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<br />To HAVE Arun To HoLU the same unto the Mortgagee, as herein provided. 85�- -. Mortgagor represents to,
<br />and covenants with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as herein otherwise 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 premises.
<br />PROVIDEp ALWAYS, and these presents are executed and delivered upon the following conditions,
<br />to wit:
<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from
<br />dateattherateof Twelve and One Half per centum ( 1�z
<br />until paid. The said principal and interest shall be ) per annum on the unpaid balance
<br />Veterans Administration payable at the office of the Loan Guaranty Officer,
<br />Regional Office, Lincoln, Nebraska, or at such other place as the holder of the
<br />note may designate in writing delivered or mailed to the Mortgagor, in monthly installments of
<br />Two Hundred Eighty Eight and 97 /10ODollars ($88.97 ),commencing on the First
<br />day of May , 1985 , and continuing on the First
<br />day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final pay-
<br />ment of principal and interest shall be due and payable on the F i r t day of .1 p r i 1
<br />2015 ; all according to the terms of a certain promissory note of even date herewith executed by the
<br />said Mortgagor.
<br />The Mortgagor further agrees:
<br />I. He will pay the indebtedness, as 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.Oo), wl.,.. •er is less. Prepayment in full shall he credited on
<br />the date received. Partial prepayment, other than on ;L , installment due date, need not be crrdited until
<br />the 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 terns of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee (under the terns of
<br />this trust as hereinafter stated) on the installment due date 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 assewments next due on the mortgaged property (all as estimated by the Mort-
<br />gagee, and of which the Mortgagor is notified) less all sums already paid therefor divided by
<br />the number of months to elapse before one month prior to the date when such ground rents,
<br />prem, taxes and assessments will become delinquent, such sums to be held by Mortgagee
<br />to ti umsrust to pay said ground rents, premiums, taxes and special pe>cial 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 />(t) ground rents, taxes, assessments. fire and other hazard insurance premiums;
<br />(11) interest on the note secured hereby; and
<br />(IU) amortization of the principal of said note.
<br />Any deficiency in the amount of any such aggregate monthly payment shall, unless made good
<br />by the Mortgagor prior to the due date of the next such payment, constitute an event o£ de fault
<br />under this mortgage, At Mortgagee's option, Mortgagor will pay a "late charge" riot exceed-
<br />ing four per centum (4! -.) of any installment when paid more than fifteen (15) days after the
<br />due date thereof to cover the extra expense involved in handlingdelinqurnt payments, but such
<br />"late charge" shall not he payable out of the proceeds of any sale made to Nafjsfy the indebted
<br />n _ tied herPbv, ttnlnss such prOm� oeds are sufficiet;t to discharge flit• entire• jr,clPhtndnevv and
<br />all proper costs and expenses secured hereby.
<br />:5. If the total of the payments made by the Mortgagor tinder (a) of paragraph' preceding shall
<br />exceed the amount of payments actually made by the Mortgaged as trustee for ground rents, taxes ;and
<br />assessments or insutance premium%, as the case may he, Sucly ,•xiey sEraatl he ; reditccl by' thte llotfga fcc
<br />on subsequent payments to be made by the Mortgagor for such items or. at Mortgagee's option. shall be
<br />refunded to Mortgagor. If, however, such monthly payment: sltnll riot tw Sufficient to pay Such items
<br />when the same shall become duce and payahle, then the Mortg rgot ;hall pay to ncc Mortgagee as trustee
<br />any c
<br />amount newSsary to make up the deficiency within thirty i:lt11 Stu % -S after wrotten notice from the
<br />mco`tgug %toting the amount of the deficjeacy, which notice• may ter pi.en rrly rmaat if t etha
<br />ylottgagor 'shall tender to the Mortgagee, in accordance with the proei ,re,nea ) f t he note
<br />full payment of the f�nttre rude =htedness; represented thereby, the g A4!a i,1f,c ;r r- atv .(a<eli. i;r, iirrgunnp,
<br />the arnount of such indehiednr ss . credit to the account of the gorlg;. pr arc 11 11„ ,unulutel
<br />rnlet the prrrvi:isonq of 6a7 n! easier ;rat rh ? hdreol'.
<br />t ! ( if there bntl t >a
<br />f rE e� :r�rrtg,agr• rrmulttng nt a laublrr "ale of the premi -se.; hc, t ;
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