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<br /> To HaVE ANn To HoLn the same unto the ➢iortgagee, as herein provided. Afortgagor represents to,
<br /> and co��enants with, the Afartgagee, that tlie Biortgagor has good right to sell and com•ey� said premises ;
<br /> that they are free firom encumbrance, except as hereinother«•ise recited ; that the :lfortgagor «�ill �carrant
<br /> and defend the same against the 1a�l�ful claims of all persons �i�homsoever. ':itortgagor hereby relinquishes
<br /> P all rights of homestead, all murital rights, either in la�t� or in equity, and all otlier contingent interests of
<br /> � the 11'tortgagor in and to the aUove-described premises. '
<br /> ,� : PRovtnEn ALwnYs, and these presents are executed and delivered upon the follo«ing conditions, to
<br /> wit•
<br /> D'fortgagor agrees to pay to the Afortgagee, or order, the aforesaid principat sum with interest from date �
<br /> at the rate of ei�zht Per centum ( 8 ,0 `,"0 ) ,per annum,on the unpaid balance uniil paid.
<br /> The said principal and interest shall be papable at the oflice of ' i'-'st r eaersl Savin�s end Lcar.
<br /> �Asso a'' � o` � iuc lr
<br /> �n Iieoraska , or at such other plaee as �ie �io c�er o£ t�ie no�e may designa 'te in
<br /> writing delivered or mailed to the '�iortgagor, in monthly installments of One Nun3red Sevent;�-rine and 73/100
<br /> Dollars { $ 179 . 78 ) , commencing on the first day of :ebruary , 1977 , and con 'tinuing on
<br /> the first day of each montli thereafter until s3id note is ful(y paid, except that, if not sooner paid, the final
<br /> payment of principal �nd interest sliali be due and payable on ihe first day of Saruary �pp7 ; ull
<br /> according to the terms of a certain promissory note of e��en date here�sith executed b>• the said �iortgagor.
<br /> „ The hiortgagor fi�rtlier agrees :
<br /> £ 1. He tisill pay the indebtedness, as hereinbefore pro��ided. Pri�•ilege is reserved tn prepay at anp
<br /> i time, ���ithout premium or fee, the entire indebtedness or am• part thereoi not less than the amount of one
<br /> ;> installment, or one hundred doliars ($100.00) , whichever is less. Prepaymeni in full shall be credited on
<br /> � . the date received. Partial prepayment, other than on an installment due date, need not be credited until
<br /> the neat foilosving installment due daie or thirty days after such prepayment, whichever is eazlier.
<br /> 2. Together �vith, and in addition to, the monthiy paytnenis oi principal and interest payable under
<br /> ;, ; the terms of tlte note secured hernby, ?�'tortgagor �rill pay to Diortgagee, as tivstee, ( underthe terms of this
<br /> t ' trust as hereinafter stated ) on the first day of each month until said note is fully paid :
<br /> (a) A sum equal to the ground rents, if an�•, nest due, pius the premiums that will next becorae due
<br /> and pa�*able on policies of fire and other tiazard insurance cot�ering the mortgaged property,
<br /> plus taxes aud assessments nest due on the mortgaged propem• (all as estimated by the �iort-
<br /> � : gagee, and of �shich 'the �iorigagor is notified ) less all sums aiready paid thereior diaided by
<br /> � . the numbea• of months to elapse Uefore one month prior to tlie date �chen such ground rents,
<br /> Y- premiums, taxes and assessments ��•ili become delinquent, such sums co be held bp Tiortgagee
<br /> ' in trust to pa}• said ground i•ents, premivms, tases and special assessments.
<br /> ( b) The aggregate oi the amounts pa}•able pui•suant to subparagraph (a) and those payable on the
<br /> noie secm�ed hereh�•, shall be paid in a single pa�•ment each month, to be applied to 'the follo«�-
<br /> ' � ing items in the order stated : � � � � �
<br /> ?` ( i ) ground rents, taxes, assessments, fire and other hazard insurance premiums ;
<br /> { it ) interestonthenote =ecuredherebc ; and
<br /> (i11 ) amortization of tlze principal of said noie.
