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<br /> � TO HavE n_vn T0 EiDi.0 the same anto the D�Sortgagee, as her•ein proL ided. �+'tortgagor represents trs,
<br /> �j and cocenants witfi, #he Martga�ee, th.at the 9�fort�agor has gc�od right t:.� seIi and canvey said premises ;
<br /> �., that thcy-are free fram encumbraiice, �xcept as hereiaSo�her�s�ise reeited ; that tlie Martgagor tis�ill si�arran.t
<br /> �1j and defend -thesame a�instthe la�vful claims of aU �rsans awhnm;;oever. Mrsrtga�or herebs* relinq�ishes
<br /> �i� al! rights af har�aestead, a3i rnariaC�,l ri�hts, eithcr in i��v or in equity, and atI other cnntingexat inte.rests af
<br /> , � � the Mortgagor i.a� And ta t.iie &brr�a+e-d�seribed premis�s..
<br /> ; � PatUvinEa .A�zw.aYs, ax�d the,se y�resents are executed and delirered ug�on the follovwing eonditiazis, to ; , . .
<br /> ; (�.,, mrit t
<br /> ' Mortgagor �grees to pay to tYze RSortga�ee, ar ordea�, the aforeaai�3 princijaat sum witlt interest fra�z dats
<br /> " , at the rate af �3Bht ��ee eentum ( $ . �c? �er an zn�qn 't�e �an�aid balan�re�antii p�c3 .
<br /> The said rinci aland intei�est shail be a abie at the cr#1'ice of irst �e era a ngs arf. oan sociation
<br /> + J p � � 3' of Lincolrz
<br /> �n �rand Zs land, Neb raska:- , nP' �� -;ixch ot}ter piTacx as tlae ha3dea• of tiie note ma�r designate ira
<br /> ' - �a Fvxiftiatg deIivere�d or muiied to t}ie� a4iqrtg��ot•, in mont�ii5= installments of��'a HUNI>RED SEVENTY OidE AL3D 50 / 100 '. ,, `.
<br /> � gall�rs ( $ 271 . 50 ) . camr,lencing an t}ie Yirst �lay of �'�Y > 19 77 , and continuing on
<br /> ` � the frrst 8ay of eaeh manth therea�ter unti! said note is fvliy gaici, ex�e�t ihat, if aat soosier gaid, the ' fina.3
<br /> ' „ ��ayment of pi•incipZi Eut3 interest � 3�all be due an�3 payaiole an the first day rsf June 2007 ' . ��1 �
<br /> aceording t4 the terrns of a certain prumissory riote af eveu date }r�rewith executed by the said Mortgagor_
<br /> The Mortgagar furttier agrees :
<br /> 2. I3e will pay the i�zcle6tec3ness, as hereinbeforc �z•ovided. T'rivilegQ is t•eserve�i to prepay at anc=
<br /> time; �vithout pr�mium flr fee, ihe eutiri> iiidebtedness or any part thereo� not iess ihln the'amouat of one
<br /> ' installment, or one hundred dolla�s ($100.Q0) , whichsver is Iess. Prepayment in full shall be'csec3ited on
<br /> the date received. Partia3 grepayuaent, othez th�n on �n instaliment due date,: ne� not be credited unti�
<br /> the ne� following instalimentdue date or thirty days after such prepayment, whichever is earlier.
<br /> ' ' 2, fiogether witli, and inaddi�ion to, the ino�iiiiiy pdyrrienu� oi� princ�pai and anterest ,payabte undes
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<br /> ths te�ts �f the �ote secured hereby, 3uIortgagor �vill pay to Maa-tgagee, as trustee, ( under the terms c� tl�i�
<br /> � -= trust as hereinafter sfi,ated ) on the frrst daq of each inanth until said note is fuli,y paid :
<br /> � {wj A sum equai �o -if7e gr�unc� rencs, if an�-, nesi ciue, pius ttie premi�ims that wili next become due
<br /> " � and payable an pulicies of fire and athet• h�.zard insurance cos ering the mortgaged pruperty,
<br /> " plus t.axes and asse�sm�nts �7ext due a�i th� martga�ed property ( a113s estimated byr the �Ylort-
<br /> � ' `' gagee; and Uf �rhich the :1lnrtgagor is n+�tific-d ) iess afl sums airead� p��zid �herefar di��ided by
<br /> ' ' the uumbei• of months to elapse before one �ionth prior to the clate �+�hen such �,*round rents, + . `
<br /> f � �i•emaums, ta�es and assessn�ents �ci] 1 bec��i� delinquent, suct� sums to be held bv Mortga;�e�
<br /> ,,,> > in trust to pay: s.azd gt-orand rents, ��remiums� iases an�l sXaecial assessments:
<br /> " '- ': t {h) The ag�-re$ate �£ i3ieamc�€ints pay�able pnrsuant tci :�uhpai�agrap3�s (a) and those pag>able on the
<br /> ..ote �ecured h�rel�y, s3rall lie paid iii a sin�;i� pay�nser�t eacli month, ta be appiied to Lhe fo11oK�-
<br /> � ? ' ing items in.the crx�der stated :
<br /> ^ ` ( t ) gx�ound renEs. �axes, z�ssessmei�ts, fi�-e and other hazard insurance premiuma ;
<br /> { ( it ) i��terest vn the r�ote secured IiereUit ; and . ' r, `
<br /> � (iu ) <�ntiiortization of the principa, o£ sasd note_
<br /> , ,� �n < defrcien+ y in the <unount oi any such a � g � payinent sfiall, unless made good
<br /> J �b�'� atc mt�nthly s
<br /> = by tl�e :llortgagor prioi• to the cdue date of tt�e next such �zaymen�, constitute an everat of de€auFt
<br /> � n under this n2uz-igage. �t �liox•xgagec}'s ppt�on, �Sart�agor wil! �ay .a "late eliarge" not exeeed-
<br /> r b ing four per ceritum ( � "£ ) nf nny iitstalilzient x•hesi paid more than fifteen { 15j days after the
<br /> . " -y due date tJ�pi eof to cnr�r tlae c:xtra ex�ense �nvr?ved in handiing <ielinquentpaymez3ts, but such
<br /> � ' "late ciiarge" shaPl uot lae pay>aLle otit of the r�r�ceeds c,f any sa3e made to satisfy tl�e indebted-
<br /> ness secured }�ereby, nn}ess such ��roceeds aa:e suHiciexzt to discharge the ezitire inr3ebteclness and
<br /> " " ` all pixaper custs and esg�nses secured tl�erei3y.
