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<br /> TO HAVE AND TO IIOLD the sttltlC UntO the Mo1'tgAgec, as hercin pr��vided, l�tortgagor represents to,
<br /> and covenants with, the Mortgagee, thnt the ➢forCgagor has good right lo scll ancl convey suid premises ;
<br /> thut they are free from encumbrance, except us hercinother�vise reciCed ; that the Mortgagor ivill warrant
<br /> and defend the same ngainst the ln�vf'ul claims of ail persons whomsoever. ➢lortgagor hereby relinquishes
<br /> � all rights of homestead, ail marital rights, either in la�v or in equity, and ull other contingent iuterests of
<br /> the Mortgagor in and to the above-described premises.
<br /> PROV[DED ALWAYS, and tltese presents are executed nnd delivered upon the following conditions, to
<br /> Wlt :
<br /> Mortgagor ngrees to p�y to the Mortgagee, or order, the aforesaiid principal sum with interest f�rom date
<br /> at the rate of I? i�ht ond One Half per centum 8 • 5,0 ) pe • gnn n o the n tid, balance ntil paid.
<br /> The said rinci �al and interest shall be �� able at the o(lice of �''lrs� �� e�C era � �?avin s an� Lo� n
<br /> B 1 I Y Association oi� Lincoln
<br /> in Nebreska , or at such other place as the holder of the note mny designate in
<br /> writing delivered or mailed to the Nlort�agor, in monthly installments of One liundred Twenty One And 49/100
<br />' Dollars (� 12i . 4g ) , commencing on the first day of August , 19 76 , and continuinq on
<br /> ` the first duy of each month thereafter until said note is fully paid, except th1t, if not sooner puid, the final
<br /> nayment of principfll and interest shnll be due and plyable on the first day of Suly 2006 ; all
<br /> according to the terms of a cerf;ain promissory notc of even date here�vith executed by the suid Mortgagor.
<br /> The Mortgagor further agrees :
<br /> 1. He will pay the indebtedness, as hereinbefore pruvided. Privilege is reserved to prepay at any
<br /> time, without premium or fee, the entire indebtedness or nny part thereof not less than the amount of onc
<br /> I : installment, or one hundred dollazs ($100.00), whichever is less . Prepayment in full shall be credited on
<br /> i the date received. Paztial prepayment, other than on an installment due date, neeci 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, 11foi�tgagor �ti�ill pay to Mortgagee, as ttl�stee, ( under the terms of this
<br /> " trust as hereinafter stateci) on the first day of each month imtil said note is fully paid :
<br /> (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due
<br /> .' and payable on policies of fire and other hazard i�isui•ance covering the mortgaged property,
<br />, j plus taxes and assessments next due mi the mortgaged property ( �ll as estimated by the Mort-
<br /> gagee, and of ��•hich the Dlortgagor is notificd ) less all sums already paid therefor divided by
<br /> �: the number of months to eltipse Uefore one montli pi•ior to the date «�hen such ground rents,
<br /> r` ' premiums, taxes and assessments ��•ill become dclii�quent, such sums to be held by Mortgagee
<br /> � in trust to p1y said gi•otmd re�its, premiums, taxes a�id special nssessments.
<br /> ( 6 ) The aggregate of the amomits payable pursuant to subparagi�aph (a) 1nd those payable on tlie
<br /> note secured herebt�, shall be paid in a single pa��ment elch month, to be applied to the follo�r-
<br /> ing items in the order stlted :
<br /> ( i ) ground rents, taxes, assessments, tire and other hazard insurance premiuma ;
<br /> ( 1c ) interestonthenotesecuredhereb�� ; and
<br /> ( it[ ) nmortizatimi of the principal of said note.
<br /> Any deficicncy iu the nmount of an}� such aggregate monthly payment sh111, unless made good
<br /> f. ' by the ,lIorlgagor prior to the due date of the next sucl� pa3•ment, constitute an ecent of default
<br /> R under this mortgage. �1t llortgagce's option, \Iortgagor will pay a "late charge" not exceed-
<br /> ing fom� per centum (-! ',:f ) of any installme�it �cheu P�id more thaii fifteen ( 15 ) da�•s after the
<br /> due date thereof to cover the extra e�pense i�i�•oh�ed in handlingdelinquentpapments, butsuch
<br /> ' "late chargc" shall noC be pa}•able out of tl�c proceeds of .uip sale made to satisfy the indebted-
<br /> ness secured hereby, unless such piroceeds are sufficient to discharge the entire indebtedness and
<br /> all proper costs and expenses secui•ed thereby.
<br /> 3. If the total of the payments made by the 1Sortgagor under (n ) of parlgraph 2 preceding shall
<br /> exceed the amount of payments actually made by thc 1ltortgagee, as trustee, for ground rents, taxes and
<br /> assessments or insurunce premiums, as the cuse may be, such excess shall be credited by the ;lfortgagee
<br /> on subsequent payments to be made by the Mortgagor for such items or, at 1lfortgagce's option, as trustee,
<br />/ shall be refunded to illortgagor. If, however, such monthly payments shall not be sufficient to pay such
<br /> itetns when the same shall become due and payable, then the hiortgagor shall p�iy to the Dfortgagce, as
<br /> � tivstee, any amount necessary to mnke up the deficiency �rithin thirty ( 30 ) days after u�ritten notice from
<br /> the hiortgagee stating the amount of the deficiency, �vhich notice may be b�ven by m�il. If at any time
<br /> the Il4ortgagor ahall tender to the llortgagee, in nccordaiice ��•ith the provisions of the note secui•ed
<br /> ' hereby, full payment of the entire indebtedness represented thereby, the \fortgagee, as trustee, shall,
<br /> � �.
<br /> in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br /> accumulated under the provisions of (¢) of paragraph 2 hereof. If there shall be n default under any
<br />� ` of the provisions of this mortgnge restilting in a public sale of the premises covered hereby, or if the
<br /> s Mort a ee nc uires the ro ert otherwise after defnult, the .liort a ee, as trustee, shall a 1 � it the
<br /> S S 4 P P Y K S PP S , <
<br /> time of the commencement of such proceedings, or at the time tlie property is other�vise acquired, the
<br /> � amount then remnining to credit the ➢Zortgagor under ( ¢) of pnragraph 2 preceding, ns a credit on the
<br /> i interest accrued [tnd unpaid and the ballnce to the principal then remaining unpaid on said note. �
<br /> � 4. The lien of this instrument shall remain in full force and effect during any postponement or exten-
<br /> � sion of the time of payment of the indebtedness or any part thereof secured hereby.
<br /> 5. Ae �vill pay all ground rents, taxes, assessments, ���ater rates, and other governmental or munici-
<br /> � ` pal charges, fines, or impositions, leeied upon said premises and that he «•ill pay all taxes levied upon this
<br /> � ��� mortgage, or the debt secured thereby, together u•ith any other taxes or assessments «�hich may Ue levied
<br /> ..��y„r under the la�ss of Nebraska against the ➢Iortgagee, or thc legal holder of said principa] note, on account of
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<br />� "��i�, this indebtedness, except �ti•hen payment for all such items h�s theretofore been made under (a ) of para-
<br /> , , R�.;�if. graph 2 hereoF, nnd he �vill promptly delicer the official i•eceipts tlierefor to tlie \fortgngee. Li default
<br /> -�;h';=':t thereof the Mortgagee map pay the same.
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