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<br /> To IiAVC ANu 'lv llo�b the �iimc uuto thc D1�� rtgagcc, .is hc �•cin proeided . 111orlgagoe roprescuts to,
<br /> ; aud covenunts witli, the Mortgagce, Uint lhe llortgagor has gond riqhL to sell sind cc�nvcy suid p�emise� ;
<br /> , � lhnC the,v iu•e free fcum encumbriuue, oxcepb its hereinothera� ise rccited ; Lhat Uie niortgngor tti�ill ����u�raut
<br /> l:� nud defend thc snmc against U�c lua• ful cluiiva of all persons whomsi�evcr. Dlortgagon c�reby relinquiahes
<br /> � ctll riglit � of liomeslend, all marital ci�hta; eithcr in law or lu cryuiC��, iu�d iill oUicr coiitingent intm�esls of �
<br /> t the 111orlguqor in nnd to tlie nbove-desccibed premises.
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<br /> I YRovinE� A�WnYs, nuci �!iese presents uce executed und dclivcred upon ti�e follu�ving conditions, to
<br /> ! wit :
<br /> nio,•c�agoi� ugrees to pay to the nlortqn�'ee, a• order, the uforesxid principal sum a�ith interest from ciute
<br /> � j ut the rnte of eight and one -half per centum ( � �iu ) per ainnum on tlie unpaid balnnce until p�iid.
<br /> � The sn.id principtil tu�d interest �liall be payable nt the oilice of First Federal S+zvin�s and Loan Assoc �,a�ion
<br /> , � � n Nebraska , or nt sucl� other pincc as the holder of the note muy design�te ino incol�
<br /> ` f writinq delivered or mailed 10 the \'Iori;gagor, in monthly instnlhnents of q�wo hundred six and S�E�100- - - - -
<br /> k , llollius ( � 206 . 84 ) , commenci��� on tiie firsL ciay of June , 19 7� , und coutinuing on
<br /> : 'r tlie iirat dny of each mouth tiiereniter wilil said note is fully paid, except tliat, if not sooner pnid , the final
<br /> � payment o£ principnl und interest shflll be due nnd paayabte on Che fiisl diiy of l+Iay � 2006 ; a1 �
<br /> .a nccording to the terms of a certain promissory uote of even dute liere�vith executed by the snicl Mortgngor.
<br /> mhe Mortgagor further agrees :
<br /> � , 1 . He ��•ill puy the indcbtedness, as herriubel'ore provided. 1'rivilege is reserved to prepay ut nny �
<br /> ; Cime, without premittm or fee, the cutiiro indebtedness or fuiy part theceof not less thnn the amount of one
<br /> ; instullment, or one hundred dollurs ($100 .00) , whichevcr is less . Pxepayment in full shull be credited on
<br /> � the date received. Purtial prepayment, other thnn on an instullment due date, need not be credited until
<br /> the next following installment due dute or thirty days atter such preplyment, whichever is e�,rlier.
<br /> � �' `L. Together with, and in uddition to, the monthly payments of principal and interest payable under
<br /> the terms of the note secured hcreb��, l�Ioi�tgagor ���ill ptxy to Mortgfigee, as trustee, ( under the terms of this
<br /> �� Erust ns hereinafter stated ) on the first day of each mmtth until said note is fully paid :
<br /> � ( a) A sum equal to thc graznd rents, if nuy, nexC due, pius the premiums that will next become due
<br /> ,� �nd pay.ible on policies of fire and othcr hazurd insurtuice covering the mortgaged property,
<br /> plus taxes and assessments next dur. on lhe mortgaged property ( nll as estimated by tl�e Mort-
<br /> � g�gee, nnd of u•hich the DTortgagor is notified ) less all sums alre:�dy paid thereFor divided by
<br /> '� the number of months to elapse bnfore oue mouth prior to the date �vhen such bround rents,
<br /> premiums, t�xes and nssessments ��•ill i�ecome tielinquent, such sums to be held by Mortgagee }
<br /> ^ in trust to pay said growid i•ents, premimus, taxes and special assessments.
