|
4.,,-../ ti Q,'~'""~~~u'~p ~~f.~ ~f~~~t~~ 1E1~'f~~'d~4~w~'
<br />~~"~'.'~am~`~oa+ a` Jt S~ayf 1~1s•T.CJ f'~1 t! L~
<br />'~ iowr~ HG, ?20-479 _
<br />Loan t+]umber__41615---~-18R-------I-
<br />79--' t.3 4 i~~~~ ~/I d R T~ A G E
<br />'1'lilu iYIOKTGAGE, made and executed this _.._..-13...--....._...--- day of .-.------s?w-y.---.--- ...----. A.i~.,
<br />15...-77., between the Mortgagor, _.._-Larry,-D-,- Hobbs.- and-_L=.nda-i~f,_.iinbbs-,- husband--and_ wi e,..----
<br />.- jointly_a.d each in_their, own right .
<br />of ....Grand.Island ...., County of -.....Hall.-----------------_, Ststeof __..N~btaska----, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAJINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 685t!1, its successors and assigns, hereinafter referred to
<br />4 as Lender.
<br />GVtTxESSa2'x: That the said Borrawer for and in consideration of the sum of ..-F;ak°LX.-EIVE.-TfdQAS6ND
<br />_-hvTi+1S..sl[IHDIdEit-.A.'Ip..;f0114i3..--.--r..--c--.--------c--.---r.-=-Dollars (US S..-~5,9QQ.f}.Q....- -. _....__)
<br />psid by said lender, does hereby marigage, gram anu convey w Lenuer, iia au~eeaau[5 &,-,d a~:s.:s; t:ri-
<br />following described property located in the County of .......-.Hall_..__..__.__.__., State of Nebragia:
<br />All of Lot One (I), in ualley View Second Subdivision in the City of Grand Isla-~i,
<br />Ha21 County, 23ebraska, excepting therefrom the Westerly Sixteen and One FiHIf (IS'~)
<br />thereof.
<br />TocE'rz7Ea wth all the improvements now or hereafter erected on the property, and all easements,
<br />rights, appi:rtenances, 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 additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />~fartgage: and all of the foregoing, together with said property (or the leasehold estate iaz the event This
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Borrower covenants that Borrower is lawfully 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 u~ll
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring Lender's interest in the Property, or (2) attorney's oainion of title from abstract of title certified
<br />by bonded abstracter.
<br />Panvtos~3 A r wayg, and these presents are exee~=tad and delivered upon the following conditions, agree-
<br />:nents ar.d oblvgations :,f the Borrower, to-w:t:
<br />ar v FI ~ 'T'urvx wrm
<br />.........3.ic Lrxsr:csw..a ~grce~ ts7 Yay tts the Lender, ar e?rder, ti;e pi2n~Ipa;iSiicii of ri'r'1'i. . .. .................
<br />I,i~~ zl~4islsFwu ASu ii j'Itl~`i °~-,. -----_-_____~_______-_~O'ar5 (L1.1 S -~S ~~~•~~ )
<br />payable as provided in a note executed and delivered, concurrently herawi*,.h, the final payment of principal,
<br />if not sooner paid, on the -- ...ls ----------- --- day of -.----.--..-August-------..- -._._, >~ 200,9
<br />Uxt>~+~xat C'OVEIr'RNTS. Borrower and Lender covenant and agree as follows
<br />1. Payment of Principal and 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 provided in the Note,
<br />and the principal of and interest on any Future Advances secured by this Mortgage.
<br />2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 5 hereof. Bor-
<br />mwer shall nay to T_anr3ar nn the clay mnnthl}.:nc#allmnn+c of nrinrinal anal in+nraC+. AYP TW VAIIIP lnl(If'r i.l?P
<br />:Vote, until the Note is paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br />assessmen±s which may attain priority over +.his 141ortgage, and ground rents on the Property, if ans• plus
<br />one-twelfth of yearly premium installments for hazard insurance, plus one-Twelfth of yearly premium in-
<br />stallments for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br />Lender an the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to pay said taxes, assessments, insurance premiums sad ground rents. Lender shall make no charge for so
<br />la?lding -nd appl;'ira the Funds cr verif,•ing and compiling saifl. a>ise_ssmeats and bills. The Lender shall
<br />give is the Borrower, ::^thout charge, an annual accounting of the Funds showing credits and debits to the
<br />Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br />security for the sums secured by this 14fortgage. The Borrower agrees that the Funds may be held by the
<br />Lender and commingled with rsther funds and the Lender's awn 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 Bte amount of-the Funds held by Lender, together with the future monthly installments of Funds
<br />payable prior to the- due dates of tease, sgsessments, insurance premiums and ground rents, shall exceed
<br />the amount required. to pay -said tease, assessments, insurance premiuns and ground rents as they fall due,
<br />such excess shall be, at Barrawer's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly ins#allments of Funds.. If the amount of the Funds held by Lender s1saIl not be sufficient to pay
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />ary amount necessary to rriake up the defeiene~ within thirty days after notice from Lender to Borrower
<br />requesr~ng payment tiiereof, or Borrower shall, try an inereaa= m monthly installments of Funds required,
<br />repay the dafieieney within the Fund accounting period.
<br />Upon payment in #udl of all aur~,s seMir?*_1 by this trot-t~agP, ~ndnr shall apply Funds _h_eld as a credit
<br />against all sums due.
<br />i,_
<br />
|