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INDIVIDUAL
<br />DUE ON SALE
<br />~~ OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FORM No. 720
<br />L Loan Number__._407~1 - 18___- 1
<br />-------- -----
<br />TypG 8rsnch
<br />79--;' (} €~ 22 ~ 7 Ni O R T G A G E
<br />THIS MORTGAGE, made and executed this _.......~~ ................. day of _..~.P.r..L~................... A.D.,
<br />i9.7g',_, between the Mortga or, .Robert J. Wheeler and Nancy L. Wheeler, husband and wife,
<br />jointly and each in their own right
<br />of __._Grand_Island.______., County of ..... _Hall.__.._._..___...., State of ....Nebraska.__._, hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST 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 />WITH x• Tt~t said Borrower for and in consideration of the sum of ...SIXTY_SIX__TEIOtTSAND
<br />SIX HUN ttND / 0----------------------------- , 66,600.00
<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 seven (7) . dock Ctle Htsldred Fifty-'Itao (152) , Union Pacific Itail.road
<br />Company's Secald Addition to the City of GYazld Zslarld, Hall Cotnty, Nebraska
<br />TocETxSS 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 fiatures now or hereafter attached to the property, al! of which, including replace-
<br />ments and additions thereto, shall be deemed to be and remain a part of the property covered by this
<br />Mortgage; and ail of the foregoing, together with said property {or the leasehold estate in the event this
<br />Mortgage is on a leasehold) ace herein referred to as the "Property".
<br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and cronvey the Property, that the Property is unencumbered, and that Borrower will
<br />warrant and defend generalh• the title to the Property against all claims and demands, subject to any
<br />easel~nts and restrir_t-ions listed in a sch~lule of exceptions to rnvernge in any title insurance policy in-
<br />Leader's interest in the Property, or {2} attorney's opinion of title from abstract of title certified
<br />by handed abstracter.
<br />Pgovipgp ALwAYR, and these presents at•e executed and delivered upon the following conditions, agree-
<br />ments and a6ligatiol~a of the 13orrawer, tin-wit:
<br />The Harrower agrees to pay to the Lender, or order, the principal sum of . BiXY SIX TtI€1lSA,~'I)
<br />5I~ HIIIII)Ftli? AfID I10fI00--_~______....._-----°--_-°---'Dollars (L`S $. fif+,~flt<-'@0 .,. .- - -....)
<br />payable as provided in a note executed and delivered, concurrently herewith, the fins[ payment of principal,
<br />if not sooner paid, on the -.....girgt- -.. _._ day of ...-... stay _.. _ _ , ~ Zt3(1-'+
<br />UyllroitM GovwNeNTS. 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 Nate, prepayment and late charges as providrel in the ?Vote,
<br />and the principal a! and interest on any Future Advances w,s<•urerl by this Mortgage.
<br />2, Funds #ir Taxes sad laauranca. Subject to Lender s option under paragraphs ~ and 5 hereof, Boc
<br />rawer shall pay to Lender on the day monthly installments of principal and interrat 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 noel
<br />assessments which may attain pnarity aver thi~+ ~#artgaga. and ground rants un the Pmt~rty, if any plus
<br />one-twelfth of yearly premium inatajlment.~ tar haaard insurance, plus one-twelfth of yearly premium iIr-
<br />stalllnenta for mortgage insurance, if any, all as reasonably ratimated isutially and from time to rinse by
<br />Lender on the basin of a^oaesslnenta and bills and r~sonahle estimates thetxeot, ).Onder shall appl the Panels
<br />to pay said taxes, assessments, inseuusnee premiuan_a and ground yenta. Lender shall make no c~arge far so
<br />-' holding -grad agpiying the Sunda ar verifying -sod e~ompiting said assessments and bills, The Lender shall
<br />to-the Bolxowet, ~itbrntt charge an annual a~auntang at the Funds showing ereciits and debits to the
<br />~nds sn~l the purpose for which each debit to the Funds was made. The Funds are pledged ae additions!
<br />security foot the same aerated by this Mortgage, fine Borrower agrees that the Funds may be bald by rho
<br />Iiecide>• and oommiagled with other fvnck aril the Loader's awn funds and the Lender may pav such items
<br />from its. awn funds and the Lender shall not be liable for interest or dividends on such Funds.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds
<br />p. altle prig to the duo dates of team, aaaesslnen#s, insurance premiums and ground rents, +~hall exceed
<br />the amount rerlnireri to pay said taaea, asments, insurance prenllume and ground rents as they fall due,
<br />such eaoeas ehail bey, at Borrower's option; either prom fly re d to Borrower or credited to Borrower on
<br />monthly installments of Funds, If the amount of the Funds held by Lender shall not he sufficient to pay
<br />taxes, - Ea, Dance premiums- and- ground rents as -they fall dve, Borrower shall pay to Lender
<br />any atnannt necessary to make vp the deficiency within thirty days after notice from Lender to Borrower
<br />tequeriting payment thereof, or Borrower shall; by an increase in yuonthly installments of Funds required,
<br />ropey the deS~ency ~*ithin the Fund accounting period.
<br />Upon payment in full of ail auma secured by this Mortgage, Lender shall appl}~ Funds held as a credit.
<br />against all sums due.
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