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<br />° � To HaVE ANo To IioLn the same uttto tlte hfortgngee, as herein pro��ided. 111ortgagor represenls to,
<br /> and cover.ants �vith, the Mortgagee, tluit the Dfortgaqor has good right to sell and convey snid premises ;
<br /> that they are free from encumbcance, except as hereinothern�ise recited ; lhat the i�fortgagor ���ill �+�arrant
<br /> and defend the same against the I.iwful claims of all persons whomsoever. nlortgagor hereby relinquishes
<br /> all ri�;hts of homestead, all marital rights, either iu ln�v or in equity, and all uther contingent interests of
<br /> rthe hlortgagor in nnd to the xbove-described premises.
<br /> PROVIDED ALWAYS, ntld tltese presents are executed and delivered upon the following conditions, to
<br /> wit : _
<br /> Diortgagor agrees to pny to the hlortgagee, or order, the aforesaid principnl sum with interest from date
<br /> at the rate of LiP�lt per centum ( B . CI;6 ) per �{inui� l�edera�.��Savings�S Loan�id.
<br /> The suid principfll and interest shall be paya6le at the u(lice of AS ciat on of Lin ln
<br /> ;n Nebraska , or at such other pl:�ce as tite lio�c�er oT t�he nofe m�y�esignute in
<br /> writing delivered or mailed to the liortgngor, in monthly installnients of One Hundred Forty Six and 02�100
<br /> Dollnrs ($ 146 . 02 ) , commencing on tlie first duy of Januar,y , 19 'l7 , and continuing on
<br /> the first day of euch month thereafter untii said note is fully paid, except th.tt, if not sooner paid, the finul
<br /> ' payment of principal and interest shull be due anci payable on the first dny of December ?_OOu ; all
<br /> according to the terms of n certain promissory note of e��en date here�sith executed by the said hfortgagor.
<br /> � Tlie Mortgngor further agrees :
<br /> s ' ; 1, He will pay the inde6tedness, ns hereinbeforc pro��ided. Pri��ilegc is reserved to prepay nt any
<br /> " " time, �ti�ithout premium or fee, the entire indebtedness or viy part thercof not less than the amomit of onc
<br /> S i installment, or one hundred dollurs ($100.00) , whichever is less. Prepayment in full shali be credited on
<br /> ` ' the dute received. Partial prepayment, other than on an installment due dnte, need not be credited until
<br /> F ; the next following installment due date or thirty days after such prepaymenC, whichever is earlier.
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<br /> 2. Together �vith, and in addition to, the montlily payments of principal sud interest paynbie under
<br /> the terms of the note secured hereby, llortgagor wiil pay to btortgugee, as trustce, ( under the terms of this
<br /> trust as hereinafter stated) on the first day of each month until said note is fully paid :
<br /> .� r (c�) A sum equal to thc ground rents, if auy, next due, plus the premiums that �sill next become due
<br /> � and payable on policies of lire a�id other hazard i�isurnnce covering the mortgaged property,
<br /> ; ' plus taxes aud assessments next duc mi the mortgaged propert3� ( all as estimated by the \tort-
<br /> gagee, and oC ���hich the niortgagm� is notificci ) less all stuns already paid therefor divided by
<br /> the numUer of months to elapse before oue month prior to the date �vhen such ground rents,
<br /> premiums, taxes and ttssessmetits ��•ill become delinc�uent, sucli sums to be held by Mortgagee
<br /> in trust to pa}- said ground rents, premiwns, taxes a�id special assessments.
<br /> ( b ) The aggregxte of the amounts payablc pursuaut to subp�u•agraph (a) and those paynble on the
<br /> x ? note seciu•ed hcreby, shall be paid in a siuglc paJ•ment each month, to be applicd to the follow-
<br /> ing items in the order stated :
<br /> (t ) gi•ound rents, t[txes, assessmcnts, fii•c aiirl other haznrd insurance premiuma ;
<br /> ( it ) interest oti thc note secured hercby ; a�id
<br /> ( i[I ) amortization of thc principal of snid note.
