|
<br />Le1R.~
<br />79-- €~~~534
<br />iND1V1DUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ABVANCES
<br />SAVINGS FUND
<br />FORM NO. 720
<br />Loan Number__ 40981___-_ X88___-_ 1_ __
<br />roe s,a~~n
<br />M O R T G A G E
<br />,, ,
<br />THIS't10RTGAGE, made and executed this _ .-.._..~>'_.__.___. day of ..._....._ A.D.,
<br />19-..Y.--, between the Mortgagor, .....E1gin..I.....Gowiovech--and .Sharron. L,...Go.4flavr;ch...husbazxd....._.
<br />_--and--wife -._joinLl_~~ ard_ each.. in._their own-,_right,_____,____-_ .- .__ „
<br />of ..__Grand_Island.. __ ., County of ..Hall .... __.____ .._., State of ._~ielzraska..-_ -, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS ANB LOAN ASSOCIATION OF
<br />= LINCOLN, 1?35 "N" Street, Lincoln, Nebraska GGSOl, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />P4'tzx~erx: 'T'hat the said Borrou-er for and in consideration of the sum of _ £4RTk-SLS:_ THQLiS.~a'D
<br />_vZWE, liL?tv?JRED ~'vD_ VO/1~0---------- ---- ----_---Dollars (L`S 5.45.404.44_.. __ ..)
<br />- _.....
<br />peal by said Lender, does hereby mortgage, „rant and com•ev to Lender, its succes.ors and aseigns; the
<br />following decsrrihed ptvperty located in the County of ..-Hall .__ ,State or Nebrnska:
<br />Tot Eight (8) , BZocic 'Three {3) , PTeasazit View Seventh Subdivision to the city of
<br />Gk~td Isiffid Ha11 Cmgity,Nebraska
<br />fiot;r°frxEa with all the improvement? nnw or hereafter erected on the property, and all easements,
<br />rights. appurtenances, rents, royalties, mineral, oil and gas rights and pmfi#s, water, water rights, and
<br />rater s#ock, and alt fixtures new or hereafter attached to the praperty. aTl of which, including replaee-
<br />meats and additiors thereto, shaL'• tYe deemed to he and remain a part of the propert}- covered by this
<br />1Sortgage; and all of the foregoing. Together u-ith said property (or the leasehold estate in the event this
<br />~dartgage is on a leasehold 1 am herYin referred to as the "Propem~ '.
<br />Borrower covenants that Berrouer is lawfull}- sei_ced of the Mate hereby com-e~ed and has the right
<br />W mortgage, grant and cxim-ey the Pmpert}~- that the Pmperry- is unencumbered, and that Borrower wilt
<br />earraat and defend generall>- the title to the Property against all claim. and denn•inds, subject to env
<br />easements and restrict#ons listed in a schedule of esceptiors to coverage in an}- title insurance policy in-
<br />suring Lenders interest in the 1'raper*,y, or t^; attorney's apinian of title from abstract of title certified
<br />by banded ab-,trarter.
<br />Ptrc~vtoi:n ALCCa1's, and these prc-~nxs arc execu*,ed and delivered upon the following zrondit#ons. agree-
<br />ments and obligations of xhe Barrouer, to-u-it:
<br />T'ne Borrower agrees to pa+ to the Lende_*, or order, the prmcipa} sum of F.pRTT-SIX TA9USA*ID
<br />:s`Sh"E 1ID.c"IiRF,l? A`~ 1yt3%1.O;r-------------------'Dollars (t`S ~ .4{t-.9-QQ.40 l
<br />pavabie a_s provided in a torte execuxec1 and deli'-reed, concurrently h-et•eu-ith, the final payment of principal,
<br />if tioz sooner paid. or. the -,,,. ~' day a# .. _ ~n-tTMue?' DH-'JOa
<br />t'wrrctau Cctrsv.a>;rs. Bnrma-er and Lender.oyensnt and aeree as fallow.:
<br />I. Payment of Prac•ipai cord Interest. $atzouer :hail promptly liati when due the principal of and in-
<br />tzrest an the indebtedness e;deneeii by the- Zntr, prepai-ment and late charges as pr<nided in xhe Note,
<br />and the prnripal of and intermit on anti- Future Advances ~r•umcf h~ .his \Inrt._age.
<br />2 Funds `mr Saxes and lntstnmice. jttnjet-t to bender: option under paragraphs -4 and :~ hereof, Bor-
<br />m~°er snail pay ixs under an the da> mantlil~ in_;tallment-; of principal and interest are parable under the
<br />Notes untal the ?4oie i, paid in foil, a Burn therein "Fund:"} equal to one-twelfth of the ~-early tare.: and
<br />assessments w-hieh mat attain priorit} aver this \Sor.gage. and ground rent. on the Property. if and- plus
<br />one-tu-rifth of yearly premium in=talltrrntc [r_,r hazard insurance, plus nnr_tcre':fih of iearlj- premium in-
<br />stalL'nents foz mortgage instytxnce, if anc, all as reasonahl} tstimafed irtitialh' and from time to time b:•
<br />Lender on the hhasis of assc~-sments and bills and rcawnable estimator thereof, Lender shall app]v the Funrls
<br />to pies sand zsxes, ac_crwc,,,ents, instrance premiums and ground renta. Lender ,}tali make nu charge far ut
<br />hold~g aad applying the Funds or verifying and rampiling said assessments and hills. The Lender snail
<br />give to the Borrower, n3thant charge, an annual accounting of the Funds shauing credits and de}»ts to the
<br />Funds and the pmpore tar Riiiclt each debit to the Fund. was made. The Ftmds are pledged as additional
<br />a^e~mty far the stems aecured b}• this ?iorgage. The Borrower agrees that fhe Funds mac• he held br the
<br />Lender and commingled with other #unds and the Lender's own fluids and the Lender may pa>' such item,
<br />fr+rnn its oan funds and the Lender shall not be liable for interest or dic•idends on sorb Funds.
<br />If the amount of the Fonda held by Lender, together with the fittwe monthly installments of Funds
<br />payable prior to the due dates of tales, meats, insurance premi.uns and ground rent;,, shall exceed
<br />the "~"'nt regt3rred to pay said ,__...., ta`, insuranae premiums and grntmd rents as they fall Sue,
<br />sueh •escESS shall be, at Borrower's opt5an, either promptly repaid to Borrower or credited to Borrower un
<br />monthly installmen#a of Fnnds. ~I the amount of the Funds held by Lender shalt not be sufficient #o pay
<br />fazes, acawemw,~ Insurance premiums st_d ground zen#s as they fall due, Burrower shall
<br />any amount n pay to Lender
<br />ecessary to make up the deficiency within thirty days after notice frrim Lender to Harrower
<br />guesting payment thereof, or $mzower shall, by an increase in monthly installments of Funds required.
<br />repay the de5cieney within the Fund accounting period.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall apply Funds held as a credit
<br />against all sums due.
<br />
|