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<br />,� 76- n () ,� 146
<br />� TO HnvE nNn To Fio[.D the same unto the hiortgagee, as hei•ein provided. i�Sortgagor represents to,
<br />' and covennnts with, the Mortgagce, that the 11foi•tgagor l�ns good right to sell a�id convey said premises ;
<br /> � that they are free from encumbrance, except as hereinother�sise recited ; that tlte Mortgagor ���ill warrant
<br /> and defend the same against the la���ful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br /> ; I all rig}its of homestead, all mai•ital riglits, eiCher iii la�v or in equity�, and all other contingent iriteresCs of
<br /> the I�fm�tgagor iu and to the above-described premises.
<br /> YRovroEn AL�vals, and tliese presents are executed and delivered upon the following conditions, to
<br /> wit :
<br /> Alortgagor agrees to pay to the Mortgagee, or order, the nforesaid principal sum with interest from date
<br /> at the rate of Ei�ht and One I�alf per centum ( 8 . 5 i'o ) P F rst rederal S�a angsa nnd L an 1��
<br /> The said principal and interest shall be payable at the ollice of � s ia{�_, n of Linc ln
<br /> ; . �n I4ebraska , or at such otlier pluce as tl�e�io�c�er o}tqie note may �es�gnate in
<br /> S writing delivered or mailed to the niortgagor, in montiily installments of One Hundred Porty Sir. and 10/100
<br /> Dollars (� 146 . 10 ) , commencing on the fii•st day of August , 19 76 , and continuing on
<br /> the first d1y of each month thereafter until said note is fully pnid, except tliat, if not sooner paid, the tinal
<br /> - . payment of princip�l and interest shall be due sind pay<�ble on the first day of July 2006 ; �ll
<br /> accordin� to the terms of a certain promissory uote of even date here�vith executed by the said 111ortgngor.
<br /> The Moi•kgagor fin�thcr agrees :
<br /> 1. He will pay the indebtedness, as hereinbePore provided. Privilege is reserved to prepay at any
<br /> time, witltout premium or fee, the entire indebtedness or any part thereof not less than the amount of mic
<br /> installment, or one hundred dollars ($100.00), whichever is less. Prepayment in full shall be credited on
<br /> the date received. Partial 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, ➢Iortgagor will pay to hiortgagee, as ti•ustee, ( imder the tei•ms of tliis
<br /> ' trust as hereinafter stated) on the first day of each month until said note is fully paid :
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<br /> (a) A sum equal to tl�e grouitd i•ents, if an}�, �iest due, plus the premiums that ���ill next become due
<br /> ,-, and payable on policies of fire and other hazard iusurauce covering the mortgaged property,
<br /> plus taxes and assessments next due on thc mortgaged property (all as estimated by the ➢4ort-
<br /> gagee, and of ��9iich the Rfortgagor is notified ) less all sums already pnid therefor divided by
<br /> - tlie number of months to clapse before one month prior to the date «�hen such ground rents,
<br /> � premiums, taxes and assessments «�iU become delinquent, such sums to be held bY Mortgagee
<br /> � in trust to pay said grouncl rents, pi•emiums, tases and special assessmeiits.
<br /> ( 6 ) The aggregate c�f the aniouuts payable pursuant to subparagraph (ca) and those payable on the
<br /> note secured hereby, shall be paid in a single pa��ment each month, to be applied to the follow-
<br /> ing items in the order stated :
<br /> ( i ) groimd rents, taxes, assessments, fire and other hazard insurnnce premiuma ;
<br /> ( 1I ) interestonthenotesecuredhcreby ; and
<br /> ( �1t ) amortization of tilc principal of said note.
<br /> � Any deticienc�� in the amount of �n}' such 8gbregate tnonthly payment shall, tmless made good
<br /> i by the DIortgagor prim• to the dne d.ite of the next such payment, constitute an event of default
<br /> under this mortgage. At :\Iortga�ee's optiun, .11ortgagor «�ill pay a "late charge" not exceed-
<br /> ing four per centum ( d ',': ) of any installment �rhen pnid more than fifteen ( 15 ) clays after the
<br /> � due date thereof lo coeer the eatra expense invoh�ed in handling delinquent payments, but such
<br /> ; "11te chaige" shall not bc pa}•xblc ouC of the proceeds of any� sale made to sntisfy the indebted-
<br /> ❑CSS SC'CUl'Cf� IlCl'C�}�� tmless such proceeds are sufticient to discharge the entire indebtedness and
<br /> � all proper costs .md expenses secured thereby.
<br /> ; 3. If the total of the payments made by the nfoi�tgagor wider (a) of paragraph 2 preceding shall
<br /> exceed the amount of payments actually made by the lfortgagee, as trustec, for ground rents, taxes and
<br /> � lssessments or insurance premiums, as the case may be, such excess shall Ue credited by the 11�ortgagee
<br /> on subsequent payments to be made by the blortgagor for such items or, at Mortgagee's option, as trustee,
<br /> shall be refunded to �tortgagor. If, however, such monthly payments shall not be sufficient to p1y such
<br /> items when the same sh:�ll become due and payable, tften the �Iortgagor shall pay to the ➢iortgagee, as
<br /> � tivstee, any amount necessary to mlke up the deficiency «�ithin thirty ( 30 ) days after «��•itten notice from
<br /> the Mortgagee stating the amount of the deficiency, which notice mny be given by mail. If at any time
<br /> k the 1liortgagor shall tender to the 1lfortgagee, in accordance ��•ith the provisions of the note secured
<br /> hereby, full paytnent of the entire indebtedness represented thereby, thc \Iortgagee, as trustee, shall,
<br /> j in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br /> : accumulated under the provisions of (a) of paragraph 2 liereof. If there shall be a default under any
<br /> of the provisions of thia mortgage resulting in a public snle of t}ie premises covered hereby, or if the
<br /> � Mortgagee acquires thc property othenvise after defnult, the 1lortgagee, as trustee, shall apply, at thc
<br /> time of the commencement of such proceedings, or at the time the property is other���ise acquired, the
<br /> ` amount then remaining to credit the 1lfortgagor under ( a) of paragraph 2 preceding, as 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 tliis instrument shall remain in ful! force and efFect during any postponement or exten- =� �' '�� �
<br /> I sion of the time of payment of tlie indebtedness or a�iy Part tliereof secured hereby. � '
<br /> � L 5. He «•ill pay all ground rents, laxes, assessments, «'ater rates, and other govei•timental or munici-
<br />� pal charges, f9nes, or impositions, Ievied upon said prnmises an d t ha t he ���i ll pay a l l t fl�e s l e v i c d u p o n t h i s ,,�.
<br />+;� mortgage, or the ..ut secured thereUy, together ��•ith any other tases or nssessments �chich may be levied �
<br />� under the laws of Nebraska against the \Ioi•tgagee, or the legal ftolder of said principal �iote, o�i nccount of
<br />`';;� this indebtedness, except ���hen payment for all such items has theretofore been made wuler ( a ) of para-
<br />.:�� grnph 2 hereof, and he n'ill promptly deli�•er the oflicial receipts tlterefor to the :�iortgagee. In default
<br />'��x thercof�the MOrtgngee may pay the same.
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