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F
<br />85- '001903
<br />21. Future Advances. Upon request of Borrower, Lender, at Lender's option, prior to release of this
<br />iVlortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall
<br />he secured by this Mortgage when evidenced by promissory notes stating that said notes are secured hereby
<br />except that the interest rate on the entire unpaid balance and the term of the original loan, to the extent
<br />permitted by law, may be adjusted as the parties hereto may agree. At no time shall the principal amount
<br />of the indebtedness secured by this Mortgage, not including sums advanced in accordance�)]�rewith to pro-
<br />tect the security of this Mortgage, exceed the original amount of the Note plus US $ .........................pr
<br />PROVIDED, HOWEVER, that prepayments of principal, as provided for in paragraph 22 that follows are
<br />returned to Borrower or are made absolute non - withdrawable principal prepayments prior to advancing
<br />sums as permitted within this paragraph.
<br />22. Savings Fund. Borrower may make prepayments of principal on any installment due date or
<br />immediately preceding said date to be effective on the due date following and prepayment shall be applied
<br />to installments last to become due under this mortgage. Upon request of the undersigned or either of
<br />them, provided a default does not exist and they or one of them are the owners of the mortgaged property,
<br />the lender agrees to furnish to the undersigned or either of them One Hundred (100) percent of such prin-
<br />cipal prepayments and shall pay said amount requested by either party to the party making such request
<br />for said principal prepayments, unless advancement is prohibited by the regulations of chartering and super-
<br />visory authorities then in effect or unless one of the undersigned has requested, in writing, that said funds
<br />not be disbursed, in which case it will require both signatures of the undersigned before a disbursement
<br />can he made or until otherwise advised in writing by the party making the request for nondisbursement
<br />of said funds. All such advancements shall be. secured by this mortgage in the same manner and effect as
<br />if no prepayments had been made.
<br />23. Release. Upon payment of all sums secured by this Mortgage, Lender shall discharge this
<br />Mort without charge to Borrower. Borrower shall pay all costs of recordation, if any.
<br />idiiieation. Upon
<br />regtrements as set forth in request of borrower, lender, at lender's option, has conditionally waived the
<br />of said mortgage provided that the burro er'comptie.�w thx}itSSrespon responsibility asof t e paragraph oven 4
<br />and #5 of the Uniform Covenants acknowledging that the lender has conditionally waived his option under
<br />Para iah #2. A breech of this covenant will then activate paragraph #18 "Acceleration; Remedies,"
<br />Modification. Borrower acknowledges that lender, at lender's option, has stricken
<br />,, instrument paragraph #21 "Future Advances" and by so doing, the borrower acknowledges snthat said rparae
<br />graph is null and void, and has no effect in this mortgage instrument.
<br />IN WITNENS WHEREOF, the Borrower has executed this Mortgage.
<br />J sgph Martin
<br />— Borrower
<br />Inn A. Martin — forrower
<br />Property Address Route 4, Box 86, Grand Island, Nebraska 68801
<br />STATE. of NEBRASKA Hall
<br />County ss:
<br />On this 15th day of April_ , 19 85 before me, the undersigned a tiota v
<br />Public in and for .aid Count, I>ersonalIN came .. Joseph D. Martin and Ann A. Martin, ltusbanr�"
<br />and wife
<br />1vrsonally known to me to be the identical persons whose names are affixed to the above and foregoing
<br />instrument, as mortgagors, and each acknow1ed a �g ir(,1 Inytr �ttt to be his or her voluntary act and deed.
<br />Witness my hand and notarial seal at. - Gr n� Ls an Q ebraska
<br />t date last above written.
<br />Afy Commission expire : 11�1g11MIt�tIhU +�
<br />Notar
<br />- ^. S. O, WOLF u )lic•
<br />7. f lklN
<br />STA'L'E OF �
<br />County
<br />ss.
<br />Entered on numerical index and filed for record in the Register of needs Office of said County the
<br />clay of 19 , at o'clock and
<br />and recorded in Book of Mortgages ges at )age nlinulc's 3f.,
<br />6 R I , as Ltstrunx•nt No.
<br />Reg. of Deeds
<br />By
<br />When recorded to be mturned to flit,
<br />F1115'T FEDERAL SAVIN(,S AND LOAN ASSOCIATION OF 1•INCOp,N
<br />�� n.f,inus M,
<br />l;t5 No ('other (it'd • t.mu,111 P0 no■ 5004, Lmcaln Ne •68.`105
<br />2101 lies 42nd St , P p Hur 62;T Clrnaha, No
<br />IFtI l WOO 2n. 6t , G"Ind 11.1,1 ... 6N 106
<br />tit) 1 Wabt 2nd tit Cr end 1al;uui, Nr, h•9R01
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<br />r +4 44 ;.t
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