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<br /> pp TO HAVE n1�tD To HOI.D the same unto the Mortgagee, as herein provided. Mortgagor represents W,
<br /> � aad eovensab with. the Mort�a�ee, that the Mortgagor has good right to sell and convey said premi$es ;
<br /> Ct! that they are lree from encumbrance, exeept as hereinotherwise recited ; that the Mortgagor will warrant
<br /> CD and defead the same et�sinst the lawful claims of ail persons whomscever. Mortgasor hereby relinquishes
<br /> � � all ri�hb ot home�tead, all rnsrital ri�hts, either in law or in equity, and sll other coatin�ent intereste of
<br /> � the Mort�a�or in and to the above-described premises•
<br /> psovi�6p AtwwYs, and these presents a:'e executed and delivered upon the followin� conditions, to
<br /> � wit :
<br /> Mortsa�or a�rees to pay to the blort�agee, or order, the aforesaid principal sum with interest from date
<br /> st the rate of eight and one half-- per centum ( 8 , 5% ) �r ann on tl�e nnp�id balance until paid.
<br /> The said principal and intereet ahall be PsYable at the oAice of ret �edera Sav nga and Loan
<br /> Aaso ia tiqn of Linc�ln �ate ia
<br /> � Lincoln � Neb raeka , or at such other place as t�e holder of the no may deai
<br /> writin� delivered or msiled to the Mortgagor, in monthly installments olTHREE AUNDRED FIFTEEN AND 25 / 100---
<br /> Dollara (= 315 . 25 ) , commencing on the first day of December , 1977 , and continuinq on
<br /> the Arst day of each month thereafter until said note is fully paid, except that, if not sooner paid, the Snal
<br /> �aryment ot principsl and interest ahall be due and payable on the firet day ot November 2007 ; a❑
<br /> acc�ordies� to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br /> Th,e Hort�a�or further a�rees :
<br /> l. He wi11 pay the indebtedness, as hereinbefore provided. Privilege is reeerved to prepay at any
<br /> time, without premium or fee, the entire indebtednesa or any part thereof not leaa than the amount of one
<br /> in�tallment, or one hund:ed dollare (�100.00) , whichever is lees. Prepayment in full ahall be credited on
<br /> tye dste e�eceived. Partial pcepayment, oth� than on an inatallment due date, need not be credited until
<br /> Lhe ne�ct followin� installment due date or thirty days afGar such prepayment, whichever is esrlier.
<br /> & To�ether with, and in addition to, the monthly psymenta of principal and interest payable under
<br /> tke terms o! the note secured hereby, Mortgagor will pay to Mort�agee, se truatee, ( under the terms oi thia
<br /> tru�t as hereioafter atsted) on the flnt day of each moath until said note is fully paid :
<br /> (a� A awn equal to the ground renta, if any, next due, plua the premiuma that will next become due
<br /> and payable on policies of fire and other hazard insurance coverin� the mortQa�ed property,
<br /> plus taxes and assessmenta next due on the mortgaged property ( all as eatimated by the Mort-
<br /> ��e, and of which the Mort�s�or is notified ) less all sums already paid thereYor divided bq
<br /> tlfe number of months to elapse before one month prior to the date when such �round rents,
<br /> premiume, taxes and asaeasmenta will become delinquent, auch suma to be held by Mort�a�ee
<br /> in trust to pay aaid �round rents, premiums, taxes and specisl seseasenente.
<br /> (b ) The a�re�ate of the amounts payable pursuant to subparagraph (a) and those payable on the
<br /> note secured hereby, ahsll be paid in a single payment each month, to be applied to the Poilow-
<br /> ias itetns in the order atated :
<br /> (I ) �round rents, taxea, aesesamenta, fire and other hazard inaurance premiums ;
<br /> ( ic ) intereat on the note eecured hereby ; and
<br /> (tIi ) amortizstion of the principal of said note.
