|
~Ip'pILIL1.
<br />~.
<br />INDIVIDUAL
<br />DUE ON 'SALE
<br />~+~. OPTIiONAL"FUTURE fiiDifi'ANCEa
<br />SAVINGS PUNt7
<br />FORM nta. ~aa-ass
<br />~~ Loan Number__42240___~_199__~_I___
<br />T>a 8rancM
<br />79- ~t1~4~~ M O R T G A G E
<br />THIS ;MORTGAGE, made and executed this ._....az...._........ ~ 4s~
<br />day of _......_~..._ ............ ..__. A.D.,
<br />19.1...-, between the Mortgagor..-,.Roy.-D_,-_Cadwalader.-and.~lary-.J.-..Cadwalader,_ husband__and____
<br />.-..._-wife,--3ointly-and_each-in their.-own right,. .-_,-_.-_
<br />of ..,.-.Grand. Island.,..,., County of -...Hall. _-__---_-_-_----, State of ...--Nebraska „hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINC7S AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 685t)I, its successors a.nd assigns, hereinafter referred to
<br />as Lender.
<br />W(TNESSETH: That the said Borrower far and in consideration of the stun of ..THIRTY-.THOUSAND_-
<br />. -- AND_Nt)(100.--°-.-°°.--°_°-----.-.-----------------.-'Dollars (US 8._.3Q,fJOQ..t)4 - .............)
<br />paid by said Lender, does hereby mortgage, gram and convey to Lender, its successors and assigns; the
<br />fallowing described property located in the County of ._.-.-Hall_......-..._._._-..-_-., State of Nebraska:
<br />Lot Twenty-eight (28), Westroads Estates Third, Hall County, Nebraska
<br />Tcx:r~•ttE;a t{ith ail the improvements now or hereafter erected irn the property, and all easements,
<br />rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />water stack, and all fixtures new or hereafter attached to the property, all of which, including replace-
<br />ments anti additions thereto, shalt be deemed to be and remain a part of the property covered by this
<br />Mortgage: and all of the #aregoing, together with said property (or the teasehald estate in the event this
<br />ivtortgage is on a leasehold) are herein referred to as the "Property".
<br />$orrower covenants that Borrower is lawfully seised of the estate hereby twnveyed and hoc the right
<br />to mortgagt; grant and Canvey the Property, that the Property is unencumb€red, and that Borrower will
<br />warrant and defend generally the title to the Property against ail claims and demands, subject to any
<br />easements and restrietians listed in a schedule of exceptions io coverage in env liiir in,.+.g;K~ ~1:c;~ i
<br />curing I.endrr's interest in the Prop€rty, or (2) attorney's opinion of title Pram abstract at title certified
<br />by bonded aha:tracter.
<br />i'aovtus;t3 At.wnvti, and the+e pn~::ents are executed and delivered upon the foilawing conditions, a~r€€-
<br />manis and obhgat+ani of th€ Bartr;wer, to-wrt:
<br />'r'It+> I3orrouc~r egrets Is3 pa} tv th€ l~~d€~r, ar ar+~€r, th€ principal sum of THIR~'Y THOI7SANI~,_.
<br />AN>?_I~ot.lt~t7-...~~ __.--- ------ -~-_- --- -----'I)auar~: (1°s ~ 3ti,ooo,oo - )
<br />_ _. _ .. .
<br />payable s~,~; provided in a note ex€cuted and d€livesed, coneurrenth• tt€rrwith, the final paynrent of principal,
<br />if not socmer laaid, on the .- -First day of . 3eptumher , M& 2(1(14
<br />Uxrnc~xnt ~OVh:NANTS. Borrower and Lender covenant and agre<± as fallotv4:
<br />i. Payment of Principal and Interest. Borrower shall Aron+ptly pay when due the principal c+f and in-
<br />t€rest on the indebtedness rti°idc:nerd by the Not€, prepayment and late c°hargr?!~ as pmvid+vi in th++ Notts,
<br />and the principal «f and interest an any FuEUre Advances s€cured 13y this 141origag€.
<br />2, funds fox Taxes and Insurance. Subject. to Lender's aptian under paragraphs 4 and ,~ hereof, Bar-
<br />mwer shall pxy to I.€ncler nn the clay monthh' instatlnaents of principal and interest are pay'abie under the
<br />Nat€. until the ?Mote is paid in full, a sum (h-r_rein "Funds") dual to one-twc-lfth ai the y~ar!~ taxer and
<br />..~.,°°.n)4nt "'in:'h Wray att:,iir pr:orrty av€r thrs •icirigage, anti ground rents an thra Pralk=rt i, any ISlis
<br />onf~ twelfth of ,y€arly premium installments far hazard insurance, plus one-twelfth of yearly premium in-
<br />stallnxents far mortgage insuranc€, if any, alt as reasonably estimated initially and Pram time to time by
<br />Lender on the basis of assessments and bills alai reasonable estimates thereof, l.enrier shall appit° the Funds
<br />to 1FHy ;d ta€s, a::::€.,str,+;nts, ue~n~ -- p: -nciums and ground tt:nt. I.c~r+drr ;halt mak€ nr+ trarge fr3r
<br />holdi ,s end at=slTiyint; thc- Fiinc3s isr v€~irymt; and t-c~trttiiling said asiersmants and `Willa. T h~ i.rndi~r quail
<br />give to t:no Borrower, withc3ut charge, an animal accounting of the Funds showing credits and debits to the
<br />Funds and the purpose far which €ach debit. to the Funcis was made. The Funds are pledged as additional
<br />security for the sums secured by this Mortgage. 'I`he Barrawer agrees that the Funds may tug held by Ehe
<br />lender and ct3mmingled with athE.r funds and the I.endar's own funds and the Lender may pay such items
<br />from its awn 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 />payai?le prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed
<br />` the amount required tp pay said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall be, at. Sarrawer's option, either promptly eepaid to Borrower or credited to Borrower on
<br />monthly installments of Funds, If the amount of the Funds held by bender shall not he suRicient to pay
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay W Lender
<br />any amount nec:erssary to make up the deficiency within thirty days after native from Lender to Borrower
<br />requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funcls required,
<br />ropey the deficiency within the Fund accounting period-
<br />I7pon payment in full of all sums seeared by this 1ltortgage, Lender shall apply Funds held as a credit
<br />against all sums due.
<br />
|