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INDIVIDUAL
<br />DUE ON SALE
<br />Fermi Ne. 720
<br />~' ~ i_oan Number____~+?589 - 18 - 1
<br />------ True-----armcn
<br />79--tjQ344$ M 4 R T G r4 G E
<br />THIS MOi?TGAi~fi, mane and executed this ...._.....-t'th_..._.... day of ......rune---. - _... A.D.,
<br />19. 79 _., between the Afortgagor, -Robert_-J,___b'haeler--and_-Nsncy_L._ Wheeler, Husband-_and.-Wife,
<br />_. _... _ -
<br />~fi..,7o-kn.t--T.~??~nts...and..:a?ot _ 3s .Tenants_.in Cotononz....----- .............._.
<br />of . %ratici ,island ,County of ....-..Ha13 _. -,--........... State of *~ebraska_,_ .__ hereinafter referred
<br />to ac the Ht;rtt>wcr, and *, he \Snrt.gagee. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN, 1235 "N" Street, Lincoln, Nebrnska 68501, its succes_cors and assigns, hereinafter referred to
<br />as Lenaer.
<br />9~trtvesssrx: 'T`hat the said Harrower for and in consideration of the sum of .___... __.._....._.._.._._..
<br />£IFSI-Q~E .THO1:S_~~D..A:'~D Rt?L100. c-----.rr.--c.-.-------c.Dallars tUS ~.SL,-~}9.,.Q(1--..-_ ..............)
<br />paid br said Lender, does hereby mortgage, grant and convey to Lender, its succeacots and assigns; the
<br />fallowing described property located in the County of .._-....Ilal.l.--......-.- ............. St<9te of Nebraska:
<br />Lot Eight {8) in Black four {4), in John Vaitle's Addition
<br />to the City of Grand Island, Aa31 County, Rebraska.
<br />Tacerxea with all the iaxprocements now or hereafter erected on the property, and all easements,
<br />rigfats, agpurtenanoec, tents, royalties, mineral, oil and gas rights and profits, water, water rights, and
<br />w•atez stock, and all fixtures now or hereafter attached to the properh•, sll of which. including replace-
<br />ments and additaans thereto, shad be deemed to be and remain a part of the property covemd by thi~5
<br />A4ortgage; and all of the #aregoing, together with said property (or the leasehold estate in the event this
<br />1liortgage is oft a leaseholds are herein referred to as the "Property"
<br />Borreower rnvenants that Horrower is lawfully seised of the estate hereby cr*m•eyr-d and has the right
<br />to mortgage, grant and come}• the Propert}•, that the Property is unencumbered, and that Hom~w-er will
<br />warrant and defend generally the title to the Property against all claim: and demands, sul+jet•t to any
<br />easements and restrictions listed in a schedule of excep#ions in coverage in any title insurance policy in-
<br />suring Lender's interest in the I'rnpertc, ar t°1 attorney's opinion of title fmm atastr~~•. t of title certified
<br />ksv bonded abstracter.
<br />ParyF-tnefl Atwess, and th~^:e pre~nts are exfrvted and delivett,d upon the followit,g conditinrts, agree~-
<br />ttttmts and obligations of the Borrower. to-w-it:
<br />The Harrower agr~ to tmc to the Lender, ar order. the principal sum of
<br />Fib-~k`E T6t)1_?j6ldl3 AID. If~?1`-:tom ---. ..---_--_ I~itlatc t l'fi 5i, t~Qfl. t~Ci ---°- t
<br />pa}°able as prrn-idc-d in a note esrruted and dc-live-red, c~,neum:ntl}° herewith. the ftnal pa}ment of tirinci~i.
<br />if tx>t sootrer paid. nn the first da} of ,tuly In 4+ •
<br />L7rt~aan t C7\'ENA!w~. Homier and Lender rnvenani and agree as follow.:
<br />1. Payment a# Principal arsd Iaierest. F.oszvwer shall promptly pay whFn due the ;trinrigsl of and in-
<br />ter~ct rn the indebtedness ec•idera~d ley the Note, pr*-pa}•tnent anti late .narges as provided in the Note,
<br />2 Farads far 7mces a~ lasus,®ee- Subject tt} Lenders notion under paragraph-. 4 and S hereof. Bor-
<br />rower shall pa}• to bender an the da}- monthly inatallmertt of principal and interest are payal;le under the
<br />Nntz, ttatil the :tiate is pard in fall, a Burn therein "Fund=•'1 e~uai to one-twelfth of the }•earh• tase~ and
<br />assessments which tnav attain griorit}- aver thin \longage, and ground rents on the Property, if any plus
<br />Dare-twel#th of yearn pmauutn installments #or ha~rrl insurance. plus one-twelfth of yearly premium uy-
<br />atallmetrts far mortgage ina-ursace, if any, all as reasonabl~• estimated initialli and from titre to time by
<br />I.ertder err the basic,- of assesa'tments and trills and reasonable estimai~; thereof, Lender shall apply the Funds
<br />to ley said rases, s.nran'ts, itssursrxe preu lams and ground tints. Lender shall make no : barge fnr s.s
<br />ludditrg and applying the Funds or serif}-ing and compiling said a.~sments and hi11s. The Lender shall
<br />~°^ *n t grower, with..-t ct.,a~rg$. a n ~-~;.f amounting of the Furyds showing crcdita and debits tr, the
<br />Futtda and the purpose far which each debit. to the FuntLs was made. The Funds are pledger] as additional
<br />aeeitrit~r far the €ums scettrsd by this ~iattgage. The Borrower agrees that the Funds tna}• be held by the
<br />Lender and sxunmingled a-ith other funds and fire Lender's osvn funds and the Lender may pay such items
<br />from Sts Hurt futrds and the Leztder shall not be liable fnr intere:;t ar dividends on Bach Funds.
<br />If stye and sat #kte Parole bald by Imo, tsgeiher Leith tlae future monthly installments of Funds
<br />~ tsr ~ ~t~ sf s, insurance pmniutruz and ground rents, shall exceed
<br />ammrrtt r'84~~ to pey anal taws. pia, insurance prsartiums and ground rents as they faH due,
<br />stx~ -shall be, at Borrawsa's srptMtrt, t>zther promptly repaid to Harrower or credited trt Borrower on
<br />raars"tirlY isrsfaEhn+artta of Funds. iu flee asst of the Funds held by Lender shall not be sufficient to pay
<br />~+ ~ ~ sad ground teats as they fall due, Borrower shall pay to Lender
<br />smf atnaurtf necea~ary to make up the deftq refthin thirty days after native from Lender to Horrower
<br />requestsag payment-f, or ~ sha31, }~ an increase in mnntlrl}' irtstallmenis of Funds rrguired,
<br />rely the defici~cy s-itlvn the Fund accounting period.
<br />G'wa t~ys~t err Loll err all a aeetrzed t+y this Mortgage, Lender shah apply Funds held as a credit
<br />against all sums due.
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