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10 tiA1 t; AN[) To 1iot.rs the same unto the Mort. a :� . , . ,
<br />and ecavenants with, the Mortgagee, that the Mortgagor gg c: as he r c in provi&,d. Rortgagor represents to,
<br />that they are free from encumbrance, except as herinoth otherwise recited; that the .
<br />good right to sell and convey said premises;
<br />and defend the same against the lawful claims of all persons whomsoever. - Mortgagor will warrant
<br />all rights of homestead, all marital rights, either in law or in equity, the
<br />hereby relinquishes
<br />the Mortgagor in and to the above- described premises. q Y, and all other contingent interests of
<br />PROVIDED ALWAYS, and these presents are execut :d and delivered "Pon the followin cond'
<br />to wit:
<br />$ ItlUn9,
<br />Mortgagor agrees to pay to the INIOrtgagee, or order, the aforesaid principal sum with interest
<br />date at the rate of Eleven and one -half
<br />until paid. The said principal and interest shall cent urn'( I P:z �;�,) from
<br />Veterans Administration Regional ante, per annum on the unpaid balance
<br />g Payable 'it- the office of the L,oar. Guaranty Officer,
<br />note may designate Lincoln, Nebraska, :r at such of }iet place as the }solder of the
<br />8'nate in writing delivered or mailed to the Mortgagor, its monthly installments of
<br />One Hundred Twenty Two And 30 /100Dollars
<br />day of August ($ 12` • 3Q ), commencing ors the First
<br />day of each month thereafter until said note is fully S5 , and continuing on the First
<br />pay-
<br />ment of principal and interest shall be due and payable on the
<br />that, if not sooner paid, the final 2015 ; all according to the terms of a certain P Y First day of Jul
<br />said Mortgagor, promissory note of even date herewith executed by the
<br />The Mortgagor further agrees:
<br />1, f1e will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay
<br />time, without premium or fee, the entire indebtedness or any part thereof not less than the amount
<br />installment, or one hundred doil irs ($100.00), whichever is less. Prepayment. ill full shad be credited t any
<br />the date received. Partial prepayment, other than on an irsstalhnent daie date, need not be creche f one
<br />the next following installment due date or thirty d;tvs after such prepayment, whichever is earlier. e>rs
<br />.� until
<br />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,
<br />this trust as hereinafter stated) on tlse installment due date of each month until ssaid(note is fully of
<br />(a) A sum equal to the ground rents, if any, next due, plus tile p►emituns that �a ill next become due
<br />yPrd.
<br />and payable on policies of fire and other hazard insurance covering the mortgaged
<br />Plus taxes and assessments next due on the molt a re°cI area ae e i Property,
<br />gagee, and of which the Mortgagor is notified) less all Burns already 91as estimated be the Mort.-
<br />SUMS of months to elape efore one montts arior• t.o t },�
<br />paid therefor divided by
<br />Premiums, taxes and assessments :.::; bi�come deiindueilt, such tan s t'lbt_ -such by Mortgagee
<br />In trust to pay said ground rents, premiums, taxes and slac°cial assessments. ground rents,
<br />(b)
<br />Tile aggregate of the amounts payable pursuant. to subparagraph (a) and those payable
<br />note secured hereby, shall be paid in a single payment each monat.h, to be applied to th foliow�
<br />ing items in the order stated
<br />(r) ground rents, taxes, assessments, tire and other hazar(I instlr'ancaa
<br />(11) interest on the note secured hereby; and pl'e'I2attiillsi
<br />(111) amortization of the principal of said mate.
<br />Any deficiency in the amount of any such aggregate monthly payment sluaIl, uliless mac }e good
<br />by the Mortgagor prior to the due date of the next such payment, constitilte ati de nt of de
<br />uncle this mortgage. At Mortgagee 's option, Mortgagor will pay a "Irate rlTat • taint
<br />ing four per thereof cover t of any installment when paid more thars tit'teen t E 5) days t exceed-
<br />due ,
<br />date thrtrcaf to cover the extra ex y after the
<br />"late, charge„ shall not be payable otrt of theIproe(.,edsrof,any�ls�al cm'adeIto at Wmthes, but
<br />such
<br />ness secured hereby, unless Such proceeds ,are sufficient, to discharge the entire isfv t1 ednes.
<br />all proms r coats and exec °rises secured hereby.
<br />sand
<br />If the total of ttte payments made by the Mortgagor under
<br />exceed than :imotint of payments al tucllly made• by the Mor �;agec� as trlistt�r.� forgrould rants, taxes rams
<br />paragraph .� plec•eading shalt
<br />assessments or insurance premiums, ass the ctlse may be, such excess ss shsall be credited by the Mortgagee
<br />ry subsequent to M paymerrlt, to be made by tale ,Mortgagor for such items or, at �Mcart,a
<br />rۥfundtrtl to Mortgagor. if, however, stlrh +uonthly t,a gee s option, shall be,
<br />when the % ame shall beccarticr due• �aetd payable, then flit - Mort � lglor Ishall be ite,fit►1e�'iMort ,bray sorb iteriis
<br />any �amotifit ne�ce % t'` 6, f, rec as trustee,
<br />`"ark °" ai:aka° cll3 tlse^ do (ie iena'Y within thirty (3(l) drays 'tatter written noticr from the
<br />Mlir109ec •;tratijig the raniorrnt of tbc^ dc�fic is nrv, which ncsticc1 rna � ha
<br />Mc,irtgagor "hall terlda•r to t1w Morit; age4c ill accordance with the provisions of'the�•�anote: St•a�ure�(l lwre bhp ,
<br />full pravmefit of ittc• er;lm iridc
<br />s , re�prca:,a .teed the It f:w, ihca 1�1�1rtt,rat;e�e� ;as trut:tac �.hia11, to �,.�rnl,�ihn�+
<br />tha> Qarnocarar All such inde•I)teAtiv ;s, e rt�dat to ttw av comlt liw
<br />Mt�iPt dsezr �ane arellt t�.ai.iEiee. �at��ir,uialta rl
<br />iandc °r t.he• tarovisionv; of (F41 r,f paaragr:a }ah ,? tl <•i-t. °ot It the as
<br />Fit ttsc, ris�rsi a, r •' }r` .; � ?i�R�iit �i�i�te i :ari� ? �
<br />t, rc ��1ltanr; in �, puflll( sala> elf tftc• pta•r`nrSa,sti t t ie Ita�tr, ions
<br />of tilt° ��� if(=8j'e'f' ,di'1II11PC'":
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