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<br />-� 'Cp IIAVE �1vn '1'u 11oLn Uic tinuu� untu tlic Aturt �;ngcc. ;!.e I � �� r�rin ; , rnci� lril . ilurtt:•�lsnr n� pr� �sonts tu,
<br />� ;u��l �u�eni�uts trith , the �\iuri};a�,rce, tltttC the Dlurtg;i};'ur has goo� l ri ;,�lit tu srll and cuuao�' suid ��ccmisc� ;
<br /> that thet- arc� free frmu cuctunbrattce, exc��pL .is herciuoUien�� i5c rci� ited ; Uiut Llu iltortqugor ��'ill ���arr�uit
<br /> and defend the smne against thc la�cfttl cluims of all pei:sous �chumsoccec. llnrt�*,ngor hereby rclinquishes
<br />�`" all rights of hontestead, all marital rights, cither in L�n� or iu eyui�y, .u�d ail otlter contingent iuterests ol'
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<br /> the �iortqaqm• in and to 4he abo�e-described premises.
<br /> � YROVi��� AL�vaYs, aud these presents nre executed and deli��cred upon the follo�ving conditiuns, to
<br /> 1i'lt :
<br /> D'fortgagor agrees to pay to tlie lfortgagee, oi• ordei•, the lforesaid pi•incip.il siun with interest from d:�te
<br /> at the rnte of �ight & One-lialf pei• ceiitum ($ • 5�qo ) per annwn on the u�ipaicl balance w�til puid.
<br /> The said principal and i�itei•est sliall be plyable at tlie ofiice of 1�anco Mortgage Company
<br /> in Waterloo , Iowa , or at sucli otiier pltice as tlie liolder oF the note mny designate iii
<br /> writing delivered or mailed to tl�e \fortgngor, in montlil,v installments ofTwo liundred Thirty - & 70/ 100
<br /> e Dollars ($ 230 . 70- - - - -� , ��mmencing on tl�e first day of August , 1�J 76 , and continuing mi
<br /> � the f9rst day of each month thereafter until saicl note is fully �iaid, except that, if not sooner ptucl, the final
<br /> payment of principal und interest sh111 be due .uid payable on the (irst day of July , 2006 ; all
<br /> according to the terms of a certain promissory� note of even date here�+�ith executed by the sttid Mortgagor.
<br /> The Mortgagor further agrees :
<br /> 1. He �vill pay the iudeUtedness, as hereinbefore provided. Privilege is reserved to prepay at nny
<br /> lime, without pretniwn oc fee, the entire indebtedness or any part thereof not less thun the amotmt of one
<br /> r installment, or one hundred dollazs (�100.00), whichever is less . Prepayment in full shall be credited on
<br /> k the date received. Partiui prepayment, other than on an installment due date, need not be credited m�til
<br /> s the next following installment due date or thirty days after such prepayment, whichever is earlier.
<br /> �' 2. Together with, and in addition to, the mouthly payments of principal and interest paynble under
<br /> the terms of the note secured hereby, lfortgagor ���ill pay to hiortga�ee, <is trustee, ( under the terms of this
<br /> � truat as hereinafter stated ) on the first day of each month until said note is fully paid :
<br /> �5 (a) A sum equal to the ground rents, if anp, next due, plus tlie premiums that �vill next become due
<br /> and payable on policies of fire and other hazard insurnnce covering the mortgaged property,
<br /> plus tlxes aud assessments next due mi the mortgnged property ( till ns estimated by the Niort-
<br /> :; gagee, nnd of ��•hich the lfortgagor is noti (ied ) fess all sums alread,v Paid therefor divided by
<br /> the number of months to clapse before unc mo�itli prior to Uie date n�hen such �round rents,
<br /> premiums, tlxes and assessments ���ili bccome delinquent, sudi sums to be held by DSortgagee
<br /> � in trust to pa�• said ground rents, premiums, taxes and special assessments.
