|
r �
<br /> INDIVIDUAL
<br /> DUE ON SAL.E
<br /> ��'r OPTIONAL FUTURE ADVAh10ES
<br /> �■ SAVINGS FUN�
<br /> �e� i' FORM No.72Q
<br /> I u1�v�� Loan Number___ 35535 _— 188__—_ 1_ I
<br /> TYOe Bra�e1�
<br /> 78--�JOl�fi1 M O R T G A G E
<br />! 3 MORTGAGE, made and executed this-.------...��1.__......... day of ..--L'.!.p-I�-�.--•-•----••--- A.D.,
<br /> 19_..7�between the Mortgagor,._�Y.mond�Os,�ka.,a��l_.ToQnn�Oseka,_.husband„an�..cq�_��,_.j.p�,nt].y.
<br /> ...and..each__in..their,.own right-'--.-•------.- ............ .
<br /> ..... . ..---.... .._- ----�-.. .......... . ....�------- -..... ....
<br /> of..Grand_Island..........., County of ......--•----Hall.......... .....State o#....N..�bra:S�4�......,hereinafter refeaed
<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 referred to
<br /> as Lender.
<br /> WITNESSETH: T}18t L�le 881C1 BOTIOWCI' FOT and in consideration of the sum of ..�N_�X..�x�H�..xHOUSAND � �. :_.,
<br /> QNE„HUNDRED__SEVENTY_AND__NO/100--------.--------r.-.---...Dol:ars (US $......�.$.s.A7.Q.:.OQ................)
<br /> paid by said Lender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> fallowing describe@ property located in the County of __..__...Hall___...................... State of Nebraska:
<br /> Lot Sixteen (16), Block Thirteen (13), in College Addition to West Lawn, in the
<br /> City of Grand Island, Hall County, Nebraska.
<br /> TocETxea with all the impmvements 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 attachecl 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 /> 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 /> $orrower covenants that Borrower is lawfully seised of the estate hereby conveye<i and has the right
<br /> to mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> warraat 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 /> by bonded abstracter.
<br /> PEOVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree- . . �
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender,or order, the principal sum of ._T�NTY__EIGHT__THOUSAND
<br /> ONE,_HUNDRED_SEVENTY.AND.NO/100-,----,-------_---------77ollars (US $_..._28,_170._00----------------•)
<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....._._April... .................... �..2007 '
<br /> � UN[FORM COVENANTS. BOPIOWE!1'flIICI LC(lC�@i COV0�I8IIt and agree as follows: �� . �.
<br /> 1_ Paymeat of Principal�d Intezest. 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 Mort.gage.
<br /> 2. Funds for Taxes aad Insur�ce. Subject 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 /> Note, until the Note is paid in full,a sum (herein"Funds") equal to one-twelfth of the yearly taxes nnd
<br /> assessments which may attain priority over 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 /> stallments for mortgage insurance, if any, all as reasonably estimated initialty and from time 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 Funds or verifying and compiling said aqsessments and billc. 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 for which each debit to the Funds wes made. The Funds are pledged as additional a
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<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 shall not be liable for interest or dividends on such Funds. " � � ; m
<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 taaes,assessments, insurance premiums and ground rents, shall exceed I
<br /> the amount required to pay said taaes,asaessments,insurance pzemiums and ground rents as they fall due, "
<br /> such eacess shall be,at Borrower's option,either promptly repaid to Borrower or credited to Borrower on �
<br /> monthiy installments of Funds. If the amount of the Funds held by Lender shall not be su(�icient to pay �" ' "
<br /> taaes, assessments,inaurance premiums and ground rents as they faIl due, Borrower shail pay to Lender ° ;
<br /> any amount'necessary to make up the defictiency within thirty days after notice from Lender to Borrower ' =�"
<br /> reqneating payment thereof,or Borrower shall, by an increase in monthly installments of Fundg requirecl.
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in full of all sums aecured by this Mortgage,I.ender shall apply Funds held as a credit
<br /> against all sums due. �
<br />
|