|
� i ;
<br />, :
<br />� TOIiAVE AND TO IiOLD the same unto thc 1lfortgngec, ns herein provided. : Diortgugor represenls to, , � ' Y ,
<br />�
<br />� ' and covennnts ivith, the hfortgngce, t liu t. t iie R ior tgagor hus gooc t r i g l i E t o s c l l n�t d c o n v e y, s n i d p remisea ; ! � � � � � �
<br /> thnt tfiey nro free from encumbtnncc, exceph ns hci•einotl�eravise rceited ; thnt lhe Afortgugor «�ili tvnrrnnt, ' ,; ,,t ;
<br /> ' nnd defend the snme ngniiist tlie lnwful cleiims of nll persons lvhomsoevci•. , Aiortqngor hereby rclinquialies �` , ,k ,',, `: 1
<br /> ; . _: � : �
<br /> ' nll riglita of homestend,�ull mnritul riglits; cither in la�s or in equit��, nnd all otltcr contingeut inleresis of , � � , ` � s .
<br /> ,� ;, tlio llioi�tgngoi• imnnd to tlie nbove=deacribed premises. r` ' � E :� � } � `��E� ,�, �� ,' , '`� ` , �
<br /> ; ; PROVIDED AL\YAYS�.iIAd tlleSe pTC50llfS ilTe eXeCUtCd Atld delivered upon the follo�ving condit[ons, to � ; , ` f � ' � ,'hr ' ? � f '
<br /> : , , �,+y � � �, .
<br /> ; wtt . ,' . ; , , . ,
<br /> _r . . ' . � t r tx
<br /> , � Aloi tgngor n8i ees to puy to the 11lortgngee, or order the nforesnid principul sum �� ith intcrest from dnte �ps� � ' ` ` < ;� r � "� �
<br /> , � • I ' , v ' ! , � �� � , .
<br /> ��. nt the rate of � �.,Eight �� and One.��Half . per.cent�un ( $ • 590 ) per annum on Yhe unl�uid balnnco until pnid.
<br /> ` ' TI�Q snid principnl nnd intcrest shull l�e pnYnble nt tlic oflice of ' Firs t Federal . Savings . & Loan � � ' > �, � ,ii ;„' „
<br /> � A�ss�cia���n o� Linc 1�
<br /> , ': �n , <" Nebraska , or nt sucli other pince ns the io er o ie no e may �es�gtinte In �, ' , , , ; "'�c , ` ' , `
<br /> writing;delivei�ed or mniled to tlio riortgiigor, in mmitlily instnllments of� H��'ed ,Twenty Six und 07�100 : >` ° y; , � '
<br /> { ' DoUnrs : ($226 , Q�( . ) ,' commenetng mi the flrst d�iy of Mnrch , ` , 1�J77 , nnd contlnu�ng on t ,�� � 't � 4
<br /> the first day of encli month therenfter until said note is fttlly.pnid, except thut, if not sooner pnid, tlie` linal , , u , � Z, '��� ��} ,:
<br /> i; il
<br /> pnyment of principnl nnd interesEshnll Ue due ��id pnynble on the fiist dny of :. February ; .2007 ; all � � v ;
<br /> , � � � r, ,
<br /> ` uccording to tlie terms of n certuim �romissoi•y iiote of even dnte herewith executed by ilie snid Biortgagor: '�;. '� ; ���t,, � ' �A
<br /> � ,
<br /> �� � .. �. . ' .. . . . .. . � . t; , � i� �, Y > `v��.
