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IN'3tvlDUnL
<br />DUE ON SALE
<br />rN~7~ OPTIONAL FUTURE ADVANCE
<br />~~1{~~~++~~~~ ``~~ SAVINGS FUND
<br />~iriR.V0.1~ ~oR~ No.?34
<br />Loan iVumber__4137i___-__1~$_-__1__
<br />TyOe Bca~ch
<br />79- (tG2~3~g M C~ Ft "3` G A G E
<br />THIS MOR'T'GAGE, made and executed this .__._.?+~h._-..-..._.... day of ..__...Mag.__...._.-...._...-. A.D.,
<br />19._79-.> between the Mortgagor, ._...Rgbt'rt..J,._lait~.e,'~.er..and.,Nancy.-L,-..Idheeler-,- husband,.and,,,._.-
<br />....Sri,~e~..3.s~Aitt.7.:r .an~1 ,eaq.)i, in_ their-- oG~n-_ right, --_.--_--,
<br />of ... G>:anc)_.~&=and.-- _... , County of .. Hall-__ -..-_-.__-.._., State of _Nebraska--_--., hereinafter referred
<br />to as the Borrower, and the 141artgagee, FIRST FEDERAL SAti INGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "iv •' Street, Lincoln, '_tiebraska 68501;, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />~Virx,;sss•rx: That the said Borrower for and in consideration of the sum of ...THIRTY-QI3M.._.......-.-
<br />_.--THOilS~2TD, SIX ]i1rt~RED _4\D ::OJ i40--------------°-----Dol:,nrs (US $-..,31-,-5QQ..09...---------_...J
<br />----
<br />paid by said Lender, does hereby mortgage. grant and convey to Lender, its successors and assigns; the
<br />following described property located in the County af .......$a~l_-...,.-__._---.._-._-.-., State of Iebraska:
<br />lot iiveen ~lj; , in iniock ~wreii=e ~l~ j, of Boggs and Hi7.l`s vddition to the
<br />City of Grand Is~and, call county, Nebraska.
<br />Tocsrxhs R-ith al! the improvement, noa~ or hereafter erected on the property, and all easements,
<br />rights; appurtenances, rents. rayalti~, mineral, oil and gas rights and prams, water, water rights, and
<br />wstdr dock, and all fiztures n6u• or hereatter attached to the property, ail of which. including replace-
<br />ments and additions thereto, shall be deemed to LTe 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 i_c lawfully seised of the estate herehc conveyed and has the right
<br />to mortgage, grant. and convey the Property, that the Propert}• is unencumbered, and that Borrower will
<br />warrant and defend generalic the title to the Property against all clams and demands, subject to any
<br />easements and restrictions listed in a schedule of exccrtions to coverage in any title insurance policy in-
<br />suring Lender's iraterwt ire the Property. or (?) attorney's opinion of tide from abstract of title certified
<br />by bonded abstracter.
<br />PaUVIDEP ALWAYS, and these presents are executed and delivered upon the foLowing conditions, agree-
<br />ments and obligations of the Borrower, to-wi+.:
<br />The Borrower agrees to pay to the I~rder, ar order, the Y^ncipal sum of - -?'EITPTY~~NF--;'tfG.rr4,~T,D.
<br />._.S.~X.,li.UAiDHED- i>u~iD__v0! iOO---------------°-_----------.Ilollars (LIS 5...~.i_..6~A...QO.--.----- .-..._.)
<br />payable as provided in a note executed and delivered, concurrently herewith, the final payment of princip»t,
<br />if not sooner paid, on the ..---.-..1st .-...... day of .-.... i'laY. -- -'
<br />i~..i'42t)eF
<br />L;xIFOau CovexAx•rs. Borrower and Lender covenant and agree as follows:
<br />i. Payment of Pradpai sad fntereaL Borrower shall promptly pay a-hen due the pr.•nrpat of and in-
<br />terest on the indebtetlncss ec~ideaeed be the Note, prepayment and late charges as provided in the Note,
<br />and the principal of and inte*cs: an any suture Adeances secured by this Ziortgage.
<br />2 Fuada for Tales and Iasuraace. Subject to Lender's option under paragraphs 4 and 5 hereof, lior-
<br />rower shall pay to Lender on the dry manthiy instailmerits of principal and interest are payable under the
<br />Note, until the Note is paid in full, a seam f herein "'Funds") e~ua] to one-twelfth of the yearly taxes and
<br />assessments which may s#tain prorit}~ over this \fartgage, and ground rents on the Property, if any plus
<br />one-twelfth of yearly premium installment3 for ha2ard insurance, plus one-twelfth of yearly premium in-
<br />stallments for mortgage insurance, ii any, all as reasonably estimated initially and from time to time by
<br />1rEndet' on the basis of assee~;ments and buts and reasonable estimates thereof, Lender shall apply the Funcls
<br />Ltn ~c ~_ s4wi tn.na o ~.nn..fe :,. ^.^.~2 .. -
<br />aV< -- 8nd 8 1 ~ ~• F~*~-~ uu>ui ui>LL giOill Kf Lellti. LendC! shall IllNhC Gu Cfld1't,'C TVA' DV
<br />~ pp'ying t'ne Funds or verifying and compiling said assessments and bills. The Lender shall
<br />give to the Borrower, Withou# charge, an annual accounting of the Funds showing credits and debits to the
<br />F'uBtls and the parpase #or wt~h each debit to the Funds was made. The Funds are pledged as additional
<br />secutrity for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br />Lauder and commingled Wi#h other funds and the Lender's owar funds and the Lender may pay such items
<br />fa,oan its oivtt furufe and the Lender shall not be liable for interest or dividends on such Funds.
<br />If ti>ie amoo4t of the Fnnde held by Louder, together with the future monthly installments of Funds
<br />PaS to the rfase fiatea of #ffiea, aasesarrt~tts, inattrattce premiums and ground rents, shall exceed
<br />tie amoaant re4vixed topt y said fazes, ssae~n~ts, Insurartce premiums and ground rents as they fall due.
<br />such ezce~ shall be, Rt Boraower's optsata, eif~ea ~ntn~#Iy repaid to Borrower or credited to f3ormwer an
<br />sfufttt3tly its of Ftuada. If the amount of the Funds held by I.cnder shall net be sufficient t,s l,ay
<br />#~~> aeenta, insuta~e premiums nsd ground rnnts as they fall due, c'lurrowor shall pay to ..ender
<br />any a-~xtuxtt nee~serY to snake up fete defieitntey within thirty days aftEr notice from Lender to Borrower
<br />~4~& ~~fly'~yl~ne~rit tfiereu#, or Bar'rowxr sltafl, by an increase in monthly instttilenentti cef F'undv reyuircxl,
<br />rename tl~ f~_ait_`y "f in fiw SS.~nQd a~ Z.1LZg-peru..;,a.
<br />Upon paymentsn full of aft sums secured by thiH Mortgage, Lernder sh~tl apply Fund;; he•Id a~ a <•re{lit
<br />agairnft al] sums. due.
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