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<br /> To Havrs nNn To Hot.n the same unto the ➢fortgagee, as herein provided. rZortgagor represents to,
<br /> and covenants with, the Mortgagee, that the I1lortgagor has good right. to sell and convey said premises ;
<br /> that they are free from encumbrance, except as hereinother�t�ise recited ; lhat tlie Diort�agor will warrant
<br /> and defend thesame against the lau-ful claims of all persons �ehomsoever. ➢4ortgagor hereby relinquishes
<br /> ali rights of homestead, all marital rights, either in law ar in equity, and all otl�ei• contingent interests of
<br /> rthe hiortgagor in' and to the above-described premises.
<br /> PROVIDED ALWAYS, and these presents are executed and delivered upon tlie foilo�ving conditions, to '
<br /> wit :
<br /> ' hioi tgagor a�rees to pny to the lliortgagee, or order, the afore.said principal sum «�ith interest from date
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<br /> at the rate of eight per centum ( 8 .(�) r annum on the unpaid balance until pnid.
<br /> The said principal und interest shall be paYable �t the office of � '-'st Federal Savinos and lioan
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<br /> in or at such otlter place as t�lie ho�lc�er of t�e no�e may designate in
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<br /> writing delivered or mniled to the �iortgagor, in monthig installments of mwo };undred Ninetees and 03/100---
<br /> Dollars (� 219 . 03 ) , commencing on the first day of April , 19 7Y , and continuing on
<br /> the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the fin�l
<br /> pstyment of principal tind interest sh111 be due and payable on the first day of I�'�ren 2007 ; d��
<br /> according to the terms of a certain promissory note of even date herewith executed by the said 2lfortgagor.
<br /> The biortgagor further agrees :
<br /> , . 1. He will pay tl�e indebtedness, as l�ereinbefore provided. Pri�•ilege is reser��ed to prepay at any
<br /> time, tirithout premium or fee, the entire indebtedness 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. Partisil prepayment, other than on an installment due date, need not be credited 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 monthly payments of principal and interest payable under
<br /> the terms of the note secured hereby, �lfortgagor ��•ill pay to ?�Sortgagee, :u trusteG (under the terms of this
<br /> trust as hereinafter stated) on the first day of each month unti! said note is fully paid :
<br /> (a) A sum equal to the ground rents, if ant�, next due, plus the premiuma that will next become due
<br /> and payable on policies of fire and otl�er hazard insurance covering the mortgaged property,
<br /> plus taxes and assessments next due on the mortgaged propert}• (all as estimated by the rlort-
<br /> gagee, and of n�hich the 3fortgagor is notified ) less all sums already paid therefor divided by
<br /> the number of months to elapse before one montii prior to the date �chen such ground rents,
<br /> premiums, taxes and assessments n•ill become delinquent, such sums to be held 65� Mortgagee
<br /> in trust Lo pap said ground rents, premiums, taxes and special assessments.
<br /> (b) The aggregate of the amounts pa}•able pursuant to subparagraph (a) and those payable on the
<br /> ' note secured hereby, shall Ue paid in a single pa��ment each month, to be applied to the folloti��-
<br /> � ing items in the order stated :
<br /> (i ) ground renEs, ta,ees, assessments, fire and other hazard insurance premiums ;
<br /> (II ) interest on the note sacured hereb�• ; and
<br /> (ttI) amortization of the principal of said note. }
<br /> Any deficienc3� in the amount oi an�- such aggregate monthi�� payment shall, unless made good
<br /> Uy the \Im•tgagor prior to the due date of the next svch payment, constitute an e�•ent of default
<br /> under this mortgage. At _lfortgagee's option, '.1lortgagor will pay a "late charge" not exceed-
<br /> ing four per centum (•1 �e ) of an�• install ment �chen paid more than fifteen ( 15) da}•s after the
<br /> due date thereof to cocer the estra expense invohed in handling delinquent pay�nents, but such
<br /> "late charge" shall not be pa}�able out of the proceeds of any sale made to satisfy the indebted-
<br /> ness serured hereby, unless such procecds are su(ficient to discharge the entire indebtedness and
<br /> all proper costs and espenses secured thereby.
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<br /> 3. If the total of the payments made by the ?I'Iortgagor under ( a ) of paragraph 2 preceding shall
<br /> exceed the amount of payments actu111y made by the Biortgagee, as trustee, for ground rents, taies and
<br /> assessments or insurance pretniutns, as the case may be, such escess shall be credited by the Dfortgagee
<br /> on subsequent payments to be made by the �17ortgagor ior such items or, at 3lortgagee's option, as trustee.
<br /> shall be refunded to ➢iortgagor. If, ho�cever, such monthl�� payments shall not be sufficient to pay such
<br /> itetns �rhen the same shall become due and payable, then the rio7•tgagor shall pay to the 3lortgagee, as
<br /> trustee, any amount necessary to make up the deficiency «�thin thirt�� (30) days after written notice from
<br /> the 1lfortgagee stating the amount of the deficiency, which notice may be given by mail. lf at any� time
<br /> the �iortgagor shali tender to the �iortgagee, in accordance �sith the provisions of the note secured
<br /> hereby, full payment of the entire indebtedness represented thereby, the lfortgagee, ns trustee, shall,
<br /> � in computing the amount of such indebtedness, crndit to the account of the �3ortgagor anp credit balanc2
<br /> accumulated under the provisions of (a) of paragraph 2 hernoi. If there shall be a default under any
<br /> of the provisions of thia mortgage resulting in a public sale of the premises co�•ered hereby, or if the
<br /> 3iortgagee acquires the property othenrise after default, the 9tortgagee, as trustee, shall apply, at the
<br /> time of the comatencement of such prnceediags, or at the time the propertp is othenvise acquimd, the
<br /> amount then remaining to credit the biortgagor under (a) of paragraph 2 preceding, as a credit on the
<br /> interest accrued and unpaid and the balance to the principal then remaining unpaid on said note. " � . �
<br /> 4. The lien of this instrument shall remain in fuil force and effect during anp postponement or exten- � N s, �
<br /> ' sion of the time of pay-ment of the indebtedness or any part thereof secured hereby. �
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<br /> � 5. He will pa} all ground rents, taxes, assessments, «'ater rates, and other goeernmenta] or munici- ''
<br /> pal charges, fines, or impositions, ]evied upon said premises and that he will pa}- all taxes ]evied upon this �` �
<br /> mortgage, or the debt secured thereby�, together «•ith anp other taxes or assessments «-hich ma}• be levied �
<br /> under the laws of :�ebraska against the liorYgagee, or the le��l holder of said principal note, on account of _ "
<br /> _ this indehEedness, except �chen payment for aU such items has theretofore Ueen made under (a ) of para-
<br /> graph 2 hezeof, and he �ciil promptly deli�•er the otTicial receipts tiherefor to tlie 1lortgagee. In default
<br /> thereof the Mortgagee may pa�� the same.
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