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INDIVIDUAL DUE ON SALE OPTIONAL FUTURE ADVANCES SAVINC,S FUND ~~ FogM No. 72n-479 Loan Number___415G8-- -1l3~--- -~,~-~ 79- UG3S84 M O R T G A G E THIS RfORTGAGE, made and executed this ............1.1,........._.... day of .-....._.dmle..._ .._....._..-. A.D., 19..29_-, between the Mortgagor....Douglas..A:- i3e?ler and Debra L~ Weiler; husb-mId and-wife; _.- jo#ntly--anc#~-eaeh #n -thee-r~ -osm -r#ght~v~ ------------------_- -- of -._.tsran3..Zsl.and._-...., County of ..-....Hall-.-- ............... State of -.Nebraska.. -. ,hereinafter referred to as the Borrower, and the Mortgagee, FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, 1235 "N" Street, Lincoln, Nebraska 65501, its successors and assigns, hereinafter refereed to as Lender. WITNESSETH: That the said Barrower far and in consideration of the sum of 2WENT'1-- FOUR THOUSAND _.... -- - TWO HUNDRED AND NO/ 100 ----------------------------Dollars (US w_ 24 , 200.00. --. - ) paid by said Lender, does hereby mortgage, grant and conve~~ to Lender, its successors and assigns; the following described property located in the County of _._ Ha 1 State of Nebraska: i,ot Two (2}, Black Thirteen (i3j, ai Sehiaaaer's Addition to the City or` Grand Island, Hall County, Nebraska TocEaxea 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 properky, a1 of which, including replace- ments and additions thereto, shall oe deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, together Rzth 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 ig lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and demands, subject to any easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in- suring Leader's interest in the Property, or (2) atton.ey's opinion of title from abstract of title certified by bonded abstracter. PaavlaEa ALWAYS, and these presents are executed and delivered upon the following conditions, agree- ments and obligations of the Borrower, to-wit: The Barrower agrees to pay to the Lender, or order, the principal sum of _iWENTY_FOUIL-.THOIISANII.- ---TW0-Hi3NDR£I3--ANll-la0~18(1---t----r.=-=r-.r---.-----------Dollars (US ti..2G-,20G_DII...-.. _ .---.-- _-) payable as provided in a note executed and delivered, ccncurrentl}- herewith, the final payment of principal, if not sooner paid, an the ----.-- 1§~__._.. -day of __.._.~?v>y _. _ . -__ - - ., 1q~. 2QQ9 LTxl~azvl Covsxnxrs. Borrower and Lender covenant and agree as follows: - 1. Payment of Principal and Interest Borrower shall promptiv pay when due the principal of and in- terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note, .- and the principal of a_nd interest on any Future Advances secured by this Mortgage. 2. Funds for Taxes and Insur~ce, Subject. to Lender's option under paragraphs 9 and 5 hereof, Bor- rr~wer shall pay to Lender on the day monthly installments of principal and interest are payable under the Note, until the Note is paid in fuII, a sum (herein "Funds") equsi to one-twelfth of the yearly taxes and assessments which may attain priority aver this Mortgage, and ground rents on the Property, if any plus one-twelfth of yearly premium installments for hazard insurance, plus one-twelfth of yearly premium in- stallments for mortgage insurance, if any, all 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, irtsnrance premiums and ground rents. Lender shall make no charge for so holding and applying the Funds or verifying and compiling said asssesments and bills. The Lender shall give to the Borrower, withant charge, an annual accounting of the Funds showing credits and debits to the Runds and the purpose for which each debit to the Funds 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 Lender and cammingied with other funds and the Lender's own funds and the Lender may pay such items from its awn flmds and Idle Lender shall not be liable for interest or dividends on such Funds. '" If the arnaunt of the Fnnrls held by Leader, together with the future monthly installments of Funds payable prier to the dne dates of taxes, assessments, insurance premiums and ground rents, shall exceed trite amount regnired to pay said taxes, asaesslneats, insumance premiums and ground rents as they fall due, such exe~es shall be, at Borrower's option, either pmmptiy repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the Funds held by lender shall not be sufficient to pay taxes, assessments. 'n~.ra^ce premiums and grotmd rents as they fall due, Borrower shall pay to Lender any amount necessary to make np the deficiency within thirty days after notice from Lender to $orrower requesting paymet't thereof, or Borrower shall, by an increase in monthly installments of Funds required, .. - . ;_.. repay cue ueu~zency within the 1 tine accounting period.... _. _ .. LTpon payment in full of aii sums secured by this fi~fortgage, Lender shall apply Funds held as a credit: against all soma due.