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<br /> TO HwvE alvn To HoLD the same unto the Mortgagee, as l�erein provided. Mortgagor represents to,
<br /> snd covenants with, the Mortgagee, that the Mortgagur has good right tu scll and convey said premiacs ;
<br /> that they are free from encumbrance, except as hereinother�+• ise recited ; that the Mortgagor will warrant
<br /> and defend the same against the la���ful cla�ims of all persons whomsc�ver. Mortgagor hereby relinyuishes
<br /> I all rights of homeatead, all marital righta, ei! her in law or in equity, a��d all uther contingent interests of
<br /> the MortgaQor in and to the abo��e-described premises.
<br /> PRovIDED ALw�Ys, and these presents are executed and delivered upon the following conditiona, to
<br /> wit :
<br /> Moi•tgagor agrees to pay to the Mortgagee, or order, the afores:xid princiE�al sum �vith interest from date
<br /> at the rate of Eiqht and dfe tialf per centum ( 8 1/'� ) per �nnum on tli� un ��aid balance until paid.
<br /> The aaid principal and interest shall be payable at the oNice of iiiS?ERN SECURITSES COM�IINY
<br /> (p O�aha , litbruks , or at such other plxce as the hoider of the note may designate in
<br /> writing delivered or mssiled to tlie :�1m•tgagor, in munthly installments of Throe Hundred Sis and 83/100
<br /> Dollars ( $ 3� • 83 ) , cummencing on tlie fic•st d�xy of lrabsuasy , 1978 , and continuing on
<br /> the first day of each month tliereafter until �aid nute is fully paid, except that, if not suoner paid, the tinal
<br /> paymetit of principal and interest shall be due and pxYable on th�� fir•st day of Jantury , 2008 ; ail
<br /> according to the terms of a certain prumissury note uf even date hcvewith executed by the said Moi•tgagor•.
<br /> The Mortgagor fuz•ther agrees :
<br /> 1 . He will pay the inil�•bt��� lu��ss, as hi� rrinbrfore pruvidc�d. 1'rivilege is reserved to prepay at any
<br /> time, without premium ur fte, the ontu•e indebtedue�tis u�• auy p�ct thereoP not less thati the amou�it of otie
<br /> installment , oz one hundxed 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 /> tlte next following installment due date or thirty days after such prepaymenC, whichever is exrlier.
<br /> 2. Together with, and in adi9ition to, the munthly payments of principal and interest payable under
<br /> the terms of the note scrured hereby, Mortgagor will ��Ay t�� Murtgxgee, as tz•ustce, ( under the terms of this
<br /> trust aa hereinafter stuted ) on the first day of each month until said note is fully paid :
<br /> (¢ ) A sum eyual tu the ground r�ruts, ii' auy , ne�xt due, plus the pr��miwns that will next become due
<br /> and payaUl�• un policies of tire and other hacacd i ��sw•xnce cu�•ering the mortgaged property,
<br /> plu� taxes ancl a5si��sme•nts next �iue ou the mortgaged propu�K,v ( a11 as estimated by Lhe Mort-
<br /> gagee, en�i ui �chich thr Murtgagor ia notiticd ) l��ss all sums ulrc•xdy paid thereY'or divided by
<br /> the numbc� r � � f munths to ��lapsi• l�� • fun�r une inunth prior tu tlie �tate ���hen such ground rents,
<br /> premiums , tx ���s and a�s�•,snu�uta �� ill ��.� ��� �n�c �1� �linquent , such sums to be held b,v Mortgagee
<br /> in trust to pay said gruun� l et�ni �, pr�•miums, taxos .ind special a�s��ssments.
<br /> ( b ) The aggr�,gat�• u ( th�a xmuunts C�a�� :ii,>l�r ��ursuaiit to subpara�raph (a ) and those payable on the
<br /> iiote seciu•od h��rrl ��� , shxll b�• p�ii � l in u sinKlo I�a> meut .•acli mu�ith , to be applied to the follow-
<br /> ing items in the urder stat�rd :
<br /> ( I ) Kruuud r��uts , tasi�s, ass��ssrocnts, tiri� an �l other h �tzard insurance premiuma ;
<br /> ( tt ) iuto rost un thc nute secw•��� i hereby- ; and
<br /> ( iit ) anu .rtization uf the principal uf saidnote .
