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86- 102833
<br />To HAVF AN f) To II itm to 4,ini4, u I; to ')it, M,
<br />and eovemints witit,
<br />the !)!;it 011 All"
<br />that tht-Y ar fr,.k. froni
<br />arid ilt-fend tile aF,zlrasEt I;t, , oar at
<br />lzlull,� Cil all pi.l,wl� li"rel)v ri'lingluishes
<br />all rights of homestead, all ljj;jrjj.tj 1-ig1qi. e:t Ili,!- Ill or ul el;111t.% . ;Uld all oiller eolltingent ilitt'n'sts of
<br />the Mortgagor in and to tile abot premises.
<br />wit - PMVIDED ALWAYS, and the-so presents are executed and It' ht."" red Upon the following Conditions, to
<br />Mortgaguragrrees ill pay to the MortizaL'oe, or, or(ler, O:i- af-iresaid principal sum a ith interest fl-()Zll djtt.
<br />at the rate of * Mine e and ore half puroplitur.) (9 'lit] balance until 1):ti(l.
<br />The said prirwipal and iij,,,•yest shall be payable ;it the I li*e �f U 1--in Assoc atffoWof Lincoln
<br />A c
<br />in Lincoln, 3chraska
<br />. or at suk-11 other place ;ls I he holder of the llill" nlav designate ill
<br />writing delivered )j• n1jilie,j to tile Mortgn,gor, in nit'zithh, of Ft ve hundred Ninety and a1 /100
<br />Dollarli, ($ 590. 51 ("l!"Iniencing on tht-, first ,'f July . I . , 1936
<br />and continuing on
<br />the first day of each m,. ;h , 1jere"Ifler until aid 11"ttr is "'11"Y 114'll- 'Xl 'Tt th,11, if not Soijupl• paid, the final
<br />payment of principal ;ltid inter, st shall it dui and pik" ablo oil '11i. !I rst day of June
<br />according to the terms of .1 (-i,ct.,jjT3 Ill,() 2001 : ;jp
<br />rillssi.)", •vell ro%k It 11 rXecuted by the Said Alortgalro•.
<br />The Mortgagor f
<br />1. He v.-ill pay Iht. infii hTdl'wss. Its pro\ tt od Pr;vih•ge is resel-Vool to prepay at any
<br />time, without pr,,,minni oi 1, tIH' "Itit-C "r Zin'
<br />i the amount of olIL'
<br />d dollars*t$100.00), whichever i. iL'SS. Prepayment it, full shall be credited on
<br />installment, or one hundred all
<br />the date received. Partial prellaYment, other than on an installment duc date, need not be credited until
<br />the next following installment due date or thirty days after such prepayment, whichever is earlier.
<br />2. Together with, and in addition to, Ili- monthly PaYn'14-11ts of principal and interest payable under
<br />the terms of the note secured hereby. Mortgagor xil! pay to its trustee, (under the terms of this
<br />trust as hereinafter stated_! on the first day of each nwilth until ;;ill] nott, is fully paid
<br />(a) A SUM equal 10 the group.! !•"It";- ill", • 11"t tiny. Plus the w-einkinis that will next become due
<br />and payablt� 11ji
<br />covering the mortgaged property,
<br />plus taxes and tit,-Xt (Ill'• in the ll`1_t9lWc"i PlIT01-1 . N (all as estimated by the Mort-
<br />gagee. and (If u fll•!l the Jlrlrtgagi>r is fl"t i ilod) less all sums already- paid therefor divided by
<br />the number of tn(,jjtIjsi t,� .liti,
<br />. t. prl,w to the ' (lato, when Stich ground rents.
<br />premiums, NIN't•s and ty lil lwconic such Sums to be held by Mortgagee
<br />in trust to pay saj,l i-j,j <, t,
<br />'I x. ; ,I;d
<br />0 special assessments. (b) The aggregate . - th., ;wl'olrls Ita.vaill'. pursuant t) subparagraph
<br />lei) and those payable on the
<br />Dole s(,CIll` (I twr'-b shad I- lill;,i llm :,. sing!" pii� nt each Month, to be applied to the follo,_
<br />inillitems :ri :
<br />ground rents, t :Is a !I, I ,the,]- hazard !I) surarl( C. premiums
<br />!lItt.l.•,t on th" lli•r'ohl and
<br />(111) aulm-tization elf ti,,• pj*jllcjpjjI If Said note.
