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<br /> - � . � - � � sa----�io�a�$� :
<br /> , � , . T�HwVt�D To Hotd►the a�tme unto the Mortg�g�e,as herein provided Morty�tgor reptesents to, ` .
<br /> _ _ _ uu�rnvnn��t��ith,.the�l�S�r�R�!h�*_��ortg�gor h�s Sood right to sel!-��c�n�.�e�asid premises: . . • — - -- � -
<br /> � , � �thst they�re free feam encumDrance.except�as hereinotherwtse rPe�ted;that the Mortgagflr will wa►�rant
<br /> � , � and•detend the s�ame a�ai�tst the lawfiui c[aims of afi persons whomsoever. Mortgagor hereby relinquiahes '
<br /> : � • �I ri=ltts t►�fcom�ste�d.att ma�ital rights,either.ia l�w or in equity,and a!1 other cantiAgent i�terests of ` .
<br /> � the�art�igar jn and Lo t�s�v�-describ�s!Dreiuiae�. - � '.. .' , �
<br /> ` - P1e0�tm�A�.w�7ts,sad thtse presenfs are 4aeci�tt�d and 8eliveeed upon the foDowi�coeditio�s.ta • � �
<br /> , wit: � - � �
<br /> � � . Mortjasor asrets to psy ta th�Mort�e�erorder,thesforesaid principal sum with istenst fro�date
<br /> - at tTit nte of Ten Rer centum ( 10 lo) Per annum on the uupaid 1�Junce unt�paid. .
<br /> . The eaid principal and int�rest ahsll be paysbte at the office ot The Equitable Buildi�g end loan Ass'R., �
<br /> . � Grand Island. Nebraske .or at such ather piace as the holder di the note msy designste in
<br /> ` wrItta�delivered or mailed to the 3iortgagor,in monthly Installments o! fot�r Hundreci Sixty Nar�e 8nd 50/100
<br /> : I�liara(; 469.50 ),commeneing on the first day oi July 1 �19 9Q ,�nd cont[nuing an
<br /> tlte first dsy oteach month tiiereafte�untit said note is fnUy paid,exsept that,it not sooner Faid,the final . �
<br /> pa►gment of p�Incipal and interest sriaii i�d�e and paqabte on ihe firat,c�y of June 2, 2d2i1' `. ;all . '
<br /> accordin�to the terma of a certain promissory note of even date.herc�ith executed by the s�tii���Iort�or.
<br /> . � . The 1[ortgvtgor further a�ees: . �. .. . .
<br /> - , �3. H%tts wrfU p�yr �e inckbtedpe�, �s heninbefore prd�vIded�Pr�.i?ilege u ses��sred to:�i;erp�,y at any �
<br /> , . ,, � l�e,withaut pnmiura ar fee. t�►e entire indebte�dnas or any put thi�of notlers than the amount of one
<br /> " irstt�mentg, or one hundr�ed do�la�s (=100.00�ehichever i�Ie�.Prep�yment in ful�ehall be credited an the
<br /> � . � daLe�received. P�rtI�t prep�yatent� otbes thaa an an ir•at�llment due date, need noE 6e cr�dited ttt�tiJ t�e •
<br /> nest follow�ng inataflment due dat�or thirty dsye after such prepsyment�whichever is eulier.
<br /> � 2.��o�ether with,and in additiott to.the mantfilq pz►ymenta ot priacipal and intereet.pst,ya►61e under
<br /> , . tlte�rtra af the nate$ecurec!herebY.l�iugtgagor wifl ps�y to Mottgagee,x�s trusG.�e, (uader.t�tis t+�rms of this
<br /> � trust as he�r+elirs��tes stsEed} on tbe firuE dsy of�rch month unte!aaid note�a fully paid: ' � , �
<br /> � � .; • (a) A�utti.�aquat tc►the qround rent�,if any;next due, plus the premiums that wi11 ne�EG�fioecome due � .
<br /> " � att��tayablr un policies af fire and�ttier hazarA insurance cavering the mortgifgi��: property.
<br /> - .':�1� Plda taxes znd aesessmenta next du��esr th��martqaued prapc�rtY talt asestimated fiy the Mort- � � �
<br /> � � �t.�,�and�f which tite�iortgagor is notiii��d) Itss all Kum.y already py�id thesefor divlded bq �
<br /> � . th��c�:mber of rrtontha to��fapse tmfoee�►ne month prior t�� the date tvhen auch ground rents. �
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<br /> � pretniums. taxes an��i��:�mc•nts �cil1 t,t�come delin��uc nt,�ueh sums to be held by Mostgagee '
<br /> - - - ra�rasi io
<br /> : p�y sa'ra�rvvnci rrnfs,prnmiamg.inxcg t�nu specisi a�sessrriel��. - - --- '
<br /> � (b) The aggre�ate ai'the atl7�unta pa►yable pursaant to ���I�p�raRraph Ia► and thoee paysble on the
<br /> � note aecured hereby.ahali i�e{t.�id jn a single p�ymcant each monEh.to be 8ppl�ed to the fotlow- -
<br /> , ing items in thr orcler stated: � .E__
<br />, . � , (t) grnund rfint�+,t�xeq.AFSPStsilli�nts. (ire and c►ther ha�.�rd in�urr4nc�Nrem.i�itrts; '
<br /> (II) inteeest c?n t�e nate securerl hct�a�i�y;und �
<br /> • (�d.�) amortiu►tion at,the principal of sni�!noie. .
