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<br />i1p HAVE AND To liflraj the unt, the Mortgagee, as herein provided_ Mortgagor represents to.
<br />and Leith, the #bat the Mortgagor has gored right Ut+ sell and convey said premises:
<br />ma sse recited; that the Mortgagor will yaarrs"t
<br />than are free from - Mortgagor bereby
<br />aat®d dritsid same iglu# , Of all persons a t interests -of
<br />- er+l�es' in haz ,� is equity, and all �#zas+gen
<br />the laa-f'si relinquishes
<br />.ra!! as�i;s� alI sa�aaaial �,. v
<br />in and to the - - �:
<br />,.,wAys, and these art eaemOled sad delit�+ed upon the fi+iicn°'sn�
<br />agrees to yAa, to the Mortgagee- or order, the aforesaid principal sum with interest from date
<br />ant the rate of yen and ax-lull per �iusn (10-5-k) per annum} on the unpaid balance a�+t3� paid
<br />-
<br />at principal and interest &)gall be payable at the office f friar �1orLga9e•, imc-
<br />3 ascot, i+ff fil38ti2 ,
<br />or at such ether place as #t+e holder of the note may designate an
<br />i delivered or naafi to the Mortgagor, in :r onthly instalitcjenis of Three Hundred Thirty-three S the a
<br />dross ($ 333 -88 ) , commencing am the first day of *lard ,19 86 , and continuing on 1 ?Liss
<br />tine fast day of each m oo t h thereafter until said note is fully paid, except that, if not sooner paid, the ainal
<br />payment of principal and interest shall be due and payable on the first day of Febztaaryl 2016 all
<br />a� !o the terms of a certain promiss oly note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />3, iieAhe will pa4 the mdebtednesr. as bermbefDre provided. Privilege is reserved to pmpap at any
<br />tee, saisihout pfflumium or fee, the entice ndebtednm or any part thereof not lea than Site amaxrnt of one
<br />or Dame hundred .dollars (3100:;00 ,� is lei. Prepayment - full shall be cued on the
<br />date received. PutW plepayment, other than on as itudallment due date, need not be credited until e
<br />next fallowing isastsdlm�t &.h_ dare or thint9 slays after ptepaymeat, whicdrever a earlier.
<br />Togs avitfi, and in addition to, the monthly payments of principal and interest payable under
<br />tie tesma of the :note secured hereby, Mortgagor Will pat* to ]Mortgagee- as trustee (sunder the terms of this
<br />#rant ss b0mgmiCt:er stated) on the first day of each month until said note is fully Paid
<br />(a) A s equal to the ground rents, iAny, next due, plus the p emivams first col] next become due
<br />aw
<br />and payable c>n policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments zjext due on the mortgaged property {all as estimated l>c ilae Mort- �.
<br />8 null of ex laich the MertgWr 7s notified i less all sums already paid therefor divided by
<br />Idle
<br />umber of rarCrAtlaS 'tt3 elapse
<br />before one month prior to the date when such ground rents,
<br />premiums taxis and assessments ;c i], become delinquent, such sums to be .held by Mortgagee
<br />in trust to pay said ground rents, premiums. taxes and special assessments.
<br />(b) 1,ne aggregate of the arracoumts payable pursuant to subparagraph (a) and those payable on -the
<br />soots secured x.retrg, shall paid in a single payment each month, to be applied to the follow- ., .
<br />ing items in the order stated
<br />(7 `i
<br />ground rents, takes assessment, fire and c +liner 'Hazard ;assurance premiums:
<br />za) in serest sin the note secured hereby; and
<br />(m) amortization of the principal of said note.
<br />Amy deficiency in the am unt of any such aggr'egal, mor_tlAy payment slash, unless made good
<br />[;
<br />by the Mortgagor pricer to lite due date of the next such payment constitute an event of default
<br />under Sims mortgage. _alt ills tgagee s option, Mortgagor will pay a "late charge" not exceed -
<br />ing four per cxntum t 4', ) of any installment
<br />when paid more than fifteen (la) days after the
<br />dace datkc t+jej- {ujf to cover the extra expEE rse involved in handling delinquent payments. but such
<br />"late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebted -
<br />nem secured lfE rvbv, unless suz h proceeds are suiix.iert. to, discharge the entire indebtedness.and
<br />all proper cats and expenses secured thereby.
<br />If the teal of the payments shade by the Mortgagor under (u) of paragraph 2 preceding shall
<br />emeed the smiunt of payments acbmny made by the Mortgagee, as trustee. for ground rents, taxes and
<br />or inslrranc . premiums, as the case may be. such excess shall be credited by the Mortgagee
<br />an ss%n qua payawmts to be made by the Mortgagor for such items or, at Mortgagee's option, as Trustee.
<br />*AV remanded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such
<br />itssst when the same shall become Sue and payable. then the Mortgagor shall pay to the Mortgagee, as
<br />Uuske,any amount uemssw-y to make vp the deficiency within thirty 4- 30) days after written notice from
<br />the Ifertawase StNting the aaiaarnt of the deficiency, which notice may be given by mail. if at any time
<br />the NortaRgUr SW #gender to the Mortgagee, in accordance with the provisions of the note secured
<br />may. '}u Vgymeut of the entire mdebkvbmM repreamted 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 />air the provisions of (a) of paragraph 2 hereof. if there shall be a default under any
<br />this is a public sale of the premises covered hereby, or if the
<br />of the prorumons at
<br />>Kortgsa, P. aWa� the prop�y odor ise after default, the Mortgagee. as trustee. shall apply, at flee
<br />tuns of the commencement of such proaeediulM or at She time the property is otherwise acquired, the
<br />asaosma #hen remaining to credit the Mortgagor under (s) of paragraph 2 preceding. as a credit on the
<br />intralwt accrued and unpaid and the balance to the principal then remaining unpaid on said note.
<br />4. the lien of this i,raAruarneni shall rerraain in full fc,rce. and etio ct during any postponement orexten-
<br />s-k of of #lye time rf �fyaraemt of ttie irrdc+oatedn�gsx or anv mart. thereof secured here -by.
<br />S. HMeisbe will pay tit !mind aapets, 1ALMf:, moss menu. wales rates. and other gcmernmental at
<br />sires. o, impositions, levied upon said PreIDan and that he,she will pay all Lases leviod
<br />upon try Ells del," rmured theretsy, to sec with any othertaaeF t0r
<br />t& which stay
<br />are 3as w under the jaws ,>f Nebra*3es apaut Sbv Mortgagee_ tar tfar legal holder of said principal now
<br />account of lips o1ec.^epi arbro payment for all Ruch rtmF, has tufori twee made under tit
<br />,A parnewh 2 kwv"of, and be?stft will promptly dehv"- the aoff'(1al -e,_,, °amts C 1f'rrfc >t t.c tile° Mr rt4MC" . Sr
<br />rtau:3t :,f tht- Ml MAY "Y lase a ram+
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