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<br /> To HA'vE aivn�o Hoa.D the same unto the&�Ior�gagee. :is herein provided. Mortgagor represents to�
<br /> and covenan�s w ith, the Mortgagee.tl►at the biortgagor.has gooc! right to se11 and convey said premises;
<br /> that they are free from encumbrance,except as hereinother�vise recited;that the Mortgag+or will warrant
<br /> and defend Ehe came against the la�vful claims of all�ersons�vhomscever. Mortgagbr hereby relinquishes
<br /> al1 rights of haraesEead.all marital rights,either in�a�v�r in e�uity,and a}1 ether contingent interests of
<br /> r� the Mortgagor in nnci to the abo�e-described premises. , �
<br /> Prto�nm ALwAYS.and these presents.are executed anci delivered upon the following conditiona, to
<br /> �t: , _
<br /> 111aptgagor agrees to pay to the hlortgagee,or order,tl:e aforesreid principal sam with interestifrtom date �
<br /> at the rate of N i ne and One-Ha 1 f per centum`�•S��o) per annvm on the unpaid batanee untii paid.
<br /> The said prineipal and interest shall be payabie at the office of COLUMHUS FEDERAL SAVI N65 BANK
<br /> �n�pLUi�B�S. NE ,or at such other place as the holder of the note may desigaate In
<br /> wn vng el�vered or mail�d to the Mortgagor,in monthly installmentsof Two Hundred Eighty and e5/100 -----
<br /> ______Do11�r�($___ �+cummencingon the first day oY Apri 1 ,19 90 �and continuing on
<br /> , the first day of�h�onth thereafter until said note is fully gaid, except that,if not sooner psid,the final
<br /> . payment of principal and interest shall be due and payab2e on tfie Brst day of t�arch, 2820 ;all
<br /> accosding to the terms of a certain promissory note of even date herewith executed by the$aid Martgagor.
<br /> �'he Mortgagar further agrees: •
<br /> 1. He/ahe wiU pay the indebtednesa, as hereinbefoie provided. Privilege is re�erved trs p�ag at anq
<br /> time, �►iffiout premiu�ar f��e entire inde6tedness or any parE�ereof not le»thu►the ua,�nt.of one
<br /> ; inatallment� or one hun�dviTts�s (�100.00)�whichever is less.Prepayment in fuli shall be cretfi�d.-mn the
<br /> ' : date recei�ted. Partial prepayr��.rs.�, other thaa on an ingtaliment due date,need not be creditet�un�i1 Qbe
<br /> � �neat following installment due a�ai�or tbirty days after such prepayment,wbichever is earlies �
<br /> 2. Together with,and in addition to,the monthly payanenta of grincipal and intereat payable nader
<br /> the terms of the note secured h�3ay,biortgagor will pay to Mortgagee,as trustee, (under the terms of this
<br /> : truat as hereinafter statedj or��F.i�firat day of each month until said note is fully paid:
<br /> • (a) A sum equ�B�c;.the ground rents,if any,next due, plus the premiums that will next become due � '
<br /> � and payar�i�on policie�of fire and other hazard inseirance covering the mortgaged praperty� •
<br /> plus taxes and asses.�nzents next due on the ntortgaged property (all as estlmated by Ehc�Mo� .
<br /> � �agee,and of tivhi�h t3,r�Iortgago�•is notifc«�a) less all sums ali�ad� paid therefor ditafr�c�d by .
<br /> i the number of months�t;o elapse before one month prior to the date when auc� gcoutt�t rente, . �. � �:
<br /> premiums, taxes and assessments�vill become delinquent.such suma to be keld by Mortgagee ;•�`;Y".'
<br /> :�,:. -
<br /> � in trust to pay said ground rents,premiums,taxes and special assessmente. � ,
<br /> (6) The aggregate of the amounta payable pursuant to subparagraph (a) and thoae payable on the . -
<br /> note secured hereby,shall bs paid in a single payment each month,to 6e applied to the follow-
<br /> ing items in the order stated: -
<br /> (t) �c=a,.d renta,taxes,as��sments, fire and othr;�L,azard insurance premiuma; �
<br /> (1t) it��:;-�ston the�otesecured herebyL�nd �
<br /> (III) am���tizaticrr �c,f#he pi•incipal of�.�i���ote.
