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� �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> ' �R�' ` OPTIONAL FUTURE ADVANCES
<br /> �■ SAVINGS FUND ',
<br /> � . S' ��FonM NoJ20
<br /> V� Loan Number__35613 __-_TY�88—_el^cn � ,
<br /> 78-002436 M O R T G A G E
<br /> �
<br /> THI3 MORTGAGE,made and executed this..------.--•��...._......_ day of ......�,_l�..R14---....---•--.... A.D_, :
<br /> is_�8..:_,between the Mortgagor,._Mark__E.,,.Janulewicz,_and.Elaine.,L,.,Ja�ul,�w�.,���_.}�p�kalAd..,3md
<br /> wife= ,jointly,__and..each in their own right, .,.,_.___ ...............__.__..._........__.
<br /> ...._..._ _....-•--------------••-• -
<br /> of_... Grand Island.._.._, County of-----. .. _Hall ..._. State of ..Nebras,k�... ,hereinafter refeaed � � '
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAI.SAVINGS AND LOAN ASSOCIATION OF ,
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lenden
<br /> � SIXTY FOUR TIiOIISAND ; _
<br /> WITNEASETH: T}l8t t� said Bonower for and in consideration of the sum of........................................ , �
<br /> FOUR HUNDRED AND NO/ �0----------------------------- , 64 400.00 _
<br /> _.---....................................••-•-•-----.....----..._.......------...-•-----..__....--------...._....Dol.ars �US$.------.�_......---...._..._..._._......_)
<br /> paid by said Lender,does hereby mortgage, grant and convey to Lender its successors and assigns; the '
<br /> following deacribed property located in the County of .................. Hali .._.._.., State of Nebraska:
<br /> Lot Five (5�� Block One (1), Normandy Estates, an Addition to the City of
<br /> Grand Island, Ha11 County, Nebraska.
<br /> �3
<br /> � TOCETHER W1tY1 Hll t}l0 improvements now or hereafter erected on the property, and all easements, r�
<br /> rights,appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and Y
<br /> water atock, and all fixtures now or hereafter attached to the property, all of which, inclu&ng replace- , x?
<br /> ments and additions thereto,shall be deemed to be and remain a part of the pmperty covered by this % 4
<br /> Mortgage; and all of the foregoiag, together with said property (or the leasehold estate in the event this +
<br /> Mortgage is oa a leasehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right �
<br /> to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will r
<br /> wa;rant and defend generally the title to the Property against all claims and demands, subject to any `
<br /> easements and reatrictions listed in a achedule of exceptions to coverage in any title insurance policy in- i
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> Paovinsn Ar,weYs, and these presents are executed and delivered upon the following conditions,agree- i
<br /> ments and obligations of the Borrower, to-wit:
<br /> l
<br /> The Borrower agrees to pay to the I.ender,or order,the principal sum of_.S IXTY__FOUR_THOUSANp__, ; ;
<br /> FOUR AIINDRED AND NO/100-------------------_----.-.---�ollars (US$.....64,400.00 .......-•-•---) ; ''
<br /> ..-------...----•--..__..--••-•-•••••...............•---•--••--•--•----•--�•--••--�-----•- ••---•-•
<br /> payable as provided in a note executed and delivered,concurrently herewith,the Snal payment of principal,
<br /> if not sooner aid,on the---------1s�--••-•---•- �y°f---------�--... ...---�� `:
<br /> P pqa3r................. . a�--P007
<br /> Uxir�oeM CovExnrrTs.Borrower and Lender covenant and agree as follows:
<br /> 1. Paymeat of Principal�d Intereat 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 prov�ded in the Note,
<br /> and'the principal of and interest on any Futnre Advances secured by this Mortgage. -
<br /> 2. Funds for Taxes and Inaur�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"Funde") equal to one-twelith of the yearly taxes and
<br /> assessments wtvch may attaia priority over this Mortgage, and ground rents on the Pmperty, if any plus
<br /> oi�e=twelftli of yearly premium installments for hazard �nsurance,plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance,if an�, all as reasonably estimated initially and from time to time by
<br /> Lender on the basis of a9sessments and'bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said taaes,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funda or verifying and compiling said assessments and bills. The Lender shall
<br /> give:to the Borrower;without charge,aa anaual 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 this Mortgage. The Borrower agrees that the Funds may be held by the ;
<br /> .,.
<br /> Leader and commingled with other funds and the Lender's own funds and the Lender may pay such itema '
<br /> ; .:' fiom;its,owa funds'and the I.ender ahall not be liable for iaterest or dividends on such Funds. ';
<br /> � , Zf the,aa►ount of the Funda held by Leader,togethe;with Lhe future monthly installments of Funds � �
<br /> payable prxoz:to the:;due dates of taaes,.sesessments, insurance premiums and ground rents, shall exceed 1
<br /> t1�e;;e�moua�requSred topa y seid tas�,asseasments,insurance premiums and ground rents as they fall due, � ;
<br /> sncli•eacees;shall�.be,at Borrower'sioptioa,either pmmptly repaid to Borrnwer or credited to Borrower on � w•;
<br /> mori f d�I j r:i n�L•a ll m en t s o f,F un ds.-Z f;t he amoun t o# t he Fun ds h e l d by L e n der s ha l l no t be su f fi c i e n t t o p a y ,�,,. ,;
<br /> tazes,asseasmenta; inaurance premi�s and ground rents as they fall due, Borrower shall pay to-l.ender --�.�-�
<br /> any.amounC':necesea"ry to make up:the deficuency within thirty days after notice from Lender to Borrower
<br /> reqvestmg;payment thereof,,or Boirower aTiall,by,an increase in monthly installments of Funds required,
<br /> sep�y ttre�deficaency.ivithin"the Fund acconnting period:
<br /> Upon paymenf3n full of ali sums aeccired by this'Mortgage,Lender shull npply Funds held ns n credit �
<br /> - against all suma due.
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