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<br />ttdD-VIDUAL
<br />DUE fJN SALE
<br />'OPTIL'JIVAL FUTURE ADVAWCES
<br />SAVIh1GS FUND
<br />FORM No. 720-479
<br />loan Number___42761 - 188 - 1
<br />----------------
<br />True are~ch
<br />79-..J ~~~~ ~.~ M O R T G A G E
<br />THIS MORTGAGE, made and executed this __.....,G,.~.........._.... day of .._,~u.yu~.~..._....-... A.D.,
<br />19._.Z.~, between the Mortgagor, -_-Carol J. Gass,, a single_.person, -----
<br />of _.-Grand Island County of __....Hall State of _ Nebraska _ ,hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />' LINOOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />`XSTxt;sstsTx: That the said Borrower for and in consideration of the sum of ... T[dEhITY..EIGET_.THQUSAND
<br />._..__.FOUit-_HUNARED_AND. NO/100_ --------.------.---rr--cr--Dollars (US $.28.,-4DD..OD_ ...................)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County of ...-.lld1Z...._....._ _---..-..._-_., State of Nebraska:
<br />Lot Four (4), Block Fifteen (I5), Ashton Place, an Addition to the city of Grand
<br />Island, Hall County, Nebraska
<br />TO(:F'rHF.R with all the improvements now 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 />., menu and additions thereto, shat! 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 tl,a 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 unencurrtbered, and that Borrower will
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<br />e~r~mer:f=~: and rt~;trictittns listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />suring I,~nd€r's interest in the Praperty, or i2} attorney', opinion of title from abstract of title mortified
<br />by bonded abstracter.
<br />i'ir~rvtaan AZw~vs, and these presents are executed and delivered upon the following conditions, agree-
<br />monts and ohiigatians of the Borrower, to-w•it;
<br />The Borrower agrees to pay to the Lender, ar ortltar, the principal sum of I'FIENTI EIGHT THOUSAND
<br />- .~~
<br />__.FQLII ??Lirvpt,aH AhD NGrJ100 -__.. -___ ___~.~_____..__~illars {['S 5-28,tel30.,Q{i )
<br />payable as provided in a note executes! and delivered, concurrently herrawith, the final payment of principal,
<br />if not. sooner paid, on the , Mkt day oC Septc`mber }cgs ?QtaQ
<br />Uxteoam t'.ovr.xn~vrs. B«rrower and Lender covenant and agree as follows;
<br />1. Payment of Principal trod Interest. Borrower shall promptly pay when due the principal of and in-
<br />terest on the itrclebtadness evident-t r; by tht Eote, prelaayment and isle charges as pmvidE~€! in the Nate,
<br />and the principal of anti intert~st on env Future Advanr•es secured by this Mortgage.
<br />2. Funds for Tuxes and Insurance. Subject to Lender's option under paragraphs 4 anti ~+ iu~reot, Bor-
<br />rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br />;dote, un#il the Note is paid in foil, a sum (herein "Funds") dual to out-twelfth of the yearly taxes and
<br />ae~sessments which may attain priority over this IvtartEage, and ground rents on the Ptc,perty, if m,y l,l~!a
<br />one-twelfth of yeariv premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br />atallments 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 try said taxes, assessments, insurance pi-en~iums and Around rents. Under shall m~kr no charge far s-n
<br />balding and applying €he Funds or verifying and coninilin~ ~d ,a.,,en#s ,end h;llc 'i'hn 1~nd_~r shall
<br />glue tsi the Bsrrmwer, without charge, an annual acrnunting 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 erne plEdged as addrtianal
<br />security for the sums secured by #his Mortgage. The Borrower agrees that the Funds may tee held by the
<br />Lendez and ~mmingled ~c1th other funds and the Lender's own funds and the Lender may pav such items
<br />from its awn funds and the Lender shall net be liable for interest or dividends on such Funds.
<br />If the amount of the Fonda 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, shalt exceed
<br />the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on
<br />monthly installments of Fonda. If the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes, assessments, insurance premiums and ground rents as thev fail due, Borrower shall pay to Lender
<br />any amount net:essary to make up the deficiency within thirty days after notit~ from Lender to Borrower
<br />requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period
<br />f;por, payri,ent in foil of ail sums secured by this Mortgage, Lender shall •.pply Funds held as a credit.
<br />against all sums due.
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