|
1MD1'VlDtuaL
<br />DiJt+ otV SALE
<br />AIPTtONIiL f=tJ7UR~ ADIYANCEB
<br />SAYINGS FUtdD
<br />F071M No. 720
<br />Loan Number._40580__---188-- _ 1--
<br />Type 8=incn
<br />79- ~'~`~`~`~~ MORTGAGE
<br />THIS MORTGAGE, made and executed this ........2p_ ................. day of -..-.....Apray....----.--...-....- A.D.,
<br />15--_. - between the Mort a or, .-..Crai G....Rand.~ad.-Rita..,I.....Hantl_..hus6and.?:+~ ,-,r F., + _-,--
<br />-.-nuu._ttt6li. -lII --LR 81L..osan..L fight _-'-..'----- --.-'.. -.. . -... - °------------- ------ -'.-.'-..'. ---'..........-..........-...........
<br />of .---Ozand._Xslarsd..---..--= County of .............Ilall...._.._......, State of ._-Slebraska _..-., 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 re#erred to
<br />as Lender.
<br />WtTxESSExx: That the said Borrower for and in consideration of the sum of'THIRTZ'_FOUI2_THOIISAND
<br />- -... --
<br />EIGHT HLTZIIAED..ANA.-SIQ/.1.00-r..-.--cr..--°-----r.-r.----.---rr.-..Dollars {US $...34.,.$09..QQ.------.--------..}
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of ..-.._..HzJ.L....._ ................... State of Nebraska:
<br />Ttue Westerly Eleven Fit (Wll') of Lot Hine (9) and the Easterly Forty Paine Feet
<br />(F1+9') of Lot Eight (8) , Block Nine (9) , P'brris fifth addition to the city of Grand
<br />IsL3tu1, Hall Canty; Plebraslra
<br />Toc>:/rHEB with all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stock, and al! fixtures-now or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event ibis
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />.Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br />warrant and defend generally the title t4 the Property against ali claims and demands, subject to any
<br />easements and restrictions listed in a schedule of eaceptaons to coverage in any titfe insurance policy in-
<br />suring Lender's interest in the Property, or {2) attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />P>;04IDED ALWAYS, and these presents are executed and delivered upon the foUawing conditions, agree-
<br />ments and obligations of the Borrower, to-wit:
<br />The Borrower agrees to pay to the Lender, or order, the principal sum of -.'I~i+~'?'1`._FS?TtR-_~1~$AHIT.
<br />34 800 (l0
<br />-----F.Zt~IT..HUNARF.,I2.-APIA-.HQ .1,1)f)------------------.-------.dollars f US $......_..~....... ~...- - ....... •----)
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, an the -.-~-Ste.-._------------- day of ....-.....?'MaY.-----------------------, ~B_2__.,
<br />Uxlt>oxiu CovExAxrs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal sad Ynterest. Borrower shall gromptly pay 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 Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 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 fah', a sum {herein "Funds") equal to one-twelfth of the yearly taxes and
<br />assessments which may attain priority aver 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 />stalhnenta far mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to ~y said _ es, assessments, insurance premiums and ground rents. L-ender shall make no cltarge for sax
<br />h~ulding and applying the Funds or 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 giirpose #or which each debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums secured by-.this Mortgage. The Borrower agrees that the Funds may be held by the
<br />Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br />•. fzem its awn: fumis and tlie-3:eude. shall rtot be liable-for interest or dividends on such Funds.
<br />If the amount of the Fronds- held by Leader, together with the future monthly installments of Funds
<br />,payable prior to the'-.due dates of taxes; assessments, insurance premiums and ground rents, shall exceed
<br />Ilse amount. required to pay said taxes, astseasmenta, insurance premiums and ground rents as they fall due,
<br />` such excess-shall be, at Borrower'sog lion; either gromptly repaid to Borrower or credited to Borrower on
<br />• ~ tuonthly irtstallments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes, assessments, insurance premiuin.9 and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount nece~ary to make up the d~flcietscy within thirty days after notice from bender to Borrower
<br />requesting 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 foil of alI soma secured by this Mortgage, Lender shall apply Funds held as a credit
<br />' against all soma due.
<br />
|