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<br /> TO HAVE AND TO HOLD the SAIi1C UntO thC D10t'fgagee, as hcrein proeided• 114ortgagor represents to,
<br />� ' and co��enants with, the Mortgngee, ttiat the nioi•tgagor lias good right to sell and coiivey sttid pi•eniises ;
<br /> that they are free from encumbrance, except as hereinother���ise recited ; that tlie Mortgagor ���ill ���nrrnnt
<br /> and defend the same against the la���ful claims of till persons wliumsoe��er. hiortgagor hereby rclinquishes
<br /> ' � all rights of homestend, 111 mnritnl rights, either in lm�• or in equit�•, mid all other cmitingent interests of
<br /> the Atortgagor in and to the above-described premises.
<br /> YROVIDED AL1'VAYS, and these presents are executed and delivered upon the folio�ving conditions, to
<br /> wlt :
<br /> Tiortgagor agrees to pny to the 111ortgagee, or order, the aforesaid princip;il sum �vith interest from date
<br /> at the rate of eight �nd one-half per centum (8 . 5 ;b ) per ammm on the unpaid bal�mce until paid.
<br /> The said principn! and interest shall Ue plyable nt the oflice of Pirst Pederal Savin�rs and Loan
<br /> Asso i t ` n O L1Y1C0�.11
<br /> in Nebraska , or at sucli otlier place as t�ie�iojc�er o tlie note may designate in
<br /> �vriting delivered or mailed to the \[ortgngor, in monthly installments of Ti,�o Hundred Ninateen and 15�100- --
<br /> ` Dollars (�v 219 . 15 ) , commencing on the first day oP Au�ust , 19 76 , and continuing on
<br /> ; the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final
<br /> payment of principnl nnd interest sh111 be due and payable on the first day of JiLy '�OOo ; :1��
<br /> according to the terma of a certain promissocy note of eveu date herewith executed by the said ➢Sortgagor.
<br /> The Mortgagor fui•tlier agrees :
<br /> ' 1. He �sil) pay thc indebted�tess, :�s hei•einbefm�e provided. I'rivilege is resei•ved to prepay at an��
<br /> time, without premium or fec, tl�e entii•e indebtedness uc any part thei•cof not less than tlie amount of o�ie
<br /> installment, or one hundred dollazs (�100.00) , whichever is less. Prepayment in full shall be credited on
<br /> the date received. Paztial prepayment, other than on an installment due date, need not be creu�ited until
<br /> the next following installment due date or thiriy 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 sec:ured hereby, Afortgagor �vill pay to Ilfortgagee, as ttvstee, ( undcr the terms of this
<br /> t trust as hereinafter atated) on the first day of each month untit said note is fuliy paid :
<br /> (a) A sum equal to the ground rents, if an}�, next due, plus thc premiums that will next become due
<br /> and payable on policies of fire and other ha•r.ard insiu•�nce covering the mortgaged property,
<br /> plus taxes u�id assessments next due mi the mortgaged E�roperty ( all as estimated Uy the ilfort-
<br /> gagee, and of �rhidt the lfortgagor is notificd ) ]ess all sums already plid therefor divided by
<br /> - the number of months to elapse before one month prior to thc date «•hen such ground rents,
<br /> premiums, taxes and assessments ���ill become delinquent, such sums to be held b,v D�ortgagee
<br /> in trust to pa}� said ground rents, prcmiums, tases and specill nssessments.
<br /> ( b ) The aggregate of the amowits pa�•ablc pursuant to subparaqraph (¢ ) and those pnyable on the
<br /> note secured hereUy, shall be paid in a single pay�ment each month, to Ue applied to the follo�s-
<br /> °. ing items in the order stttted :
<br /> ' ( t ) ground rents, tn�es, assessme�its, fire and other liazard insurance premiums ;
<br /> ( 1t ) interestonthenotesecuredhereby ; and
<br /> ( III ) amortization of the principal of said note.
<br /> �n�• deticienec iu the amount of am• such aggregate monthly pa��ment shall, unless made good
<br /> ; by the .11ortgngor prior to the due d<ite of the next such payment, constitute an event of default
<br /> under this mortgage. At �fortgagce's option, \[ortgagor �vill pa}• a ' 7ate chnige" not erceed-
<br /> ing four per centum (�l g� ) of an}• install mciit �ti•hen pnid more than fifteen ( 15 ) days after the
<br /> due date thereof to co�•er the extra expense incoh�ed in h.mdling delinquent payments, but such
<br /> "late charge" shall not be pat'aUle out of' the proceeds of a�iy sale made to satisfy the indebted-
<br /> ness secured hei•eb��, imless such procceds ai•e sufticient to dischxrge the entire indebtedness and
<br /> all proper costs and expenses secured thcreby.
<br /> j 3. If the total of the payments made by the 3lortgagor w�der ( a) of paragraph 2 preceding shall
<br /> exceed the amount of payments actually mlde by the 3lortgagee, as trustee, for ground rents, taxes and
<br /> assessments or insurance premiums, as the case may I�e, such excess shall Ue credited by the Mortgagee
<br /> on subsequent payments to be made by the I1lortgagor for such items oi•, at 1lortgagee's option, as trustee,
<br /> ' shall be refunded to \Iortgagor. If, however, such montl�ly payments shall not be sufFcient to pay such
<br /> items when the same shull become due and payable, then the �Ioi•tgagoc shall pay to the Mortgagee, as
<br /> trustee, any amount necessary to make up the deficiency n�ithin thirty (30) da��s after ��•ritten notice from
<br /> `, the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br /> the I1'fortgagor shall tender to the 1lfortgagee, in accordance �eith the pro��isions of tlie note secured
<br /> hereby, full payment of the entire indebtedness represented thereby, the lfortgagee, as tivstee, shall,
<br /> ' in computing the amount of such indebtedness, credit to the nccount of the .lZortgagor any credit balance
<br /> � accumulated under the provisions of ( a ) of parngraph 2 hereof. If there shall be a defnult under any�
<br /> of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the
<br /> Mortgagee acquires the property otherwise after default, thc \Iortgagee, as trustee, shall apply, at the
<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 bfoi•tgagor under (n ) of paragraph 2 preceding, :ts n credit on the
<br /> interest accrued and unpaid and the ballnce to the principal then remnining unpaid on said note. i
<br /> 4. The lien of this instrument shall remain in full force and e(iect during any postponement or exten- 'N�`_.
<br /> sion of the time of payment of the indebtedness or any part thereof secured hereb��. � � ,
<br />� � o. He «�ill pay alt gi•ound rents, taxes, assessments, �ti'ater rates, ancl other goeernmental or munici-
<br />�� . pal charges, fines, or impositious, lc��ied upon said premises and that he «�ill pa}� all taxes ]evied upon this r.�.
<br /> mortgage, or the debt secured thereby, together «•ith any other taxes or assessments �chich may be levied �
<br /> r:� under the laws of Nebrnska against the \Iortgagee, or the legal holder uf suid principnl notc, on account of �
<br />.< this indebtedness, except �chen payment for all such items has thcretofore been macle mider ( a ) of para-
<br />`� graph 2 hereof, nnd he �cill prompil}• deli�•er the ofticial receipts therefor to the .lIortqagee. In default
<br />_,� thereof the htortgagee mny pay thc same.
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