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<br />�� 78 - U00183
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<br />��� TO HAVE AND TO HOLD the same «ttto the hfortga{;ee, ns lierein pt�ovided. Diartgagor represents to,
<br /> and covenants with, thc l�fortgagee, that the ltortgagor has good right to sell and convey said premises ;
<br /> that they are free from encumbrance, excepC ns hereinoCher«�ise recited ; that tlie hfortgagor 1�•�ll �vacr:uit
<br />;; `� and defend the same against the la�sful claims of nll persons whomsocvcr. Diortgagor hereby rclinquishes
<br /> � I all rights of }tomestend, nll maritnl riglits, cithcr in In�v or in equit�•, .uid all other contingent intcrests of
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<br /> the llortgagor in und to the abo��e•desccibed premises.
<br /> t YROVIDED AL\VAYS, and theSe hresents nre executed and delivered upon the follo�ving conditions, to
<br /> 7. wit :
<br /> � 1 Diortgagor agrees to pay to the \Iortg.igee, or ordm•, the aforesaid principal sum �vith interest from date
<br /> at the rate of eight and one half per centum ( 8 . 5 /o ) p�i' un�u�p �n th� ug��a[d balanc� u��lil paid.
<br /> The snid principul and interest shall be payable nt the o(Gce of lrs e era vings an oan
<br /> in Lincoln Nebraska Associ tion of Lin oln
<br /> , , or �t sucli other pince as the �iolder of t►ie no�e mny designate in
<br /> writing delivered or mniled to the ,llortgagor, in monChly installments of TIdO }iUNDRED fORTY FOUR AND S 1/ 100
<br /> Dollnrs ($ 244 . 51 ) , commencing on the first day of I'ebruary , 19 78 , and continuing on
<br /> the first day of ench montli tliereaftei• until saicl note is fully paid, exce��t tliat, if not sooner paid, U�e finail
<br /> pnyment of principal and inlerest shull be due :�nd pnynble on the first day of danuary 2008 ; ail
<br /> nccording to the terms of a certain promissory note of e�•en dnte here��•ith executed Uy the snid 1lortgugm•.
<br /> The Mortgagorfurther agrees :
<br /> ' 1. He �vill pny the indebtedness, as hercinbeforc provided. Privilege is reserred to prepay at any
<br /> time, �vithout premitmi or fce, the entire indebtedness or an�• part thereof not less thnn the amount of one
<br /> _ instullment, or one hundred dollars ($100.00) , 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 /> 2. Together with, and in addition to, the monthly payments of principal 1nd interest payable imder
<br /> the terms of the note secured hereby, 1lortgagor �sill pay to blortgagee, as trttstee, ( under the terms of this
<br /> tivst ns hereinafter stated ) on the first day of each mmith until said note is fully paid :
<br /> (a) A sum equnl to the ground rents, if auy, next due, plus the premiums that ���ill next become due
<br /> aud pnyable on policies of fire and other haznrd insw•ance co��ering the mortgaged property,
<br /> plus tnxes t�nd assessments next duc on the mortgnged property ( all as estimated by the \fort-
<br /> gugee, nnd of �chich the ,liortgagor is notified ) Iess all sums already paid therefor dicided by
<br /> the number of months to elapse before one month prior to the date «•hen such ground rents,
<br /> premiums, taxes ancl assessments ��•ill become delinyuent, such sums to be held by biortg�gee
<br /> in trust to pay said grouud renfs, preroiums, taxes and special assessments.
<br /> ( b) The aggregate of tihe amounts pa�•aUle pursuzut lo subparagrapli (a) and tliose payable on tlie
<br /> note sectu�ed hei•eby, shail be paid in tt single pn�•meiit each month, to Ue applied to the follow-
<br /> ing items in the order stated :
<br /> ( [ ) ground rents, taxes, assessments, firc and other hazard insurance premiums ;
<br /> (n ) interest on tlte note securcd hereU�; and
<br /> ( I[[ ) amortization of the principnl of snid note.
