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<br />as- 104467
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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, tbat thc Mortgagor has good right to scll and convey said premises; that thcy
<br />are free from encumbrance, except as hereinotherwise recited; that the Mortgagor will warrant and defend tbe
<br />same against the lawful claims of all persons whomsoever. Mortgagor hercby relinquishes all rights of homestead,
<br />all marital rights, either :n iaw or in equity, and all other contingent interests of the Mortgagor in and to the
<br />above-described premises.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to
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<br />..J wit.
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<br />Mortgagor agrees to pay to the Mortgagee, Dr order, the aforesaid principal sum with interest from date
<br />at the rate of Ten iIld one half per centum (10.50 Ofo)
<br />per annum on th~aid balance until paid. The said principal and interest shall be payable at the office of
<br />CEIITIR. IIIRTGIMiE TIlIl
<br />in lIT. IUIlENS, Nlatl6All , or at such other place as the holder of the nOle may designate in
<br />writing delivered or mailed to the Mortgagor, in monthly installments of
<br />Three Hundred Fifty and 8OIIOOths
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<br />Dollars ($ '350.80 ), commencing on the first day Df Octobl!r, 19 88
<br />and continuing Dn the first day of each month thereafter until said note is fully paid, except that, if not sooner
<br />paid, the final payment Df principal and interest shall be due and payable on the first day of
<br />Septl!llber, 2018 ; all according to the terms of a certain promissory note of even
<br />date herewith executed by the said Mortgagor.
<br />The MDrtgagor further agrees:
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<br />1. He/she will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time,
<br />without premium or fee, the entire indcbtedness or any part thereof not less than the amount of one installment,
<br />or one hundred dollars ($]()().OO), whichever is less. Prepayment in full sball be credited on the date received.
<br />Partial prepayment, other tban 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, MDrtgagor will pay to Mortgagee, as trustee, (under the terms Df tbis 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 bccomc due and
<br />payable on policies of fire and other hazard insurancc covcring thc mortgaged propcrty. plus taxes
<br />and assessments next due on the mortgaged pro,Jerty (all as estimated by the Mortgagee, and of whicl.
<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 tbe 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) !imDrtization of the principal of said notc.
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<br />Any deficiency in the amount of any such aggrcgate 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. MortgagDr will pay a "late charge" not exceeding fDur per
<br />centum (4'lo) Df any installment when paid more than fifteen (IS) days after the due date thereof to
<br />cover the extra expense involved in handling delinqucnt payments, but such "late charge" shall not
<br />be payable out of the proceeds Df 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 paragrapb 2 preceding shall exceed tbe
<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 MDrtgagee on subsequent payments
<br />tD 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 bccome
<br />due and payable, then the Mortgagor shall pay to the Mortgagec, as trustec, 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 indebtedncss rcpresented thereby, tbe
<br />Mortgagee, as trustee, shall, in computing the amount of such indebtedncss, credit to the account of the MOrl-
<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 thc
<br />MDrtgasee acquires the property Dtherwise after default, thc Mortgagec, as trustce, shall apply, at the time of
<br />the CDmmencemenl of such proceedings or at the time the propcrty is otherwise acquired, the amount lhcn re-
<br />maining to credit the Mortgagor under (a) of paragraph 2 prcceding, as a crcdit on thc intercst accrucd 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 tbis instrument shall remab in full force and effect during any postponcmcnt or extension
<br />of the timc of payment of the indebtedness or any part thercof sccurcd hereby.
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<br />5. Hc/shc will pay all ground rcnts, taxcs, asscssments, watcr rates, and mher governmental", municipal
<br />chargcs, fincs, or impositions, levied upon said premiscs and that hc/she will pay all taxes levied upon this mort.
<br />gage, or thc debt securcd thereby, together with any other taxcs or assessmenlS which may he Jc,'ied under Ihe
<br />laws bf Ncbraska against the Mortgagce, or thc legal holder of said principal nole. IIn accoUnlllr Ihis indehledne".
<br />except whcn paymelll for all such items has thcretofore been made under fa) Ill' paragraph ~ here"r. and he ,he
<br />will promptly delivcr the official rccciplS therefor to the MOrlgagee. In defauillherellr the ~lmlcage,' ilia, pa'
<br />lhe same.
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