|
21. Future Akdvmaces. Ulu~n reque;>t t,rt Borrower, Lender, at. Lender's apt'uan, -7riar to release of tl;is
<br />Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall
<br />be secured by this A!fortgage when evidenced by promissory notes slating that sairi notes are secured hereby
<br />except that the interest rate on the entire unpaid 1}stance and the tarsn of the original Loan, to the extent
<br />gerinitted by law, may be adjusted as the parties hereto map' agree. At no time shall the principal amount
<br />of the indebtedness secured by this Mortgage, not including sums advanced in accordance hh r it' to pro-
<br />b~ ~~J0.00
<br />test the security of this Mortgage, exceed the original amount of the Note plus US 5._--.._z .....................
<br />PROVIDED, HOt'UEVER, that prepayments of principal, as provided for in paragraph 22 that follows are
<br />returned to Borrower or are made absolute non-withdrawable principal prepayments prior to advancing
<br />sums as permitted within this paragraph.
<br />22. Savings Fund. Borrower may make prepayments of principal on any installment due date or
<br />immediately preceding said date to be effective on the due date fotlowing and prepayment shad be applied
<br />to installments last to become due under this mortgage. Upon request of the undersigned or either of
<br />them, provided a default does not exist and they or one of them are the owners of the mortgaged property,
<br />the lender agrees to furnish to the undersigned or either of them One Hundred { 100) percent of such prin-
<br />cipal prepayments and shall pay said amount requested by either party to the party making such request
<br />for said principal prepayments, unless advancement is prohibited by the regulations of chartering and super-
<br />visory authorities then in effect or unless one of the undersigned has requested, in writing, that said funds
<br />not be disbursed, in which case it will require both signatures of the undersigned before a disbursement
<br />can be made or until otherwise advised in writing by the party making the request for nondisburaement
<br />of said funds. All such advancements shall be secured by this mortgage in the same manner and effect as
<br />if no prepayments had been made.
<br />23. Release. Upon payment of ail sums secured by this Mortgage, Lender shall discharge this
<br />Ivlortgage, without charge to Borrower. Borrower shall pay all costs of recordation, if any.
<br />. Modification. Upon request of borrower, lender, at lender's option, has conditioaally waived the
<br />uirements as set forth in paragraph #2 "Funds for Taxes and Insurance" of the Uniform Covenants
<br />said mortgage provided that the borrower complies with his responsibility as set forth in paragraph #4
<br />,and # 5 of the Uniform Covenants acknowledging that the lender has conditionally waived his option under
<br />paragraph #2. A breech of this covenant will then activate paragraph #18 "Acceleration; Remedies."
<br />IN WITNESS WHEREOF, the Borrower has executed this MOrtgag~. may,
<br />. -... .. ... L/1.. ~~ ...:........ .
<br />..... -._...._.-....._._.........- ------- - - - - ._.... - ---- s M. Bennett i7 Borrrower
<br />Sharon A. Bennett -Borrower
<br />Property Address ...............507 Riverside Arive, Grand Island, Nebraska 68801
<br />.ciTATE OF NEHRASxA ............... X11................ _.,...........Cannty SS:
<br />On this ._.....a/.._..._. day of .-.. .. ..... 19...7..1..., before me, the undersigned, a Notary
<br />Public in and for said County, personall carve ._James I~. Bennett and Sharon A. Bennett,
<br />husband and wife,
<br />personally known to me to be the identical persons whose names are affixed to the above and forgoing
<br />instruL^lent, as niartgagars, and each acknowledged said instrument to be his ar her voluntary act and deed.
<br />Witn~a my hand aad notarial seal at ____Grand Island~_Nel?raska-_ -~ e date Ias!t ahnve writterx.
<br />My Commission expires: //- 2 ~~~~~+~~~~.&.t.'... ....
<br />.~ craw... ...... _ ...............................
<br />~ ty.rt 4, tar. Rf. iM2 Nota blic
<br />STATE OF -• - - - ~--•- _...-._.._.. -- ---- -1
<br />)ss.
<br />Caunty ..............:..............._._._......................- ~
<br />~n Entered on numerical index and filed for record in the Register of Deeds Ofi'ice of said County the
<br />rt - ._ ............... day of ......................................., 19........, at .................... o'ctack and .............. minutes -._.......Itif.,
<br />`~' and recorded in Book ...._..__ .............. of Mortgages at. page ......................, as Instrument No...............--..-.
<br />~ cry ~ Reg. of Deeds
<br />ts~ ~ ~ *j
<br />Z t~ r.-, S By ..................................................... .•- -......_...._Deputy
<br />~Nt~ ~ ~
<br />~_~ ~ Q J ~ ~ k LLS
<br />-? ~ ;, ~Wlien recorded to be returned to the
<br />A
<br />o~ m -t3 a~Tr~FEDERA~ 3~lVINGS AND LOAN ASSOCIATION OF LINCOLN
<br />~~. y, ~~. N f?
<br />~ ~ ~ „-,ty,i riMGet r4as Mailing Address Phone
<br />~ ^ 135 ~ ~ytne5~-vd., Lin P.O. Box 5204, t.incoln, Ne. 68505 475.0521
<br />C1 - [} 2i01~p~2nd,,~.; Omaha F.O. Bax 6273, Omaha, Ne. 68106 554.8000
<br />uC,, ^ 1811 West 2ntf`3t„-Grand Island 1$11 West 2nd St., Grand Island, Ne. 68801 384.4433
<br />~ --- - -
<br />
<br />Q
<br />LIE
<br />(f?
<br />tYl
<br /><t
<br />V
<br />
|