|
U1~6.VL~
<br />79-- iJtl ! R7iGt V
<br />INDIViDUAt
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FORM No. 72tI-474
<br />Loan Number.. _ 41944_ _ _-
<br />M O R T G A G E
<br />'t'uiR Mr1RT(1ArF. ,nadP and esecuteti this __----~-----..--_... daV Of -....~.... y-'."L~°.fK--..__......... A.D.,
<br />1S_~.~j-.., between the ASortgagor, --..-.Ra6ert_I....LdheelQr.-and..I~tanay.-.I.._i?kxaelex,..huskamd..and..vtife,
<br />. -.3ointly.and..each_in_Lheir..rnan..right. -- ....- --- -.._ ................ ---- -.... - - - ...- - - - ~--- --
<br />of _.--....-Gzand-.Lslamd._., County of ._..-._klall...._-._._....-.., State of ._-.Nebxaska..-_, hereinafter referred
<br />to as the Borrower, and the ?i-iortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATIOI~T OF
<br />LINCOLN, 1_°35 "N" Street, Lincoln, Nebraska G£501, its vurcessors and assigns, hereinafter referred to
<br />as Lender.
<br />W'rn.asss•t'x: That the said Borrower for and in consideration of the sum of ...SI?[TY,.NIN$-THOU.$.~D
<br />SLX.1~R1~_AtdD_IiQhflt2...-- -- -.------------=---.Dollars iUS $_.69.xbOt~ Qc~-- ............. )
<br />paid by said Lender, doer hereby mortgage, grant and convey to Lender, it, successor; and assigns; the
<br />folloKing de_ccribed property located in the County of ....._. -Hall_.-__--,.---_._ ,State of Nebraska:
<br />Lot 1ko {2) all of Riock i;tie Hundred Fifty-'Iwo {152) in Union Pacific Railroad
<br />Goapauv's Second Addition to the city of Crand Island Hail County, Nebraska
<br />Tocsrrisa with s1I the amprov~eats now or hereafter etr?cted on the propert}>> and all easements,
<br />tigf:ts, apittrttenarrces, rents, rovaiiies, mineral, oil and gas right and profits, water, water right, and
<br />water stack, and all fixtures now or hereafter attache{i to the property. all of which, including ,^eplacx
<br />rt~#s amI additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />14lortgage; and all of the foregoing, together with said property {or the leasehold date in the event this
<br />A4ortgage is oft a leasehold) are herein referred to as the "Property".
<br />)3ortvw•er mvenan3`.. that Borroweric lawfully seised of the estate hereb}• conveyed and has lire right
<br />to mortgage, grant and cortv~y the I'roFerty, that the Property is unencumbered, and that Borrower will
<br />warrant and de#end g~erallr the bile to the Property against all claims and demands, subject to any
<br />~acunenCc aMl rrstrictions fisted in a schedtrle of exceptions to rnverage in any title insurance polity in-
<br />strritrg Lender's interest in #h, Property. or t°_f attorney's opinion of title from abstract of title certified
<br />fry fronded abstracter.
<br />Pteovru~ Atwer, and these presents are executed and delivered upon the faEowing conditions, agree-
<br />tamts and ohliga#ions of the Bormacer, to-wit:
<br />i'r~ ~ agrees to pay ro tl;e Lzndzr, or crd~, tl-~ prinrpal sum u# ..SI%-lY NINE,-'~St311_S_AND---
<br />_..
<br />_--._~I~_~_.~1ID_~1~----- --~`-~._--- ----.-- Ik~ilars fl'S ~_ _69~~~fl.~€I -- - }
<br />pa}able ag provided in a note ezs~t=ed and delivettd, cro~cttctr~e~te7 herewith, the final pa}anent of grinripal,
<br />i# not sooner paid, on the __----..--- -._ --- day of - .._--- -_._- .. .. - , ~ =00t,
<br />Uxrt~x C~tcgau..-rs in-'rawer and Leader covenant and ague as fo6ows:
<br />I. f?aymant of Prssxspal wad baleresf. Borrow-er RhaU pramptl}' par A'hen due the print-ipai of and in-
<br />terest on the indt~,Siecfneas +etiidettoed by tlm Nate, prepayment and late charges as pratided m she Note,
<br />and the gaitxtipal of and in#er~st an any Future Advances secured by this ,iortgage.
<br />2 Ftrads lip imees cad ft~ur~ Sufajoct to Ixnder's option under pasatraghs 3 and f, hereof, Btrr-
<br />r+vsrr shall pa} tc+ Lender on the day monthh installments of principal and interest are payable under the
<br />33ir,L, mnnl the I\ote is paid in full, a sum !herein `"Funds"i equal to one-twelfth of the }-early lase; and
<br />is which crop attain priority rn^er This Mortgage, and ground mnis on the Property. if any plus
<br />ante-twelfth of yearly presnittrn ia'tallmenta for haurd irta-tuance, plus one-twelfth of y~arl~ premium in-
<br />atalftnents far tttcag+e ir~artanoe, if any, alI as reasonably estimated initially and from tune to time be
<br />Leader ntt the of and br~Ls and reasonable ~#arna#es thereof. bender shah apply the Funds
<br />Lo pea raid tafres asmets, ~surateae pxeasiums and ground tents. Lender shall make no charge for so
<br />holri'rag and aQpdyigg the Famds or verifying anti eomgiling said assessments and hilLc. 'l`ife Lender ;hall
<br />to the Bearer, rPithaat an artntml acrnunting of the Funds showing rrndits and debits to the
<br />and the per:poae for await debit to the Funds was made. The Funds are pledged as additional
<br />aetaumty fleecy t>E!e aarrts sertrred by this iVlortgage_ The Harrower agrees first the Funds may fx held by the
<br />Linder a~ coed with otaor ftmda wad fire Lender's awn funds and the Lender may pay such items
<br />feaea its v+rn ftatuls wad fire ieatder shall not be liable far interest or divided cut such Funds.
<br />If the az:tott# td the hr~d i+Y Lam, tester with the future tttonthly ittstaUments of Funds
<br />patyahie prior to the doe dateta of taus, amts, inatttance premiums acrd grtnrrtd tests, shall exceed
<br />to ~tatcea, iasararrce prrnntnrns and ground teats as they fall due,
<br />het: at a dnf3on, reit~ promptly repatd to Borrower or credited to Borrower on
<br />cry ' of P'tmds. If fate smrntat of the Funds held by Lender shall not be sufficient to pay
<br />tsrcea, eta, iatwrraaroe patmmianas and ground rests as they faB due, Batrawer shall pay to Lender
<br />arty a~ntat rtee±e~ary to make rep the dY within thirty days after notice from Lender to Borrower
<br />regaestattg payrn~t thereof, or Florrttaeer tiha.~ l'vy an incrnase in monthly installments of Funds required,
<br />repay the defieietecy within the Ftmd accxutntang period.
<br />ilpon payment is full of all ,arrow secured by this Mortgage, Lender shall apply Funds held as a credit
<br />against all sums due.
<br />
|