|
i
<br />t ~--`_._- ..-~
<br />f
<br />1
<br />' INDMDUAL
<br />DUE ON SALE
<br />~ OPTIONAL FUTURE ADVAtiCES
<br />° 1 SAVINGS FUND
<br />FaeM Na. 720-479
<br />Loan Number__!±2277 __- 188'- I
<br />---a,-----a„n~~.
<br />79--~i!72c~ P.AQRTG~AG~
<br />THIS MORTGAGE, made and executed this __...... may..-......... day of ..._-..._........_....... A.D.,
<br />19..,79_., between the Mortgagor, .. Thomas-_D., Maxon. and_Joan.-M,-..Maxon,-, nub--and..and,_--_.----,-__....
<br />wife, jointly and--each in their. qwn right,.- --- - --- --
<br />of Grand Zsland_-____ County of __. Hall-__-------------------~ State of .Helsraska--_.--_., hereinafter referred
<br />to as the Borrower, and the Mortgzgee, FIRST FEDERAL SAS INGS AND LOAN ASSOCIATION OF
<br />' LINCOLN, 1235 "ITT" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />~tTxesseTx: That the said Borrower for and in consideration of the sum of . TidENTY--ALINE-Tk10USAND
<br />_..'fWQ_IIUNAItF,D.-A#A..NO1100-.r---r-r------.----------------Dollars (IIS S_29.,200.OII.-...----------- -)
<br />,.,, _,o.
<br />paid by said Lender, does hereby ta,o. gala, s.ant and ~.,.. _, t^ rte.^.3s- ;f= s„rrPCanrc and assierts: the
<br />following described property located in the County of .. -..... Rall ._ -.-_..-.._...- , State of N"''t,raska:
<br />South One Half (S?~) of Lot Six (6) in Block Two (2) and the North One Half (N'~) of
<br />*..ot Seven (7) in Block Twa(2} in First Itrtistic Ho>ces to the city of Grand Island,
<br />Hall County, Nebraska, excepting therefrom the trar_ts of land more particularly described
<br />in the return of appraisers, recorded at Book 21 at Page 625 in the Office of the Register
<br />of Deeds, Aall County, Nebraska
<br />Tocszttsa with all the improvements new 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 all fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments and adaitions 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 this
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Borrower covenants that Burrower is lawfuIly 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 to the Property against all claims and detnancls, snbjeet to any
<br />easernsnL=, a d =estr=ct;::ns listed in r. sc hedule of e€oepfions to cove age in any titlo in=urance palicy i.,
<br />surine Lender's interest in the Pro_aert_v, or (2} attorney's opinion of title from abstract of tiile certified
<br />by bonded abstracier.
<br />Paovtoeo ALWAYS, and these presents are executed and delivered upon 'the foilovring conditions, agree-
<br />ments arci obligations of the Borrower, to-wit:
<br />The Borrower agrees to pay to the Lender, or order, the principal sum of '1~'»Y. NINE_T#4USAND...
<br />_TWO_HUNDRET)_ANI)-.NO/100 ---------------------.------..Dollars (L?S 8.29,200.,.00_._.-.-_._---.)
<br />payable as provided in a pole executed and delivered, concurrently herewith, the final payment of principal,
<br />if not sooner paid, on the ..-...... First--.._ day of ...... August.--.-._._..._.-.. _ . , 1j~ .2009
<br />L'xaroatt CovevartTS. Borrower and Lander covenant and agree as follows:
<br />I. payment of Isnncipal <md Interest. Borrower shall promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, prepayment and late charges as pmetded m the Note,
<br />and the principal of and interest on any Future Advances secured by this Mortgas.
<br />2. Funds for Taxes and Insuranas. Subject to Lender's option under garagraphs 4 and S hereof, Bor-
<br />rower shall pa}° to Lender an the day monthly instaiLmerts cf principal and interest are payable under the
<br />Notz, until the Note is paid in full, a sum (herein "Funds-") equal to one-twelfth of the yearly taxes and
<br />assessments which may attain priority over this &fortgage, and ground Bents on the Property, if any plus
<br />one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br />stallments for mortgage irsurance, if any, all as reasonably estimated initially and from time to time by
<br />I~nder on the basis of assessments and bills and reasonable estimates thereof, Lender ,shall apply the Funds
<br />to pay said taxes, assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br />holding 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 coedits and debits to the
<br />Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as a~ditional
<br />security for the sums secured by this Mortgage. The Borrower agrees that ~he 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 />from its own funds and the Lender shall not be liable for interest or dividends on such Funds.
<br />If the amount of the Funds held by Lender, 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 />-the amount mquired to pay said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such exce~ shall be, at Bot"?nwer's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by T..,ender shall not be sufScient to pay
<br />Yaxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount. neea.aary fn make un the deSetencv within thirty days after notice from Lender to Borrower
<br />requesting p ; ;mot th~r~f, or lorrowes sl-,ail, ~y a,-t ~oivase i-t monthly installments of Funds required,
<br />repay the defic:e ncy rt::lrr. the Fund a~-~~rt~ng period.
<br />upon payment in full of alt sums secured by this IOfortgage, Lender shall apply Funds held as a credit
<br />against alS sums due.
<br />
|