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<br /> � TO HsvE wND TO HoLn the aame unto the Mortgagee, as herein provided. Mortgagor represents to,
<br /> � and covenants w :th, the Mortgagee, that the Mortgagor has good right to sell and convey said premises ;
<br /> �
<br /> �, that they are free from encumbrance, except as hereinotherwise recited ; that the Mortgagor will warrant
<br /> p and detend the same againat the lawful claims of all peraons whomsoever. Mortgagor hereby relinquishes
<br /> 1 ,= all ri�hts oY homestead, all marital righta, either in law or in equity, and all other contingent interests of
<br /> � the Mort�a�or in and to the above-described premises.
<br /> ^ PSOVIDED ALweYs, snd these presents are executed and delivered upon the Pollowing conditiona, to
<br /> wit :
<br /> Mortgagor agrees to pay to the Mortgagee, or a•der, the aforesaid principal sum with interest from date
<br /> at the rate of eight and one half per centum ( g , 5 `io ) nnu o the u ai balance ntil paid.
<br /> The esid principal and interest shall be payable at the office of ��ret �e � ral �a��n�e anc� Loan
<br /> gsoc at �on o n oln
<br /> �n Lincoln , Nebraska , or at such uther place as ttie holder of the note may designute in
<br /> writin� delivered or mailed to the btortgagor, in munthly installments of TWO HUNDRED FOURTEEN AND 53 / 100
<br /> po��grs �g 214 . 53 ) , commencing on the first day of F'ebrua ry , i9 �TB , and continuing on
<br /> the first day of each month thereafter until said note is fully paid, except that, if not aooner paid, the final
<br /> payment of principal snd interest shall lie due and payable on the first day of January 2008 ; all
<br /> accordin� to the terms of a certain promissoiy note of even date hez•e�vith executed by the said Mortgagoi•.
<br /> The Mortgagor fw•ther agrees :
<br /> 1 . He will psy the indebtedness, as hereinbef'ore provided . Privilege ia reserved to prepay at any
<br /> time, without premium or fee. the entire indebterdneas ur any part thereof not less than the amount of one
<br /> inetallment , 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 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. To�ether with, and in addition to, the monthly payments of principal and intereat payable under
<br /> the terma oP the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, ( under the terms of this
<br /> trust as hereinafter stated ) on the firat day of each month until said note is fully paid :
<br /> (a, ) A aum equal to the ground rents, if any, next due, plus the premiuma that will next become due
<br /> and payable on Iwlicies of fire and other hazard iusurance covering the mortgaged property,
<br /> plus taxes and assessmrnts next due oii the mox•tgaged property ( all as estimsted by the Mort-
<br /> Qa�ee, and of H hich the Mortgagur is notified ) less all sums already paid therefor divided by
<br /> the number of montha to elapse before one month prior to the date when such ground renta,
<br /> premiums, taxes and assessmc� nts �� ill bec:omc delinquent , such sums to be held by Mortgagee
<br /> in trust to pay said ground re�nts, premiums, taxes and special aasesamenta.
<br /> ( b ) The aygregate of the amuunta payable pursuant to subparagraph ( a ) and thoae payable on the
<br /> note aec:ured hereby, shall be paid in a single paymeiit each month, to be applied to the follow-
<br /> iny items in the order stated :
<br /> ( 1 ) Qround renta, taxes, asseasments, fire and other hazard insurance premiums ;
<br /> ( II ) interest on the note secured hereby ; and
<br /> ( III ) amortization of the principal of said note.
<br /> Any deficieneg in the amourit uf any� such aggi•egate monthly payment ahall, unlees made good
<br /> by the Mortgagor prioi• to the due date of the next such payment , constitute an event of defauit
<br /> under thir mortgage. At hlortgagee's uption, Diurtgagor wi11 pay a '9ate chsr�e" not exceed-
<br /> in� four �er centum ( 4 ''� ) of any install ment �chen paid more than fifteen ( 15 ) days after the
<br /> due date thereuf to co��er the extra expense in� olced in handling delinquent psyments, but auch
<br /> "late charge" shall not be pa}�able out of the proceeds of any sale made to satiafy the indebted-
<br /> nesa secured hereby, unless such procecds ai•e sufficient to diacharge the entire indebtedness and
<br /> all proper costs and expensea secure�l thereby.
<br /> 3. If the total of the payments made by the Mortga�or under ( a) of psragraph 2 precedin� ahali
<br /> ezoeed the unount of payments actually made by the Mortgagee, aa trustee, for ground rents, taxes and
<br /> aesessetenta or insurunce premiums, se the case may be, auch excesa shall be credited by the Mortgagee
<br /> on sub�equent psyments to be made by the Mortgagor for such items or, at Mort�agee's option, aa truatee,
<br /> shsll be refunded to Mott,�a�or. If, however, such monthly payments ahall not be sufficient to pay such
<br /> item� when the same shall become due and payable, then the Mortgagor aha.11 pay to the Mortgagee, as
<br /> trustee, any amount necesaary to make up the deficiency within thirty ( 30) days after written notice from
<br /> the ]iort�ap�ee statia� the amount of the deficiency, which notice may be �iven by mail. If at any time
<br /> the MortQaror ahall tender to the MortQ'ay�ee, in accordance �� ith the proviaions uf the note secured
<br /> hereby, lull payment of the entire indebtedneas repreaented thereby, the Mortgagee, as truatee, ahall,
<br /> ia coazautin� the amount of such indebtedneas, credit to the account of the Mortgagor any credit balance
<br /> aceumulated uncler the provisiona of (a ) of parapR�aph 2 hereof. If there ahall be a default under any
<br /> of the proviaione of thi� inort�aae reeulting in a public ssle of the premisea covered hereby, or if the
<br /> a[prtsaeee acquires the property otltierwiee after default, the Mortgagee, as truatee, shall apply, at the
<br /> time o1 the commencement of auch proceedinga, or at the time the property is otherwiae acquired, the
<br /> amount then reauitsias to credit the Mort�a�or under ( a ) of paragraQh 2 preceding, aa a credit on the
<br /> intsrest accrued snd uapaid and the balance to the principal then remaining unpaid on said note. � . ,�
<br /> d, The lien of this inatrument ahal] remain in fup force and effect during any postponement or exten- ^ '?�
<br /> rion oi tAe time of payment of the indebtednese or any part thereof secured hereby. k�
<br /> � 5. He will psy sli t'round rents, taxea, asaessmenta, water rates, and other governmental or muniei- �' �'`
<br /> pal elswr=es, i1n�, or iinpoaitions, levied upon etid premiaes snd tt►at he will pay all taxea levied upon this '�" .
<br /> mortseise, or thr Apht �+cured the�by, tc�tether u•ith anv other taxes or assessments which may be levied
<br /> qeder the Lwt o! Nebrasks a�sinat the Mortaa�ee, or the le�al holder of said principsl note, on account of
<br /> tiiis ipdebbednen, exoept when psyment for sll such items has theretofore been made under ( a ) of para- "`
<br /> �rsph 2 Fwreoi, snd he wiil prompti.v deliver the oH"icial receipta therefor to the :�Iort�agee. In default
<br /> d►ee�ec►f tl�e ![oetsa�ee m�Y PaY the same.
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