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<br /> m To Hnvt:ntvu ?o Hc�t p thc sume unta the Mortgagcc.a,hcrcin providcd. A9�QSor reprrsents to.nnd
<br /> :.;�� �� covenc�nts with,the Mortgagee. that the Ma�tgagor has good right to�ell and canvey said premisec; that they
<br /> are frec fram encumbrance.except as herelnotherwise recitcd:that the Ivlortgagor wlll warrant and defcnd the
<br /> �ame against che law ful clairns of all pe�sons whomsocver.Mortgagor hereby reflnq uishes all rfghts of homestead,
<br /> v all marital rights,either in law or in cquity, and all ather cantingent interests of thc Mortgagor in and to the
<br /> above•described prerniscs.
<br /> _ ;-��r� I PRQVIpkP ALWAYS,and these presents are executed and delivered upon the following conditions, to r
<br /> .� Wll:
<br /> �'�� Mortgagor agrecs t o pay to the Mortgagce.or order, thc aforesatd principat sum with intcrest from date
<br /> = � at the ratc of SEVE N PERCENT Rer centum ( 7.000 °�0�
<br /> '� �'�``�� � :'�- per annum on the unpaid balance until pa{d.The satd principal and interest shal{ be payable at the office of
<br /> r'{+..-:''�`- � •
<br /> y . k� ,� �•�-, The EQuitcble Buildi ny and Laen Aasocietion of arand Islend, Nebraska, A Faderal Savings Bank
<br /> `°'''" `"'" in or at such other place as the halder of the note may desjgnatc in -
<br /> =����:••ei;.,.; ��.::a-4S CiPAtld IS18Rd� Neb1'aSk8 + _ -
<br /> �*�"���'��• • ;'� writing delivered or mailed to the Mongagor, in monthly installments of
<br /> - 4 � � FOUR F�JNDRED THIRN FOUR AND 59/100
<br /> � Dollars ($ 434. 59 �, commencing on the first day af MAY � 19 94 � _
<br /> and continuing on t t�e first day of each month thereafter untll sald note is fully patd,except that.If not sooner
<br /> __ --_ " paid. the finalpayrnent of principal and interest shall be due aad pa��able on the flrst day of
<br /> - ,, _- � � i►rtt t�, zuu� ;all according to the terms ot a certain promissory note oi even �_--
<br /> � � dat�herewith executcd by the said Mortga�or.
<br /> The Mortgagor further asrees: =-:�
<br /> �.;:�..
<br /> � - � 1. He/she wfU pay the indebtedness�as hercinbeforc provided.Privilege is reserved to prepay at any time, =-
<br /> � without premtum or fee,ihe entIrc indebtedness or any part thereof not less than the amount of one installment,
<br /> � or one hundred dollars tSl 00.00), whichever is Iess. Arepayment in fuU shall be credited on the date received. _
<br /> Partial prepayment,aher than on an installment due date.need not be credited until the next following install-
<br /> . � , ' ment due date or thirry days aftcr such prepayment, whichever Is earlier. �-
<br /> :� ",.. I 2.Together wit h,a nd in additfon to.the monthly payments of principal and interest payable under the terms
<br /> ' .���J �f the note cecuted herebv.Mort�a�or w[ll pay to MartRaRee,as trustec,tundcr the terms of this trust as heretnafter __
<br /> ��.�.=—.-__:�_:-_� —
<br /> - — stated) on thc first day of cach monch untii said notc is iuity puid: � .
<br /> (a/ A sum equel to the ground rents, if any, ncxt due, plus the premiums that wlli next become due and
<br /> . payable on policies of fire and other haxard insurance covcring thc mortgaged property. plus taxes
<br /> •• and assessments next due on the rnortga�ed property(all as cstlmated by the Mortgagee,and of which
<br /> . the Mortgagor is notified)less all sums already paid therefor dividcd by the number of months to
<br /> � � elapse bcforeonc month prior to thc datc when such�round rents,premiums, taxes and assessments
<br /> will become delinquent,such sums to be held by Mortgagec in trust to pay said ground rents,premiums,
<br /> taxe� and spaial assessment�. _
<br /> (b) Thc aggregatc of thc amounts payablc pursuant to subparagraph (a)and thosc payable on the note =-
<br /> � securcd hereby.shali be paid in a singie paymcnt earh momh,to be appiied to the following items k; _
<br /> in thc ordcr statcd:
<br /> �t► ground rents, taxes. asscscmcnts. firc and other ha�ard insurance premiums; R�-
<br /> � tui imerest an the note srcurcd hereby; and 4��---
<br /> �uU amor�ization of thc principa!of �aid notc. �•=."
<br /> I Any deficiency in thc amount of any such ag�rcgatc monthly pay�nent shall. unless made good by �'`
<br /> the Moriga�or prior to thc due datr of the next such paymcnt,con,titute an event of dcfault under
<br /> this rnor�gagt. At Mort�a�cc'�option, Mortgagor��•ill pay a "latc charge"not excecding four per ��
<br /> centum IaP1�1�f any inrtalimcnt when paid morr than fittren (15)dnys aftcr the due date thcreof
<br /> to covcr�h�cxtra cxpcmc imol��cd in handling drlinyucnt {�aymcnts, but su�h"latc charge"shall
<br /> � not be{�aya ble out of thc prc��ccd�nf any,alc made to�ati�f�•thr indebtedncss sccured hercby,unless
<br /> , such proceeds are suffirient to dixhar�r thr entirr indrbtedne+, and all proper costs and expenses
<br /> x�ured ihcrcby.
