|
� _ �
<br /> ,,... ,,_,,
<br /> I�Ia1VIDU'AL �
<br /> � DUE ON SALE
<br /> ' OP'EIONAL PU`I`UF2E ADVANCES
<br /> d �L SAVINCyS RWND
<br /> � �. Forer� No.72U �
<br /> ; IR� Loan Number,--__�5829_�__,18_8 — 1_ .
<br /> . � . . � TY� _...�_B�.anc� �
<br /> ' 78.���2Y2f
<br /> i M O R T G A G E
<br /> ;
<br /> f , - -
<br /> i THI3 MOF2I'GAGE,made and executed this ....................��claY o� -.�'�� -----... A.D.,
<br /> ' 19.�t.�,between the Mortgagor, ,.Gerz�..C...Sec]c,..a.siny3.e-.persan.and.8u ..M___E�ank.,.a..siagle
<br /> ', ...person.•-.�Qint�y..anB..sc:v.erally..and..�acla..ia_.thes.r..ar.m..r�.ght......._................••-----..-------.....--•-•-•-...
<br /> ' of_...Gr,�ad...�sZarnd..._..._., �onnty of.............Ha21...._.._....-,-.,StaCe of_.�iebrasxat.--.--..,hereinafter referred
<br /> Go as the Borrow,er, and' the Mortgagee, FIE25T FEDE�2AL SAVIN'GS AND LnA,N P►SSOCIATION OF
<br /> LINCOLN, 2235 "IV"Street, LincoTrt, NeFiraska fi8,5n2, its successors and xssigns, herei-natter referred ttt
<br /> '
<br /> aa Tznder.
<br /> �
<br /> ,-,' �WITN.E33ETH� That the said Borrower for and in consideration af the sum of.F'P.R�...1'h(QrIS.&i�(11..�'O.F7R �'� ' , ;',
<br /> � HC7IVD�D.AND.NP1100._.,:.. �----__ . _...::.�ol.ars �L�S$...4Q...�QR...O.Q. ................) (
<br /> . ...................., .. ._.... _...,.... --
<br /> �; paid 6y said I.ender,does hereby morEgaRe, gratyt and ronvey bo Lender, its successors and assigns; the
<br /> , ;;
<br /> ',� followinp, described propesty located in the Count3•of ---------------Ha,�:Z.----..,.._........., State of Nebrat�ka: ; . ;
<br /> A traet of land compri.s�ng the Westerl.y Ninety-one (91) feet of Lot Fifteen
<br /> (15), Fairacres Dai:ry Subdivi.sion si�uatefl irx the Southwest Quarter (SW,�—�) of
<br /> � Section 1�, Township 17. North, Range q GTest •of the 6th P.M., i.n Hall County,
<br /> i Nebraska. '
<br /> #
<br /> �
<br /> t
<br /> TocETxE$ wi�h all the irnpaovernents now or hereafter erected pn the pmperty, anil ali essemenCR,
<br /> ? rights, appurtenances, aents, royalties, mineral, ail and gas rights and pmfits, water, water rights, and ' ""
<br /> water stae.k, and. aU fixtures now or hereafter aEtached to the propesty,; all of which, includfng replaCe-
<br /> � ments and additions thereEo,shsll be deemed to be and remain a palrt c�f t'he property covered by this
<br /> •�; lylortgage; an<i all of the foregoing, tagetlier with said pmperCy (or the leasehold estate in,the event this
<br /> � Mortgage is on a 'lesaehald) ate herein seferred to as the "Praperty". _
<br /> � Borrower covenants that Bonower is lawfully seised of the estate hereby conveyed and has the rigl�t "
<br /> � ta mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will ;:
<br /> ,� warrant 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 /> ;� PspvinEu ALWAY3, and these presents are executed and delivered upon the followiag conditions,agree-
<br /> :: ments and obligations of the Borrower, to-wit: j`
<br /> � The Borrower agrees to pay to the Lender,or order, the principal sum of .�RTY_.THOUSAND__�'Q{I�__,
<br /> � llU_PpREl?..AND_N01100------.-----------------------------Hollars (LT$$--..40�400 O.Q.------�-�----•-� ,
<br /> � payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> '� if not sooner paid, on the -�-�---..1:�...._.._ ...day of---... ...April.-----�-��-------------> l�-2pp7 i
<br /> i .
<br /> � Uxtroant CovFar�xTs.Borrower and Lender covenant and agree as follows:
<br /> ; .
<br /> L Baymeat of Principal�d Interest Borrower shall promptly pay when due the princ3pal of and in-
<br /> '3 terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> f
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> � 2.Funds for Taxes�d Imur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof,Bor-
<br /> rower ahall pay to Lender oa 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-tweltth of the yearly taxes and
<br /> assesamenta which may attain priority over this Mortgsge, and ground rents on the Property, if any plus
<br /> .� one-twelfth of yearly premium installments for hazard msurance, plus one-twelfth of yearly premium in-
<br /> stalIments for mortgage insurance,if any,all as reasonably estimated initially and from time to time by
<br /> , Lender on the basis of assesaments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> � to pay said tsaes;asseasments,insurance premiums and ground renta. I.ender 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 showing credits and debita to the
<br /> Eunde aad the.purpose for which each debit to the FY�nds was made. The Funds are pledged as additional
<br /> security for the sums secured by this Mortgage. The Borrower agtees that the Funds may be held by the
<br /> � - Lender and commingled with-other funds and the I.ender's own funds and the Lender may pay such items -ryc. � '
<br />;� from its own funds and tI�e Lender shall not be liable for interest or dividends on such Funds. �, �
<br /> If the amount of the F�nde held by Lender,together with the future moathly installments of Funds ''"' �
<br /> payable prior bo the due dates of tases, assessmenta: insurance premiums and ground rents, shall exceed � 4.,,ti•
<br /> th�amount required to.pa y said taaes,8ss�easments,insurance premiums and ground rents es they fail due, �,, s
<br /> �� such,eacess,shall.be,at Borrower's option,either�pmmptly repa�d to-Borrower or credited to Borrower on S
<br />�'' monthly installments of.Funds.,If,the,amount o f the Funds h e ld by Lender shall not be au�cient to pay (r<'� � e
<br /> u� taaes,assessments,insurance premiums and grounti rents as they falI due,.Borrower shall pay to Lender ,;-a- .=w'y�'
<br /> ,r any amouat neceseary to make up tfie de8ciency within thirty days after notice from Lender to Borrower
<br /> requesting paymeat thereof, or Borrower ahall, by an increase in monthly installments of Fands required,
<br /> '� repay the deficiency within the Fimd accounting period.
<br /> Upon payment in full of all sams secured by this Mortgage,Lender shall apply Funds held as a credit
<br /> againet all suma due. �
<br /> � _
<br />'.'t..
<br />
|