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<br /> 7�- t) C) � � 29
<br /> TO H.�ve allo To ffc7tB the saane unto 'the Niortgagee, :ss hcrein �>ca��ided. Mortgagor repr�sents tu,
<br /> and covenants with, tiie 1Kortgagee, that the 1ltortgagar has Kuo�l x• ight to si+U and convey said premis�s ;
<br /> that th.�3 are free from encwnGa•ance, �xcept as hereinothex•�+-isc rcrcited ; that tYie bfor�gagor �;�il � warrant
<br /> and defent3 tk'te s�rue ��ainst tfce ]a�vful cl�xim3 oi a!f ��rs�a�s whoct�soever. hlortgagor hereuy relinquisktes
<br /> � all rights of homestead, all roaratll rsghts. either :�i la�v or in equity, and all oth�r contingent intcrests nf
<br /> the NLortgagor in and to the above-descrif�ed �remises.
<br /> I'ROVtnEn ALwa;Xs, and these presents �re Executed anci delivered upon t�e folloavin� conciitions; to
<br /> wit :
<br /> lblo.rtga�or agrees to pay ta the 14Lortgagee, ur order, the afores<iid {arincipal surn wvith interest �rom d<:te
<br /> at the rate af eight �ez centum ( a • ��-ajF�er a�n�,ux� un �h� unpaid bala�c��antil �id.
<br /> Thes2i� princi��aland interest sYzallbe p�yuk>le at ttte of�iceof ofSI incoln� avt��s an c3aei suciation
<br /> 3n Graz�d Is land , Nebraska , ox� aC s��cf� uLi�ei frIuee as the hotder af the note may designc�te in
<br /> writir.g de3ivered or maileci to the ilSox•E�a�or, in rnontizly instailments ofTWO HUNDRED SIXTY 'rNREE AND 43 / lOd
<br /> Doltars �$ 263 . 43 } , comme�icing c�n the first day �,t �;,:3y , 19 7-� , and contim?ing on
<br /> thefirst da,y of each 'month tl3erenPter until snid note is fully paid, exce�t that, if not sooner paidr the iinal
<br /> ��ayment of �iincinni and interest shx?1 �e due and E>ayable ou the fii•st c11y of .�une 2pp7 , ail
<br /> accordinKf.o tIie terms ofa cet•� �n promissax•y� note of' even ciate herecvith executed by the said b'�origagar.
<br /> The MortgAgor further ag��ees :
<br /> 1, He �vill pay the indebte<Iness, as liereinbefore �rovided. Privilege is reserved to prepa.y at an,y
<br /> time, without p.i•emium oc fee, the entire itidebteciness or �ny pas•t tt�ereof not less than the amotant of vne
<br /> w, , instai7:ment, or one hundred dollars ($I00.00 ) , whichever is less. Prepayment in full shall be credited on
<br /> the date received: Pa.rtial prepav menv, other than on an installment due date, need not be cred3ted until
<br /> the next following installment due date or thirty c�ays �ter such prepayment, whichever is eariier _
<br /> ' ' 2. Together Fvith, and in addition to, the monthiy payments af px•incipal and interest payable under
<br /> the terms of the note secu2•ed hereby, Mortgagor �vill pay to �Iortgagee, zs tr�.zs�e, ( eznder ttie terz�s of t$is
<br /> trust as �ereinafter stated) on the first day of each month until said note is fully paid :
<br /> (a} A sum equai tothe gi•ound rents, if an,y, next c€ue; plus the premiums that �vilt next become due
<br /> and gayable oii policies of fii•e and othec• hazard insurance co�>ering the mortgaged property,
<br /> pIus taxes ai�d assessments next due on the mortgaged propertp ( allas estim.:ted by t:�c �iort-
<br /> gagee, and oP �t� hich the Moi-tgagor is notifieci) less all sums already paid therefor divided by
<br /> '� � ttze numbex• of inoirths to e3apse befoz•e oi�e rnonth prior to the date when such grouracl rents,
<br /> prerniums, taxes and assessments .i�ill become ctelinquent, such sums to be held by Mortgagee
<br /> ' in trust to ��ay snid �;round rents, premiums, tases and spE�cial assessments.
<br /> (b ) The aggregate of the aix�ounts paj�abie. pursuant to suUparagrnph ( cr ) and thos� payable on the
<br /> note securec3 hereU�r, shall be paid in :s sittgie payn�ent ea�ii uiuni.iy to be app2ied to the follow-
<br /> „ y ': ing items irr the orc3er st�xted :
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<br /> ` ' (i ) ground rents, taxes, assessments, fii•� and r,ther hazard insurance premiums ;
<br /> � + ( Ii ) interest un the note secured lierebt- ; �iid
<br /> � ' { i1t) amortizatian of the principal of saidnote.
