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<br />� 76- UU � 271
<br /> To Hnvr: nNn 'fo llot.0 thc same unCo Lhe \tortgagec, as liercin pru�•id�:�d. hlorlgagor represents ta,
<br /> and covenants with, the hfortgagee, tl�at ti�e Mortgngor has �;ood ri�;ht to scll und convey said premises ;
<br /> tLat they are free from eucumbrance, except as hereinother�sise recited ; thaL the 111ortgagor �vill �+�arrant
<br /> nnd defend the same ag:iinst the la��• fi�l claints of all persons u'homsocvcr. ,1Tortgagor hereby rclinquishes
<br /> all rights o. homestead, :ili mn�•ital �•ights, either iu law or in equity, au<I all other contingent interests of
<br /> the nloi•tgagor in and to the nbove-described premises.
<br /> YItOVIDP,D AL11'AYS, :md these presents ace executed �uid delieerect npou the follo�ving conditions, to ' �
<br /> wlt :
<br /> illortgagor agtres to pay to the liortgagee, or order, thc aforesaid principat surn �vith interest from date
<br /> ' at the rate of Eight & One Ha1f per centwn ( 8 • 5 ;'b ) er annum on the un�mid balance unf il paid.
<br /> The said principal and interest shall be payable at the o(i'ice of �irat Federal Sevings and L�an Association
<br /> �f Linco7,n
<br /> in Nebraska , or at such other place as t6e older of llie note m�y designate in
<br /> � writir.g delivered or mFtiled fo the ,lIortgagor, in monthly instaliments of Two Hundred Twenty Five and 66�100
<br /> Dollars ( tiy"225 . 66 ) , commencing on the first duy of June , 197� , and continuing on
<br /> the first day of each month thereafter until s:�id note is fully paid, except that, if not sooner paid, the tinai
<br /> pfiyment of principal <znd iittei•est shall be due and pa,Yable on the (irst d:iy of 1�ZeY 2006 � �1��
<br /> according to the terms oP a certain promissory note of even date here+ti�ith executed by the snid 14fortgagor.
<br /> The biortgagor further agrees :
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<br /> � ,' 1 . He n�ill pny the indebfedness, as hcreinbet'ore provided. Privilege is reserved to prepay at any
<br /> time, �+�iihout premium or fce, lhe entire indebtedness o� any Pai•t thereof not less than the amount of one
<br /> ` installment, or one hundred dollars ($100.00) , whichever is less . Prepayment in full shall be credited on
<br /> the date received. Partial prepayment, other than on an installment due date, need not be credited untIl
<br /> the next following installment due date or thirty days after such pr.epayment, whichever is earlier.
<br /> 2. Together with, and in addition to, the monthly payments of principal and interest paynble under
<br /> the terms of the note secured hereby, I1iw�tgagm• �vill pay to Mortqagee, as tivstee, ( under the terms of this
<br /> " ' tivst as hereinafter stated ) on the first day of each month until snid note is fully paid :
<br /> (u) A sum equal to lhe grow�d rents, if auy', next due, plus the premiums that will next become due
<br /> and payable on policies of fire ar.d other hazard insurance covering the mortgaged property,
<br /> plus taxes xnd assessments next due on the murtgaged pruperty (all as estimated Uy the ilfort-
<br /> gagee, and of �rhich the Dfortgagor is notilied ) less all sums already paid therefor divided by
<br /> the number ot months to elapse before one monih prior to the date when such ground rents,
<br /> `` premiums, taxcs nnd :issessmeutis �rill become delinqucnt, such sums to be held bY ➢4ortgagee
<br /> � in trust to pny said gi•owid rents, premiums, iaxes a�id special assessntents.
<br /> ( G ) The aggregate of' the amounts paiyxble pm•suant to subparagraph (�c) and those payable on the
<br /> note secured hereby, sliall be paid iu a single pa��ment each month, to be appiied to the follo«•-
<br /> ing items in the order stated :
<br /> ( t ) ginund i•ents, tases, rissessments, fire and olher ha•r.ard insurauce premiums ;
<br /> � QI ) inLerest on tl�e note secured hereby ; aud
<br /> ( ttt) amm•tization of the principll of said note.
