|
� t 1t` ~, ,
<br />� .,. � _ r� �
<br /> TO HAVE AND TO IIOLD lhe Bame unta the Dtortgagce, as herein provided. lturtgagor rnpresenls tu,
<br /> �: and co��ennnts witl�, tlie lZurlgagce, thaC Uie nta•lgagor has goud ri�ht to seil and cunvey said pmmises :
<br /> that they are free from encumbrance, except as h��reinothcr���ise recited ; th�it the ➢iortga�or �rill ���r�rrant
<br /> and defetid the sanie against tltr. la���f ul ciaims of all persims �shmnsoe��cr, htortgaqor hemb,y i•elinyuiahes
<br /> � all rights of liomestead, a11 msritail rf�hts, ciLher in la��� or in e��uit}•, :�nd all otlter contingent inte���sts of
<br /> the 1linrtq�agor in �nd to thu ubo��e-described premises.
<br /> ,.
<br /> YROVIDED Ab�vnYs, xiid ti�ese presetits nre exec.uLed aiid delivered apo�i Lhe following co�iditions, to
<br /> �rit :
<br /> 1lortgagor �g�•ees to pay to the Rlortttagee, or o�der, the :tfmrsnid principal sum ���iNi interest from dnte
<br /> at the raCe of l�i�tat and One -H1a1S per cenl;um ( t�;l ^,c ) per,annum on the tmpaid balance until p:ud
<br /> Tite said En•incipal nnd interest sliall bi p�tyaUle at tlie otlice of ��rY,itl��u'�`ir�� ��tvii��;:; and Loan A � ;�eca.ation
<br /> in t��ebracica , or cit such other place as the holder of the nole m.�y designate in
<br /> ���riting delivei�ed or mailed to the A[ortgagor, in monthty instaliments of 2�wo lna�idre3 fourY,c�n ,�nct `i3 j 100- - - '
<br /> pollnis ($ 21�+ . 5� ) . commencing on the first day of ,�uly , i'J �T6 , .tnd conttnuiu� on
<br /> I the tirst day of each month thereatter until �aid note is fuily paid, �xcept tLat, i£ uot sooner paid, the finail
<br /> paymeut of principal and interest sh;ill be dae nnd �>a.Yable �m the first day of duue . 2ikxi ; all
<br /> accarding to the terms of a cert�iiu promissor�� nute ot e�•en date here���ith ekecuted ln� the said �turlgagor.
<br /> Tlie Tiot�tgagor turtlicr ag�res :
<br /> i. Iie ��i4 pay the inilebtednes9, as liereinbeforc pim�ided. Privilege ia reser�•r.d to prepay at �ttt�-
<br /> time, ��•ithout premiam or fce, tlie entire indebte�in��ss or �mv pairt tiureof not less than the amow�t of one
<br /> iustallment, oc one hundred doliars ($ 10U.00 ) , ���hichever is less. !'rep:tyment in full shnll be �trdited on
<br /> the dnte recefved. Partial prepayment, other than on an installment due date, need not be cirdiled until
<br /> the next following installment due date or thirty days after such prepayment, whichever is earlicr.
<br /> 2. Togctl+er ��•ith, and in aiddition to, the monthly paymeuts of principal and inteihst p,i5•abie uudm�
<br /> tlie terms af the note s��cuttid hereby, Atortgagur o• ill pay to :1lorty�ag��+, :is trustce, ( under the lerms of lhis
<br /> trust as heceinafter state.ui ) on tlie first day of eacli mmitli mitil said note is flilly paid :
<br /> (n) A awn equal tu the grouiid rents, if aiig, iiexL due, j)IU9 tll0 p�r.miums that wili iiext h��come due
<br /> :xttd p�t�c�bie ��n policies of tirc and oiher hazaid iiisur�nce co��ering tl�e �ttortgagtd property,
<br /> plus t:axes �and assessments nert due on ihc moriunged property ( all ns eatimated b�= the \iort-
<br /> 't gugee, nnd ol' ���hich the biurtg�a}ror is notified ) less all smns ah•eaci�• paid thereY'or di��ided by
<br /> the tttunbcr of motttlis lo eli�pse b��[ore one mc�nkh prioi• ku th� da�e ���hen sucli ground rents,
<br /> premiums, ta�es �iud assessnunts ���ill �}ecume delinyuent, siicl� auros to Ue helci by 11Surtgaqee
<br /> in trast to pa>• said grouuct renfs, prc�niunts, taxes aud speciai assessments.
<br /> ( 6) The a�regate of the »mnmits pa��abie ptnsuiuit to subp�ra�araph ( a) fttll� CIlOBC �:lJ�able on tlte :
<br /> note secured hereb�•, skall uc p,�id in a sin�ic pa�•mcnt ench month, to ba applied tu tlie folio��•-
<br /> ' iug itc�ns in the order 9tated :
<br /> ( 1 ) grotmd rents, ta�es, .�ssessutenis. lire and c�Uier hnzarci insurance ptrntiums ; _
<br /> ( �t ) intcrest on llm noke secured heirb�• ; ;md
<br /> ( ti[ ) amurtization of tlie princip;il of said iiat��.
