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<br />To HAVE aKta To Hotta the same unto tine "at,rtgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, the Mortgagee, that the Mortgagor has gteod right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinotherrrise, recited 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 late or in equity, and all other contingent interests of
<br />the Mortgagor in and to the above- described premises.
<br />PRovtaEi) ALWAYS, and these presents are executed and delivered upon the following conditions, to
<br />wit`
<br />Ialortgagor agrees to pay to the Mortgagee, or, o rder, the aforesaid principal suns with interest from date"
<br />at the rate of nine and one half per centum ( 9.50'c) per annum on the unpaid balance until paid.
<br />The said principal and interest shall be parable at the office of SUPERIOR MORTGAGE, INC.
<br />in GRAD ISLAND, NEBRASKA or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the Mortgagor. in monthly installments of Five Hundred Fifty -Six and 65 /100ths
<br />Dollars { 556.65 I, commencing can the first day of November , 1986 , and continuing on
<br />the first day of each month thereafter until said rite is fully paid. except that„ if not sooner paid, the final
<br />payment of principal and interest shall ix due and payable on the first day of October, 2,016 -.all
<br />according to the terms of a certain promisscory note of even date hemwith executed by the said Mortgagor.
<br />The Mortgagor further agrees
<br />I. He /she will pay the indebtedness, as herembefore 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 ($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 principal and interest payable under
<br />the terms of the note secured hereby, Mortgagor will pad- to Mortgagee. 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 the ground rents. if any, next due. plus the premiums that will next become due
<br />and payable on policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next aver u- the mortgaged property (all as estimated by theMort-
<br />gagee, and c >f which the Mortgagor ? r t ft°,d) F <sss all sums already paid therefor divided by
<br />the number of months to eylapst Na ftl . nt morah prior to the date when such ground rents,
<br />premium& taxes and "assessinc * za ? 1 ' °ee,rn e delinquent, such sums to be held by Mortgagee "
<br />in trust to pay said ground � etas. I''. t t , r , taast =ar; l special assessments.
<br />(b) The aggregate cif the amounts Paiabic pursuant to subparagraph (u.) and those payable on the
<br />note secured hereby, , shah bw p,t ;ta in a singie saynite ,_ i.°ach month, to be applied to the follow-
<br />ing items in the carder stated
<br />(I) ground rents, tax"-. as"_ nee n =s: "i? c ,ar ", <,ther hazard insurance premiums;
<br />{II) itatcra -st van tlae note ��:urc�.i h��r = -.3} : <cnd
<br />on) - amortization of the princ pal, of said: mete: - Any dieficue iicy in the an.,iunt < 3 ., uc h aggr,-Katy ru nihit payment shall. unless made good
<br />bv the N1: Igagor prior to me d re eat {� a of th <: n -e^xt sue h payment, constitute an event of default
<br />u rider this ?neirtgat tr. AL it:zz t .ek r .plat <eees. 11,,ri,gagear will pay a "late charge" not exceed-
<br />ing four per icntc,.n ( V' 3 of ,vl) m unit paid more than fifteen (15) days after the
<br />due date them -of to <i ver the c ztra ?- -, :ed an ha ndling tie) inquent payments, but such
<br />"late charge" shall not be pat abb *f the I r ,WCvdn of any sale made to satisfy the indebted -
<br />ness secured iit rvby. unless s vii i ="e s = ar d! ,,,et to discharge the entire indebtedness and
<br />all pra,i; t tests nand expen . -tea* h, ,r+ h .
<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 Mi rtgagee. as trustee. for ground rents. taxes and
<br />assessments or insurance premiums, as the ease may bw, such excess shall be credited by the Mortgagee
<br />on subsequent payments to be made by the Mortgagor for such items ter. at Mortgagee's option, as trustee,
<br />shall be refunded to Mortgagor. If, however, such motitr?ly payments shall not he sufficient to pay such
<br />items when the same shall become due and payable, ther, the, Mortgagor shall par to the Mortgagee. as
<br />trustee. any amount necessary to make up the within thirty t:30') days after written notice front
<br />the Mortgagee stating the amount of the deficiency. which nettice may bw given by mail. If at any time
<br />the Mortgagor shall tender to the Mortgagee. to acowdance 10th the provisions id the note secured
<br />hereby, full payment of the entire indebtedness reps- s-ntAA sleert'hv, the Mortgagee, as trca -we. shall,
<br />in computing the amount of such indebtedness, creed -it ti the aecourit 4 the, ?riortgagor any credit balance
<br />accumulated tinder the provisions of (a) of paragraph `? liereof, If there shall be a default under any
<br />- of the provisions of this mortrare resulting in a public safer of the iaremi,;es covered hereby, or if the
<br />Mortgagee acquires the property otherwise after dt-f,I s -U, the Mt ,wtgagre, as trusti-v, shall apply, at the
<br />time of the commencement (if 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 preceding, as a credit on the
<br />interest accrued and unpaid and the balance to the principal then remaining unpaid on said note.
<br />A. The lie =n of this instrument shall npnutin in full for c and e ,f-t during any txs'I�,t ;,_tment .rer.�Xten-
<br />sirm of the time of pa,rnent of the rode ot,.'dT! sw � r wiv t,,a? t 01'erc e,t ieeurc i jleri.liy
<br />5. He, /she will pair all ground renu, taxes, as menu, water rates, and tether governmental or
<br />municipal chargm, fines. or impositions, le%hr-d upon said prem35es acid that hey she wdl leo ai? iaxes levied
<br />upon thix mortgage, or the deter K ured thervb)h t,,g€=thi�r wa;}t au,g aher tax, -, or zae,essuvntr, whach may
<br />be levied under the laws of Xol- )TAska aegaxetsr t)re t,l rtgrsls•c�, =ar Z114, iege ii ter,,!der e,f said principal rt+,tV, ,xrr
<br />account of thrxi trtdeburdrn i, !'tc_ciet c10h,- ?'s ;�A, nro- W % !l 41� �ti� h , , -rr23 haS xh,lr,`trrtsae !4,n ruao,, ; ever tea e
<br />iii paragraph *2 he =re•, L aired h4, "h e will Ira <ena}atsw 11-1- r ere,= �.,'.'fs j,, e ,il ,. 8her, 'r =r +.,, ivies t; >t =.+ a►e t z,i
<br />iefault na•r.e „`?r,c §1e,rtg €igPc rsi:i; pav th. =,tiers
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