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<br /> 76- r103287
<br />� . To HAVE nN� 'Po Hot.0 the same unto the Mm•tgagce, as herein pro��ided. Mortgagor represents to,
<br /> 1nd covenants with, lhe Mortgagee, that Clie Ntoi•tgagor has good i•ight to sell and convey s�id premisey ;
<br /> that they are free from encumbrance, except as hereinotiher�rise recited ; tl�at the Mortgugor «�ill ���arrant
<br /> and defend the same ngninst the kn+�ful claims of all persons wltmnsoever. Dlortgngor hereby relinquishes
<br /> � all rights of homesteld, ull marital rights, eithm� in la�v or in ec�uitY, and all other contingent interests of
<br /> the l�iortgagor in and to the above-described premises.
<br /> � YROVIDF.D AhWAYS, S1I1CI tJ1CSC pl'BSCIltS tll'C @X�CUtC(I al]a de] ivei•ed upon the following conditione, to
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<br /> Mortgagor ngrees to pay to the Mortgngee, or order, the aforesnid principal sum �vith interest from date
<br /> at the rate of right and One Half per centum ( 8 . 5i'o ) pel• i�A�rs� 1�ed�eral1�S avingsc andt1Loan
<br /> The said principal ttnd interest shnll be payable at the oflice of A soc . tion of Li coln
<br /> �n Nebraska , ur at such other place as the holc�er of �lie note may �esignate in
<br /> writing delivered or mailed to the 1lortgngor, in monthly installments of Two Hundred Thirty Light and 37�100
<br /> Dollnrs (� 238 • 37 ) , commencing on the first day of August , 19 76 , and continuing on
<br /> the first day of eacli month tliereafter until said note is fully p:tid, except thnt, if not sooner p:tid, tlie final
<br /> payment of principal and interest shall be due and payable mi the first day of Jiil y 2006 ; �ill
<br /> according to the terms of a cirtain promissory note of even date herewith executed by the said Mortgagor.
<br /> The Mortgagor fui•ther agrees :
<br /> � 1. He �vill pay the indebtedness, as hereinbef'm•c provided. Pi•ivilege is reserved to prepay at an��
<br /> time, without premium or fce, the entire indebtedness or any part thereof not less than the amowit of one
<br /> installment, or one hundred dollars ($100.00) , whichever is less. Prepayment in full shall be credited on
<br /> the date received. Purtial prepayment, other than on an insta►lment due dnte, 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 terma of the note secured hereby, 14lurtgagor wi11 pay to Mortgagee, as trustee, ( under the terms of this
<br /> trust as hereinafter stated) on the first day of each month until snid note is fully paid :
<br /> (a) A sum equal to the girowid rents, if any, next due, plus the premiums that will next become due
<br /> and payaUle o�i policies of fire and other hazard insuratice covering the mortgaged property,
<br /> 5 plus taxes and nssessments next duc mi the mortgaged property ( all as esLimated by the �lfort-
<br /> �; gagee, and of �chidi the him�tqagor is notified ) less alt sums already paid therefor divided by
<br /> the number of months to elapse beforc onc month prior to the date ��•hen such ground rents,
<br /> premiums, taxes and assessments «�ill become delinquent, such sums to be held by Mortgagee
<br /> 3. in trust to pay said ground rents, premiums, taxes and special assessments.
<br /> ( L ) The aggregate of ihe amounts payable piusuant to subpara�raph ( a) and those payable on the
<br /> `, note secured hereby, shall be paid in a single pnyment each moiith, to be applied to the follo���-
<br /> ing items in the order stated :
<br /> ( t ) ground rents, taxes, nssessments, lire and other hnzard insurance premiums ;
<br /> ( It ) interestonthenotesecuredhereby ; and
<br /> � ( III ) �unortization of the pi•incip.il of said t�ote.
<br /> � Any deficienc}� i�i the amount ot an}' such aggregate monthly payment shail, unless made good
<br /> � � by the �Im•tgagor prior to the duc date of the next such puyment, cm�stitute an event of default
<br /> under this morlgage. At \[ortgagce's option, �forCfiagor will pay a '9ate charge" not exceed-
<br /> = iiig four per ce�itum ( 4 !'� ) of any insLallmeitt �rlien paid more th<ui fifteen ( 15 ) dnys after the
<br /> y due clate thereof to co��ei• the estra ezpense in��oh•ed i �i h.uidlinq delinquent pa��ments, but such
<br /> "late chau•ge" shall not be payable out of the proceeds of auy� sale made to satisfy the indebted-
<br /> r; ness secureci hei•eby, ttnless such procceds are sullicient to discl�arge tl�e entire indeUtedness and
<br /> all proper costs and expenses sccured thereby.
<br /> �, 3. If the total of the payments made by the Mortgagor under ( n ) of paragraph 2 preceding sliall
<br /> exceed the amount of payments actually made by the Niortglgee, as trustee, for gro�md rents, taxes anci
<br /> � asaessments or insurance premiums, as the case may be, such excess shall be credited by the 114ortgagee
<br /> on subaequent payments to be made by the Mortga�or for such items or, at Mortgagee's option, as trustee,
<br /> r shall be refunded to llortgagor. If, however, such monthly payments shall not be sufficient to pay such
<br /> ` itetns when the same ahall become due and payable, thmi the lZm�tgagor shall pay to the 111ortgag��e, :is
<br /> � trustee, any amount necessaiy to make up the deficiency �vithin thirty ( 30) days after «•ritten notice from
<br /> the Mortgagee atating the amount of the deficiency, which notice may be given by maiL If at any time
<br /> the Mortgagor shall tender to the hfortgagee, in accordance «�ith Lhe provisions of thc note seciired
<br /> ^ hereby, full payment of the entire indebteclness reimesented thereb,Y, the lfortgagee, as trustee, shall,
<br /> in computing the amount of such indebtedness, cmdit to the account of the ll7ortgagor any credit balance
<br /> accumufated under the provisions of (¢) of paragraph 2 hereof. If there shall be a default under any
<br /> of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the
<br /> biortgagee acquirea the property otherwise after def�iult, the :lfortgagec, as trustee, shall npply, at the
<br /> time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br /> nmount then remaining to credit the A'fortgagor under ( a) of paragraph 2 preceding, as a credit on the
<br /> interest accrued and unpaid and the bnlance to the principal then remnining unpaid on said note. j
<br /> 4. The lien of this instivment shall remain in full force and effect during any postponement or exten- N �`'.
<br /> sion of the time of payment of the indebtedness or nny part thereof secured hereby. � , .
<br /> � � 5. He �ti'ill pay all gi•ound rents, taxes, assessments, n�ater rates, and other governmental or munici- �,
<br />� pal charges, fines, or impositions, levicd upon said premises and that he ���ill pay� all taxes levied upon this �., . ,-"
<br />���' mortgnge, or the debt secured thereby, together ���ith any other taxes or assessments «�hich may be levied �
<br /> under the ]aws ot Nebraska against the \ioi•tgagee, or tlie legal lioldei• ot said principal tiote, on account of
<br />��`� this indebte�3ness, except u�heu payment for xll such items has thcretofore been mlde w�der ( n ) of para-
<br />� graph 2 hereof, and he �cill promptly deliver the o0ici11 receipts therefor to the �fortgagce. in defnult
<br />`;_i thereof the Dlortgngee may pay the s�une,
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