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<br />To HAVE AND To HOLD tile Same 1111t90 tile Mortgagee, as herein provided. Mortgagor represents to,
<br />and covenalits with, the Mortgagee, that.the Mortgagor has good right to sell and convey said promises;
<br />that they are free from encumbrance, ex ' cept as hereinotherwise recited; that the Mortgagor will warrant
<br />and defend the same against the lawful 'claims of all persons NvIlonisoever. Mortgagor hereby relinquishes
<br />all right . s of homestead, all marital rights', either in law or in equi.fy, and all other contingent interests Of
<br />the Mortgag6r in and to the above-described promises.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upoil tile following conditions, to
<br />wit:
<br />Mort. -a ; goragrees to pay to thelklontmigee, oi- order, tbeaforesaid principal sum with interest from date
<br />alance until paid.
<br />at the rate of Nine per centuill ( 9.0% per annuni oil tile Ullj)aid 1).
<br />fl -Ice of �. irst Federal Sayinp and Loan
<br />The said principal and interest shall be payableat the o Association:of Lincoln
<br />ill . Lincoln . , or at such other place as the holder of the note may designate ill
<br />writh,g delivered or mailed to the Alfortgagor, in monthly installments of Ti -To Hi�,ndred Thirty Three and 35/100
<br />'oil the fii 3r id continuing on
<br />Dollars ($233.35 commencing -st da of December 75 , ai
<br />the first (lay of each month thereafter until said note is fully paid, except t1lat, if not sooner paid, the final
<br />payllIelit of principal and interest shall be due and payable oil the first (lay of Nove mber 2005 ;all
<br />according to the terms of a certain promissory note of even date liereWith CXeCUtd.d by the said Mortgagor.
<br />The Mortgagor f u rther agrees:
<br />1. He will pay the indebtedness, as liereinbefore provided. Privilege is reserved to prepay at any
<br />time, xvitilout premium or fee, the entire indebtedness or any part thereof not less than the amount of Olic
<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 />thb next following installment due date or thirty days after such prepayment, whi I cliever is earlier.
<br />2.'Togetlier with, and in addition to, tile monthly payments of principal and interest payhble under
<br />the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, (under the terms of this
<br />trust as hereinafter stated) on the first day of each month until said note is fully paid:
<br />(a) As . uni equal to tile ground rentsjf ally, next due, plus tile premiums that will next become due
<br />a . lid payable oil policies of firdand other liazard insurall . ce covering the mortgaged property,
<br />. plus taxes all(] assessments next due oil the mortgaged property (all as estimated by tile Mort -
<br />I gagee, and of w1iich the 111ortgigor is notified) less all sunis already paid therefor divided by
<br />.tile number of months to elapse before One month pi -W to the (late when such ground rents,
<br />I
<br />premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee
<br />ents, preni ill ills -axes and special assessments.
<br />in trust to pay said ground'r
<br />(b) Thp aggregate or the amounts payable pursuant to subpara ' graph (a) and those payable oil the
<br />note secured hereby, sliall be paid in a single payment each month, to 'be applied to the follow -
<br />Ing items in the order stated
<br />(0 ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(11) interest Oil tile note secured hereby; and
<br />(m) amortization of the *principal of said note.
<br />.Any deficielle-v in the amount of any such -aggregate monthly payment shall, unless made good
<br />by tile Aliortgagor prior to tile due (late of the next such payment, constitute in event of default
<br />under this mortgage. At 'Mortgagee's option, Mortgagor will pay .1 � ' late charge" not excetA-
<br />ing four per cenLuni (4 'of any histall ment when paid more than fifteen (15) days after the
<br />due (late thereof to cover the extra expense involved in handling deliu�juent payments, but such
<br />"late charge" shall not be payable out of tile proceeds of any sale mad ' e to satisfy the indebted-
<br />liess secure(] hereby, unless slich proceeds are sufficient to discharge the entire indebtedness and
<br />all proper costs and expenses secured thereby.
<br />3. If the total 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 all(]
<br />assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br />on subsequent payments to be made by the Tlfortgago� for such items or, at Mortgagee's option, as trustee,
<br />shall be refunded to Mortgagor. If, however, such monthly payments shall not be sufficient ' to pay such
<br />items when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br />trustee, any.aillount necessary to maRe up the deficiency Nvithin thirty (30) days after written notice from
<br />the Mortgagee stating the amount of the deficiency, which notice may be given.by mail. If at any time
<br />the Mortgagor. shall tender to the Mortgagee, in accordance with tile provisions of the note secured
<br />hereby, full -payment of the entire indebtedness represented the * reby, the Mortgagee, as trustee, shall,
<br />in computing the amount of such indebtedness, credit to the accotpit 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 provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the
<br />Mortgagee, as trustee, shall apply, at the
<br />Mortgagee'.acquires the property otherwise after default, the I
<br />time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br />amount then -remaining to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit oil the
<br />interest ac( -rued and unpaid and the balance to the principal then''remaining unpaid on said note.
<br />4. Tlibilien of this instrument shall remain in full force and effect during any postponement or exten-
<br />sion of the time of payment of tile indebtedness or any part thereof secured hereby.
<br />5. He will pay all ground rents, taxes, assessments, water rates, and other go'Veriii-nental or munici-
<br />pal charges' fines, or impositions, levie�l upon said promises and that lie will pay all taxes levied upon this
<br />mortgage, or tile debt secured tliereby,.togetlier with any other taxes or assessments which may be levied
<br />under the laws of Nebraska agaiiist tile Mortgagee, or the legal holder of said principal note, oil account of
<br />this indebtedness, except when payineiit for all such iteins has theretofore been made under (a) of para-
<br />graph 2 hereof, and lie will promptly deliver tile official receipts therefor to the Alfortgagee. In default
<br />thereof the Mortgagee may pay the same.
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