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<br />86- 105329
<br />To HA17E AND To Ho,-D the carne unto the Mt 7!trgags_ as heyein lwm- =derl. Mortgagor repr.= scuts to,
<br />and covenants with, the Mortgagee, that the Mortgagor has good right to st•11 and convey said premises;
<br />that they are free from encumbrance, except as hereinotherwise recited , that the Mortgagor w ill warrant
<br />and defend the same against the l4 :=fu1 claims of all peest ns ,u hr,mc,x -tier• Mortgagor her?bv 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 premises.
<br />PROViDEB ALWAYS. and these presents are executed and delivered upon the following conditions, to
<br />wit:
<br />Mortgagor agrees to par to the lllortggagee, or carder, the aforesaid principal sum with interest from date
<br />at the rate of Nine and one half per eentum ( 9- 5&-, -, ) per annum on the unpaid balance until paid.
<br />The said principal and interest shall lie• payable at the office of . SLF RIOR VIOWGGE, INC.
<br />in GRANO ISLAND, NEBRASKA or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the lortgagnr. in rntanthlt iustallments of 3wo t iidred Ninety -rive and 981ifl8ths
<br />Dollars ($ 295.98 ), commencing can the first .day of November , 19 86 . and continuing on
<br />the first day of each month thereafter until said ro to is fully paid, except that, if riot sooner Paid. the final
<br />payment of principal and interest shall ;ae due an d payable on the first day of October. 2016 'all
<br />according to the terms of a certain prorniss6ry Pitt? of ev,(- Elate lwrewith executed by the said Mortgagor_
<br />The Mortgagor further agrees
<br />1. He jshe will pay the indebtedness, as hereinbefore prordilEd: Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness or any part thereof not less than tike. 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 ear2iern
<br />2. Together kith, and in addition to. the monthly payments of principal and interest payable under
<br />the term 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 equa3 to the ground rents, if any}. next due, plus the premiums that will next become due
<br />and payable on policies of fire and othc�_r hazard insurance covering the mortgaged property;
<br />plus axes and assessments next due on the mortgaged pxcrperty (all as estimated by the 3iort-
<br />gagee, and of %chich the Mortgagor i4 t -zmed It l=ess all su=ns already paid therefor divided by
<br />the number of months to elawse be ore orie• month prior to the date when such ground rents,
<br />premiums, taxes and assessmt is -iii bte,omr delinquent, such sums to be held by Mortgagee
<br />in trust to pal- said ground rents, pr * nuns, taxes and special assessments.
<br />(b) The aggregate of the amounts parable pursuant to subparagraph (a,) and those pay-able on the
<br />note secured hereby, shall be pa ;3 in a single payment each month, to be applied to the follow ---
<br />ing items in the order stated
<br />(I) ground rents, taxes a&- Pssments. 5r# anfl, ither hazard insurance premiums-.
<br />{II} interestcari *.iienote�,rreti'ie.relsy: and
<br />(III) amortization of the principal of said note.
<br />Any deficit nc . in the €ttnot €r I n such aggregate mcr nthly payment shall, unless made good
<br />by the M - gagA,)i- pries to the du it t the 31 e:x4 se 4ch payment, constitute an event of default
<br />under this mortgage. At Mod ;gage -e 3 ,,x i €,r, lckit Et} or will par a ^die charge" not exceed-
<br />ing foul• per centum , : i of ally .nom 7s, n +ti i,h. npaidntoretlianfifteen(15) darsafterthe
<br />due date thereof to cover the i-xn-a e xpa 1s iF, ,iVt:s in handlingdeiinquentparments. but such
<br />"late charge" shall not lx- nai-able ,,a *, s. _ the pi- -)c ---ds of any sale made to satisfy the indebted -
<br />ness see urcx' l.ereby, unless uch pros- tA.sares ftienttodi schargetheentireindebtednessand '
<br />all proper costs and expenses secured thereby.
<br />U. If the total of the payments made b. the Mortgagor under 'a) of paragraph 2 preceding ill
<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 exc.>ss 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 trttrstee,
<br />shall be refunded to Mortgagor. lf, however, such monthly payments shall not be suffir ient to pay such
<br />items when the sa=ne shall become due and payable then; the Nortl.gagor .shall pry_- to the Mortgagee, as
<br />trustee, any amount necessary to make up the deficiency within thirty f3 W) clays after written notice from
<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 accurdance with the provisions of the note se eared
<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 of the Mortgagor any credit balance
<br />accumulated under the provisions of t a) of paragraph 2 hereof. if there shall be a default under any
<br />of the provisions of this mortgage resulting in a ,public sale of the premises covered hereby, or if the
<br />Mortgagee acquires the property otherwise after default, the Mortgagee, as trustee, shall apply, at
<br />time of the commencement of such proceedings, or at the time the ;property is otherwise acquired, the
<br />amount then remaining to credit the Mortgagor under fa) 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 />9. The lien of this instrument_ shall remain in full forte and vfTeyct during any postponement or eaten-
<br />"' sion of the time of payment of the indebtedness or anv nart I hereof secured hereby.
<br />5. Helshe will pay all ground rents, taxes, assessments, water rates, and other governmental or
<br />municipal charges, finds, or impositions, levied upon said premises and that he she will pay all taxes levied
<br />upon this mortgage, or the debt secured thereby, together with, any other taxes or assessment=s w=hich may
<br />be levied under the laws of Nebraska against the Mortgagee, or the legal holder of said principal note• on
<br />account of this indebtedness, except when payment for all such items has theretofore been made- under =a
<br />of paragraph 2 hereof, and he =she will promptly deliver the 'off f:Wn .re eipts the =refor to the Morteaer,;._e. In
<br />default thereof they Mortgagee may pay the same,
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