<br /> Any drfici �•nc� in th�• :imounl uf xn�� uich aggregat�� muuthly pa )'ment shall , unless made good
<br /> by the Alu�•tgagor pri �n' tu th.� duo dat.� uf the n��xL such pa�•ment , conatitute an event of default
<br /> under thiy murtgage. At Murtgztgee's u {�tiun, A9u�•tgagor will { �ay a `9ate charge" not exceed-
<br /> inY four ix�r c��ut um ( 1 ' : ) uf ari�� i� tstall mr�it �chen paid more thxn fifteen ( 1 :"i ) dayy after the
<br /> due dat�� thc� r�•uf' tu cu� �•r th�� ��xtra � � ±: {x�iis�� iu � ui � ��d iu han�lling dt�linyuent payments, but such
<br /> "late charg� " shall nut b� pa)'abl�� out uf lh�� prucvc�da uf any� tial�,� made tu satisfy the indebted-
<br /> ness socure�l hcrc�by , unicss suc}i pruc��� �ds ar.r suttici�� nt tu discharg�� the entire indebtedneas and
<br /> all proper custs an�i exExrnsea ����ui ��cl tl�ei•t�by .
<br /> S. If the total of the paymenta made by the Mortgagor under ( a ) of paragraph 2 preceding ahall
<br /> exeeed the amount of payments actually msde by the Mortgagc�, as trust�e, for ground rents, taxes and
<br /> asaeaamente or inaurance premiums, as the caae may be, such excess shall be credited by the Mortgagee
<br /> on aubaequent payment8 to be made by the Mortgagor for auch items or, at Mortgagee's option , aa trustee,
<br /> ahs�li be refunded to Mortga�or. If, however, such monthly paymf:nts ahall not be suflicient to pay auch
<br /> itema when the aame s!►aIl become due and payable, then the Mortga,Kor shall pa,y to the Mortgugee, ax
<br /> trustee, any amount necessary to make up the deficiency within thirty ( 30 ) dxys after writte•n notice from
<br /> the Mort�►�ee atstinR the amount of Lhe defuiet�cy, which notice mxy be gi ��en by mail. If at any time
<br /> the MortQa�or ahAll tender to the Mortgagee, in ac�ordance H ith the p�•u� isiuns uC the notc secured
<br /> hereby, fu!! payment of the entire indebte,dness repr�sented therrby, the Mortgagc�, as trustee, shall.
<br /> in computin� the amount of such indebtedneae, crrdit Gi the account of' the Mortgagor any credit balance
<br /> accumulated under the proviaiona of ( a ) of paragraph 2 herruf. If there shall be x defauit under xny
<br /> of the provisiona of this mort¢age reaulting in s public sale uf the premiars covered hereby, or if the
<br /> 11[ort�ee soquires the property otherwiae after default, the ^tortgagee, as trustE�, shall apply, at the
<br /> time of the Commencement of such proceedings, or at the time the property is otherw�ise arquirc� , the
<br /> amount then remainins to credit the b[ortgagor under ( a ) of para�Craph 2 preccding, as a credit on the
<br /> inter�t accrued and unpaid and the balance to the principstil then remaining unpaid on said note.
<br /> 4. The lien of this insti•ument shall remain in full force and effect during auy �wstponement orexten- f:
<br /> siot► of the time of payment of the indebtedne�s or any part thert-of secured hernby. �'�
<br /> � 5. He will pay all Qround rente, taxes, assex�menta, water rates, and other guvernmental or munici- �j `
<br /> pal charges, f4nea, or impoaitions. levied upuu said pre�nises and that he wili pa>• xll takes levied upon this
<br /> mrutgag�, or the debt scicured thereby, togethcr w• ith any other taxes or assessments �+ hich may be leviecl
<br /> u�sder the lsws of Nebraaka aQainat the MortQagee, or the legal holder of said principa! nott�, on account of �
<br /> this indebtedt�ees, exeept N•hen payment for all such items has theretofore been made under l r� ) of para-
<br /> graph `L hereof, snd he will prompUy de)iver the olficial receipts therefor to the blortgagc�e. In defxult
<br /> thereof tke MortQa�ee may pay the same.
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