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<br />To HAVE AND To HOLD the same unto the Mortgagee, as herein p- r'ovided. 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 hereinotherwise 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 />wit PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to
<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of Eleven and one -half per centum (I I. _T /a) per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of Superior Mortgage, Inc.
<br />in Grand Island, NE , or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the Mortgagor, in monthly installments of Eight Hundred Forty and 51 /100ths
<br />Dollars ($ 840.51 ), commencing on the first day of August
<br />the first day of each month thereafter until said note is full 15 ►19 t s , and continuing on
<br />Payment of principal and interest shall be due and n paid, except that, if not sooner paid, the final
<br />according to the tears of a certain lx•amissory note of even dte hesecd�. the ecu ed�by h said Mortgagor,
<br />The Mortgagor further agrees:
<br />1. He /she 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 other - 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 al 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 secured hereby, Mortgagor will pay 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 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 assessments next due on the mortgaged property
<br />gagee, and of which the Mortgagor is notified) less all sums already estimated by the Mort -
<br />the number of months to elapse before one month y paid therefor divided by ground premiums, taxes and assessments will become delinquent, such sums�to be held by Mortgag
<br />in trust to pay said ground rents, premiums, taxes and special 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 />(r) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(tr) interest on the note secured hereby; and
<br />(III) amortization of tine principal of said note.
<br />Any deficiency in the amount of any such aggregate monthly
<br />by the Mortgagor prior to the due date of the next such Payment, onstitutelan unless en of de ault
<br />under this mortgage. At Mortgagee's option, Mortgagor will pay a "late charge" not exceed-
<br />ing four per centum (4,',r';) of any install ment when paid more than fifteen (15) days after the
<br />due date thereof to cover the extra expense 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 />ness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and
<br />all proper costs and expenses secured thereby.
<br />S. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<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 excess 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 trustee,
<br />shall be refunded to Mortgagor. If, however, such monthly
<br />items when the same shall become due and Payments shall not be sufficient to pay such
<br />payable, then the Mortgagor shall pay to the Mortgagee, as
<br />trustee, any amount necessary to make up the deficiency within thirty (30) days after written notice from
<br />the Mortgagee stating the amount of the deficiency, which notice may be
<br />the Mortgagor shall tender to the Mort Y given by mail. If at any time
<br />the full Mortgagee, in accordance with the provisions of the note secured
<br />hereby, payment of the entire indebtedness represented thereby, the Mortgagee,
<br />in computing the amount of such indebtedness, ge, trustee, shall,
<br />accumulated under the provisions of (a) o� credit to the account of the Mortgagor any credit balance
<br />of the provisions of this mortgage resulting in �raublipehgalehereof.
<br />h,. If there shall be a default under any
<br />Mortgagee g P premises covered hereby, or if the
<br />acquires the property otherwise after default, the Mortgagee, as trustee shall apply, at the
<br />time of the commencement of such proceedings, or at the time the. property pP it
<br />amount then remaining to credit the Mort P party is otherwise acquired, the
<br />interest accrues{ and unpaid and the balance the principal 1 themrcmainh 2 preceding, a credit on the
<br />p pa remaining unpaid on said note.
<br />4. The lien of this instrument shall remain in full force and effect during any postlsonement or exten-
<br />sion of the time of payment of the indebtednem or anv hart thereof secured hereby.
<br />5. He /she will pay all 9;routed rents, taxes, assessments, water rates, and other governmental or
<br />municipal charges, fines, or impc.>sitior►s, levied upon said ce this m e, or the dept. per. and that he/she will pay all es levied
<br />be ! u °ur l thereby. together with any Other taxes or
<br />the laws of Nebr s 894inst they Mortgagee, ssmrnts which may
<br />nt of fur indebtedness. except whe =n payment for all such item legal theretofore I e n't�ir � unei�r (e1,1
<br />Of 2 heree.,�f, d he lshe will promptly deliver they official rese�fAjt)ta feu tc� en
<br />default thereof the mo , may pay they e� Mortgage =e In
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