<br /> ' rlttt' dr�icienc)' in Llte :unmuri nf :tn>' yuch a�rgreg:tte monChi�• pa�•�urnt sli:tli, tuilesa wade goud
<br /> �` by Lhe \Iorlg:i};or prior to the du�� d;Ue ot lhe ne�t yuch p,i��ment, conatitutr an erent of defauit
<br /> �� under tl� ia mort�za�e. At Jtortga�;ce's option, \tiu�l�ngor ��•il: �,a�• :i "late cliaige" not e�cceed-
<br /> ing fbur per rvnLum ( �t "i ) cif an�� ins"t ;ill ment ��•hen pxid murc tl�;ut tiftcen ( 1G ) d:t�•s nfter tlie
<br /> , duc date thcrrof to co��cr th�� e�tra expcusc in�•oh•ed in handiin� detinqueul p:��•ments� but sucli
<br /> "late char�c" sh:til uot Ue pn�•able out of tlie prucecds of nn�• 5ale made tu s:�tisfy the indebted-
<br /> ness secured hereb��, miless such proceeds xre suttirieut to disch:u•�� the eutire indeUtednces and
<br /> y,.
<br /> all proper costs nnd e�penses �ectu•ed thereb��.
<br /> 3. If the totnl of the paymenls made b� the 1ltorlq:tqvr under ( a ) of paragraph 2 pitceding shall
<br /> eaoced the amom�t of payments actuall,v roade Uy� t.he Atortq:�g���, as trustcr, fur qrowid rents, tasrs ,tnd
<br /> assessmeuta or instu•auce premiums, ns the c�e may be, sucti ���cess shall be credited b�� the 1liortg:tKee
<br /> ' un subseyuenL p;�,vtnents to be made by lhe Dtortg:iKor for such ilc�ms or, nt rtorty,nuce's opt.ion, aa trustee,
<br /> �hnll Ix� ttifunded to Afortgaqor, If. ho���erer, sucli mottUil�• papmeitta sluill not t�e suflicient to pat• sucl�
<br /> itetns �vhen the same shali b��come duc .utd pnyablc, lhen the hlortyragor 9hull ��a�• lo the Atortga�C�x, as
<br /> ' h•ust�*e, nt�v amowit neceas,u•y lo mnlce up the deficiency ��-iUiin thirty ( 30 ) da�•s aftcr �aritten notice from
<br /> F tl�e ➢ioi�l 1
<br /> g, gee atnting the amount of the dclicicucy, ���hich nvtiee m�iy be qi�•en b�• maiL If at i�nt• tfine
<br /> ihe bioctgagor shall lender to lhe Tturtg:i�e, in accm•dauce �cith t.hr ))1'0\' 1910119 Of Glll! uute t�ecured
<br /> heiroUy, full pnyment of tlle eittire indebtcvinevs repit�sented therrby, thc 1loctk:ixeq t+s trustc�+, sliall,
<br /> iii computinK the nmouiit af aucli indebteduesa, credit to th� :iccounC c�f tl�e �iortKa�?or :iuy credit b;tl;�ncn
<br /> accutnulntsd tmder tlie pro��isione of ( c� ) of paray�•aph 2 licreof. If tlicre elinll l�e n def,uilt undc�r :iil}�
<br /> of tl�e piroviniotuv of this mortgage reaulting ite �i pubiic snle uf the preuiisca co�•er�vl hrreby�, m• if Uic�
<br /> Diortgagee nCquires the prnpm•ty othrr��•ise after deL�ull, Lhe ;lforlKa�e. i�� trustee, shall appl�•, at thc
<br /> time uf the conunencemenC of auch piviceedinK9, ur at tlie tintc tho prnpertp is uther�siae ncquired, the
<br /> +imount tlien remaining to credit the RiorlKa�;or under ( a ) oC pnraRr�ph 2 p�rcedinq, :� n credit on lhe
<br /> , :, I , , ,,
<br /> interest accrucd nnd unpaid und the bal;utcc lo the prittcipal lhen rrmninhut unpaid on snid nnte.
<br /> N � .
<br /> •1. Tl.�r. licn of this instrununt shnll rrm;iiu in full furce :utd clFrct durin� nnt• poslponemen6 or exteu- �
<br /> �� � sion uf the time of ptt�-ment of thc indubtednesa or miy p.irt thcrcof seciu•ed hcreb�•. �
<br /> �
<br /> G. Ilc ��•ill Pay all grouud renta� tasev, .�9sesenmuts, �raler r.dcs, ;wd othcr y,oeerroucnt:il vr mm �ici. it ;?
<br /> pal chnrqee, tines, ur itnpusilions, li��•icd upun s;ud p�tmiscs nnd th:it he ���ill �r,i�• all tnxe� le�•icd upon Uiis �
<br /> uwrtgn�n, or tl�e debL securcd themlit•� to{�ether n• ith any other tase3 or n�seasmeuts �� hich m,i�� be leried
<br /> undee ihe lti�ve of A'ebraslcn a�ains� tiic� AtorlgnKee. or lhe Ieytal lioldec of sai�{ �n•ineipnl nnto, on accciunt of
<br />+�' this iudeUtedneay, exci�pt o•lien p,i}•ntent for nil such items hi�s Umretufure hr��u mniie tuidrr ( ri ) ��f p,ir.�-
<br />�� .
<br />:si_ Kcnph 3 heruof, and he ��• i ; l prum�?tl�� deli��er tho nllicial rrceipla Uu�refur lu ihr :lUnrt�?a�;er, In defaull
<br /> ,`� � titernof the ➢torl�agce mii}• pa}� U�e sume.
<br /> ,� �
<br />
|