|
�
<br /> Q F� , ����
<br />�.� ` y'` ��
<br />� � �
<br /> � �
<br /> IIVDIVIDUAL
<br /> DUE ON SALE
<br /> �R�" OPTIONAL FUTURE AI�VANCES
<br /> ��� SAVINGS FUND
<br /> , ,�. ���N . FoRM No.720 . . . . . . � . . . .
<br /> > Loan Number__ 34222 __-__188_-_ 1 __
<br /> �. .. ' .. . TYDe. , Brancti
<br /> 77- DO�s��- MORTGA GE
<br /> THIS MORTGAGE, made and executed this :..1....._ day of .:..�. ........:.:..........:.. A.D.,
<br /> . ' 19_...__:..,,between the Mortgagor, .:Denny .,..,_Fitzgerald.,and Annetha..Fitzge_ald,� husband _and„_
<br /> '; s wifex:'�ointly'.and,.each_ in:their own ri�ht� ------- ._____„,, __-
<br /> . ........ ._........--�-- --------- -----•--�• --.. ....
<br /> � of ...Grand',Zsland.`,_,,....., County of..._..�a11____ . ._,__ .,....,State of..Nebraska:_...,hereinafter referred ^' `
<br /> to as the Borrower, and the Mortgagee, FIftST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, its successors and assigns, hereinafter referred to
<br /> as Lender.
<br /> � WtTxEssETH: That the said Borrower for and in consideration of the sum of ,.EIQiTEEN.THAUSADiII
<br /> ; 7.WO:HUNDRED,AI3D._NO/100---.-:----.-,----,-.-----_-.----.-----...Dol:Ars (US$..18,=200.00-- ----.._,._..)
<br /> paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; the
<br /> ; following described property located in the County of .Hall_._ . ...... .........., State of Nebraska:
<br /> ' lot` Twelve (12), Block Six (6), Koehler Ylace, an Addition to the City of
<br /> ` Grand Island, Hal1 County, Nebraska.
<br /> �:� � �
<br /> ¢
<br /> TocETx$e with all the improvements now or hereafter erected on the property, and all easements,
<br /> rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br /> water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br /> , ments and additions thereto, shall be deerned to be and remain a part of the property covered by this
<br /> � Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this
<br /> - Mortgage is on a leasehold) are herein referred to as the "Property".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> kto mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> warrant and 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 /> i suring Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abstracter.
<br /> PeovinEn ALwnYs, and these presents are executed and delivered upon the following conditions,agree-
<br /> ments and obligations of the Borrower, to-wit:
<br /> ; The Borrower agrees to pay to the Lender, or order, the principal sum of .. EIG���Iq.._T�10U&A�IR.__....
<br /> ; ._T[,TIl_HiINDREA..�._NQL7.0�-.-.-r-.-_--------.-.-.-----.---------Dollars (US $_.18,200 00----.--.-.- ----.)
<br /> payable as provided in a note executed and delivered,concurrently herewith,the final ayment of principal,
<br /> : if not sooner paid, on the...__lst....... ......._ day of ._.._A:ugust._. ..._. .._,._ ..,.,xp8.200� `
<br /> UNiFoxM CovEivax'rs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and in-
<br /> terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances securecl by this Mort.gage.
<br /> 2. Funds for Taxes�d Insur�ce. Subject tu Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall pay to Lender on the da,y monthly installments of principal and interest are payable under the
<br /> Note,until the Note is paid in full,a sum (herein"Funds") equal to one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stallments'for mortgage insurance, if any, all as reasonably estimated initially and from time to time by
<br /> I.ender on the basis of assessments and bills and reasonable estirnates thereof,Lender shall appiy the Funds
<br /> to pay said taxes,assessments, insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling �ai�l asaeGsments 3nd hills. The I,encier shall
<br /> give to the Borrower,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional
<br /> security for the surns secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items
<br /> i from its own funds and the Lender shall not be liable for interest or dividends un such Funds. ��; .: ,'�
<br /> Tf the amount of the Funds held by Lender,together with the future monthly install�nents uf Funds �.�. � ;��`.
<br /> payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed
<br /> � the amount required to pay said taxes,assessments, insurance premiums and ground rents r3s they fall dc�e,
<br /> such excess shall be, at Bqrrower's aptioa,either promptly repaid to Borrower or credited to $orrower on �,;`
<br /> monttily installments of Funds. If the amount of the Funds held by Lender shail not be sufficient to pay
<br /> taxes,assessments, insurance premiums and gmund rents as they fall due, Bormwer shall pay to Lender
<br /> any amount necessary to'make up the defietency within thirty days after nr�tice from Lender ta Bonower
<br /> requesting payment thereof, or Borruwer shall, by an increase in monthiy installments of Funds required, �.
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in full of all sums secnred by this Mortgage,Lender shall apply Funds heid as a credit
<br /> against all sums due.
<br />� �....� _y � �
<br /> . �.._
<br />� �
<br />
|