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<br />� 76_ UQ461 �1
<br /> To HAVE ntvn To Ho[.n the same unto the Mortgagee, as herein provided. 1lfortgugor represents to,
<br /> and covenunts with, the Mortgagee, thnt tlie ➢Im�tgagoc has good righC lo sell and convey saicl pi•etnises ;
<br /> that they are free from encumbrance, except as liereinother«�ise reciLed ; that the Mortgagor wiil �earrant
<br /> and defend the same ngainst the lawful claims of �ll persons whansoever. ➢4ortgagor hereby relinquishes
<br /> � all rights oP homestead, all marit.zl riglits, either in la�v or in equity, and all other contingent interests of
<br /> the Niortgagor in and to the above-described premises.
<br /> PROVIDED ALIVAYS, and these presents are executed and delivered upon the fopowing conditions, to
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<br /> bfortgagor agrees to pay to the :�fortgagee, or order, the aforesaid principal sum with interest from dnte
<br /> at the rate of eight and one-half per centum ( 8 . 5 ;b ) �er annum on the unpaid balance wrtil paid.
<br /> The said principal and intei•est shall be payable :it the o(lice of I irst I�'ederal Savirgs and Loa n !
<br /> �n Lincoln , or at such other lace ioc ati of inc 1n
<br /> p tlie liopc�er of �ie no�e may designute in
<br /> writing delivered or mailed to the :�Iortgagor, in monthly instaliments of Two Hundred Tt,renty-nine and 91/100•.
<br /> Dollars (� 229 • 91 ) , commencing on the first day of Odnber , 19 76 , and continuing on
<br /> the first day of each month thereafter until snid note is fully paid, except th1t, if not sooner paid, the finul
<br /> payment of principal and interest shnll be due and payable on the first day of September 2006 ; all
<br /> according to the terms of a certain promissory note of even dlte here�vith executed by the said Rlortga�;or.
<br /> The Mortgagor further agrees :
<br /> 1. He will pay tlte indebtedness, as hereinbefore provided. Yrivilege is reserved to prepay at xny
<br /> time, �sithout premium or fee, the entire indebtedness or any part thcrcof not ]ess th�n the amount of one
<br /> installment, or one hundred dollars ( �y100.00) , 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 /> � i 2. Together �vith, and in addition to, the monthly payments of principal and interest payab(e under
<br /> the terms of the note secured hereby, bloi�tgagor wil! pay tio Mortgagee, as trustee, ( under the terms of this
<br /> trust as hereinafter atated) on the first day of each month until said note is fully paid :
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<br /> (a) A sum equal to the ground rents, if any, next due, plus the premiums that wiil next become due
<br /> and pal-able on policies of fire and other hazard insurance covering the mortgaged property,
<br /> ptus taxes and assessments next dne on the mortgaged propei�ty ( all as estimated by the niort-
<br /> gagee, and of �cliich the 1lortgagor is notified ) less all sums already paid tlierefor di��ided by
<br /> the numbei• of months to elapse before one montli prior to the date «�hen such ground rents,
<br /> ' premiums, taxes and assessments «�ill become delinquent, such sums to be held b,y Mortgagee
<br /> `- in trust to pay said grounci rents, pcemiums, taxes and special assessments.
<br /> ( L ) The aggregate of the amounts payable pm:suant to subplragraph (a ) 1nd those payable on the
<br /> ' note secured hereb}�, shall be paid ir n single payment each month, to be applied to the follow-
<br /> `' ' ing items in the order stated :
<br /> '' ( t ) ground rents, t1XC5� assessments, fire Alltl Ofit�l' }11Z8P(1 it1St11'ZIlCO pl'eITIlUTriB ;
<br /> ( II ) interest on the note secured heceby ; and
<br /> x (n1 ) amortization of the principal of said note. ;
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<br /> Any deficiency in the .imomrt of an�� such aggregate monthl�� payment shall, unless m�de good
<br /> � by the �Iortgagoi• pi•ioi• to the duc dxte of the next sucli pa}•ment, constitute an eeent of default �
<br /> i under this mortgage. At llortgagec's option, \Iortgagor «�ill pap a "late chaige" not exceed-
<br /> ing four per centum (�l ; r ) of tuq� install ment ��•heii paid more than fifteen ( 15 ) days after the
<br /> due date thereof to co��er the extra expense in�•ol�•ed in hcuidling clelinquent payments, but such
<br /> "late chaige" shall not be pa��able out of the proceeds of an�• sale made to satisfy the indebted-
<br /> ness secured hereby, uiiless such proceeds are sullicient to discharge the entire indebtedness and
<br /> all proper costs and e�penses secured thereby.
<br /> � 3. If the total of the payments made by the Diortgagor undcr ( n ) of paragraph 2 preceding shall
<br /> ' exceed the amount of payments actually made by the Mortgagee, as trustee, for gromid rents, tnxes and
<br /> i assessments or insurance premiums, as the case may be, such excess shall be credited by the ➢fortgagee
<br /> on subsequent payments to be made by the 1lfortgaqor for such items or, at n4ortgagee's option, as tivstee,
<br /> shall be refunded to �tortgagor. If, however, such monthly payments shall not be sufiicient to pay such
<br /> itema when the same shall become due and payable, then the :lfortgagor shall pa>• to the ➢fortgagce, as
<br /> � trustee, any amount necessary to make up the deficiency ���ithin thirty ( 30) days after ��•ritten noticc from
<br /> the ➢tortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br /> the Mortgagor shall tender to the 1lfortgagee, in accoi•dance ���ith tlic pi•ovisions of the note secui•ed
<br /> hereby, full payment of the entire indebtedness represented thereby, the ,�Iortgagee, as trustee, shall,
<br /> in computing the amount of such indebtedness, credit to the account of the bioi•tgagor any credit balance
<br /> accumulated under the provisions of ( a ) of plragraph 2 hereof. If there shail be a default under any
<br /> ` of the proviaions of this mortgage resulting in a public sale of the premises covered hereby, or if the
<br /> � I4fortgagee acquires the property otherwise after de[ault, thc \Sortgagce, as trustee, shall apply, at the
<br /> time of the commencement of such proceedings, or at the time the property is other�vise acquired, the
<br /> amount then remaining to credit the DSortgagor under (a} of paragraph 2 preceding, as a credit on the
<br /> interest accrued and unpaid and the balance to the principal then remlining tmpaid on said note. !
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<br /> 4. The lien of this instrument shall remain in full force and effect during any poslponement or exten- ev . ..
<br /> ( sion of the time of pa�•ment of the indebtedness or any part thereof secured hereby. �
<br /> 5. He �vill pay all ground rents, taxes, assessments, u�ater rates, and othcr qovernmental or munici- +3 '
<br />� al chur es fines, or im ositions, le�•ied u on said remises and that he �s•ill r
<br /> P B � P P P pn}• all tates levied upon this
<br /> mortgage, or the debt secured thereby, together �rith any other taxes or assessments u•hich may be levied tn
<br />� under the laws of Nebraska against the llortgagee, or the legal holder of saicl priticipal note, on account of
<br />� this indebtedness, except «•hen payment for all such items has theretofore been made under ( a ) of para-
<br />,Y� graph 2 hereof, and he will promptly deli�•er the ofticial receipts therefor to the Jiortgagee. In default
<br /> thereoS the :�iortgagee map pay the same.
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