<br /> ' <" Tlie hiortgagor further ugrces : ' `.� '� � � : ;
<br />' � 1. "He will pny the in�lcUtedness, ps liercitibcfore provided; Privilege is reserved to prepay at nnY � n v , ` ' a
<br /> �� time,avithout;premium oi� fee, the entire indebtedness or any pnrt thereof not less thun the nmount of one , � , ; a s �` •
<br /> installment, or. one hundred dollnrs (^�100.00), whichever is less. Prepaymen t in fu l l s ha l l 6 e credited on ` !' ��` ; ' '
<br />,� ; . ` the ddte received. Partinl . prepuyment, other thnn. on an instullment due; dnte, need not be ; credited until r z � ` y 'r, �
<br />, ;; the next foUowing insGiliment due date ar thirty duys after such prepayment, whichever is eurlier. ;' ` , ' . A ' 2�A> "
<br /> 2. < Together with, nnd in nddition to, the mmithly pnyments of principal nnd interest pnynble under `' , ` {� <�'7' � ; , 1; :
<br /> ' thetcrms of the :note secured hereby, llfoi�tgugor wiil pay to ➢fortgagee, ns trustec;> (mider the terms of this , � , ' � t , ?` ; , ",
<br /> trust. us hereinafter stuted) on tfie first duy of ench month until said note is fully pnid : : � ':; h � { ; � , i
<br /> � r,- (a) A sum equnl to the groiind rents, if any,nexE clue, plus the premiums that will nest.Uecome due ; , r . � n7 '
<br /> � ; und payable on policies'of fire and olliee liuznrd insu►•ance covering; tlie mortgaged ,property; - # �� a „ �� �, � ;
<br />' plus taaes and assessments next due orr.tlic mortgaged property (all us estimated Uy the ➢iort- _ � t r
<br /> gagee, and o f ���hic h t he T lor tgagor i s n o t i f i e d ) l e s s;a l l s u m s n l r e n d y p u i d t h e refor dit�ided b y � z � :r ` ' c:
<br /> �� the number of months to clnpse 6efore one mmith prior to tlie dnte �vhen such' ground. rents, " , ` ,';r ; `� ' a ,'ti'
<br /> premiums, taxes a�id assessments wip become deliiiqueut, such sums to be heldby 1lfortgagee t' ,Y < � � r
<br /> � � ` '� ' '� :
<br /> in trust to pay snid ground rents, premiums, tases and specinl assessments. <t .w` t
<br /> (L) The �ggregnte of tlic amotuits pti��able ptu•suant to subparngrnph (cs) nnd those : payaUle oii the � � r r� ', ,�r s
<br /> note secured hereb�•, shall Ue paid in a single pnymei�t each month, tobe upplied to the follou•- � £ J� � ;
<br /> ing items in tlie order. sfnted : �, ` � `
<br /> 4 . . ., . ., �. . . . . 15
<br /> / � A t Yj '
<br />' r (I ) ground rents, inses, assessmetits�' r1CC RIl(IbtIICC hnzncd insurance pretniume ; � � .:; ` �t� '+
<br />, . 1 '
<br />, (II ) mieiest mi thc note secured hei•eby ; nud X , , � , �, y"
<br /> � (tir) nmoitizutiomof tlic principul oF s�tid notei � ,� ,r„� , � ,
<br /> r ( , Any deficieticp iu tlie amouut of auy such 'nggregate monthly pa�•ment shall, unless mude good- E s , �
<br /> {, ; by..the �tortgt�goi• prior to the due datc of tite uext such puyment, constitute nn event of default ! � ', -
<br /> t r . under this mortgnge. At \Iortgngee's option; \Iortgngor will pny a '9nte charge" not exceed- � ' � ^
<br /> ing four per centum (d �� ) of uny instali ment �chen pnid more than fiftecn ( 15) days nfter the i �
<br /> �� duc date tliereof to covei• tt�c extra.espense i�tvolved in li.u�dling delinquent payments, Uul suct► � ` �,; , �
<br /> � "Inte chnrge" shall not Ue pnyablc out of the procceds of nny sale made to satisfy the indebted- f 4 ;; ,'
<br />' } ness secured hereby; unless such procceds are suflicient to dischurge the entire indebtedness and . ; !_ '
<br /> � all proper.costs nnd ex��enses secured tliereUy. ' ;
<br /> - , , ; ;
<br /> S. If the. total of . tho �ayments mnde by the liortgagor under; (�) of parngraph 2 preceding shnil - -' '
<br /> exceed the nmount of payments nctunliy made by the ,liortgagee, ns trustee, for ground rents; tases and , i
<br /> ` ' ` . assessments or insurnnce .premiums, as the c.�sse. mny be; such excess shnll be" credited by; the ➢fortgngee : r � ; ,
<br /> z�, . on aubsequent.puyments to bc mude Uy the Tfortgagor for sucli items or, at hiortgagee's option; ns trustec, ,� ! !: .'
