77006798 - Laserfiche WebLink

Browse

�_ . � � , � � � � To HAVE pND To HoI.D the same unto the Mortgngee, as herein provided. Mortgagor represents to, and covent►nts with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises ; that they are free from encumbrance, except us hereinotherwise recited ; that the Mortgagor �vill warrant and defend the same against the la«�ful claims of all persons whomsoever. Mortgagor hereby relinquishea nil rights of homestead, all mnrital rights, either in law or in equity, and all other contingent ititerests of the Mortgagor in and to the above-described premises. � PROVIDED ALIVAYS, and these presents are executed and delivered upon the following conditions, to � Wit : � � Mortgflgor ngrees to puy to the Alortgagee, or ordeq the aforesaid principal sum with interest from date p at the rate of eight and one half per centum ( g , 5 �/o ) p nnnum $n the unpaid balance until paid. � The said principal and interest shnll be payable nt the oflice of ��S�incognal Savings and Loan Association � in Lincoln , Nebraska , or at such otlier pince as tlie liolder of the note may designate in I� writing delivered or mailed to the \lortgagor, in monthly installments of ONE HUNDRED FORTY FIVE AND 32 / 100 ^ Dollars ($ 145 . 32 ) , commencing on tl�e first day of January , 19 7g , and continuing on the first duy of ench month tliereafter until snid note is fully paid, except that, if not sooner paid, the final payment of principnl and interest shall be due and payable on the first day of December 2007 � A�� according to the terms of a certain promissory note of even date herewith executed by the said hlortgagor, The Mortgagor further agrees : 1. He will puy tlie indcUtedness, ns liei•einUefore provided. Privilege is reserved to prepay at any time, without premium or fee, the entirc indebtedness or any pnrt thereoF not less than the amount of one installment, or one hundred dollars ($100.00), whichever is ]ess. Prepayment in full shtill be credited on the date received. Partial prepayment, other than on an installment due date, need not be credited until the next following installment due date or thirty days after such prepayment, whichever is eazlier. ; ' 2. Together with, and in addition to, the monthly payments of principal and interest payable under the terms of the note secured hereby, ➢tortgagor will pay to Eiortgagee, as trustee, ( under the terms of this trust as hereinafter stnted ) on the first day of each month until said note is fully paid : (a) A aum equal to the giround rents, if any, next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due mi the mortgnged property (ull as estimated by the lfort- j gagee, and of «•hich the }fortgagor is notified ) less all sums alrcady paid therefor divided by ' the number of months to elapse before one month prior to the date «�hen such ground rents, , premiums, taxes and assessments �ti•ip become delinquent, such sums to be held by Mortgagee in trust to pay said grouud rents, premiums, taxes and special nssessments. ( b ) The aggreglte of the amounts payable pursunnt to subparagraph (¢) and those pnyable on the note secuced hereby, shall be paid in 1 siugle payment each month, to be applied to the folia�s- ing items in the ocder stated : ( I ) ground rents, taxes, assessments, fire and other hazarcl insurance premiuma ; � Qt ) interest mithe notesecured hereby ; and ` , ( lu ) amortization of the principal of said note. Any deficiency in the amount of an�• sudi aggregate monthly payment shall, unless made good � by the :1lortgngor prior to the due date of tlie next such payment, constitute an event of default under this mortgnge. At Dlortgagee's option, Dlortgagor will pay a "late charge" not exceed- , ' ing four per centum (4 go ) of an�� install metit �cheu paid more than fifteen ( 15) days after the due date thereof to cover the extrn expense iucoh�ed in handling delinquent papments, but such "late charge" shall not be payaUle out of the proceeds of auy sale made to satisfy the indebted- ness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and nll proper costs flnd expenses secured thcreby. 3. If the total of the pnyments madc by the 11Sortgngor under (a) of paragraph 2 preceding shall exceed the amount of payments actually made by the hiortgngee, as trustee, for ground rents, tnxes and assessments or insurauce premiuma, us the cnse may be, such excess shall be credited Uy the 1lfortgagce on aubsequent payments to be made by the 11lortgagor for such items or, at Mortgagee's option, as trustee, O , ; shall be refunded to ➢Sortgagor. If, however, such monthly pnyments slinll not be suflicient to pny such itema when the same shnll become due and payable, then the 11lortgagor shall pny to the hfortgngce, as trustee, any amount necessary to make up the deficiency «�ithin thirty ( 30 ) days after �critten notice from the Mortgagee stating the amount of the deficiency, which notice may be given by mnil. If at any time ; the Mortgagor ehall tender to the ➢iortgagee, in acwr<lance �cith the provisions of the note secured hereby, full puyment of the entire indebtedness represented thereby, the \foctgagce, as trustee, shnll, in computing the umount of such indebtedness, credit to the account of the Mortgngor any credit balance accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be � default under any of the provisions of this mortgnge resulting in a public sale of the premises covered hereby, or if the Mortgagee acquires the property otherwise ufter defnult, the :�tortgagee, ns trustce, shnll apply, nt the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the ' amount then remnining to credit the Mortgagor under (a) of parngraph 2 preceding, us a credit on the � � �;,�,�. � ; interest accrued and unpaid and the bllnnce to the principal then remnining unpaid on said note. � � - i }`, � � � ; 4, The lien of this instrument shall remain in full force nnd effect during any postponement or exten- I � ' - aion of the time of payment of tlie indebtedness or any part thereof aecured hereUy. � 5. He will pay nll ground rents, taxes, assessments, �vater rates, and other goverimientAl or munici- �t`Q' '. pal charges, fines, or impositions, levied upon said premises and thnt hc will pay all taxes levied upon this 1<,? � � mortgage, or the debt secured thereby, together «•ith any other taxes or assessments �chich mny be levied under the luwa of Nebraslcl against the ,liortgugee, or the legnl holder of said principal note, on nccount of � this indebtedness, except when puyment for all such items has theretofore Ueen made under ( a) of para- � graph 2 hereof, nnd he will promptly deliver the oflicial receipts therefor to the .11ortgagee. In defnult � thereof the hioi�tgagee may pay the same. . �� �_ <;: