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<br />INDtYfDUAL
<br />DUE ON SALT;
<br />OPTIONAL IeUTURE ADVANCES
<br />~aAV1NGS EIIJND
<br />FORM No. 72Q-4?9
<br />Loan Number___33 2 --199 1
<br />TYGe 9ranc~+
<br />M O R T G A G E
<br />THIS MORTGAGE, made and executed this -. _ ._%.Q- -.__...__ day of .. ~..,cc~~~iz,.,l~t~_.. A.D.,
<br />19..22.., between the Mortgagor, ._...Alfred._W,_-Beckley,-and Judith._K. heckler, husband and
<br />_-~-~
<br />wi.fe,,,jointly_and-, each._tn,.thefr_own_right,_-,._ -
<br />of .Grand,. Island-.-_,____ _, County of .._._ Hall. _, State of Nebraska ,hereinafter referred
<br />to as the Borrower, and the Mortgagee, FIRST FEDERAL SAV'ING6 AND LOAN ASSOCIATION OF
<br />LINC7LN, 1235 "N" Street, Lincoln, Nebraska i3ti501, its suceecsors and fssigns, hereinafter referred to
<br />as Lender.
<br />WtTxFSSertr: That the said Harrower for and in consideration of the sum of ...THIRTY., SEVEN...,_,._--
<br />THUUSANI?...ULd&.-H.13AtRI3EA--ANA...NULI.OQ..-cr.. -crc-°----.---r....Dollats (L?S x..37-,100,00-._._.._-----.-)
<br />paid by said Lender, does hereby mortgage, grant and convey to Lender, its succeacors and assigns; the
<br />following described property located in the County of _.... _Hali,._, ._- ___.._,,...., States of Nebraska:
<br />Lot Nine (9) 131ock Three (3) Pleasant View Addition to the City of Grand Island, Hall
<br />County, Nebraska
<br />Tcc:erxerr n~ith alt the improvements now or hereafter erected nn 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 atf 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 an a leasehold) are herein referred to as the "Property".
<br />Borrower trovenants that Borrower is lawfully seised of the estate hereby conveyed and has the righi
<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 Propert;v against all claims and demands, subject to any
<br />easements and rrtrictions tested in a schedule of exceptions to coverage in any Title insurnnce policy in-
<br />s;ring Land.>r'= interest in the Frapcrty, or (2) attorney's opinion at' title from abstract of title certified
<br />by bonded abstracter.
<br />Pactvausn :~r.w,t~•s, and the: presents are rxt~uted anti delivered upon the fotlow~ny, canditiorts, ag er~-
<br />._nt° _~ cl ~ 1?ligat?ttn_ of the Borr~,ver, t:,-wt:
<br />The I3orn,wer a_sre_•s to pay tc~ lire It~le,-, ax ordez, r_he princi,~l sum. =~f .?'tllf£'Zy- ~'_~=~.N,.-~.t~A;'*~#
<br />•dNE Ili}NUlt~fl ANll NU,£l0U -- t.-.-<. - .--- --...--- --.---..[)ollars (L'S S . 37,1t1~.Qt) .. _ .., ..... )
<br />payable as protdded in s Hate executed and delivered, t~Yncurrently herewith, the final }xtyment of principal,
<br />if noi. sooner paid, on khe 2st .. day of Qetataer .. .. . . ....... 1!~r. ?Qt~ls
<br />L~ititi:osnr Cavt•:'vr,xr. torrower and Lender covenant and agree a. follows:
<br />1. P¢yment of Principal azrd ant©rest. Horrowt:r shall promptly pay when due the: princi}>,v3 0£ and in-
<br />terest an the indebtednes_, evidem'ed by the \ote, prepa}'meat and -late charges as provided in the Note,
<br />and the principal of and interest an any Future Advances scK•ured by this \tortguge.
<br />Z. Funda~ for Texas and ln;surunce. Subject to Lender's option under pnragrrrphs d and ;~ hert~ot, 13ar-
<br />rawer steal! pay tc, L.c~nder un the day monthly installments of principal and intf~rest an* payable under the
<br />Mate, until the ti~ate is p>~d in full, a :gum (herein "Fund:"1 equal ko cat°-tK°~Ifth crf kF~ vvarly tax~~. and
<br />assessments which muy aitain priarify aver this ;mortgage, and grctunci rents on the l'ro}t~triy, if any plus
<br />env,-twelfth of `•exrly premium irtstailrnertts for hazard insurnnce, plus one-twelfth of yt"arty premium in-
<br />stalktnents far mortgage insurance, if any, ull art reasonahiy e.ttimated initiallt~ and frrxn limo to time lty
<br />L,ensler on the 6nvis of assessments and hills and reasonal,le estimates ther+r~of, ~.a:nder ahall apple the Funds
<br />~. , =y -~_'`- .~xr ,s~.sir:,uat,, insurance prnrttiurrrk and ground rents. Lentlrr shall snake rrcY t~har~ for sa
<br />halding~,rnd alrp,~tng the Funds ar verifi_ ,tag and compiling said assesssrtents and b_Fll-. The Lerttler "hall
<br />give to the Borrower, without charge, an annual accounting of the Funds showing crrrlits and debits to the
<br />Funds and the purpose fax which each debit to the Fund, was made. The Funds are pl~cfg€d as additional
<br />security far the sums secured by this Ilfortgage. The Borrower agrees that the Funds may be held by the
<br />Lender and comrninglecl with other funds and the Lender's awn funds and the Lender may pay such items
<br />from its own funds and the--Lender shall not be liab#e far interest or dividends on such Funds.
<br />If the, amount of the Funde held by Lender, together with the future monthly instaUrrrents of Funds
<br />payable prior to the -due dates of b,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 shall be, at Borrower's option, either promptly repaid to Borrower or rreclited to Borrower on
<br />monthly installments of Funds. If the amount of the Funds held by Lender shall not be sufficient to pay
<br />taxes, assessments, ir+~urance premiums and ground To=rts as they fall due, Harrower shalt pay to Lender
<br />arty Rinn,.nt ,•er~4fl,a, ±o rrtake u^ the d~°L~ 'hire tillrky daya ar`ter notice from Lender to Borrower
<br />.~ I~ Ill.rej,{ V w1It
<br />requesting payment thereof, or Borrowpa shall, by err increase. in monthly irr_stallments of Funds required,
<br />zepay the deficienrv wit-;ir. the Fuca a__.,anti:.g perio:l.
<br />LTpan payment in full of aq sums secured by this Mortgage, Lender shall apply Funds held as a credit.
<br />against all stuns due.
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