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� �
<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> ��'T : OPTIONAL FUTURE ADVANCES
<br /> �'� �■ SAVINGS FUND
<br /> � ''� . � FORM N0.7EO � " ':,
<br /> � u�N Loan Number___36382__— 188 — 1
<br /> � . . . . TYDe—'--'Br�nch . �
<br /> � 98� 003044 MORTGAGE
<br /> ' THI3 MORTGAGE,made and executed this ........................./.qday of ..�.?�.._.f. A.D.,
<br /> � 19.7�_.:;Between the Mortgagor, ....�bert..A.,Hoffa..and.Linda .K.__Hoffa,_._hus.11and_,and_.wife.,._,._. ' }
<br /> � ,.,jointly_.and.each_in,_their..own__right_,.. _________ _______ __ _
<br /> , . _.....-•- --------- -----•--• •---•--- --�--.._..---
<br /> _..
<br /> ' op_._,.._.Grand.,Island:__,_ County of ... .._._Hall . Stateof..Nebraska_._._...�hereinafter referred
<br /> .......-----•-•--�.
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> ; � LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter refened to
<br /> as Lenden
<br /> ; WITNES.4ETH: T}IAt t}Se said Borrower for and in consideration of the sum of ....T.�+?�NTY.SIX.THOv$AND
<br /> ` ; FIVE, HUNDRED FIFTY AND NO/_100-.-----------------------�al:ars (US$---26.,550 00----
<br /> � ................•-----•-------��--
<br /> .. -•- -•- - � -•-- --• ----�-----) ;
<br /> paid by said Lender, does hereby mortqage, grant and convey to Lender, its successors and ar,signs; the
<br /> t following described property located in the County of_.�11..... ......_ ._..., State of Nebraska: �
<br /> ; � Lot Four (4), Block Forty (40), Charles Wasmer's Addition to the City
<br /> < F of Grand Island, Hall County, Nebraska.
<br /> f
<br /> � :`�;
<br /> . � TOCETHER Wlttl all the improvements now or hereafter erected on the property, and all easements, .
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and pmfits, 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,ahall be deemed to be and remain a part of the pmperty covered by this
<br /> ; Mort a e; and all of the fore oin to ether cvith said ro ert
<br /> ¢ g 8 g g, g p p y (or the leasehold estate in the event this '
<br /> Mortgage is on a leasehold) are herein zeferred 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 /> i; 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 I.ender's interest in the Property,or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> i� PHOVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree- �. �
<br /> ments and obligations of the Borrower, to-wit:
<br /> The Bortower agrees to pay to the Lender,or order, the princi al sum of .T�?�ENTY SIX THOUSAND_.._
<br /> �I �IVE__HUNDRED_FIFTY,_AND--NO/100-.-----_.--.—.----------Dollars (US$..26,550_.00...... .........)
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final payment of principal,
<br /> � if not sooner paid, on the---...._..._...._.�t.. day oF-----dune.....--�.. ..........._.._, �}Q..2pp3 =;
<br /> Ui.nFosn[ Covsrrwxzs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Pzincipal�d Intereat. Borrower shall promptly puy when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxea�d Insurmice. Subject to Lender's option under paragraphs 4 and S 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 "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 msurance, plus one-twelfth of yearly premium in-
<br /> atallments for mortgage insurance,if any, all as reasonably estimated initially and from time to time by
<br /> Lender on the basis of asaessments and bills and reasonabte estimates thereof,Lender shall apply the Funds
<br /> " to pay said taxes,asses.sments insurance premiums and ground rents_ Lender shall make no charge for so
<br /> , � holding=and applying the Funds or verifying and compiling said ass�smen�s and bills. The Lender shall
<br /> ( give to the Borrower,without charge,an annual 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 „r. �
<br /> �; security.:fos the sums secured:by this Mortgage. The Borrower agrees that the Funds may be heid by the ��-"�"
<br /> ', Lender and comtningled with other funds and the Lender's own funds and the Lender may pay such items
<br /> i `from its.owu �funds and the Lender shall not be liable for interest or dividends on such Funds. �� ?
<br /> 1 if the amount of the Funds he18 by Lender,together with the fixture monthly instaliments of Funds �
<br /> r payable.prior to the due'"dates o#tages,'assessments, insurance premiums and ground rents, shall exceed � ,
<br /> the amaunt required topa y said taxes,assessments,insurance premiums and ground rents as they fall due, a; ,� �
<br /> j such.exEees sI�all.be,at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br /> s monthly,,inatallments of Fuads, If the amount of the Funds held by Lender shatl not be suf&cient to pay 4� s� �,.:!;,.,�`
<br /> taaes,assessmente, insurance premi�uas and gmund rents as they fall due, Borrower shall pay to Lender
<br /> any amount neceasary to make up the deficieacy within thirty days after notice from Lender to Borrower
<br /> requestirig payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br />" ' repay.the deficiency within.the Fund accounting period.
<br /> Upon payment in full of all.sums secured by this Mortgage,IRflfjPi 9}IR��APP�V FUtI(Ia}1PIl�HC A CTP(jtt �
<br /> � $$S3IlSt�S��Sl1II18.C�116. . .� . . �
<br /> �
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