|
INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANGES
<br />SAVINGS FUND
<br />FoaM No. X20-479
<br />~-~ loan Number__43914 -- 18 - 1
<br />-------------------
<br />TVPP Brancn
<br />79-- p0732'~ M O R T G A G E
<br />TIIIS MORTGAGE. made and executed this --.----.-..3L._--------. day of -.....-.. ~`~c~-Ck.----..-_....... A.D.,
<br />19...2y-., betca~een the \4ortgagor, -.I2eJ,bes.t .T?.....Tlteasmeyer;..and..T.oia..~..._')'lt~aawey-ar>--hushaxid.......
<br />_and--~*.z€g,.-.i~Ln~7.y_and..~;~h--F..t:heir..~z?...r.#Sht ............... - -- - - -- ....._...... -~ .......---
<br />of ._..-.GrYStd_Island---_--, County of __..-_Iia11_.._..-____..., State of Nebraska.._.--.-, hereinafter referred
<br />to as the Borrower, and the liartgagee, FIRST FEDERAL SAi'INGS AND LOAV ASSOCIATION OF
<br />LZIdCOLNT. i235 "N" Street, Lincoln, '_\'ebraska f~501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />QLTtrtisssErx: That the laic. Borrower for and in consideration of the sum of -THIR'T'Y-.THOUSAND-.,.,
<br />TI~J ililt}T13R£D AIdD NO/IflO-----------_------------ ° 30,200.00
<br />- --- --- -_ - _..- --....____ _ - .......- .--.....Dollars (US ~....._ ......... ....._.... - )
<br />paid br ssid Lender. does herehe mortgage, grant and com•ey to Lender, its succes.~ors and assigns; the
<br />following d~eribed graperh• located in the County of .--....---.-. Hall------ ...._.-, State of Nebraska:
<br />Lot firo {2) in Strat~rberrr Lane Subdi~.ision, City of Grand Island, Hall County,
<br />deebzasica
<br />TocErxsrc with all the imprm*ements now or hereafter elected on the property, and all easements,
<br />r~is#s, appurtenances, rents, royalties, mineral oil and sae rights and profits, water, water rights, and
<br />water stock, and all fixtures now- or herreafter attached to the property*, all of whirh, including replace-
<br />nLs and additions thereto, .shall be deemed to be and ip,,,a+n a part of the property catered by this
<br />14tortgage; and all of the forcgairig, together wish said property for the leasehold estate in the event this
<br />AiQttgage is an a leasehold i are hereirs referred to as the "Property"
<br />Boiaower ooyenants that Borrower is lawfully seised of the estate hereby canyeyed and 1=as the right
<br />to ~, grant and ewnvey the Property. that the Property i_c unencumbered, and that Borrower will
<br />warrant snd defend generally the title :a the Property against all claims and demands, subject to any
<br />esaesnersts and restrictions listed in a schedule of exceptions to cnyerage in any title insurance policy in-
<br />surring Lender's interest in tine Propem, or (?) attaraey's opinion of title from al:_tract of title certified
<br />by banded a>>strmcter.
<br />Paovmra At.wAVS, arsd these pr+~nts are executed and delivered upon the following conditions, agree-
<br />~ta sad obligations of the $orravee~, to-wit:
<br />The liorrow~ to gay to the Lender, or order. the principal ,cure of - THZBTY- TIiQi1SAND_ TWO.,,
<br />- BEU_ ATsIT! _NU,f i _i#~---.--- -.... _ .. - - - ..Dollars i L'S t ~. r~ - ~ . )
<br />- - -- -- - -
<br />payalrle as prisvided hr a sot+e ezersitezf and delivered, eanxvrren#ly herewith, the final gayenent of principal,
<br />if not srwner paid, an #ise .---..-_._ First day of -... AugusC _..., tIX 20510
<br />lixrt*oar~a Cou`-.~:^~. Harrower and Lender rorenant and agree as fol3oa•
<br />i. Pcymaast d Priar9pel n--d lalerea#. Bartow-es shall pmmpf]y pay when due the principal of and in-
<br />terest• on the irxlehtedneas evidenced by the Note, prepayment and late charges as prot~ded m the Note,
<br />sad tare ~l of and intermit an any F\iture Acivsrn+~ sc~vrrd by this Mortgage.
<br />Z t'msds for 7ux~ asd ha~aroane. Subject #a Lender`s option under paragraphs ~ and 5 hereof, Bor-
<br />rower shat' pay to Leander an the day monthly iastallmenis of principal and interest are payable under the
<br />Itioie. tm#aT rise Note is paid in #ull, a sum lheaein "Funds"1 equal to vne-terelfth of the yearly taxes and
<br />a~rmno-reerta wluclr may attain priority over tills \iortgage, and ground rents on the Property, if any plus
<br />oee-t~fih of yesdy pirami~ installments €ur hazard ins-uratrce, plus one-twelfth of yearly premium in-
<br />ataY6aenia for mortgage irtsvrarur, if nnv. all as ressasiably +astimated irsitiall}• and #rom time to time by
<br />ix~adzr on tlse ba~a of are and 3~ an<I reasonable estimates thereof, Lender shall apply the Funds
<br />~ pry said taxes, inaura:sce premiums and ground rents. Lender shall make na charge far so
<br />holtfhrg amf ~ t~ Fins ~ ve3s#ying and compiling said asments and bills. The !.ender shat!
<br />to tfre Borroreea, without ~. an annual aaeounting of the Funds showing credits and debits to the
<br />and the ptrrpoae for whiff each debit to the Fends was made. The Funds are pledged as additional
<br />aacty ~ rise aaxns r! ky Ebis use- The Bo*towes agrees that the Funds may be held by the
<br />Lamlkr and sd +e"srh other funds and the Lender's own fuada and the Lender max Pay such items
<br />Estee ~ own and the L shall crest be liable #eu interrat ar dividends on such Funds.
<br />Ii the ai pf the Faada hem ~ Leneier, trsgr*ttter with the future monthly installments of Funds
<br />pnyahle pries to the due dates sf !aloes, Arta, iosuraaoe premiums and ground rents, shall exceed
<br />the arrsatart nagt~rod to pry said tames, aaseasme~tas, insuuance gee*niums and ground rents as they fall due.
<br />exalrss ehe$ lie, at rer'a , either' pmnt(sttg ~epa~d to Borrower or credited to Borrower on
<br />monthly atsfaHmersta a# Fwada. If t}se amearart of the Funds held by Lander shall eat be sufficient to pay
<br />fates insurance parmimas and ground rents as they fail due, Borrower shall pay to Lender
<br />any amomat new to aiake uP fire encY within thirty days after notice from Lender !a Harrower
<br />requesfaa~g pay~nf thereat, or Btsrtower' shall, by an increase in manihly installments of Funds required,
<br />repay the de~iency within the Fnnd aexrotmting P°-nod-
<br />Upan payment irr fuL of ~n soma secm~ed by this Mortgage, Lender shall apply Fiords held as a credit
<br />against. all sums due.
<br />
|