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<br />90-- 105758
<br />Tn HAVC AND To llol,p the same untie the IMortipiff s, as horein provided. Mortgagor represents to,
<br />and covenants with. this Mortgagee, that the Morigslttir has gt►od right to sell and convey said premises;
<br />that they are free from encumbrance. cxcn* as heroin otherwitu► recitod ; that the Mew-tgagor will warrant
<br />land defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, either In law or in equity, and all other contingent interests of
<br />the Moefgailtir in and to the above•dsaeribed peemisas.
<br />11eovilltiw ALwaYa, and these presents are executed and delivered upon the following conditions,
<br />to wit:
<br />Yortge or agrees to pay to the Mortgagee. or order, the aforesaid principal sum with interest from
<br />date at the rate of Ten Per "101ltt! ( Ill %) per manum a n the unpaid balance
<br />until paid. The said principal and interest shall be payable at the office of the Loan Guaranty Officer,
<br />Veteratut . A f a i rs Blegional Office, Lincoln, Nebraska, or at such other place as the holder of the
<br />note may designate in writing delivered or mailed to the Mortgagor. in monthly installm-Ints of
<br />Two Hundred Sixty-Seven and 66 /100- - - - - -- Dollars ($ 267.66 ), commencing on the first
<br />day of December 19 90 and first day
<br />, . continuing on the of each month thereafter until said
<br />note is fully paidi.except that, if not sooner paid, the final payment of principal and interest shall be due and
<br />he
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<br />payable on the day of November . 2020 ; all according to the terms of a certain pro-
<br />missory note of even date herewith executed by the said Mortgagor.
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<br />The Mortgagor further sere":
<br />1 =_
<br />1. He /she will pay the indebtedness as hereinbefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee. the entire debtedness or any part thereof not less than the amount of one
<br />installment, or one hundred dollars (100.00), whichever is less. Prepayment in full shall be credited on the
<br />date reoeIved. Partial pr epayment. outer than on an installment due due need not be credited until the next
<br />following installment due date or thirty days
<br />1
<br />after such prepayment. wbichever is earlier.
<br />2. Together with, and in addition to. the monthly payments of principal and interest payable under
<br />the terms 'of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee (under the terms of
<br />this trust as hereinafter stated) on the installment due date of each month until said note is fully paid;
<br />(a) A sum equal to the ground rents. if any. next due. plus the• premiums that will next become due
<br />and payable on policies o[ fire and other hazard inaurane•e• e•tive•rin the mortgaged prolew ty.
<br />plus taxes and assessments next due on the mortgage•et tall as by the Mort•'
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<br />1►re►lx•rty estimated
<br />gagee. and of which the Mortgagor is notffiedl leas all Rums already paid therefor divided by
<br />the number of months to elapse before one month 1►rie►r tee the elate whop such ground rents,
<br />ppremiums. taxes and assessments well become dt•liriyuertit, such ruins to In- held by Mortgagee
<br />in trust to pay said ground rents, prermiuma. taxers and sla•e ial aim-sarne•nts.
<br />(b) The aggregate of the amounts payable pursuant t► subl►aragralth t a 1 slid these payable on the
<br />note secured hereb .shall be paid in a single payment each muteth. to be applied to till follow -
<br />Ins itan -66 la « - sipidwi rtatrei :
<br />(t) ground rents, tastr s, assessments„ tire slid other hasard insurance premiums t
<br />(it) interest on the note secured hereby; and
<br />(tit) aniortitatioa of the arincitial of said note.
<br />Any deficiency in the amount of any such aggregate me►nthly payment shall, unless made Unst
<br />by the Mortgagor prior to the due date of the next such payment. constitute all event of default
<br />under this mortgage. At Mortgagee•soption, MurtgaKe►r will lay a "tat.- charge" not exe•e•e•et-
<br />ing four per centum (41/r) of any installment when ►aid moire than, fifteen 4 IN days after the
<br />due date thereof to cover the extra expi•nse• involved In hanellfeirp� do- linqut-nt psyme•nts. but such = _-
<br />"late charge" shall not be payable out of the preee•e eds of any as p`• inside (u reattat� the indebteaf-
<br />neu secured hereby. unless such pre►cesi•ds are sufficient to eltae•harge• the entire indebtedness and
<br />all proper costs and expenses secured hereby.
<br />3. if the total of the payments made by the Mortgagor under (a) let paragrrph : pee%eeding %hull
<br />exceed the amount of payments actually made by the Mortgagee as husti•e• for kr,soad irsils, taxes and
<br />assessments or insurance premiums, as the case may be•, such excess slialI for a re•d►tref by the Mortgagee. �
<br />L on subsequent payments to be made by the Mortgagor for such item% ut, at liwtgogee's upheen, shall be
<br />refunded to Mortgagor. It, however, such monthly payments %hull nut lee• wilhe Brut is, tiro such itemei
<br />when the some shall become due and payable, then the Mortgagor shall pay (u the 1te►rtg6y;ee• .es lruste•e•
<br />any amount necessary to make up the defie ieney within thirty a Itt) day% Mtge wime•n nude r from the
<br />Mortgagee staling the amount of the deliciency, which nohce may tie• give•u 1►y mull It ut anv time the
<br />Moripgor %hall tender to the Mortgagee, in accordance with the pruvisaunu ul the cute• %ee utrd heerbs .
<br />full payment of the entire indebtedness represented thereelw, the MoiIgagm ou trustee %hull, sit umpuhng
<br />the 'amount of such indebtednerea, crs•drt to the account cot the Moitgag(st :ens t tedit Wiliam a .u, tineulated
<br />under the provisions of (a) of paragraph 2 heft-ill It there %hull tee• a detauli utedri acv if the. Piu%ilo,wns
<br />of this mortgage iesulhng in a public suit- of thee pit•mises tovered he- retry. its of the Mentga ;er ue quues I
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