79004312 - Laserfiche WebLink

Browse

INDIVIDUAL ~~~ DUE ON SALE OPTIONAL FUTURE ADVANCES SAVINGS FUND FaaM Na. 7Zn-479 - __ Loan Number__ 42[386_____ 18_8_____ 1 __ >o~ s,e~« 79w~114312 iV(O ~ T G A (~ E THIS hfORTGAGE, made and executed this .__.... ~___........... day of __~u-.+.y__._ ._._._.._ A.D., 19..E-4-., between the Mortgagor, _.1•Ikchagl_-4,...Cox-and--Ann_.E_._ Cox-,__ husband and wife, _.. - jointly...and--eatIz..i.n..thQir,-own--right-.-..-- ------ - -- - - - - - - -....-... - - -- - ............ of __Gxattd.IsZand--,---_--, 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 consideration of the sum of ..THIRTY-- T1i4USAND - ...... .-);IrfliT-HUNDREp,-AND.-NO(100----------_-----.-------.--c---Dollars (USS.._3.4,800...40---.__.------) paid by said Lender, does hereby mortgage, grant and convey to Iznder, its successors and assigns; the following described property located it the County of ._..-..Hali...___ .._-....__...., State of ATebraska: I,at Seven (7), Block Three (3), in Valley View Subdivision, being a part of the East Half (E?i) of the Northeast Quarter (NETS) of Section 22, Township 11 North, Range 9 West of the 6th P.M., Hall County, Nebraska Tocsrxsx with all the improvement now or hereafter erec±ed on the property, and alI easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profit, n-ater, water right, and water stock, and all fact-ores now ar hereafter attached to the property, aIt 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 covenant that Borrower is lawfully seised of the estate hereby conveyed and has the right io mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend generally the title +a the Property against all claims and demands, subject to any easements and restrictions listed in a schedule of exceptions to coverage in any tills insurance policy in- suring Lender's intermit in the Pmpem-, or (2) attorney's opinion of title from abstract of title certified b_c banded abstracter. PstaVInEn ALWAYS, and these present are executed and delivered upon the foHaa~ng condition_c, agree- ments and obliaaiions of the $errower, fo-wdt: The Borrower agrc~s opay to the Lender, or order, the principal sum of . - T31lRTX._xl?GU.Sd1VD-...._..- EI HT HUNDRED AND tlt7~itlll---------------------- - - -- --- - ----- - - - - - - -- - - --- - -- - -- - Dollars t US S ~Q,.$Q4.-QG - -- _ _ ) payable as provided in a note executed and delivered, concurrently herewith, the final pa}-ment of principal, if ~t sooner paid, an the -...-.----.65t . .. da}• of - _v-i?Y PBi - ?~9 Uxt~oaur Cov~v_+ee^as. 13orrow^er and Lender cacenant and agree as follows L Pspm~at of I>riancipal aced heieresl'. Borrower shall promptly pay when due the principal of and in- terest t,n the indebtedness evidenced by the \ate, prepayment and late charges as provided in the Note, and the printapal of and inter? ca any Future Advances secured b}- ibis 'iiortgage. 2 Funds 3ar 7mzea msd 3nsurmsce. Subjzct to Lendei s option under par8_graphs 4 and 5 hereof. Bor- roocer shall pay to Lender an the day monthly installmen#s of prim-ipal and interest. aze payable under the 4ote, unfit the I`iote is paid in full, a sum {herein "Funds-`) equal to one-twelfth of ?he yearly taxes and asse~ents which may attain priority over this ~iartgage, and ground ten#s an the Property, if any plus ease-tw-elftle of yearly premium inn-tallments for hazard insurance, plus one-twelffh of yearl}• premium in- stailm®ts for mortgage insurance, if ant, all as reasonably estimated initially and Pram time to time by leader ate the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds to pay said taxes, $as-essatents, insurance premiums and ground rents. Ixnder shall make no charge far so holdiaag and applying flee Funds or verifying and compiling said assessments and bills. The Lender shall gismo is t~ Iivrsr-.ar, ~3thout et~rge, as annuli s~ounting a# the Funds shoc~ng rssdits and debit to the Ihtnds and tine purpose Eric which each debit to the Funds was made. The Funds aria pledged as additional security for the stuns sacurerl by finis It#artgage. The Borrower agrees that the Funds may be held by the I.atder and eornmingied with otl~r funds and the Lender's own funds and the Lender may pay such items flora its own funds and the Lender shall not be liable for interest. or dividends on such Funds. If lice amaant ~ the Ftends_leaid by learder, together with the future monihl_v installments of Funds papab~ p;iar is flee dne dates of taxes, its, insurance premiums and ground rents, shall exceed tine amount regttaed to play said ta:ea, agents, insurance premiums and grotmd rent as they fall due, such ezt~ shall tae, at Bcaso®er's option, either promptly repaid to $orrower or credited to Borrower on manthlp instailrnenta of .Funds. I# the amount of the Funds held by Lander steal] not be sufficient to pay lasts, #s, insurance paeminms and ground rents as tbey fall due, Harrower shall pay to Lender any amount >Y to make up the deficietaey within thirty days after notire from Lender to Borrower Te9u~~g payrsz~E thereof, or Borrower small, by an increase in monthly installments of Funds required, repay the deficiency within the Fund accouati~ period. Upon payment in full of all scans secured by this Mortgage, Lender shall apply Fund:; held as a credit against alt sums -doe.