|
"`z'.3' . � . � . . . . � � . � . � . �' � s:: . . . �
<br />� � . .. '� ,i, .
<br /> .. . . . . . , .. �.. . . . . � . . . . . . . . � . . � . . . . � �� .- . � . .
<br /> � �
<br /> 77- v (J �. 9`�: 9
<br /> ` TO Ii.�VE ANv To HoLD t3�e same unto the Mortgage2, as 23erein provided. 1VIortgagor represents to,
<br /> and covenants with, the Martgagee, that the 31Sortgagor has good riglit to sell and convey said premises ;
<br /> ' that they are free fxom encuznbrance, exceptas hereinother«^ise recited ; that the i�fortgagor ��ill tivarrant
<br /> and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relinquiahes
<br /> nll rights of homestead, a2i marital rights, either in la�v or in equity, and all other contingent interests of
<br /> (" ' the Mortgagax in and ta the above-described premises.
<br /> I PROviDEn'ALWaYs; and t�ese presents are exeeuted and delivered upon the foltowing conditions, to
<br /> � wzt :
<br /> Mortgagor agrees to pay to the 34tortgagee, or order, the aforesaid principal sum with interest from date
<br /> at the rate of < eight: per cent�m ( g _ �'a ) per annum on the unpaid balancs until paid.
<br /> The asid prineipal and interest shall be payable at the office of First Federal Sazrings and Loan
<br /> Ass c ' a on Lin eln
<br /> in Lincol.n , or at such other place as t�e�o��der o��ie not�e may designate in
<br /> writing delivered or mailed to the bSortgagor, in monthly installinents of Qne Hundred Seventy-two anc3 44�100--
<br /> Dollaxs ($ 3.72 . 44 ) , commencing on the first day of J�� , 19 7� , and continuing on
<br /> +� the first day af each month thereafter until said note is fu31y 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 i+�� Y 2897 ; aIl
<br /> according to the terms of a certain promissory note of. even date here���ith executed by the said Mortgagor.
<br /> �.-� '� The biortgagor further agrees : �
<br /> 1. He wi21 gay the indebtedness, as Yaereiubefore provided_ Privilege is reser�ed to prepay at any
<br /> time, without premiam or fee, the entire indebtedness or any- part thereof not less than the amount of one
<br /> installment, or one hundred dollars ($140,00} , whichever is less. Prepayment in full shall be credited on
<br /> the datexeeeived. Partial grepayment, other than on an instaliment due date, need not he credited until
<br /> the nest fallp^sving installment due date or thirty da.ys after such prepayment, whichever is earlier.
<br /> 2. Together with, and in addition ta, the monthly paymencs of principal and interest payable under
<br /> the terms of the note secured hereby, Mortgagar �vill Pay to Mortgagee, as trustee, (under the terms of this
<br /> truat as hersinafter stated ) on the first day of eaeh �cnonth until said note is fully paid :
<br /> (a) A sum equal to the ground rents, if any, next due, �lus the premiums that u�ill next become due
<br /> and payable on policies of fire and other hazzrd insurance covering the mortgaged property,
<br /> plus taxes and assessments next due on the mortgaged property ( all as estimated by the Mort-
<br /> gagee, and of �i•hich the Mortgagor is n�tified ) less all sums already paid thereior divided by '
<br /> the number of months to elapse before one month �Srior t� the date �vhen such ground rents,
<br /> premiums, taxes and assessmeirts tti-ill Uecome delinquent, such sums 'to be held by Mortgagee
<br /> in trust to pay said ground rents, premiums, taxes and special assessments.
<br /> � ( b ) The aggregate of the amounts payable pursuant to subparagrapk (m) and those payable on the
<br /> note secured hereb��, shall be paid in a single pa}�ment each month, to be applied to the failow-
<br /> ing items in the orcier stated :
<br /> (i ) ground rents, taxes, assessmen#s, fire and other hazard insurance premiums ;
<br /> Qi ) interest oi�. the note secured hereby ; and
<br /> (tiI) amortization of the principal of said note.
