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To Have ANp To ]lot,[) the same unto the Mort zee, as herein provided * and covenants with, the Mortgagee, that the Mortgagor has good right t sell a Mortgagor 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 />PROVtDts'n ALWAYS, and these presents are executed and delivered to wit: upon the following conditions,
<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest
<br />date at the rate of E 1 even and One IlaI If
<br />from
<br />until per centum ( 11', �,, ) per annum on the unpaid balance
<br />paid. The said principal and interest shall he payable at the office of the Loan Guaranty
<br />Veterans Administration Regional
<br />Officer,
<br />Office, Lincoln, Nebraska, or at such other place as the holder of the
<br />note may designate in writing delivered or mailed to
<br />Three Hundred
<br />the Mortgagor, in monthly installments of
<br />Sixty Nine and 87 /100 Dollars ((5369. S7
<br />day of August ). commencing on the First
<br />19 81 and continuing on the First
<br />day of each month thereafter
<br />until said note is f ully paid, except that, if not sooner
<br />ment of principal and interest shall be due paid, the final
<br />and Payable on the F i rsi pay-
<br />;all according to the terms of a certain
<br />aid
<br />said Mortgagor, promissory note of even date herewith executed by the
<br />The Mortgagor further agrees:
<br />1, He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to
<br />time, without premium or fee, the entire indebtedness
<br />prepay at any
<br />or any part thereof not less than the amount of one
<br />Installment, or one hundred doll.,, 1ti10O.001, whu'he'ver Is h•... Prepaynl('nt in full shall be
<br />the date received. Partial
<br />credited on
<br />prepayment, other than nn un imtalhnerlt due date, nerd not tae credited until
<br />the next following installment due date or thirty days
<br />�
<br />after such prepayment, whichever is earlier.
<br />2. Together with, and in addition to, the nionthly pavrr:ents of
<br />principal and interest payable under
<br />the terms of the note secured hereby, Mo-tgagor wlll pay. to !Mortgagee,
<br />as trustee Sunder the terns of
<br />this trust as hereinafter stated) on the installment due. ;fate of each month
<br />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
<br />and payable on policies of ti become
<br />due
<br />re and nths°r haxar l insurance coverring the mortgaged
<br />Plus taxes and assessments next due on the mortgaged proper( }' (alt as estimated b} the Mort-
<br />gagee, and of which the Mortgagor is M
<br />Mort-
<br />the notifsed) lean al sums already paid therefor divided
<br />months to tore one month by
<br />premiums, x prior to the date when such ground rentlq,
<br />smen l
<br />premiums, taxes and round rt wit! bct-ome delinquent, such sums to [w held by Mortgagee
<br />in trust to pay said ground rents. premiums.
<br />(.awes and special aswe:;sments.
<br />(b) The aggregate of the amounts payable pursuant to sub)raragraph
<br />(a) and those payable on the
<br />note secured hereby, shalt be paid fn a single Pavinvat each month, to !xr applied to the follow .
<br />ing items in the order stated:
<br />(1) ground rents, taxes, assessments, fire and other•hazard insur•atue
<br />(11) interest
<br />premiums;
<br />on the note secured hereby; and
<br />(tit) amortization of the principal of said note.
<br />Any deficiency o the amount of any such aggregaty monthly paynic>nt shall. unless made gP,t,ti
<br />by the Mortgagor Prior to the due date of the next such payment, constitute
<br />an event of default
<br />ingfo r perortgage, At Mortgag�'so�tion, Mortgagor will pay a " latA, charge" not exceed-
<br />g {see centum (� :) of any insta Intent when paid more than fifteen
<br />due date thereof to
<br />�
<br />( I fi) days after the
<br />cover the extra expense involved in handling delinqucrlt payrnrnts. buf such
<br />mate charge" shall not t` payable out of the proveevly
<br />of any sale road(' to satisfy the indebted -
<br />nears secured hereby, unless Much lmweeds are suflicfent to dive•harge the ent ire indel >ledne"
<br />all proper costs and exPe"Res necured
<br />hereby. anti
<br />3. If the total of the payments; made by
<br />the Mortgagor under Ire) f Parsgraph ,a preceding; sha11
<br />ex(_eed the Jm0lint of payments at.tually made by the Mortgagee as; trustee for
<br />assessments
<br />ground rents,, taxers; and
<br />orinsurance Premiums, as the cake tray be, such excess Shall be creditedtly the Mortgagee
<br />can subsequent payments to 1m mottle by the Mortgagor for
<br />such itemr> i�r. al Mortgaget-'s optlt�n, shall be
<br />refunded to Mortgagor. If, however, snch monthly
<br />payments stlall not tmtfftclent to pay Suth items
<br />avhen the xatne shall beco e due and payable, then the Morlgngor shall
<br />psi tel the 4furtpragre as ten trey
<br />any aatrstafit net eSSary to make iq1 the (leflt lee y within thirty' �.fo) Mays ilfil•( bkfltreil 91nt11'e (PCS11', if +t•
<br />i"t Ptg ?atat @n the "n""t Of the
<br />'l @fI( 11'tt a', which notir,v rijv hl 11'C'n fl'V �!t Llli If dt Jn 5" tIR'C' tjl -.
<br />t,
<br />t3f1 E6 P ?f shall tf."n ��er tO the Vorfmagcv, all at cordance with the
<br />Pwki t ?Fib of rlt e• 1101(' st "l 1;fr ^it he'rrtPh
<br />full ar a rrw9ebtrdnt s to ^pre sty
<br />br Y 11r of (tae ertlrte nied thereby the Mott 1 e t'
<br />Mho- amount rti r t aro h' err
<br />dU�tl intt+I°fite4ttre } "r, .a rt !IPr rn tl r e C.,)unt of the afn)r;'9,,
<br />JF#t`fl°r 2+se• pn,irste�ns of Sari „I Iseaata}�r,t atl ' the ra „f If the
<br />I
<br />r
<br />t '9�39zt )N' I i'r;a;lif
<br />'al thi% •.
<br />yrgt'rada��rR fF'�If iz; f}r Ill a/ f?3F t�)11 °I'.#l" If tlRC (iris ti�S SI`h , SAP t1
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