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ss-- 102786
<br />To HAVY Am, "I''+;1 IIOLD'.he.. sam9e un.,u't ti%v Mortgagoo. as ?t rt.-In Kied, -Mortgagor reprem — hits to,
<br />anal covenants with, the Slortg;agt e. that the ylortgagfor has g(xwi °ight �{:Frlve} said preinl -,,es;
<br />that they are free trom encumbrance *, except as hiareiracether.1 °ist recitik cd that the Mortgagor will warrant .
<br />and defend the same= against the lawful cl airris of all Persons whomsoever. .4ortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, lather in law or in ce,uit.y, and all outer contingent interests of
<br />the Mortgagor in and to the above- describ d premises.
<br />wit: PRrimm ALWAYS, and these 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 the rate of Mine and me half lx l <anrFtr(n (in the urlart:il Balance until paced.
<br />The said prin6pai and interest shall l:w lrayaaWW at th- - ttiee of Superior Mortgage, Inc.
<br />in Grand Island, Nebraska or at ,t ° h other place a> the !),older of the note may designate in
<br />writing delivered or mailed to tl.e Mortgagor, in month ),; ,n I,�alln,, -r.L� of Four Hundred SeventyNine and 291100ths
<br />t Dollars ($ 479.29 ), commencing on the first day of August , 1986 , and continuing on
<br />the first day of each rnonth thereafter until said note is fully- ),said, except that, if not sooner paid. the final
<br />payment of principai and interest small he cure �arrrt lkiy able on the fffst tea of Jul 2016
<br />� y Ye ; tilt
<br />according to the terms of a certain prOn1?SS0I'y1 ao`u> of c >verF slate herewith executed by the said Mortgagor.
<br />The Mortgagor f llrthe'r agrees
<br />1. He /she will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness for any part thereof not less than the amount of one
<br />installment, or one hundred dollars' t$100.00), whichever is Iess. 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 />Z. 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 Mortgagole, 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) ?he grctund rTtlts, if ably'. Isext, due, Mils the premiums that will next become due
<br />and payable oil policies f3f fire' and +Fther hazard insurance covering the mortgaged property,
<br />Plus taxes and assessnioznvs rit'xt- dl : >ti th- (mortgagod property (all as estimated by the Mort-
<br />gagee, and ct i�fc►1'IFt 11<tI'g;agc)r .eat ;a-c j 1 S aP suers already pares therefor divided by
<br />the numist_r of nionths to ei apse go fore t,ne month prior to the atato when such ground rents,
<br />premiums. f atie's and assossmetits it °Flt s e Tonle clohl'WVt nt, sui_'h sums to be held by Mortgagee
<br />in trust to pa- said grountl i-ritS, lrlrt•mii1m�, t axes ,end spacial assessments.
<br />(h) The aggregate w ti:_ amounts pav attlt> pursuant to subparagraph ta) and those payable on the
<br />note secured here =6rT, shall 1w paid in a single paymi!.,t e�aeh month. to be- applied to the follotiv-
<br />ingitems in the order,t<att;d:
<br />(I) gr+alrr3({ ! r rt5, ta�ier" a�Se'.5(T:E`Iit, tire' zinc{ rjtller Il�azarrl rrlSllranCe premiums;
<br />ss) i(ltt'r`i °St, on tho note seethed hereby ,and
<br />(111) ranior'ti7.: ti"r. of tile principal oI tile),(), (lt'1td'.
<br />Any fieficisvct ;rF tlii amolin of :{ 1 such aggtrt:gatt, (Tvolt.h1v PaaVment shall. unless made good
<br />bv the Nl.}r .gagor pr.<_tl' to ttie dut. chit.,' "f the ?It'xt SUIT), payment, constitute an event of default
<br />under this mortgage. At 1TortgaW4_,e's option, lltF ?'t�* iRt�r' ttirll pity a late charge" not exceed-
<br />ing four lx =r cent:um ( l`Y ) e;f acnyN Instill! Me.'It :eherr, paid more than fifteen (15) days after the
<br />due daik, thereof to cover the t.xtra expense involved in handling delinquent payments, but such
<br />"late charge" :shall not ljt� payable out of the proceeds of any sale made to satisfy the indebted-
<br />ness mo�cnred i crtft)y. u►1I4�ss such prix.- eds are Sufficient to discharge the entire indebtedness and
<br />all proper cost,% and expenses secured thereby.
<br />3. if the total of the payrtrents made by the Mortgagor under (a) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by the Mortgagee, as trustk'e, for ground rents, taxes and,
<br />assessments or insurance premiums, as the case may be. such excess shall be 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 Mortgagor. 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 Mortgagee. as
<br />trustee, any amount necessary to make up the deficiency- within thirty (30) clays after written notice front
<br />the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br />the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured
<br />hereby. full payment of the entire indebtedness reprt= stinted thereby, the Mortgagee, as trustee, shall.
<br />in computing the remount; 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 coverer? hereby, or if the
<br />Mortgagee acquires the property otherwise after default, the NSortgagee. as trustee, shall apply, at the
<br />time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br />amount then remaining to credit the Mortgagor under (a) of paragraph 2 prectAing, as a credit on the
<br />interest accrued anti unpaid and the balance to the principal then remaining unpaid tin said note.
<br />4. The Iten of this rs!rurne nt N )all remain in full foref' ant's vfft -ct durFngZ ,are:• 3aostponc'rnt:Ilt or exte ll-
<br />sion of they time of pay Tie--r1t of the nCiebtednf.ss or any nart thereof secured ht'rt:4 ?S
<br />b. He she +a111 pay all grOund rents, t.axeA. agents, water rates. and .tether governmental or
<br />rnunie:wtaad Cam, fTnft. or a rwtsititgas, levied uptwn gaud pre.miws and that hr frahr will pay ail taxes levletii
<br />upon ahis m , =mr the de t r wovurtd t iereby°. tawther with Garay other t. t_s e)r as
<br />e� rrFe r;ts Which {t nr _v
<br />wed under the ctf Netw a gist the Nlor#grvt_ =r ihe it gal hc)ld r tf sal l n(a at,Iii ns.at <
<br />lltm>rf3La.2at- ref taae irad ta: <re t^_Xt °ntf when aaErnerr fOr al such has �ari r tt. ? r t 1.114-! frmi,° i tdor
<br />,.
<br />eyt t- r43'(", 2 h rl"J, sled he ' re: wul promptly clei.sY er the ?ff4S'lai„ ;. ',"ti's °t. F, t!i «r?_ rt atr to the ":ta art};Ftgee. lv
<br />f1efakilt t.). be 'Morl4na Tvae u,.ay the %Arran
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