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86-- 104710 "VQ 0 WE)
<br />To HAVE AND TO HOLD tile same unto the Mortgagoo, as hen in provided. Mortgagor represents to,
<br />And covenants tivith. the ,Mortgagee. that the •im -WA90" has gmod right to and convey said premises;
<br />that they are free from encumbrance, exc:-21'4 a-i ho,firwthQrV, iSc rc =c:t<<?; that thou VY n gagor w 11 warrant
<br />and defend the same against the lawful claims of ail persons wholns-oever, : Mortgagor hereby relinquishes
<br />all rights of homestead, all marital tights, either in law or in equity, and all other contingent interests of
<br />the ]Mortgagor in and to the above-described premises.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to
<br />wit:
<br />hfortgagnr agrees try bray to the �Tortgagee, air order, the afore :aid pr incipa #sum with interest from date -- -
<br />- at the rate of Nine and one half per eentum ,19,50 !,i) per annum nn 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 such other place as the holder of the ante may designate in
<br />writing delivered or mailed to the Nlortgago -. in nionthly installrrietit,s of Nine Hundred Fifty -Nine and 12 /100ths
<br />Dollars ($ 959.12 1. commencing irn the fir.�t day of October , 1986 , and continuing on
<br />the first day of each month thereafter until =-aid note is i ril#v paid. except that, if not stoner paid, ttte final
<br />payment of principal anti interest shall to true and p uy able on the first day= of September, 2001 ; all
<br />according to the terms of a certain promrss-eiry note of eve n d ate Ilt- rewilh executed by the said 1Mortgag(
<br />The Mortgagor fro rtht,r agre =es:
<br />1. He /she will pay the indebtedness,.as hereintaefote 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 ($140,00), 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 />Z. Together with and in addition io, the monthly payments of principal and interest payable under
<br />tile terms of the note secured hereby, Mortgagor � i #1 Pay to Mortgage r, �s 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 />(al . sum iqual ". the I* ourrd rent�..f any , aaext due, plus the premiums that will next become dux
<br />and payatxle can Policies of fire and =other hazard insurance covering the mortgaged property,
<br />plus taxes An,l aswsamf•nts next'fjui, on ttif, mortgaged property (all as estimated by the Mort-
<br />gagee, and of w hie:h the Tsrrrgal . a = -; rrcitifre,;li s , all slims already_ paid therefor divided by
<br />the numtwr of months to, edam.; to fori ono - atonth prior to the date when such ground rents,
<br />prnmiums, taxi and raznf,
<br />Mien
<br />ts . >., � � n,f tielin(jutma. such sums -to tie held by Mortgagee
<br />in trust to pas- said ground rents, {or. -;n;um . t axe: -s and special assessments.
<br />(b) The aggr< gate of the rneritanis 1 a. aw(7 t ,rsuaret to rubparagraph- (ra) and those payable on the
<br />}rote ° aro 3 i:e,�resr ', ;:hall la i sin :.r a ingle payment each month, to be applied to the follow-
<br />le --
<br />ing ikemv in 0w Birder state =d
<br />try gs ,und runt., taxi's, +asae. sn.= 'ta 4 "re ar. *.i ether harp }rd insurance premiums_ ;
<br />fit) Out-rtst (,if Uw route se trr d h re,k .and
<br />(tilt �.tnu,xt:aatif,n € f (tie t r :aa t ;sel of saic r oto,
<br />Anv icRFiri t e.. ;s, uric .ai5aci..ir nr;r ,¢e.. •=i€k =l.tt= sit mthly payment shall: unless made good
<br />sy an event of default
<br />n �f o e ey :
<br />under
<br />ih.i. ni,ri vaVk , At M . uag. -4 +C'ic.rs. Mortgagor will pay- of "late charge" not exceed-
<br />ing four ;.,r o'titwn r, 1 ", l tae A lcrn I aid morethan fifteen (15) days after the
<br />Irie alatt> tut, e. -.rf ter . ,its t p t _ td in hdtnilirig deh nquent payments, but such
<br />"late e #t:es rte : #f .a +.,t l e, pa" ; eia,,,, .a '< ' ' ant• le +nade t o satisfy the indebted -
<br />ne„-;' iiaw +raa:r,tiry,ural.-ss4xh,r =,: t�,,a =tat'rw. <rtttreiielaari.t l'.ra'ntir'e' #nfTebterinessand
<br />all prop-,r t,,sts and t tilx,ns s , a: fir r t ths,rob .
