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<br /> TO HnvE ANn To FioLn the eame unto the Mm•tgagee, as hercin provided. Mortgagor represcuts to,
<br /> and covenanta with, the Mortgagee, that the btorlgngor has gaod right to sell and convey said premises ;
<br /> that they ure free from eucumbrmice, except as hereinother«�ise recited ; that the Mortgagor will wurrnnt
<br /> and defend the same against the la�stul claims of all persons whomsoever. Mortgngor hereby relinquishes j
<br /> all rights of homestead, all marital rights, eithcr in la�v or in equity, and all other contingent iiitcrests ot
<br /> tlie Mortgagor in and to the above-described premises.
<br /> PROVIDED ALWAYS, and these presents are executed and delivcred upon the follo�ving conditions, to
<br /> Wlt :
<br /> D'Iortgngor agrees tv pay to the Mortgagee, m• m�der, the aforesaid principnl sum with interest from date
<br /> at the rate of eight and one half--- Per centum ( g , 5 �o ) �} nnn �n th� t���a}d balanc� t�titil paid. '
<br /> The snid principal and interest shall be payable at the o0ice of rst �e era v ngs an oan
<br /> Lincoln Nebraska Association of Lincoln
<br /> in . , or at sucl� otl�er place ns the holder of the note may designate in
<br /> writing delivered or mailed to the llortgagor, in montltly instaliments of1�,'0 HUNDRED SEVENTY EIGHT AND 35 / 101
<br /> Dollars ($Z �8 • 35 ) , commencing on the first day of January , 19 78 , and continuing on
<br /> the first day of each month thereafter m�til said note is tully paid, except that, if not sooner paid, the final
<br /> payment of principal and inlerest shall be due and payable on the first day of December 2007 ; a11
<br /> ; ,
<br /> according to the terms of a certain promissory uote of even daLe hereu�ith executed by thc said Diortgagor. _
<br /> The Mortgngor further agrees :
<br /> 1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br /> � time, without premium or fee, the cntire indebtedness or any part thereof not less than the amomit of mic
<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 instaliment due date, need not be credited until
<br /> the next following insGiliment due date or thirty days after such prepayment, whichever is eazlier.
<br /> 2. Together with, and in addition to, the montlily pnyments of principal and interest payable ander
<br /> the terms of the note secured hereby, lliortgagor will pay to 1Viortgagee, 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 due, plus thc premiums that will next become due
<br /> and payable on policies of fire and other hazard insurance covering the mortgaged property,
<br /> plus taxes xnd assessments uext duc on tiie mortgaged propertp ( all as estimated by the liort-
<br /> gagee, and of �chich the Afortgagor is noti (icd ) less all sums alrcady paid therefor divided by
<br /> the numbcr of months to clnpse beforc oue month prior to the date �chen such ground rents,
<br /> premiums, tases and assessments ��• ill become delinquent, such sums to be held by ➢Sortgagee
<br /> � in trust to pay said ground rents, premiums, taxes and special assessments.
<br /> (b) The aggreg�tc of thc nmouuts paynUle pursuant to suUparagraph (a) and those payabie on the �
<br /> note secured hereby, shaU be paid in a single payment ench mouth, to be applied to the follow-
<br /> ing items in tlie order stated :
<br /> ( t ) ground rents, taxes, assessments, fire and other ha•r.ard insurnuce premiums ;
<br /> > (it ) intcrest au the note secured hereb3; aud
<br /> QII ) aunortizatimi of the principnl of said note.
<br /> � Any deficienc�• in the amowit of 8111' SUC�I IIs(;CCj;IItC 1i1011tllly pnyment shall, unless mnde good
<br /> { by the �Im•lgttgor prior to the due dafe of the next such payment, constitute nn event of default
<br /> mider this moctgnge At liortgagce's option, ,llortgngor will pay a '9ate chnrge" not exceed-
<br /> ing four per ccutum ( •1 ^� ) of ant� install ment ���hen paid more than fifteen ( lu ) days after the
<br /> due date thercof to co�•er the exlra expcuse in��ul��ed iu haudling delinquent payments, but such
<br /> '9atc chaige" shall uot be pa}•ablc out of llic procceds of any sale madc to satisfy the indebted-
<br /> ness secured hereby�, unless such proceeds are su0icient to discharge the entire indebtedness And
<br /> all proper costs and expenses secured thcrcUy.
<br /> ` ' 3. If the totul of the paytnents made by the biortgagor ander ( n) of parabn•aph 2 preceding shall
<br /> exceed the amount of payments actually m�de by the 1lfortgngec, as trustce, for ground rents, t�lxcs and
<br /> . assessments or insurance premiums, as the case may Ix, such excess shall be credited by the Nfortgagee
<br /> on subsequent payments to be made by the Mortgngor for such items or, at ➢'Iortgagee's option, as trustee,
<br /> ahall be refunded to 1lfortgagor. If, however, such montlily payments shall not be sufficient to pay such �
<br /> items when the s:tme shull become due nnd payable, then the 1lfortgagor shall pay to the Mortgagec, as
<br /> trustee, any nmount necessary to make un the deficiency witltin thirty (30) days nfter �vritten notice from
<br /> the Mortgugee atating the amount of the deficiency, which notice may be gi�•en by mail. If 1t any time
<br /> the Mortgagor shull tender to the Biortgagee, in accordunce ��•ilh the provisimis of the note secured
<br /> hereby, full payment of the entire indeUtedness represented thcreby, the biortgagee, ns trustee, shall,
<br /> . in computing the umount of such indebtedness, credit to the nccount of tlie hfortgagor any credit balance
<br /> nccumulnted under the provisions of (¢) of paragraph 2 hereof. If there sl�all be a default under nny
<br /> of the provisions of this mortgnge resulting in a public sale of the premises coverecl hereby, or if the I
<br /> Mortgagee acquires the property otherwise uftcr defnult, the Morlgagce, as trustee, shall apply, at the
<br /> time of the commencement of such proceedings, or at the time the property is other�vise acquired, the �j �
<br /> amount then remnining to credit the Mortgngor under (a) of parngraph 2 preceding, as a credit on the �} � . � .
<br /> interest accrued and unpaid and the bulance to the principal then remaining unpaid on said note. _ - , ° �
<br /> 4. The lien of this instrument shall remain in full force nnd effect during an�� postponement or exten- p �; , ' � � 1�
<br /> Ision of the time of payment of the indebtedness or any part thercof secured hereby. .Tj � ' ;
<br /> ' • 5. He will pay all ground rents, taxes, nssessments, �vnter rates, and othcr governmental or munici- � � `
<br /> pal charges, fines, or impositions, levied upon said premises and thnt he will pny all taxes levied upon this � _ �
<br /> mor tgnge, or t he de b t secure d t here Uy, toge t hcr �ci t h ttup o t her taxes or assessmcn ts ��•hic h may be levied
<br /> under the lntvs of Nebraska ugainst the 11im•tgagec, or the legal holder of said principnl note, on account of •° :
<br /> this indebtedness, except when papment for ull such items hns theretofore Ueen made under (n) of para- ,
<br /> grlph 2 hereof, and he ��•ill promptly deliver the otficial reccipts therefor to the 1Iortgngee. In default
<br /> thereof the Mortgngee mny pay the samc.
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