|
r
<br /> fly rf . r, . •"t�- a .
<br /> Wi
<br /> 44
<br /> s . # M I ,, , , 11 ; ff . P &
<br /> To HAVE AND TO ItOLD the same unto the Mortgagee, as herein provided. Mortgagor -replresents " to,
<br /> Of',.rr , t. and covenants with, theiMortgagee, that the; Mortgagor has good right to sell and convey',said premises ;
<br /> 147' . • that they are free from encumbrance, except as hereinotherwise recited; that the Mortgagor ,w ill warrant
<br /> `? 0 1 ` and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby. relinquishes •:.:.:21 • S3
<br />;fritrs Ir s'{ all rights of homestead, all marital`riglitsc' eithor ro la* orinequity, and all Other contingent interests of '
<br /> � t4 the Mix tgagor 11.1 -and to the above dead cbed pleat ses. ; t
<br /> Af°n, . PxoviDED At WAYa, and these lrresents are executed and delivered upon the following conditions, .to . '
<br /> �1f wit
<br />"i-F 5 7 ' Mortgagoragrees. topay1.• deCb•kddi1d11 tothell'tor4 NI tgagee, o14 d 'd dddij :dkr rorded idr, thea!oresaId . 17idprincipalsum�wit• hintekkkk restfrom4k 4 date t ::
<br />- ,s ty)r at thr rate gf,.l;ight and ,:Three' Fein•tlpar centum . ( 8 . 7}'a) "per annum on the unpaid balance until paid:. 'k.:::-.7.,-.\-., . .:'..:2:! ':-'1.1.•:: :::i.:
<br />" s"tt The sand princip• al and interest shall. Id pa• yable •at the office of First . Eederal •ne.Savin s •:and Loan;.
<br /> 4• RK i`�1 A in Lincoln . : • % , or`at such other place as 'Me toper or hoe no a many eacgnate• in ;. • i
<br /> f J401Jb Y , writing delivered'or mailed to the Mortgagor; in monthly installments ofOne Hundred "' sl,Xty 9- ic : pia No/1.00 -t
<br /> f - f Dollari'',($ .11.66.: 00 ) ,coinmencing on the first day of April , 19 76 , andeontinuing on
<br /> . x„} { "f ; • • the firstday of each month thereafter until'said note is fully paid, except that, if not sooner:pacd; the final
<br /> t payment of principal and inter estshali be due:and payable on.the first dayof : March 200all
<br /> according to the terms of a' certain promissory note of even date her ewithexecuted by the said Mortgagor. ;
<br /> yzf 11r' a • The Martgagor further agrees . • P. • c
<br /> P �a • 1 . He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to piepay at ;any ;
<br /> eras iP ,. time; without premium or fee, the entire indebtedness or any part thereof not less than the amount of one $ " ,
<br /> z .'; installment for one hwrdred dollars, $100:00 whichever is less.. Pre ' '
<br /> �k ( )+: payment in full shall• lie credited on
<br /> 1.!';' ,..,4.41.":;'...:::.: ,
<br /> f�. ra ,• the date recetved. Partial.:prepeyment; other than. on an installment due date, .need ,not:be credrted.unttl
<br /> the next following installment due date or thirty days after such prepayment, whichever fa earlier
<br /> 'W .
<br /> ' 14r ' ' 2.t-Together frith, and In addition' tit; the Monthly? payments of 'prineipal and interest payable: under
<br />{ t the terms of the note secured hereby; Mortgagor will pay to Mortgagee, as trustee;i (underthe terms of this l
<br /> U;
<br /> V.A.4 trust as` hereinafMr stated ) on the first day of each month until said .note is. fully'paid ; :
<br /> (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due s
<br /> rz� j ; and payable on policies of fire and other hazard insurance covering the mortgaged property;'- f
<br /> i i plus taxes and, assessments next due on the mortgaged property (alias estimated by the Mort- sdt4 #5'.
