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INoivfauAL
<br />aUE ON SALE
<br />~~~ ©RTICANAL Rt,)TUf2E AaYANCES
<br />~~~~>~y~ SAVINZsS RUNG
<br />Ftl RM No. 72Q-479
<br />loan Number_ _ _ _ 1 93 199 1
<br />Tyoe Branch
<br />79-`~~"~ M O R T G A G E
<br />THIS riORTGAGE, made and executed this -.-...__.lll.._....__.. da of _ ~ u- ............._. A.D.
<br />I9.7~...., between the Mortgagor, .......RgberL...J. t?I?ee.)_er_.ana..Nancv_L-Wheeler,.-husband.-and., wife-,
<br />..--joint7,y_,~nd. each-.in,.their_own,right__._ ,,...
<br />of ...-_.~r~'?~...Island.-._-, Caunty 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 08501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />Wt•rrrESSErx: That the said Borrower for and in consideration of the sum of ._ ..Sixteen..Thausand
<br />Five.Hundx.ed.-and..Nn.LLDD--.-----.-- -.-----.------.-----r.-------Dollars (US 5......Zb.,.~00...QD....._....-...)
<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 Eight (8), Block Oneilundred Fifty-two (152), in Union Pacific Railway Company's Second
<br />Addition to the city of Grand Island, Hall County, Nebraska and a tract of land described
<br />as [hat portion of Sutherland Street vacated by City of Grand Island Ordinance No. 1457
<br />adjoining Lot L=~;ht (8), Block One Hundred Fifty-two (i52), Union Pacific Railway Company"s
<br />Second Addition to the city of Grand Island, HaI1 County, Nebraska, being more particularly
<br />described as follows: Beginning at the Southwesterly corner of L,ot Eight (8), Block One
<br />Hundred Fifty-two (152); thence Northeasterly along the Southerly line of said Lot Eight (€)
<br />a distance of Sixty-six (66) feet to the Southeasterly corner of said lot Eight (8} thence
<br />continuing Northeasterly on aforesaid line, "See Attached Exhibit "A"
<br />TocETrtr:x with all the improvements now or hereafter erected on the property, and alI easements,
<br />rights, appurtenances: rents, royalties, mineral, ail and gas rights and profits, water, water rights, and
<br />water stock, and all fixtures now or hereafter attached to the property, all of which, including replace-
<br />ments and additions thereto, shad be deemed to be and remain a part of the property coveted by this
<br />Mortgage; and all of the foregoing, together with said prroperty {or the leasehold estate in the event this
<br />Mortgage is on a leasehold) are herein referred to as the "Property".
<br />Bor-rr~wer covenants that Borrower is IawfullY seised of the estate hereby conveyed and has the right
<br />to mortgage, grant and convey the Property, that the Property is unencumbered, and that Harrower will
<br />warrant and defend generally the title to the Property against aA claims and demands. 4ubject to any
<br />AASiernents and *!'-StriCtinnc 1;-stud un a ~•l,etiula of exe.~ptians to ~•overaRe in anc~ tittn ?~urartr~e LY?licy ~n-
<br />:turinK Ltmder's interest in the £'mperty, or t'?1 attgrney's opinion of title from abstract of title ~rtifred
<br />by banded abstracter.
<br />PRi5VttlFtr Aiw~Ays, and these present{ are executed and delivered upon the follnx-ing candiua~ ait~ee-
<br />menis anti abiigations Cif the Borrower, to-wit:
<br />The Iivrrawer agrt, ~ to pay to the Lender. or order, fhe principal ,urn of aixtettn 7`ltoussnd
<br />Five.-hundred and No;.LDD--------------_.._~_------~-----_-,{hallars it's ~ 16,5DCI.i .. )
<br />payable as pmvidecf in s note executed and delivered, coneurrenth~ hemwith, the final payment of princilxvl,
<br />if not. soancr paid, on the .. .- .Firs[....... day of . Octaiair 19 -79.
<br />UrrrFOenr Covt:xnx°r,. 13orrawer and Lender coventrnt trnd a:;ree as folta~vs:
<br />t, Payment of Principal cmd Interea#, Harrower shall promptly pay when due the pri.ncitvri of and in-
<br />terest. on the inclebtednc~;s aviclenct:d by thrr Bute, prepa~•rncnt and late charges as ptrovided in the Nate,
<br />and the urincipal of and interest an any Fut~rre Advances s~•crrrrri 1?!' ti,is ~lortra~;e-
<br />2, Funds for Taxes and Insuranc®. Sutri<'K•t to l,t>nder'+ irption undt:r paragrnphs 4 and 5 horror, &rr-
<br />r<rwer shall pa~• to Louder on t-isa da4• ruunthl~' inwtxilnients of ptzncip.91 sad interest ara~ payal>!e Crad<~r the
<br />itiote, unkil the I~rote ie paid in felt, a sum (he=rein "Funel`i') equal to one-twelfth of the yearly taxes antl
<br />tissessnrents which may att;:,:r pritrrih• over this \furtgage, and graund rents on the Property, if troy plus
<br />one-twelfth of yearly premium installnrenty for hazard insurance, plus one-twelfth of yearly premium in-
<br />ytallntents fcrr rnartgage insurance, if any, at- as reascrnatrh• t~rtimated initially and from time to Brno l,y
<br />- t-~nd~_ ~ rho 1=;rll of a~:; .mE;nt<: ar3t1 hiiLz ,~ nd z~~~,,iraEsl€~ ~=stitn:.t f h:~re*::t, I.ondrr shall apfty the F:zacl:~
<br />ta> pay ::~airl '.:axe-ry, assessments, incuranc~ t~rrttiutns ttnd graund rents. l.tnd~•r shall make na rhargr for sa
<br />holding and applying the Funds or verifying and compiling said assessments and bill~:. The Lender shall
<br />give to the Borrower, without charge, an an»uai account-ing of the Funds drawing credits and debits to tho
<br />Funds and the purpose for which Mach debit to the Funds was made. The Funds are pledged as additional
<br />security far the sums secured by this Mortgage, The Borrower agrees that the Funds may be hold by the
<br />7 ender ani! camrningled with other funds antf the Lender's own €unds and the Lender Wray pay such items
<br />.from its own 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 wits: the future monthly instaFlments of Funds
<br />payable prior to the due dates of ti.xes, assessments, insurance premiums and ground rents, shall exceed
<br />the amount required to Pay said taxes, assessments, insurance premiums and ground rents as they fall due,
<br />such excess shad be, at Borrower's option, either promptly repaid to Borrower ar credited to Borrower on
<br />monthly instalimenta of Funds. If the amount of the Funds held by Lender shall not he sufTicient to pay
<br />taxes. assessments inauraeee nramsrtmc Ard ~..~,r.na rertR as they fall due. Bo.~~er shall pay to Lerrtter
<br />any amount necessary to make. up the deficiency within thirty days after notice from Lender to Borrower
<br />requesiing Payment thereof, or Harrower slr~, by an ;n._r~~,~ it+. naonthfy inst~+ttr»ent_5 of Funds required,
<br />repay the deficiency within the Fund accounting perioci-
<br />Upon payment in full of all soma secured by this Mortgage, Lender shalt apply Funds held as a credit.
<br />against. all sums data.
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