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86- 104848
<br />To HAVF AND TO HOLD the same unto the ltifortgagee, as heroin provided, Mortgagor represents to,
<br />and cave nantz tit ith, the MkjrjgagF ., al t -Ciro• SE rtgagor leas g_, ,t � lgi„_ t,f _,,I do 3 s»ie',, Sold pre -. Sea,
<br />that they are free rrom encumbrance, except as heremother }vise recited; that the Mortgagor will warrant
<br />and defend the same against the lawful claims of ail persons whomsoever. Mortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, either in laff or in equity, and all other contingent interests of
<br />the Mortgagor in and to the above- described premises.
<br />PRovirim ALWAYS, and these pr2$ents are executed and delivered upon the following conditions, to
<br />wit:
<br />:zlortgagoragreexs to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of Nine and one halt' per centunz (4��`i) per annum on the unpaid balance until paid_
<br />The :Said principal and interest shall Ire payable at the office of SUPERIOR t ORTGAr,E, MC.
<br />in CRAM ISLAND, NEBRASKA or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the ylortgagf,ar, in monthly installments of five Hundred forty-Six and 13 /100ths _
<br />Iktliars ($ Si$.t3 ), cermrzentinty on tl,.et5rst 1,aynf November .1986 ,and continuing on
<br />the first day of each month 0- tereafter jintil said note, is fully paid, except drat, if not sooner paid, the final
<br />payment of principal and interest shall bo fine and payable on the first oral* of October, 2001 ; ad
<br />according to the terms erf a ctertam promissovy note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />i. 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 or any part thereof not less than the - amount of one .
<br />instaihnent, or one hundred dollars ('S100.00).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 udder
<br />the terms of the note secured herby, Mortgagor will tray to Mortgxgott,.as trustee, (under the therms 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 the ground rants if any next due. plus the premiums that will next become due
<br />and payable on policies of fire and r4hvi- hazard insurance covering the mortgaged property,
<br />plus taxes an'd assessments (Stint An<a on the murtgagatd- property. (all as estimated by the Mort-
<br />gags>tt, art,.( 4 siihich than Mifr +.gag pr ,s f,t.aftvd t ss all sums already )iaiii therefor divided by
<br />the numtxt of nzcrreths to mapse b0f to `rn� mouth prior to the (late when such ground rents,
<br />premiums. taxes and ae ,rr Lwi: erne delinquent, such sums to be held by Mortgagee
<br />in trust to pay sari ground taxt+ac.ndspecialassessments.
<br />(h) The aggro =Sat" <,( t?a<•arzswint l,a;:Rbl, tw"uarjt 14 a paragraph tot and those payable on the
<br />note atxturni hvrebv, shall tm,; raid its a single paymt*nt each month, to be applied to the follow-
<br />imlg items in the _ordt=r stated:
<br />('t) giount. rc,ntti, tix,s g.•srrt rrat„ firf and e -Ater hazard insurance _premiums-,
<br />(11) int,> ra_stonthenrvteseeur vtl hc're,hry;, .3nit
<br />I fft) a mortizate n of th, nr- mejihl of sal-l' uoft _•.
<br />Any li =fir 4 in tht in,rur a • ., >a,c a a,;il aigr.r•,'iat, mtoithly payment shall, unless made good
<br />- 4 t^,rr Nlort,r ap pr iko— it- the du'. ii a, t eh,_ r _ -xt r-ue it pacrnvnt, constitute art event of default
<br />under 06S mortgage, ,kt \t ;t;.gajtr will pay a "late charge" not exceed-
<br />111K lour p i'l, CVntunt t *1 °,. I t, any iris' asl vw-ii t a_ rr,aa paid moue than fifteen ( Ia)- days after the
<br />dtsA dater the >rty;f tar cr. >.er Li r state tk :}z v ;ra r,iv'er <} .n ltar;dlingdelinquentpayments, but such
<br />"late . li fr g hall ca„t ice= l a, ,a131E, ,. ; t'r,.. syn eiid.; of anv Haiti in is to satisfy the indebted-
<br />n -ss s. cums'l iccrrf�l -, "nle � . ,c1s laa +. , s.ar, 51411101-lit to discharge ther ntire indebtedness and
<br />all - projx= , e tits and extaens" st-curt,d t�,.,r•r z•.