<br /> Any deficiency� in the amount uf anyr �ucli aggregate monthl.v payment shall, unless made good
<br /> by the 1lortgagor prior to the due date of the next such payment, constitute an event of defaalt
<br /> under this mortgage, r'1t DSortgagee's option, Dlortgagor will pay a "Iate charge" not exceed-
<br /> { ing four per centurn ( 4 �i ) of an,y install ment «�hen paid more than fifteen ( 15 ) days after the
<br /> due date thereof ta cover the extra e�pense in��olced in handling delinquent payments, but such
<br /> ; "late charge" shall not be payable out of the praceeds of any� sale made to satisfy the indebted-
<br /> ness secui•ed hereby, unless such proceeds are sufficient to discharge the entire indebtedness and
<br /> all proper costs and expenses secured tnereby.
<br /> 3. If the total of the payments made by the Ntortgagor under (a) of paragraph 2 preceding shall
<br /> exceed the amount of payments actuaily made by the h'Iortgagee, as trustee, for ground rents, taxea and
<br /> asaeasments ar insurance prerniums, as the case may+ be, such excess shai3 be credited by the Mortgagee
<br /> on sabsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br /> shali be refunded ta �4ortgagar. If, however, such mozithly payments shall not be sufhcient to pay such
<br /> items when the same shail become due and payable, then the illortgagor shall pay io the Mortgagee, as
<br /> ' trustee, any amount necessary to make up the deficiency within thiriy ( 3U j �a.s a�LC_' S:':`?_ra?i �:,t=��: =r�,.= —
<br /> the bSortgag�ee stating the amount of the deficieney, which notice may be given by mail. Tf at any time
<br /> the 1Kortgagor ahall tender to the Mortgagee, in accordance with the provisions of the note secured
<br /> :� herebq, full gayment of the entire indebtedness represented �hereby, the Mortgagee, as trus4ee, shall,
<br /> in computing the amount of s�ch indebtedness, credit to the account of the Diortgagor any credit balance
<br /> accumuAated under the provisions of (a ) of paragraph 2 hereof. If there shall be a default ander any
<br /> of ths grovisicrns af th'ss martgage zeau!ting in a �tzblic sale of the gremises covea-ed hereby, or if the
<br /> aZSorsgagee acquires iue propea-iy o�nerwise aiier defauit, tiLe _�lurigagee, aa irusteee, si�aii a�piy, aL tlie
<br /> time of the commencement of auch proceedings, or at the time the propert,y is atherwise acqnired, the
<br /> amount then remaining to credit the Mortgagor under ta1 of paragraph 2 preceding, as a credit on the
<br /> +. intereat seerued aad nnpaid aad the balance to the principal then remaining unpaid on said note.
<br /> � �,, � - , �'...
<br /> 4. The iien of this instruiraent shall remain in ful3 force and effect during ans� postponement or exten- -
<br /> ra p
<br /> sion of the tirne of pay ment oi ihe indebtedness or any part thereof secured hereby. ;+�' n:y
<br /> � 5. He vqill p8y all ground rents, taxes, assesxments, �vater rates, and other governmental or munici- � s ,:,
<br /> pai cha�rges, fines, or imposi#ions, le��ied upon said premises and that he «�ill pa�� ail taxes ie�ried upon this � '.
<br /> ; �� o �„ _
<br /> mortgage, or the debt secured Lhereby, togezher �s•ith any other taxes or assesaments which may be levied
<br />�. un�ier tae laws of Aiebrasica ssgainst tne irlortgagee, or tihe ie�ai nvlaer oi saiii prineipai note, un sucuun� vi ���
<br /> � x t1iiH �iSldOklL2aZless; . except Wtlen pa3Znent Ser sii sue.11 ii9ms iuia LilereLtjSv.re tJeeIl 21l'dd� us13E'Y �aj ui pdrd- .
<br /> gxaph Z hereof, and he will promptly delitier the offieial receipts Lherefor to the `�Iortgagee. In default
<br /> thereof the '�, ortgagee may gay the same.
<br /> ; ' -
<br /> r
<br /> � �_ �
<br />�; �
<br />
|