<br />Any :Ili% Such .*Iggr,.g,,tj" !,I(jill PaVint'llt shall, unless made
<br />by
<br />tlit, AI,lj,-g;lgtjI tilt, 111,, good
<br />filt( of the rl,-xt such pavrnent'. mstitllte an event of default
<br />under IiIIS
<br />Mortgage. At (,ptil,lk. tgagor %yiII pay ' "]ate charge" not exceed-
<br />illg four Pir c,,ntum
<br />of ;I,,%, lls," a1! ?n,,n t N. Iwn paid more than fifteen ( 15 ) days after the
<br />due data t ljc),,-(,f to ( ot the
<br />" ex t ra expense n
<br />a!d 1119 de] i "( tie" t payments, but such late ( halgi." hal
<br />not b"
<br />payable out of !I),- kwocf; -'s of any salt• nl,"Ie to satisfy the indebted-
<br />ness secured ilereliN., I,,,, lf,ss such is
<br />privet are 'wfi( I ellt to tIjsebarg(,' the entire indebtedness and
<br />all proper
<br />costs and expenses secured tbc!rcbj
<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 MOrtgagee, as trustee, for taxes
<br />ground rents, anti
<br />asseltam.ants 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, trustee,
<br />as
<br />shall be refunded to Mortgagor. If, however, such monthly payments -hall not be sufficient to
<br />Pay such
<br />items when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee,
<br />as
<br />trustee, any amount necessary to make up the deficiency within thirty (30) days after X% rittell notice From
<br />the Mortgagee stating the amount of the deficiency, Which notice may be by
<br />given mail. If at any time
<br />the Mortgagor shall tender to the 'Mortgagee, in
<br />accordance %vith the provisions of the ri()tA_, secured
<br />hereby, full payment of the entire indebtedness
<br />represented thereby, the Mortgagee. as trustee, shall,
<br />in computing the amount of such indebtedness, credit to the
<br />account of the Mortgagor any credit balance
<br />accumulated under the Provisions of (a)
<br />of paragraph 2 hereof. If there shall be a default under any
<br />of the provisions of this mortgage resulting in
<br />a public sale of the premises covered hereby, or if the
<br />Mortgagee acquires the Property otherwise default,
<br />after the Mortgagee. as trustee, shall apply, at till,
<br />time of the commencement of such proceedings,
<br />or at the time the property is otherwise acquired, the
<br />amount then remaining to credit the Mortgagor
<br />under (a) of paragraph 2 preceding, as a credit tin the
<br />interest accrued and UnPaid and the balance to the
<br />principal then remaining unpaid on said note.
<br />4. The lien of this instrument hall remain in full force and effect during any i-stp,alenient orexten-
<br />sion of tile trite of Inc
<br />pay lit of the ndtrbta rest s or RlIY Part thereof sticurtA hereby.
<br />5. fit- will pay all ground rur ts. tativ.s. assck'sillents, as li')' rates. and other goi,,rnmental or njulli• !_
<br />pal charg". tiny t
<br />, ,r upcm said pr raises and lilla he well pay all tax,ls iet tell I;JN�rl this •
<br />Mortgage, or thi. debt &4.eul,A 1, irehy% tt,g,,*)lq,r -t !0I I'll%. taxes
<br />wider the laws of Ntbrasklt
<br />against Ozt, %lortvaxf. rw tlk,' of sail; "1", :4", tit'
<br />this Indle6te4neAs, exep,, of
<br />pa�rnt,w fo, ill;
<br />1 101 :t as therett,fore
<br />th., lifofi ,Aj: 11;,, 1,;1, 01.,W,.,
<br />
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