|
INDIVfDtJAt
<br />DUt3 ON SALE
<br />~~ OPTIONAL Ft1TURE ADVANCES
<br />SAVINGS FUND
<br />FARM Na. 72D-479
<br />Loan Number_ 42867 - 188 - 1
<br />Type Brancl,
<br />79-~ ~US~t~U M O F2 T G A G E
<br />THIS MORTGAGE, made and executed this _ ~`~.-_ ...... day of . .. Af*~45 f _ A.D.,
<br />... _.
<br />19.x.1..., between the Mortgagor, . Henry_.Allen Swanson, a single__person., --- _ _ _______._______
<br />---
<br />of .-.. .r- and Island Counh• of - - Hall. ,State of .Nebraska ,hereinafter referred
<br />io as the Borrower, and the ;vforigagee, FIRST FF,DERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter refereed to
<br />as Lender.
<br />WtTxt;sssTrz: That the said Borrower for and in consideration of the sum of ... T6IENTY..THOUSAND...
<br />_.. SEVE)1._ HUI}?BRhT? .A.N.D NQ[-100 -----°------------_ ---Dollars (US $..20>L(1Q_OLl----.__.._....._)
<br />paid by said Lender, does hereh7 mortgage, grant and Canvey to Lender, its successors and assigns; the
<br />following described property prated in the County of ._-_.Ball..-__.__ ................. State of Nebraska:
<br />Lots Thirty-Seven (37} and TY,:rty-Eight (38, in Belmont Addition in
<br />the City of Grand Island, Ha11 County, Nebraska.
<br />Tea-rtat:a wit~i ail the impruvamr•nts nc~w- or hereafter ercrted on the property, and all easements,
<br />tight:;, appurtenance,, rent., royalties, mineral, oil and gas rights and pmfit~, 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, shalt be deemed to be and remain a part of the groperty covered by this
<br />Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br />1~3ortgage is nn a leasehold) are herein referred to as the "Property".
<br />Borrower covenants that Borrower is lawfully seised of the estate hen•h}• conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Property is unencumbered, and that I3ormwer will
<br />warrant and defend generally the title to the Property against all claims and demands, subject to any
<br />ea8ementS And re4t.flCtionS ttited m a schedule aI exceptians r[T c•overage in any iiiir innu~te~a4r ~.vix4~ .°
<br />cueing Lt±nder'~ interest in the Pmp€rt}-, or t`'} attorney's opinion of title. fn~m ab.iract trf rifle reclined
<br />by bonded abstracter.
<br />Paovni~n .1t.way:;, and th€s€ presents are executer! and delivered upon th€= fallowing conditions, agree-
<br />ments and obligations of the Borroti+•z r, to-u•it:
<br />The Bon•nwer agrees to my to the L€nder, ar order, the principal sum of T1a7~ T~dOS~._.....
<br />Sk.VEN HUNDTtED r1't1~ h0/100 ' ---- ------------.Dollar-. it'S ~-20,704 QO )
<br />hayahle as providedrn a note executed and delivers-d, c•nnrurrenth• here+vith, the final payment of principal,
<br />if not. sooner paid, on the - first cla}• of aepteluber 19 3~ .
<br />Uhtl=cent Ccnn_~atv•t;5. Liormwer and Lender covenant. and agree as Follows:
<br />1. Payment of Principal and Interest. Borrower shall pranrpth' pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Note, i7repa}'ment and late charge, as provided in the Note,
<br />zmd the principal of and interest on any Futuna Advances secured by this Itlortgage.
<br />2. Funds fox Taxes and Insurance. Subject to Lender's option ender paeagraphs 4 and S hereof, Bor-
<br />mw•er shall pay to Lander on the day monthly installments of principal and interest arc payable under the
<br />Note, until the Note is paid in full, a sum (herein "Funds") equal io one-twelfth of the }^early taxes and
<br />assessments which may attain priority over this l~lort~;age, and ground rents an tho Property, if any plus
<br />one-twelfth of yearly prenvum invtallinents far hazard insurance, plus one-twelfth of yearl}' i,remiutn in-
<br />stallment; for mortgage insurance, if any, all as reasonabh• c+stimated initially and from time tit t-ime by
<br />Lender an the bests of assessmenis and hills and reasonable estimates thereof, Lender shall appl}~ the Funds
<br />to pay amid taxes, assessments, insurance premiums and ground rents. Lender shall make na charge for so
<br />holding anti applying the Funds or verifying and compiling said assessments and bills. The Lander shall
<br />give to the Borratxer, withaut charg€, an annual aceautiting of th€ Funds showing credits and debits to t}ie
<br />Fonds and the purpose for which each debit. to the Funds vas made. The Ftmds are pledged as additional
<br />security for the sums secumd by this Mortgage. The Borrower agrees that the Funds may be held by khe
<br />Lender and commingled wii.h 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 far interest or dividends on such Funcls.
<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 fazes, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required to pay said fazes, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall be, at BorroMVer"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 Lender shall not be sufficient to pay
<br />taxe9, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount necessary to tnake up the deficiency within thirty days a€ter notico from Lender to $orrower
<br />requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund accrounting period.
<br />I ipon paymeni in full a# all sums sec.ureii by this i+z`ortgage, Lender shah apply 'r'ends held as z! credit.
<br />against all sums due.
<br />
|