|
INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />r•>iCl9®d SAVINSaS FUND
<br />~" ~~~~ FORM Nu. 7217-479
<br />Loan Number__43482__ -_188__x_1___
<br />" - Tyoc e,,,,cn
<br />7g"' ~~~`~ M O R T G A G E
<br />THIS MORTGAGE, made and executed this ...._....~...._.._.._..... day of .. ~~~"`:_..._...__..._- A.D.,
<br />19.?rl-..-, between the Mortgagor, __ Paul. D,.. Leetch_,and _ Joanna__M,-_ Leetch,,_hu~band--and- wi fe, ---
<br />jointly and each in their own nght
<br />of .-..-Oraad..IsLand...._..., County of ...._._Hall..._.-_.-.....-..., State of .....Hehraska.-._; hereinafter refereed
<br />to as the Borrower, and the bfortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLAI, 123x' "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br />as I,endex.
<br />t~Vrrxrsssr~r: That the said Borrower for and in consideration of the sum of ...'];liIgTY..SIX_THDIISAND
<br />----9fiID..Pitl~lf)D-..c.-.------.-.----------°----.------- Dollars (US 5 ..36,D00_OD.... .... _-..)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br />fallowing described property tacated in the County of ...-_Ilall-_-.__..._.-......_._....., Stag of Nebraska:
<br />Lot Eleven {Il), Bieck Zt.o (2) in Pleasant View Addition, an Addition to the city of
<br />brand Island, Hall Caunty,Nebraska
<br />ToesrxEa with all the improvements now or hereafter erected on the property, and all easements,
<br />tights, sPPur~-enanc~es, rents, royalties, mineral, oii and gas rights and profits, water, water rights, and
<br />water stock, and all fixtures now or h_ ereaiter attsched to the property, all of which, including replace-
<br />ments-and addiiaons thereto, shall be deemed to be and remain a part of the property crovered by this
<br />Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br />Mortgage is one 3easebold) are hcrein 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 rnncey the Property, that the Property is unencumbered, and that Borrower will
<br />war^ant sad 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 policy in-
<br />suriag Lender''s interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br />by bonded abstracter.
<br />Psov7or:ss Ar-w,.rs, and these presents are executed and delivered upon the following conditions, agree-
<br />ments sad obligations of the Borrower, to-w-it:
<br />The Borrower agrees tv pa}° to the Under, or order, the principal sum of ..SIiIBTY._SI~..TElOUSANII_.
<br />___~~1Q(1---- ---- ----- ------~- ------------- -~--~..~--_-...Dollars (US S._34...Q~"J.QO.- --- .......)
<br />payable as protiflded in a note executed and delivered, concurrently herewith, the final payment of principal,
<br />if imt sootier paid, on the .----.....FirsL_.. day of __._.--..-Qc><eb~r_ .---.....---., R~.-Z049
<br />UxtFOara Covsr7ssvrs. Borrower end Zender covenant and agree as follows:
<br />1. Payment of I~pal aaa hslerassf. Harrower sha11 promptly pay when due the principal of and in-
<br />terest on the indebtedness evidenced by the Notes, prepayment and late charges as provided in the Vote,
<br />and the pruscrpmt of and interest an any Future Advances secured by this Mortgage.
<br />Z Fuada fns Tmcaa tied fasuraQCe. Subject" to Lender's opiion under paragraphs 4 and 5 heraoi, Bor-
<br />rower shall nav to I.e_nder an the day monthly installments of principal and interest are payable under the
<br />Note, uatal tyre Note is paid in fu',l. a ram therein "Funds") equal to one-twelfth of the yearly faxes and
<br />writs which may attain priority ours this Mortgage, and ground rents an the Property, if any plus
<br />one-twelfth of yearly premium installments far ha7:ard insurance, plus one-ttvetfth of yearly premium in-
<br />stsIlrtrents for' mortgage insurance, if any, all as zeasonably estimated initially and from time to time by
<br />Lestder on the basis of aerrts and bills and reasonable estimates thereo#, Ixnder shall apply the Funds
<br />m' pas said 'razes, assessments, i.*m.ran>v. premiums and ground rents. Lender shall make na charge far sa
<br />g sad appiyiag the- Funds or verifying and compiling said assessments and bills. The bender shall
<br />glee is the Borrowaa; wi#lseut cdrsrge, an annual aecouat:.ng of the Funds showing credits and debits to the
<br />Fmeds sad tip psse for rehich each debit to Ilse Fsmds was made. The Funds are pledged as additional
<br />~ the same secured by fi3us lEiortgage. The $ormwer agrees that the Funds may be held by the
<br />""" with at~r• #srsds and the Lender`s own funds and the Lender may pay such items
<br />6+onr i~ awe funds sad the LEades shall not be liable for interest or dividends on such Funds.
<br />If fia6e amowgt of the Funds had by Zenner, together with the future monthly installments of Funds
<br />pag'ah~ pngr to tgae due tee of ta'tea, aese~ents, insurance preniums and ground rents, shall exceed
<br />a~~t ~uxred to ssrd ts, insurance premiums and ground rents as they fall due,
<br />> alsall he> st Hgrro+cQe?s o~On _eit promptly repaid to Boaower ar credited to Borrower on
<br />msathlP allsfis of H ire sat of the Frussds held by Lessder shall net be sufficient to pay
<br />> ra~rtsnoe paemirmm sad ground rents as they fall due, Borrower shall pay to Lender
<br />~' amt to n»rke up t~ day within thirty days after notice from Lender to Borrower
<br />ra4~tra$ ®sea£, tx' Borrower shall, by as inrremse in monthly installments of Funds required,
<br />repast'- the defirsency wi#3rin the Fta~°sacosmtang PEriod.
<br />UP°n payment in fall of all awns secured by this Mortgage, Lender shall. apply Funds held as a credit
<br />against all soars due.
<br />
|