<br /> �� ( 6 ) The aggregate of the amounts pa5•able pui•suant to subpai•ngraph (a ) and tttose paynble on the
<br /> note secured hereby, sh�ll be paid in a single pnyment each mouth, to be applied to the follow-
<br /> � ing items i�i the oi•dex� stated :
<br /> " ( t ) groimd rents, taxes, assessments, fii•e nnd other hazard iiisurance pc•emiuma ;
<br /> � ( 1t ) intereston t}te note secured hereby ; and
<br /> i,
<br /> ( nc ) nmortizntion of the principnl of said note.
<br /> � Any deticienc�� in the amount of au}� such aggregate monthiy payment shall, unless mude good
<br /> � by the �Im•t�agor prior to Uie due date of the next sttch payment, constitute an event of defflult
<br /> funder this mortfilse. At .lIortgagee's option, .lIortigagor �ti�ill pay n '9nte charge" not exceed-
<br /> ing four per centum ( �1i'� ) of .u�y installmeut «•hcu paid more than fifteen ( lu ) days ufter the
<br /> due date thereoi' to co��er the extii•n expmise in��ol�•ed i�i hnndling delinqueiit payments, but such
<br /> "lnte charge" shall not be payable out of the pr�cceds of any sale made to satisfy the inclebted-
<br /> ` ness secured hereby, unless suclt proceeds �ire sutl'icient to dischnrge the entire indebtedness and
<br /> all proper costs and expenses securecl thereby.
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<br /> 3. If the total of the paytnents mnde by the �Tortgagor under ( a) of paragraph 2 preceding sliall
<br /> exceed the amount of payments actually made by thc ilfortgagee, as trustee, for ground rents, taxes anci
<br /> assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br /> �; on subsequent payments to be made by the Bfortgngor for sucii items or, at 1lortgagec's option, as trustee,
<br /> shall be refunded to �fortgagor. If, however, such monthly payments shall not be sufficient to pny such
<br /> items when the snme shall become due and payable, lhen the lfortgagor shall pay to the blortgagee, as
<br /> trustee, any lmount necessary to mnke up the deficiency «•ithin thirty ( 30 ) days after �ti�i•itten notice from
<br /> the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br /> the hiortgagor shull tender to the Rfoi�tgagee, in accordance «�ith the provisions of tite note secured
<br /> _,. hereby, full payment of the entire indebtedness represented Lhereby, thc ;liortqagee, :is trustee, shall,
<br /> in computing the amount of such indebtedness, credit to the account of the liortgagor any credit balance
<br /> � accumulated under the provisions of (a ) of parngraph 2 hereof. If ihere shnll be a default under any
<br /> � of the provisions of this moi�tgage resulting in a public sale of the premises covered hereby, or if the
<br /> Diortgagee ttcquires the property otherwise nfter dcfault, the .11ortgagee, as ti•ustee, shall z;pply, nt 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 hfortgngor under (a ) of paragraph 2 preceding, as a credit on the
<br /> interest accrued and tmpnid and the balance to the principal then remaining unpaid on said note. ;
<br /> 4. The lien of this instrument shall remai�i in fall foi•ce and effect during any postponement or exten- �"�'' �
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<br /> I sion of the time of pa}�ment of the indebtedness or any part thereof secured hereby. � �
<br />� L �i. He �sill pay IIII b��OUIICI 1'�IltSr taxes, assessmeuls, ���nter rates, and other governmental or munici-
<br />� pal churges, fines, or impositions, levied upon said premises nnd th:t he ���ill nny all t:ises levied upoii tfiis n �
<br />;�:� mortgage, or the debt secured thereb}•, toKether «� ith any other taxes or assessments «•hich may be levied �
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<br /> i?; under the la���s of Nebraska aguinst the AIm•tgagce, or tlie legcil holdei• of said princip:il note, un ticcomit of
<br />:� this iudebtedness, except «'hen paymeut for ail such items has theretofore Ucen made tmder ( i� ) of para-
<br />;=;.� graph 2 hereof, and he ���ill promptly delicer lhe o(Iici�il receipts therefor to the �[ortgagee. In default
<br />=-� thereuf�the Moi.tgagce may� pay the same.
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