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<br /> To HavE nrtn To FioLn the same unto the Mortgagee, as liei•ein providecl. Martgagor represetits to,
<br /> and covenants �vith, the MoY•tgagee, that the Mortgagor has good right to sell and convey said premises ;
<br /> tliat they are fi•ee from e�icumbrance, escept as hereinotherwise recited ; that the Mortgagor wili wax•rant
<br /> and defend the sanie against the la�,vf'ul claims of all persons whomsoevet-. 1VIoi•tgagor hereby relinquishes
<br /> � ali rights of homestead, afl maritwi rights, either an la�v or in equity, ar_d all otlier c��ntingent interests of
<br /> the Mortgagor in and to the above-desci•ibed premises.
<br /> PROv1nEn AiwnYs, and' tliese presents are executed and delivered upon the following conditions, to
<br /> wit :
<br /> Mortgagor agrees to pay to the Mortgagee, ox• or•der, the aforesaid principa] sum with interest from date
<br /> at the rate of eigh[ and one half- - per centum ( 8 . 5 % ) �r��n���,t��e �u���l��c� until paid.
<br /> The said principal and interest shall ue payable at the of�ice of Loan Association of Lincoln
<br /> in Lincoln , Nebraska , or at sucli other place as tlie holder of the note may designate in
<br /> writing delivered or mailed to t11e �Zox•tgagor, in monthly instailments of TG10 HUNDRED SIXTY FIVE AND 28 / 100
<br /> - Dollars ($Z65 . 28 ) , commencing on tiie first day of , 19 , and continuing on
<br /> the first day of each month tliereafter untii said note is fully paid, except that, if not sooner paid , tlie final
<br /> payment of principal and interest shall be clue and payable on the first day of ; all
<br /> according to the terms of a certain pi•omissoiy note of even date hei•ewith executed by the said Mortgagor.
<br /> The Mortgagor fui•ther agr•ees :
<br /> 1. He �vill pay the indebtedness, as hex•einbefore provided. Privilege is reserved to prepay at any
<br /> ` time, without premium or fee, the entire indebtedness or any �art thereof not less than the amount of one
<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 installment due date, need not be credited until
<br /> the next following installment due date or thirty days after such prepayment, whichever is eazlier .
<br /> S 2. Together with, and in addition to, the monthiy payments of principal and interest payable under
<br /> the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, ( under the terrns 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 tu the ground rents, if any, next due, plus the prerniums that will next Become due
<br /> and payable on policies of fire and othei• hazard insui•ance covering the mortgaged property,
<br /> plus taxes and assessments next due on the mortgaged property ( all as estimated by the Mort-
<br /> gagee, and of ���hich the Mortgagor is notified ) less all sums already paid therefor divided by
<br /> the number of months to elapse bef'ore one month prior to the date when such ground rents,
<br /> premiutns, taxes and assessments �ti•il] become delinquent, such sums to be held b,y Mortgagee '
<br /> in trust to pay said gi�ound rents, preir. iums, taxes and special assessments.
<br /> ( b ) The aggregate of the amounts payabfe pursuant to subpaY•agraph ( ¢) and those payable on the
<br /> note securecl hereby, shall be paid in a single pa,yment each month, to be applied to the follow-
<br /> ing items in the order stated : ,
<br /> ( i ) ground rents, taxes, assessmetits, fire and other hazard insurance premiums ;
<br /> ( II ) interest on the note secured hereby ; and
<br /> t ( tii ) amortization of the principal of said note.
<br /> Any deficiency in the amount of any such aggregate monthly payment sha11, unleas made good
<br /> by the NIoY•tgagor grior to the due date oP the next such pnyment, constitute an event of default
<br /> under tliis moi•tgage. At 11lortgagee's option, AZortgag•or will pay a "]ate charge" not exceed-
<br /> � ing four per ce�itum (4 ��o ) af any installmeiit �s°hen paid more than fifteen ( 15) days after the
<br /> due date thereof to cover the exti•a expeiise incolved in handlingdelinquent payments, but such
<br /> `9ate charge" shall not be payable out of the proceeds of any sale made to satisfy the indebted-
<br /> ness secui•ed hereby, uiiless such procceds ai•e suliicient to dischat•ge the entire indebtedness and
<br /> all proper costs and expenses secured thereby.
<br /> i 3. If the totai of the payments made by the Mortgagor under ( a) of paragraph 2 preceding shall
<br /> }, exe�ed the atr.ount af �ayments actually made by the Mortgagee, as trustee, for ground rents, taxes and
<br /> assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br /> on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br /> shall be refunded to Mortgagor_ If, however, such monthly payments shall not be sufficient to pay such
<br /> items when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br /> trustee, any amount necessary to make up the deficiency w•ithin thirty ( 30) days after written notice from
<br /> the Mortgagee stating the amount of the deficiency, which notice may be given by maii. If at any time
<br /> the Mortgagor shall tender to the Mortgagee, in accordance «�ith the provisions of the note secured
<br /> hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall,
<br /> in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br /> accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a defauIt under any
<br /> of the provisions of this mortgage resuiting in a public sale of the premises co�ered hereby, ar if the
<br /> Mortgagee acquires the property otherwise after default, the blortgagee, as trustee, shall appiy, at the
<br /> time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br /> amonnt then remaining to credit the Mortgagor under ( a) of paragraph 2 preceding, as a credit on the �
<br /> interest accrued and unpaid and the balance to the principal then remaining unpaid on said note. „ � � ,: _ y:. .„
<br /> 4. The lien of this instz•ument shall remain in full force and effect during any postponement or exten- " �' a°�
<br /> 1�y .
<br /> � sion of the time of payment of the indebtedness or any part thereof securecl hereby.
<br /> 5. . Ae will. pay all g'round rents, taxes, assessments, water rates, and other governmental or munici- � ' '
<br /> pal charges, fines, or impositions, ]evied upon said premises and that he will pay all taxes levied upon this ' �`
<br /> mortgage, or the debt secuxed thereby, togetl�er with any other taxes or assessments �i•hich may be levied
<br />� under the laws`of Ne6raska against the Mortgagee, or the legal holder of said principal note, on account of "
<br /> this indelatedness, except when payrnent for all such items has therBtofore been made under ( a ) of para- ""- '
<br /> graph 2 hereof; and he will promptly deliver the officiat receipts therefor to the DZortgagee. In default
<br /> thereof the Mortgagee may pay the same.
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