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<br /> To HnvE arrn TO f�oLD the same unto the Mar•tgagee, as liereiri provided. Mortgagor represcrits to,
<br /> and covenants with, the Mortga�ee, that the niortgagor has goocl riblrt to sell anci convey said premises ;
<br /> that they are free from encumbrance, except as hei•einother�vise recited ; that the Mortgagor «-ill warrant
<br /> and defend the same against the lawful cFaims of ali persons whomsoevei•. 1Vloi•tgago2• hereby relinquishes
<br /> all rights of homestead, all marital rights, either in law or in equity, and all other contingent interests of
<br /> � the Mortgagor in and to the above-described premises.
<br /> PROvinED ALwAYs; and these presents are executed and delivered upon the following conditions, to
<br /> wit:
<br /> DZortgagui• agrees to pay to the Mortga�ee, or order, the aforesaid pi•incipal sum �vith interest fi•om date
<br /> at the rate of eight and one half-- per centum ( 8 . S % ) �� ar�nu�n�n tl� ��dg afanc�e �ntil paid.
<br /> The said rincipal and interest shali be a able at the ofHce of rs e era n s an oan
<br /> p P Y Association of Lincoln
<br /> in Lincoln , Neb raska , or at such otlier place as tlie holder of the note may designate in
<br /> - writing delivered or mailed to the Mortgagm•, in montlily instaliments of ONE HUNDRED NINETY NINE AND 92 / 100
<br /> Dollars ( $199 . 92 ) , commencing on the first day of November , 1977 , and continuing on
<br /> the first day of eacli montli tliereafter until said note is fuily paid, except t}iat, if not sooner paid, tlie final
<br /> payment of principal and interest shall be due and payable on the first day of October 2007 ; all
<br /> ' ; according to the terms of a certain promissory note of even date hea•ewith executed by the said Mortgagoi�.
<br /> : The Mortgagor furthex• agr•ees :
<br /> 1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br /> time, �vithout premium or fee, the entire indebtedness or any part thereof not less than the amount of one
<br /> installment, or one hundred dollars ($100.00) , whichever is less. Prepayment in fuil shali be credited on
<br /> the date received. Paztial prepayment, other than on an installment due date, need not be credited until
<br /> the next following instailment due date or thirty days after such prepayment , whichever is eazlier.
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<br /> 2. Together with, and in addition to, the monthly payments of principal and interest payable under
<br /> the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, ( under the terms of this '
<br /> trust as hereinafter stated ) on the first day of each month until said note is fuily paid :
<br /> (¢) A sum equat tu the ground rents , if any, uext due, plus the premiums that w:lt naxt become due
<br /> and payable on policies of fire and other 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, aiid of �ehich the Mortgagor is notificd ) less all sums already paid therefor divided by
<br /> the number of months to elapse before one mmith prior to the date when such ground rents,
<br /> premimns, taxes and assessments wil] uecome delinquent, such sums to be held b,y Mortgagee
<br /> in trust to pay said ground rents, premiums, taxes and special assessments.
<br /> i ( b ) The aggregate of the amounts p�yable pwsuant to subparagraph ( a ) and those payable on the
<br /> note secured hereby, shatl be paid in a single paymrnt cach month, to be applied to the follow-
<br /> � ing items in the order stated :
<br /> ( t ) gi•ound rents, taxes, assessments, fii•e and other hazax•d insurance premiums ;
<br /> , ( tt ) interest on the note secured hereby ; and
<br /> � ( ic1 ) ainox•tization of the principal of said note.
<br /> Any deficiency in the amount of an}- such aggregate monthly payment shall, unless made good '
<br /> by the BI�rtgagor prior to Che due date oL the next such payment, constitute an event of default
<br /> under this moi•tgage. At 117ortgagce's option, n'Ioi•tgag•or will i�ay a "late charge" not exceed-
<br /> r ' ing four per ccutum ( 4 ;0 ) of any install ment �ti�hen paid more than fifteen ( 15 ) days after the '
<br /> due date tliereof to cover the extra eapcuse involvea in handling delinquent payments, but such
<br /> "late charge" shall not be nayable out of the proceeds of auy sale made to satisfy the indebted-
<br /> ness secured hereby, unless such proceeds are sufficient to dischar�e the entire indebtedness and
<br /> all proper costs �nd expenses secured thereby.
<br /> 3. If the total of the payments made by the Mortgagor under (a) of paragraph 2 Preceding shall
<br /> exceed the amount of payments actually made by the Mox•tgagee, 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 suflicient to pay such
<br /> items �vhen the same shall become due and payable, then the Mortgagor sha11 pay to the Mortgagee, as
<br /> trustee, any amount necessary to make up the deficiency within thix•ty ( 30) days after written notice from
<br /> the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br /> the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secur•ed
<br /> '' hereby, full payment of the entire indebtedness represented thereby, the 1-Iortgagee, 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 default under any
<br /> of the provisions �f this mortgage resulting in a public sate of the premises covered hereby, or if the
<br /> Mortgagee acquires the property otherwise after default, the Mortgagee, as trustee, shall apply, at the
<br /> time of the eommencement of such proceedings, or at the time the property is otherwise acquired, the
<br /> amount 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. � �
<br /> 4. The lien of this insti•uinent sliall remain in full force and effect during any postponement or exten- ' : ` �
<br /> sion of the time of payment of the indebtedness or any part thereof secured hereby. � � H'
<br /> � 5: He wi11 pay all ground rents, taxes, assessments, watez rates, and other governmental or munici-
<br /> pal charges, fines, or impositions, levied npon said premises and that he will pay all taxes levied upon this r:,, . A.'� ;
<br /> mortgage, or the debt seeured thereby, together with any other taxes or assessments which may be levied
<br />� i, , ::?Q. t�:a lar•� a� ^:.:h,—a�ra aga; ,��i; tiie iv`iorigag•ee, or the legal holder of said principal note, on account of �
<br /> this indebtedness, exeept H�hen payment for all such items has theretofore been made under (a ) of para- '�
<br /> graph 2 hereof, and he will promptly deliver• the official receipts therefor to the Mortgagee. In default
<br /> thereof the Moi•tgaqee may pa,y the same.
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