<br /> y� . elny deficienc�• in the amount of an�� such aggregate monthl}• payment shall, unless made good
<br /> � by the \Ia•tgagor prior to tlie due date of the ne�t such payment, constitute an e�•ent oF default
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<br /> y ' under this mortgage. At .11ortgagee's option, \[oi•tgagor �cill pny a ' 9ate chnrge" not exceed-
<br /> �' , ing four per centum ( d ;`b ) of an�• install ment �rhen paid ntore than tifteen ( 15 ) day�s nfter the
<br /> i ' due dnte tltereof to co�•cr the exh�a expcuse ineol��ed in hnndling delinquent payments, but such
<br /> :� ' "late charge" shall uot be pnyable out of the procceds of an�� sale made to satisfy the indebted-
<br /> ness secured hei•eby, uiiless such pi•ocecds �u�e sufticient to discltarge tlie entire indebtedness and
<br /> � ull proper costs and expenses secured thereby.
<br /> a 3. If the totnl of the a ents made b the ltort a or under a of
<br /> a p ym y g g ( ) paragraph 2 preceding shnll
<br /> exceed the amount of payments actunlly made by the hlortgngee, as trustce, for grotmd rents, taxes and
<br /> � assessments or insurance premiums, as the case mnv be, such excess shall be credited by the niortgagee
<br /> " on subsequent payments to be mlde by the 1ltortgaqor for such items or, at llfortgagec's option, as trustee,
<br /> shnll be refunded to ➢fortgagor. If, ho�se��er, such monthly payments shall not be sutticient to pay such
<br /> ;. itema when the same shnll become due and p:�yable, then the Dlortgagar shull pay to the 113ortg:igee, as
<br /> ' trustee, any amount necessary to make up the de(iciency �vithin thirty ( 30 ) dnys ufter ���ritten notice from
<br /> the 1liortgagee sttiting the amount of the deficiency, which notice may be gi�en by mail. If at nny time
<br /> the Mortgagor shall tender to the Mortgasee, in nccordance �vith the provisions cf the note secured
<br /> .; � hereby, full paytnent of the entire indebtedness represented tliereby, the .lIortgagee, as lrustee, shnll,
<br /> in computing the amount of such indebtedness, creclit t;o the accotmt of the ➢Iortgagor any credit balance
<br /> accumuluted under the provisions of (n) of plragraph `L hercof. If thcre shall be a default under any
<br /> _ , of the provisions of this mortgage resulting in a public snie of the premises covereci hereby, or if the
<br /> Mortgugee acquires the property otherwise nfter default, thc \Iortgsgce, as trustce, shall apply, at the
<br /> time of the wmmencement of such proceedings, or at the time the property is other�vise acquired, the
<br /> nmount then remaining to credit the ➢lortgagor under (a) of parngraph 2 preceding, as a credit on the
<br /> � interest accrued and unpnid and the balnnce to the principal then remaining unpaid on said notc. �
<br /> 4. The lien of this instivment shall remain in full force and effect during any postponement or exten- N ;
<br /> i sion of the time of payment of the indebtedness or any part thereof secured hereUy. � �
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<br /> � 5. He �vill pay all ground rents, taxes, assessments, water rates, and other govermnent�ll or munici- �,i , '
<br />:�. pal charges, fines, or impositions, levied upon snid premises and that he �sill pay alt taxes levied upon this r.
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<br />�'� inortgage, or the debt secured thereby, together �rith any other taxes or nssessments n�hich may be levied �
<br /> under the la�rs of Nebrnska against the llortgagee, or the leqal holder of said principal note, on account of
<br />�" this indebtedness, except ���hen payment for all such items has tlicretofore bcen made undcr ( a ) of pnru-
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<br />�; ' graph 2 hereof, and he �sill promptly deliaer the oflicial receipts therefor to the .11ortgnqee. ln defnult
<br />� thereof the Mo�•tgflgee may pay the same.
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