|
INDIVIDUAL
<br />DUE ON SALE
<br />~' OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />^ . FORM No- 72~-479 -
<br />Y Loan Number__41Z41___-_1$$___-_>____
<br />Typp 8.anc~
<br />79- ~tl~3'7$ M O R T G A G E
<br />THIS ~~IORTGAGE. made and executed thts .__ _ 1_.. . -.._- day of .._.. t,~r.~.e-. __- A.D.,
<br />19.~fr-.-., between the ?41ort.gagar.I?arren-_I), Thot~.son and Grace. E Tho~ps n, .husband and tff fe,
<br />_-.. _..
<br />,~stitttly._aad...each...itt..iki~3.r_ot~tt_.xi.8ht -- --------- -_._. __.._ ._.___..__....._...... .
<br />of ..t~ansl._Ia].amd..--------> Caunty of ._--AaZL .-.....-._..._-.-> State of .-Neb_z•aska. - . ,hereinafter referred
<br />to as ±he 13ar_mwer, and the \inrtgagee, FIRST FEDERAL SAVINGS AN'D LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska fiSS01, its successors and a~cigns, hereinafter referred to
<br />as Lender.
<br />SVt•r?v~sszirx: That the said BorroR•er for and in consideratian of the sum of .FIF'~Y.NX"lE-Tt;QUS,AND
<br />EIGHT..Iiil>yAREI)-.FIk'~.,A*IU_NOL~90-.-----.------.--------rr.. Dailars tUg 5-59,850xt?Q,--- _ _ .-- -)
<br />paid by said Lender, does hereby mortgage, grant and concec to Lender, its surc~ors and assigns; the
<br />follaaing described property located in the County of ... -..I;a21 . ... .... .. .. .. .State of Nebraska:
<br />tn}. Ci /(.1 T.. Ai c},,,,., tin ,. i-.~ ']~.~t C..L-a~_.a ..
<br />w- ++~.+ ~ i a +... ssi ~a.v f. sac i~aai~ cuu uuuuiviaiari Rall l.V lliity, :YCOia~S1C3
<br />ToceTHea vc~th all the improremenis now or hereafter erected or. the pmperty, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, ail and gas nigh#s and profits, water. water rights, and
<br />water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br />znents and additions thereto, shall ]ae deemed to lac and remain a part of the pmpertc catered by this
<br />?Mortgage; and all of the fcregaing, together cc~ih said property ±or the leasehald estate in the event this
<br />!Mortgage is an a Ieasehold) are herein referred io as the "Pmpeny".
<br />Borrower covenants that Borrower is lau-fulh• seised of the estate heretic cronr•e~-ed and has the right
<br />to mortgage, gran# and convey the Property, that the Property is unencumbered, and That 33ormwer will
<br />warrant and defend generall}- the title to the Property ac -in:t all claim and demands, subject #o any
<br />~sernents and restrictions listed in a scheelule of exceptions to crocerage in an}• [tile n.,ttrance policy in-
<br />suting bender's interest in the Pmpert}, or t ~' i attorney': apu:ian of title fmm abstract of title certified
<br />Ity handed abstractez.
<br />P~rtat,<n Aicrars. and tht.e press-rt, art execu#ed and delivered upnn t:he following , on~itians. agrae-
<br />ments and obligat_o~s a# fire Borm+ver, #o-u;t:
<br />The 13arrawer agrees to 3~` to the Lender. or order. il:r principal ,um of FIFI'X NI.IZE xIi(?USAND-_
<br />EIGHT, Ht}ND1tED--FIFTY AND tat)/3.00___.---..--------------Ik.llar= ~t-•:54,$50.40-.. )
<br />payable as pmride~t in a tsate executed and {frli~.-.*ed. ~•~>n~ vrrcn,ll hrreuitlt. the final pa}•ment of principal,
<br />if sot sooner paid, on the . BiYSt ds~ of ,lone . SH Zt3p9
<br />t`xteoxax CcrtTexn.~-rs. Berrawer and Lerdfr :.-sve^.ant and agn~ as folks.-:
<br />1_ I~QY°-mot ssf Pr',ncr'+a' std ixsferes-t, Bc.r_.ri~er slZaii ptc:.nptiti pa', when due the principal of and in-
<br />terest on the indebtedne„ eyr~nc•rd ha thc- Nt,tr, prc-pa~-trent anti ;ate charges as protaded in #}re ?dote.
<br />acd the prix-zc~ipal of and int=rest on an~~ Future A;iran;r <e.•ured b} this _lortgage.
<br />~ Fzmdc floe Traces amd Lssuz~ce. ;+ubiert to Lender's option under paragraphs d and 5 hett~f. Bar-
<br />ttrw+er shall pay to Lender an the dad morthl} installn~ert; of principal and irterest are payable under the
<br />Nate, until #ine Nate is paid in full, a sun: ~ herein "Funds-'s eyuel u; one-twelfth of the yearly iaxe anti
<br />aase3stttent_c vrhich mar attain pziorit~s over taus lionga{e. and ground rent_c on the Pmpzrty, if an} plus
<br />orte-ttirelfihjat yearly premium irsta,Imeatts for harard inc~~rance, plus one-twel#th of 4early premium in-
<br />a#allrrxnts ,ar martgagc irvsurarrce, if any, all as reasonahh ~titrxatetl initially and from tirnr to time by
<br />lender on the bads of a -~*+w+ts and bill and r•tasnnable estimates thereof, Lender shall apply the Funds
<br />to w= ~.:d tax,, a`st~nzrnts. insurance Fmmiurw and ground rents. Lender sha13 make no charge for ..r,
<br />}xtlding and applying the Funds or verif3-ing and crrmpiling Said assessments and bills. 'The Lender shall
<br />t w t#re Burrower, a~itlrout charge, an annual accounting of the Funds showing credit, and debits to the
<br />Funds and the purpose for which each debit to the Funds was made. The Funds are pledged a. additional
<br />aerunty for the ausn-z secarrr-d by this I~lortgage. The 33orrower agrees that the Funds nxar• be held by the
<br />I.eattfer and t'eas'-rninglEd Frith ai}ter funds and the lender's own funds and the I~nder rani pay such items
<br />franT its awn funds and the Lender shall riot t>e liable for intt ar div-idendm on such Funds.
<br />If tl•~ amoezert of the Funds held by Lender, #ogether with ttre future monthly installments of Funds
<br />pafxlsla prior to the due dateR of razes, asatts, insurance premiums and ground rents, shall exceed
<br />tlxe amount r'd4>~ #o pay said hazes, aseesantents, fnsurance premiums and ground rentns as they fall due,
<br />such exoass s#sall be, at 13ort+awer/'s option, either promptly repaid to Borrower or credited to Borrower on
<br />rrronfhly installments of Funds. If the amount of the Fund> held by Lender shall not be sufiricient to pa>•
<br />t~~> e~e.~rnents, mstrrance pretrdttma and ground rents as they tall due, Borrower shall pay to Lender
<br />any amotmt. necessary #a make ap the de5ciencw within thirty days after notice fmm Lender to Borrower
<br />zexlueating 1~)'ment thereof, er l~rzrow?* ,:}~, ir.. a:. .^r~asc ir. a -`hl--
<br />repay the defieienca+ witltin the Fttnd accountin ' `°"' y tnatalknrents of Funds ratuired,
<br />g period.
<br />Upon payment in full of all earns secured by this Mortgage, bender shall apph• Funds held as a credit.
<br />against all sutras due.
<br />
|