<br /> .. . Ar��±�cficiency in the an�uY�nt nf.�n�gu�f� �g�r�qat��munthly payrnent�hAp.un2ets msde gaod
<br /> . � by th�.�iN6t't���OF tff�AT t0�IIC t�itP(I:itf����f tite next Sttrh pgyment.conatitute en e�ent of detautt
<br /> , . ' - under this mor�gage. .At 111ortKr�gr,cr:S �►pti�m,Ai�rtRtt�or will i►ay n"iste chsr�e"�tat exceecl-
<br /> � in�four per ce�:tum (4<<) of any i��.�stallatet►t�ch�m paid morethan fi�teen(15�c�.�►ys afterthe
<br /> � � ' ��� due-date thereof to cover the c�xtr.z c•x��us��in�•n����.!in handling�tc�linqu�nt pay�nent�,but eucA .
<br /> ••ls�tcr r�harge"sha11 not t�.�.p�y c�bte r►ut os thr. �tij•ctrrsK•dR of aay esle m�dc►P.�atttiafy tite indebEed- �
<br /> , neaa accured herrby.unle9s Auch�►zyrce���is t�re!t(II}j!'IE'1!t i�,disci�urge the entirc itt�iet�tedneast�rid � ;
<br /> , w11 proper caets and expenses�e.rure�i thrreby. ,
<br /> � � 8. 1i the tota�l ot the q�ymcnte m�cle by thc Mvrtgugor under (o) at pat�g7raph 2 pr+eceding ehali
<br /> exc�cd the�ttnat��t vi paymcnte�ctuaD�y made by tlie l�i�rtg���. as trurts.�E•, tor qre,und rentl+.taxe9 ar.d
<br /> �sitnents or Irr�wr�►nce prnmiuma,as the caae may h�,euch�xc�ss ahall be creriited by the Mortgagc�
<br /> . on a�b�equenl�pLyen�nte W�made by thc Mort�ng�r.fc�r.au�ri itrrr�t►r.at Mortgagee'�uptiu�,a�ttustee, - - - �
<br /> sh�11�be retunded t[►biort�tg�r. fi� howevc�r,s��h mantl�ly �yments r•hail not be auffirien:to pay aucfE
<br /> iterr�s when the s�mc ah�ll become due and payabte. then t�.e :11ort�ga�r ehal! �a�t t,c►the btort�gt.�c�,as
<br /> truatee,any�tmount necesasry tu mak�•up the�eficiNncy within thirty(:i(►) �1ays att�,r written n��tirN fr�,m
<br /> � the Mortr�!e�tstin�tht amount of the deflcfertcy, which notice nfsy 6e given by maii, li at any time
<br /> the Mortssror etull tender Eo the Mort�tgre, in uccarrdance with the pruvisiuu� ctf thc* nute RfCUPC'O
<br /> � hex+eby, iuli �ymen! c�f th� rntir�e in�tebtednesa reU�'sented tht�rE�t►y. the 1�lortRageP. n�9 truatce. ehall,
<br /> in camputing tfiA amount at euch ind�btednetu,credit t�►th�ucroimt nf the�iortgagor any rredit batanre
<br />: ieeumutate� undes the proviaions �f (a) c�t p�aea�roph 2 hercof. tt therc�ahall be a deSaatt uncter any
<br />� � of the pravIsiona o!ther morE�ge reaultfng in a pubtie satc� af the vr��mis�es cavc�rc�d hrreby. or if the �°��--"-"
<br /> Mort��ee acpuirea th� property otheswise biter defc�ult. the A��PLgA�'�. aa tr�u�t��e, Sha�l t�pply�s�t thE� "
<br /> tim�of th�.» Comaieucement mf euch ptrxeedings. ar At Lhe time the pro�erty ie oiherwise ac�uired. the
<br /> amot�nt then remai�r� t�csedlt the Mo'rt�C#1Cor undQS ta) ot�aragrapl�Z nre�e�ing as aa crerlit on th� .. _ _ _
<br /> �.� - � inferc��accrueci�nd unpaicl and the t�,lane:�r t�the prirecipal th�n rtemainirtg unpaid on eaid note. . '
<br /> � 4. TAc�Ii�.n of this instrunmt�t sir.�ll rk•muit�in firll f�rce and ef[ect di�ring any pnst�x,nf�ment r;r extFn- #
<br /> � aioa oithc�imeQf paymc»t of th�.�ind��btt�dnE_�.qr�r:►uv n;irtthercti�S�curc�d hereby.
<br /> 6. Ne/aha will pay all gruuiid r�.�nts, taaes� �nent�, wutef r�tes. cu�d �►tJtiE r govemmenLzl ur
<br /> munfcipal rbuger. tirtes. ut impueitiuns.Iev�d vpu�eaid premiscs�d that hFr/ehE wilf pAy till ta.�e�CeViitit t`
<br /> � ai ll
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<br /> upot�tbi�m�l�geg+e, nt the tteb�s�r:u�d theseby. tv�c�hE�s with�ny c�:hea taaEf�s c�r fw�s,mYr�ts whieh mc�y ±��
<br /> t�lEVietl x��tier tlte laws o#l�f�lsru,y�a ttga��t th�t�i r�tqu��c, �tiie tt�gal�t61��r ar r51d ��iiiai ipui i�ui��,vii �
<br /> arcount r�t thi�ircdebtedr�rss. esc�p: whti�payrnent[ot u11 such iteffi$ftrtg therE�tu�ut��tse�E�tt tfta�2fr vncfE�r tar �
<br /> of pasa�a,p?h 2 h�t�eot�ottd he(she wii!rrompEl;r deliveK t�'ic Ufficirsf ree�eipf� th��tL�'u= tt. tl�E� l�lurt�;�t�r_ !n
<br /> default t�tereo!tha lt'lorigag+�may p�y► t�te stim�,�. �
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