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<br /> �8- (� 0285 � .
<br /> To HwvE qNn To Hor.n the same unto the Mortgagee, as herein provided_ Mortgagor represents to,
<br /> and covenants with, the Mortgagee, that the Mortgagor has good i•ight to sell and convey said premises ;
<br /> that they are free from encumbrance, except as hereinother«�ise recited ; that the Mortgagor �vill warrant
<br /> M and defend the same against the la�vful claims of all persons �vhomsoever. Mortgagor hereby relinquishes
<br /> � all rights of homestead, all marital rights, either iti la�v or in equity, and ail other contingent interests of
<br /> the Mortgagor in and to the above-described premises.
<br /> � � � PROVIDED ALWAYS, and tliese presents Are executed and delivered upon the following conditions, to � - ��
<br /> Wlt :
<br /> Moi•tgagor agrees to pay to the Mortgagee, or oeder, the aforesnid princip�l sum with interest from date
<br /> at the rate of eight an�d three per centum ( $ . 75b ) per nnum on the unpaid balance until paid.
<br /> The said principal and �n�erest shall be payable at the otHce of �irst Federal SaLvings and Loan
<br /> in Lincoln Nebraska , or tit such other lace as tl�ie ho�er o�f the note ma Z
<br /> > P y t�esignate in
<br /> writing delivered or mailed to the Mortgagor, in monthly installments ofTHREE HUNDRED EIGHTY FOUR AND 70 / 10;
<br /> Dollars ($ 384 . 70 ) . �ommencing on the first day of June , 197$ , and continuing on Q
<br /> the first day of each montli tliereafter until said note is fully paid, except that, if not sooner paid, the finul ,`
<br /> payment of principal and interest shall be due nnd payable on the first day of �y 2Opg ; all
<br /> according to the terms of a certain p:-omissory 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, thc entice 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 /> 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 interest payabie 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 sta.ted ) on the first day of ea.ch month untiI said note is fully paid : r"'
<br /> j (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 /> plus taxes and assessments next due on the mortgaged preperty (all as estimated by the Mort- � `
<br /> i gagee, and of which the Mortgagor is notified ) less all sums already paid therefor divided by `
<br /> { the numbei• of months to elanse befoi•e one month prior to the date when such ground rents, `
<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 pursuaut to subparagraph (a ) and those payable on the `
<br /> note secured hereb sh111 Ue aid in 1 sin le �
<br /> y, p g payment each month, to be applied to the follo�v-
<br /> ing items in the order stated : ;`
<br /> �
<br /> (i ) ground rents, taxes, assessments, fire and other hazard insurance premiums ; �
<br /> ( II ) interest on the note secured hereby ; and �
<br /> ( (rtt ) amortization of the principal of said note. `
<br /> i' Any deficiency iri the amount of any such aggregate monthly payment shall, unless made good
<br /> ; by the Nlortgagor prior to the due date of the next such payment, constitute an event of default i
<br /> ;>; under this mortgage. At Mortgagee's option, D4ortgagor will pay a "late charge" not exceed- � '
<br /> � ing four per centum (4 % ) of any install ment ���hen paid more than fifteen ( 15) days after the '
<br /> due date thereof to cover the extra expense invoh�ed in handling delinquent payments, but such �
<br /> "late charge" shall not be payable out of the pi•oceeds of any sale made to satisfy the indebted-
<br /> ness secured hereby, unless such proceeds are sufHcient to discharge the entire indebtedness and
<br /> all proper costs and expenses secured tt-iereby.
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<br /> '` 3. If the tota.l of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br /> � exceed the amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and
<br /> ;; ' assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br /> j on subsequent 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 same shali become due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br /> i trustee, any amount necessary to make 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 ma.i1. If at any time
<br /> _� the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured
<br /> w hereby, Full payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall,
<br /> *� in compnting the amount of such indebtedneas, credit to the account of the Mortgagor any credit balance
<br /> i accwnulated uttder the provisiona of (a) of paragraph 2 hereof. If there shall be a default under any
<br /> . of the proviaions af 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 c
<br /> � , time of the commencement of such proceedings, or at the time the property is otherwiae acquired, the
<br /> r�� ;_
<br /> .f , amount then remaining to credit the Mortgagor under ( a) oP paragraph 2 preceding, as a credit on the -�. �- --�
<br /> °= intereat ' accrued and unpaid and the balance to the principal then remaining unpaid on said note. s:; ; �'
<br /> 4. The lien of this instrument shs31 remain in full force and effect during any postponement or exten- J �; '� �
<br /> sion of the time of payment of the indebtedness or any part thereof secured hereby. c;;;. �
<br /> . . .. i,:; :;
<br /> `� S. :He will pay all ground rents, taxes, asseasments, water rates, and other governmental or munici- � �;,
<br /> ,� pa1 charges, Rnes, or impositions, levied upon said premises and that he will pay all taxes levied upon this ' � , �;�� •� ,
<br /> � mortgage, or the debt aecured thereby, together with any other taxes or assessments which may be levied " ' � °"- ' '
<br /> � under the laws of Nebraska against the Mortgagee, or the legal holder of said principal note, on account of
<br /> 'p this ,indebtedness,;except when payment for all such items has theretofore been rnade under (a) of pa.ra-
<br /> �i graph 2 hereof, and he wiil promptly deliver the of5eial receipts therefor to the Morts�a�ree. In default
<br /> s thereof the Mortgagee may pay the same. . -
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