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<br />�� ' TO T-IAVG nNn To HoLn the same mito the nfortgagee, as fierein provided. Mortgogor represents to,
<br /> aud covenants with, the Mortgagee, that the n'foi•tgagor has good right to sell �u�d convey snid premises ;
<br /> that they are free from encumbrance, except as hereinother�aise recited ; thlt the b'fortgagor ��'iIl warrant
<br /> and defend the same against the lawful clnims of al! persons �+�homsoevcr. Aloi�tgagor hereby relinquishea
<br /> all rights of homestead, all maritul rights, either in law or in equity, and all other contingent interests of
<br /> the Afortglgor in und to the aboae-described premises. �
<br /> PRovtDEn AL�vnYs, and these presents are executed and delivered upon the following conditions, to
<br /> wit :
<br /> rlortgagor ugrees to pay to the h4ortgugee, or order, the aforesaid principal sunt with interest from date
<br /> at the rnte of � ' ght and One-Ha1�'�er centum ( g • 5 % ) p�i���u�}�g���� un�z�����la��r� i�til��akd.
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<br /> The snid principal and interest shull be payable 1t the ofCice of of Lincoln
<br /> a 9n Nebraska , or at such other ptace as the holder of the note may designate in
<br /> writing delivered or mailed to the Dlortgagor, in monthly installments of One hundred sixty- sir. and 86/l00 - -
<br /> Dollnrs ($ 166 . 86 ) , commencing on the Fiist day of JulY , 1976 , and continuing on
<br /> the first day of each montlt thereafter witil snid note is fully paid, except that, if not sooner paid, the final
<br /> payment of principal and interest shnll be due nnd payable on the first day of J�uie , 2006 ; ali
<br /> according to the terms of n cert�lin promissoi•y �iote of even date lierewith executed by the snid Mortgagor.
<br /> � The Mortgagor further agrees :
<br /> 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 thnn the amount of m�e
<br /> '3 installment, or one hundred dollars ($100 .00) , whichever is less. Prepayment in fiill shull be credited on
<br /> � the date received. Partiai 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 prepayment, whichever is earlier.
<br /> ,� 2. Together with, and in addition to, the monthly payments of principal and interest payable under
<br /> : the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, ( under the terms of this
<br /> `i trust as hereinafter atated) on the first day of each month until said note is fully paid :
<br /> ,� (a) A sum equal to the ground rents, if a�i3�, next due, plus thc premiums that will next become due
<br /> �; and payable on policies of fire and other hazard insurance covering the mortgaged property,
<br /> °� plus taxes aiid assessments next due mi the mortgaged property ( till as estimated by the Mort-
<br /> '� gagee, and of ���hich the ➢lortgagor is notified ) less all sums already �aid therefor divided by
<br /> °,� the number oY months to elnpse before one mouth pi•ior to the date �shen such ground rents,
<br /> 4 premiums, taxes and assessments «�ill become delinquent, such sums to be heid by Mortgagee
<br /> � in trust to p:iy said ground rents, premiums, taxes and special assessments.
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<br /> ( b ) The aggregate oF the amounts pa�•able piu�suant to subparagraph (a) and those payable on the
<br /> ; ' note secured hereb��, shall be paid in a single payment each month, to be applied to the follotiv-
<br /> ing items in the order stated :
<br /> i" : ( i ) ground rents, taxes, assessments, fire and other hazard insurunce premiums ;
<br /> ( [[ ) interest on tlie note secured hereby ; and
<br /> y ` ( t1[ ) amortization of the principal of said note.
<br /> F' Any deficienc�• in the amount of nny such a�gregate mmrthly payment shall, unless made good
<br /> �, ' U}• the Jlortgagoi• prioi• to the due date of the next such payment, constitute nn event of default
<br /> ;: I, under this mortgage. �t :\fortgagee's option, ,llortgagor will pay a "late charge" not exceed-
<br /> ing four per centum (�1 �'� ) of any installment ���hen paid more than fifteen ( lo ) days after the
<br /> due date Uiereof to coeer the extra expense imoh�ed in handling delinquent payments, but such
<br /> "late charge" shall not be pa�•able out of the procceds of any sale made to satisfy the indebted-
<br /> ness secured hereby, unless such proceeds are sufhcient to discharge the entire indebtedness and
<br /> ; all proper costs and expenses secured thereby.
<br /> � '. 3. If the total of the payments made by the i�Sortgagor under (¢) of paragraph 2 preceding shal]
<br /> ,` ` exceed the amount of payments actually� made by the 1lortgagee, as trustee, for ground rents, taxes and
<br /> assessments or insurance premiums, as the case may be, such excess shall be credited by the I14ortgagee
<br /> on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br /> ahall be refunded to D4oi�tgagor. If, however, such monthly payments shall not be sufficient to p�y such
<br /> items �vhen the same shall become due and paynble, tlien the Diortgagor shall pay to the ivfortgagee, as
<br /> � ' tivstee, any amount necessary to make up the deficiency ���ithin thirty ( 30) da�•s after �eritten notice from
<br /> the Mortgugee atating the amount of the deficiency, which notice may be given by mail. If at any time
<br /> the Mortgagor shal! tender to the hlortgagee, in accordance ���ith the provisions of the note secured
<br /> � hereby, full payment of the entire indebtedness represented thereby, the lfortgagee, as trustee, shall,
<br /> in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit bulance
<br /> t: accumulated under the provisions of (¢) of paragraph 2 hereof. If there shall be 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 /> � • ?�iortgngee acquires the property otherwise after defnult, the :lfortgagee, as tivstee, shall apply, at the
<br /> time of the commencement of such proceedinga, or at the time the property is otherwise acquired, the
<br /> amount then remaining to credit the ➢iortgagor under (a) of paragraph 2 preceding, ns 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 shail remain in full force and effect during any postponement or exten- . _. I - , . ; -
<br /> sion of the time of payment of the indebtedness or any part thereof secured hereby. '�'� "
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<br /> o. He will pay a11 ground rents, taxes, assessments, «�ater rates, and other govei•nmental or munici- t � '.
<br /> pal chnrges, fines, or impositions, le��ied upon said premises and that he �vill pay all taxes leeied upon this � �� r
<br /> mortgage, or the debt secured thereby, together �sith any other taxes or assessments «•hich may be levied c.: ;
<br /> under the la�vs of Ne6raska against the Mortgagee, or the legal holder of said principnl note, mi account of �A
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<br />�� this indebtedness, except �ti�hen payment for all s��ch items has theretofore been made under ( a ) of para-
<br /> F�'�+ graph 2 hereof, and he «�ill promptl�� delieer the ofiicial receipts therefor to the \Iortgagee. Li default
<br />,'��'�:� thereof the Mortgagee may pay the same.
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