<br /> Any deFiciency in the amount of any auch ag�'regste monthly payment shaU, unleW made aood
<br /> by the Mort�a�or prior to the due date of the next auch payment, conetitute an event of default
<br /> under this mortga�e. At ddortga�ee's option, MortYa�or will pay a "lste charse" aot ezteed-
<br /> in= four per centum (4 % ) of any inatall ment when paid more than ftiteen ( lb) days after the
<br /> due i�te thereof to cover the extra expenae involved in handlinQ delinquent payments. but such
<br /> "lste charQe" shall not be payable out of the proceeda of sny sale made to satisfy the indebted-
<br /> ae� sccured hereby, unleas such proceeds are sufticient to dischar�e the eatire indebtednew aad
<br /> a11 proper costs and expenees secured thereby.
<br /> 5. If the botil of tke paymeab aiade by the Mort,�a�or under ( a) oP para�raph 2 precedin� shall
<br /> s�oeesd t�s amouat of payareats utually msde by tke Mortaag�ee, aa truatee, for �round rents, taxee and
<br /> a�ew�enb or insurance pretniums, as d�e ease snsy be, auch exeees ahall be credited by the MortsaQee
<br /> aa wb�Qtieat ya,ymenb to be made by the Mortsa�or far sueh iteens or, at l[ort�aQee'a option, as trustee,
<br /> �l be retaaded to Morfp�r. If, however, such monthly paymeata shall not be auflicient to psy euch
<br /> il+�wn w1�en the �ame �hall become due and ps�yable, then the Morty�or shall pay to the Mortgagce, as
<br /> truatee, auy amouat neaes�ary to make up the deficiency within thirty ( 30) daya aPter written notice trom
<br /> tlre ]Lqrtp{�ss ststint tlu amount o! ttie dellcieney, which notice may be Qiven by maii. If at any time
<br /> qys YoeE�Or �ai! beades to the Mort�a�ee, in accordance with the provisiona of the note seeured
<br /> 6ee�ebl. lbtl payasent of the entire iadebtedness npreseated thereby. the Mort�a�ee� ss trustee� shall,
<br /> ia eem�ut� tJas amouat ot such indebtedneas, credit to the account of the Mort�a�or any credit bwlance
<br /> aocumuLted uader the proviaioas oi (a) of para�raph 2 hereof. If there ehstl be a default under any
<br /> a[ !ie pr�ovlaioAs p( thi� m,ort,�a,`e rewltiar in a pnblic eale o! the premisea covered hereby, or if the
<br /> ][oe� �e�tires yte Dsopesty otlferwsee after default, tisc MortQs►�ee. aa truatee. shall aPP1Y. at the
<br /> ; }� a[ tiy �ent a{ w�h prooeeclings. or st the time the �►roperty is otherwine acquired. the �
<br /> a�rsrat HYea r�dd� ts credit t1�e ![ortsa�or nader (a) ot para�raPt� 2 Drecedin�, aa s credit oa the
<br /> , tabsn�t accevsd amd uapaid aad the baLnce to the princfpst then remsiain� unpsid oa asid note. ,, ", "'�;
<br /> �, '!'� li�w el tihis ;nstr�unsat rhsii rep�sin is fuU foroe sad eiiect durinQ any poatponement or ezten-
<br /> �' �iaa d Wr tJr d p�sseat of the iedebtednen or aaq p�rt th�ereo! �ecured hereby.
<br /> • a, g� w� ps�, a� �s�und reata, tues, asa�st�tb, water rstee, and other �overnmeatal or munici- �
<br /> t p= h�a� 2tvied upoa �tfd �eemiees aa►d that he will pay a►11 taxea levied upoe this
<br /> D�t �ri'w. aae�. imA� � . :,
<br /> �r�r�,�yr. er tmp d¢bt aecured therebp, �er e�-ith aay other taxes or aeeeeemente whirh may be levied .
<br /> ��• � 1a� at N�be�aloa aptl�t the �(oe�e. or tlte lesal holder of eaid principal aote, on accatnt ot "��"
<br /> �is �,,, �ae�pt w�k�a p�,ymeust for sil s� fl�e�s has theretofore been made under (a) of para-
<br /> �t'a�h 2 herept. and he vrig prpsiiptly deliver tise eAlcial reKiT+te th'r�rter tn the Mortgsgee. In delsult
<br /> tJ�u'eoi 'tlre ltoe�ee msY p►7 t�e ws�e.
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