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<br />E
<br />~~- ~ J ~ 3'76
<br />aND(vrDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTUf2E ADVANCES
<br />SAVINGS FUND
<br />Fowrn No. 720
<br />Loan Number_ 3$245 -- 1$$_ _ -_ 1---
<br />TY6e Branch
<br />1VIC~RTGAGE
<br />THIS ft40RTGAGE, made and executed this .__........_.....-_._l~ day of .~-~.~z~<~~~_...._. A.D.,
<br />18. ~.~., between the Mortgagor, ....MARIO_A,_ NiARTTRIEZ_AAiI)..THlNASA-A,..3~L4RTII!~Z.,---II[TS$A~ID..A~A?...
<br />~iIFE JOINTLY AND EACH IN THEIR t%dN RIGHT -----------°--------°---------°--------_---
<br />of ....Grand Island _.._.., County of -.._....H~l.z....._......---..., State of .... Lincolrz.-.,_.-, hereinafter referred
<br />to as the Harrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />'" as Lender.
<br />WrxxtfsssTt~r: t the said Borrower for and in consideration of the sum of ...THIRTY SER_ .,-_
<br />_.
<br />THOUSAND AND NO/....~_--------------------°----°------. -DoL'ars (US 5.. - 3n,0(3.Qs~4)............._}
<br />paid by zsaid Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of .__-.-_~11_,._,-_-_----_.,_-_-, State of Nebraska:
<br />Part of Lots Seven (7) and Eight ($), Block Twelve (i2), John Vaitles Addition; and Part
<br />of Lots Nine {9} and Ten {10}, Block Three (3), Evans Addition, a12 in the City of
<br />Grand Island, Hall County, Nebraska, More Particularly Described as Follows: Beginning
<br />at the Southeast Corner of Said Lot Ten (10), Block Three {3), Evans Addition; Thanes
<br />Northerly Along the Easterly Liae of said Lot Ten (i0}, a Distance of One Hundred
<br />Thirty Two (132.0) Feet; Thence Westerly Along the Southerly Line of an Alley, A Distance
<br />of Seventy Eight (7$.0) Feet; Thence Southerly Parallel to the masterly Line of siad
<br />Lot Ten (10), A Distance of One Hundred Thirty Two (132.0} Feet, to the Northerly Line
<br />of Sixth Street; Thence Easterly along said Northerly Line of Sixth Street, (SEE TsRfIIBIT A)
<br />Tf.1GETAER with all the improvements now or hereafter erected an the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />wafer stork, and all fixtures now ar hereafter attached to the property, all of which, including repla~e-
<br />ments and additions thereto, shall be deemed to ~ and remain a part of the property covered by tl;~-
<br />?~+lortgage; and all of ttte faregaing, tagetlrer with said property (or the leasehold estate in the event this
<br />Mortgage is an 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 />warrant and defend generally the tale io the Praperts= against all claims and demands, subject to any
<br />easements and restrictions lined in a schedule of exceptions io coverage in any title insurance policy in-
<br />suring Lenders interest in the Property, ar f?) attorney's opinion of title from abstract of title certified
<br />by ~^nde,t a=lztrsr~ter.
<br />I'ttovtDr:o Atw~,vs, and these presents are executed and delivered upon the following conditions, agree-
<br />mertts and obtigatians of the Barra~ser, to-uat:
<br />The Borrower agrees to uav to the Lender, ar order, the principal sum of ___-THIRTY_ SIX THOUSA;•i13..
<br />APID iw0/lOt3_°--_----°°----------°----------°---------..Dollars (tiS ~;. 36=000.00 - -- - -}
<br />payable as provided in a note executed and delivered, coneurrenth' hereu~-ith, the final a_vment of principal,
<br />if pat sooner paid, on the .t'~x'st-_ day of - ~.~u== i~~;l.,/!%',-......, 1~- 2
<br />UNYFORM Cnvt;va?v2s. Borrower and Lender cavetiaat and agree as fotlatvs:
<br />I. Payratent of PrinciFai cnd interest. $arrower shall promptly pay when due the principal of and in-
<br />terest an the irdebtedress evidenced b}- tl;e Nate, prepayment and Iate 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 Tuxes and Insurance, Suojeet to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rower shall pay to Lender on the day monthly installments o€ principal and interest are payable ur_der the
<br />Note, until the Nate, is paid in full, a sum (herein "Funds"1 equal #o one-twelfth of the yearly taxes and
<br />assessme,-~ts cvlric;t may 'attain priority aver this \lartgae, and ground rants on the Property, if any plus
<br />one-twelfth of yearly premium insta?tments for hazard insurance, plus one-twelfth of yearly premium in-
<br />stallments far mortgage insurance, if any, all as reasonably estimated initialh~ and from time to time by
<br />Lander on the basis a# assessments and bills and reasonable estimates thereof, bender shall apply the Funds
<br />tca pay said taxes, assessments, instzranc_e premiums and ground rents. Lender shall make na charge far
<br />holding and agpl~dng the Funds ar rerif}=ing and compiling said assessments and bills. The Lender shall
<br />give to the Borrower, without charge, an annual accounting of the Funds showing credits and debits la the
<br />Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br />security far the-suns secured by this Mortgage. The Harrower agrees that the Funds may be herd by the
<br />Lender and commingled-with other funds and the Lender's awn funds and the Lender may pay such items
<br />t"rrim its overt funds and the Lender shall not be liable for interest or dividends on such Funds.
<br />ff the amount of the Funds held by Leader, together with the future monthly installments of Funds
<br />payable prim to tkte dire dates of taxes, assessttrents, insurance premiums gad ground rents, shalt exceed
<br />the amount-requited to gay said taxes; asaessanents, insurance premiums and ground rents as they fats due,
<br />such excess-shall be, ai Borrower's bptioyt,,aither promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held bg Lender shad not be sufficient to pay
<br />lases, assessments, irisuranee premiums arid ground mats as they faH due, Harrower shall pay to Lender
<br />any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br />°equesting payment thereof, ar Borrower shall, by an increase fir monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />Lipon payment in full of all sums secured by this I4Sortgage, Lender shalt apply Funds held as a credit
<br />against all sums due.
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