|
_ � �
<br /> INDIVIDUAL
<br /> DIJE O!V SALE
<br /> �R�' OPTIONAL FUTURE ADVANCES
<br /> � r
<br /> ' SAVINGS FUND :
<br /> Ta �� FORM N0.72O . - .
<br /> .'� uNC�.N Loan Number___36214__—_188__—__1_ ,
<br /> . �� � � Troe e..ncn
<br /> ; 78- C}�2851 M O R T G A G E
<br /> - ;
<br /> ` THIS MORTGAGE,made and executed this .........._��.............. day of . .._......_.��..�.'�/......_.......,.... A.D.,
<br /> 19_�...,between the Mortgagor,._.�bert_V.__Legene._and._Darlene_,A.,.Leyenes._husb�Pd..�Ad_.Fr:L.fe,
<br /> jointly and each in_their own ri�htz
<br /> � •-----•.... ................. ----�-- -- -------�- ---------....-----•----••---------�----------..._..._
<br /> " ; of _._....Grand Island � County of ..... _...Hall State of..Nebraska...__.._ hereinafter referred ' '
<br /> - --....-----•-�-�
<br /> to as the Bonower, 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 /> ' !
<br /> � as Lender.
<br /> 3 WiTt�EssETt;: That the said Borrower for and in consideration of the sum of..TH=R.T.?C__NINE__THOUSAND
<br /> : , AND NO/100----------------------------------------Dol:ars (US�..39,000._00_..----- : ':
<br /> ..--•--�---....--•....................�•-�-----�-•--•-----.....----_........._....----•------...----•----- ----�•---�
<br /> ; ; paid by said Lender, does hereby mortgage, grant and convey to Lender, its succeasors and assigns; the
<br /> ; � following deacribed property located in the County of..._._.....__.Hall ., State of Nebraska: ;t;
<br /> , 2 Lot Twenty-nine (29), Block One (1), of Knickrehm Second Addition
<br /> to the City o£ Grand Island, Hall County, Nebraska.
<br /> i
<br /> T�
<br /> Toce�rHea with all the improvements 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 s ` �!
<br /> water stock,and all fixtures now or hereafter attached to the property, all of which, including replace- z e
<br /> ments and additions thereto,ahall be deemed to be and remain a part of the property covered by this y
<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
<br /> �' wartant 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 /> ; auring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracten
<br /> i PxovtaEn Ar,wnYs,'and these presents are executed and delivered upon the following conditions,agree-
<br /> j ments and obligations of the Borrower, to-wit:
<br /> :i:
<br /> �; The Borrower agrees to pay to the Lender, or order the principai sum of _..THIRTY NINE_7730USAND
<br /> AND.NO/100--------------------------------=-----Dollars (US$_39,000._00...--�---•-----�--� `
<br /> ....... ...............................•-•-----•-�---....._.._..------•-----•------•---�--------...----�•---
<br /> ;
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> s if not sooner paid,on the ........S.st...... ...... day of...............June....................., 1$�c.2Q07 +, "
<br /> � UNIFORM CovExnrr�rs.Borrower and Lender covenant and agree as follows: - �
<br /> ;' 1. P ent of Princi 1�d Iaterest. Borrower shall
<br /> terest onath indebtedness evidenced b the Note, p �mptly pay whengdue thP principal of and in-
<br /> i y pre a ent and late char es as rovided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Fuada for Tmces aad Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor
<br /> tower ahall 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 /> �; asseasments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> ,.r one-twelfth of yearly premium installrnents for hxzard insurance, plus one-twelfth of yearly premium in-
<br /> � atallmenta for mortgage inaurance, if any, all as reasonably estimated initially and from time to time by
<br /> Lender on the basic of as.4ecsments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> ;, to pay said taxex,assessments,insurance premiums and ground rents. Lender shall make no char�e for so
<br /> holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall
<br /> :� g�ve to the Borrower,without 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 sums secured by this Mortgage. The Borrower agreea that the Funds may be held by the -�c-�.
<br /> .<. Lender and commingled-with other funds and the Lender's own funds and the Lender may pay such items � �;
<br /> from ita.own funds and the Lender shall not,be liable for interest or dividends on such Funds. � � -
<br /> : If the amoant of the.Fnnds held by Lender,together w*ith the future month2y installments of Funds '""" ;
<br /> ; �yab�le�'pnt r to the due dates o£tasea,assessments: insurance premiums and ground rents, shall exceed
<br /> ui re4uired to pa.y said taaea; assessments,insurance premiums and ground rents as they fall due,
<br /> " �-
<br /> � �`
<br /> e� such eacess.shall_be;at Borrower's optzon; either promptly repaid to Borrower or credited to Borrower on �x" �«�
<br /> ��, monthly;;installments of.Funds.,_If the.amount of.:the Funds held by Lender shall not be sufficient to pay , :� �a;A.�
<br /> x• taxes, sesessmerits, ineurance preminms and;grouad renta as they fall due,Borrower shall puy to Lender
<br /> :� any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> ,� requesting payment the�vf, or'Borrower-shall,.by an increase in monthly install:aents of Funds required,
<br /> a
<br /> .y repay'the deficiency wnthu�the'Fund accounting:period.
<br /> = Upon payment in full of all.sums secured by this Mortgage,Lender shall apply Funds held as a credit I
<br /> ; against,all same due_ J
<br /> �:.;,,�. ... _ _._ . .. ..v , _ . ,
<br /> I
<br />
|