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<br /> TO HAVE AND TO 110LD the same unto the hfortgagee, as henin provided. Mortgagor represents to,
<br /> and covenants with, the Mortsagee, that the :llortgagor has good right to sell and convey said [�remises ;
<br /> that they are free from encumbrnnce, except as hereinotherwisc recited ; thut the Ivlortgagor ���ill warrant
<br /> and defend the same against the la«�ful claims of nll persmis whomsoever. hlortgagor hereby relinquishes
<br /> �' I all rights of homestead, all mai•ital riglits, eitlier in law or in equit}�, nnd all otlier contingent iuteresls of
<br /> the Mortga�or in �ind to the above-described premises.
<br /> YROVIDED ALIVAYS, and these presents are executed and delivered upon the following conditions, to
<br /> wit :
<br /> :�4ortgagor ngrees to pay to the 14lortgagee, or order, the aforesaid pi•incip:il sum with interest from d�ite
<br /> ut the rate oF eight and one-half Per centum ( � , 5 i�o � per annum on tlie unpaid balance until paid.
<br /> The said principnl and interest shall be payab(e �t tlie o8ice of Assoc ' ataor�ofJL��n olsnand Loan
<br /> in Linco ln , or at sucli otlier pluce as �lie h� o�er of t�ie note may designate in
<br /> writing delivered or mailed to the blortgngor, in monthly installments of g�ree Hundred Six and 80/100- - - - -
<br /> Dollars (�y 306 . 80 ) , commencing on tlie fii•st day of A �t , 19�(� , and continuing on
<br /> E the first day of each month tliereafter until said note is fully Itia�id, except th�tt, if not sooner paid, the final
<br /> payment of principal nnd interest shall be due and paynble on the flrst day of July 2006 ; all
<br /> according to the terms of a certain promissory note of even date here�vith executed by the said nTortgagor.
<br /> The Mortgagor further agrees :
<br /> 1. He will pay tlie indebtedness, as liereittbefore provided. Privilc�e is reserved to prepay at ang
<br /> time, without premium oc fee, the entire indebtedness or any Pai•t thereof not less than the amount of one
<br /> instaliment, or one hundred dollars ($100.00) , whichever is less. Prepayment in ful] shall be credited on
<br /> the date received. Paztial prepayment, other than on an installment due date, need not be credited until
<br /> the next following instaliment 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, hloi�tgagor will pay to Mortgagee, as tivstee, ( under the terms of this
<br /> trust as hereinafter stated) on the first day of each month until said note is fully paid :
<br /> (a) A sum equal to the ground rents, if any, next due, plus the premiums that n�il! next become due
<br /> q and payable on policies of fire �nd other li�zard insurance co��ering the mortgaged property,
<br /> plus taxes and assessments next due on the mortgaged property ( all as estimated by the lfort-
<br /> gagee, and of �cliich the nlortgagor is notified) less all sums already paid therefor divided by
<br /> the number of months to elapse befoi•e one month prior to ilie date n�hen such ground rents,
<br /> '� premiums, taxes and assessments «� iq become delinquent, such sums to be held by n4ortgagee
<br /> b in trust to pny said ground rents, premiums, taxes and special assessments.
<br /> ( b ) The aggregate of the amounts payable piu�suant to subparagraph (¢) and those payabie on the
<br /> note secured hereby, shall be paid in a single pa}•ment each month, to be applied to the folio�a-
<br /> ` ing items iu the order stated :
<br /> ( ( 1 ) grou»d rents, ta�es, assessmeiits, fire and other hazard insurznce premiums ;
<br /> ( iI ) intereston the note secui•ed hereby ; �tid
<br /> � ( 1u ) amortization of thc principal of said note.
<br /> ;: Any deficiency in the IIll1011llt OY Rll)' SIICIl aggregate monthly payment shall, unless made good
<br /> � by the Jlortgagor prior tu tlte due date of the next such pagment, constitute an event of default
<br /> under this mortgage. At :liortgagee's option, \Iortgagor �eill pay a "late charge" not exceed-
<br /> ing four per centum ( 1 ', � ) of an�� instalLnent n•hen paid more than fifteen ( 15 ) days after the
<br /> due date thereof to cover the extra expense im�oh�ed in handling delinquent payments, but such
<br /> ' "late charge" shall not Ue pa�•able out of the proceeds of an�� sale n�ade to satisfy the indebted-
<br /> ness securecl hei•eby, ttnless suclt proceeds �u•e suliicient to discharge tlie entire indebtedness und
<br /> all proper costs and expenses secm�ed thereby.
<br /> 4 3. If the total of the pa}�nents made by the 1lortgngor under ( a ) of paragraph 2 preceding shall
<br /> exceed the umount of payments actually made by the Aiortgagee, as trustee, for ground rents, tases and
<br /> assessments or insurance premiums, as the case may be, such excess shall be credited by the 14fortgagee
<br /> on subsequent payments to be made by the rfortgagor for such items or, at �lfortgagee's option, as trustee,
<br /> shall be refunded to :ltortgagor. If, however, such monthly pnyments shall not be sufficient to pay such
<br /> itema when the same shall become due and payable, then the lfortgagor shall pay to the Hfortgagee, as
<br /> trustee, any amount necessary to make up the deficiency «'ithin thirty� ( 3U ) days after �eritten notice from
<br /> the Mortgagee stating the amount of the deficiency, which notice may be given by m�il. If at any time
<br /> the Mortgagor shall tender to the ➢fortgagee, in accordance �vith the provisions of the note secured
<br /> hereby, full payment of the entire indebtedness reP�'csented thereby, thc 1lortgagee, as trustee, shall ,
<br /> ; in computing the amount oF stich indebtedness, credit to the account of the 14ortgagor any credit balance
<br /> accumulated under the provisions of ( a) of parabnaph 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 /> Tiortgagee acquires the property otherwise after default, thc Blortgagee, as trustee, shall apply, 1t 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 hiortgugor under (a) of paragraph 2 preceding, as a credit on the
<br /> ` interest accrued and unpaid and the b�lance to the principal then remaininq unpaid on said note.
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<br /> 4 . The lien of this instrument shall remain in full foi•ce a�id effect during any postponement or exteti- N !'`"1 :
<br /> ` I sion of the time of payment of the indebtedness or any part thereof secured hereby. � '
<br /> ` o. He �ti•ill pay all ground rents, taxes, assessments, �ti'ater rates, and othm• governmental or munici- -
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<br /> ' pal charges, fines, or impositions, leeied upon said premises and that he «•ill p13• all taxes le�•ied upon this n�
<br />�, mortgage, or the debt seeured thereby, together �cith any other tases or assessments «�hich may Ue levied
<br /> tn
<br /> a under the la�vs of \Tebrnska against the �Iortgagee, or Lhe legal holder of snid principal uote, on accowit of
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<br />�r�p this indebtedness, except ���hen payment for all such items has theretofore bcen made under ( n ) of para-
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<br />�• -� graph 2 hereof, and he ti�� ill promptly dcli�•er the o(licial receipts tlterefor to the \fortgagce. In defau t
<br /> H' 7,
<br /> thereof the hlortgagee may pay thc same.
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