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<br /> Any deliGienc,v in lhe amount �f aity such agz;regate nionthly paymeut shail, unless xn�de good
<br /> . i by the lioi,•tgagoi• px•iai• to iiie ciue ciaie of the iiexc sucii ��aymeiii, constitutz an eveni oi derauli
<br /> nn�er this mortgaga_ .�t h3'ortg�agee's option, illortga�or wili pay a "Inte chaige" no�c exceed-
<br /> . , ing four pex� centum (�! ;. ) of any i�islallm�iit ��� Iien gaid more than fifteen ( 15) days aiter the
<br /> due clate thereo.f' to ca��ex• tiie ertra expense involo�ed in handling dcli xiquent payments, buti`such
<br /> "late charg•e" shall nat be pa,yable out of tiie pi•oceeds �f an�- sale made to satisfy the is�deUted-
<br /> ; ' ness secured liereby, unless such p7•occeds at•e sufFicient io discharge the eutire indebtednesa and
<br /> ,; ali proper costs: and e�3penses secui•ed thcreby�.
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<br /> ` 3. If the tota.l of the payments made by the Ntort�,*�tgor unc:er ( a} of pa�•ngrapix 2 px•�eec3in� skatl
<br /> exeeed t�te amount o£ payments �ctually made by the 241or•tgagee, as trustee, fac graund rents, t�.xes and
<br /> � assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br /> on suhsecfuent payments to be made by the Mortgagor for such it�ms or, at Mortgagee's option, as trustee,
<br /> shall !xe refunded to it�ortgagor. lf, hotivever, such monthly p�yments shaIl not be sufiieient to pay such
<br /> ' items when the same shall become due and payable, tfzen the BZortgagor shall pay to the biort�ngee, �s
<br /> trustee, a.ny amAunt necessai•y to make up the deficiexacy �c•ithin thirty ( 30) da,r-s aifter written natiee from
<br /> the Mortgagee stating the amount of the deficiency, ��•hich notice rnay be gi�•eai by rnail_ Tf at �.ny� time
<br /> the Ntort,gagor shall tender to the Moi�tgagee, in acc<�rdance �vith the provisians of the note secux-ed
<br /> hereby, full payment of the entire iztdebtedness reprtsented ther�by, tl�e �fortgagee, as trustee, shall.
<br /> in computing the amount of sucE; indehtedness, credit to the lecount of Ehe Mortgagor any credit balance
<br /> accumula�ed under the provisions of ( a) af para�raph 2 hereof.. If there shall be a ciefauit nnder any
<br /> of the proviaions of this mortgage res��iting in a pabiic sale oP t}ae premises co4ered taereby, vx if the
<br /> Mbrtgag�e acguires the property otherwise after defaull;, the 1Vlortgagee, as tivstee, shall appl�%, at the
<br /> time of the commencement of such proceedings, or at the time the propert,y is otherwise acquireci, tdie
<br /> �,mount then remaining to credit the Mortgagor under ( ¢ ) of paragraph 2 pr�ceding, a.s a c:•edat on the
<br /> inEerest a+ccruet3 and unpaid and the balance to the principal then remaining unpaid on said note. -y;� ,- � ^ ; '
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<br /> 4. Tfie lieis of this instrument shall remain in full force and effect during ar_y posL�onement orexten- '` rp�t �. "
<br /> asion of the titne of payment of the indebtedness or auy part thereof secured hereby. �� �
<br /> � ': 5. He widi �ay ali ground rents, taxes, assessmeuts. «`ater rates, and other governmental or munici- `
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<br /> pal eha:rges, fines, or inapositio�is, le�=ied upon said preniises anci tliat he �vitl pac �lt taxes lecied upon this
<br /> mortgage� pz' the debt secured the�eljy, tc,gether �4•ith an�: otlier taYes or assessrrsents ��hieh may b*e levieci
<br /> under #d�se 3awstrf Nebra�ka n��iei�xinP iviortgagee, or the legai holcier of said principai note, ai aceount of *�
<br /> this in$etstednesa, except �c�hen patment far a31 such iteais has thereiofore been made unc3ez• (a ) c+f para-
<br /> graph 2 hereof, and he wiil prom�iiy ueii��er ihe o8iciai receipts therefor to the biortgagee. In defauit
<br />�; thereot the Mortgagee may pay the same.
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