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<br /> 78-- [) O1 N48
<br /> TO HqvE qt�tn To HoLn the same 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 /> and defend the same agair�st the lawfui claims of all persons whomsoever. Mortgagor hereby relinquishes �,
<br /> all rights of,homestead, ail marital rights, either in la�v or in equity, and all other contingent interests of
<br /> ttie Mortgagor in and to the �tbove-deserikied premises.
<br /> PROVInEu ALwp3rs, 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 date
<br /> at the rate of eight and one half per centum . 5 �o
<br /> (8 / ) per annum on the unpaid baIance until paid.
<br /> The said principal and interest shall be payable at the office of Fi s t F de al S vi s nd Loan
<br /> itt Lincoln Nebraska �ssocPiat�on o� L��co�
<br /> , , or at such other place as the holder of the note may �esignate in
<br /> writing delivered or mailed to the Mortgagor, in monthly instaliments ofTwO HUNDRED THIRTy EIGHT AND 36 / 100
<br /> Dollars ($ 238 . 36 ) , commencing on the, first day of ��, , 19 �g , and continuing on
<br /> the first day of et�ch month thereafter untif snid note is fulfy paid, except that, if not sooner paid, the finat
<br /> payment of principal and interest shall be due and payable on the first day of Ap ril 2008 � a» ''
<br /> according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor. �
<br /> The Mortgagor further agrees : t
<br /> 2. He will pay the indebtedness, as hereinbefm•e pirovided. Privilege is reserved to prepay at any
<br /> �+ time, without premium or fee, the entire indebtedness or at�y part thereof not less than the amount of one �` s
<br /> installment, or one hundred dollars ($100A0) , 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 and internst payztble un�er
<br /> the terms of the noLe secured hereby, Mortgagor will pay to Mortgagee, as trustee, ( under the terms of this
<br /> truat as hereinafter stated) on the first day of each month until said note is fully paid :
<br /> (a) Ei sum equal to the ground reFits, if any, next due, plus the premiums that wil! neact become due `
<br /> and payable on policies of fii•e and other hazat•d insurance covering the mortgaged property, 41
<br /> plus taxes and assessments next due on the mortgaged property (all as estimated by the Mort- '
<br /> gagee, and of which the Mortgagor is notified ) less all sums already paid therefor divided by �
<br /> the nurnber of months to elapse before one month prior to the date when such ground rents, c - *`°_'
<br /> premiums, taxes and assessments ���ill become delinquent, such sums to be held by Mortgugee >
<br /> in trust to pay said ground rents, premiums, taxes and speeial assessments. � `
<br /> i:.
<br /> (b ) The aggregate of the amount4 payable pursuant to subparagraph (a) and those payable nn the ' %5
<br /> note secuxed hereby, shali be paid in a single payment each mwith, to be applied to the follos�•- ` ;'�a
<br /> ing items in the order stated : ;;���
<br /> (i) ground rents, taxes, assessments, fire and other hazard insurance premiums ; Y �f
<br /> ri,
<br /> `"' (tt) 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, unl�s made good
<br /> by the blortgagor 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 `9ate charge" not exceed-
<br /> ing four per centum (4g'o ) of any instaflment when paid more than fifteen ( 15) days afterthe
<br /> due date thereof to cover the extra expc:use involved in handling delinquentpayments, but such
<br /> "Iste 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 su(i'icient to discharge the entire indebtedness and
<br /> all proper costs and expenses secured thereby.
<br /> 3. If the totat of the payments made by the Mortgagor under (cc) of paragraph 2 preceding shall
<br /> exceed the amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes aad
<br /> assessmenta or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br /> on subsequeat payments to be made by the Mortgagor for such items or, at Mortgagee•s option, as trustee,
<br /> shall .be refunded to Mort,gagor. If, however, such monthly payments shall not be sufFicient to pay such
<br /> items when the satne shsll become due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br /> ixustee, snY amount necessary to tnake 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 aecordance with the provisions of the note secured
<br /> hereby, full paqment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shalI,
<br /> in computing the amount of such indebtedness, credit to the a.ecount of the Mortgagor any credit balance
<br /> accumulsted under the provisiona of (a) of paragraph 2 hereof. If there shall be a defauit under any
<br /> of the provisions af this mortgage resulting in a public sale of the premises covered hereby, or if the
<br /> Mortgagee acquires the property otherwise after default, the Mortgagee, as trustee, shall apply, at the
<br /> - time of the commencea�ent of such proceedings, or at the time the property is otherwise acquired, the
<br /> amount then remaining to credit the Mortgagor imder (a) of paragraph 2 preceding, as a credit on the �"'`��' �'�'
<br /> interest accrued aad unpaid and the balance to the principal then remaining unpaid on said note.
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<br /> 4. The lien of this instrument shallremain in full force and effect durin an n , �
<br /> eion of the time of S Y Postponement or exten- � ;
<br /> payment of the indebtedness or any part thereof secured hereby. �, ; '
<br /> b. He will" pay 'sil ground rents, taxes, asaessments, water rates, and other governmentai or munici-
<br /> Pa1 ohsrSes, 8nes, or impoaitions, ]evied upon said premises and that he will pay all taxes Ievied upon this x � ! �'�''�
<br /> mortgage, or the debt secured thereby, together with any other taxes or assessments which may be levied � � w
<br /> , , .. .
<br /> under the laws"of Nebraska against the Mortgagee, or the legal holder of said principal note, un account of
<br /> this,indebtedness, ' except when payment for all such items has theretofore been made under (a) of para-
<br /> graph 2 hereof, and he will promptly deliver the otficial receipts therefor to the Mortgagee. In default
<br /> thereof the Mortgagee maY paY tiie same. �
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