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fNafvtauAL
<br />DUE ON SALE
<br />77! OPT[UNAL FUTURE ADVANCES
<br />` SAVfiV~C:S t=UND
<br />FagM No. 72D-{79
<br />Loan Number__ 4139_2__==__199__ __L_-
<br />TYOe BrancM1
<br />79-m~ ~~~~.~ N1 ®R T G A G E
<br />THIS MORTGAGE, made and executed this ._...._..L~i_.--.--.-_..- day of ~{~~A`~ .............. A.D.,
<br />19...~ff., between the Mortgagor, .....Itober.t...I...ktheeler..and. Nanc:y-.I...--Wheal.ar.,...husband..-and.-.._...
<br />__._wife_,...jointly-.apd,-eacfi._in_their own..right.,..._._.__._,--_.-.._,-.---.._--_-
<br />of -_. Graztd..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 />Wrrxessertt: That. the said Borrower for and in consideration of the sum of .N1N)+..TIIQUSANA....-..-.
<br />FIV)_HUNDREll AND NO/100-----.----_-----------_------.-Dollars (US $._.Q.>.SQQ.-O.Q--..... )
<br />paid by said Lender, does her(~by mortgage, grant and Canvey to bender, its successors and assigns; the
<br />following decc•ribed property located in the County of ........Hall _.._... __........., State of Nebraska:
<br />Lot Seven (7), Block One Hundred Fifty-two (152), in Union Pacific Railway Company's Second
<br />Addition to the city ct Grand Island, Hall County, Nebraska and a tract of land described as
<br />that portion of t:rth(>rland Street vacated by City of Grand Island Ordinance No. 1457 adjoining
<br />Lot Seven (7), Blocfc One~Hundred Fifty-two (152) Union Pacific Railway Company's Second
<br />Addition to the city of Grand Island, Hall County, Nebraska being more particularly described
<br />as follows: Beginnin>r at the Southwest corner of Lot Seven (7) Block One Hundred Fifty-tvo
<br />(152}; thence Northeasterly along the Southerly line of said lot Seven (7), a distance of
<br />Sixty-six (6E) feet to the Southeast corner of said Lot seven (7),"See ?'xhibit "A"
<br />Tt~ETHER with all the improvements now or hereafter erected ~n the property, and alt easements,
<br />r%ghta, 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 crovered 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 leasehold} are herein referred to as the °Property"-
<br />Botrawer covenants that Borrower is law#ully seised of the estatE herf by conveyECi and has the right
<br />to mortgage, grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br />wamurt. and defend generally the title to the Properfy against all claims and demands, subject to any
<br />easement:.. and restrictions listed in a schedule of exceptions to coverage in any titlE insurance policy in-
<br />uring Lender's interest in the Property, ar {?) attorney's opinion of title frotn abstract of title eertiSed
<br />by lxmcie(1 ahstract(r.
<br />I'attvtnav At.w:~vs, artcl theo-:(~ prESents are executed and delivered upon the following cx?nditianc agteE-
<br />tnents and rrtiligatifrn+ r:f the $?rrvwer, to-wit.
<br />`r' - + L F T73ii r-' ' -'4 - 3
<br />.F .. R ~,.- rxi= ,3 2 Ie~2- isr err, a.`a1c Ir7asa:>Fmi :iii#ia i a -. *~~ *a>~*~7€'~°ai€ ..~~.. .
<br />:'.~~I."-l~ ~'Ti =..?'t X41/ 1 (?{]~ -- -..,-- -.,._ -_~_ ~ n -
<br />.-`r'Jnltan: tt5 w -- ~aY Vl+ i
<br />payable as provided in ~. note exfN•utf.Yl and delivered, concurrently herf:with, the final payment of principal,
<br />if not sooner paid, on the First day of --. _ .Qe.tober -. la. .f39.
<br />[JNtroaxr C~()VtitJAhl'C5. Burmwt~r and Lender rovenxnt and agreE as follows:
<br />1. Payment of Principal and Interest. Bormwer shall pxumpiiy 1>,~ty when due the prinf~ipal of and in-
<br />terest on i.hr_ indebtednes., evidenced by the tiote, prepa}~rnc>nt and late charges as provided in the NotE,
<br />and the principal of and interest on anv Future Advances secured b}' this Mortgage.
<br />2, Funds for 2'axes and InBUrrrrree, :?uheect fo 1 en(ler's optics under para;'rar~~hs i and he*r(at. HcEf•_
<br />rower shall pay to) Lender on the day mont,trly installmerts of princ•tpai and interest art: payahie under the
<br />Note, until the Nute is paid in full, a sum therein "Funds"1 equrtl to ane-tw(dith of the }•earh~ taxes and
<br />=lssattismants which may attain priori#y over this: Mart.gat;e, and ~,rvund runt. on thf> f rop~rty, it an}~ plu
<br />nne-t.wElfth of yearly premium installments for hazard insurance, plus ane-twelfth of yearly premium in-
<br />stallments for mortgage insurance, it anv, all as reasanahly estimated initiaih= and from timf: to time by
<br />Lf>nder an the basis a[ assessments and bills and reasonable estirnates thereof, Lender shall apply the Funds
<br />to pay 5aixl f.,xf+s, assessments, insurance pmcniums and ground rents. Lender shall make no charge far so
<br />__-- nalding arl(1 appt)Rng the I`UndS ar Verttying and Canlpilmg 9at(1 a38PS9nSf~nC9 and bills. Z-he .bender shflll
<br />give t.a the 13~~rrawer, wrthout charge, an annual accaur==tint; of thf: Funds showing fa'rdiis and debits tf> the
<br />Funds and the purpose for which each debit to the Funds wa.4 made. ThE Funds are pledged as additional
<br />aECUrity for the sums securf}d by thie 1~2artgngE- The 1orrower agreES that the Fund.: may 6e held by thf+
<br />Lender and commingled v.~th other funds and the Lender`s awn funds and the Lender may pay such items
<br />fmm, its own funds and the bender shall not be liable for interest or dividends on such Funds.
<br />If the amount of the Funds held by Lender, together with the future monthly installments of Funds
<br />payable prior to the due dates of ta-.es, assessments, insurance premiums and ground rents, shall exceEd
<br />the amount regtured to pay said farces, assessments, insurance premiums and ground rents as they tall due,
<br />such excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower an
<br />monthly installments of Funds. If the amount of the Futrds held by Lender shall sat be sufficient to pay
<br />taxes, assessments, insurance premitnns and ground rents as they fall due, Borrower shall pay to Lender
<br />any amount nfsary to make up the deficiency within thirty days after notice from Lender to Harrower
<br />acqucstir,~ pay=aiacrrt nereaf, or Harrower shall, oy an increase in mont'ttfy installments of Funds required,
<br />repay the dfafleifsncy within the Fund acc>~unting period,
<br />[Jpon payment in full of all sums secured by this Mortgage, Lender shall apply Funds held as a reedit
<br />against all sums due.
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