|
INDIVIDUAL {�
<br />DUE ON SALE
<br />OPTIONAL NAL FUTURE ADVANCES �+��
<br />FIRST 001903
<br />r SAVINGS FUND
<br />f ■ ra. • FoRM 1,113- 720-4711
<br />L ry Loan Number 42705 — 199 —
<br />i C O R R E C T I V E _ _ _
<br />M O R T G A G E
<br />In order to co r 8 c5 tthe legs
<br />Document No. 7x— 053 73. -- 11L 4.40H mortgage n on t e mort filed August 20, 1979 as
<br />DAIS MORTGAGE, made and executed this 15th
<br />19...... -.. ttetw n th ort or Joseph D. Martin and Ann Aa t n, April
<br />of
<br />jointly an ea¢hn eii otaii 'right... _ ....._ husband and wife A.
<br />Grand Island ..
<br />Hall'---.. _
<br />County of . ... .
<br />to as ... the Borrower and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, I235 "N" Street, Lincoln, Nebraska 68501, i
<br />as Lender. successors succeors and assigns, hereinafter referred to
<br />WITNESSETH: That the said Borrower for and in consideration of the sumo TWENTY T140 THOUSAND
<br />AND NO/ 100----- - - - - -- ----- -- --------------------- of
<br />Dollars paid by said Lender, does hereby mortgage, grant and convey, to bender, itssuccesso 22 000 and assigns; the
<br />_..)
<br />following described property located in the County of ....Hall
<br />SEE ATTACHED EXHIBTT "A" State. of Nebraska:
<br />TMETHER 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
<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 proprerty for 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 unencurnbered, and that Borrower will
<br />warrant and defend generally the title to the Property against, all c.lailns and demands, subject to anv
<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 ALWAYS, and these presents are executed and delivered upon the following conditions, agree-
<br />ments and obligations of the Borrower, to -wit:
<br />The $ortower agre+w to pay to the Lender, or order, the Zirine ipal sum of
<br />AND NO /100_______ __ TWENTY TWO THOUSAND
<br />if not sooner provided in a notefxecuted and deli�errd,�oncurrEntly herewith, t' he fi�t�tt �,O0m-0.0., f Irincipal)
<br />if not sewner paid, on the
<br />- day of epEem er'
<br />19
<br />UNIFORM COVENANTS. Borrower and Lender covenant, and agree as follows:
<br />L Payment of Principal and Interest. Borrower shall promptly pay when clue 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 \lortg:tge.
<br />2. Funds for Taxes and Insurance. Subject to Lender's option Under partgraph•s I and : hereof, Bor-
<br />rower shall pay to Leader on then day monthly installnu>nts ul' principal and interest are payah!e under or-
<br />Note. until the Note is paid in full. a sum (herein "Funds ") equal to one- twelfth of the yoarh' taxes and
<br />a- ne- twelfth which may attain priority over this Nfortgagc, anr! grotmd rerlps on the Property, if anv plus
<br />one - twelfth of yearly premium installments for hazard insurance, plus one- twelfth of yearly premium in-
<br />s .-nder on for basis a insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lc:ndyr on the basis of assessments and bills and reasonable estimates these c,f. i c +ndee shall ❑pply' the Funds
<br />ley said taxes, assessments, insurance premiums and around rents. l sender shall make nu clu,rgo h.,•
<br />holding and applying the Funds or verifying and compiling said assessments and hills. The Leader shall
<br />give to the Borrower, without charge, an annual accounting of the Funds showing ctbilk, and debits to tall
<br />Funds and the purpose for which each debit. to the Funds was made. The Funds are pledged as additional
<br />sc�crurity toe the sums secured nay this Mortgage 1,e>nder and cornminp led with other funds shed the hr rider's own funds and the• Lender rosy pay sorb items
<br />page• The Borrower agrees that. the Funds may he held by the
<br />from its overt funds r +rid the fender shniI not he liable for interest nr dividends on .such Funcis.
<br />If the amount of the Funds held by l cri der, together with the future mnnthiv installments of Panels
<br />then le prior to the due date, of taxes, assessments, insurance premiere's and gnmild rents. shall exceed
<br />the amount required to pay said taxes, a!+'4c8sraent.4, insurance premiums and ground r,'nts as they fall :Jae,
<br />such excess shall IN!, at Burrowers (I t.ion. either promptly repaid lu Burrower or credited fo Bori-mver on
<br />rnonthll rnatal Ills, is of fncep !f the nn (I r of the Funds held by Lender .,hall nut br• .uiacicnt In tu,t
<br />taxes, avYea.wments. ry to peeouu,os an <1 ground rent:; av rhey fall rtes, Fturr,nyr r shr,ll p,ay to Center
<br />sexy amount nev es as ry Iu make top the rleticiencv within thirty dny' after holies
<br />re•querting pr +yrncnf Ihercnf. r.r Iprnruwer .,hall, by an n thirty ut numlhl': ina;e
<br />repay the defiri, n'} within tine Fund t,crncutttnd: proriurl. frnrn I.onder t.. ftonower
<br />Ilrrcnh• •.f Fund • rr,tuu'ed.
<br />I I'° n Ir ".nrent in *,r•rurcd by this 11urr a,r 1.,•n:! <•r
<br />,,i ,�.un; -. der
<br />Innd, h"ld:I ;r rcdil
<br />h
<br />
|