<br />3. If the total of the payments m =ode by the Mortgagor under (a) of paragraph 2 preceding shall
<br />exceed the amount of payments actually masse by they Mortgagee, as, trustee, for grounO rents, taxes and
<br />assessments or 'insurance premiums, as the caV may tae, 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 />Ash be refunded to Mortgagor- If, howmtver, such monthly payments shall not be sufficient to pay such
<br />items when the same shall become due and payable, them they Mortgagor shall pixy to the ?44e.,rtgag(IC., as
<br />trustee, any amount n4i-r,sa.ry to ma ke up t? jet:. A ithin thirty (330) rlacys after written notice from
<br />the Mortgagee stating the anfount of the defzt jenny, :f°hii h notice* (nay IN. grvrn by mail. If At any time
<br />the Mortgagor shall tender to the Mortragty. in ac _rdancey with the provisions of the now secured
<br />hereby, full payment of the entire uidebted .,ss rri r,: e r t :,".i Lhe,r, l)y. die Mortgagee, as trustee, shall.
<br />in computing the amount of such indebtedness, rreYht ti, rise ati,ount "IF the Mortgagor any credit balance
<br />accumulated under the provision -4 of tat; erf p ragr:tl r 2 hwr €xtf_ If the =re ,ball be. a default under any
<br />..�___. _i. F3 A Pauli -'J -air:,+ if me' pr—' m7st >s kTtver€�,'l nuwrcb„r, ar 17 -m
<br />- -- - - -ue r�'rvt;sr�rrr�s in �rFSS -rxrvn rc�-r {i
<br />Mortgagee ac=rtucres the property otherwow after dt.,fault, the Morr.gagi,r., as trustee, shall :apply, set the
<br />time of the commencement of such proccodings, or At the tame the property is otherwise acquired, the
<br />antiount then remaining to credit the Mortgagor under 1v) of paragraph 2 preceding, as a credit on the
<br />Interest accrued and unpaid and, the larslance.to the principal then retraining unpaid on said note.
<br />4, The lien, of rhea imtrurn ril shall ri,,nitm ,t full v s - and of,,ft dur ang anti twat txatren?rnt r esten-
<br />oon of t'hc (ruse err nha mf"nt art th : t,r +It i c ±t, ;u r etas tzar t h "r0tit _
<br />>. He;she• Will Pay all ground remit, taxes, st mersts, water rear=s, anal i.,the,r governmental or
<br />munit:i ;`W ciiar¢i4. Any, or knipifootvms, lewiod upon said pwinuies rind t,Iart he 4ip will pay ail Laaexlevied
<br />tip 0r7 this Mor r*,a. , +r th. delo "°e.c "41 Jre-r,°I-, tasgeshvr wi0 and fithtir to Nes or zei,r,+*�ttr3e =rat,+.chith ma,y
<br />tw levied exndcr th:- laws , if Nebraska aWainy�t sllc �bdc.rrgr „c ", or rb, h_,8ei.>r if xaid prtntipid Tiote, m
<br />xt-i'c -nt of 'list, t iriry #it.xtrae�.._ "X, a >l.rt . h n l'ii fn ti; fear 40 nwh ovm, lex, t'x,rn rrr dt a ndcr w t
<br />I *PA14 fr nr-r., =al, 4wi tW 'h, *111 tif—_aipik A- 41v44r 0tv ',ffie !.t�, r, +a; t thr- .re,t r„ ,_lt,. N1iirti!'W + •'_"
<br />- lera43it trwr•�,,< {rdb +'?} .r044xige`a ir,aft (khan 3nf-;ittns`
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