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<br /> To HavE artn To ��or.n the same unto the Mortga�ee, as herein p�•ovided. 3�ortgagor regresenEs to,
<br /> and covenax�ts lvith, the Mortgagee, tliat the 14Iortgagor has �oocl x•ight to scll and convey said pz•eYnises ;
<br /> tliat they a�,re free fa•am �:ncumbrance; except as tif�reinot3Ler�visw recited ; that the Mort�agor will warrant
<br /> und defenc3 the same a�ai�ist thela��:fnl claimsol a31 persons whomsoever. Nlortgagor herekay relinquishes
<br /> ; ,r a11 right� af' homestead. all nias•ital rights, cither in la«° or in c�c� uitv. ai�d al2 utlier contingent interests of
<br />� T G�;e iv`iui�ty;aZ;ur iYl an�i to i.Fie xUUve-deacriLc:ii 'pretili3is. ' ' ` �
<br /> E � PROYTnEDALdVnxs, and tllese p2esents are executed and de3ivered upon the £olIo�ving conditions, to , �
<br /> wit : '
<br /> 14iortgagor agrees to payto the i�4ortga�ee, or oxder, the' aforesaid 2�rincipal sum with interest from date
<br /> at the rzte 'of eight and one half per centum ( g , 5 ;-'o ) �er annum on the unpaid balauce untit paid,
<br /> ' ` The said principal and interest sliaII be F�ayable at the ofiice of �sociation�ofs�inc��lnand Loan
<br /> in �rand Islan�i, Nebraska , �r at sucli otlier place as the Ezolder of the note may designkite in
<br /> writing deTivei•ed oi• mailed to the 1Niortgagor, in monthly installments ofTWp HUNDRED SEVENTY EIGHT AND
<br /> Doliars ($ 278 , 92 ) , eommencing on tlze #irst day of ' �ugus t , ls 77 , and continuing c,n y 2 / 100
<br /> ' the first day of ec�eh month tltereafter until s.iid note is fuily paid, except that, if nut �ooner �aid, the final
<br /> payxne�t of. -prineipal �ncl interestsl:all be due �nd pzyable on the tir•st day of .7uly 2007 ; a,l
<br /> according to the terms of a cef•tain pt•omissory note of even date herelvith E;xecuted by the said ltZortgagc�r.
<br /> ' �'Fie Mortgagor further a�r ees :
<br /> � y TT.. � " t� -.4 .- • 3 ta A _ n . . � A. . r� , • � �
<br /> ,i. axc vriii N<ay� ua�c iilCaeu �culi2�S, fla I�r.ciCiilLci �ii:'ii fiiG�� li�eii. t tiVlieKC 15 CP.S@1'VP,C� GU prepay SL 'd11�''
<br /> time, �vithout premium oi• fee, thi� ecii;ix•e indebtedtiess or any part thereof not less ti�an the amaunt of orie
<br /> installment , or one hundred dolL3rs ($ 100_00 } , whichever is less. Prepayment in full shall be credited on
<br /> the date received. Partial prepayment, other than on an instalIment due date, need not 6e credited until
<br /> the next following installment due date or thirty days after such prepayment , whichever is earlier.
<br /> ; '
<br /> 2. Tagether with, and in addition to, the monthly payments of px•incipal and interest paylble under
<br /> the terms of the note secured herehy, Mortgagor �i�ill pa,y to Martgagee, as trustee, (uncler the tesms of this
<br /> trust as hereinafter sta.ted) on the first c�ay of each montli untif said note is fully paid :
<br /> (a) A sum equal i;o ttle ground i•crits, it aiiy, nest <lue, ��tus the �t•rmiums that will next become due
<br /> " and pay�able on po]icies of [ire and other hazai•d insurailce cocering the mortgaged propei�ty,
<br /> ,, plus taxes azid assessments next due on the mortba�ec� progerty (ali as estimated by the biort-
<br /> gagee, aiid oi' which ttie 14Ioi•tgagai• is uotified ) less all surns alreaciy x�aic� therefor divided by
<br /> the numk�er c�f months to elapse before �ne month prior to the date ��c•hen such ground rents,
<br /> premiums, taxes anu as;es ,�n�r.ts ��� ili F,ecome delinquent, such. sums ta be heid by Mortg�gee
<br /> in trusi tu pay saict groutx�3 rents, premiun�s, taxes and speciai assessmenTs.
<br /> l ( b ) The aggregate af the arnotints payable t.�ursuant to sub�aragraph (a ) and those payable on the
<br /> % note secured hcre}�y, sha3t be paiid in a sing]e paymeiit each niontli, to be appiied to the follow-
<br /> � ing items in the order stated :
<br /> (t ) gi•o�tnd rents, t<cxes, assessments, fia:•r and other hazard insurance premiums ;
<br /> (ii) intec•est on tiie note secux•ed hereby ; anci
<br /> ( III ) anwrtization of ttie principal of saicl note.