<br /> Any deficiency in the amount of an�• such aggregate monthl�� payment shall, unless m�de good
<br /> by the \Iortgagor prior to the due date of the nest such payment, constitute an event of default
<br /> under this mortgage. At ,llortgagce's oplion, .11ortgngor u�ill pa�• n "late charge" not exceed-
<br /> ing four per centum ( �lq'o ) of anp installment ��•l�en paid moce thnu fifteen ( 15 ) days after the
<br /> due dnte thereof to co�•er the extra expeuse ineoleed in handling deliuquent payments, but such
<br /> '9ute charge" shall not be payaUle out of the pr�cecds of auy sale made to sntisfy the indebted-
<br /> ness sectu•ed hereby, wiless such proceeds .u•e suflicient to discliarge lhe entire indeUtedness and
<br /> all proper costs and expenses sectu•ed thcreby.
<br /> ' 3. IF the total of the payments made by the �fortgagor under (a) of paragraph 2 preceding shall
<br /> exceed the amount of pnyments actullly made by the �fortgagee, as trustee, for ground rents, tases and
<br /> assessments or insurunce premiums, as the case muy Ix, such excess shall Ue credited Uy thc 1lortgagce
<br /> on subsequent payments to be made Uy the liortgngor for sudi itenu or, ;it Diortgagee's option, as trustce,
<br /> shall be refunded to 1lortgagor. If, ho�vever, such monthly payments shnll not be sufl'icient to pny such
<br /> items when the snme shall become due and payable, then tlte \Iortgagor shall pny to the lfortgngec, ns
<br /> ; trustee, nny amount necesslry to mnke up the deficiency ���ithin thirty (30) daps nftcr �eritten notice from
<br /> the Mortgagee atuting the amount of the deficiency, which notice may be given by mniL If at any time
<br /> the 11Sortgngor ehall tender to the Blortgagee, in uccordance ��•ith fhe provisions of tl�e note secured
<br /> � ' hereby, full puyment of the entire indeUteclness represented lhereU��, the .lta•tgagee, as trustec, shall,
<br /> r ' in computing the amount of such indebtedness, credit to the account of the \fortgagor any credit U11Ance
<br />� � ; i accumulated under the rovisions of a of
<br /> p O paragrfipli 2 hereof. If there shnll be a def.iult undec any
<br /> of the provisions of tl�is mortgage resulting in fl public sale of thc premises co��ered hereUy, or if the
<br /> Diortgngee acquires the property otherwise after default, thc ,liortgagee, as trustee, sha11 apply, at the
<br /> time of the commencement of such proceedings, or at tlie time the property is other��•ise ncquired, tlie
<br />' " ' ' nmount then remainin to credit the Biort a or under (a) of pnragrnph 2 precedin , ns a credit on the �.
<br /> S SS g .-• � - _r� :.
<br /> interest accrued nnd unpaid and the balnnce to the principal then remaining unpaid on said note. ' - .. N :�
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<br />� ` ; 4. The lien of this instrument shall remain iu full force and efFect during any postponement or exten- � � '
<br /> sion of the time of payment of the indeUteclness or any part thei•eof secured liereb3�. a :
<br />:''� • 5. He �t�ill pay all ground rents, tnxes, assessments, u•ater rates, and other govei•nmental or munici- � �
<br />� pal charges, fines, or impositions, levied unon said premises nnd that he will pn}• :ill taxes le��ied upon this . �
<br />,.i-x'.� mortgnge, or the deUt secw•ed thereUy, together «�ith any other tnses or assessments n�hich may be leeied
<br /> s� , under the inws oF Nebrnskn aguinst the ,llortgagee, or the legal holder of snid principnl notc, on account of �
<br />` this indebtedness, except ���hen payment for nll such items lins theretofore Ueem m�de w�der ( a ) of pnrn-
<br />� graph 2 hereof, and he «•ill promptly deliver the oflicinl receipts therefor to the �[ortgagec. In defuult
<br />"-= thereof the hlortgageamay pay the same. ' �
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