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<br />INDIVIDUAL
<br />DUE ON SALE
<br />OPTIONAL FUTURE ADVANCES
<br />SAVINGS FUND
<br />FORM No. 720
<br />Loan Number__344ZZ___ __144_-_._1__
<br />Type Branco
<br />~9-e1 t1(~ 4 ~ ~ ~ t`1! Q R T ~ A (~ E
<br />THIS MORTGAGE, made and executed this . __.__1~..-.._.__.. day of ..___......._... - . - . __. A.D.,
<br />19..Z~j..., between the Mortgagor, .. _Iiilly. rL. Land..and. DarYette..R._.Land,_hu hand..and..wife,._...
<br />,,.jointly-,and-_each_in_their, own__right,._ .---,.-.__.__,-,___...
<br />- - -- - -
<br />of __Grand..i~land._...._., County of - ...-...... Hall..._ ,State of .Nebraska .... ,hereinafter referred
<br />to as the Borrower, and the Sfortgagee, FIRST FEDERAL SA~`INGS AND LOAN ASSOCIATION OF
<br />` LINCOLN, 1235 "N" Street, Lincoln, Nebraska &4501, its successors and assigns, hereinafter referred to
<br />as Lender.
<br />Y9trrtesserx: That the said Borrower for and in consideration of the sum of ._.THiRTX-FIYE..___..
<br />--THQUSA1Vd--AND-NOI.I.OQ-----cr------.-.---rr----cr_---DoLars (L.tS S-_35,000_00-------...._._..)
<br />paid by said Lender, does hereby mortasge, grant and convey to Lender, its successors and acigns; the
<br />following described property located in the County of _ .............Ha.LI-_ .-_.._._._., State of Nebraska:
<br />Lot ilixteen (16), Westrnads Estates Third, Grand Island, Aall County, i:ebraska
<br />TocErasa with alt the improvements non- or hereafter erected on the property, and all easements,
<br />rights, apgurtenance;. rents, royalties, mineral, oiI and ga_s rights and profits, water, water rights, and
<br />water stock, and all fiatums now or hereafter attached to the gropertv, 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 leasehold) one herein referred to as the "Property".
<br />Harrower cavenanLc that Harrower is ]aw-fully seised of the estate hereh}' trom•e~ ed and has the right
<br />to mortgage, grant and convey the Fropertr, that the Ptperty i_c unencumbered, and that Borrower will
<br />tcarrant and defend generally the title to rite Property against all claims and demands, subject to an>~
<br />ea_:ement; and rc~trirtions tired in a =chedule ai exceptions tt croverage in am #iile insurance policy in-
<br />suring ].ender; intermit in the Prapert~-, or ±'1 attornec's opinion of title from abates-,t of title rnrtified
<br />by bandt~ abstracter.
<br />Pat±vtot.fl Atw.+v., aRd these pre.ents err executed and delivered ulmn the fallowing conditions. agree-
<br />ments and abligatian= of the Borrower, tt~wit-
<br />The B~arsascer agrees to pat m the Lender, e.r t>rder, the principal sum of iHi£TT-€iFE THOIIS~*dD
<br />.6h'I? ~Xs! ~Ot}-- _ ------------------ Dollar: t l'S :35,000..00 - ?
<br />parable a pms~idsd in a note ezesuted and delivered, corcurrentl~~ herewith. the nnal lra~ ment of principal,
<br />if nr+t s;wtxr ]raid, en the ~i.i'sL dad of Jt~l} 13 :~'? .
<br />L'vtFC:xu Cctv`ew~irs. Borrower and ;.,ender royenant and ageee as follows:
<br />?. Paya:eat of Pziacipal and Iateresz. Burnxtt~r shad pnrmptli pad when due the principal of and in-
<br />terrt an fife indebtedness e~ielrneed by the Not_, pzepa}-nn`~nt and late charge? as pn~vided in the Nate,
<br />one zttr• principal of and intc•re-t on any Future .~d~an, rs .c-~ur:•d h~ this \forigagr.
<br />~ r=.,.-tom ~ F~cea roc: Insuraaoe. Subject to Lendei s option under f.aragraphs i and :s hereof. Bar-
<br />nawer shall pati to Lender en the des; montht~ ittsta33,^rrnt. of principal and interest are payable under the
<br />Note, unto the Note is paid in full, a sum therein "Fundc'i Yqual to one-tv.e;ith c,l the ~ear3~ twee= and
<br />a~resme•nts a'hit-h maa~ attain priority- flyer this \fvrrgape, and Freund rents on the Fropert~~, if and plus
<br />cure-twelttlt of ye3r13- premfunt installments for hazard insurance, plus one-twelfth of tiear3v premium in-
<br />talla-rene= tar mortgage irt=urant~, if arty. all a=. reasona}tt}~ r:iimated initiallj and from time to time by
<br />lender tm the basic of as.~~tnents and bills and reasanalale estitrrates thereof, Lender shall apply the Funric
<br />to pas' said fazes. as_~;=ne;tts, insurance premiur=ts and ground rents. Lender shall make no charge for a
<br />holding sod appi;ing the Funds or verif}•ing and compiling said assessments and bills. The Iznder shall
<br />gives rn zh= Bvrress-rr, a~:lnut ~.arge, an annual act~aurting of the Funds showing cr2dit,~ attd dcl;iis to the
<br />Futxlu and the puzpcscee far which cash rlehit tc the Funds was made. The Fund= are pledged a; additional
<br />sacurit{' fw. the suss :secured by Yhis Mortgage. The Harrower agt~ees that the Funds may he held by the
<br />Lenddei and commingled w~itit other funds and the Lendei s own #und-. and the Lender mad' pad such items
<br />from i#s a>~zt funds seed the leader shall not be liable for interest or dividends on such Furtds.
<br />If the nrmtrttt of the Ftmds held by Zander. together with the future monthly installmenuc of Fund,
<br />payai?ie prior to the due tlatffi of faze?. sarsents, in4„rwnce premiums and ground rents, shall exceed
<br />the amount requited to pay said fazes, amts, insurance premiums and ground rents a_c they fall due,
<br />such ezta~s shall be, a# Borrower:: option, zither ptempt}y renaid to Borrower or credited to Borrower vn
<br />tannttrly ittstallmeats of Funds. if the amount of the Funds }teld b}• Lender shall not he sufficient to pad
<br />fazes, assessments, insurance premitunc and ground rents as they fall due, 13orn;wer shall pay to lender
<br />any araotmt necessary fo male up the deficiency within thirty days after notice from Lender #o Harrower
<br />teques#ing paymen# thererr#, or Bortaw•ar shall, b~ an increase in monthly installments of Funds required,
<br />repay the deficiency within the Fund accoun#ing period.
<br />L"por. payment in full of all sums secured by this Mortgage, Lender shall appl} Funds hc•Id as a credit
<br />agaitrst ail -num_s due-
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