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IP1DtVtDU/4i. ~'~~~~;1~ DUE ON 6At_'IE FORM NO. 720 u Loan Number__4i042___-_18 __ _1 __ TYp^ Branch 79.-.~~~~~~ MORTGAGE THIS MORTGAGE, made and executed this ----..---.11th.--.-...-... day of ....---. Apza:1.----.-.-------.... A.ID., 13-.-Z4._., between the Mortgagor, -.-Robert-- J.--Wheeler.-and_Nancy--L.,_,4lheeler} Husband and Wi_€_e, as 3oint Tenants ?,fitn_-riy'ut of s• fin nd rot as tenants in comraon, ---- ----------°-------- - ... .....- --..x.. - - - -•-- of ... Gran3 Island Hall State of -Nebraska hereinafter referred - -- ----- --...; County of - - - - ter as tl;e Borrower, and the Mortgagee, FIRST FEAEP,AL SAVINGS ANL~ LOAN ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 65501, its successors and assigns, hereinafter referred to -as Lender. WITNF.3SET'rI: That the said Borrower fox and in consideration of the sum of ................_...._........-.....-. 013$. H[INDREI)_FORTY-FIVE-_THOUSAND--AND_NO/lOQ-.--,------Dollars (US$.-145,000.00 --------) paid by said Lender, does hereby mortgage, grant and convey to Lender, its successors and assigns; Che following described property Located in the County of .-.-....Ha?:.' ............................ Stats of Nebraska: The West One Hundred Feet {100'} of Lots Four (4} and Five (5), Warren Subdivision, an Addition to the City of Grand Island, Hall County, Nebraska. TocETHEE with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil -and gas rights and profits, water, water rights, and water stock, and all fixtures now or hereafter attached to the property, ail of which, including reptace- menta and additions thereto, sl-,all be deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, together with said property (or the leasehold estate in the event this Mortgage is on a leasehold) are herein referred to as the "Property". Borrower covenants that Borrower is lawfully seised of +,he estate hereby conveyed and has the right to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will wanarrt -and defend generally the title to the Property against aU claims and demands, subject to any easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- suring Lender's interest in the Property; or (2) attorney's opinion of title from abstract of title certified by bonded abstracter. PY4YIDEb ALWAYS, and these presents are executed and delivered upon the following conditions, agree- ments and obligations of the Borrower, to-wit: The Borrower agrees to pay to the Lender. qr order, the principal sum of -...._._ ................._..-......_...-..-. ONE,_tITJNDRED. FORTY-FIVE THOUSAND AND NU/100 --------- Dollars (US $-.145,000.00 ) payable as provided in a note executed and delivered, concurrently herewith, the final payment of principal, i€ not sooner paid, on the ..- fir~t_-__-__... day of _....Novetpber ._ . _._....._, 1993.... Uxrrrornt CoveNnxrs. Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest Borrower shall promptly pay when due the principal of and in- terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Nofe~ 2. Fonda for Taxes and Irasur~ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor- rower shall pay to Lender on the day monthly installments of pri.*~cipal and interest are payable under the Note, until the Note is paid in full, a sum therein "Funds'•') equal to one-tweffth of the yearly taxes and assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus one-twelfth of yearly premium installments for haiard insurance, plus one-twelfth of yearly premium in- stallments for mortgage insurance, if and, ail as reasonably estimated initially and from time to time by Lender-on the basis of assessments and bills and reasonable estimates thereof, Lender shall apply the Funds to pay .said taxes, assessments, insurance premiums and ground rants. Landes shall make no ejrar~e for so holding and applying-the Funds or verifying and compiling said assessments and bills. The Len er shall give to-the $orrower, without charge, an annual accounting of the Funds showing creditor and debits to the -Funds and the purpose far which each debit to the Ftrnda was made. The Funds are pledged as additional security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the Leader-and' mnuningled anth other- funds -and -the Lender's-own funds and the Under may pay such items from. its own funds. and the:- Lender shall not. be liable for interest or dividends on such Funds. ' Zf the amount of'the Funds held by I+ender, together with the future monthly installments of Funds ••"' payable pnor;to the due dates of taxes aesments, insurance remiums and ~~% the amount ~ P ground rents, shall exceed -squired to pay said tom, eaeeeeamenfs, insurance pt~miums and ground rents as they fall due, such'earxss shall be, at Bormwbr's 9pt~t1, either promptly repaid to $ormwer or caedited to Borrower on "° monthly insfa~nents- of Funds. If the autount of the Funds held by Lender shall not be sufricient t;, pay faxen, a_~se~rrmnts, L+rsuranr~-premiums-and ground terrts as they faH due, Borrower shall pay to Lender any amou~tt_ necessary to make-un the. deft~xtcy within thirty clays after notis:e from Lender to Bo-mower requesting payment thereof," or I3errtr4uer shell, ley an irscrea~ in monthly Lnstailsents of Funds required, repay the deficiency within the Fund accounting period. Upon payment in full of all some secured by this Mortgage, Lender shall apply Funds held as a credit against all sums due.