<br /> �* ( G ) Tlre aggregate of tlie umounts pt�raUle pui•suaiit to subparngrlph ( n,) and those payable on the
<br /> � note secured herebY, shall be paid in a siugle payment each month, to be applied to Che follow-
<br /> � ing iCems in thc order stttted :
<br /> i ( t ) ground rents, taxes, assessmcuts , fire and otlier haznrd insurance premiums ;
<br /> � _ ( II ) interest on tlie note secttreci hcreby ; and
<br /> , � ( III ) amortizntion of Lhe principal oP snid nole.
<br /> Any deficier.cy in lhe amount of any such aggregate tnonthly paymeut shall, uuless made good
<br /> ;, by the llortgagor prior to the clue date of the next such pa�mtent, constitute an event of default
<br /> `. i under this mm•Cgage. At lfortgagee's option, ,llortglg�or �vill pay n "late chm•ge" not exceed-
<br /> f ing four per centum ( �l °o ) o [ nny install ment u�heu paid more than fifteen ( lo ) days nfter the
<br /> ' 'j duc datc thei•cof tn cover the extra espense im•oh•ed in handling delinquent pnyments, but such
<br /> � " late charge" shall not be payable out of the proceeds of auy� sale made to satisfy the indebted-
<br /> ° 1 ness sectu•ed hereby, ttnless such pirocceds are sufficient to discharge tlie entire indebtedness and
<br /> ; 1 all proper costs and expenses secured thereby.
<br /> ; � 3. If the total of the payments macic by +he D'fortgagor under ( a) of paragrupli 2 preceding shflll
<br /> ; � exceed the amount of pnyments actually made by the Mm•lgagee, as trustee, for growid rents , tz�xes and
<br /> :, ? assessments or insurance premiums, as the case may be, such excess sliall be crediteci by the h4ortgagee
<br /> gon subsequent payments to be made by tl�e hlortgugor for such itenu or, nt DSortgagee's option, as trustee,
<br /> � shall be refunded to 1lfortgagor. If, ho�vever, stich monthly plyments shflll not be sufficient to pay such
<br /> items when the same shall become due and paYnble, then the Mortg:igor shnll pay to the Mortgagee, as
<br /> ` ; trustee, at�,v amount necessary to mnke up the deficiency within thirty ( 30 ) days after �erittcu notice from
<br /> ' ' tl�e 11'Iortgagee stating the amount of the deficienc,v, which notice ma,y Ue given by maii. If at any time
<br /> jthe Mortgagor ahall tender to the Mortgagee, itt accordance �vith the pruvisimis of the note secured
<br /> " � hereby, full pnyment of the entire indebtedness represented thereby, the Mortgngee, as trustee, sttall,
<br /> ., 1 in computing the amount of auch indebtedness, creclit to the account of the Mortgagor any credit balunce
<br /> , ;, accumulated under the provisions of ( a) of paragraph 2 hereoF. If there shall be a default under any
<br /> ;: � of the provisions of tliis mortgnge resulting in a �public sale of the premises covered liereby, or if the
<br /> :' ; Mortgagee acquires the property othei�vise nft�r default, the h[orCgagee, as Lrustee, shnll apply, at the
<br /> • .� time of the commencement of such proceedings, or at the time the property is othcrwise ucquired, the
<br /> nmoant then remaining to credit the Mortgagor under (a ) of paragrnph 2 preceding, as a credit on the ;
<br /> 3 interest nccrued and unplid and the bnlance to the principal then remaining unpaid on said note. (
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<br /> 4. The lien oF this instrument shail remain in ftill force and etFect during any postponement or eacten-
<br /> � sion of tlie time of payment of the indebtedness or nny part thereof secured ]iereiy. � �
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<br /> . j b. He will pay all ground rents, taxes, assessments, waler rates, and other governmental or munici- J tr `fi?y
<br /> ' ' pul charges, fines, or impositions, levied upon said preinises and that he �vill pny all taxes levied upon this �'� `
<br /> - � moi•tgage, or the debt secured tlterehy, together with un,v other taxes or assessments «�hich may be levied
<br /> ' � under the la�vs of NeUrnska against the I44ortgngee, or tlie tegal holder of said principai note, on nccount of
<br /> jthis indebtedness, except �vhen payment for all such items hns thet•etoforE been made under ( a ) of para-
<br /> graph 2 hereof, and he ��• ill prompCly de� iver the oflicial receipts therefor to the llortgagee. In default
<br /> + tliereof the Mortgugee mny pay th� same.
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