|
CORPORATION
<br />' DUE ON SALE
<br />OPTIONAL FUYURE ADVANCES
<br />loan Number__433~5______18_ _-__1__
<br />'Tyne a.aoc~
<br />r'~-~ f~~t'7i1~.'. M O R T G ~- G E
<br />THIS AiORTGAC,E, made and executed this _.---.-~~1_.- ._._--. day of _. ~j`~"~~`c_-..-------- __. A.D.,
<br />I9. ~~-.., between the tiortgagor, .. -----''fIP.-~~'ZY>v'NT..E~`TERPRISES,_ INC.
<br />--------.--------..___...-_.-- .-_ .-.-..-_ ..................._._..-__.__ _._. _.-, a corparation,
<br />organized and existing under and by «rtue of the leas of the State of ._-.. Nebraska _,--___ _,- __,~ herein-
<br />after referred to as the Borrower, and the :.tartgagee, FIRST FEDERAL SAS°INGS AND LOAN
<br />ASSOCL4TIOI~ OF LI\COI-'V, I°_35 "'_V" Street, Lincaln, tiebraska &8501, its succecors and sssigns,
<br />hereinafter rnferred to as the Lender.
<br />~rr:.nserx: That the said Horraa~er for and in consideration of the sum of ..-THIP.TY FItTE TIIOLTSAND
<br />-A.HD,NO[100. --------- ------ ---- -------dollars (LAS 8_.35,040 OQ r
<br />paid by said Lender, does hereby mortgage, Grant and eanc=ec to Lender, its successors and assigns; the
<br />Hall _.-...-_.-...---- ., State of Nebrnska:
<br />foilaw-4ng described property lacated in the Counts af -__....._-
<br />A tract of land comprising a part of Lot Three {3}, Island, in Section 23, Township ii
<br />North, Range 9 Wiest of the bib P.?!., Hall County, Nebraska, and ,core particularly
<br />described as foilavs: First, to ascertain the point of beginning start at Che Northeast
<br />Garner of the Narth One Half of the Southeast Quarter (N~SE'~) of said Section 2?;
<br />thence running '+Iesteri~: slang the Narth tine of said North Half Southeast Quarter {N'-NSF}:)
<br />a distance of 2,54L.9 feet: thence deflecting left L?oGb'45" and running Southwesterly
<br />a distance of 237.3 feet;, thence deflecting right 83°3S'S5" and SEE ATTACHED E%HIBIT"A"
<br />Tc~esr•xES v:~th alt the improF-emen#, nave or hereafter erected on the property, and all easements,
<br />rights, appurtenances, rents. royalties., minarni oil and gas right: and profits, water, water rights, and
<br />water stack, and all fixtures new ar hereafter attached to the property, all of which, including replace-
<br />~tts and addiricurs theseta, shall be deemed to be and n~r„a;n apart of the property corened tc this
<br />hfmztgage; and all of the far eaing, tagether wi#h said property {ar the 3eacehold estates in the event this
<br />9iortgage is on a leasehold i are herein referred fa as the "Property"
<br />Bormw•~ ~-veeaantc that Borm~rer is laafuliy seised of the estate hereby rnnve}•ed and ban the right
<br />to mozigage, grant and censer the Property, that the Property is unencumbemd, and that t3orrawer will
<br />vrsrrant and defend generally the #itle to the Property against all claim, and demand., subject to any
<br />eaata sad restric~tian listed is a scher3ule of eaceptians to careaage in any title inwrance policy in-
<br />Guring Leader's interest in the Propem, ar 1?) attarney•s opinion of title from al~traM of title certified
<br />by l,sa3dcd abstracter.
<br />Ptm~w€o A? war's and these presents are esecr#ed and delivered ugaa the following canditioas, agree-
<br />ments and obligations of the $ormwer, to-wit:
<br />T?us Ife_=*•aw~* ate; as ~r to the I~ra~r. ar seder, the princi~l ~.rm of `i'l3IR_ 7Y FIVE THOI.ISAND
<br />-3Fiil 3+i~f-l--`~ ~+ - --~ _ - _.._. _- _ Dollars ti'3 , 35,E 00
<br />--I
<br />pati~hle as grncdr~d is a nc,:e executed cnd delivered, cancurrenth• herea-irh, the final payment of principal,
<br />if eat soc,aer paid, on ±he I'1,: fit; - der of - -- 1$Qr~: r , Y9 ?-?a-r
<br />L xrtx~v C,az•~.avrc Borrower and Lender corenant and agree as tolloa•4:
<br />I. Faymeat of Principal mid Interest $ormwer shall prompilr pay tchen duc the principal of and in-
<br />ter+est an the iadebtedrress esidenred bs the \ate, prepaznent and late ~•harges as pmt-ideclsn the \ote,
<br />and the principal of a~ intezres as any Future adrances nec•und by chi 'lfartga¢e_
<br />Z £vads ;~ Taxes mad Irssur®ce. ~ubjeci io Lender> op#ion under paragraphs 1 and 5 hereof, Bor-
<br />n}v;~ shall pay is Le~rder an the day manthly irrntalL-nenis of principal and interest are pa}-able under the
<br />Note: ua#il the Nate is paid is full, a sum lhetein "Funds") equal to one-twelfth of the yearIS taxc-s anr3
<br />ai= w°hich mar attain priari#?• aver this lforrgage, and ground n nt.; on the Properrv, if an}• plus
<br />one-twelfth of y~arty premium ins#allmenL. far hazard insurance, plus ane-to-eltth of nearly premium in-
<br />atallir+ea~rts for nmrtgage in~araacr, if ass, all as reasonably estimated ini#iall}- and from time to time by
<br />Leader oa the basis of mats and bills and reasonable estimates thereof. Lender shall apply the Fund.:
<br />~ pay said ~~, ts, inarrarree premiums and ground rents. Lender shall make no charge for sa
<br />~ a>~~ Fvads ar v~rif}°iag and compiling said asse^-s•^ents and bills. The Lender shall
<br />gyve to the Harrower, wit2wsrt charge, as annual aocountiag of the Funds showing credits and debits to the
<br />F arm # t ~arQ~ ~`~r w$ ~;a deiiit is tite Funds was made. The Funds are pledged as additional
<br />seeuriiv fur fire sums aaeumd by t2tis ~Satt.gage. The Harrower agrees that the Funds may be held by the
<br />Lard apd commingled witty ether roads and the Lender's os«t funds and the Lender may pay such items
<br />franc its own funds sad the L shell oat be liable for interest or dividends on such Funds.
<br />If the amount o€ the I~ uads held by L~tctea, together with the fature monthly installments of Funds
<br />I~S'±~ I fa t$a d,~ dates of faxes, amts, rnstrraace premiums and ground rents, shall exceed
<br />ne~uized fo ~s} said fazes, essetta, irusuran~e premiams sad ground rata as they #sIl due,
<br />each ezc+errs shall be, at Tiorruwet's op#ion, either promptly repaid to Borrower or credited to Harrower on
<br />arantitly iustaUmeats of Fuada If ir=e amount of the Funds held by Leader shall nai be sutlirient eo pas
<br />~~, eta, insurance premiums anti ground tents as they fall due, Horrower shall pay to '.ender
<br />any amt necxasarY to ma§e np the ~frtderres within thirty days after notice from Lena- r to Borrower
<br />re4~~ Payment thereof, or Borrower shall, by an increase in monthly installments of Funds tt~quired,
<br />repay the deficiency within the Fraad smaunt3ag period.
<br />Upon payment in full of aI1 sums secured by this Mortgage, Lender shall apply Funds held as a credit
<br />against ail sums due.
<br />
|