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<br /> To HnvE Arrn TO Hot.n the same unto the Mortgagee, as herein provided . Mortgagor represents tv,
<br /> and covenants with, the Mortgagee, that the Mortgagor has gooil t:iglit to sell and convey said premises ;
<br /> that they af•e free Yrom encumbrance, except as hereinotherwise recited ; that the Mortgagor tivili �varrant
<br /> and defend the same against the la�vfiil claims of all persons «�liomsoever. Mortgagor hereby relinquislies
<br /> all rights of homestead, all marital rights ,' eitheY• in la�u or in equity, amd all other contingent interests of
<br /> � the Mortgagor in and to the above-desex•ibed premises. ` , ' '
<br /> CG PROVIDED ALWAYS, 3rid t11e5e pi'esents aPC exeCutOtl aYld delivei'2d UpOn the following conclitions, to
<br /> r� wit s
<br /> � Mortgagur agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br /> � at the rate ofeight and one half- --per centum ( 8 . 5 % ) x antn n tl e il npaid ballnce imtit paid.
<br /> � Thesaid principal and interesfshall be payaUle at tlie of�"ice of ��r�in��nra�. 5avings and Loan Association '
<br /> G
<br /> in Liacoln , Neb raska , or at such other place as the holder of the note may designnte in
<br /> � writir.g delivered or mailed to the Mortgagor, in monthly installments of THREE HUNDRED TEN AND 27 / 100
<br /> � Dollars ( $ 310 . 2 � � � �ommencing on the first day of October 19 77 , and continuing on
<br /> the first day of each month thei•eafter until szid note is fully paid, except that, if not sooner paid, the final
<br /> payment of principal and interest shal] be due and payable on the first day of September 2007 ; al ]
<br /> aceording to the terms of a certain promissoe�y isote of even date here�vith executed by the said Mortgagor.
<br /> The Mortgagor further agrees :
<br /> 1 . He will pay tlie indebtedness, as hex•einbeforc provided . Privilege is reserved to prepay at axiy
<br /> time, �vithout premiuin or fee, the entire indebtedriess or any part thereof not less than the amount of one
<br /> instaliment, 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 date , need not be credited until
<br /> the next following installment due date or thirty days after such prepayment , whichever is earlier. '
<br /> 2. Together with, and in addition to, the monthly payments of principal and interest payable under
<br /> the terms of the note secux•ed hereby, ➢Zortgagor will pay to Mortgagee, as trustee, ( under the terms of this
<br /> trust as hereinafter stated ) on the first day of each month until said note is fully paid :
<br /> (a ) A sum equal to the ground rents, if any, next c3ue, plus the premiums that will next become due
<br /> r and payabte on policies of fire and other hazard insurance covering the mortgaged property,
<br /> plus taxes azid assessments next due o�i the mortgaged property ( all as estimated by the Mort-
<br /> gagee, and of w�hich the Mortgagor is notified ) less all sums already paid therefor divided by
<br /> the numbe2� of months to elapse before ane month prior to the date when such ground rents, _
<br /> premiums, taxes and assessments will become delinquent, such sums to be held b,v Mortgagee
<br /> in trust to pay said ground rents, premiums , taxes acid special assessments.
<br /> ( b ) The ab>gregate of the amounts payable pursuant to subpar•agraph (a ) and those payable on the
<br /> i note securcd hereby, shall be paid in a sinble payment each month, to be applied to the fullow-
<br /> � ing items in the order stated :
<br /> y
<br /> ( I ) ground rents, taxes, assessments, fire and other hazai•d iusurance premiums ;
<br /> ( it j interest on the note secured hereby ; and
<br /> ( ict ) aniortization of the principai of said note.
<br /> 3 Any deficiency in the amount of nny such aggregate mouthly payment shall, unless made good
<br /> f by tl�e Mortg�agor prior to the due date of the next sueh payment, constitute an event of default
<br /> � under this mortgage. At Mortbagee's option, bIortgagor will pay a "late charge" not exceed-
<br /> ' ing £our per centum ( 4 ;'o ) of any install ment �t�hen paid more than fifteen ( 15 ) days after the
<br /> due date thereof to cover the extra expc;nse involved in handiing delinquent payments, but such
<br /> "late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebted-
<br /> ness secured hereuy, unless such proceeds are sufhcient to discharg•e the entire indebtedness and
<br /> � all proper costs and expenses secured thereby.
<br /> ' � 3. If the tota.l of the payments made by the Mortgagor under ( a) of paragraph 2 preceding shall *
<br /> i exceed the amount o'f payments actually made by the Mortgagee, as trustee, for ground rents , taxes and
<br /> assessments or insurance premiums, as the case may be, such excess shall be ex�edited by the Mortgagee
<br /> on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option , as trustee,
<br /> ahall be refunded to Mortgagor. If, h�wever, such monthly payments shall not Ue sufficient to pay such
<br /> items when the same shaA become due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br /> trustee, any amount necessary to make up the deficiency �vithin thix•ty ( 30 ) days after written notice from
<br /> ; the Mortgagee sta.ting the amount of the deficiency, which notice may be given by maiL If at any time
<br /> a the Mortgagor shall tender to the Mortga.gee, in accordance �vith the provisions of the note secured
<br /> hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustce, shali,
<br /> in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br /> aceumulated under the provisions of ( a) of paragraph 2 hereof. If there shall be a default under any
<br /> of the provisions oi this mortgage resulting in a pubIic sale oY' ihe premises covered herei�y, or ii tlie
<br /> Mortgagee acquirea the property otherwise after default, the 14iortgagee, as trustee, shnil apply, at the
<br /> time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br /> I amount then remaining to credit the Mortgagor under ( a) of paragraph2 preceding, as a credit on the
<br /> interest accrued and unpaid and the balance to the principai then remaining unpaid on said note. �, �
<br /> ; 4. �'he lien of this instrument shall remain in full force and effect during any postponement or exten- ' �., ` �, n
<br /> � sion of the tirne of payment of the indebtedness or any part thereof secured hereby. a; ' � `"
<br /> " � 6. He will pay all ground rents, taxes, assessments, water rates, and other governmental or munici- � `
<br /> pal charges, fines, ar 'impositions, levied upon said premises and that he will pay all taxes levied upon this ° �`^,
<br />� mortgage, or the debt secured thereby, together with any other taxes or assessments which may be levied
<br /> under the laws of I3ebraska against the Mortgagee, or the legal holder of said principa! noce, on account of
<br /> this iTidehtedness, except when payment for all such items has theretofore been made under ( a ) of para- �
<br /> graph 2 hereof, and he �;�ill promptly deliver the ofhcial receipts therefor to the Mortgagee. In default
<br /> thereof the Mortgagee may pay the same.
<br /> M..`
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