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86. 102549
<br />1'o HAVE Afar To flora) the vane .,nt, .n,'l,artgag is Isere n pr,vided. Mortgagor represents to,
<br />and cnvenants with, tfic- Mortgagee, t•tiat the Mortgagor his goc,d right to sell and convey said premises;
<br />that they art, free from encumbrance, except as )ie•reinotheru ise recited; that the Mortgagor will warrant
<br />and defend the same against the lawful claims of all persons whomsoever. -Mortgagor hereby relinquishes
<br />alt rights of homestead, all marital rights, either in law or in equity, and all other contingent interests of
<br />the Mortgagor in and to the above - described premises.
<br />PROvIDFD ALWAYS, and these presents are executed and delivered upon the following conditions, to
<br />wit.
<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of Hine and one half per centum (9-50 per annum on the unpaid balance until paid.
<br />The said principal and interest shall he payable at the orlice of Superior Mortgage, Inc.
<br />in Grand Island, Nebraska e u• ,it such., ti, erplaceas the holderof the note may designate in
<br />writing delivered or mailed to the Mortgagor, in monthly inst llnients of Six Hundred Seventy-Eight and 75 /100ths
<br />Dollars ($ 676.75 ) , commencing on the first clay of .piny , 19e6 , and continuing on
<br />the first day of each r.,ontii thereaftesr until said note is fully paid, except that, if not sooner paid, the final
<br />payment of Principal ;uvi interest ..hall 1,4 =due anci payable on the first day of junes 2001 all
<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 hereinbefore provided. Privilege is reserved to prepay at any
<br />time, without prem ?urn 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 received. 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 prepayment, 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 folly paid:
<br />(a) A sum ,dual to the ground rents, if anv, next due, plus the premiums that will next become due
<br />and payable on policies of firer and Ithe•r hazard insurance covering the mortgaged property,
<br />plus tax,s and assessrnc•nts next -iuc• rn t!u" mu;•tgagr°ci property (all as estimated by the Mort-
<br />gagee. ano „f %t hich t!re Uortg W"!' ;s nnt,Pi, d) !:s '!i sums already paid therefor divided by
<br />the numbs -r ,rf month_. b.�if,I 10- munt.h prior to the (late when Stich ground tents,
<br />premiums. fix, -s and assr :�sn :eui, !1 i„ -c)me dehU- illcnt, such sums to be held by Mortgagee
<br />in tr-ist to pad .laid gro-inl re nt.;, pr,•rruurns, taxcs:tIld SPecial assessments.
<br />(h) The aggregate of th, artomilts pa"ah!,l uursuant to subparagraph (a) and those payable on the
<br />mote secured h-, - sha!i 1n, nail in ar singh, payrnent ,•ash month, to be applied to the follo;v-
<br />ing items in the nrder:;taU tl:
<br />(i) ground rrnt�, taxes. assrssro, nts, tire' amp other haz :u'd insurance premiums:
<br />(tt) inicres [,•nthaiiotesecurcdhcrOn: and
<br />(I[Ii ,ani,rUzat.iCti ,f '.h, pr!nr•ipal of sail nob,
<br />Any de e , n, ? :, a it r. u,h aggro y, it rr;, ntr I psi :tieiit shall, unless made good
<br />by the Harty ay m prn,r ILI t!;,• Iju, ia"'I'l the next such p.at recut, ,•nnsfitute an event of default
<br />under th.a nrortga} c At. 1lortgage c s „p,tiun. }1 „rtl al will pay a "late charge” riot exceed-
<br />ing four pOr c,•nturn ( V,) of and install rncnt. :,hen p::id nose than fifteen (15) days after the
<br />due date twlrerof to cover the extra exp>,ntse incolced in handling delir :quest payments, bnt such
<br />"late charge" .shall riot hc• payable nut of th,• pence, ds (tf any sale made to satisfy the indebted-
<br />ness sewtired h,•n in, unless s110t pros;eds le" to riischarge the entire indebtedness and
<br />all proper costs :end expenses secure•,! thereby.
<br />3. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by the Mor•tgage•e, :ts trustee, for ground rents, taxes and
<br />assessments or insurance premiums, as the case may tit, su. h oxk:ess shall he credited by the Mortgagee
<br />on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee•,
<br />shall be refunded to Jortgagor. If. however, such monthly payments shall not be sufficient to pay such
<br />items when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagev, as
<br />trustee, any amount necessary to maker up the deficiency -within thirty (30) days after written notice from
<br />the Mortgagee stating the amount of the deficiency, which notice may Ir— given by mail. if at ariv tl:ne
<br />the Mortgagor shall tender to the \Mortgagee, in accordance with the provisions of the Hole
<br />hereby, full payment of the entire indebtedness representerd thereby. the Mortgagee, as trustee, shall.
<br />in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit. balanc-•
<br />accumulated under the provisions of (a) of paragraph 3 hereof. if there shall ix• a default under any
<br />of the provisions of this mortgage resulting in a public sale of the premises covered hereby, ,r if the
<br />Mortgagee acquires the property otherwise after default, the Mortgagee, as trust,.!, sf;all apply, at tho
<br />time of the commencement of such proceedings, or at tht time the property is otherwise ac•quirMi, the
<br />amount then remaining to credit the :Mortgagor under (a) of paragraph 2 preceding, as a credit on the
<br />interest accrued and unpaid and the balance to the principal then remaining unpaid on said note.
<br />4. The lien of this instrument -,all remain in full fcree and effect 1111-irig a113• past punoment or exten-
<br />sion of the time of pal meni ni the mdchtedno-ss ,rr' anv hart thereof secured herrlrt .
<br />`i. lielshe will pay ail ground rents, taxes, assessments, water na e.s. and other kovernmenui! .,r
<br />municipal t -harycts, find, or :anpositions, levied upon -aid prernietes and that hc:she will pay :dl tzrxes Ievwd
<br />upon Lila inortMe, Or the dehr iuc, -ured then+v. tortether with any ,,;her ta_xe, or riae.c�rn,vity wi r, h niav
<br />be Ieried tinder the lawn „f Nebraska aglunst the Nlortvaww, or the legal ad z,rinr,pael riots, ,ur
<br />account of this mdeb14iciriem, except when payrnerit for ail Ste h ucrri? hzis 1hvre•i,,f„r, !,n n tisane under +
<br />ci
<br />!A pehragraph l herpes, snd'te,ahe Sarre pnimptly de-liver t1r� t,rkaKee•, the
<br /><iefxi, €t fiber* .>f =sic rriny pas r+,, eatrie
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