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87- 100157
<br />To Ilavr. ;etv To liot,n the saanie unto the Mortgagee, as hcrrein provided. Mortgagor represents to,
<br />and covenants with. the Shl lgapnq that the Nlowagor has g o l riptlit. to all and convey said premises;
<br />that they are free from encumbrance, unceld as hereinothcru i.fr recited ; that. the Mortgagor will warrant
<br />and defend the,,mov against the la" ful datims (it all parsons ,%homsoover. Mortgagor hereby relinquishes
<br />all rights of horn"Woul, rail an total rights, either in law or in equity, and all other contingent interests of
<br />the Mortgagor in and to the ahovevieschlied premises.
<br />PRovimin ALWAYS, and these ptesent.s am executed and delivered upon the following conditions, to
<br />wit;
<br />Mortgagor agrees to leafy to the Mortgagee(, nr order, the afomsaA principal sum with interest from slate
<br />at the rate of Nine per "*Wm ("NO ) per annum on the unpaid balance until paid.
<br />The said principal and interest shalt he payable at the office of SUPERIOR MORTGAGE, INC.
<br />in GRAND ISLAND, NE13RASKA , or at such other mace as the holder of the note may designate in
<br />writing de.livemil or mailed to the AlortgaWn% in n.onLhly installno mis of Three Hundred Thirty -Three and 11 /100ths
<br />15llars ($ 333.71 ), cutnmencing on the= tir,,t on of March 1987 and continuing on
<br />the first day of each inunth thereafter until Said nut(' is fully paid, except that, if not Sooner paid, #.her final
<br />payment of principal and intere t shall hodile and payable on the first clay of February, 2097 ; all
<br />according to the terms of a certain pr imtssoj Weld ev,a date h,nwiM executed by the said Mortgag,w.
<br />The Mortgagor further agrees:
<br />1. fie /she will pay the indebtedness, aas 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 />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 seirured hereby, Mortgagor "till pay to Mortgagee, as trustee, (under the terms of this
<br />trust as hereinafter stated) on Be fist day of each month until said note is fully paid:
<br />(a) A sum equal to the Mround Mrts, if a MW dwv plus the, premiums that will next become due
<br />and paohk m p,t 6o of on ow h,tlurr hazard Awirana, covering the mortgaged property,
<br />plus taxes arni a: Sessnu -nts next diz,� nn the mortgaged property (all as estimated by the Mort -
<br />g`igue, an,' nt % %h ch the Ah ,gaaw . wN d) V" all Burns already 1_raid therefor divided by
<br />Me nunrbor 4 inwalls in +,apse E, boy aw month prim to the date when such ground rents,
<br />premiums taxc nei asst xmnt, gill l„ o w duinnluent, such sums to be held by Mortgagee
<br />in trust to pa,,, s d ? grows d rents, fn•r °niiutn ,taxes and special assessment,.
<br />(b) The aggrey a c of th,- aimanits Irayohle pursuant: to subparagraph (a) and those payable on the
<br />note secured hereby, ;,hall Im paid in a single payment each month, to be applied to the follow-
<br />ing items in the order stated:
<br />(t) ground rents. taxes, asscswnents, fin- and other hazard insurance premiums;
<br />(11) interest on the rurtesccaned }ie,rctry; and
<br />(nt) aunortizatir,m of the principal of saki note.
<br />Any def ci _ricy in the aatnoi,W. „ +,' :tni - :such aggregate, monthly payment shall, unless made good
<br />by the Mortgagor prig( to the due We eat' the nest such pavment, constitutean event of default
<br />under this nualgage. At :11rw ,ce'c Whirl, Abolgagor will pay a "late charge" not exceed-
<br />ing fora• per mntum (1`S i of W distal? mctnt •,:Then paid more than fifteen (15) days after the
<br />due date thereof to cover On rzlra expcnso inwlved in handling delinquent payments, but Stich
<br />"late charge" shall not be pad, able nut of the prococds of any sale made to satisfy tire indebted-
<br />ness sect reel hereby, unlc5s such p, ,r. –ds are sutlivicnt to discharge the entire indebtedness and
<br />all proper costs and exwnns sccun d th,�reM
<br />.1. If the total of the payments made by the Mortgagor under (n) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by the Mortgagee, as trustee, fir ground renbq taxes and
<br />assessments or insurance premiums, as the case may Im, such excess shall be credited by the Mortgagee
<br />oil 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 be sufficient to pay such
<br />items when the same shall become (life and payable, then the Mortgagor shall pay te) the Mortgagno as
<br />trustee, any amount necessary to make tip the ,iofie,i m, within thirty 1 30) days after written notice from
<br />the Mortgagee stating the amount of the de_ kwrwy, "Twh Wive may be gk"n by mail. If at any time
<br />the Mortgagor shall tender to the Mortgagee, in .accordance % ith the prneisions of the note' secured
<br />hereby, fur] payment of the entire indebtedness represented t.hcrel)y, tine Mortgagee, as trustee, shall,
<br />in computing the amount of such indebtedness, criAt to the acemtnt of the Mortgagor any credit balance
<br />accumulated under the provisions of (a) of paragraph 2 hur"W. if t.horc Shall be a default under any
<br />of the pmAsiorts of this mortgage resulting in a public sale of the ](remises covsrrexl hereby, or if the
<br />Mortgagee acquires the propertyeithcrwiSe after defntrlt, the MorigWN% as imstevr, shall apply, at isle
<br />time of the commencement of .,uch proceedings, or at tho Lime the property is otherwise acquired, they
<br />amount then remaining to credit the Mortgagor under Ia) if paragraph 2 preceding, rt,s a credit on the
<br />interest accrued and unpahl and the ba htnce to the priwgpal then remaining unpaid on said note,
<br />iic�n .,F th= (.rursie rthtall t�nt:rt!� in t(,;I fur, c and ((Feet during, a n esten-
<br />spin 4 the We f ,I;, ,n 3.-h nho nr sm turn lloqf xrqrural t o4q.
<br />G ffe :Aw will pay W1 ism—d (cots, tc", cammmenh. weat,tr raved, aaml o0wr go"natteutvl or
<br />rnuartvgw 0srg", t, "A, , t' inaiues Wis. ""A uprrn acrd ommmy and sheaf ka<.,oe will pn Al w" lin ,s1
<br />ipoo tliis m( -rtyr g,� r talc do „•,�N& de r, r , <,ret,&r wi% .rtry �tit r sages or tees mm,aw "hut miry
<br />to l VWd tart PI to • &W W womn r},,WO, qw `a =eat,.ra— et Hir A A twirl" nt n 1 priwAmll aeon
<br />g„rrWq+ A h , f UK h. 4M wa P twoov q—n, O ,,1! - u '..�b 0 &1 W"h , rr ama;a',,
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