<br />3. If the total of the payments made by the Mortgagor under (s7) oaf paragraph" 2 preceding shall
<br />exceed the amount of payments actually made by tho, Mortgagee,, as trustee, for, grtrund rents. taxes and
<br />assessments or insurance premiums, as the case may be, such rixef�ss shall he credited by the Mortgagee
<br />on sub..tqui.nt payments to be made by tile Mortgagor for sue <h itt•nts or, it Mortgagee's option. as trustee,
<br />shall be refunded to Mortgagor. If, however, such monthly.- p+ay'ments shall not be';tifFcient to pay Such
<br />item when the same shall become flue and 'payable_, than the Mortgagor shall pay to the Mortgagee, as
<br />trustee, any amount rtctetiar to, m €fke tip fltc wleYe rne� ° warS in thirty 130) ,lays afterwritten notice front
<br />the Mortgagoroe skating the amount of the ote�r "et i�ency, which notice may is, given by mail. If at any time
<br />the Mortgagor -shall tender to the Mott are rt saiY:, }ranee :i sth tt prervieautis of t1u nsitr secured
<br />hereby, full payment of the entire 'indebtedraerss repr, rlt'd th- r. =tn , thr• Nlcortgagioe, as trustee, shall.
<br />in computing the amount (if :?rich indebtodn - -ss, e'rt•elit t=, t: if, ao count of the, Mortgagor any crolit balance
<br />accumulAtfroil under the provisions (if rapt of l4ira r:rpla ° h, -n. f. 11 ',hare, shall her a dcfanit trader any
<br />of the provisions of this mortgage resulting in a lfol,flw aie +4 tho promisees covered hereby, ur if the
<br />Mawaao4uires the, property otherwise after -(1: atilt, tt.,> M rt¢irtexo -°_ as t-ruAtec, shall applr,'at the
<br />time of the eornmencement of suc`n proce tiflo. or at tie, ton, the ;i -,per y is cA_1wvw•is4 Alm"ire -1, the
<br />amount then remaining to credit the Mortgagor undf-r in) if panoog aph `? preveoling, ai;, a croolit -can the
<br />inter it owerucvi,'and unpaki and the Ir Gt! {ce t,+ the.- pr-inalual then rumaining unpaid on said note+..
<br />fho, .re r, =of th =ns!rtinwnt 0Aalt n-fnaiu a fiz i ftarr °,=ar,i e� +'.'r•�t +ir rinK atsi pwwstpn,neunent c,r exten-
<br />"`"` s fn f thv tsatf :.f vaonf sir of tit ,at+> mot tl.. read nctrr+ l herrbv'
<br />i •t
<br />nis +, wilt
<br />pay greened re =nu. :tae ^s, ansvzasmaants• +v¢ater trrti =, artrt , °ettrrr 9ravntttmeti s�i err
<br />anuttac:gral e' hlairK "-. fi of trni,wwitie,ta . levwd uleurr ;Band p'oremises and that hot;she wr #t pisy all raaxvs levied
<br />wfrrlrs tutus rsrsoctg r,, of tit, lie l +^ vw, utce# ai,o'n h-, t.rgOlf, r witti Arl;, ,- ith,•s taaaos nr alss"AsineritA w•hr +•It mry
<br />t,, fnsiwal - ,ilidef, 8 lase, >.i ii••r.- + -r th� ,ate 4s, 4,tl h ^w +• #. r . -s ,a;;.l #.r €`i gl4o[# mite, !r-ta
<br /># •Gg.J Par..,f 1fi aria }wit`lxMlas+ *n. ,, artrt -a, (, •a ntbt,i t:or 411 otolfftk ie�t "h. tv=l,rt�rrex t `r +t1 xetteelr siiadl °r ifi i
<br />,0 fti€rurtvi,io if ho, .use w,zi t }) .. [ss .r },.,, p,,r s +� i ,, ti
<br />#Pfu e7t 'lb;�e st r.. += use lo'g,deg -, Dsi ir;a> O
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