|
<br /> flWCtl'MfDUAL
<br />iAL.EE ON ~14F_~;
<br /> t~PTlt'3rJA~L ~t:dTC.7RE
<br /> ~AW(dV~G5 t~UNt7
<br />~~ FdRN Na. 72~-4?9
<br />ADVAPVC~S
<br />Loan Number___~+3275__- l$& - 1
<br />TYD? _ _ _ _. _B rJnch
<br />
<br />THIS MORTGAGE, made and executed this .- _ 2>_..-.... . _.__ day of .....Septezpber...._. ..._ A.D.,
<br />19...78.., between the Mortgagor, ...Edward M. .O`Boyle and Merna L. O'Boyle, husband and
<br />.__wife,,_.jointly,and each. in_the~r own right
<br />of ._-Grand--Island._._..._., County of -......Hall_ __________ _______ State of .- -Nebraska hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SA4INGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebraska 6g5Q1, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />Wz~•xzasseTx: That the said Borrower for and in consideration of the sum of ...EI~Y._T'ziQUSA~ID__-.
<br />_.....-„~Iy$, HUNDFcED- AND, NO/ I00-~.-----_-,----_-------------- Dollars (US S_- 5.0. 500._00..._....._ }
<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 .._...Lia -._....._._...._.._._..., State of Nebrraska:
<br />Lot Te: (10), Block Ten (IO), Ashton Place, an Addition to the city of
<br />Grand Island Hall County, Nebraska
<br />TocETiisa 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 grofits, 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 />Mortgage; and alI of the foregoing, together with said property (or the leasehold estate in 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 will
<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 ~licy in-
<br />suring Lender's interest in the Property. or (2} attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />Pkovzo~o At.GVAYB, and these presents are executed and delivered upon "the following conditions, agree-
<br />*.nents anti olali;atiorzs of the Borrower, tc-wit:
<br />The Borrower agrees to pay to the Lender, or order, the grincipal sum of -FIFfiY THOIISA~IA--EtV>.....
<br />...__.lIl7t~l}REI?- A~ D_UO%100- --__________..____..,...__--____--Dollars itiS ~...z0.,zQ0,00... ._ ..._.._. )
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if not. sooner paid, can the .. ..lst-_--.--.___ day of _-....October..... , $8. 2Q09
<br />L1xzrott+t COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal cmd 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 Rortgage.
<br />2. roads for i'axes and insurance. Subject to Lender`s option under paragraphs 9 and 5 hereof, Bor-
<br />rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br />Note, until the Note is paid in full, a sum (heroin "Funds") equal to one-i.welfth of the yearly taxes and
<br />assessments which may attain priority over this 14•Sortgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium iztstaAments fur hazard insurance, plus one-twelfth of ,yearly premium in-
<br />atallmemi.s for mortgage insurance, if env, all as reasonably estimated initially and from time to time by
<br />Lender on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds
<br />to gay said taxes, asessments, insurance premiums and grcaund rent. Lender sh-~zll make no charge for so
<br />holding and applying the Funds or verifying and compiling said assessments and bills. The Leader shall
<br />give to the Borrower, without charge, an annual ace~e>unting 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 Mortgage. The Borrower agrees that the Funds may he held by the
<br />Lender and commingled with other funds and the bender's own 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 />Tf the amount of the FuncLS 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, shall exceed
<br />the amount requiz~ed to pay said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shall be, at Borrower's option, either pmtngtly repaid to Borrower or credited to Borrower on
<br />monthly installments of Funds. If the amo-,znt of the Funds held by Lender shall not be suf&cient Lo pay
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount necessary to make up the deficiency vithin thirty days after notice from Lander to Borrower
<br />requesting payment thereof, or Harrower shall, by 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 s,,ply Funds held as a credit
<br />against all sums due.
<br />
|