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<br /> '7 $-- U02478
<br /> To HnvE prrn To Hot.n the same unto the Mortgagee, as herein provided. Mortgagor represents to, ,
<br /> and covenanta with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises ;
<br /> I that they are free Prom encumbrance, except as hereinother�vise recited ; that the Mortgagor will warrant
<br /> and defend the same against the Iawful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br /> all ;ighte ofhomestead, all marital rights, either in law or in equity, and all other contingent interests of
<br /> � the Mortgsgor in and to the above-described premises.
<br /> Pxovinsn Anwwxs, and these presents are executed and delivered upon the following conditions, to
<br /> � wit :
<br /> � i Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br /> at the rate of -Ei ght and tht'ee/quartersentum ( 8 , 7yo ) per annum on the unpaid balance until paid.
<br /> The said principai and interest shall be payable at the office of Cortmerci dl Federal Savi ng5 & Lodn Assn ;
<br /> ia Omahd , Nebr'd5kd , or at such other place as the holder of the note may designate in
<br /> � writing delivered or rnailed to the Mortgagor, in monthly instaliments of Two Hundred Thi rty- Fi ve dnd 31 / 100
<br /> � Dollars ($ --235 . 37 -- -) , commencing on the 6rst day of June , 297g , aad continuing ort
<br /> ? the first day of each rnonth 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 Mdy , 2008 ; ail
<br /> ; according to the terms of a certain promissory note of even date here�vith executed by the said Mortgagor.
<br /> � The Mortgagor further agrees :
<br /> . ; 1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br /> � time, without premium or fee, the entire indebtednesa or any part thereof not less than the amount of one
<br /> , � inatallment, or one hundred dollars ($100 .00), whichever is less. Prepayment in full ahall 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 /> i truat as hereinafter stated) on the first day of each month until said note is fully paid :
<br /> '; j (a) A sum equai 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 /> 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 elapse before one month prior to the date when such ground renta,
<br /> - � premiums, taxes and assessments �c•ili become delinquent, such sums to be held by Mortgagee ;
<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 /> � ,�,
<br /> , note secured hereby, shall be paid in a single payment each month, to be applied to the follow-
<br /> ( ing items in the order stated : / ""�""" '
<br /> j (i ) ground rents, tnxes, assessments, fire and other hazard insurance premiuma ; `
<br /> j (it) interest on the note secured hereby ; and
<br /> f (Iii) amortization of the principal of said note.
<br /> , � Any deficiency in the amount of any such aggregate monthly payment ahall, unlesa made good
<br /> :j 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 instail rnent when paid more than fifteen ( 15) days after the
<br /> ' j due date thereof to cover the extra expense involved in handling delinquent paymenta, but such
<br /> i '7ate 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 indebtedness and
<br /> ', � all proper costs and expenses secured thereby.
<br /> � � 3. If the total of the paymenta made by the Mortgagor under (a) of paragraph 2 preceding shall
<br /> ;., ; e.a�ceed the amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and
<br /> j assesaments or insurance premiuma, as the case may be, such excess shall be credited by the Mortgagee
<br /> { on aubaequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br /> ; 1 shall be refunded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such
<br /> � � itema when the same ahall 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 Mortga.gee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br /> i the Mortgagor ahaA tender to the Mortgagee, in accordance with the provisions of the note secured
<br /> � hereb , fuA
<br /> ; y payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall,
<br /> y � ia computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br /> accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under any
<br /> "'� of the provisiona o'f this mortgage resulting in a public sale of the premises covered hereby, or if the
<br /> y � Mortgagee acquirea the property othenviae after default, the Mortgagee, as trustee, shali apply, at the
<br /> x.� time oP the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br /> � amount then remaining te credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the -. �� � `�
<br /> �;� interest accrued 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 during any postponement or exten- � � ' �'
<br /> aion oP the time of payment of the inde}atedness or any part thereof aecured hereby. � "
<br /> , �� '; :
<br /> . b. Iie will pay alI ground rents, taxea, asaeasmenta, water rates, and other governmental or munici- e . 'r "
<br /> ,{� psl chargea, fines, or irnpositione, levied upon said premises and that he will pay all taxea levied upon this t; . „ ," ;�,. -
<br /> �; mortgage, or the debt secured thereby, together with any other taxes or asseasmenta which may be levied ""' �" ��'- '
<br /> : � under the laws oE Nebraska against the Mortgagee, or the legal holder of said principal note, on account of
<br /> ;�� thia indebtedneas„e�ccept when payment for all auch it.ema has theretofore been made under (a) of para-
<br /> � graph 2 'hereof, and he will promptly deliver the ofticial receipts therefor to the Mortgagee. In defauit
<br /> , thereof the Mortgsgee may pay the ssme. �
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