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<br />� To HnvE nNn To HOr.v the same unto the 3iortgagee, as herein provided. Diortgagor represents to,
<br /> and corenunts with, the Mortgagee, that the 111ortgagor has good right to seli and convey said premises ;
<br /> Yh..st ihey are frc-� from eiicuu�Urauce, except as hereinothEru-ise recited ; that the �tortgagcr �c;ll «�arrant
<br /> and defend the sume against the la�rful claims of all persons �•homsoever. :�Sortgagor hereby relinquishes
<br /> all righfs of homestead, all marital rights, eitlter in la�v or in equit��, and all other contingent interests of
<br /> ' ' the �iortgagor in and to the abo�•e-described premises.
<br /> ` PRov[nID ALtvaYs, and these presents are executed and delivered upon the following conditions, to
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<br /> 4 Diortgagor ngrees to pay to the :�1orEgagee, or order, tl�e aforesaid principal sum with interest from date
<br /> ? at the rate of eight per centum (s .0 io ) �eila t�'ee�ertal Sz�ng �a nc �ten��i�.
<br /> � The said principal and interest shall be papable �t the oRice of A�sociat�on of L . ncoln
<br /> ; in Lir.ccln : , or at suck otlier place as the holder of the'note may designate in
<br /> i writing delivered or mailed to the ?liortgagor, in monthly installments of �,ro Htmi:red Sevenby-eigiet and IO�l�t �
<br /> ' Dollars ($ 278 . 10 ) , commencing on the first day of p�y , 19 77 , and continuing on
<br /> ` the first day of each month tl3ereafter until said note is fully paid, except that, if not sooner paid, the final
<br /> pay�tnent of grincipal and interest shatl be due and payable on the first day of p�r; Z 2pp7 ; a1!
<br /> s according to the terms of a certain piromissory note of e��en dnte herewith executedby the said �fortgagor.
<br /> The Mortgagor further agrees :
<br /> 1 1. He «•ill pay the indebtedness, as hereinUefure provided. Privilege is reserved to prepay at an}•
<br /> time, without premiunt or fee, the entire indebtedness or any part thereof not less than the amouni of one
<br /> installment, or one hundred dollats (5100.00), whichever is less. Prepayment in full shall be credited on '
<br /> ' the date received. Partial prepaymeni, other than on an installment due date, need not be credited uniil
<br /> ; ihe nea-t following installment due date or thirty days after such pmpayment, whichever is eazlier.
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<br /> -� 2. Together �rith, and in addition to, the monthly payments of principal and interest nayable under
<br /> the terms of the note secured hereby, lliortgagor ��•iii pay to 3fortgagee, as tivstee, ( 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 fhe ground rents, if any, next due, plus the premiums that �rill next become due
<br /> and parable on policies of fire and other hazard insurance covering the mortgaged property,
<br /> , , plus taxes and assessments next due on tiie mort�aged property {all as estimated by the 3iort-
<br /> gagee, and of tichic}� the '.1lortgagor is noiified ) less aA sums already paid therefor divided by
<br /> the number oi months to elapse before otie mont}t prior to the date �+•hen such ground rents,
<br /> ' prer¢iums, taxes and assessments �t•ill beeome deli�iquent, such sums to be held by �Sartgagee
<br /> ` in trust to pay said ground rents, premiums, taxes and special 2ssessments.
<br /> ( b) 'I'he aggregate of the amuunts pa}•able pursuant to subparagraph (a) and those payable on the
<br /> noEe secured hereb}•, shall Ue paid in a single payment each month, to be applied to the follok•-
<br /> ; ing items in the order stated : �
<br /> Q ) ground renis, tases, assessmenrs, rire and other hazard insurance premiums ; �
<br /> ( ti ) interesi on the note secured hereby� ; and
<br /> ( III ) amortization of the principal of said no[e. y
<br /> An} deficienc�• in the amount of an�� such aggregate monihl}• pa}�ment shall, unless made good j
<br /> b�• the �Ior'tgagor prior to the due date u: the next such payment, cons 'titute an ecent of default #
<br /> under this mortgage. �t .lfor:gagee's option. .liortgagor will pay� a "late charge" not exceed- �
<br /> ing four per centum (4 ;i ) ai an�• install ment tirheiz paid more than fiiteen ( 15 ) day�s after the
<br /> due date thereof to cocer the e�tra expense im•olced in handling delinquent pn�-ments, but such j
<br /> "late charge" shall not be pacable out oi the proceeds of ane sale made to satisfy the indebted- ;
<br /> - ness secured hcreby, unless such grocceds are sufricient io discharge the entire indebtedness and j
<br /> all proper costs and expenses secured thereb�•. ;
<br /> ` : 3. If the total of the pay-ments made by the :�fortgugor nnder (a) of paragraph 2 preceding shall �
<br /> , ,; e�ceed the amount of papments actuallp made hy the \tortgagee, as trustee, for ground rents, taxes and �
<br /> assessments or insurance premiums, as the case may be, such excess shall be credited bp the 'sfortgagee
<br /> on subsequent payments to be made b�• the Biortgagor for such items or, at 3fortgagee's option, as trustee, I
<br /> ; shall be zefunded to 3tortgagor. If, hotre4er, such monthly payments shall not be sufficient to pay such I
<br /> items K�hen the same shall become due and payable, then the ?�iort�*a�or shalt pay to the �tiortgagee, as
<br /> trustiee, any amount necessan• to make up the deficiency �cithin thirty (30) da>�s after n•ritten notice from
<br /> the �fortgagee stating the amount of the deficiency, which notice map be gi�•en by tnail. If at anp iime I
<br /> the �iortgagor shall tender to the Ilfortgagee, in accordance �ci 'th the provisions of the note secured
<br /> hereby, fuli paytnent of the entire indebtedness represented thereby, the .liortgagee, as trustee, shall.
<br /> in computing the amount of such indebtedness, credit to the acwunt of the 3iortgagor any credit balance
<br /> accumulated under the prorisions of (a) of paragraph 2 hereof. If there shall be a default under an�•
<br /> ; of the provisions of this mortgage resulting in a public sale of the premises co�•ered hereb}•, or if the
<br /> Diortgagee acquires the propertp otherci•ise after default, the �fortgagee, as trustee, shall apply, at the
<br /> time of the commencement of such proceedings, or at the time the property is othe�ise acqaimd, the
<br /> ` ` amount thett. remaining to credit the Diortgagor 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. ,
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<br /> 4. The lien of this instrument shall remain in full foree and effeei during anc postponement or e�cten-
<br /> sion of the time of paSznent of the indebtedness or any part thereof secured hereby. � "
<br /> ; 5. He �;-ili pay ali ground rents, taxes, assessments, �sater rates, and other governmental or munici- I �
<br /> al char fines, or im sitions, le�ied u n said remises and that he «ill a� all taxes ]evied u on this "� '
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<br /> mortgage, or the debt secured thereby, together �cith anr other taxes or asse�sments which mag be levied �
<br /> under the la�c•s of Nebraska againstthe '�fortgagee,or the legal holder oi said principal noie, on account oi
<br /> this indebtedness, eecept tichen payment for all such items has theretofore been made under ( ¢ ) of para-
<br /> graph 2 hereof, and he �riil promptly deli�•er the official receipts 'therefor to the _liortgagee. In default
<br /> thereof the �liortgagee may pay the same.
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