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<br /> 78-; ,� �j1377
<br /> To HwvE aND To HoLD the asme unto the Mortgagee, as herein provided_ Mortgagor represents to, :
<br /> snd 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 /> � and defend the same against the lawful claims of all persons wliomscever. Mortgagor hereby relinquishes
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<br /> e all rights of homestead, all marital rights, either in law or in equity, and all other contingent interests of
<br /> ; the MorEgagor in and to the above-described premises. f. -
<br /> ' PrtotnDsu ALwpYs; and these presents are executed and delivered upon the following conditions, to
<br /> � wit :
<br /> . .
<br /> ' Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from dlte
<br /> ; at the rate of eight and one half per centum ( 8 . 5 % ) per �nnum or� the�n�aid, balance until paid. '
<br /> The said rinci al and interest shall be ayable at the office of F1rst Fe era avings and Loan
<br /> p p p Association of Lincoln "
<br /> ; �y LincoZn , Nebraska �'
<br /> , , or at such other place as the holder of the note may designate in
<br /> 4 writing deli�vered or mailed to the ;VIortgagor, in monthly instaliments of 2'wo NUNDRED EIGHTY ErGFIT AND 34/Z0 � .
<br /> t Dollars ($ 288 . 34 ) , commencing on the first day of �y , 29 7g , and continuing on D; .
<br /> i the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final i
<br /> � payment of principal and interest shall be due and payable on the first day of Apri1 2008 ; ail r
<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 /> F 1. He tivill pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br /> i 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 /> rthe 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 interest payable under E
<br /> ythe terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, ( under the terms of this : '
<br /> E trust as hereinafter stated) on the first day of each month until said note is full ` `
<br /> Y Paid : �
<br /> a (d) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due ( .
<br /> 3 and payable on policies of fire and other hazard insurance covering the mortgaged property, �
<br /> i plus taxes and assessments next due on the mortgaged property ( all as estimated by the Mort-
<br /> f gagee, and of �vhich the Mortgagor is notified ) less all sums already paid therefor divided by t
<br /> } the number of months to elapse before one month prior to the date when such ground rents, i
<br /> � premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee �
<br /> � in trust to pay said ground rents, premiums, taxes and special assessments. ,
<br /> (b) The aggregate of the amounts payable pursuant to subparagraph (¢ ) 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 /> I ing items in the order stated : �
<br /> � ( i) ground rents, taxes, assessments, fire and other hazard insurance premiums ; ;
<br /> + (II) interest on the note secured hereby ; and ;
<br /> � (itt) nmortization of the principal of said note_ �
<br /> Any deficiencp in the amount of any such aggregate monthly payment shall, unless made good
<br /> by the NIortgagor prior to the due date of the next such payment, constitute an event of default C
<br /> under this mortgage. At Mortgagee's option, l�iortgagor will pay a '9ate charge" not exeeed- �
<br />� 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 delinqnent payments, but such z
<br />� , "late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebted-
<br /> C " ness secured hereby, uniess such proceeds are sut�icient to discharge the entire indebtedness and �
<br />� all proper costs and expenses secured thereby.
<br /> r � 3. If the tota.l of the payments made by the Mortgagor under d of
<br /> ' � ( ) paragraph 2 preceding shall
<br /> exceed the amount of paymenta actually made by the Mortgagee, as trustee, for ground rents, taxes and
<br /> , � assessments or insurance premi�ms, as the case may be, such excesa shnil be credited by the Mortgagee �
<br /> 4 on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br /> shall be refunded to Mortgagor. If, however, such monthly payments shall not be sufi'icient to pay such
<br />� '� items when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br /> � trustee, any amount necessary to make up the deficiency within thirty ( 30) days after written notice from
<br /> � the Mortgag�ee atating 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, shali,
<br /> : f in computing the amount of auch indebtedness, credit to the account of the Mortgagor any credit balance
<br /> ; ' ' t accumulated under the provisions of (¢) of paragraph 2 hereof. If there shall be A default under any
<br />_ . of the provisions of this mortgage reaulting 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 othenvise acquired, the
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<br /> ' amount then remsining to credit the Mortgagor under (¢) of para,graph 2 preceding, as a credit on the
<br />'" ; ' , `interest `acerued . and unpaid and the balance to the principal then remaining unpaid on said note.
<br />` ` ' 4. The lien of this .instrument shall remain in full force and effect durin an
<br />� ^ g y postponement or exten-
<br />�° ,aion of the time of payment of the indebtedness or any part thereof secured hereby.
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<br /> + b. He wiil pay all ground rents, taxes, assesamenta, water rates, and other governmental or xnunici-
<br />� pal charges, fines, or impoaitions, levied:upon said premises and that he will pay all taxes ]evied upon this
<br /> ;� "� mortgage, ar the debt secured thereby, together with any other taxes or assesaments which may be levied
<br /> ; �. under the laws of Nebraska againat the Mortgagee, or the legal txolder of said principal note, on account of
<br /> ' this . indebtedness, except when payment for al] such items has theretofore been made under (¢) of para-
<br /> ; graph 2 hereof, and he will promptly deliver the officisl receipts therefor to the Mortgagee. In default
<br /> + thereof the Mortgagee may pay the snme.
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