<br /> � �ny deficienc�• in tlie amount of an�• suc1� aggregate monthl�� pa�•ment shall, unless made good
<br /> b�� tlie :+Iortgagoi• prior to the due date of tiie next such payment, constiiute an ecent of default
<br /> under this mortgage. :�t liortgagee's option, \Sortgugur �+�ill pay a "Ia 'te charge" not exceed-
<br /> - ing four per centum (�1 �� ) of an�• install ment �t•hen paid more than nfteen ( 15 ) da�•s after the
<br /> due date thereof tu co�•er 'the esti•a e�pense incoh•ed in handling delinquent pa��ments, but such
<br /> ' '9ate charge" shall noi be pa�•able out of the proceeds of an�� sale made to sa 'tisfy the indebted-
<br /> � ness s?cured hei•eby, unless such proceeds are sudicieiit to discharge tne entire indebtedness and
<br /> all proper costs and expenses secured 'thereUy.
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<br /> � 3. If the total of the paS�nenEs made by the '�fortgagor under (a) of para�•aph 2 preceding shall
<br /> " exceed the amount of pa}•ments actually made b}• the \Sortgagee, as trustee, for ground rents, taxes and
<br /> �; assessments or insurance premiums, as the case may be, such escess shali be credited Uy the A4ortgagee
<br /> i on subsequent payments to be made bp the _liortgagor for such items or, at ?1lortgagee's option, as trustee,
<br /> ` shall be refunded to 9lortgagor. If, ho«•ever, such montlily pa�-ments shall not be suf6cient 'to pa5• such
<br /> � items when the same shail become due and papable, then the Jfortgagor shall pa>� to the 3iortgagee, as
<br /> s tivstee, any amount necessary to make up the deficiency 1+•ithin thirty ( 30) da�•s after ���ritten notice from
<br /> � , - the Iliortgage�e stating the umount of the deficiency, �vhich notice may be gi�'en by mail. If at any time
<br /> the '�tortgagor shall tender to the biortgagee, in accordance �cith the pro�•isions of the note secured
<br /> ` herebp, full payment oi the entire indebtedness represented thareby, the 5iortgagee, as trastee, shall.
<br /> in computing the amount of such indebtedness, credit to the account of the lfortgagor any credit balance
<br /> '` accutnulated under the provisions of ( a) of paragraph ? hereof. If there shall be a default under any
<br /> of the provisions of this mortgage resulting in a public sale of the premises corered hereby, or if the
<br /> \Sortgagee acquires the property othenti�ise after default, the 3iortgagee, as trustee, shall appiy�, at the
<br /> time of the commencement oi such pmceedings, or at the time the property is otheralse acquired, the
<br /> ; amount then remaining to credit the 9iortgagor under (a ) of paragraph 2 preceding, as a credit on the
<br /> interest accived and unpaid and the balance to the principal then mmaining unpaid on said note. �
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<br /> 4. The lien of this instrument shaii remnin in full force and effect during any postponement or exten- "'`� ," `
<br /> ` sion of the time of payment of the indebtedness or any part thereoi secured hereUp. N
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<br /> � 5. He,will pay all ground rents, taxes, assessments. �rater rates, and other gocernmenial or munici- �
<br />' pal charges, fines, or impositions, lecied upon said premises and that he «�ill pa>• all taxes ]e�•ied upon this �,�, i' �
<br /> M� mortgage, or the de6t secured thereby-, togelher �+�ith any other taxes or assessments n�hich may be le�•ied �
<br />�" � under the lan�s oi \'eUraska against the :�Tortgugee, or the legal holder af said principal note, on aceount of
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<br />�= this indebtedness, except ��'hen pa3•ment for ail such items has theretofore Ueen made under (n ) oi para-
<br />;,� graph 2 hereof, and he �vill promptly deli�•er the ofT'iciai receipts therefor to the :�Iortgagee. In default
<br />"�= thereof the \'tortgagee may pay i1 ame.
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