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<br /> To Hnv�' nxD To HoLn the same unto the Mortgagee, ss lierein pi•ovided. Mortgagor represeiits to,
<br /> and covenants with, the Mortga�ee, that the 112ortgagor has good riblit to sell and convey said prernises ;
<br /> that they are free from encumbrance, except as hereinotherwise recited ; that the Mortgagor will �varrant
<br /> and defend the same abainst the la�cful claims of all persons �vhomsoever. Mor•tgagor hereby relinquishes
<br /> � all riglits of homestead, all maritai rights, eithet• in 1a�4 or in equity, and all other contingent interests of
<br /> jthe Mortgagor in and to the above-described px•emises.
<br /> 4 ' 1'KovinEn ALw/+Ys, and these presents are executed and clelivex•ed ' upon the following conditions; to
<br /> I wit :
<br /> W Mortgagor agrees to pay to the 114ortgagee, or order, the aforesaid principal sum with interest from clate
<br /> i a� the rate of ' eight and one half----�aer centum ( 8 . 5 `% ) er annum n the unpaid balance until paid.
<br /> � Tl�e said rinci al and interest shali be a al�le at the o(�ice of 1rst Fe eral S in and Loan
<br /> P A P Y �sociat�on of ��nc��n
<br /> � in Lincoln , Nebraska , or at such otliex• place as the holder of the note may designate in
<br /> � y �. TWO HUNDRED THIRTEEN AND 39 / 100
<br /> t writiug delivered or mailed to the 1TortgaQor, in monthly inst111ments of `
<br /> ; Dollars ($ 213 . 39 ) , comrnencing on the first day of October , 1977 , and continuing on
<br /> ? the first day of each inonth thereafter until said note is fully paid, exeept that, if not sooner paid, the final
<br /> �sayment of principal and interest sliall he due and payable on the first day of September 2002 ; all
<br /> , � accarding to the terms of a cei•tain pr•omissoi•y iiote of even date here�vitn executec2 by t�xe said 1VIoi•tg�ago7�.
<br /> ; The Mortgagor further a�rees :
<br /> 1. He wip �ay the indebtedness, as hereinbefore providecl. Privilege is reserved to pi•epay at any
<br /> time, �t�ithout premiuln or fee, the entire indebtedtiess ox• niiy part thereof not less than the amount af one
<br /> installment, or one hundred dollars ($100 .00) , whichever is less . Prepayment in full shall be credited on
<br /> ' : the date received. Paztial 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 principa] 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 sta.ted ) on the first day of each month until s�id note is fu31y paid :
<br /> �, (uj A sum equal to the ground rents, if any, next due, plus the premiums that will next become due
<br /> and payable on policies of fire and ot}ier hazard insurance covering the mortgaged property,
<br /> plus taxes axid assessments uext due on the mortgaged pruperty ( all as estimated by the Mort-
<br /> " � �agee, anrl oi' ���hich the Mortgagc�r is notified ) less all surns already paid therefor dividefl by
<br /> '° the number of montlis to ela �se before one �nonth >rior to tlie date �vhen such
<br /> } � growid rents,
<br /> i premiums, taxes and assessmentis >� ill become delinquent, such sums to be held by Mox•tgagee
<br /> in trust to pay said ground rents, prerniums, taxes and special assessments.
<br /> ? ( b ) The aggregate of the amnunts payable pursuant to sub��aragraph ( ¢ ) and those payabie on the
<br /> � note secured liei•eb.r', shall be paid in a single pa���nent each month, to be applied to the foilok�-
<br /> ; � ing items in the order stated :
<br /> ( i ) ground rents, taxes, assessments, iire and other hazard insurance premiums ;
<br /> ( tr) interest on the note secured hereby ; and
<br /> � ( tci ) amortization of the principal of said note.
<br /> Any deficiency in the amount of 1ny such aggregate rnonthly payment shall, unless made good
<br /> by the Niortbagor prior to the due clate of the next such payment, constitute an event of default
<br /> � under this mortgage. At 11'Iortgagce's option, Mortgagor will �ay a "late charge" not exceed-
<br /> ing four per centum ( 4gfi ) of a�iy installment whenpaidmorethan fifteen ( 15 ) daysafterthe
<br /> due datc thsreof to co��er the exti•a expense involved in handling clelinquent pay�ments, but such
<br /> "late char•ge" sliall not be payable out of the proceeds of any sale made to satisfy the indebted-
<br /> i ness secured hereby, unless such proceeds are sufficient to discharge tite entire indebtedness and
<br /> j ail proper costs and expenses secured thereuy.
<br /> "• 3. If the totai of the payments made by the Mort�agor under (a) of paragraph 2 preceding shall
<br /> ? exceed the amount of payments actualiy made by the Mortgagee, as ti�ustee, for ground rents, taxes and
<br /> assessments or insurance premiums, as the case may be, such excess shall be eredited by the Mortgagee
<br /> on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br /> ; shall be refunded to Mort,gagor. If, however, such monthly payments shall not be sufficient to pay such
<br /> _� items when the same shall become due and payable, then the Mortga.gor shall p�y to the Mortgagee, as
<br /> � tivstee, any amount neeessary to mske up the deficiency w�ithin thirty ( 30) days after written notice from
<br /> the Mortgagee stating the amount of the deficiency, which notice ma:y be given by mail. If at any time
<br /> : the Mortgagor shall tender to the Mortgagee, in accordance r��ith the provisions of the note secured
<br /> � ' hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall,
<br /> ' in computing the amount of such indebtedness, credit to the account of the Mortgagor an3• credit balance
<br /> '. " accumulated under the provisions of (a ) of paragraph � hereof. If there shall be a default under any
<br /> of the proviaions oi this morigage resuliing in a put�lic sale oi t,tie preinises cocered hereby, or ii the
<br /> Mortgagee aequires the property otherwise after defxuit, the Mortgagee, as trustee, shall apply, at the
<br /> ; time of the commencement of sueh proceedings, or at the time the property is othenvise acquired, the
<br /> � amount then remaining to credit the Mortgagor under ( a) of paragraph 2 preceding, as a credit on the �
<br /> ' s interest accrued and unpaid and the balance to the principal then remaining unpaid on said note. �
<br /> � _ . ,� ,,
<br /> _ 4. The lien of this instrument shall remain in full force and effect during any postponement or exten- �- • ��;�-
<br /> sion of the tinae of payment of the indebtedness or any part thereof secured hereby. %: � • �„".
<br /> � . . . � . . . . � '. -, Y ] .
<br /> ' 5., He w��l .pay all g'�;ound rents, taxes, assessments, watex• rates, and other governmental or munici- ' _ '?
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<br /> ' pa2 charges, fines, or impositions, 1e�>ied 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 ivhich may be levied
<br /> � , under the iaws of Nebraska against the Iviortgagee, or ihe legal holder of said principal note, on account of
<br /> ' this indebtedness, except when payment for all such items has theretofore been made under (a) of para- �
<br /> graph 2 hereof, and he will promptly deliver the official receipts therefor to the Mortgagee. In default
<br /> thereof the Mortgagee mxy pay f.he sa:ne.
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