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<br /> TO HAVE AND To HOLD the .mune unto the Mortgagee, as. herein provided . Mortgagor represents to,
<br /> x3 r F and: covenants with, the Mortgagee, that the Mortgagor has good right to sell andconvey said premises ;
<br /> .? "14 that they- are free from encumbrance, except as hereinotherwise :recited ; that the Mortgagorwill warrant
<br /> and' defend .the same against, the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br /> F + all rights of homestead, fall 3marital rights,`. either in law or in equity, and all other contingent interests of
<br /> $01 ' the MOrtiagor iin .and to. the aboveelescribed:premises.
<br /> 1 y ' j Fttovinan Aeways, arid these presents are executed and delivered upon the . following conditions, to
<br /> wit:
<br /> Mortgagor agrees to pay to the:Mortgagee, or order, the aforesaid principal sum with interest from date
<br /> Viri*Yat the rate of Nine, per centum (9 . 0 '. 6 ). per annum on the unpaid balance until paid.
<br /> e { The said principal interest shall be payable at " the office of e first Federal airings & Loan. Association •
<br /> a in 1+'1 nna� , or at such other place as the holder o e note may designate in
<br /> writing delivered or mailed to the Mortgagor, in monthly installments of " One Hundred Forty Four :and 84/100
<br /> ; ' Dollars ( $ 3.44 . 84 ) , commencing on the first day of . February , 1.&76 , and continuing on
<br /> t z; the first day of each monththereafter until said note is " fully paid, except that, if not sooner paid, the final
<br /> { • 2 payment of principal and interest shall be due and payable on the first day of January , . 2006 ; all ,
<br /> according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor:
<br /> The Mortgagor further agrees: _
<br /> re - -1 ' He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br /> time, without premium or fee, the entire indebtedness or any part thereof not less thanthe amount of one
<br /> installment, or one hundred dollars ($100.00 ), whichever is less. . Prepayment in full . shall be credited on
<br /> 2;s the date received- Partial prepayment, other than on an installment due date, need not be credited until
<br /> f' the)neat, following-installment due date or thirty days after such prepayment , whichever is earlier.
<br /> 2, Together with, and in addition to, the monthly payments of principal and interest payable under
<br /> ititkri 7; T the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, ( under the terms of this
<br /> e trust as hereinafter stated). ' on the first day of each month until said note is fully paid :
<br /> lee
<br /> (a) Asum equal to the
<br /> rF ground rents; if any, next due, plus the premiums that will next become due
<br /> and payable on policies of fire and other hazard insurance 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 which the Mortgagor is notified ) less all sums already paid .therefor divided by
<br /> the number of months to elapse before one month prior to the date when such ground rents, •
<br /> k ': premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee
<br /> t s, in trust to pay said ground rents, premiums, :taxes and special assessments.
<br /> ( b ) The aggregate of the amounts :payable pursuant: to subparagraph ( a ) and those payable on the
<br /> note:secured hereby, shall be paid in single payment each month, tobe applied to the follow-
<br /> es. # ing items in the order stated :
<br /> a ▪ F ;
<br /> (1) . ground rents., taxes, assessments, fire and other hazard insurance premiums ;
<br /> ( U ) interest on the note secured hereby ; and
<br /> ( IIt ) amortizationof the principal of said note.
<br /> Any deficiency in the amount of any such aggregate monthly payment shall, unless triads good
<br /> by the Mortgagor prior to the due date of the next such payment, constitute an event of default
<br /> under this mortgage. At Mortgagee's option, Mortgagor will pay a "late charge" not exceed
<br /> i ing four per . centum ( 1 % ) of any installment when paid more than fifteen ( 15 ) days after the
<br /> due date thereof to cover the extra expense involved in handling delinquent payments, but such
<br /> "late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebted-
<br /> r ness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and
<br /> all proper costs andexpenses 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 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 madeby the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br /> �r shall be refunded . to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such
<br /> items -when the same shall becomedueand payable, then the Mortgagor shall pay to the Mortgagee, as
<br /> trustee, any amount necessary to make up the deficiency within thirty ( 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 secured
<br /> i 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 /> • c accumulated under the provisions of ( a) of paragraph 2 hereof. If there shallbe a default under any
<br /> of the provisions of this mortgage resulting in a public sale 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 commencement of such proceedings, or at the time the property is otherwise acquired , the -
<br /> � ' amount thenremaining 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 instrument shall remain in full force and effect during any postponement or exten- ef
<br /> v" Sion" of the time of payment of the indebtedness or any part thereof secured hereby.
<br /> 5. as *nI ply al sgiieund rents, taxes, assessments, . water rates, and other governmental or. munici- " ;
<br /> pal charges, fines, or:mipositions, levied upon saidpremises and that he will pay all taxes levied upon this '
<br /> mortgage, .or.:the debt secured thereby, together with any other taxes or assessments which may be levied
<br /> under thelaws of Nebraska against the Mortgagee, or the legal holder of said principal note, cn account of
<br /> ew-
<br /> this indebtedness.%except when 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 Mortgagee may pay the same. j
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