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n�r� cCoaal*o 8—. 103725
<br />88-106077
<br />To HAVE Atvn To lrvt.[ifie same unto the Mortgagee. as herein provided. Mortgagor represents to, and
<br />covenants with. the Mortgagee, that the Mortgagor has good right to sell and convey said premises; that they
<br />are free from encumbrance, except as hereinotherwise recited; that the Mortgagor will warrant and defend the
<br />same against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes all rights of homestead,
<br />all marital rights, either in law or in equityr rind all other contingent interests of the Mortgagor in and to the
<br />above - described premises.
<br />. Ptetsvitwo At"wAys, and thew presents are executed and delivered upon the following conditions, to
<br />wit:
<br />Mortgagor agees to Lwy to the Mortgqec, or order. the aforesaid principal sum with i t from data
<br />at the rate of d TON 7,(. - �- per centum ( 1 ,M0.00 %)
<br />per��u��he n d� lance until paid. The said principal and interest shall be payable at the office of
<br />in W. n now N=W , or at such other place as the holder of the note may designate in
<br />wrLds delivered or nailed to the Mortgagor. in monthly installments of
<br />� - 711= RWW.W S!lYEIrrPY 7W a 09 /1
<br />Dollars (s xtAv "IM 372.09 ), commencing on the first day of JW"7 19 49 ,
<br />and continuing on the first day of each month thereafter until said note is fully paid, except that, if not sooner
<br />paid, ttte final payment of principal and interest shall be due and payable on the first day of
<br />gacaarar. 8016 ; all according to the terms of a certain promissory note of even
<br />date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />j 1. He/she will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time,
<br />ll! without premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment,
<br />or one hundred dollars ($100.00), whichever is less. Prepayment in full shall be credited on the date received.
<br />Partial prepayment, other than on an inkWlment due date, need not be credited until the next following install-
<br />ment due date or thirty days after such prepayment, whichever is earlier. .
<br />2. Together with;: and in addition tab the monthly payments of principal and interest payable under the terms
<br />of the note secured hereby. Mortgagor will pay to Mortgagee. as trustee, (under the terms, of this trust as hereinafter
<br />stated) on the first di)+ of track- month until said note is fully paid:
<br />(a) A sum equal to the "nd rents, if any, next due, plus the pradpins that will next become due and
<br />payable on policies of fire and. other hazed Insurance covering the mortgaged property, plus taxes
<br />and assessments next due on the mortgaged property (all as estimated by the Mortgagee, and of which
<br />- rise itaartptgor is nottt`tedl less• an sums ahaWy laid therefor divided by the- number -of' months to
<br />elapse before one atomh prior to the date when such ground rents, premiums, taxes and assessments
<br />will become ddittgrre 4C such sums to be held by Mortgagee in trust to pay said ground rents, premiums,
<br />taxes andL aoesciat ±tea " 4,
<br />(b) The aggrgproaf the amounts `�syuble pursuant to subparagraph (a) and those payable on the note
<br />secured hereby, shall be paid ii r a single payment each month, to be applied to the following items
<br />in the order state+- :
<br />(t) ground rents, 'taxes, assessments4 -Rre and other hazard insurance premiums; ,
<br />(it) interest on the note se a-ed hereby; and
<br />on) amortization of the prUtcipal of said note.
<br />Any deficiency in ,thd amount of any such aggregate monthly payment shall, unless made good by
<br />the Mortgagor price-to, -the due date of the next such payment, constitute an event of default under
<br />this monptge. At Nongagee "i option, Mortgagor will pay a "late charge" not exceeding four per
<br />centum!(4%) of any instaltawa when paid more than fifteen (15) days after the due date thereof to
<br />cover the extra expense involved in handling delinquent payments, but such "late charge" shall not
<br />be payable out of the. proceeds of any sale made to satisfy the indebtedness secured hereby, unless
<br />such proceeds are sufficient to discharge the entire indebtedness and all proper costs and expenses
<br />secured thereby.
<br />3. if the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall exceed the
<br />amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and assessments or
<br />insurande premiums. as the case may be, such excess shall be credited by the Mortgagee on subsequent payments
<br />to be trade by the Mortgagor for such items or, at Mortgagee's option. as trustee, shall be refunded to Mort-
<br />gagor. If, however, such monthly payments shall not be sufficient to pay such items when the same shall become
<br />due and payable. then the Mortgagor shall pay to the Mortgagee, as trustee, any amount necessary to make up
<br />the deficiency within thirty (30) days after written notice from the Mortgagee stating the amount of the deficien-
<br />cy, which notice may be given by mail. If at any time the Mortgagor shall tender to the Mortgagee, in accordance
<br />with the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby, the
<br />Mortgagee, as trustee. shall, in computing the amount of such indebtedness, credit to the account of the Mort -
<br />gagor any credit balance accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default
<br />under any of the provisions of this mortgage resulting in a public sale of the premises covered hereby. or if the
<br />Mortgagee acquires the property otherwise after default. the Mortgagee. as (raster, shall apply. at the time of
<br />the commencement of such proceedings or at the time the property is otherwise acquired, the amount then re-
<br />maining to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the interest accrued an_ d un-
<br />paid and the balance to the principal then remaining unpaid on said note.
<br />4. The lien of this instrument shall remain in full force and effect during any postponement or extension
<br />of the tirne of payment of the indebtedness or any part thereof secured hereby.
<br />S. Ne/she will pay all ground rents. taxes, assessments, writer rates, and other governmental or mtmicipal
<br />!har =es. fines, or i,ngesition.., levied upon said premises and that he/she toil: pay all taxes levied upon this tnor t
<br />gage, or the debt secured thereby. together with any other taxes or assessinentc which may he to ied under the
<br />laws of Nebraska against the Mortgagee. or the legal holderof said principal note. on accotiai (it this itdebtedness.
<br />except ,*hen payment for all such item% hay theretofore been inadc under /elf of paragraph 2 hereof. and he /%he
<br />will ttromptly dch%.6 the offivt• l retcipis therefor to the Mortgagee. In default thereof titc %imiyagee mas t -.v.
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