11), Bloc}.z One (1), Le Heights Subdivision, being a part of the �
<br /> j lYorthwest Querter of the Northwest Quarter (NW�NW�) oP Section 11, Township ; ,
<br /> 11 North, Range 10 West of the 6th P.M., Hall County, Nebraska. '" � ��"
<br /> �' �
<br /> �
<br /> €. � �.�.
<br /> �' ' ` ��``�+,��f�
<br /> TocETxsa with all the impmvements now or hereafter erected on the property, and all easements, � "+���:
<br /> rights,appnrtenances, rents, royalties, mineral, oil and gas rights and proSts, water, water rights, and �"
<br /> water stock, and all fiatures 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 art of the y y �r '
<br /> p propert covered b this �', „r
<br /> Mortgage; and all of the foregoing,together with said prc>perty (or the leasehold estate in the event this � � ^?
<br /> Mortgage is on a leasehold) are herein re€erred to as the "Property^. �`� ' �,�;•
<br /> r
<br /> Borrower covenants that Borrower is lawfully seised of the eatate hereby conveyed and has the right � ,�t:
<br /> ta mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower vcn11 E �'�-
<br /> � warrant and defend generally the title to the Property against all claims and demands, subject to any � � w
<br /> easements and restrictions listed in a schedule of eaceptions 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 i
<br /> �� by bonded abstracter.
<br /> PsovinEn ALwwxs, and these presents are executed and delivered upon the following conditions,agree- °
<br /> ments and obligations of the Borrower, to-wit: `r
<br /> � i.
<br /> .� The Borrower agree s to pay to the Lender,or order,the principal sum of..�vRTEEN THOUSAND FSVE !
<br /> � HUNDRED.AND NO/Z00--------------------------------- Dollars (US$__14 500 00 ;
<br /> ._...- -•--•••----•-----••-•-•--••••-...---•--•------------------�•------••--•-...---- --•--•-•• --•---........---• �
<br /> � " payable as provided in s note eaecuted and delivered,concurrently herewith,the final payment of principal, �
<br /> it"not sooner paid,on the......lst.._.....--•--. day of----••--•--Apri1„---�----.._..-�-----•� �--20Q7 j �
<br /> � UxiFoaM CovExaxxs.Borrower and Lender covenant and agree as follows:
<br /> ' � L Paymeni of Priacipal�d Iaterest. Borrower shall promptiy pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late chargea as pmvided 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. Sabject 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 /> -j Note,unt�the Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> '� asaessmenta which may attain priorit�yover this 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 /> stallmeitts for mortgage insurance, if any all as reasonably estimated initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shali apply the Funds
<br /> � . �I�Y�d taaes.ssaeasments>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 billa.The Lender shall
<br /> r.� give to the Borrower,witliout charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose for which esch debit to the Ftu►da was made. The Funds are pledged as additional
<br /> , eecunty for the aums aecured by this Mortgage. The Borrower agreea that the Funds may be held by the a '=
<br /> Le�qder and commingled,with other funds and the Lender's own funds and f.he Lender may pay such items ""�� :
<br /> from its,own funils and,.the Lendex ahsll,not be liabie for interest or dividends on such Funds. , x;
<br /> f �" If the 8mountafithe Funds held by Leader,together with the future monthly installments of Funds , t�r
<br /> ^ payabie pnor�to the dne;datea-of tsaes,essessments. inaurance premiums and ground rents, ahall exceed
<br /> tt�e�amouab requireci ta•p`aysaid.taaes,assessments,insvrance premiums and ground rents as they fall due, fs
<br /> su escesa shall`,be,at Borrower's option;eitherpromptiy repaid to Borrower or credited to Borrower on ���
<br /> " mon�Y�netailments o£'Funds;,If the amount of the Funds held by Lender shall not be suf&cient to pay �'; �
<br /> „�•, ���.�.ea�sa►ents. �n,surance prenainms and ground rents as they fall due, Borrower shall pay to Lender •.�
<br /> .��:_
<br /> ne�eaiy�o make.up the de&ciency within thirty days after aotice from I,ender to Barrower
<br /> �Q���g;�paXalent_thereof, o�Btirrower:,"sha11, by an increase in monthly installments of Funds required,
<br /> �� repay tke'd�fita�i%cy'witfiin the Fund aocounting.Period.
<br /> ,� � Upon-.payment in,full�of.all aums seeured by this Mortgage,Lender ahall apply Funds held as a credit �
<br /> -t againat all snma due.
<br /> . i+,, :.. . _..,.,. � ._ _�...,n. . ..
<br />
|