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<br /> TO Hnvt aND To HoLD the eame unto the nlortgagee, as herein provided. Mortgagor represents to,
<br /> aud coventtnts with, the Mortgaqee, thnt the 1�lortgagor has good right to sell and convey saici premises ;
<br /> that they are free firom encumbrance, except as hereinotherwise recited ; that the Mortgagor �vill warrant
<br /> und defend the same against the lawful claaims of ail persons wtiomsoever. ➢Iortgagor hereby relinquishes
<br /> all righta of homestead, all marital rights, either in la�v or in equity, and all other contingent interests of
<br /> ' the Mortgagor in and to the above-described premises.
<br /> PROVIDED ALWAYS, and these presenta are executed and delivered upon the following conditione, to
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<br /> hlortgagor agrees to pay to the hiortgagee, or order, the aforesaid principal sum with interest from date
<br /> ut the rate of Ei�ht and One-Hali' Per centum ( a , y-;a � Pg�rnr�u�e°c�es�a�7.°�avdrib�alaanc3u�oa�ii11�Associ.ation
<br /> The said principal and interest shall be plynble at the of�ice of
<br /> of L ' i ln
<br /> in Ptebrasi:a , or at such other place as the'lio�l�er of the note may de�ignate in
<br /> writing delivered or mniled to the �iortgagor, in monthly installments of Tyro hun�ed seventy-nine and 89�1OG
<br /> Dollars ($ 279 • a9 ) , commencing on the first d1y of J�Y , 19 7 ' , and continuing on
<br /> the first day of each month tliereafter until said note is fully paid, except that, if not sooner paid, the tinal
<br /> payment of principal and interest shnll be due and payable on the first day of June , 2006 � a»
<br /> according to the terms of a certain promissory note of even date here�vith executed by the said 11'Iortgagor.
<br /> The Mortgagor further agrees :
<br /> 1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br /> time, �vithout premium or fee, the entire indebtedness oi• any part themof not less than the amount of one
<br /> installment, or one hundred dollare ($100.00) , whichever is less. Prepayment in full shall be credited on
<br /> the date received. ParEial 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 eazlier.
<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 �vil! pay to Mortgagee, as trustee, ( under the terms of this
<br /> truet 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 any, next due, plus the premiums that �;�ill next become due
<br /> ; ' and payable on policies of fire and other hazard insurance covering the mortgaged property,
<br /> ` ' plus taxes and assessments next due on the mortgaged property ( all as estimated by the \�fort-
<br /> gagee, and of «�hich tlie Mortgagor is notified ) less all sums already paid therefor divided by
<br /> the number of months to elapse befoi•e one month prior to the date «•hen such ground rents,
<br /> r+ ` premiums, taxes and assessments «�ill becume delinquent, such sums to be held by Mortgagee
<br /> in trust to pa�• said ground rents, premiums, taxes and special assessmenta.
<br /> ( b ) The aggregate of the amounts payable pursuant to subplragraph (a) and those payable on the
<br /> note secured hereby, shall be paid in a single payment each month, to be applied to the foilow-
<br /> � ` ing items in the order stated :
<br /> � ( t ) gi•ound rents, 'tases, assessments, fire and other hazard insurance premiums ;
<br /> �. Qi ) intei•est on tlie note sectired hereby� ; and
<br /> � ( itt ) 1mm•tization of the principal of said note.
<br /> elny deficienc�• in the amount of �ny such aggregate monthly payment shalt, unless made good
<br /> � by the �Iortgagor prior to the due date of the next such payment, constitute an event of default
<br /> ` ' under this mortgage. At i�Iortgagee's option, liortgagor ���ill pay t� '9ate charge" not exceed-
<br /> ing four per centum ( 4 �'c ) of any installment �rhen pnid more than fifteen ( 15 ) days after the
<br /> � due date thereof to coeer the extrn expense in��olved in handling delinquent payments, but such
<br /> '9ate charge" shall not be payable out of tiie pi•oceeds of any sale made to satisfy the indebted-
<br /> ness secured liereby, wiless such proceeds are su(ficie�it to discharge the entire indebtedness and
<br /> " all proper costs and expenses secured thereby.
<br /> 3. If the totul of the payments made by the hfortgagor under ( a) of plragraph 2 preceding shall
<br /> ° exceed the amount of payments actually made by the ltortgagee, as trustee, for ground rents, taxes and
<br /> � < assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br /> ; on subaequent paymenta to be made by the Mortgagor for such items or, nt Mortgagee's option, as trustee,
<br /> shali be refunded to :1foi�tgagor. If, however, such monthly payments shall not be sufficient to pay such
<br /> items when the same shall become due and payable, then the biortgagor shall pay to the Mortgagee, as
<br /> , ' trustee, any amount necessary to make up the deficiency «'ithin thirty ( 30) days after ��•ritten notice from
<br /> the Mortgagee stating the amount of the deflciency, �ehich notice may be given by mail. If at any time
<br /> ' the Mortgagor shall tender to the Mortgagee, in accordance «�ith the provisions of the note secured
<br /> { hereby, full payment of the entire indebtedness represented thereby, the liortgagee, as trustee, shali,
<br /> in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br /> x uccumulated under the provisions of (a) of paragraph 2 hereof. If there ehall be 1 default under any
<br /> of the provisiona of this mortgage resulting in a public sale of the premises coverecl hereby, or if the
<br /> Mortgagee acquires the property otherwiae after deflult, the 1lortgagee, as trustee, shall apply, at the
<br /> r ' time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br /> amount then remaining to credit the ltortgagor under (a) of paragraph 2 preceding, as a credit on the
<br /> interest accrued and unpaid and the 611ance to the principal then remaining unpaid on snid note. �
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<br /> 4. The lien of this instrument shall remain in full force and effect during nny postponement or exten- N ;;,�
<br /> sion of the time of payment of the indebtedness or any part thereof secured hereby. y �'
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<br /> 5. He `i�ill pay all ground rents, taxea, assessments, �satier rates, atid other governmental or munici- �; '
<br /> pal charges, fines, or impositions, le��ied upon said premises and that he �aill pay all taxes levied upon this �. {
<br />�-,;� mortguge, or the debt secured thereUp, together �sith any other tttxes or assessments «�hich may be levied �
<br />'"��- under the lawa of Nebraska againet the :�fortgagee, or the lega] ho]der of said principll noCe, on account of
<br />�� this indebtedness, except �+•hen payment for all such items has theretofore been made under ( a ) of para-
<br />;�� gruph 2 }tereof, and he will promptly deliver the oflicill receipls therefor te tlie �Iortgagee. In default
<br />_'-• thereof the Mortgagee may pay the same.
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