<br /> Any deficienc}� in ihe amount o1' any such aggregute monthl�� payment shall, unless made good
<br /> � by the �lortgagor prior to the �uc dato oY the next sudi payment, constitute an event of default
<br /> j; ': under lhis mortgagc. At \Iortg�+gee's option, \Iortgngor «•ill puy a '9ate charge" not exceed-
<br /> � ing four per cenhim ( 9 ;'� ) of n�i�� installment ��•hen paid mom t}tan fifteen ( 15 ) days after the
<br /> y ' due date thereoC to cocer the e�tra espensc incolved in handling delinquent payments, but such
<br /> % "late charge" shail noL be payable out of the pracecds oI any sale made to satisfy the indebted-
<br /> ? ' ness secured I�erel>y, unless such proceeds �u•c su(ticient to discharge ihe entire indeUtedness and
<br /> all pi•oper costs and expenses secui•ed tltereby.
<br /> ` 3. If the total of the pay�nents madc by the �1lortgagor under ( a) of pnragraph 2 preceding sliall
<br /> exeeed the amount of payments aetuaily macie by the Aloi•tgagee, as trustee, for gtround rents, taxes anci
<br /> '• assessments or insurance premiums, as the case may be, such excess shall Le credited by the ➢iortgagee
<br /> �� on subsequent Fa;anents to be made by the ➢fortgaeor for such items or, at ➢'fortgagee's option, as trustee,
<br /> s shall be refunded to �lortgagor. If, ho�cever, such monUily paymenks sh.�ll not ue sutncicnt to pay suci�
<br /> r items when the same shall become due and payable, the�i the ➢iortgagoi• shall p.iy to the 14iortgagee, as
<br /> trustee, any amount necessary to make up the deficiency �sithin thirty ( 30) duys after �crit 'ten notice from
<br /> ` : the Diortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br /> the \fortgagor shall tender to tiie Riortgagee, in accorda�ice �ti• itli the pi•ovisions of tfie tiote secui•ed
<br /> hereby, full payment of the entire indebtcKlness re1>�'esented thereby, the Btoi•tgagee, sis tivstee, shall,
<br /> � in computing ti�e �mount of such indebtedness, credit to the account of the biortgagor any� credit balance
<br /> accumulated under the provisions of ( a) of paragraph `L hereof. If there shall be a default undcr any
<br /> of the provisions of this mortga�e resulting in a public sale of the premises coverecl hereby, or if the
<br /> lfortgagee acquires the property otherwise after default, the Aiortgagee, as trustce, shall apply, at the
<br /> time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br /> � amount then remaining to credit the niortgngor under (a ) of pai:zgraph 2 preceding, :ss a credit on the
<br /> intec•est accrued and unpaid and thc balance to the principal then remaining unpaid on said note.
<br /> � .,.
<br /> ` 4. The lien of this instrument shal( remaiv in full force and effect during any postponement or exten- -
<br /> �ion of the time of paymerit of the indebtedness or any part thercoF secured hereby. � :"'
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<br /> ' S. Iie �riil pay all ground rents, taxes, assessments, �sater rates, and other governmental or munici- .
<br />' ` pal charges, fines, or impositioiis, levied upo�i said premises and that hc �eill pay all taxes levied upon this TM ' *
<br /> mortgage, or the debt secured thereb}•, together �rith nny othcr tnxes or assessmeuts �rhich may Ue levied �W�
<br />� under the la�rs of Nebraska against Hie \Iortgagee, or tlie le�al holder of said principal nutc, on account of
<br />;,��3this indebtedness, exce t n�hen 1� ment For all such items has theretofore bcen made u �ider ( a ) of 1ia
<br /> h. P P� .' n ., _
<br />=�"� graph 'L hereof, and he �rill promptly delicer the oflicial receipts therefor to the \Iort�agee. !n default
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<br />' ' thereof the ,llortgagce may pa}• the same.
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