|
� J �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> �R� OPTIONAL FUTURE ADVANCES
<br /> �■ SAVINGS FUND
<br /> � FowM No.720
<br /> UN��-N Loan Number__35901 — _ 188-__ 1 _ l
<br /> _—_—__—TYOe Bran<� . . ..
<br /> 78- U0249'7 MORTGAGE
<br /> THIS NIORTGAGE,made and executecl this ....................a�day of ........ _ ....�.. .._._......... A.D.,
<br /> 19.7�.�,between the Mortgagor, _......Timp_thy...E._.Enck._and..3herily.n..Enak,.. usbaad._aad._wife�.._.. ;
<br /> .__�_s?�.nt�Y...�.d..�ack►__:[n...xh��.r_.qwn..x.�gla�...._.....---�---•-----��---•--....-•--------��--��--�---...................•--•-••---.....-----•--•-
<br /> of...._G�e3Ad._��.].axld...__...., County of ..............Haa.,7...._.._........,State of._.H�bzaska....._.,hereinafter refeaed °
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 685oI,its succeasors and assigns, iiereinafter referred to
<br /> as Lendea
<br /> WITNESSETH: TFlBt t}1C said Borrower for and in consideration of the sum of...THIRTY..TWO__THOUSAND '��� �.
<br /> FOUR HUNDRED EIGHTY AND NO/100--------------,--------.Dol:ars (US�....._32.,480.00 ---....._.._)
<br /> ...............................•--•-----...-----�----•--............----�-•---�--� --
<br /> paid by said I.ender,does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> following described property located in the County of_...Hall___, , __._.,__.._____.., State of Nebraska: i
<br /> The North Fourteen (N 14) feet of Lot Two (2) and the South Forty-eight (S 48) £eet of
<br /> Lot Three (3), Block Sixteen (16), in West View Addition to the City of Grand Island,
<br /> Hall Ccunty Nebraska, AND a tract of land in the Southwest Quarter of the Northeast
<br /> Quarter (S4�NE4) of Section 17, Township 11 North, Range 9 West of the 6th P.M., Iia11
<br /> County, Nebraska, more particularly described as £ollows: Beginnin� at a point on the
<br /> West line of said Southwest Quarter of the Northeast Quarter (SWuNE—+�) and its junetion
<br /> with the East prolongation of the South line of the North Eourteen lN 14) feet o£ Lot
<br /> �ao (2), Block Sixteen (16), in West View, an Addition to the City of Grand Island, Nebraska;
<br /> thence rur3ning North on the West line of said Southwest Quarter (SEE ATTACHED EXIiIBST A)
<br /> . TOGETHER WItIl 8u tll6 improvements now or hereafter erected on the pmperty, 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 attached 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 /> 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 4'
<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 /> PROVIDED ALWAY3� and these presents are executed and delivered upon the following conditions,agree- � � ..
<br /> ments and obligations of the Borrower, to-svit:
<br /> The Borrower agcees to pay to the Lender, or order,the principal sum of..T�iR?Y T�'��.THQUSADJA-.. �
<br /> --...._..._
<br /> .�S2JJ�i..HII�AA�A_EIGF]TY.AND,NO/100-----------.----_-----.Dollars (US$•--�2_,.4$Q.tUQ--•................)
<br /> payable as provided in a note executed and delivered, concurrently herewith,the final payment of principal,
<br /> if not sooner paid,on the......-•----lst.------._ day of-------•.---May------------------------..,R9.20Q7
<br /> Uxisoans Covsxnrrrs.Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Priacipal�d Interest. Borrower sl�all promptly pay when due the principal of und in-
<br /> terest on the indebtedness evidenced by the Note, prepayment and late chnrges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Fuads foz Taxes �d Insur�►ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> mwer 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 and
<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 initially and from time to time by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funda
<br /> to pay said taxea,asaessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and cornpiling said assessmen�g and bills.The I.ender shall i
<br /> give to the Borrower,without charge,an annual accounting of the Funds sl�owing credits and debits to the ;.
<br /> Funds and thepurpoae for which each debit to the Funds was made. The Funds are pledged as additional
<br /> security for the auma secnred 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 ahali not be liable for interest or dividends on such Funds. � :`
<br /> If the.amount of the Funds held by Lender,together with the future monthly inatallments of Funda
<br /> payable prior:to'the due'dates of taae�, assesements, insurance premiums and ground rents, shall exceed �
<br /> the amount required to pay said tsaea,assessments,insurance premiums and ground rents as they fall due, '
<br /> such excess sball`be,aE Borrower's option,either prornptly repaid to Sorrower or credited to Borrower on n , -*
<br /> monthly installments of Funds. Lf the amount of the Funds held by Lender shall not be sufficient to pay �
<br /> taxes, assesements, insurance premiums'and ground rents as they fall due,Borrower shall pay to Lender .
<br /> any amount necessary to make up the defic3ency within thirty days after notice from Lender to Borrower
<br /> requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency wnthin the Fund accounting period.
<br /> Upon payment in full of all sums secured by this Mortgage,Lender stiall apply Funds held as a credit �
<br /> against all surns due.
<br /> �
<br />
|