<br /> shuli be refunded to. \iortgngor. . If, ho���ever, suclr monthly pnyments shnli not be sutiicient to pay such � ..
<br /> itetns ��vhen!Ehe. same: shull become due nnd paynble, then` tlic liortgagor shail pay to the Tiortgngee, as
<br /> `: ' ' trusfee, utLY amount necessary to mnke up .the �leficiency within thirty {30) dnys nfter;���ritten notice from � ;, � =
<br /> the,hiortgugee stating the amount of. the. deficiency, •which' notice mny be given Uy mnil. : lf nt any time : , ' �
<br />, , the.'biortgagor ahall tender.. to the ➢iot�tgngee, in ,aceordnnce ,��•ith tlie . provisions of;tlie note secured �
<br /> hereby, full:: pnymentiof the entire indebteciness :repi•esented UiercUy, the `iortgagee- ns trustee; shall,
<br />` �� in computing tho umount of.such indebtedness, credit to the nccountof thrllortgugor any credit bninnco `
<br /> � , . uccumuluted :under � the provisions of :.(a) of pnrugrttph 2 hcrnof. : If there shnll.be n default under uny.
<br /> ' of the , proviaions .of_this mortguge resulting in u public snle , of the premises wverecl : hereby, or: if tlie '
<br />' biortgagee acquires the property other�vise nfter defnult„ the lfortgt�gec, as trtistee, shiill npply; nt thc . �
<br /> A time of ,the ,commencement of;such proceedings,,or ut the time the 'pi•operty is otherwise, acquirnd, the
<br /> , � nmount then;remaining_to credit the biortgngor under (a) of parngraph 2 preceding,'as n credit on the !
<br /> �nterest accrued and unpaid and the bnlnnce to the. principnl then retnnining unpnid� on said note.: i � '. � j
<br /> , �4 The lien of this instrument shnll remain iii full force nnd ef�ect during any postponement or exten- ' � �s �� ;
<br />, sion of the time of puyment of the indcUtedness or any part thereof aecured liereby. , ' �f • 4;► "�'" _
<br />„ :y, 7 . . .
<br /> E 6. He �vill pay�nll .ground rents, taxes; asseasments,.�vater. rntes;:atid. other, governntentul or munici- , � � ^`""j '' '
<br /> E � ���� ,.
<br />' j pnl aharges, fines, .or; imposifions; levied upon snid premises'und thnt he �vill pay all tnxes; levied upon this � -d�' r� _;
<br /> � mortgage;or,: the debt secured thereby; together, with any other tuxes or nssessments �ti�hiclrmay be levicd �` ' � +y , ;
<br /> � � . _ _ '
<br /> under thQ luws of NeUruskq aguinst the biortgngee, or. the legal holder of snid principal note, on nccount of ' < � �-� f
<br /> " ri . ,
<br /> � tiiis:indebtedness;,except when payment for all such.items hns theretofore been made undcr (n) of pnrn-
<br /> � grnph 2 hercof, and he . ��•ill promptly deliver the .ollicinl receipts .Uierefor to tlie ,ltortgugec. In defnult
<br />. ` a thereof thc blortgngee may pny;the sume. . ;
<br /> � ��e:�....- ,>. � - , , - L.:_ . � . _. . . . .. . . . . . . . . . . . J .
<br />
|