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To HAVE A14D To HOLD the same unto the Mortgage a,s herein 85, 008642
<br />and covenants with, the Mortgagee, that the Mortgagor has provided. Mortgagor represents to
<br />that they' are free from encumbrance, except as herein otherwise recited; th ttthe and cOnveY Mort gag seed premises;
<br />and defend the saute against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, either in law or in gigot will warrant
<br />1 the Mortgagor in and to the above- described premises. equity, and all other contingent interests of
<br />Pxovtnm 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 Eleven and One —Half per centum (11 r2 `�� ) per annum on the unpaid balance
<br />until paid. The said principal and interest shall be
<br />l
<br />Veterans Administration Regional Office, Lincoln, Nebras ae c
<br />or at sffhcother place as Place ho o]derOoff the
<br />note may designate in writing delivered or mailed to the Mortgagor, in month!~ installments of
<br />Three Hundred Eighty —Two and 82 /loo Dollars ($382.82 ), commencing on the
<br />First day of September ,19
<br />day of each month thereafter until said note is fulJy85 and continuing on the
<br />pay-
<br />ment of Principal First
<br />P pal and interest shall be due and payable on thept that, if not sooner paid, the final pay -
<br />2015 ; all according to the terms of a certain promissory note of even date herewith executed by the
<br />said Mortgagor.
<br />The Mortgagor further agrees
<br />1. 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 any part thereof riot less than the amount of one
<br />installment, or one hundred dollars f$100.00), whichever is less. Prepayment in full shall be credited on
<br />the date received. Partial prepayment, other than on an installment duc date, need not be credited until
<br />the next following installment due date or thirty days after such prepayment, uhichewer is earlier.
<br />?. Together with, and in addition to, the monthly payments of prinrrpal 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 fully paid_
<br />and (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due
<br />Plus payable aes and asssessments next nduetonrthe morEgaged propertyrt all as estimated mortgaged roper -ty
<br />Bagee. and of which the Mortgagor is notified) less all sums already
<br />the number of months to elapse before one month prior to the date Abelrtsu�refor divided by
<br />premiums, taxes and assessments will become delinquent. ,uch sums te, he held }ground -tr ante S.
<br />in trust to pay said ground rents, premiums, taxes and special assessments.
<br />Mortgagee
<br />(I3) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable or; the
<br />Pate secured hereby, shall paid
<br />ing items in the order stated: in a single payment each month. to tx applied t -o the follow-
<br />(t) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(11) interest on the note secured hereby; and
<br />(rte) amortization of the principal of said note.
<br />Any deficiency in the amount of any such aggregate monthlc payr:er:t shall, unless made good
<br />by the Mortgagor prior to the due date of the next such payment, constitute an event n;' do fault
<br />n
<br />under this mortgage. At. Mortgagee's option, Mortgagor will flay a "late charge" not exceed-
<br />dueling per centum (4 ,.) of any installment when paid more than fifteen ( 3 5) days after the
<br />date thereof to cover the extra expense involved in handling delinquent payments, but Etch
<br />late charge" shall not be payable out. of the proceedsw of any Sale made to satisfy the i but sud-
<br />ness secured hereby, unless such proceeds are suflic•ient t„ di. ci:arge ad, entire sly indebtedness e ildv and
<br />all proper costs and expenses secured hereby.
<br />3. If the total of the payments made by the Mortgagor under ia; of paragraph ' preceding shad'
<br />exceed the amount of payments actually made by the Mot< €agree as trusteE• fir, ;round rents. taxes ,and
<br />$ssessmentg or insurance premiums. as the cease may be. such exec ss s.i:call he cn lileciby the Mortgar;;=c
<br />on Subsequent payments to be made by the Mortgagor for such item., or. at Morttedile's option, sheet! he
<br />refunded to Mortgagor. 1f• however, such •I<,nthly payments snail not be strifu"V` to pap sucsh items
<br />when the same shall become due and payable•. then the Mort €'she snail pay Iei the :Mortgagee us rr,lems
<br />any amount necessary Io make up the deficwncy withal tinny ( 0) dnvs urine =r nohre
<br />M�zrrgwgee- stating the am?ruot of tt e deer, ewe , which notrcc• ma h<� fee t ?ra
<br />Mortgagror shat! ttmder to the Mort age •. in accordame° wit;! the prn,; ore r aI I Pit- rt,,ee,iti,e ,e I;r�e the
<br />frill paytt,rnl ref the- a =trtrro• sndeblr =ine�s re to °Se -�� r �i h, re>bt.
<br />rna�mc,ant of ^urn tndrbl, >e e, p ,.nerd rhrrrtry tut M< t=f aw ir,:�,trr• steal, rn��nn�:;rurc�
<br />znstrr the €:rrsrvr is�rn °c
<br />of ;a 1n r ro-dat I, 1 e -count ,, oho• ygarat ,p,4r ,a :o � n ,li' P.,l,u; • ,e ,.�•r, l,n,•, -.
<br />�.t the S k zapti € th,�rr r .
<br />n 'r�KaK+ rrsitani, ;r� ,a u:ll,� ,.nay .h..
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