<br /> Any deficicncy iu the amount of <lny such a�gregate rnontYily payment shatl, unless made �ood
<br /> by the �T�rtgagor prioi• to the due c3rite of t:fze riext such puyment, constitute an event of default
<br /> under this mai•tgage. At Niortg*agee's optio�a, i�lortgagor �aill pay a "tate charge" not exceed-
<br /> ing fo:ie• �aer cei�tum (�4 ;'F: ) of any i.iistai! ineut ��•hen paid more tPizn fifteen ( 15 ) days after the
<br /> ' ? due ¢late thei•eof to cover tl�e cxlra c�pense invaIved in handling delinquent payments, but such
<br /> � - "late charge" shali nvt be payable <>ut of tlte proceeds of any sale mzde to satisfy the indebted-
<br /> ` neas secured tiex•eby, uxiless sucli pz-ocee�is ar•e sutTicient to c�ischarge the entire indebtedness and
<br /> ' all proper costs axzd expenses seciai�ed thereby.
<br /> ; 3, If the totat of the payments made by the 1�lortgagor under ( a) of paragraph2 preceding shall
<br /> exceed the amount of payments actually made by the ?4Sortgagee, as ti•ustee, fc>r gz•ound rents, taxes and
<br /> assessments or insurance premiums, as the case may be, such excess shall be credited by the lLiortgagee
<br /> on su.bsequent payments to be made by the ?4lortgagor for such ite�ms or; at b4ortgagee's option, as trustee,
<br /> shaii �,e refunded to liox-tgagor. If, ho«•ever, such monthly payrnents shall not be sufficient to pay such
<br /> itQms when the same shall become due , and p:iyaule, tiien the �lortgagar shall pay to the Mortg:�gee, as
<br /> ; tt•ustee, any amount necessary ta make up the deficiency �c�ithin thirty ( 30 ) days after �a•ritten notice fi•om
<br /> � " the Mortgagee stating the amount of the deficienc,y, which notice may be given 6y maii. If at any time
<br /> the : Mortgagor shall tender to the Mortgagee, in accordanee �yith the pravisions Qf the note securcrd
<br /> hereby, full payment of the entire indebtedness rePx•esented thereby, tlie bfot•tga�ee, as trustee, shall,
<br /> ` ' in computing the amount of such indebtedness, credit to the account oF the l�fortgagor any credit balance
<br /> ; accumutated under the provisions of ( a) of paragraph 2 hereaf. If there shall be a dc>fauit under any
<br />� , � of the provisions of this mor�gage resulting in a public sale of the premises co��ere3 hex•eby, or if Jie
<br /> " 142ortgagee acqaires the nr�perty o�herwiee after defle� lt, the ��o.•taag�e, �s ± ,�t,sre��, �h � 11. ;.�ra ly, � t tl, c
<br /> � time of the commeacement o£ sueh proceedings; or at the tixne the property is nther�vise acquired, the
<br /> amount then sema.ining to credit the Mortgagor under (u } af paragzaph 2 preceding, as a credit on the
<br /> interest accrned and. unpaid and i�he balance to the principal then remaining unpaid on said note. -;��.� „ ;;
<br /> t �,.
<br /> 4. The lien of this iastrument shall remain'in full force and effect during any pos 'tponement or esten- �r�;�'
<br /> sion UL the time of pay-ment of the indek�tedness or any p�.rt iiiere�f secured hereby. � - ,
<br /> � 5. Fie uill pay alI g�ound reuts, taxas, assessments, tivater rates, anc3 aLher governmental or mvnici- �'y V;:`
<br /> pal charges,; fines; or impositions, leuied upon said pz-emises and that he �vill pay all taxes Ievied upon this f" � °u
<br /> ; , mortgage, ox the c�ebt secured therekay, together si�itt� any other taxes or assessments i;-hich m�y be levied
<br /> �. . . . . � 127l�F)' t'�'IG #p1.RTC� f �TPI^1T ,¢. �i } � .�. n s- i.r .v�-a1 1� , lar+v F c�airi i^' n� nnl n��.i-n nn �ann.��.nJ nf . . .
<br />�` o _ a�ka :��, nst he '.4� .. rt� avee �_ t.. le� � t o . . � � _
<br />�+e" . . . . f.�i179 1Yii'}P}lff�*f;l'lPCC PYf�P���,' ��'}!nn Fn� mnT:t ?'h�- :11� S:lCl': �3�C^:.i .i'.:_.. t�':�Y :.tOfnT`n {'tnnr i?? �r3e irii �an> � n 1 nt Y�,{ _ ,a_. . .
<br /> �x•aph 2 hereof, and he will promptly deliver the official receipts therefor tv the DZort�ragee. In defaulL �
<br /> � thererif the 1C�Enrtgagee ma3 pay the saine.
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