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<br /> 78-� �1010 2 6
<br /> To HwvE wxn TO HoLn the asme unto the Mortgagee, as herein provided. Mortgagor represents to,
<br /> and covenants 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 /> i and defend the same against the lswful claims of all persone whomscever. Mortgagor hereby relinquishes
<br /> � all rights of homestead, 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 /> ; PRovinEn ALwAYs, and these presents are executed and delivered upon the following conditions, to
<br /> ' i wit :
<br /> Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum witk interest from date
<br /> at the rate of eight and one ha1f-- per centum ( 8 - 5 Jo ) per annum on the unpaid balance until paid.
<br /> ; The said princi al and interest shall be payable at the office of F'irst F'ederal Savings and r.oan
<br /> P Ass c ti of Lincol
<br /> in Lincoln , lvebrasXa , or at such other place as the �io�c�er o��he note may �eaignate in
<br /> writing delivered or mailed to the Mortgagor, in monthly installments of TWO HUNDRED NINETY NINE AND 88/l00
<br /> , Dollara ($ 29g _ 88 ) , commencing on the first day of April , 1978 , and continuing on
<br /> the firat day of each month thereafter until said note is ful[y paid, except that, if not sooner paid, the finaI
<br /> payment of principal and interest shall be due and payable on the first day of March 2008 ; all
<br /> according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br /> The Mortgagor further agrees :
<br /> 1. He will pay the indebtedness, as hereinbefoi-e provided. Privilege is reaerved to prepay at any :;
<br /> 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 ia 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 and intereat payable under
<br /> the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, (under the terms of this
<br /> truat as hereinafter stated) on the firat day of each month untii said note is fully paid : '
<br /> (a) A aum equal to the ground rents, if any, next due, plus the premiums that will next become due
<br /> and payabie on policies of fire and other hazard insurance covering the mortgaged property,
<br /> plus taxes and assessments next due on the mortgaged property (all as estimsted by the Mor�
<br /> gagee, and of which the Mortgagor is notified ) less all sums already paid therefor divided by
<br /> ; the number of months to elapse before one month prior to the date when such ground renta,
<br /> : ; premiums, taxes and assessments �vill become de]inquent, such suma to be held by Mortgagee
<br /> ' in trust to pay said ground rents, premiums, taxes and apecisl assessments.
<br /> $ (b) The aggregate of the amounta payable pursuant to subparagraph (a) and those payable on the
<br /> note secured hereby, shall be paid in a single payment each month, to be applied to the follow-
<br /> j ing items in the order stated :
<br /> 1 ( i ) ground rents, taxes, assessments, fire and other hazard insurance premiume ;
<br /> � (u ) interest on the note secured hereby ; and
<br /> (III) amortization of the principal of said note.
<br /> � Any deficiency in the amount of any such aggregate monthly payment shall, unlesa made good
<br /> by the Mortgagor prior to the due date of the next such payment, constitute an eveat of default
<br /> ' � under this mortgage. At Mortgagee's option, Mortgagor will pay a "late charge" not exceed-
<br /> ,; s ing four per centum (4 % ) of any install ment when paid more than fifteen ( ib) days after the
<br /> g due date thereof to cover the extra expense involved in handling delinquent paymente, but such
<br /> � "late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebted-
<br /> ness secured hereby, unless such proceeds are sufficient to discharge the entire indebtednesa and
<br /> 1 all proper costs and expenses secured thereby.
<br /> '. � 3. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br /> s exceed the amount of paymenta actually made by the Mortgagee, as trustee, for ground rents, taxes and
<br /> ' i ' asseasments or insurance premiums, as the case may be, such excesa shall be credited by the Mortgagee
<br /> ;; � on subaequent paymenta to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br /> p shail be refunded to Mortgagor. If, however, auch monthly paymenta shall not be sufiicient to pay such
<br /> items when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br /> � trustee, a�y amount necessary to make up the deficiency within thirty (30) days after �vritten notice from
<br /> . ; the Mortgagee atating the amount of the deficiency, which notice may be given by mail. If at any time
<br /> ` ! the Mortgagor ahall tender to the Mortgagee, in accordance with the provisions of the note secured
<br /> i l hereby, full payment of the entire indebtednesa represented thereby, the Mortgagee, as trustee, shall,
<br /> ` i in computing the amonnt of such indebtedness, credit to the account of the Mortgagor any credit balance -
<br /> � '• accumulated under the provisions of (a) of paragrspk 2 hereof. If there shall be a defauit under any
<br /> ,': a of the proviaiona of this mortgage resulting 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 /> e time oP the wtnmencement of such proceedinga, or at the time the property is otherwise acquired, the
<br /> -i amoant then remaining to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the
<br /> � intereat accrued and unpaid and the balance to the principal then remaining unpaid on said aote. - '
<br /> �,,a �r .,, ` s
<br /> +.��. 4. The liea of this instrument shall remain in full force and effect during any postponement or exten- f �' �
<br /> sion of the time of payment of the indebtedness or any part thereof secured hereby. J �; �
<br /> � � 5. He will pay all ground rents, taxes, asseasments, water rates, and other governmental or munici- ;�i
<br /> � � pal charges, fines, or iunpoaitions, levied upon said premisea and that he will pay all taxes levied upon this , � ` -' =�
<br /> < ; mortgage, or the debt secured thereby, together with any other taxes or assesamenta which may be levied ,�,;. „'"'�"
<br /> " .� under the laws of Nebraska against the Mortgagee, or the 2ega1 halder of said principal note, on account of
<br /> this indebtedness, except when payment for al] such items has theretofore been made under (d ) of para-
<br /> graph 2 hereof, and he will promptly deliver the officisl receipta therefor to the biortgagee. In default
<br /> thereof the Mortgagee may pay the same.
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