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<br /> 77- OU0745 �
<br /> TO HAVE AND To HoLD the same unto the Mortgagee, as hei•ein provided. Mortgagor represents to,
<br /> and covenants with, the Mortgagee, thnt the 1lfortgagor hns good right to sell and convey said premises ;
<br /> that they are free from encumbrance, except as hereinotherwise recited ; that the biortgagor �sill �ti�arrant
<br /> and defend the same against the ]awful claims of all peraons wlion�soever. n4ortgagor hereby relinquishes
<br /> all rights of homeatead, all marital rights, either in law or in equity, and all other cmitingent interests of
<br /> , r the 1lfortgagor in and to the above-described premises.
<br /> PxOv[DED A[:waYs, and these presents ure executed and delivered upon the following conditions, to
<br /> wit :
<br /> , - � ' , DZortgagor agrees to pay to the Dfoi tgagee, or order, the aforesaid principal sum with interest from date
<br /> at the rute of ` eight per centum ($ , p ;�o ) per.annum on the unpnid balance until paid.
<br /> The said principal nnd interest shall be payable at the oftice of First Federal Sa�gs and Loan
<br /> in Nebraska As c ' at on Li coln
<br /> , or ut such otlier place as�t�ie�hol�er of t�he no�te may designate in
<br /> � writing delivered or mniled to the lfortgagor, in monthly installments of �,�o Fiundred I'orty-one and 42�100----
<br /> Dollars ($ : 241.41 ) , commencing on the first day of Aoril , 1977 , and continuing on
<br /> i the first day of each month thereafter until said note is fully paid, except that, if not sooner puid, the final
<br /> payment of principal and interest shall be due and payuble on the first duy of I•iarch 2007 ; flll
<br /> ± according to the terms of a certain promissory note of even date here�vith executed by the said DSortgagor.
<br /> ': The Mortgagor furthec agrees :
<br /> L He ���ill pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br /> j time, without premium or fee, the e�itire indeUtedness or any part thereoF not less than the amount of one
<br /> installment, or one hundred dollars ($100.00) , whichever is less. Prepayment in full shall be credited on
<br /> the date received. Partial prepayment, other than on un instnllment due date, need not be credited until
<br /> the next following installment due date or thirty days after such prepayment, whichever is earlier.
<br /> F 2. Together �vith, and in addition to, the monthly payments of principul and interest puyable under
<br /> the terma of the note secured hereby, lfortgagor will pny to Mortgagee, as trustee, ( under the terms of this
<br /> trust as hereinafter stated) on the first day of each month until said note is fully paid :
<br /> � (¢) A sum equal to the ground rents, if auy, next due, plus the premiums that will uext become due
<br /> and payable on policies of fire and other hazard insurnnce covering the mortgaged property,
<br /> � � plus taxes and assessments next due on the mortgaged property (all as estimated by the Mort- ,
<br /> gagee, and of �chich the I17ortgagor is notified) less nll sums already paid therefor divided by
<br /> ; ; the number of months to elapse before one month prior to the date when such ground rents,
<br /> premiums, taxes and assessments u�i!? Uecome delinquent, such aums to be held by 11Soi�tgAgee
<br /> ' in trust to pay said ground rents, premiums, taxes aud special assessmenta.
<br /> � ( b) The aggregate of the amounts payable pursuant to subparagraph (¢) and those payable on the
<br /> note secured hereby, shall be p�id in a single payment each ruonth, to be applied to the follo«�-
<br /> ' ing items in the order stnted :
<br /> ( i ) ground rents, taxes, assessments, fire and other hazard insurance premiume ;
<br /> (rt ) interest on the note secm�ed herebv ; und
<br /> (III ) amortization of the principll of said note.
<br /> Any deficiency in the amount of any� sucli aggregate monthly payment shall, unlese mude good '
<br /> t:` ; by the lIortgagor prior to the due date of the next such payment, constitute an event of default
<br /> under this mortgage. At ?�fortgagee's option, ,lIortgagor will pny fl "late chnrge" not exceed-
<br /> a` ing four per centum (4 ;"c ) of any instnll ment «•hen paid more thnn fifteen ( 16) dnys after the
<br /> due date thereof to cover the extra espense invoh�ed in handling delinquent payments, but such
<br /> "late charge" shnll not be payable out of thc proceeds of any sale made to satisfy the indebted-
<br /> ness secured hereby, uniess such piroceeds are suft'icient to discharge the entire indebtedness and
<br /> all proper costs and expenses secured thereUy.
<br /> � 3. If the total of the payments made by the Mortgagor under (¢) of paragraph 2 preceding shall
<br /> exceed the amount of puytnenta actually made by the Diortgagee, as trustee, for �•ound rents, taxes and
<br /> assesaments or insurance premiums, as the cnse may be, such excess shall be credited by the Diortgagee
<br /> on subsequent payments to be made by the Mortgagor for such items or, at hiortgagee's option, as trustee,
<br /> �. . shall be refunded to 1Sortgagor. If, howeaer, such monthly payments shall not be sufCicient to pay such
<br /> items when the same shall become due and pnyable, then the 1lortgagor shall pay to the Mortgagee, as
<br /> trustee, nny amount necessary to muke up the deficiency within thirty (30) dnys after u•ritten notice from
<br /> ; the Mortgagee atating the amount of the deficiency, which notice may be given by mail. If at any time
<br /> the Diortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured
<br /> t hereby, full payment of the entire indebtedness represented thereby, the �fortgagee, as tivstee, shall,
<br /> in computing the amount of such indebtedness, credit to the nccount of the Dfortgagor any credit balance
<br /> � accumulated under the proviaions of (a) of paragraph 2 hereof. If there ahall be a default under nny
<br /> ' i of the provisions of this mortgage resulting in a public sale of the premisea covered hereby, or if the
<br /> Mortgagee acquires the property otherwise after default, the hlortgagee, as trustee, shall apply, at the
<br /> time of the commencement of such proceedings, or at the time the property is othenvise acquired, the
<br /> amount then remainir.g to credit the Diortgagor under (a) of paragraph 2 preceding, ns a credit on the �
<br /> intereat accrued and unpaid and the balance to the principal then remaining unpaid on said note. ..w� i .,; -i
<br /> 4. The lien of this instrument shall remain in full force and effect during any postponement or exten- ' �j ,o ,
<br /> ' sion of the time of payment of the indebtedness or any part thereof aecured hereby. • � t
<br /> L5. He will pay all ground rents, taxes, asseasments, water rates, and other governmental or munici- ,d; , ,
<br /> pal chnrg4s, finea, or impositions, levied upon said premises and that he �vill pay all taxes levied upon this � ` :
<br /> mortgage, or the debt secured thereby, together �vith any other taxes or assessments «•hich muy be levied
<br />°w under thelaive ofNebraskn against the 1lfortgagee, or the legal holder of said principa] note, on account of
<br /> this indebtednesa, except ���hen puymentfor all such itema has theretofore been made under (a) oF pnra-
<br /> graph 2 hereof, and he �sill promptly deliver the official receipts therefor to the llortgagee. In default
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<br /> thereof t�jq_�ortg�agee may pay the same.
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