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<br /> TO fiAVC nNU To HoLD the si�me unto the 111ortgagee, as hei•ein provided. biortgagor represe�its tu,
<br /> and covenflnts with, the Mortgn�ee, tl�at thc Mort�ttgor has good right to sell and convey said premises ;
<br /> thnt they are free from encumbrzmce, except Fts hereinother�sise recited ; t,hat the Mortgagor will warrant
<br /> and defend the sume against the lu�vful clnims of ull persons whomsoever. Nlortgagor hereby relinquishes
<br /> � � all rights of homestead, nll mnrital rights, eiiner in ]1�v or in equity, and all uttier wntingent iiiterests of
<br /> ` r the 114oi�tgngor in and to the aUuve-described premises.
<br /> � YROVIDED AtiWAYS, and these present� are executed und delivered upon the follo�ving conditions, to
<br /> � � Wlt : � . � � . � . � � . : �
<br /> Mortgagor ngrees to pay to the Mortgagee, ur order, the aforesaid principal sum wittt interest from dtite
<br /> at the rnte of eight per centum ( 8 . 0 'io ) per �nnum on the unpaid balnnce until paid.
<br /> The snid principal and interest shali be payable at the oliice of Ptrst Pederal Sayings and Zoan
<br /> i As c at on £ Li coln
<br /> jn incoln , or at such othec pluce us �Pe �iol�er of�he no�e may designate in
<br /> � writing delivered or mailed to the i�fortgttgor, in monthly instnllments of One Hundred Sixty-ei6ht and 04�100-
<br /> Dollnrs ($ 168 . 04 ) , commencing on the first day of iday , 19 77 , and continuing on
<br /> the first day of each month therenfter until said note is fully paid, except thut, iP not sooner paid, the final
<br /> ; ��ttyment of principnl and interest shull be due nnd payable on the tirst day of Apri1 2007 ; all
<br /> according to the terms of a certain promissory note of even ciate he�•e�vith executed by the said Mortgagm�.
<br /> ; The Mortgagor furtlier agrees :
<br /> ` 1 1. He will pay the indebtedness, as hercinbefore provided. Privilege is reser�•ed to prepay at any
<br /> time, �vithout 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. Partial prepayment, other than on an installment due dute, need not be credited until
<br /> the next following installment due date or thirty days after such prepayment, whichever is eazlier.
<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, hfortgagor will pay to hfortgagee, as tivstee, ( wider the terms of this
<br /> < " � trust as hereinafter statecl) on the first day of each month until said note is fully paid :
<br /> � � (a) A sum equal to the ground rents, if any, �iext due, plus tlie premiums that �vill next become due
<br /> ; � and payable on policies of Gre nnd other hnzard insurance covering the mortgaged property,
<br /> � plus taxes :uid assessments next due mi the mortgaged propertp ( all as estimated by the i�fort-
<br /> gagee, and of iahich the Mortbagor is notified ) less all sums already paid therefor divided by
<br /> ;` the number of months to elapse before onc month prior to the date ���hen such ground rents,
<br /> ' premiums, taxes and assessmeuts �+•ill become delinquent, such sums to be held b,v �iortgagee
<br /> in trust to pa3� said ground rents, premiums, taxes and special assessments.
<br /> a (b ) The aggregate of the amounts p�ylble pursuaiit to subparagraph (u) and those payable on the
<br /> note secured hereby, shall bc paid in a single payment each month, to be applied to the follotis-
<br /> ; ing items in the order stated :
<br /> � � ( t ) ground rents, taxes, assessments, fire and other hazard insurance premiums ;
<br /> ( II ) interestonthenotesecuredhereb�• ; and
<br /> , � ( 1II ) amortization of the principni of said note.
<br /> ', Any deficiency in the amowit of nny such aggregate month(y payment shall, unless made good �
<br /> by the Bloi•tgagor prioi• to the due date of the next such payment, constitute an event of default
<br /> � under this mortgage. At \fortgagee's option, �Iortganor will pay a '9ate charge" not exceed-
<br /> ing four per centum ( 4 ?c ) of any install ment �rhen paid more than fifteen ( 16 ) days after the
<br /> ' due dlte tlici•eof to co��er thc extra expense im�olved i�i handling delinquent pa}•ments, but such
<br /> y '9ate charge" shall not be payaUle out of lhe proceeds of any sale made to satisfy the indebted-
<br /> i ness secured hereby, unless such piroceeds are sufticient to discharge the entire indebtedness and
<br /> all proper costs and expenses sectu�ed thereby.
<br /> s 3. If the total of the payments made by the hiortgagor under (a) of paragraph 2 preceding shall
<br /> exceed the amount of paymenl;s actually made by the 14ortgagee, as trustee, for gi•ound rents, taxes und
<br /> assessments or insurance premiums, as the case may be, such excess shall be credited by the niortgagee
<br /> f, on subsequent payments to be made by the Mortgagor for such items or, at Dtortgagee's option, as trustee,
<br /> a shall be refunded to ?�iortgagor. If, however, such monthly payments shall not be sufficient to pay such
<br /> �- items �vhen the same shall become due and payuble, tlien the \fortgagor shall pay to the nfortgaqee, as
<br /> trustee, any amount necessaiy� to make up the deficiency within thirty ( 30 ) d�ys after �critten notice from
<br /> a' the l�iortgagee stating the umount of the deficiency, which notice may be given by mail. If at any time
<br /> , the Mortgagor shall tender to the Eiortgagee, in accordance �vith the provisions of the note secured
<br /> hereby, full paytnent of the entire indebteclness rePresented thereby, the 1lortgagee, as trustee, shall,
<br /> in computing the nmount of such indebtedness, credit to the account of the hlortgagor any credit balance
<br /> uccumulated under the provisions of (¢) of paragraph 2 hereof. If there shall be a default under any
<br /> of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the
<br /> Mortgagee acquires the property othenvise after default, the Biortgagee, as trustee, shall apply, at thc
<br /> time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br /> amonnt then remaining to credit the Moi�tgagor under (a) of paragraph 2 precedi:ig, as a credit on the
<br /> interest accrued and unpaid and the balance to the principal then remaini:ig unpaid on said note.
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<br /> 4. The lien of this instrument shall remain in full force and efFect during any postponement or exten- �
<br /> sion of the time of payment of the indebtedness or any part thereof secured hereby. �i •.
<br /> L5. He �vill pay all ground rents, taxes, assessmenta, �vater rates, and other govcrnmenta] or munici- � �
<br /> pal charges, fines, or impositions, levied upon said premises and that he will pay all taxes levied upon this v
<br /> mortgage, or the debt secured thereby, together with any other taxes or assessments �chich may be levied �''
<br /> under the laws of IvTebraska against the \4ortgagee, or the legal holder of snid principal note, on account of � `
<br /> this indebtedness, except ���hen payment for all such items has theretofore been made under (a) of partt- -
<br /> grnph 2 hereof, and he �ti�ill promptly dcliver the ofTicial receipts therefor to the 1lortgagce. In default
<br /> thereof the Mortgagee mny pay the same.
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