<br /> ; �ny aefie:ency in the amount of�n;�such aggregate m�nthiy payment ahall,un�eas m�de good Y
<br /> by the 3f��.n,gagor prior to the duc�ate of the next sucln payment,constitute r�ax�vent of deYsult :.��z .
<br /> � under th i.��mo��tgage. At Mortgagee's aption,Mortgagor will pay a"late charge"not exceed- , `'
<br /> ing four per centum (4���) of any install ment�vhen paid more than fifteen(15y days after the �
<br /> ; due date thereof to cover the extra expcnse involved in handling delinquent paymente,buteuch
<br /> , "late char:ir�:';shall not be payable out of the proceeds of any sale made to satisfy the indebted• ;��
<br /> ness sec�r�t+��i��nei•eby,unless sitch proceeds are sutificiertt Co discharge the entire indebtedneae and �
<br /> � all proper•r;:sts and expenses secured thereby.
<br /> j 3. If the total of the paymex:ta made hy the Mai�fi,gagor under (a) of paragraph 2 precedin�eIaall
<br /> ; exceed the amount o� �aymenta actually m.�de by the Mortgagee; as trustee,for ground rents.taxe�snd
<br /> ; �L:r_�ssments or insuraii�E premiums.as tli�ease may be,such exc�ss ehall be credited by the Mortgugee
<br /> � �n subsequent payments to be made by the Mortgagor for such items or,at Mortgagee'a option,�truatee,
<br /> shall i�e refunded to Mortgagor. lf, however.auch monthly payments shail not be sufficient to psy auch
<br /> items whefl the same shall become due and payabte. then the Mortgagor shall pay to the Mortgage�e, as
<br /> truatee,any amount neeessary to make up the deficiency within thirty(30)dapa after written aotice irom
<br /> the Mortgag�ee stating the amount of the deficiency, which notice may be given by mail. 7f at any time
<br /> the Mortgagor shall tender to the Mortgagee� in accordance with the provieiona of the note aecured
<br /> hereby. full �ayrnent of the entire indebtedneae repreaented thereby. the Mortgagee, ue trnstee, ahall,
<br /> in computing the amount of s�rch indebtednesa, credit to the account of the Mortgagor any eredlt baLaee
<br /> accumulated under the proviaions of (d) of paragraph 2 hereof. If there ehall be a detault underany . = --�-=
<br /> of the provisions of this mortgage resulting in a publfc sale oP�the premiaea covered hereby. or it the '
<br /> Mortgagee acquires the proDetty otherwise after default, the Mortgag�ee, as truatee, ahall appl�r, at the
<br /> time of the commencement of such proceedinga,or at the time the property ia otherwiae aequired, the
<br /> amount tfien remaining to credit the Mortgagor under (a) of paragraph 2 precedin�,aa a credit on the
<br />. ir_tpres*_zzcrue��nt� tenp:.i�i srsc�t�i��atance to thE pr�.-cei�ial f;ien r�mainin�onpsici an e�tid tt6te. �" ,
<br /> 4. The lien�f this instrument shali rem�in in full force and ef�ect during any po�tponement ur exten• . �
<br /> Lsion of the time oF pat•ment of the inde6tedness nr nnv nart thereof secured hereby.
<br /> �t
<br /> 5. He/she will pay aJl �nraund rents, tsxes, eatetamenta. watet rates, and other govemmental or r`
<br /> municipal charges,tines. �s impasitiu�i�s, levied upon eud premiies end that he/a�he will pay aU taaH levied ��
<br /> upon this mort{�e, or the deh+secured thereby.together with any other taxe�or auermenb�rbich may �� ���'
<br /> he i�vie$ under ti�e laws of N�brasko agair�at th� bfortgagee� or the f�gaf hatder Af aud princlp�l note, on `
<br /> accuuut c,E thiQ dndebteci�iess, f•xcept when payment for eU such iteme h�a theretofore 6een rnide u�der(a)
<br /> vf par�rarh 'l hE•reuf.n�ed f���lshe wi11 prcrmptly deliver the ufticiul receipte thrr�fc�r to tAe Martg�gee. In
<br /> �tc�fault thErE�mt t�te hlurt��E�� tnay pay the sarne.
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