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<br />"- To HnvE nNn To IIoL� the satne unto the 1ltortgagee, as lierein pro��ided. Tiortgagor represents to,
<br /> and covenants with, the Mortgngee, thut the Atortgagor has good right to sell and convey said premises ;
<br /> that they are free from encumbrnnce, except as l�ereinotiierwise recited ; that �he hiortgagor will warrant
<br /> and defend the same a�ainst the lawful clnims of all persmis w�homsoever. 11foi•tgagor hereby relinquislies
<br /> all rights of homestead, all marital rights, either in la�v or in equity, and all other contingent interests of
<br /> � . r the h4ortgagor in and to the above-described premises.
<br /> PRovIDEn ALwaxs, and these presents ure executed and delivered upon the following conditions, to
<br /> wit :
<br /> biortgagor agrees to pay to the �llortgagee, or order, the aforesaid principat sum �sith interest from date
<br /> ,� - ; at the rate of Eight per centum ( 8 �o ) per anr�,m o� t�fie unpaid balance untit paid.
<br /> The said principal and interest shall be payaUle at the otGce of lrs ederal Savings and Loan
<br /> I�Tebraska Association of L ncoln
<br /> in , or at such other place as the holder of the note may �designate in
<br /> writing delivered or mailed to the \Iortgagor, in montiily installments of Oiie Hundred Sixt;,� Eight and 77�100
<br /> ; Dollars ($ 16�3 • 77 ) , commencing on tlie first day of January , 19 77 , and continuing on
<br /> the firat day of each month therexfter until snid note is fully paid, except thnt, if not sooner p.tid, the final
<br /> payment of principnl and interest shall be due and pnyable on the first day of December 20Q6 ; all
<br /> + according to the terms of a certain promissor�� note of even d�te herewith executed by the said Mortgagor.
<br /> The Mortgagor further agrees :
<br /> 1. He will pay the indeUtedness, as hereinbcfore provided. Privile�e is reserved to prepay at any
<br /> L time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one
<br /> � installment, or one hundred dollars (�100 .00) , whichever is less. Prepayment in full shall be credited on
<br /> ;, the date received. Partia! prepayment, other than on an installment due date, need not be credited until
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<br /> the next following installment due date or thitty 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, ➢fortgagor will pay to bfortgagee, as trustee, ( under the terms of this
<br /> ,: - truat as hereinafter stated) on the first dny of each month untit said note is fully paid :
<br /> � (a) A sum equal to tlie ground rents, if any, next due, plus tlie premiums that �vill next become due
<br /> h and payable on policies of fii•e and other hazard insurince co��ering the mortgaged property,
<br /> t ' plus taxes und nssessments next due on the mortgaged property (all as estimated by the 11ort-
<br /> gagee, and of ��•hich the 1lfortgagor is notified ) less all sums already paid therefor divided by
<br /> the number of months to elapse before one month prior to tlte date �+•hen such ground rents,
<br /> * premiums, taxes and assessments ��•ill become delinquent, such sums to be held by Diortgagee
<br /> ,. �
<br /> in trust to pay said ground rents, premiimis, taxes and special assessments.
<br /> r ( 6 ) The aggregate of tlie amounts papable pursuant to subparagraph (a ) and those payable on the
<br /> �; note secured hereUy, shall be paid in a single pa��ment each month, to be applied to the follo«•-
<br /> ing items in the order stated :
<br /> ( 1 ) ground rents, taxes, assessments, fire and other hazard insurance premiums ;
<br /> � ( ti ) interest on the note secured hereby ; and
<br /> �' ( nt ) amortization of the principal of said note.
<br /> Any deficienc}• in the amount of nnt• such aggregate montiily pa}�ment shail, unless made good
<br /> by the \Iortgagor prior to the due date of the next such pa}•ment, constitute an event of default
<br /> � under this mor'tgage. At \fortgagee's option, �Iortgagor «�ill pay a "late charge" not exceed-
<br /> ` ing four per centum ( �1 �� ) of an�� iustall ment �cl�en 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 cliai•ge" shall not be papable out of tlie praceeds of a�iy sale made to satisfy the indebted-
<br /> � ness secureci liereby, unless sucti proceeds are su(Hcient to discharge tl�e e�itire indebtedness and
<br /> all proper costs and e�penses secured thereby.
<br /> 3. If the total of the payments made by the 14fortgagor under ( a) of paragraph � preceding shall
<br /> ' exceed the amount of payments actually made by the ;�Iortgagee, as trustee, for ground rents, tnxes and
<br /> e assessments or insurance premiums, as the case may be, such excess shall be credited Uy the :1lortgagee
<br /> ` on subsequent payments to be made by the 2tfortgagor for such items or, at Dlortgagee's option, ns trustee,
<br /> shttll be refunded to 1lortgagor. If, however, such monthly payments shall not be suflicient to pay such
<br /> _ items when the eame shall become due and plyable, then the \fortgagor shall pay to the 3lortgagce, as
<br /> trustee, any umount necessary to make up the deficiency �vithin thirty ( 30 ) days after ��•ritten notice from
<br /> the I1lortgagee stating the amount of the deficiency, whicl� rtotice may be given by mail. If Zt any time
<br /> �; the 114ortgagor shnll tender to the bfortgagee, in accordance «�ith tlie pro��isions of the note secured
<br /> hereby, full payment of the entire indebtedness represented thereby, the .11ortgagee, as trustee, shall,
<br /> in computing the amount of such indebtedness, credit to the accowit of the �Iortgagor any credit balance
<br /> �< accumulated under the provisions of ( a ) 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 thc premises covered hereby, or if the
<br /> ➢fortgagee acquires the property otherwise after default, the 3fortgagee, 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 1lfortgagor under (a) of paragraph 2 preceding, as a credit on the
<br /> interest accrued and unpnid and the balance to the principal then remnining unpaid on said note. . , i ,
<br />� ` 4. The ]ien of this instrument shail remain in full force and efFect during any� postponement or exten- • ' �``�` ' �
<br /> sion of the time of payment of the indebtedness or anp part thereof secured hereby. � �.:,
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<br /> 8 5. He «�ill pay all ground rents, taxes, assessments, u•ater rates, and other governmental or munici-
<br />�� pal charges, fines, or impositions, levied upon said pmmises and that he �ti�ill pay a11 taxes levied upon this n :
<br />.t mortgage, or the debt secured thereby, together �rith any other taxes or assessments �t•hich may be levied �
<br />� under the ]u« s of Nebrnska against the Blortgagee, or the legal holder of said principal note, on account of _
<br /> tiry� this indeUtedness, except u�hen payment for all such items has theretofore Ueen made under ( rz ) of plra-
<br /> gruph 2 hereof, and he ���ill promptly deli�•er the oHicial receipts therefor to the \fortgagce. In defnult
<br />``�� thereaf:tttQ3lfnrtB?see may pay the same.
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