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<br /> 7b HAVE AND To Ilotn the stune unto the :tlortgagee, as herein pro�• ided . ilfortgngor represents to,
<br /> and covenants with, the Aiortgagee, tliut the ilortgagor h:is good right to se11 and convey said premiscs ;
<br /> � that they 1re free from encumbrance, except as hereinothern• ise recited ; thnL the hi<� rtgagor �cill �varrant
<br /> and defend the s�me aqainst the la�+� ful cl:iims of all persons +ti� homsoc��co•. ltortgagor hereby relinquishes
<br /> � all rights of homestead, ail marital rights, cither in lx��� or in equit��, aud all othcr contingent interests of
<br /> the f�foi•tgagor ii� and to tlie above-described premises.
<br /> YROVIDED ALIVAYS, 811C1 1�18sC pl'05CttlS :1Y0 CXCCUtC(� SII� delivered upon the follo�ving conditions, to � � �
<br /> ���t :
<br /> riortgagor agrees to pay to the Alortgngee, or order, the aforesnid principal sum n�ith interest f'rom date
<br /> at the rate of Eight and three - fourtpm� centum (8 . 75�b ) per �mnum on the tmpaid balance until paid.
<br /> The slid principal and interest sliall Ue payable at the oflice of Fti rst T'ederal Savin�s and Loan As soc �,atioa
<br /> in Ilebrasxa , or at sucli other place as tl� e liolder of the note may designate in°�,incoln
<br /> writing delivered or mailed to the liortgagor, in montlil}� insta►lments of iwio hundred thirty- two and 27� 100
<br /> Dollars ( � 232 . 27 ) , commencing on the first day of May , 19 76 , .�nd continuing on
<br /> tlie first day of each month therenfter until said note is full�� paid, except thnt, if not sooner paid, the tinal
<br /> payment of principal and interest shall be due and paYable on the tii•st day of April , 2006 ; ai1
<br /> according to the terms of a cei•tnin promissory note of e��en date here�aith executed by tl�e said Diortgagoi•.
<br /> The Moi•tgagor fw•ther agrees : ,
<br /> 1 . He �eill pay lhe indebtedness, as hereinbefore pt•ovided . Privilege is reser��ed to prepay at aiiy
<br /> time, iaithout premium or fce, the entire indebtedness or any part thereof not less than the amount of one
<br /> installment, or one hundred doilars ($ 100 .00 ) , whicheveT is less . Prepayment in full shall be credited on
<br /> the date received . Partial prepayment, other than on an installment due date, �ieed not be credited until
<br /> the next following installment due date or thirty days after such prepayment, whichever is eadier.
<br /> 2. Together with, and in addition to, the monthly payments of principal and interest payable under
<br /> the terms of the note secured hereb}�, Mortgagor �vill pay to D1o�•tgagee, ns trustee, ( imder the terms af this
<br /> trust as hereinafter stated ) on the first day of each month until said note is fully paid :
<br /> (a) A sum e4ua1 lo the ground rents, if any, uext due, plus the premimns that will next become due
<br /> and papab]e on policies of fire and other hazard insiu•ance co��ering the mortgaged property,
<br /> plus t.�xes and assessments next due on the mortgaged property ( all as estimated by the :lfort-
<br /> gagee, anil of �chich the Afortgagor is notified ) less all sums already paid therefor divided by
<br /> r the number ot moiiths tu elapse befoi•e one montii pi•ior to the ciate n•hen such ground rents,
<br /> premiums, taxes aud assessments �cill become delinquent, such sums to be held by Btortgagee
<br /> � in trust to pa}� said giround renls , pcemiums, tases a�id special assessments.
<br /> { 6 ) The aggmgate of tlte amounts p:q•aUle pin•suaut to subparagraph ( a ) and thase payable on the
<br /> + ; note secured hereby, shall be paid in a single pa��ment each month, to be applied to the folloi�•-
<br /> ing items i �i the urder sta 'ted :
<br /> ( i ) giround i�ents, tases, assessmcnts , fire and other hazard insurance premiums ;
<br /> ( lt ) intemstonthenotesecuredhcreb�� ; attd
<br /> ( tlt ) amortizatiion of the principal of said note.