<br /> 3. lf thc total o(thc{�a�•mcnt,madr hy thr�icirt�agor undrr lu/uf paragraph ?prrrcding shall cx�ecd the C
<br /> • amount of payrncna acwaUy madc by thr �1c>rtgagcr, u. tru.trc. Cur gruund rrntti, iaxr�and asscssmcnts or f
<br /> , insurancc prcmi um s,ati ihr�a�c ma>•br,w�h�xce,�+hall hr rreditcd b� t hr Morc gagcr on,uh�cqucnt paymrntti �
<br /> ; to bc madc by thc AlortEagor for�uch itcm+or,at �fortg�igcr'�upti��n, a. tru+trr,•hall tx rrfunded to Mort-
<br /> ; gagor. IF,ho��cvcr. wchmonthl��pa�•ment� tihal�not hr.ufficicnt tu ra� ,urh itc�n."hen thr�amc�hall become ,
<br /> � dur and pa��ablc,thcn th� �lurtgagur,liall pa�� to thr�turt�agrr,a� trutitcr, am amount ncrc+,ar�•to makr up i
<br /> i thc dcfiricncy��•ithi n ihirn•13U1 da��ti aftrr�.ritt�n nuticr tl•��m thr�turt�agcr.tat ing thc amount ot'thr drfiricn- �
<br /> ) c>•,��•hich nrnicc mu�h�gi�en h�•maiL I T at am•timr thr!�tartgaz�c�r,hall trn�l�r ta t hc�furtgagcc,in scccirdantr
<br /> � �vith thc pru�isionti ol' thc notr tic�urcd hcrch��, full pa�mrnt u(thc cntirr incichicdnc+�r�prcticntrd thrrrb��, thr
<br /> h4ortgagcc.a,tru�tcc�liall,in cumputing thc,urn,nnt uf,u�:h indrhtrdne,�,�rcdit tu thc a��uunt��t�thr!�turtg;sgur
<br /> any rreJit halan�c :��umiilatcd undrr thc rro�i�iom uf lul �,f {iar:tgra�ih � I�rrruf. If thcrr .hall hr a dct;�ult
<br /> _ � �. .�_�: .�. .�. .,�. ..w. :� ��..
<br /> � � unucr an��c�i ii�c p�u�i�iu�nui ittt� tltvtiga�c ic.iu�iii�: iii.i j�i�v���,i���.:i �n: j�i�Tiii;C;::;::7�v�.���..j.::��� ..�:
<br /> �1ortgagcr acyuirr�ih�pruprrt� uthrr�+i�r aftrr Jrtauli. tlir �1urt�:a�rr,a. tru,tr�. �h:tll ;i��{,1�, at thc timc of
<br /> thrcommrn�emcnt ottiu�h prurrcd�ng,��rat thrtnrnthcprurrrt� i,nthci��i.ca�yuirrJ.thramuunt �hcnic�u.+inin�
<br /> to crrdit thc A1c�rt�;�e��runJcr /ul��f purag�aph ���rc�rJin�, a.:+�rrdit �m tlir int�r�+t a��iu�d and «np:iiJ an�1
<br /> � ,
<br /> � thr balancr to thc pritio��.►I then rrmainin� ���ipaia ��n .aid nutr.
<br /> � 4. Thr licn i�f �hi�in�trumcnt ,hall rctir,iin in lull f��r�r an�t rftrrt �luring an� �,u.tronrmrnt �,r r�tcntiion
<br /> � ' of thc tim� al' �a�•rncttt oC thr indrbtrdnc.•i,r an> {,.irt thrmut .rcwr�l hr�rh�.
<br /> �. He�,hc ��ill pa� all Er�,u�ut rrnt.,t:t�c•, :�,•r•,mrnt,. ��:itrr �atr,.an�i oth�i ����rrnisirntal �a tnumii��.►I
<br /> �har�:v�,linr,ar im�x,.itiuti•.Ir�ir.t u{,�,n.aid��rrmi,e•.ui�1 that hr �h���ill��a�:�II t:i���k�ird i��,un thi.m�,rig:�g..
<br /> , ur th�drht xcunclth�reh�, tugrthrr ��ith ;�m uihrr ta�r��,r:t.,r••mr�i�, ��hi.h rna� I,r Ic�ir�l un.lr� thr laa.
<br /> ' of Nrbra,l�aagain�t�f�c�t��rt�:agrr.ut tl�r Irg.tl h�,ldrr �,t .a�d ��rin.��aii nt,tr.�,n :i:.•��a�» at ihi. in�frhtrdnr+•.
<br /> � �.��rc ��i,�n ra�mcm t'ur all.uih itrm• lia� Ihr�ri��l��ir hrrn ❑r��ir iui�lr� ��u ut j,.ua�i;i��h� h�rr��t. :�n�t hr •hr
<br /> '. � ' ��ill {�rutn�ith d�li�ci t Nt��lli�t.�l ��<i��,�•ih�irt�u ����hr \1�+�t�:iLrr. In Jrl.�uli t h�•i.•��I �lir\1ritLa��•r m,i� �,.i>
<br /> IhC �.tltt�. �
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