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<br /> ' ` 3. If the total �f the payments made by the Mor�gagar ui2der (a.) a� �aragraph 2 preceding sh<i31
<br /> , i exce�ecI the amouaii iaf payments acivally made by- the ?«�ortgagee, as trustee, for grvund rents, .+,axes and
<br /> assessments or: insurance premintt�, as the c:ase may k�, such excess shal3 be credited by the 3iorfgag�ee
<br /> , = an, subsequent payments to be made by the Biortgagor for suc3i items or, at 3lortgagee's option, as trustee,
<br /> � : sha,il lae refux�ded ta `14iart,gagor. IiF, however, such mo-�Ghly pay-ments shall not be su€6cient io pay sach .. ..
<br /> '+` " items �vhen 'khe :same shall become due and gai�able, t�e�i fhe �iartgagor shail �ay to the 3LIo1•tgagee,- as
<br /> tzvstee, :�ny amotsa�t necessary M make up the defieienc�+= ��•ithin t3lirty ( ;0} da3rs aft,er written notice fa•om
<br /> the �ortgage+e stating the amottnt �of the deficiency, w�ieh notzce may be �.ven by� maii. 3f at any time
<br /> the Ildcrrtgagox ;s�eal2 Lender #a th� lktortga�ee, in aec�rc�atxce tia•ith the pravisions of t'ie nate s+ecured
<br /> herebg+, fuiI payment of the entire indebtedness reprc:sente<3 thereby, the hfort�a.gee, as trustee, shall,
<br /> in cotnpu�ing the �unount of such irsdebtedness, credit t�o the account of the Mortgagor any credit Ualanee
<br /> accuaranlated undr_r the provisians of (a) uf paragra�lti 2 }iereUf. If there sha?d be a defa:uiz under an,y
<br /> y ' af 'i�e pruvisions of Lhis martgage �esulting in a public sale of the premases cu4-ered hereb�, or if the
<br /> s; ' Mortgagee acquires the groperty o�erw ise after defac€It. Lhe hiort�agee, as irustee, slull appty, at the
<br /> � -° ` time ufsthe colnm+eticemetat of sueh proceedings, or at �he time the propertir is r�ther���ise aeyuired , the
<br /> � , ameac�art than rema.i�ing ta �redit �e Jlrlortgagar under (a} of garagi�aph '3 pree.eding, as a credit on tlie
<br /> ' " ' iuberest; ac:crued aaud :unpaid and Y.h+e baianee to #3ie pria�ipai thea remainirsg unpaid on said note. ,� � , LL,�, �
<br /> 4. 'T11e lien Qf this in�trutnen "t. s�ali remain in fuil ftsre�e and eit'ect d:zri_^.g any g�stpunement or exten- -� - �" r� �� s
<br /> sin� c�� 4;he tixne af payrneaat af the indetrt�ness ar any pa:4 �t;er�f se�_ured k�ereby. `� ' ,�
<br /> �. He��i31 ��.a11 :R'ronnrI rents.� taxes �ss�uents> K'ater rates. an�i v�.3�er ;�"�`�.�p ^
<br /> �:� •P , �csvernmentai or mvnici-
<br /> Pad charges, f�nea, �or �mmposi�3ons. Ie�led u�oza said }�rems�es and thst he u*ilI pay ali taxea levie�i upoas xnis �� -=
<br /> „ ` u��, �r the d�ebt seeurecl there�sJ', ttr�ether �s-ith an� oilzer taxes ar ments ss-hich ma3' he :eriad � ,�`, . .
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<br /> ,,, ? � t�d�r �h+e �a�cs�f Y+�ebrsska agaiast t�ae Mortgagee, nx th� legai hoider of sair� �rincipal note. on account of
<br /> -� f:his ��te�ds�ess� +e�gaY vc}4en PaYrs�eni #or ait auc� itea�s ha� tharetotare �s+een made under t�a. ) of para- „^' y
<br /> � ra � � he,raof, an=d he w-ill
<br /> 8 �+ PrompLl�* deli��r the �uliiciai z�eSpks L3aerefor � the �iortSagt�e. ln defaulY
<br /> thez�l stte Blortg�a,gee saa� I�aY the s.a�ne.
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