|
< _ r _. --'t
<br /> 1
<br /> 1(+lDIVIDWAL
<br /> DUE +D(Y SALE
<br /> OPTIONAL FUJTURE ADYANCES
<br /> i SAVINGS FUND
<br /> <. . ��L�' � FORM N0.720 . .
<br /> I' u� Loan Number_�6_7L(L___-_TY�t�_-_e���
<br /> 1�
<br /> � .78- I�019 01 M O R T G A G E
<br /> ,x
<br /> ; THIS MORTGAGE, made and executed this l .,...._ day of _.. �,f?-�� ..,..__...._ A.D,, •r
<br /> ; 19.�� between the Mortgagos St.even G, M�.le� �p� y�rn�j.,�,�_,,t_ ,���,,Q.g,,..h.v:gk�n.d._.and..�23f�.. .
<br /> f, Vern W Niemoth.and Inez,T,,,Niemoth,,..husband_ and__c�itg� _jo�fl,�,],y„a3xd._eacki..a�..,theix:.:aWn right, /
<br /> --._•
<br /> ? of._Ft�nant...__ County of....Hall _ State of.He:br�p�.c,a,.........;hereinafter refeaed `
<br /> .. -----• .. .. ..
<br /> < E to as the Borrawer, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> I.INCOLN, 1235 "N" Street, Lincoln, Nebzaska 68501, its succeasors and assigns, hereinatter referred to
<br /> ; j ss I.ender.
<br /> j
<br /> WIz'xEsssrx: That the said Borrower for and in consideration of the sum of_.xHTR�Xr.SIX..TIiQUSAND
<br /> i _ONE„HUNDRED EIGHTY.AND..NQ/100--.-.-.------------r.r.---�ol.ar, (US$-.3.h,1.8.Q�OD.-----_...........) f
<br /> •-�----- . ............. . . . .
<br /> ` paid by said Lender, does hereby mortgage, grant and convey to Zender, its successors and assigns; the �`
<br /> { following descn'bed property located in the County of-----�al�................................ State of Nebraska: � '
<br /> 1 '
<br /> 1�.s
<br /> . . . . t.,�,:.
<br /> F �
<br /> � The Westerly Fifty-six (56) feet of Lot Seven (7) and the �asterly Five (5) fee� '
<br /> , pf Lot Six (6), in B7ock Three (3), in WesterhoF£'s F'irst Subdivision in the F z�s�;
<br /> + Csty of Grand Island, Hall County, Neb�asks. f , , �,�
<br /> 9] � �,,
<br /> ; � F.
<br /> } �x
<br /> � TocerHEx with a11 the improvemente now or hereafCer erected on �he property, and all easements, � �'�
<br /> rights,appurtenances, rents, rqyalties, mineral, oil and gas rights and profi,ts, water, water ri&hts, and k . �"�x,
<br /> � water etock,and ail fixtures now or hereafter attached to the property, all of which, including replace- � �`'
<br /> j ments and additions thereto,shall be deemed tv be and remain a part of the property covered by this p ,i�"
<br /> . ! 11�forEgage; and all ot the foregoing, together with said pmperty (or the leasehold estate in the event this z ��:
<br /> Mortgage is on a leesehold) are hexein referred to a� the "Property". � }-
<br /> Borrower covenants that Borrower is IawfuTly seised of the estate hereby conveyed and has the righE � ,�
<br /> � to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will `c
<br /> warrant and defend generally the title to the Property against all claims and demands, subject to any � '
<br /> � easernents and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- n
<br /> � suriag Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certi6ed � �
<br /> �
<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-wit:
<br /> t
<br /> } The Borrower agrees to pay to the Lender, or order, the principal sum of THZAVT.X.-ST.�..THOIISAND.._... {
<br /> 8
<br /> -QI�__tiIINA�T1.�i�A�_�1NI?.NO/1.QQ----------.----.--_—r..--�ollars (US $-3fi..-7.$O..AU...•-----------------)
<br /> � payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> ,
<br /> j if not sooner paid,on the.------...lat...........day of...-.-----.Apx'i,l.............. ........... �8..29Q7 ' %
<br /> f
<br /> ;j UtaiFoaM Covaxnx�rs. Borrower and Lender wvenant and agree as follows:
<br /> � 1.Paymeat o3 Principal aad Iaterest. Borrower shall promptly pay when due the principal of and in-
<br /> ,-i terest on the indebtedness evidenced by the Note,prepayment and late charges as pmvided in the Note,
<br /> � and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> '£ 2. Funds for Tmces and Insurcmce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> ,� roweF-ahaII pay to Lender on the day monthly installments of principal and interest are payable under the ,
<br /> Note,until the Note is paid in f�ill,a sum (herein"Funds") equal to one-twelfth of the yearly taxes and j
<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 /> atallments for mortgage insurance, if any, all as reasonably estimated initially and fmm tirne to time by
<br /> Lender on the basis of assessments andbills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said t�axes,sssessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> �-� holding and apptying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> # give to the Borrower,vcnthout charge,an annusl accounting of the Funds showing 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 suma secured by thia Mortgage. The Borrower agrees that the Funds may be held by the
<br /> I;ender and commingled with other funds and the Lender's own funds and the Lender may pay such itema .s. ' +^� .:.
<br /> from its own funda and the Lender shall not be liable for interest or dividends on such Funds. -�� -'- ,,.<;;
<br /> ' I#the amount of the Funda held by Lender,together with the future monthly installments of Funds "�' �'
<br /> paYable prior to:the dne dates of taaes,ssa¢ssments> insurance remiums and ' �_-"�
<br /> �w. the.amount P ground rents, shall exceed � `
<br /> required to pay said taxes assessments,insurance premiums and ground rents as they fall due, � a"
<br /> such eacess shall-be,at Borrower's op�on,either promptly repaid to Borrower or credited to Borrower on � '�
<br /> '� montFily';inaL•slla�ents of'Funds. If the amount of the Funds held by Lender shall not be sufTicient to pay ;`� ' ,�; '
<br /> ' ��,-�ee�ee�e�ta,'inearance preminms and ground rents as they fall due, Borrower shall pay to Lender " ,�,
<br /> ^� any amount necessary to make up the deRciency witlun thirty days after notice from Lender to Borrower " „rR
<br /> _,. ...
<br /> requesting payment thereof, or Borrower'shall, by an increase in monthly installments of Funds required,
<br />. -7 - repay the deficiency wiY,hin the Fund accounting period.
<br /> Y Upon payment in fuil of all sums secured by this Mortgage,Lender ahall apply Funds held as a credit
<br /> ,
<br /> against all sums due.
<br /> , �t
<br /> '. _. . _ . I
<br />
|