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<br /> To HAVE AND To HOLD the same unto the. Mortppee as 4cretp provided. MortM,0 rwpresents to. and
<br /> covenants with. the Mortgagee, that the Mortgagor has food rights to Will and CW1VtY a#kl I+Mfnises: that they
<br /> are free from encumbrance, except as hereir"herwise tecited: that the MortpVx will wrtr v at and defend the
<br /> same against the lawful clairats of all paums why. Mortgagor hereby re inquishn all righu of homestead.
<br /> all rnarit.al rights, either in law or in equity. and all other coutingett Intttests of the Mortgagor i. and to the
<br /> above-described premises.
<br /> PROVIDED ALWAYS. Rnd these presents arc executed and delivered upon the following cwditions. to
<br /> .J 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 Tun and me half per centum ( 10.:4
<br /> per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of
<br /> in. MT. CL>;FYJFS, 91%IG M . or at zach other place as the holder of the note may designate in
<br /> writing delivered or mailed to the Mortgago% in monthly installments of
<br /> Three Haadrrd Filtr-!Vane ud W100ths
<br /> Dollars (S 413, lb commencing on the first day of 19 ~ i
<br /> and continuing on the first day of each month thereafter until said note is fully paid, except thut, Unix sooner
<br /> paid, the final payment of principal and interest shall be due and payable on the first day of
<br /> fw9lst, 2016 : all according to the terms of a certain promissory note of even
<br /> date herewith exLcutcd by the slid Mortgagor.
<br /> The Mortgagor further agrees:
<br /> 1. He/she will pay the indebtedness. as hereintacfore provided. Privilege is reserved to prepay at any time,
<br /> without premium o! fee, the entire indebtedness or any part thereof not less than the amount of one installment.
<br /> or ciae hundred dol'Ca-s (5100.M). whichever is less. Prepayn-_t in full shall be credited on the date received.
<br /> Partial prepayniew. 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.
<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 wiN next become due and
<br /> payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes
<br /> and assessments nest due on the mortgaged property (till as estimated by the Mortgagee. and of which
<br /> the Mortgagor is notified) less all sums already paid therefor divided by the numl*r of months to
<br /> elapse before one month prior tR the date wh n such ground rents, premiums, taxes and assessments
<br /> will become delinquent, such slums to be t!d by ;Mortgagee in trust to pay said ground rents, premiums.
<br /> taxes and special assessments.
<br /> (b) The ag)trcgatc of the amounts payable pursuant to subparagraph (a) and those payable on the note
<br /> sccnred hereby, shall by paid in a cipgle payment each month, to be applied to the following items
<br /> in the order stated:
<br /> (t) ground rents, tams, assessments. fire and other hazard insurance premiums;
<br /> (11) interest on the note secured hereby; and
<br /> (tit) amortization of the rrincipal of said note.
<br /> Any deficiency in the amount of any such aggregate monthly payment shall, unless made goad 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 forar per
<br /> centum (41yv) of any installment when paid more than Fifteen (13) 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 arc 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 shali exceed the
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<br /> amount of payments actually 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 shal! become
<br /> due and payable, then the Mortgagor shall pay to the hfortgagce, 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 acr:umulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default
<br /> under any of the prow s'rons of this mortgage :.•sulting in a public sale of the premises covered hereby, or if the
<br /> Mortgagee acquires the property otherwise after defau-,, rite Mortgagee, ss trustee, shall apply, at the time of
<br /> the commencement. of su.h proceedings or at the time the property is otherwise acquired, the amount then re-
<br /> maining to Lrcdji the Mortgagor under (a) of paragraph 2 preceding, as a credit en the interest accrued and un-
<br /> paid and the b-lone- to the principal then remaining t.npaid on said note.
<br /> 'J 4- The liar of this instrument shall remain In lull force and effect during any postponcmer_t or extension
<br /> of the tune of paytneni of the indebted- ~s o: pry part thereof secured hereby.
<br /> 5. He/site will pay all ground rents, assessments, water rates, and other governmental or municipal
<br /> charges, fines, or impositions, levied upon said premises and that he/she will pay all taxes levied upon this Mort-
<br /> gage, or the deb: secured thereby, together with any other taxes or assessments which may be levied under the
<br /> laws of Nebraska ar.,inst the Mortgagee, or the regal ho:clv_s of said principal note, on account of this indebtedness,
<br /> - except when paymet t for all such items has,_h-rrtofure been made under (a) of paragraph 2 hereof, and he/she
<br /> will promptly deliver the official receipts ther•-for to the Mortgagee. In default thereof the Mortgagee may pay
<br /> the sarne.
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