|
INDIVIDUAL
<br />DUE ON SALE
<br />~IR~~' OPTIONAL FUTURE ADVANCES
<br />SAVINGS F1iND
<br />~p~ ~ ~ FoRM N0. 720
<br />(~~ Loan Number__ 39306 __-_ lj)9__-___l _
<br />ryo. a.e~~n
<br />~g,U~~~ MORTGAGE
<br />THiS MORTGAGE, made and executed this _ ___~.7..__...._... day of ._..~'s~.y<<5.Y A.D.,
<br />19_:/~..-, between the Mortgagor~''rrence_I2.,.. Rus~.h4vt:n_and,.Gat•ol..Jeanne,. Rus.thoven,.husband.......
<br />and_wife,_jointly_.and_each...in._their_own„righc,_____.._._______ _ __
<br />of .Grand_Island__.,__ _.., County of .._.. State of Nebrask
<br />. Hall ._..__., a .. ,hereinafter referred
<br />to as tr:e Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1236 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />WrTNesseTx: That the said Borrower for and in consideration of the sum of _QN.li.-HANDREA...THIRTY
<br />~rnncn sn eran nrn/ rnn______ ____ __.._____________Dol':ars !US x__130,000.00 __ __.)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />following described pmperty located in the t'ounty of .....__._Kall___...,__..,,___., State of Nebraska:
<br />Lot Twenty (20), Block Three (3), in Replat of Riverside Acres, an addition to the %iiy
<br />of Grand Island, Hall County, Nebraska
<br />T1x:k:TFi F;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 />ments and additions thereto, shall be deemed to be and remain a part of the pmperty covered by this
<br />Mortgage; and all of the foregoing, together with said pmperty (or the leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Bormwer 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. Bormwer will
<br />wan•ant and defend generally the title to the Property against all claims and demands, subject to an}-
<br />nhociu<+u tl auu lrlil i~i.ivua .
<br />Ill tCtl 111 Q l~llctl uii: iif iii~~.Ni+v~,o tic :v,~ruF, ~. i,s .:::j talc :'~~,-^'^^•~'° ~ ~l i~•,r in-
<br />suring Lender's interest in the Proporty, or (2) attorney's opinion of title-fruan atrst.aiet of title certified
<br />by banded abstracter.
<br />Paovtaeo ALwAYs, and these presents arc executed and delivered ulron the following canditinns, agree-
<br />ments and alrlirrations of 'the Harrower, to-w°itc
<br />'Phe Borrower agrees to pa~~ to the Lender, or order, the principal sum of QN8 HUNPRRA-.1'F{IRTY
<br />THD.fISA.~ID...ND NO/100-----------_ ---_ -----------------}~ollars 1l'S s I30,900.00. )
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not. sooner paid, nn the First rl.IV of September_ ,1~ °008
<br />i)NI FORM t'01'F:NANTS, Bur[uwer an(1 Lender c'aVPmint flrNl ilgree as follaws:
<br />I. Payment of Principal and Interest. Borrower shall prumpth' pay when der the princiturl of and in•
<br />terest on the indebtedness evidenced t+~~ the Vote, prepayment and Iate charges as Irravided in the Auh•,
<br />and the principal of and inierl:vt on any Future Advances secured uy this hinrtgaKe.
<br />2. Funds for Taxes and Insurance. Subject to Lender's option under paragraphs 4 and 6 hen~oi. Bor-
<br />mwer shall par to Lander on tlnr day monthly ins4dbuonts of principal and interet are txryable under the
<br />Nota, until the Nute is paid in full, a sure 1 Herrin "F'wrds") equal to one-twelfth of the nearly taxes and
<br />assessment. which may attain priority ovca• this Alortgagc, and ground rents an the I'rot_rrrty, if any plus
<br />one-twelfth oi` }•carlr premium installments Eur hazard insurance, plug one-hvelfth of yevrrlc premium br-
<br />stallmenfs for mortgage insurance, if any, :dl ax reasonably estunntcd initially and from timo to time by
<br />l,entier on the basis at asst ssrnents and hilf4 and reasomrhle estimate, thertK!f, L+~nder -hall a}!pl)` the Funds
<br />to pay said taxer, assessments, insurance premiums and ground rents. bender shall make nu charg€ for so
<br />holding and applying the Fends ur verifying and rompiling sairi assessments and bills The [,ender shall
<br />give to rho Bormwer, wrthout charge, an annual amounting of the F'uncis showing credita and debits hr the
<br />Funds and the per}rose for which each debit to the Funds was made. The Funds any Irledged as additional
<br />security for the sums secured by this Mortgage. The Borrower agrees that the Funds may he held by the
<br />Lender and conuningled with other funds and the Lender's awn funds and the I.encier may Iraq such items
<br />from its own €unds and the Lender shad not be liable [ar inters>st or dividends on such Funds,
<br />If the amount of the Funds held by Lender, together with rho future monthly installments of Funds
<br />payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall cxeeecl
<br />the amount required to pay said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall Ire, at Borrower's optaan, either iimmptly repaid to Bormwer or credited to Bormwer an
<br />monthly installments of Funcis. If the amount of the Funds held by Lender shall oat he sutficient to tray
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Bormwer shall pay to Lender
<br />any amount necessary to make up the deficiency within thirty days after notice from Lender to Harrower
<br />requesting payment thereof, cr Bormwer shall, ~b_y an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund accounting period.
<br />Upon payment in full of all sums secured by this Mortgage, Lender shall apply Funds held trs a credit
<br />against all stuns due.
<br />
|