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<br />--.e 104644
<br />To HAVF Aun To #lra.D the same unto the ,Mortgagee, as herein provided. Mortgagor represents to.
<br />and covenants with; the Mortgagee, that the Mortgagor- has good right to well and convey said premises;
<br />that they are free from encumbrane . except _as - hereixriith ray is t .cited; that the Mortgagor will warrant
<br />and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, either in law or in e(juity, and all other contingent interests of
<br />the :Mortgagor in and to) the above- deseribed premises.
<br />PnoviD1 D 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 (if Nine per centum_ ( 9.00or) per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of SUPERIOR MORTGAGE, INC.
<br />in GRAND ISLAND, NEBRASKA or at suds other place as the holder of the note may designate in
<br />writing delivered or mailed to the Mortgagor, in monthly installments of Two Hundred Forty-Three and 80 /100ths'
<br />Dollars ($ 243.80 ), coinniencing on tine firs[ day of October , 1986. . , and continuing on
<br />the first day of each month thereafter until s=aid note is fully )isiief,.except that, if not sooner paid, the final
<br />payment of principal and interest shall be clue and payab #e on the first day of September, 2016 - : all
<br />according to the terms of t cerrtain prornissory note of even (late 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 />tithe, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one
<br />installment, or one hundred dollars ($100.00), whichever is less. Prepayment in full shall be credited on the
<br />date received. Partial prepayment, other than on an installment due date, need not be credited until the
<br />next following installment due date or thirty days after such prepayment, whichever is earlier.
<br />2. Together with; and in addition to. the monthly payments of principai and interest payable under
<br />the terms of the note secured hereby, Mortgagor will pay to) Mortgagee, as trustee. (one #er the terms of this
<br />trust as hereinafter stated) on the first day of each month until said note is fully paid:
<br />(a) A sum tipial to the ground rents, if any. next deuce plus the premiums that will next become due
<br />and payable ore juAicies of fire and either iraLard insurance covering the mortgaged property,
<br />plus taxes and assessments -next dui 4m the inerrtgaAred property € all as estimated lay the Mort-
<br />ga . and ,if .+-hieb the Mortgagor is'azattf .X31 f ss alt .sums already paid therefor divided by
<br />the nnmix�r of months to , =lapse tF fewc, nr,�A mranth px, i(ir to the state when such ground rents.
<br />premiums. taut=,, and assossmentk wit" bLii oina, delinquent, such sums -to.be held by Mortgagee
<br />in trust to pay said ground rent- prc'rni�rfn = t3_ xe;: 5 <[n +_t- �pu,�i'ial$s:;eSStnents.
<br />(ti) The aggregate Of t1w anlount_s payal,lo pursuant to subparagraph (a) and those payable on the
<br />note secured hereby. shall l,*,.psai,i in a -singes payment each montit, to be applied to the follow-
<br />mg items in the order:stated :
<br />(1) ground r,ints, h-n- and other _h;a -zard insurance premiums.
<br />00 . nt, =rest ten the not,a iFvcui r l l vrA) .-Mili
<br />(Ill) arnort,ixation'of tls,. priaat,lpal i�f aril note
<br />Any dvfici, °ncr in tine aamaunt -,,r W. sm-1, .afgr`t=101.? rr,e.nthiy payment shall. unless made good
<br />by the Mortgag ., pi-I'll, to tl.s +Las .f.t, „i 'he l ±aymcnt, c €*nstitut,e an event of default
<br />under this n:ot tgzige. At Mtertl tit ,' 4etic n. Al ,rtgagor xvill flay a "late charge" not exceed-
<br />ing four loc?r csntum (41� ) of any rsstalitwv nt -when paid mare than fifteen (15) days after the
<br />due date therefor totnv"r the extra irxrmnls, la %ivi inliandlit igdclirrcluctntpayments, but such
<br />"late +charge=., shall not lie payable :,rat f t,; lac e eats of anv sale made to satisfy the indebted -
<br />ness ve,_ara +9 llor0by. unlr-'s "utih disc:h.argo: the entire. indebtednessand
<br />all proper costs and expenses 6vour-i thcr.•lrt>
<br />3. If the total of the payments made by the Mortgagor tangier (a) of paragraph v preceding shall
<br />exceed the amount of payments actually made by the M ,rtgagev, as trustee, for ground rents, taxes and
<br />assessments or insurance premiums, as the case relay- tae, such excess shall be credited by the Mortgagee
<br />on subsequent payments to be, made by the Mortgagor for -aich items err, at Martgagee's option, as trustee,
<br />shall be refunded to :Mortgagor. If, however, such mrrnthiy payments shall not btr sufficient to pay such
<br />items when the same shall- bcoome due and payable, the -a. tree Mortgagor shall pay to the Mortgagee. as
<br />trustv,e, any amount necemary to make tit) the detietency within thirty (3,0) days after written notice from
<br />the Mortgagee stating the amount of the deficiency. whic=h no #ice= may be given by mail. If at any time
<br />the Mortgagor shall tender to the Mortgagee, in it ,rctirat ..ith the provisions of the motor secured
<br />hereby, full payment of the entire indebtedness ry ,reaeent,,41 thereby, tine Mortgagee, as trustee, shall,
<br />in computing the amount art such indebtedness, vreht ter till, a,-r -atint if the Martgagor any credit balance
<br />accumulated under the p ovi-lons a oix , -if paragrao "', ?' a'f. I' 1h , r.- shall be a default under any
<br />of the provisions of this mortgage resulting in a public ;rate if the promises covered boreby, or if the
<br />Mortgagee acquires the property otherwise after default, the Mortgagee., as trustcv, shall apply, at the
<br />time of the commencement of such proceedings. or at the time the property is otherwise acquirattl, the
<br />amount then remaining to credit the Mortgagor under (a) of paragraph `21 preceding, as a credit ain the
<br />interest actrued and unpaid and the balance, to the principal "then remaining unpaid on said note.
<br />:4. The Vern of this lw4rtrtn,tnl shall r,,rn:ain In frill 1'uto, and street during ally postpumenmerd or extent,
<br />sto,n of the tiryw ill' t:,Fyrncuat Of tit, rnae latcdr(e- = err aot,- aiat t t,h. r, „4 wevur.ril hvn -by.
<br />5. ficil4he will lamp° all ground rents,, taxes, csrstnentr, water raft=s. and :,ether governnienud fir
<br />municlVal aharxe',, fines, or impoAltions, levied upein said premmses ar'SCt that hv Khe will flay 2111 t:aaer; levied
<br />ujwn this tri „rig e, or the th,10 tsVrurt'd tlr, r+ fit•. tc,ili=then with wlt;Ehi r take~ of air r�rnaxats whr, h rrrx
<br />tale levie'l uttlVr th,^ Haws ,if nt"lrrravi i u,g am,o I, ^e;ru hcrh'l,q set aar,.l t,rinrtpr,f
<br />eastrrit =,f rlx,+ e,t�ta�tatr�drr :, , sa,:etiI wkt� rr l t -, eves';;~ t .x ,el. ti, r It ; ^.t=int, hiin It+ve, r<,t.,r, math tr11,1er „s
<br />'1 1, ea = „ €- curd ha,.hs 4111 #ur�er,l tai ,lri�c 1t. ,.,r- ..y +'r' <, s4 :f, �It, a :J, p 4�:• 4f:tSra}t, =, Ir;
<br />to *fault t,,vn, -,,, ,f o i1,aYlytttgsa +t,i,' r as° 41E; i.it,z<<-
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