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INDIVIDUAL
<br />DUE ON SALE
<br />~~~' l OPTIONAL FUTURE ADVANCES
<br />SAVlNG5 FUND
<br />FORM PIO. 72n-,479
<br />Loan Number_ 43133 ___- I88 __---_ 1 __
<br />true a.a~cn
<br />~9-~° ~~~~~~ N(O R T G A G E
<br />THIS MdRTGAGE, made and executed this .__._.. 5 ..............__. day of S~P.keisbes..___........._.. A.D.,
<br />I9.____.., between the Mortgagor, Alf•zad..W.....Heckler...and..Iudit.h..K,..Eeckler,..husband..and..wife;
<br />.Gordon..W,..-B.attkZe.L..c~nsl._S.andza.-&sckler.,...hushand..and. P.cif e>...as...tenants..in..conannn, ..............
<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 />WITNESSETH: That the said Borrower for and in consideration of the sum of .,SIXTY EIGHT THOUSAND
<br />AZir?..lvol.loQ------.-----.-.-c--------.°--rrc----r..----.---cc.Dollars {US $-.fi8,D.00_00 _. J
<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 Nehrnska:
<br />;.,ot Nine (9}, Block Four (4}, in College Addition to West Lawn in the city
<br />of Grand ''island, Hall County, Nebraska
<br />ToceraEa 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 stack, and all fixtures now or hereafter attached to the property, all 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 all of the foregoing, together with said property (or the leasehold estate in the event this
<br />Mortgage is on a Ieaseheid) are herein referred to as the "Property".
<br />Borrower covenants that Borrower is lawfully seisecf of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Progarty, that the Property is unencumherecl, and that Borrower will
<br />'warrant and defend generally the title to tire. Property against. all claims and demands, subject to any
<br />easements and restrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br />srrrinn Lender's interest in the Propi*rty, or i`?) attorn+=y's +,pinion of title frfm abst~cc of title c~rtifi~
<br />by banded ah=::tractor.
<br />P flovtatsn ALw'AYS, and these presents as~i+ executed and delivered upon the followine ~~onditions_ a¢ree-
<br />ments and ohiigatians of tiro Borrower, t'~o-wit:
<br />The Borrower agrees to pay to the Lender, or order, the princ•ilxil sum of $IYTY - EIGH,~'- TNOUSA}'dU ,
<br />AND NO/100----°------ ----------- ---- ------
<br />__._ .. .._.._.. _.DoHars (US 8.b8,Q00,.00 _... )
<br />payable as provided in a note executed and delivered, cone•urrenth• herewith, the final payment o[ principal,
<br />if not sooner paid, on the .- _.. k'_i,I'st.- _- dnv of __.. April. . . __- _ , - -, ?0~4
<br />UNU~•oadr Cot Fxn±+tTS. Borrower and Leander covenant and agree as follows:
<br />1. Payment of Principal and Interest. &xraw•er shall promptly gay when due the princital of and Ira
<br />tercet on the mdehtedness evidanceci by the Note, prepayment and late charges as provided in the Note,
<br />and the 1>rincipa{ of and interest on any Future AAdvances ,ecutcvi by this ~llartgage.
<br />2. Punda for Taxes and Insurance. Subject to Lender's option under paragraphs Q and 5 hen~f, Bar-
<br />mwer shall pay to Lender on the day mcmthiv insisitn+ents of principal and interest are payable under the
<br />Dlot;e, until the Nato is paid in full, a sum (herein "'Funds"} egcrai fa one-twelfth of the yearly taxes and
<br />asses.9menis which may attain priority aver thin hfortgage, and gmuncl rent, on the Property, if any plus
<br />one-twelfth of yearly premium installments for hazard irrsurnrne, plus one-twelfth of yenrly premium in-
<br />stallrrrents fnr mortgage insurance, if anx, all as reasonably estirnateci initially and from time to time by
<br />Lender on the basis of a=ss+~srnents and hr!le and rear=cznahi~ est:mat~ #~tioreaf. L~ndsr shall :reply tl:a Fan€ls
<br />to pay said taxes, asai>~sments, insurance premiums anti t;mund rents. t.xnder Shall make no charge far ;:ir
<br />hofcfing acrd applying the k'unds or verifying and annpiting said assefismenis anti bills. The bander GhaII
<br />give- to the Borrower, without charge, an anrrual accounting of thi± Funds showing credits and debits to the
<br />Funds and the purpose for which each debit to the Funds was made. 'Cho Funds are pledged as additional
<br />security for the sums secured by this ILlortgage. The Harrower agrees that the Funds may bo hold by the
<br />Lender and commingled with other funds and the Lender's own funds and the Lender may pay such item.4
<br />-- from its ow>n funds and the Lender shall not he liable for iatereat or dividends on such Funds.
<br />If the amount of the Fw.da held by Lender, together with the future monthly instalhnents of Funds
<br />payable prior to the due dates of taxes, assessments, insurance premiums and ground rents, shall exceed
<br />- the amount required to pay said taxes, assessments, insurance premiums and gtnund tents s.R they fall due,
<br />such excess shall lee, at Borzower'a option, either prumptly ragaid to Borrower ar credited to Harrower on
<br />monthly installments of Funds, If the amount of the Funds hold by Lender shalt not be sufficient to pay
<br />taxes, assessments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender
<br />.any amount necessary to make up the deficiency within thirty days after noti~± from Lender to Harrower
<br />requesting payment thereof, or Borrower shall, by an increase in monthly installments of Funds required,
<br />repay t;re cieficieney within the Fiend accounting period.
<br />Upon payment in full of all sums secured by this Mortgage, Lender sh•.Il apply Funds held as a credit
<br />against. all sums due.
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