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<br />TO HAVE 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 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 oth
<br />the Mortgagor in and to the above-described premises, er contingent interests of
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the fo Owing conditions, to
<br />wit:
<br />Mortgagor agrees to Pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate ofNINE AND 80 /100 per centum ( 9.8%,) annum on the unpaid balance until paid.
<br />The said principal and interest shall be Payable at the office of NORWEST BANK OMAHA, NATIONAL ASSOCIATION
<br />in P.O. Box 3408, Omaha, NE 6810�or at such other place as the holderof the note may designate in
<br />writing delivered or mailed to the Mortgagor, in monthly installments of THREE HUNDRED THIRTY ONE AND 23/100
<br />Dollars ($ 331.23 commencing on the first day of September 1985 and continuing on
<br />the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final
<br />payment of principal and interest shall be due and payable on the
<br />according to the terms of a certain promissory first day of August , 2005 all
<br />The Mortgagor further agrees: Y note of even date he"e"Ith executed by the said Mortgagor.
<br />I. He/she will pay the indebtedness, as hereiribefore provided. Privilege rved to an
<br />time, without premiCun or fee, the entire indebtedness or any part the is reserved
<br />prepay at y
<br />reof not less than the amount o one
<br />installment, or one hundred dollars ($100-00), whichever is less. Prepayment fu date received. Partial prepayment, other than on an installment due date, need not be credited until the
<br />in 11 shall be credted 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 truste
<br />trust as hereinafter stated) on the first day of each month until said no , e, (tinder the terms of this
<br />if all
<br />(a) A sum equal to the ground rents, note is fully paid:
<br />y, next du(?, 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 ()n the mortgaged property (all as estimated by the Mort-
<br />gagee, and of %j-hich the Mortgagor is notified) less all sums already paid
<br />the number• of months to elapse before one therefor divided by
<br />month Prior to the date when such
<br />premiums, taxes and assessments Nvill become delinquent, such sums to be held by ground rents.
<br />Mortgagee
<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 />ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />interest on the note secured hereby; and
<br />amortization of the principal of said note.
<br />'441
<br />y
<br />Mortgagor prior to the due date of the next such payment. constitute an event of exceed-
<br />ing Any deficiency in the amount Of ally such aggregate month ay made good
<br />by the - under this Mortgage. At Mortgagee's Option, Alortgagor will pay a " ate char " not xceeddue date thereof to cove'( a 8 te four per centum (4 of any installment when paid more than fifteen (is) d y of r the
<br />I ge
<br />the extra expanse involved in hand) ing delinquent payments, but such
<br />"late charge" shall riot be payable out Of tile 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 />3. If the total of the Payments made by the Mortgagor under (a) of paragraph 2 Preceding shall
<br />., such excess shall be credited by the Mortgagee
<br />assessments or insurance Premiums, as the case may be t& 8 1
<br />exceed the amount Of Payments actually made by the Mortgagee, as trustee, for ground rents, xe an(
<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 Payments shall not be s M to
<br />items when the same "I become due and payable, then the -Mortgagor shall pay to the Mortgagee, as
<br />sufficient pay such
<br />trustee, any amount necessary to make up the deficiency ithin thirty (30) days after written the Mortgagee stating the amount of the deficiency, y R e notice from
<br />the Mortgagor shall tender to the M cy, Which notice may be given by mail. If at any time
<br />ortgagee, in accordance with the provisions Of the note
<br />hereby, full PaYmmt of the entire indebtedness represented thereby, the Mortgagee, as trustee, secured
<br />e, shall,
<br />in Computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br />&Wwnuhtted under the provisions of (a) of paragraph 2 hereof. If there shall be a default under any
<br />of the Provisions of this mortgage resulting in a public sale Of the premises covered hereby, or if the
<br />Mortgagee acquires the property otherwise after default, the Mort gave ► &. tee a
<br />time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br />trustee, shall apply, at the
<br />=Mnt then remaWD9 to credit the Mortgagor under (a) of paragra 2
<br />interest accrued and unpaid and the balance to the Principal then remaiph preceding, as a credit on the ning unpaid on said note.
<br />4. The lien of this instrument shall remain in full force and effect during any
<br />Sion of the time of Payment, of the indebtedness or anv nart thereof secured hereby. Po'81POnement or exten-
<br />5. He/she wi" Pay all ground rents, taxes, assessments, water rates, and other governmental or
<br />municipal charges, fin", Or in)POsitions, levied upon said Premises and that he/she will y I e levied
<br />be losvied under the hm of Nebraska against the Mortgagee, or the legal holder of said principal momenta c a
<br />upon " mortgage, or the debt, Secured thereby. together with any other taxes or assessmen which may
<br />" Pa a) tax 8 e ed
<br />accouAt Of this indebtedness, except when Payment for all such items has the iPaJ note, (-)I-
<br />Of Paragraph 2 hereof, and he/she will Promptly deliver the official re I Made tinder (a i
<br />default thfIreof the Mortgapm receipts
<br />, may pay the Same. lek*m(l Mortgagee. In
<br />K
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