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010821
<br />To HAVE AND To HOLD the same ujlto�:tlie Mortgagee, as I provided.! Mortgagor represents to,
<br />and covenants with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinotherwisel r2cited; Ill 'at tl Mortgagor�N�ill N . varrant
<br />and defend the sarne against the lawful clainis of all persons whollisoever. Mort agor hereby �e.linquislles
<br />all rights of homestead, all marital riglits,.eitlier in law or in equity; and all other contingent interests of
<br />the Mortgagor in and to the above-describ6d premises. I
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon �the following conditions, to
<br />wit:
<br />Mortgagor agrees to liay to theINTortgagee, or order, theafordsaid principal sum with intere9t from date
<br />0 �Qrp�nunoii inmiid balanc6 until paid.
<br />at the rate of nine per centum ( 9.0' ) I Ole
<br />a ITS Fe eral kvings and! Loan
<br />The said principal and intel"est shall be payable at the office of
<br />As' 6 la
<br />S to�T �of [Pinc ln
<br />e I
<br />le no?e
<br />in Lincoln :oi- at such'other place as file ll r o may designate in
<br />writing delivered or mailed to the 111ortrrag�or, in monthly installiii8nts� of On6 HLdred Ti-7ent -eight and
<br />zl� I I ; , and coj y inu, 74
<br />Dollars ($ 128-74 commencing oil the first day of Dee,einb6r I ! 9 75,. A* ing oil
<br />the first day of each month . thereaf ter until said note is fully paid, I except that, 1 not sooner pa�id the final
<br />I I P
<br />payment of principal and interest shall be d e and payable oil the i-st (lay of : , �2C)05 ; all
<br />Novembel?
<br />according to the terms of a certain promissory note of even (late 11(rewith exec"' ' by the said Mortgago r.
<br />The Mortgagor f U rther agrees.
<br />1. He will pay the indebtedness, as lie , reiiibdfore provided. I 1�ri 'ilege 'is reterved to pre'lbay at any
<br />reof not less than the amount of one
<br />time, without premium or fee, the entire indebtedness orally pal- - th
<br />installment, or one hundred dollars ($100.00), whichever is less�. �rbpayme full shall be �credited on
<br />I I
<br />the date received. Partial prepayment, other than on an installmdliCclue da 6, nee not be cl�edited until
<br />the next following installment due date br�thirty days after such ]p epayment,4hicliever is earlier.
<br />2. Together with, and in addition to, the monthly payments f principal ai d interest payable under
<br />the terms of the note secured hereby, Mortgagor will pay to Mortgagee'as truste , (under the terms of this
<br />trust as hereinafter stated) on the first diy of eachnionth until slaid note i's �1111 p 'i I
<br />al('
<br />(a) A sum equal to the ground rents, if any, next due, plus 1-1110 prenllu llls� ti at will next become due
<br />and payable oil policies of fire and other hazard insurance covering �Iie mortgagep property,
<br />plus taxes and-assessnients iie�t due oil the mortgageld� pi.operty,6111 s estimated b . y the Mort-
<br />gagee, and of which the Mortgagor is notified) less all sunis alrea�dy )aid therefor, divided'by
<br />the number of months to elapse'before one month prior to tlie.dAe lien such -ground rents,
<br />premiums, taxes and assessments will become delinquqnt,�sucll SLims to be held by'Mortgagee
<br />in trust to pay said ground rents, premiums, taxes and special ass ssi ents.
<br />(b) The aggregate of the amounts payable pursuant to subparagraph! (�t) End those payable oil the
<br />note secured hereby, shall be paid in a single payinent each nioiith�, 'to be applied to; the follow-
<br />ing items in the order stated:
<br />(I) ground rents, taxes, a�sessnieiits, fire and othel- hazard iiis'ur nee premiums,
<br />(II) interest Oil the note secured hereby; and
<br />(III) amortization of the principal of said note.
<br />Any deficiency in the amount of any such aggregate i I nontlily payiPen t shall, unlesg made good
<br />by the INfortgagor prior to the (hie (late of the next such payment, 6o�iistitute all event of default
<br />under this mortgage. At Mortgagee's option, IMortgagor will pak�a �'lat6 cliarge";:not exceed*-
<br />ing four per contuni (4%) of iny install ment when j), I tid more tliil!i f1fteen (15) da�ys after the
<br />due date thereof to cover the e%tra expense involved in handling de'linRuent payments, but such
<br />"late cliarge".sliall not be payable out of the proceeds of any sale made to satisfy the -indebted-
<br />ness secure(] hereby, unless such proceeds are suflicici It to discharg'ethIe entire indebtedness and
<br />all proper costs and expenses secured thereby.
<br />3. If the total of the payments madd by the Mortgagor uiid'e� (a) of p'ar.6rapli 2 preceding shall
<br />exceed the amount of payments actually made by the Mortgage as trustee,' fol I ground rents, taxes and
<br />assessments or insurance premiums, as the case may be, such ekl�cess�! shall b 1 6 ci edited by tlic! Mortgagee
<br />on subsequent payments to be made by the! Mortgagor for such itei ns or, at M I o 1(agee's optio�, is trustee,
<br />shall be refunded to Mortgagor. If, how6ver, such monthly pay m'ents shall inot be sufficientto pay such
<br />items when the same shall become due a I d payable, then the Md I rt a or shall !)ay to the Mortgagee, as
<br />trustee, any amount necessary to make up the deficiency within thirt days after writtemnotice from
<br />the Mortgagee stating the amount of the'deficiency, which notic It e iVen by mail. If at any time
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<br />the Mortgagor shall tender to the Mortgagee, in accordance 1with'the rovisions of the note secured
<br />hereby, full payment of the entire indebtedness represented th reby, the Mo I il I tgagee, as trustee, shall,
<br />in computing the amount of such ind&btedness, credit to the acco�ijnt of th&TJo'rtgagor any c0dit balance
<br />accumulated under the provisions of (a)� of para&aph 2 liereo�. If there 'shall be a default under any
<br />of the provisions of this,'mortgage resulting in a public sale of I the premises' covered hereby, or if the
<br />Mortgagee acquires the property otherwise after default, the 'Mortgagee, as trustee, shall apply, at the
<br />time of the commencement of such proce6dings, or at the time � the property!is.1
<br />otherwise acquired, the
<br />amount then remaining to credit the Mortgagor under (a) of paragraph 2 preceding, as a c1redit on the
<br />interest accrued and unpaid and the balance to the principal then remaining, unpaid on said pote.
<br />4. The lie*n of this instrument shall remain in full force and 6ffect: during, any
<br />postponeme4t or exten-
<br />Sion of the time of payment of the indebtedness or any part tliere8 f* secured hereby.
<br />5. He will pay all ground rents, taxes,� assessments, water rates, and other governmental:.or munici-
<br />pal charges, fines, or impositions, levied upon said premises and that he! will pay All taxes levied upon this
<br />mortgage, or the debt secured thereby, tog ther with any other ta�,,,'.-es or asses ! sin nts which may -be levied
<br />under the laws of Nebrask.aagainst the Mortgagee, or the legal ho i Ider of said prii I cipal note, on account of
<br />this indebtedness, except: when payment for all such items has thelret6fore been made -under. (a) of para-
<br />graph 2 her'Cof,and lie will promptly- deliver the official receipts! t , lierefor to �:the Mortgagee. Ili default
<br />thereof the Mortgagee may pay the same.
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