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To HAVE AND To HOLD the same unto the M(
<br />and covenants with, the Mortgagee, that the Mot
<br />:that they are free from encumbrance, except as I
<br />and defend the same against the lawful claims of
<br />all rights of liomestead, all marital rights; either
<br />the Mortgagor in and to'tlie.above-described prey
<br />PROVIDED ALWAYS, and these presents are e)i
<br />wit
<br />Mortgagor agrees to pay to the Mortgagee, or
<br />at the rate of eight- and one half per cent
<br />The said principal and interest shall be payable at
<br />in Lincoln , or at
<br />writing delivered or mailed to the Mortgagor, in i
<br />Dollars-($ 242.21 ),'commencing on the firs
<br />the first day of each month thereafter until sai(1 r
<br />payment of principal and interest shall be due and
<br />according to the terms. of a certain promissory n(
<br />The Mortgagor further agrees:
<br />1. He will pay the indebtedness, as hereinbe
<br />time, without premium or fee, the entire indebb
<br />installment, or one hundred dollars ($100.00), i
<br />the date received. Partials prepayment, other tha
<br />the next following installment due date or thirty
<br />2. Togetherwith, and in addition to, the me
<br />the terms of the note secured hereby, Mortgagor
<br />trust as hereinafter stated) on the first day of e
<br />(a) A sum equal to the ground rents, if any,
<br />and payable on -policies of fire and of
<br />plus taxes and assessments next due
<br />gagee, and of «Bich the Mortgagor is
<br />the number of=tnoiiths to elapse befor
<br />premiums, taxes and assessments wi
<br />in trust to pay said ground rents, pre
<br />(b) The aggregate of:tlie amounts payable
<br />note secured hereby, shall be paid in
<br />ing items in the order stated:
<br />(I) ground rents, taxes, assessnii
<br />(ii) interest on the note secured h
<br />(III) amortization of the princtpa
<br />Any deficiency.itt the amount of any
<br />by the Mortgagor prior to the due da
<br />under this mortgage. At Mortgage
<br />ing four per centum (4;0) of•any in
<br />due date thereof to cover the extra e:
<br />"late charge" `shall not be payable oti
<br />ness secured Hereby, unless such pro(
<br />all proper costs and expenses secure(
<br />3. If the total of the payments made by tl
<br />exceed the amount of payments actually. made I
<br />assessments or insurance premiums, as the cas
<br />on subsequent payments to be made by the Mort
<br />shall be refunded to Mortgagor. If, however,
<br />items when the same shall become due -and pa;
<br />trustee, any amount necessary to make up the di
<br />the Mortgagee stating tTle amount of the defici,
<br />the Mortgagor shall tender to the Mortgagee
<br />hereby, full payment of-Jhe entire indebtedne
<br />in computing the amount of such indebtedness,
<br />accumulated under the provisions of (a) of 1
<br />of the provisions of this'•mortgage resulting in
<br />Mortgagee acquires the ,property otherwise aft,
<br />time of the commencement of such proceeding.-
<br />amount
<br />roceeding:amount then remaining'to credit the Mortgag(
<br />interest accrued and unpaid and the balance to
<br />4. The lien of this instrument shall remain
<br />sion of the, time of payment of the indebtedness
<br />5. He Swill pay ;all gLound rents, taxes, -asse
<br />pal charges, fines, or impositions, levied upon sa
<br />mortgage, or the debt secured thereby, together
<br />under the laws of Nebra$ka against the Mortgag(
<br />this indebtedness, except when payment for, all
<br />graph 2 hereof,.and he will promptly deliver th
<br />thereof the Mortgagee may pay the same.
<br />f
<br />tgagee, as herein provided. Mortgagor represents to,
<br />gagor has good right to sell; and convey said airemises ;
<br />avinotherwise recited; that the Mortgagor will. warrant
<br />I persons whomsoever. Mortgagor hereby relinquishes
<br />n law or in equity, aiid all otlier contingent interests of
<br />ises. -
<br />cuted and delivered'upon' the following conditions, to
<br />order•, the aforesaidprincipal slim with interest from date
<br />In ( 8.5%) per annum on the unpaid balance until paid.
<br />lie office of First Federal Savings and Loan
<br />ich other plac�sttsoffl 1%(fir g�ti�Me�i ay designate in
<br />�ontlily installments'.of Two `-Hundred Forty-two and 21/100
<br />day
<br />1 100day of October ,19 75, and continuing on
<br />to is fully paid, except that,, if not sooner paid; the final
<br />sayable on the first day of September 2005 ; all
<br />e of even date herewith executed by the said Mortgagor.
<br />ire provided. Privilege is reserved to prepay; at any
<br />lness or any part thereof not less than the amount of one
<br />hichever is less. Prepayment in full shall be credited on
<br />on an installment due date; need not be credited until
<br />lays after such prepayment, whichever is earlier.
<br />thly payments of principal ,and.interest payable under' .
<br />rill pay to Mortgagee; as trustee, (under the terms of this
<br />ch month until said 'note is fully.paid:
<br />text due, plus the premiums tliiYt will next become due
<br />or Hazard insurance!,coveriiigj the mortgaged :property,
<br />n the mortgaged property (allfas estimated by`the Mort-
<br />�otified) less all stens already,paid therefor -divided by
<br />one montli prior to the plate 'when such ground rents,
<br />become delinquent; such sums to be held by Mort
<br />gagee
<br />niums, taxes and special assessments.
<br />UrsUant to subparagraph (c) land those payable on the
<br />single payment eachl month, to be applied to the follow-
<br />its,.fire and other hazard insurance premiums',
<br />reby; and
<br />of said note.
<br />ucii aggregate monthly payment shall, unless. made good
<br />of the next such payment; constitute an event of default
<br />'s option, Mortgagor will pay q "late charge" riot exceed -
<br />tall ment when paid niorealian!fifteen (15) days' after the
<br />pense involved in handling delinquent payments, but such
<br />of the proceeds of any sale made to satisfy the indebted-
<br />eds are sufficient to discharge the entire indebtedness and
<br />thereby.,
<br />Mortgagor under (a) of 'paragraph 2 preceding shall
<br />i the Mortgagee, as trustee, for ground rents, taxes and
<br />may be; such excess'' shall be credited by the Mortgagee
<br />agog for such items or, at Mortgagee's option, .as trustee,
<br />ich monthly payments shall not- be sufficient to pay such
<br />ible', then the Mortgagorshall pay to the Mortgagee, as
<br />iciency within thirty (30) days after. writtennotice from '
<br />icy, which notice may be given; by mail. If at anytime
<br />in -accordance with the provisions of the .note' secured
<br />represented thereby, the Mortgagee, as trustee, shall,
<br />credit to the account of the Mortgagor any credit balance
<br />.ragraph 2 hereof. If there'shall be a default' under any
<br />L public sale of. the premises ,covered hereby, or if the
<br />r default, the Mortgagee, as trustee, shall apply; at the
<br />or -at the time the property is otherwise acquired, the
<br />under (a) 'of paragraph 2 preceding, as a credit on the
<br />he principal then remaining unpaid on said note.
<br />i full force and effect during any postponement or exten-
<br />any part thereof secured hereby.
<br />3ments, water rates, land. other governmental or. munici-
<br />I premises and that he will pay all taxes levied upon this
<br />lith any other taxes or assessments which may be levied
<br />orthe legal holder of. said principal note, on'account of
<br />uch items has theretofore been made under `(d) of para -
<br />official receipts therefor to the Mortgagee.! :In default
<br />
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