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<br /> TO I�IAVE ANn To Ho[.n the same unto the Ilfortgagee, as herein prorided. hfortgn¢or renresents ta,
<br /> and covenants «�ith, the 113ortgagee, tl�at the Afortgagor has good riglit to sell and convey said premises ;
<br /> tliat they are free from encumbrance, except as hereinothern�ise recited ; that the Mortgagor �vill warrant
<br /> and defend the same against the lawful claims of a11 persons whmnsoever. hiortgagor hereby relinquishes
<br /> all rights of homestead, alLmarital rights, either in la�v or in equity, and all other contingent interests of
<br /> r the nSortgagor in and to the abov�described premises.
<br /> ' � � . � � PROVIDED .ALWAY&, flrid .tjtQS@ pT050ntS 8rC 2XeCUt0C1 arid �CliveTed � upOri tlle fOl10WiAg COIIdItIOnB, � tO . � -� �
<br /> �. i - W1tC � . .. � . . . . . . . . . . - �. . . . . �
<br /> [ ➢iortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br /> , ! at the rate of eight per centum ( $ ,y� ) per annum on ti�e unpaid balance until paid.
<br /> The said principal and interest shall be payable at tlie of}'ice of Pirst Federel Savings and Loan
<br /> in Linco],n Ass i t ' n o Lin oln
<br /> , or at sucli other place ns�fie�o�8er oY�tlie no�te may designate in
<br /> writing delivered or mailed to the Tiortgagor, in monthly instnllments of One Aundred Seventy-nine and 78�
<br /> Dollars ($ 179 . 78 ) , commencing on the first day� of April , 19 7� , and continuing on 100
<br /> ; the first day of eaclt month ti�ereafter until said note is fully paid, except tliat, if not sooner paid, the rnal
<br /> ; payment of principal and interest shall be due and payable on the first duy of D�-rch 2007 ; all
<br /> according to the terms of n certain promissory note of even date herewith executed by the said alortgagor.
<br /> The biortgagor further agrees :
<br /> : ; 1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at anY
<br /> ` time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one
<br /> ,' installment, or one hundred dollazs (�100.00), whiche��er is less. Prepayment in full shali be czediied on :
<br /> � the dute received. Partial prepayment, other thun 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 eazlier.
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<br /> 2. Together with, and in addition to, the monthly papments of principal and interest payabie under
<br /> ` the terms of the note secured hereby, �liortgagor will pay to niortgagee, 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) A sum equal to the ground rents, if an��, nest due, plus the premiums that tvill nest become due
<br /> :' � and payable on policies of fire and other hazard insux'ance co��ering the mortgaged property,
<br /> ; plus taxes and assessments next due on the mortgaged propeity ( all as estimated bp the \fort-
<br /> . " -+ gagee, and of iehich the Dfortgagor is notified ) ]ess all sums already paid therefor divided by
<br /> E } the number of months to elapse before one month prior to the date trhen such ground rents,
<br /> ; : y premiums, tazes and assessments �citt bccome delinquent, such sums to be held b,v �'Iortgagee
<br /> ;: i in trustto pay� said ground rents, premiums, tlxes and special assessments.
<br /> ' S ( G) The aggregate of the amounts payable pursuant to subparagraph (a ) and those payable on tlte
<br /> ,�: t note secured lierebp, shall be paid in a single papment each month, to be applied to the follow-
<br /> `;' s ing items in the order stated :
<br /> ( t ) ground rents, taxes, assessments, f9re and other hazard insurance premiuma ;
<br /> ` � ( II ) interest on the note secm•ed hereby ; and
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<br /> ( IIt ) amortization of the principal of said note. �
<br /> ;. ' � Any deficiency in the amount of ang such aggregate monthly payment shall, unless made good i
<br /> by the ➢Iortgagor prior to the due date of the next such payment, constitute an event of default �
<br /> ;. : under this mortgage. At lfortgagee's option, lfoi•tgagor ticill pay a "late charge" not exceed-
<br /> � ing four per centum (4 �i ) of anp installment u•hen paid more than fifteen ( 15) days after the
<br /> due date thereof to co�•er the estra espense involved in handlingdelinquentpn�•ments, butsuch
<br /> '7ate charge" shall not be payable out of the proceeds of any sale made to satisfy the indebted-
<br /> ness secured hereby, unless such proceeds are sufficient to discharge the entire indeUtedness and
<br /> all proper costs and espenses secured thereby.
<br /> � ' 3. If the total of the payments made by the \fortgagor under (a) of paragraph 2 preceding shall
<br /> � , exceed the amount of payments uctually made by the 3�ortgagee, as trustee, for ground rents, tnxes and
<br /> � assessments or insurance premiums, us the case may be, such excess shall be credited by the 1ltortgagee
<br /> on subsequent payments to be made by the hiortgasor for such items or, at 1lortgagee's option, as trustee,
<br /> shall be refunded to Diortgagor. If, however, such monthly payments shall not be sufficient to pay such
<br /> items when the same shall become due and payable, then the Tfortgagor shall pay to the �iortgagee, as
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<br /> trustee, any amount necessary to make up the deficiency ���ithin thirty ( 30) days after «�ritten notice from
<br /> the rSortgagee atating the amount of the deficiency, which notice may be given by mai1. If at any time
<br /> the Bfortgagor shall tender to the 1lfortgagee, in accordance ��•ith the provisions of the note secured
<br /> ` hereby, full paytnent of the entire indebtedness represented thereby, the lfortgagee, as trustee, shall,
<br /> ` in computing the amount of such indebtedness, credit to the account of the ➢fortgagor any credit balance
<br /> accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under uny
<br /> of the provisions of this mortgage resulting in a public sale of the premises co�•ered hereby, or if the
<br /> biortgagee acquires the property othenvise nfter defauit, the lfortgagee, as trustee, shall apply, ai the
<br /> time of the commencement of such proceedings, or at the time the property is other«ise acquired, the
<br /> ' � amount then retnaining to credit the ➢iortgagor under (a) of paragraph 2 preceding, tts a credit on the
<br /> intereat accrued and unpaid and the balance to the principal then remaining unpuid on said note. . ;; i . �;. ;
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<br /> 4. The ]ien of this instrument shall remain in full force and effect during an5• postponement or exten- N
<br /> sion of the time of pay-ment of the indebtedness or any part thereof secured hereby. � �
<br /> ' I 5. He will pay all ground rents, taxes, ussessments, �cater rates, and other governmental or munici- I
<br /> pal charges, fines, or impositions, levied upon said premises and that he �t�ill p1y all taxes levied upon this � '
<br /> mortgage, or the debt secured thereby, together �vith any other ta�es or assessments «•hich may �be levied � -
<br /> under the laws of NeUraska against the hSortgagee, or the leqal holder of said principal note, on account of -
<br /> this indebtednesa, except «�hen papment for nil such items has theretofore Ueen made m�der (n) of para-
<br /> graph 2 hereof, and he �cill promptly deliver the oflicial receipts therefor to the :1Iortgagee. In defauit
<br />� thereof the hiortgagee may pay the same.
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