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<br /> INDIVIDUAL
<br /> DUE ON SALE
<br /> OPTIONAI. FUTUR� ADVANGES
<br /> SAVINGS FUND
<br /> Foww No.720
<br /> � loan Number___34862------18 .---_-1--
<br /> TYD! d�enCM1
<br /> �''F-U(?'7p02 M O R T G A G E
<br /> THI3 MORTGAGE,made a,,d ezecut dt�,is . e� J�AT� �� of �� a e .L.< A�n
<br /> 'N"ormanA�ucTi� an��eEty�"Suck; ►t—u�band"'an�d' i�r�e; �elb'e'rtyTh�asmeyer
<br /> 19..-Z7-..,between the Mortgagor,-�d•Lois,aT�easmeyer....haebaad and-sr#€e -Rnber t•�Wheeler and
<br /> Nancy�Wt�ele r,._hu@baac�__and.w if.g.,..j oint ly..and_.seve ra1.�Y..and__.Qach_.��...K.���.X.._9�...��,81�.t_................
<br /> of ....�r]cSad..�6.1.And_. _ , County of . .....__.Ha17............_...,State of..Neb.raska..__..,hereinafter referreci
<br /> to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br /> LINCOLN, 1235 "N" Street, Lincoln, Nebraska 68501, ita succeHsors and aasigns, hereinafter referred to
<br /> as Lender. �
<br /> W1TN ss rH,•� Th at he said Borrower for and in consideration of the c�um of ..FIFTY FOUR THOUSAND
<br /> FOUB HUND�� AND NO/1�0-- ---------- __
<br /> ----- --------Dol.ars (US g 54,400.00 _ _ )
<br /> - _ _.._....._.._._._. __ _ _...... _ _ _ ___ -- _ .
<br /> paid by said Lender, dces 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 Four (4), H�ck One Hundred Fifty-two (152) Union Pacific R�ilway Company's
<br /> Second Addition to the City of Grand Island, Hall County, Nebraska.
<br /> Toc�rxsa with all the improvementa now or hereatter erected on the property, and all easement:+,
<br /> righta, appurtenances, rents, royaltiea, mineral, oil and gas rights and profi�g, water, water rights, and
<br /> water stock, and ail fiaturefi now or hereafter attached to the property, all of which, including replace-
<br /> ments and additione thereto, shell be deemed to be and remain a part of the property covered by this
<br /> Mostgage; 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 referrnd to as the "Property".
<br /> Borrower rnvenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage, grant and convey the Pmperty, that the Property is unencumbered, and that Bormwer will
<br /> wanant and defend generally the title to the Property against all claims and demand�, aubject to any
<br /> easements and restrictione listed in a �chedule of exceptions to coverage in any title in�urance policy in-
<br /> sut�ng Lender's interest in the Property, or (2) attorney's opinion of title from abstract of title certified
<br /> by bonded abetracter.
<br /> PY�VIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree-
<br /> mente and obligatione of the Borrower, to-wit:
<br /> The Borrower agrees to pay to the Lender, or order, the principal sum ut FIFTy..,�0u�i '�HQ.US.AND.._.
<br /> FQIIA..IiIA�II?�tFD..AI?A.NQ/.1.Q0----------------------------Dollarti (LJS �..54.,400.9Q _ . ._ _.__. )
<br /> payable as provided in a note executed and delivered,concurrentlY herewiih,the final payment of principal,
<br /> if not scwner paid,on the._._�1XS.t.___. .. day of ._.._-MaJ! _ . ___ _ _. , 17�Q43.
<br /> Ux[[ru¢�t Cov�Nwnrr+;. Borrower and Le�der covenant and agree as follows:
<br /> 1. Payn�nt of prinaipal�d lat�rest. Borrower shali promptl�� pav when due the princ•i��al of �nd in-
<br /> tereest on the indebtedneae evidenced by the Note,prepayment and late charges as pmvided in the Note,
<br /> and the principa!of aad interest on any Future Advancee:secured by thie MortKa�e.
<br /> 2. Funds Eor Tmcss aed In�urmscv. Subject to Lender's optian under paragraphs 4 and 5 hereof, Bor-
<br /> rower�hall pay to Lender on the day monthl,y inRtallments of principal and interest are payable under the
<br /> Note, until the Note is paid in fuli,a sum (herein "Fund�") equal to one-twelfth uf the ��earlv taxes and
<br /> asseesments which may atkain priority over this Mortgage, and gmund rents on the Property, if any plus
<br /> one-twelfth of yearly premium inatallments for hazard insurance, plus one-twelfth of yearly premium in-
<br /> stalltnenta for mortgage insurance, if any, all a� reaRonably er,timated initiallv and from time to time bv
<br /> Lender on the basia of aesessments end bills and rearonable estimates thereof, Ixnder vhall auply thr. Funda
<br /> to pay eaid taxee, axseesments, ineurance premiums and �mund rent.s. Lender�hall make no rhAr�e for ���
<br /> hu1� +►nd a�lying the Fuade or venfying and compiting said atu;eRaments and bi115. The L,ender shall
<br /> give to the Bortower, without charge,an annual accounting of the Funds showing credits and debits to the
<br /> P'und�and the puepoee for wlsiclf e�ch debit to the Funds was made. The FundR are pledged as additional
<br /> security for the suens �ecured by this Mort�age. The Borrower agrees that the Funds may be held by the
<br /> L�nder and eoenmiegied with other ftttida and the Lender's own funds and the Lender may pay such iL�m� r�
<br /> t�e�a itie o�e i�+ndr aed the Lender shali not be liable for intereet or dividends on such Funds. � �aw..
<br /> If tbe andount ot the Fnnds heUd by Lnder,together with the future monthly installments of Funde �
<br /> � P�Y��peier to t6e idue dstes of tizes,arrecaments, insurence premiums aad ground rents, shall exceed =
<br /> ��t�t��pa Y'�d�,arssu�nta,insurance pe�emiums and ground rents ax thev fali due, ��'
<br /> !� ���+=t �r�o oPts�.eiYher pra y��to Borrower or credited to Borrower on
<br /> a�awtl�ly ins�ltn�eeb of Fuade. If tlie aasount of the�undc 13e1d by L.ender e�hall not be sufficient ta pav
<br /> �+ ��. �ra�.'d !+�awd �d eenCs u the�y tall due, Borrower Ahall �my to Lender
<br /> �wy �nnw+aek ne�e�'!��t�o��a�ia$e up}3ie deEciency withiu Lhirty da�ys aftcK nui:ice fe+um I.ender to Eurru.rer
<br /> �4�tp a'9°��°� �°aa�'�• ar Sore�o�es �ha11, 1�y an increese ia monthly installr�nts of Funds required, �
<br /> re'WY tbe ieic�aecY�vatbiw the Fmd aocoueti� petiod.
<br /> iT}�w►n �venent 9n fv11 of ai!sums securod by thu 11furLgugn, I.eii.ler�lwl]apNly Fund�hrld a�a�•rrdit
<br /> asai�t a8�em due.
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