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86-- 104908
<br />To HAVE AND To HOLD the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and covenants with. the Mortgagee, that the Mortgagor has good right to cell and cnnv,,v said premice5-
<br />that tiny u�•W f r r ,,a c 14 vrarc4, except as her 2inotherw•ise 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 law or in equity, and all other contingent interests of
<br />the Mortgagor in and to the above- described promisees.
<br />PWViDED ALWAYS, and these presents are executed and delivered upon the following conditions, tD
<br />wit:
<br />Mortgagor agrees to pay to the Mortgagee. or order, the aforesaid principal sum with interest from date'
<br />at the rate of NINE and 50/ 100 per centum (9.50%) per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of CFS Mortgage Corporation
<br />in Omaha, 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 THREE HUNDRED SEVENTY SIX and 70/1(
<br />Dollars ($ 376.70 ), commencing on the first day of October 19$6 , and continuing on
<br />the first day_ of each month thereafter until said note is fully paid, except that, if not sooner paid, the final
<br />payment of principal and interest shall be due and payable on the first dais of September, 2016 ; all
<br />according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He /she will pay the indebtedness, as herembefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one
<br />installment, or one hundred dollars f$IDO.00hwhichever 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 soured hereby, Mortgagor will ',ray 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 ,,m policies of fire and Ahf�r liazard insurance covering the mortgaged property,
<br />plus taxes and asse•ssnrent_s next mw =en the mortgaged property (all as estimated by the Mort-
<br />gagee. and of which the Mortgagor is n.rt.ifvfl) less all sums already paid therefor divined by
<br />the number of months to eiapm- before ore month prior to the date when such ground rents,
<br />Premium-,, taxes and assessments J11 twcorne <ielirt(vient, such sums to be held by Mortgagee
<br />in trust to pay said ground rents, pr- miurns. taxes and special assessments.
<br />(b). The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the
<br />note secured hereby, shall be paid in a single payment each month. to be applied to the follow-
<br />ing items in the order stated:
<br />(1) ground rents, taxes, assessments, Lire and other hazard insurance premiums.
<br />(11) interest on the note. secured hereby : and
<br />(111) amortization of the principal of _;aid noto-
<br />Any de =ficiency in the amount,,f a_n4 such aggregate= monthly payment shall, unless made good
<br />by the• Nlortgaxor prior- to the dut, e ate irf the next such payment, constitute an event of default
<br />under this mortgage. At Mortgagee's option. Mortgagor will pay a "late charge" not exceed-
<br />ing four per centum ( 1',„ ) of any installment whett paid more than fifteen (I ) days after the
<br />due datt� i l:rreor t,, ce, e r the extra e=xpense involved in handlingdelinquent payments, butsuch
<br />"Late charge+" shall not he ppayabtc out of the procea�ris of any :ale made to satisfy the indebted-
<br />ness secured hereby, unless such pulse eds are suf icle_>et to discharge the entire indebtednessand
<br />all profwr c +.ors! % and expenses secured, ther, -b,•.
<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 ground rents, taxes and
<br />. assessments 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, as trustee,
<br />shall be refunded to Mortgagor, if. however, such monthly payments shall not he sufficient, to pay such
<br />items when the same shall become due and payable then the Mortgagor shall pay to the '_Mortgagee, as
<br />trustee. any amount necessary t r make up the deficiency- within thirty (30) days afte=r written notice fr=om
<br />the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br />the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured
<br />hereby, full payment of the entire indebtedness represented thereby, the Mortgagee. as trustee, shall,
<br />in computing the amount of such indebtedness. credit to the account (if the Mortgagor any credit balance
<br />accumulated under the provisions of t a) of paragraph 2 hereof. If there shalt be a default under any
<br />of the provisions of this mortgage resulting in A n„ }.lie . th— r :f the
<br />Mortgagee acquires the property otherwise after default, the Mortgagee, as trustee, shall apply. at the
<br />time of the commencement of such proceedrngs, 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 />4. The hen of this instrument shall remain in full force and affect during arty p-�stpon, �ment or exten-
<br />sion of the time of Davtnent of the indebtedness (it- anv part there<?f secured heretzy.
<br />5. Heishe will pay all gerund tent-6, taxes, aasessmenta, water rates, and other govrramental or
<br />municipal charges. fines, or unp(muons, levied upon bald premised and that hesshv will pay a' taxes levied
<br />upon this mortgage, or the debt secured thereby. 1AWther with any other taxi•+ or asses ntvnts which may
<br />be levied under the laws of Nebraska agwrist the Mortgagee. or Ole 1e941 holder of said principal note. oll,
<br />account of this indebtednem. except when paytuent for all sue -h Gems hits theret -for- 1 ":n inane under rc ;
<br />Of paragraph 2 hereof, and he•she will promptly deliver the # ffictid r r;1gx, ?he °rt ±fs,r t,-= u
<br />ciffatrlt thereof tt,e W,rtx , +, rnay^ pay tyre -Cahn, �*
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