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<br /> TO HAVE nNn TU HoLn the same unto the �Soitgagee, ns herein provided. ➢fortgagor represents to,
<br /> and covenunts with, the Aiortgagee; that the 11Sortgagor has good right io sell and con��ey said premises ;
<br /> that they are free from encumbrance, except as hereinother»•ise rr.cited ; that the 3fortgagor �sill �carrant
<br /> and defend the same against the la�ti>ful claims of ali pr.rsons whomsoever. niortgagor hereUy relinquishes
<br /> all rights of homestead; ull maritai rights, either in la�v or in equity, �nd all other conEingent interests of
<br /> � the ?Vfortgagor in and to the ahove-desec•ibed premises.
<br /> ` PBovtnm ALtivaYs; and these presents are executed and delivered ` upon the following conditions; to'
<br /> wit:
<br /> � ; Dfortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br /> : at the rate of eight Per centum ( g . p;'o ) per annum on the unpaid balance unti! paid.
<br /> t ' i The said principul und interest shall be payable at ttie of3ice of F'-rst Federal Savings and loan
<br /> � .` in L, nco1r , or at such other place as t�f�9��eP@f �e �tb�.�$ designate in
<br /> writing delivered or mailed fo the lfortgagor; in montkilyinstallments of g„:o Hundred Porty-one and �;1�100--
<br /> Dollars ($ 241 . 41 ) , commencing on the first dfly of Anril , 19 qq , and continuing on
<br /> the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final
<br /> � payment of principal and interest shall be due and payable on the first day of �.t�rch 2007 � ����
<br /> ; secording to the terms of u certain promissory note of even date herewith executed b5� the said Diorfgagor.
<br /> • ; The Mortgagor further agrees :
<br /> � ' 1. He �Fill pay the indebtedness, as hereinbefore pro��ided. Prii�ilege is reser+�ed to prepay at an��
<br /> � . � time, without premium or fee, the entire indebtedness or any part thereof not less tiinn tlte amount of one
<br /> '` installment, or one hundred dollars ($100.00), whichever is less. Prepayment in full shsill be credited on
<br /> ^ the date received. Partial prepayment, other than on an installment due date, need not be crndited until
<br /> '' the next following installment due date or thirty days after such prepayment, whichever is earlier.
<br /> 2. Together with, and in addition to, the monUily payments of principal and interest payable under
<br /> _ ; the terms of the note secured hereby, '_liortgagor �vill pay to Mortgagee, as tivstee, (undei• the terms of this
<br /> ; trust as hereinafter stated) on the first day of each month until said note is fully paid :
<br /> i (a) A aum equal to the ground rents, if any, ne?ct due, plus the premiums that wili next become due
<br /> and pa3�able on policies of fire and other haznrd insurance covering the mortgaged property,
<br /> plus taxes avd assessments next due on Uie mortgaged propert}� (all as estimated by the ifort-
<br /> � gagee, and of �shich the Aiortgagor is notified ) less all sums aiready paid therefor divided by
<br /> the number of months to elapse beiore mie month prior to the date �1•hen such ground rents,
<br /> premiums, tases and assessments ticiit become delinquent, such sums to be held b,v rTortgagee
<br /> in trust to pa�• said ground rents, premiums, ta�es and special assessments.
<br /> (b) The aggregate of the nmounts papable pursua�it to subparagraph (a) and those payt�ble on the
<br /> � � ..t_ ..,,,..._,,,� t,... � . ..t,..0 �., .,.. :,1 ; ., : �:: ,.1.. ......,,,�„f ng�h mnnfh 4n ha nrnliaR f 4hn fniln�y_ . .
<br />—' � .. . . :evtc Cct.uacl iacicu;r � nunaa uc �ssau aax p.�. �...� ....... . ""'. . ._�r"__ 7 . _. . . . . �
<br /> " ; ing items in tlie order stated :
<br /> ( I ) ground rents, tnxes, assessments, fire and other hazard insurance premiums ; -
<br /> _ ( 11 ) interestonthenotesecuredhereUy ; and
<br /> ( i[i ) amortization of tlie principal of said note. �
<br /> ` � ?.ny deficienc�• in the amount oi any such aggregate monthlp pa��ment shall, unless made good �
<br /> by tlie .liortgagor prior to the due date of the next such pay-ment, constitute an e�•ent of default
<br /> under this mortgage. �t �fortgagee's option, ,lIortgagor `sill pay n "late charge" not exceed-
<br /> ing four per centum (•! ;<'� ) of an�� install ment `+�hen paid more thttn fifteen ( 15 ) days after the
<br /> due date thereof to co��er the extra expense im•olved in handiing delinquent payments, but such
<br /> '9ate charge" shall not Ue pay-able out of the procceds of any sale made to satisfy the indebted-
<br /> ness secured herebp, unless such proceeds are sufl'icient to discharge the entire indebtedness and
<br /> all propn_r costs and expenses secured thereb5�,
<br /> 3. If the total of the puytnents made by the hiortgagor under (a) of paragraph 2 preceding shall
<br /> � exceed the amount of payments actually made by the 9Sortgagee, as trustee, for ground rents, t��txes and
<br /> assessments or insurance premiums, as the case may be, such excess shail be credited bp the hiortgagee
<br /> on subsequent payments to be made by the Tiortgagor £or such items or, at Biortgagee's option, as trustee,
<br /> shall be refunded to riortgagor. If, ho�eecer, such monthly pavments shall not be sufficient to pay such
<br /> items when the same shall become due and payable, then the �fort�or shall pay to the �iortgagee, as
<br /> truatee, any amount necessary to make up the deficienc5• «�ithin thirty ( 30) days after �4•ritten notice from
<br /> ; the 3iortgagee atating the amount of the deficiency, which notice may be given by mail. If at anp time
<br /> � the Mortgagor shall tender to the 1Sortgagee, in accordance tisith the provisions of the note secured
<br /> ` hemby, full paytnent of the entire indeUtedness renresented thereb,v, the 3Iortgagee, as tivstee, shall,
<br /> � ; in computing the amount of such indebtedness, credit to the account of the :liortgagor any credit balance
<br /> accumulated under the provisions of (a) of paragruph 2 hereof. If there shall be a defauit under any
<br /> of the proviaiona of this mortgage resulting in a public sale of the premises co��ered hereby, or if the
<br /> Mortgagee acquires the property athenvise after default, the 3fortgagee, as trustee, shal] appip, at the
<br /> time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br /> amount then remaining to credit the �iortgagor under (a ) of parngraph 2 preeeding, as a credit on the
<br /> interestaccrued nnd unpaid and the balance to the principal then rnmaining unpaid on said note. `
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<br /> 4. The ]ien of this instrument shall remain in full force and effect during any postponement or exten- ' � ='
<br /> sion of the time of puyment of the indebtedness or any part thereof secured herehy. ' N '�
<br /> � o. He �vill pay all ground rents, tuxes, assessments, water rates, and other governmental or munici- � Y
<br /> pal chargea, fines, or impositions, levied upon said premises and that he �tizll pay all ta.�es le�•ied upon this r�.
<br /> mortgage, or the debt secured thereby, together «•ith any other taxes or assessments «�hich may be levied � , :, .
<br /> under the laws of Nebraska against the Atortgagee, or the legal holder of said principal note, on account of
<br />�, ' this indebtedness, except ���hen payment for all such items has theretofore been made under (a) of para-
<br /> graph 2 hereof, and he �vill promptl,v deliver the o�cial receipts therefor to the .liortZ{agee. In defauit
<br />�, ' thereof the hiortgagee may pay the same.
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