<br /> r " gagee,. and of which the.Mortgagor is notified) Less all sumsalreadypaid therefor divided by i
<br /> a.. tom' the numberofxiionths .tdelapsebefore -one month prior to the date *hen such ground rents, t
<br /> i� t`` premiums,. taxes and .assessments will become delinquent, such sums to be held by Mortgagee ` ; t
<br /> .70
<br /> in trust to pay said ground rents;. premiums, taxes and special assessments. . 1 ` - ';
<br /> ( 6)' = The aggregate of the amountspayablepursuant to subparagraph (a) : and those payable on the
<br /> note secured hereby; Shall be paid in a single payment each month, to be applied to the follow- 1 x
<br /> 4.‘‘,11.q.41.:F ing items in the order stated
<br /> , (I) ground rents, taxes assessments; fire and other hazard insurance premiums • Y "
<br /> t
<br /> Pa ( it) interest on tile note secured hereby ; and '
<br /> k • Fr ( III) amortization of the principal of- said note. -
<br /> Any deficiency the amount of any such aggregate
<br /> smonthly payment shall, unless made good
<br /> by the: Mortgagor prior to the due date of the next such payment, constitute an event of default
<br /> - •• er under .this mortgage. At Mortgagee's option, Mortgagor will pay r "late charge" notexceed-
<br /> ingfourpercentum (4 % ) of any installment when paid more than fifteen ( 15) days after the
<br /> ar3
<br /> . 14 t due
<br /> •
<br /> . 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 /> tct ness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and
<br /> all proper costs and expenses secured thereby.
<br /> {s 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 /> •
<br /> +' F ? assessments or. insurancepremiums, as the case may be, such excess shall be credited by the Mortgagee"
<br /> P on subsequent payments to be made by the Mortgagor forsuchitems or, at Mortgagee's option, as trustee,
<br /> rt shallbe' refunded to Mortgagor. . If, however, such monthly payments shall not be sufficient to paysuch
<br /> 41 41.21" .11. items when . the ane shall become due and payable, then the Mortgagor shall pay to the Mortgagee, as .
<br /> T e trustee, any amount necessary to makeup the deficiency within thirty ( 30) days after written notice from
<br /> the Mortgagee stating: theamountof . the deficiency, which notice may be given by mail. If at any time
<br /> if 4I 4 skt the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured
<br /> I hereby, full payment of the entireindebtedness represented thereby, the Mortgagee, as trustee, shall,
<br /> 31-Jrd c ' in computing .the:amount . of such indebtedness, - credit to the account of the Mortgagor any credit balance
<br />'. s accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under any
<br /> ,� ' r of the provisions. of this mortgage resulting in .a public- saie of the premises covered hereby, or if the • ,
<br /> 4 4t-df�` r Mortgagee acquirea .the propertyotherwise after: default, the Mortgagee, as trustee, shall apply, at the
<br /> i time of - the commencement-of such proceedings, or at the time the property is otherwise acquired, the ;
<br /> c i= 4- amount then remaining to credit he Mortgagor under (a) of paragraph 2 preceding, as a credit on. the
<br /> ' 'z 1 . interest accrued . and unpaid. and the balance to the principal then remaining;unpaid. on said note. : r
<br /> t`k 4 The hen of this instrument shall remain infull force and effect during any postponement or exten- l"` ; ,
<br /> $ {'-� t. sfon of the time of payment of the indebtedness or any part thereof secured hereby. •
<br /> :
<br />�;�P 1 t 5. . 11e will pay. app ground rents, taxes, assessments, water rates,: and other governmental or munici-
<br /> - lrti 1 ' psi charges, fines; or impositions, levied upon said premises and that he will pay all taxes levied upon this
<br /> r 4 mortgage,.or the debt secured thereby, together with any other tares or assessments which may be levied c f
<br /> un •
<br /> der the laws of Nebraska against the Mortgagee, or the legal holder of said principal note, on account of
<br />�� ` this indebtedness;- exceptwhen - payment for all such items has theretofore been made under ( a) of para-
<br /> graphr2 hereof, and he will promptly deliver the official receipts therefor to the Mortgagee. In default •
<br /> thereof the Mortgagee may pay the same. -
<br /> gam, .. .
<br />
|