79002634 - Laserfiche WebLink

Browse

t iNDiV1DUAL DUE ON SALE OPTIONAL FUTURE ADVANCES SAVINGS FUND ^^ ~~~~yy++//~~~~/ FORM No.729 i.~fR.VaJ~ Loan Number__41143___ _:~a-" -e.~~~ ~~-Ut~2634 MORTG~4GE THIS MORTGAGE, made and executed this .._._..~.7_.......-._.. day of ....._ .___-C A.D., . - - ...- .. _ 19_-3q,between the Mortgagor, ....Fredrick_A,-- Kreider„zn~- Bar>,ara_A._-Kr, i~er,. husband __.-and. wife.,. jointy-.and. each in their own right, ._ .. .--- _, -.. , ....... of __.Grand..Islausi........., County of ....-Hall _--..-. -..-.., State of Nebraska _...., hereinafter referred to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to as Lender. WITNESSETH: That the said Borrower for and in consfderatian of the sum of -.. THIRTY-ONE.---__--_-. .....THOUSAND-_AND..NO/IGO----------------------------'-.---.Dollars (USA-31-x000.00.--.-.....---------) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the following described property located in the County of ........-Hall__-_--.---._..-....-..., State of P7ebraska: Lot One (1), in Block One Hartdred Thirty Ttoa (132) of Koenig and Wiebe's Addition to UYand Island, Hall County, Nebraska TOGETHER with all the improvements now or hereafter erected or. the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, all of which, including replace- ments and additions thereto, shall be deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this Mortgage is on a leasehold} are herein referred to as the "Property". Borrower covenants that Borrower is IawfuIly seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and demands, subject to any easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified by bonded abstracter. PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, agree- ments and obligatiors of the Borrower, tQ-wit: The Borrower agrees to pay to the Lender, or order, the principal sum of ..TflIitTY-..ONE-THOIIBAND--. ._...,AND.,NOJ100-°°---.----------.--.---------------------Dollars (US j.311000..00_ - __ ......) payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, if not sooner paid, on the ......_-lst __..---.. day of ........_-_biay..- ... _..._.------.., 3~4..2pD4 iJNiFORM CovENAN'es. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and interest. Borrower shall promptly pay when due the principal of and in- terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, and the principal of and interest on anv Future Advances secured by this kiort.gage. 2. Funds for Taxes and Insurance. Subject to Leader's option under paragraphs 4 and 5 hereof, Bor- rower shall pay to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in- stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds to pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge far so holding and applying the Funds or verifying and compiling said assessments and bills. The Lender shall give to-the Harrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the bender and commingled with other funds and the Lender's own funds and the Lender may pay such items fmm its own funds and the Lender shaA not be liable for interest or dividends on such Funds. If the amount of the Funds held by Lender, together with the futuze monthly installments of Funds payable prior to-the-due dates of rases,-assessments;- insurance premiums and ground rents, shall exceed the amount required to pay said teats, assessments, insurance premiums and ground rents as +_hey fall due, such: excess-shall be, flt' Borrower's- opti9n, either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay taxes,. assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower requesting, payment thereof, or Borrower shall,. by an increase in monthly installments of Funds required, repay the .deficiency within the Fund- accounting period. Upon gayment in full of all sums secured by-this Mortgage, Lender shall apply Funds held as a credit. against all. sums due.