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<br /> To Hav� wxn To' HoLn the same unto the Mortga�ee, as herein provided. Mortgagor represents to,
<br /> and covenants with, the Mortgagee, that the 1VIortgagor has gooci right to sell and convey said pz'emises ;
<br /> that they are free from encumbrance, except as hereinother�vise recited ; that tlie Mortgagor �vill �{�arrant
<br /> and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relincxuishes
<br /> r all rights of homestead, all inarital' rights, eiLher in la�v or in equity, and all ut)ier contingent interests of
<br /> ( the Mortgag�r in and'to the above-described premises:
<br /> PRoviDEn 'ALWnYs, and these presents are executed and delivered upon the following conditions, to '
<br /> wit :
<br /> Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br /> at the rate of eight and one half ---per centum ( $ • 5 ;✓o ) ann n the np• id Ualanc ntil paid.
<br /> t� The said rinci al and inlei•est sha11 Ue ayable at the nfPice of ��rst �e�eral � av�ngs anc� �oan
<br /> p �• P Associatian of Lincoln
<br /> � in Lincoln , Nebrasica , or at such ot}ier place as tiie ]lolder of the note may designate in
<br /> � writing delivered or mailed to the Mortgagor, in monthly installments of THREE HUNDRED FIFTY SEVEN AND 54 /
<br /> Dollars ($ 35 7 . 54 ) , commencing on t{ie fir•st day of October , 19 77 , and continuing on 100
<br /> ; the first day of each manth thereafter until said note is fully paid, except that, if not sooner paid, the final
<br /> , payment of principal and intet•est shali be due and payable on the first day of September 2007 ; all
<br /> according to the terms of a certain promissoi•y note of even date herewith executed by the said Mortgagor.
<br /> � The Mortgagor further agrees :
<br /> r ` 1 . He �vill pay the indebtedness, as hereinbefo1•e provided. Privilege is reserved to prepay at any
<br /> time, without premium or fee, the entii�e indebtedness or any part thereoS not less than the amount of one
<br /> % installment, 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 /> i ' the next following installment due date or thirty days after such prepayment, whichever is earl;er.
<br /> 2. Together with, nnd in addition to, the monthly payments of principal and interest payable under
<br /> � - the terms of the note secured hereby, Mortgagor 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 auy, next due, plus tlie ��x•emiums that will next become due
<br /> and payable on policies of fii•e and other hazard insurance covering the mortgaged property,
<br /> plus taxes and assessments next due on the mortgaged property ( all as estimated by the Diort-
<br /> gagee, and of w•hich the Mortgagor is iiatified ) less all suins already paid therefor divided by
<br /> the number oi months to elapse before one month prior to the date when such ground rents,
<br /> premiums, taxes and assessmeuts will beeome cielinquent, such sums to be held by Mortgagee
<br /> � in trust to pay said g'round i•enls, preiniums, taxes afld special assessments.
<br /> ` ( b ) The aggregate of the amounts payable pursuant to subpax•agraph ( ¢) and those payable on the
<br /> � note secured hereby, shall be paid in a single payment each month , to be applied to the follo�v-
<br /> ; ing items in the order stated :
<br /> ' ( t ) ground rents, taxes, assessments , fire and other hazard insurance px•emiums ;
<br /> � ( II ) interest on the note secured liereby ; and
<br /> ; ( Ili ) amortization of the principal of said note.
<br /> Any deficiency in the amou�it of any such aggregate moiithly payxnent shall, unless made good
<br /> by the 1�Iortg•agor pi•ior to the due datc of the next such payment, constitute an event of default
<br /> under this mortgage_ At MorCgagee's option, Mortgagor will pay a "late charge" not exceed-
<br /> ; ing four per centum ( 4 �'o ) of any instalimeut when paid more than fifteen ( 15 ) days after the
<br /> due date tiiereof to cover the exti-a expense involved in handling delinquent payments, but such
<br /> � "late chax•ge" shall not be plyable out of the pi•oceeds of any sale inade to satisfy the iudebted-
<br /> ; ness secured hereby, unless such �i•oceecls are sufficient to discharge the entire indebtedness and
<br /> all proper costs and expenses seeui•ed thereby. „
<br /> � 8. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br /> � exceed the amount oP payments actually made by the Mortgagee, as trustee, for ground rents, taxes and
<br /> a
<br /> ; assessments or insurance premiuxns, as the case may be, such excess shall be credited by the Mortgagee
<br /> on sµbsequent payments to be ma.de by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br /> shall be refunded to Mortgagor. If, however, such, monthly payments shalt not be sufficient to pay such
<br /> ' items when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br /> trustee, any amount necessary to make up the deficiency within thirty ( 30) days after written notice from
<br /> the Mortgagee stating the amount of the deficiency�, whieh notice may be given by mail. If at any time
<br /> the Mortgagor ahall tender to the Mortgagee, in accordance �ti�ith the provisions of the note secured
<br /> hereby, full payment of the entire indebtedness represented thereby, tlte Mortgagee, as trustee, shalt,
<br /> in computing the amount of such indebtedness, credit to the account of the Mortgagor any eredit balance
<br /> accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under any
<br /> of the provision.c of this mortgage resulting in a public sale of the preinises coverc.'d hereby, or if the
<br /> Mortgagee acquires the property otherwise after default, the 141oa•tgagee, as trustee, shall apply, at the
<br /> t time of the eommencement of such proceedings, or at the time the property is otherwise acquired, the
<br /> amount then remaining to credit the Moi�tgagor under (a) of paragraph 2 preceding, as a credit on the .
<br /> interest accrued and unpaid an@ the balance to the principai then rema.ining unpaid on said note_ ^ �
<br /> ,
<br /> * ''9.
<br /> ; 4. The lien of this instrument shall remain in full force and effect during any postponement or exten- " `= " � ' � n
<br /> sion of the tune of pay-ment of the indebtedness or any part thereof secured hereby, x� " �* .
<br /> L5. He will pay'ali ground i�ents, taxes; assessments, ti��ater rates, and other governmental or munici- � »+
<br /> ' pal charges, fines, or impositions, levied upori said premises and that he wili pay all taxes levied upon this �"'
<br />� ; ' mqrtgage, or the �iebt secure8 thereby, tagether �c�ith any other taxes or assessments �vhich may be levied
<br /> und�r the laws of 3Vet?raska ngainst the Mortgagee. or the ]egai holder of said principal note, on account of
<br /> this indebtedness, except �vhen payment for all such items has theretofore been made under (a ) oP para- �
<br /> graph 2 hereof, and he ���ill promiptly deIiver the official receipts therefor to the Mortgagee. In default
<br /> thereof the Moxtgagee may pay the same.
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