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<br />85 00131,
<br />To HAM 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 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. Mort
<br />all rights of homestead, all marital rights, either in law or in Mortgagor hereby relinquishes
<br />the Mortgagor in and to the above-described premises. �u'�' and all other contingent interests of
<br />PROVIDED 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 />date at the rate of Twelve. and one lia 1 f per centum ( 12 ' e�
<br />until paid. The said principal and interest shall be ) Per annum on the unpaid balance
<br />Veterans Administration Regional Office, Lincoln, Nebraska, or at suchhcother places as the holder of the
<br />note mund�I�t rinywriting ndelivered 1 oor arses; to ,the 1Mortgagor, in monthly installments of
<br />day of May , 19 85 � ), commencing on the First
<br />day of each month thereafter until said note is full and continuing on the First
<br />pay-
<br />ment of principal and interest shall i due and y paid, except that, if not sooner paid, the final pay_
<br />2015 ;all according to the terms of a certain Payable on the First day of Agri 1
<br />said Mortgagor. promissory note of even date herewith executed by the
<br />The Mortgagor further agrees:
<br />L 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 an
<br />installment, or one hundred dollars ($100,00), whichever is any Prepayment, not less than the amount one
<br />the date received. Partial prepayment, other than on an installment duet Sate. need not bbe rcredited ntil on
<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 terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee (under the terms of
<br />this trust as hereinafter stated) on the installment due date of each month until said note is fatly paid:
<br />(a) A sum equal to the ground rents, if any, next due, plus the premiums that ill next become due
<br />and payable on policies of fire a -ill other hazard insurance covering the mortgaged property,
<br />Pius taxes and assessments next due on the mortgaged property a all as estimated t,y the Mort -
<br />gatfee. and of which the Mortgagor is notified) less all sums al eady paid therefor divided by
<br />the number of months to elapse before one month Prior to the date w•he >r► such ground rents
<br />premiums, taxes and assessments will become delinquent, such Sums Yo lx. held by and rents
<br />in trust to pay said ground rents, premiums, taxes and special a smessme its.
<br />(b) 17re aggregate of the amounts payable pursuant to subparagraph (a) arid those payable on 4he
<br />note secured hereby, shall be paid in a single payment each month, to l:ar applie =d to the folios,
<br />ing items in the order stated:
<br />(t) ground rents, taxes, assessments, fire arid other hazard inmur•ance premiums;
<br />(1I) interest on the note secured hereby; and
<br />(111) amortization of the principal of said note.
<br />Any deficiency in the amount of any such aggregate month]% payment shall, unless inade ate „ti
<br />by the Mortgagor prior to the due date of the next $ueF► laayma nt, a onstituta> an event of (ie4 "rault
<br />under this mortgage. At Mortgagee's o tion !LSort a
<br />mg four per centum (4% ) of any installment when)at(, more th�r$fifte ncjl charge" ilot x e , j
<br />matedue date thereof to cover the extra expense involved in handh a that) fift ent 05) tints, but such
<br />charge” soil not be payable out of the proceeds of and aalc trade to satisfy 4nt in utsuc
<br />ne assurer] hereby, uniesssuch proceeds are suflleientr lee di:ac•harge the entire irate ^htefinwx;a stale
<br />all proper costs and exl►enses accured hereby.
<br />3. If the total of the payments made by ttte Mortgagor under (a) of paragraph I prcce ^dintky shall
<br />wxceed the ?mount of payments actually made by the hlortgagt,( a.: lruxrec for groun(t °(,rt rar(�s "lilt!
<br />assessmenta or }nsufance premiums,as the case may be, such excess shall be cre:ditedby tilt, %Iortgaketf
<br />on subsequent payments to he made by the Mortgagor for such items or, at Mortgagee's (,poorin shall he
<br />refunded to Mortgagor. if, however, such monthly payments shall not tx. �uttirie>nt r,, pcap� such items
<br />when the same shall become due sand payable, then the Mortgergur shaall fray Pu the h9ort},,agee ras tnlatec•
<br />any amount net_essary to m€akt� up the defir,ieory Within 4hi'a (Al
<br />days after untten nc�trr(• ;mru the
<br />Mortgagee stating the ,mount of the drlirirncy, will( h 1011cf, may he ghee] In% ;aril if at ;env twIlf, the
<br />Mortgagor shall tender to the Mortgsage«, in aaccordance with the proarwruns of fliv ;]I'll' ,v Brest he,rrht.,
<br />full payment of the, entire rode htednes% rwprrsr.rrted therrh_v. the Mortg r`ra> ,r�, rn bra < hail, ur nmlruhnt,
<br />the srmatanl of surh ivrdebtrdne «sa. r rrdit to the amount of the Mort sa ,<,
<br />under the provisions, of (a) of 1mrogrf►ph :a he,rr•of If rhr•r.a ^hvti h.,t;,
<br />f tilt °a itit,rl as e rerxulhng or re rul)ir( ale u a e I rrl. r;n l urrt rire for<t(ivr,eu
<br />g g 1 f h pn�ma�.,�w
<br />44 !rt.et., " :a.li;tr
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