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<br /> �8- 002367
<br /> To EiavE wND To IIoLD Lhe sama unto the SSortgagee, as herein provided. Mortgagor representa to,
<br /> and covenattts with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises ;
<br /> i that they are free from encumbrance, except as hereinotherwise recited ; that the Mortgagor will warrant
<br /> and deYend the same against the la�vful claims of all persons whomsoever. Mortgagor hereby relinquishea
<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 /> :i PRovmEn At.WnYs, and these presents are executed and delivered upon the following conditiona, to
<br /> C wit :
<br /> ? f
<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 ( 8 . 5 % ) pe �nnurr�,o the un aid balance until paid.
<br /> ! The said rinci al and interest shail be a able at the office of � rst e�eral Sp in�� and Loan
<br /> � p p p 3' ssociat on of ��nc n
<br /> f in Lincoln , 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 EIGHTY SIX AND 53/ 10
<br /> ; Dollars {$ 3 86 . 53 ) , commencing on the first day of J�une , 19 78 , and continuing on 0 ;
<br /> ' the first day of each month thereafter until said note is fully 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 May 2008 ; all
<br /> ' according to the terms of a certain promissory note of even date here�vith executed by the said Mortgagor. '
<br /> ; y The Mortgagor further agrees :
<br /> 1. He will 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 dollara ($100.00), whichever is less. Prepayment in full sha]1 be credited on
<br /> i the date received. Partial prepayment, other than on an installment due date, need not be credited untii
<br /> � the ne� fQlow�s_g i�stzllment due date or thirty days aiter aucn prepayment, whichever is earlier.
<br /> { 2. To ther with and in addition to the monthl
<br /> ' ; SQ . , y payments of principal and interest payable under
<br /> r the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, (under the terms of this -.�'
<br /> � trust as hereinafter stated) on the first day of each month until said note is fully paid :
<br /> � (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due `. , �
<br /> and payable on policies of fire and other hazard insurance covering the mortgaged property, ° ;';
<br /> : j 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 number of months to ela se before one month 3 " `"
<br /> p prior to the date when sueh grouad renta, e
<br /> premiums, taxes and assessments «•ill 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 (a) and those payable on the
<br /> note secured hereby, shali be paid in a single payment each month, to be applied to the follow- r�- "
<br /> ing items in the order stated :
<br /> (t) ground rents, taxes, assessments, fire and other hazard insurance premiums ; j
<br /> (II ) 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, unleas 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 "late charge" not exceed-
<br /> ing four per centum (4 % ) of any install ment �vhen paid more than fifteen ( lb) 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 o4 any sale made to satisfy the indebted-
<br /> nesa secured hereby, unless such proceeds are sufficient to discharge the entire indebtednesa and '
<br /> all proper costs and expenses secured thereby.
<br /> 8. If the total of the payments made by the Mortgagor under (¢) of paragraph 2 preceding shall
<br /> � exceed the amount of payments sctnally made by the Mortgagee, as trustee, for ground rents, taxes and
<br /> asaessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br /> on aubaequent payments to be made by the Mortgagor for auch items or, at Mortgagee's option, as trustee,
<br /> shall be refunded to Mortgagor. If, however, such monthly payments shall not be sufticient to pay auch .
<br /> items when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br /> truatee, 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 de8ciency, which notice may be given by mail. If at any time
<br /> the Mortgagor ahsll tender to the Mortgagee, in accordance with the provisions of the note secured
<br /> hereby, fuli payment of the entire indebtednesa represented thereby, the Mortgagee, as truatee, shall,
<br /> in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br /> accumulated under the provisions of (¢) of paragraph 2 hereof. If there shall be a default under any
<br /> of the provisions of this mortgage resultittg in a public sale of the premisea covered hereby, or if the �
<br /> Mortgagee acquirea the property otherwise after default, the bIortgagee, as truatee, shall apply, at the
<br /> time of the commencement of auch proceedings, or at the time the property is otherwise acquired, the .. �.--:
<br /> ambunt then remainiag Lo credit the bSortgagor under (a) of parsgraph 2 preceding. as a credit on the ,. A �
<br /> interest accrned and unpaid and the balance to the principal then remaining unpaid on said note. � �, ;. ,� " �
<br /> 4. The lien of this instrumentshali remain in full force and effect durin an '� ' �
<br /> g y poatponernent or exten- >
<br /> sion of the tiane of payment of the indebtedness or any part thereof secured hereby. � �
<br /> y �b. He W�71 a �sll � i
<br /> p y ground rents, taxes, assesaments, water ,rates, and other governmental or munici- �"„' �, ,
<br /> ; pal chargea, finea, or impositions, levied upon said premises and that he will pay all taxes levied upon this ^<`� ,--�
<br /> mortgage, or. the debt secured thereby, together with any other taxes or asseasmenta which may be levied
<br /> aader the 1aVva oYNebraska against the Mortga.gee, or the legal holder of said principal note, on account of
<br /> tltid,iadebtednesa, except when payment for ali such items has theretofore been made under (¢) of paxa-
<br /> grsph 2 hereoP, and he wil] promptly deliver the official receipts therefor to the Mortgagee. In default �
<br />� thereof the Mortgagee maq pay t2�e same.
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