|
<br />
<br />ag-- ~)l.i~4~'
<br />tNDlVIDUAL
<br />DUE AN SALE
<br />flPTIflNAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FQRM Na.720
<br />Loan Number_37437____y 188
<br />_ zyce_____eranin
<br />M O R T G A G E
<br />THIS MORTGAGE, made and executed this ...............1~............ day of .__....~r~h................_.. A.D.,
<br />1$-._.ZR., between the Mortgagor, ..William-E...Dalrymple..and..-Tan,f,..L...Dalxymp].e.,-. huabaAd..aAd..wi£e,
<br />. jagntl3c_ancl_each..in..thefr.. aian..rfight.:-------crr..-:--r.-ccrrrs---r..c-rr..-°-cr..c-----------°--.....°------
<br />of Grand..2aland...-.._....., County of .-Hai] ............................> State of hIehxaska_...._..., hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />P3[rhgsssrK: That the said Borrower for and in consideration of the sum of .THTA~X_NIN.B..~OLISAND
<br />~IO.=HLINDBED..AND.NOJIUQ..rr-.--rrr..--rr..-.c--r.-r-crr..---r...._Dollars tUS ~.3~.,.2Q9...UQ------------------•-)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property Iocated in the County of .......Hal.7 ......................._...-, State of Nebraska:
<br />Lot Seven {7), Ross Heights Second Subdivision, Hall County, Nebraska
<br />TIXi$TxER with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil ar:d gas rights and profits, water, water rights, 3
<br />water stxk, and all :,xtures now or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shalt be deemed to be and remain a part of the property covered by this
<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 />warrant and defend generally the title to the Property against all claims and demands, subject tk any
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's interest is the Property, or (2) attorney's opinion of title from abstract of title certified
<br />by Bonded abstracter.
<br />Paovzoso ALwnvs, and these presents are executed and delivered upon the following conditions, agree-
<br />ments and obligations of the Borrower, to-wit:
<br />The Borrower agrees to pay to the Lende., or order, the prineigal sum of ..xfiS~~X-NZ~'..T#I.UIISAND.
<br />.'IkiO-.HUND&ED..A3alB-.N011Q0..--.a--r.-r---.--rrr.-r-r..c--rr..-rr----Dollars (L7S `X39,2.OQ.Q4........-_..-..--..--)
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the ----------1st.-----...-. day of ...._.__._-April....-.-.._.--......, lac---~o08
<br />Urrtt~oxnq CovFSraxTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest. Borrower shall promptly F°t• when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment and ]ate charges as provided in the Note,
<br />and the principal of and interest an any Future Advances secured by this Mortgage.
<br />2. Funds for Taxes and Insurmtce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br />rower shall pay to Lender an the day monthly installments of grincipal 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 w-hieh may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br />s#allments for mortgage insurance, if any, all as reasonably estimated initially and from time i:o time by
<br />Lender an the basis of assessments and bills and reasonable estimates thereo#, Lender shall apply the Funds
<br />#o pay said faxes, assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br />holding and applying the Funds ar verifying 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 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 sect3red by this Mortgage. The Harrower agrees that the -Funds may be held by the
<br />Lander and commingled with other-funds and the Lender's own funds and the Lender-may pay sorb items
<br />from its own funds and the Lender shall not be liable for interest or dividends on such Funds.
<br />If the amount of the Funds held by header, together with the future monthly installments of Funds
<br />payable-prior to the due dates 6f taxes, 9se,essments, insurance premiums and ground rents, shall exceed
<br />'flee-amount required to pay said fazes, srrtenf~, insurance gremiums and ground rents as they fall due,
<br />such esc shall be, at Bormaer's option, either gramptly repaid to Barrow$r or credited to Borrower on
<br />monthly installments of Fur:ds. If the amount of the Funds held by Lender shall not be sufRcisnt tv pay
<br />faxes: assessments, insurance premiums-and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount necessary to-make up the de$eieacy within thirty days after notice from Lender to Borrower
<br />requesting payment thereof, or Borrower shall, by an increase in monthly installenenta of Funds required,
<br />repay the defreiency witl-an the Fund accounting period.
<br />Ugon payment in full of all sums secured ny this Mortgage, bender shall apply Funds held as a credit
<br />against all sums due:
<br />
|