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87-- 102854
<br />To HAvz AND To Hold the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinotherwise recited; that the Mortgagor will warrant
<br />and defend the sane against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />All rights of homestead, all marital rights, either in law or inequity, and all other contingent interests of
<br />the Mortgagor in and to the above - described premises.
<br />wit: PMVWW ALwAYs, and the presents are executed and delivered upon the following conditions, to
<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at rule rate of Ntne and tat+e half per centum ( 9.5070 per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of SUPERIOR NoRTGAM INC.
<br />err ISLAM, , or at such other place as the holder of the note may desi
<br />writing delivered or mailed to the Mortgagor, in monthly installments of Three Hundred Eighteen and�68 /100ths
<br />Dollars (f 318.60 ), commencing on the first day of Jul
<br />the first day of each month thereafter until said note is full y , I8 a7 , and continuing on
<br />payment of principal and interest shall be due and n he first except that, if not sooner paid, the final
<br />according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He /she will pay the indebtedness, as herembefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness 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 !eceived• Partial Prepayment, other than on an installment due date, need not be credited until the
<br />next following installment due date or thirty days after such ptePaYment, whichever 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 this
<br />trust as hereinafter 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
<br />and payable on policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due on the mortgaged property (all as estimated by the Mort-
<br />gagee, and of which the Mortgagor is notified) less all sums already paid therefor divided by
<br />the number of months to elapse before one month prior to the date when such ground rents,
<br />premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee
<br />in trust to pay said ground rents, premiums, taxes and special assessments.
<br />(b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the
<br />note secured hereby, shall be paid in a single payment each month, to be applied to the follow-
<br />ing items in the order stated:
<br />(1) ground rents, taxes, asseuments, fire and other hazard insurance premiums;
<br />(11) interest on the note secured hereby; and
<br />(Ill) amortization of the principal of said note.
<br />Any deficiency in the amount. of an, }, such aggregate monthly payment shall, unless made good
<br />by the Mortgagor prier to the. due date of the next such payment, constitute an event of default
<br />under this mortgage. At Mortgagee's option, Mortgagor will pay a "late charge" not exceed-
<br />ing four per centum (4% ) of any installment when paid rrwre than fifteen (lb) days after the
<br />due date thereof to cover the extra expense involved in handling delinquent payments, but such
<br />"late charge" shall not be payable out of the proceeds of any sale made to a Paym the indebted -
<br />ness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness fy thid and
<br />all proper costs and expenses secured thereby.
<br />3. If the total of
<br />exceed the amount of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br />payments actually made by the Mortgagee, as trustee, for ground rents, taxes and
<br />on eta or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br />leafyfenundpa�n s to be made by the Mortgagor for such items or, at Mortgagees option, as trustee,
<br />items when the same ronagagor. due ender, such monthly payments shall not be sufficient to pay such
<br />payable, then the Mortgagor shall pay to the Mortgagee, as
<br />trustee, any amount necessary to make up the deficiency within thirty (30) days after written notice from
<br />the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br />the Mm's' mall tender to the Mortgagee, in accordance with the provisions of the note secured
<br />hereby. full Payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall,
<br />in commuting the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br />accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under any
<br />Of the Provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the
<br />acquire the Property otherwise after default, the Mortgagee, as trustee, shall apply, at the
<br />aunt tbauu rsaresinimg to ctbdi eroceedings, or at the time the property is otherwise acquired, the
<br />rtgxgor under (a) of paragraph 2 preceding, as a credit on the
<br />intea�st seal and unpaid and the balance to the principal then remaining unpaid on said note.
<br />4. The lfett o! this instrument shall remain in full force and effect during any postponement or exten-
<br />sion of the iii of Wyment of the indebtedness or env nartthereof secured hereby.
<br />b. d Chi will pay all ground rents, taxes, a ierita, water rates, and other governmental or
<br />mmdcipsi chatgaa.+, or impositions, levied upon said premises and that he /she will pay all taxes levied
<br />. or the debt secured thereby, together with any other taxes or
<br />M IOVmd under the laws of Nebraska against the M meets which may
<br />WCONIM Of this indebtedness, ortSageo, or the legal holder of said p�ptipani note, on
<br />tedness, except when payment for an such items has theretofore been made under (e)
<br />Of paragraph 2 hereof, WA he /she will PruPOy deliver the official receipts therefor to the Mortgagee. In
<br />defatalt dwroor the Mortgagee may pay the scone.
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