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<br /> To HnvE wxn To Hot.n the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br /> nnd covenanta with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises ;
<br /> that they are free from encumbrance, except as hereinotherwise recited ; that the Mortgagor will warrant
<br /> and defend the same against the la�vful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br /> all rights oY homestesd, all marital rights, either in law or in equity, and all other contingent interests of
<br /> ; the Mortgagor in and to the above-described premises.
<br /> PRovinED ALww�rs, and these presents are executed and delivered upon the following conditions, to
<br /> wit :
<br /> Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with•interest from date
<br /> at the rate of Eight and One Hal£ per centum ( 8� % ) per annum on the unpaid balance until paid.
<br /> The said principal and interest shall be payable at the office of western Securities Company
<br /> in omaha , Nebraska , or at such other place as the holder of the note may designate in
<br /> writing delivered or mailed to the Mortgagor, in monthly installments of Three Hundred Seven and 60/100---
<br /> � Dollars ($ 307 . 60 ) , commencing on the first day of rzarch > 197g , and continuing on
<br /> the hrst day of each month thereafter until said note is fnlly paid, except that, if not sooner paid, the final
<br /> payment of principal and interest shall be due and payable on the first day of February 2008 ; ali
<br /> � � according to the terms of a certa.in promissory note of even date here�vith executed by the said Mortgagor.
<br /> ' The D2ortgagor further agrees :
<br /> � 1. He will pay ttie indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any '
<br /> time, �vithout premium or fee, the entire indebtedness or any part thereof not less than the amount of one
<br /> installment, or one hundred dollars ($100.00j, 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 earliez.
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<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, Mortgagor will pay to Mortgagee, as trustee, (under the terms of this
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<br /> trust as hereinafter stated) on the firat day of each month until said note is fully paid :
<br /> (a) A aum equai to the ground rents, if any, next due, plus the premiums that wiii next become due
<br /> ' and payable on policies of fire and other hazard insurance covering the mortgaged property,
<br /> ' ; plua taxes and assessments next due on the mortgaged property (all as estimated by the Mort- ;:
<br /> ; a gagee, and of �vhich the Mortgagor is notifled ) less all sums already paid therefor divided by
<br /> f the number of months to elapse before one month prior to the date when such ground rents,
<br /> f premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee r
<br /> ; in trust to pay said ground rents, premiums, taxes and special assessments.
<br /> j ( b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the
<br /> - i note secured hereby, shall be paid in A single payment each month, to be applied to the follow-
<br /> iing items in the order stated :
<br /> ; ( t ) ground rents, taxes, assessments, fire and other hazard insurance premiuma ;
<br /> � ( II) interest on the note secured hereby ; and
<br /> (iti ) amortization of the principal of said note.
<br /> � Any deficiency in the amount of any such aggregate monthly payment shali, unless made good
<br /> ; by the Mortgagor prior to the due date of the next such payment, constitute an event of default
<br /> � under this mortgage. At Mortgagee's option, Mortgagor will pay a '7ate charge" not exceed- -
<br /> i ing four per centum (4 % ) of any install ment �vhen paid more than fifteen ( 15 ) days after the
<br /> : ; due date thereof to cover the extra expense involved in handling delinquent payments, but such
<br /> "late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebted-
<br /> + nesa secured hereby, unless such proceeds are sufficient to discharge the entire indebtedneas and
<br /> t all proper costs and expenses secured thereby.
<br /> � 8. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br /> � exceed the amount of paymenta actually made by the Mortgagee, as trustee, for ground rents, taxes and
<br /> �� assesameata or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br /> � on subsequent paymeata to be made by the Mortgagor for such items or, at Mortgagee's option, as truatee,
<br /> � ahall be refuaded to Mortgagor. If, however, such monthly payments shali not be sufficient to pay such
<br /> � items when the same ahall become due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br /> : 'f trustee, any amount necessary to make up the deficiency within thirty (30) days after written notice from
<br /> � the Mortgag�ee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br /> the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured
<br /> , hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall,
<br /> , .,'� in computing the amount of such indebtednesa, credit to the aceount of the Mortgagor any credit balance
<br /> � accumulated under the proviaions of (d) of paragraph 2 hereof. If there shall be a default under any
<br /> ,� of the provisions of this mortgage resuiting in a public sale of the premises covered hereby, or if the
<br /> Mortgagee acquirea the property otherwise after default, the Mortgagee, as trustee, shall apply, at the
<br /> time of the commencement of such proceedings, or at the time the property is otherwise acquired, the '
<br /> amount .then remaining to credit the Mortgsgor under (¢) of paragraph 2 preceding, as a credit on the -�^""
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<br /> intereat accrued and vnpaid and the balance to the principal then remaining unpaid on ssid note. "
<br /> 4. The lien of this instrument shall remain in full force and effect durin an � �
<br /> g y postponement or exten- I ', �
<br /> h sion of the titne of payment of the indebtedness or any part thereof secured hereby. ;
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<br /> , < - 5. He will pay alI ground rents, taxea, assessments, water rates, and other governmental or munici- �
<br /> � pal charges, fines, or impositions, levied upon said premises and that he will pay all taxes levied upon thia ;,. : " �,,
<br /> _, . ; mortgage, on the debt secured thereby, together with any other taxes or assessments which may be levied n '�
<br /> "`":; under the lawa of Nebraska against the Mortgsgee, or the legal holder of said principal note, on account of
<br /> ; � this indebtednesa, except when payment for all such itema has theretofore been made under (¢ ) of para-
<br /> , graph 2 hereof, and he will promptly deliver the official receipta therefor to the Mortgagee. In default
<br /> thereof the Mortgagee may pay the same.
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