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<br />88-- 101455
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<br />To HAVE AND To HOLD the 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 collvey 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 person~ whomsoever. Mortgagor hereby relinquishes all rights of homestead,
<br />all marital rights, either in law or in equity. and all other contingent interests of the Mortgagor in and to the
<br />above-described oremises.
<br />PROVIDED ALWAYS, and these presents arc exet:uted and delivered upon the following conditions, to
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<br />wit:
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<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of ELEVEN AND 00/100 per centum ( 11 000 \)/0)
<br />per annum on the unpaid balance until paid. The said prip;cipal and interest shall be .payable at the office of
<br />HOMESTEAD SAVINGS. 979 BROADWAY
<br />in MILL BRAE . CA 94030 ,or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the Mortgagor, in monthly installments of
<br />FOUR HUNDRED FIFTY-ONE AND 12/100 *******************************
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<br />Dollars ($ 451 .12 ). commencing on the first day of MAY , 19 ,
<br />and continuing on the first day of each month thereafter umii said note is fully paid, except Ehat, if noP~ooner
<br />paid, the final payment of prindpal and interest shall be due and payablt on the first day of
<br />APRIL 2018 ; 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:
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<br />I, He/she wi\l pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time,
<br />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 installment due date, need not be credited until the next following install-
<br />ment due date or thirty days after such prepayment, whichever is earlier.
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<br />2. Together with, and in addition to. 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 day 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 and
<br />payable on policies of fire and other hazard 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 />the Mortgagor is notified) less all sums already paid therefor divided by the number of months to
<br />elapse before one month prior to the date when such ground rents, premiums, taxes and assessments
<br />will become delinquent. such sums to be held by Mortgagee in trust to pay said ground rents, premiums,
<br />taxes and special assessments.
<br />(b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the note
<br />secured hereby, shall be paid in a single payment each month, to be applied to the following items
<br />in the order stated:
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<br />(I) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(II) interest on the note secured hereby; and
<br />(III) amortization of the principal of said note.
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<br />Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by
<br />the Mortgagor prior to the due date of the next such payment, constitute an event of default under
<br />this mortgage, At Mortgagee's option, Mortgagor will pay a "late charge" not exceeding four per
<br />centum (4%) of any installment when paid more than fifteen (15) days after the due date thereof to
<br />cover the extra expense involved in handling delinquem 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.
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<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 aClually made by the Mortgagee, as trustee, for ground rents, taxes and assessments or
<br />insurance premiums, as the case may be, such excess shall be credited by the Mortgagee on subsequent payments
<br />to be made 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 wrillen notice from the Mortgagee stating the amo!Jnt of the dcficitn-
<br />cy, which notice may be given by mail. I f 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 m:quircs the property otherwise after default. the Mortgagee, as trustee, shall apply, at the time of
<br />the comlllencement of such proceedings or at the time the property is otherwise at:quircd, the amount then re-
<br />maining to credit the Mortgagor under (a) of paragraph 2 preceding. as a credit on the interest accrued and un-
<br />paid and the balance to the principal then remaining unpaid on said note.
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<br />4. The lien of this instrument shall remain in full force and effect during any postponement or extension
<br />of the time of payment of the indebtedness or any part thereof secured hereby.
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<br />:'i, He/she will pay all ground rents. taxes, assessments, water rales, and other governmental or munidpal
<br />charg,,~s, fines, or impositions, levit:d upon said premises and that he/she will pay alllaxes levied upon this mort.
<br />gage, or tlw debt secured thereby, logether with any other taxes or assessments wh!\.'1l lIlay he In ied under I he
<br />laws uf Nebraska ag~lillst the Mortgagee, or t he legal holder of said principal note, on act'oullt of Ihj~ illdl.'hlt'dlll'ss.
<br />ext:epl when payment for all \Ut:h itellls has theretofore been made LInder (a) of paragraph 2 hnt'of, alld lit'"she
<br />will promptl). dtlhcr the offidal receipts therefor 10 the t\.lortgaget', III defaull Ilwreof I lie ,\tOrl~aIH't' Illay pay
<br />the ~:II11c.
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