<br /> " �1n}• deficienc�• iu the amount of an �� such uggregate monthl�� pa}� ment shall , unless made good
<br /> � by tlie Jlortgagm• prior to lhe due date uf tlie n�xt suclt ���aymeiit, cmistitute an ecent of default � �
<br /> under tliis moi•tgage. at lfortgagce's uption, Jlortgagor n�ill pay :i ' 9ate charge" not exceed- „�,
<br /> � ing :uur per ceutum ( t ;'� ) oY' an}� install ment �rhen paid more th �m fifteen ( 15 ) days after the . '".•..
<br /> due date thereof tu cocer the exti•a espeuse iii��ol �•ed in hai�dlingdelinqueiit pay�ments, butsuch r�i
<br /> " late charge " sh:ill not be pa��able nut of the procec� s of ait>� sale made to satisfy the indebted-
<br /> - ness secured hereb�•, unless such proceeds are sufticicnt to dischuige the entire indebtedness and
<br /> all proper custs and e� penses secured thereb�•.
<br /> 3. If t.he total of the pay�nents made by the lfortgagor under ( n ) of paragiaph 2 preceding shall
<br /> exceed the amount of payments actually made bp the bIortgagee, as trustce, for ground rents, taxes and
<br /> assessments or insurance premiums, as the case may be, such excess shall be credited by the rlortgagee
<br /> � on subseyuent payments to be made 6y the \fortgagor for such itenvs or, at :ltortgagee's option , as trustee,
<br /> shall be refunded to Jlortgagor. If, ho�ecver, such monthl�• pa��me�its shall not be suf3icient to pay such
<br /> � items when t}ic same shall become due and payable, then the AIortgagoi• shall pay to the Aiortgagee, as
<br /> tivstee, any amomit necessary to rnake up the deficienc}• u' ithin thirt�' ( 30 ) days after ticritten notice from
<br /> ` the Afortgagee stating the amount of the deficiency, �ehicli notice may be gi��en b}• maiL lf at an� time
<br /> ' the Diortgagor shall tender to the ATortgagee, in <<ccordance �eith the pro�- isimis of the note secui•ed
<br /> hereby, full payment of the entire indebtedness represented thereby, the Jlortgagee, as trustce, shall,
<br /> 4 in computing the amount of such indeUtedness, credit to the account of thc hfortgagor an�� credit balance
<br /> accumulated under the provisions of ( a ) of paragraph `L hereof. If thcre shall be a default under any
<br /> oi the provisions of this mortgage resulting in a puUlic sale of the premises co �•ereci hereby, or if the
<br /> biortgagee acquires the property other�vise after defaiilt, thc \fort{�agee, as trust��, shail apply, at the
<br /> time of the commencement of such proceedings, or at the time the property is other�cise acquired, the
<br /> amount then remaining to credit the Diortgagor under ( n ) of paragraph 2 preceding, as a credit on the
<br /> � interest acc�ved nnd unpaid and the balance to the principal then remaining impaid un said note.
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<br />, ; 4 . The lien of this instrument shall remain in full force and effect during any postponement or exten- Nt:'; ',
<br /> sion of the time of pat•ment of the indebtedness or any part thereof secured hereb�•. y� � ;
<br /> o. He �ti•i11 pay all grouncl rents, taxes, assessments, ��rater rates , and other go�•ernmental or munici-
<br /> pal charges, fines, or impositions, le�•icd upon said premises and that he n' ill pa}• all taxes levied upon this � '
<br /> Y;,�,� mortgage, or the debt secw•ed flterebp, togethei• u ilh any other taxes or assessme�its ��:hich ma�� be levied �
<br />� mider the la�es of \eUraska against the �Iortgagee, or tlie le�;al holder of said principal note , un account of �
<br />�� this indebtedness, eacept «� hen pa1•ment for 111 such items has theretofore bcen made under ( a ) of pu•a-
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<br /> i�: graph 2 hereof, and he u• ill promptl�' deliver the oflici ,il receipts therefor to the \Im•tgagee. In default
<br /> thereoi the :�fortgagee ma�� pa�• the same.
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