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<br />004695
<br />TO HAVE AND ToHoLD the same unto the Mortgagee, as herein provided. Mortgagnrepresentsuo,
<br />and covenants with, the Mortgagee, that the Mortgagor has good right m sell and convey said premises:
<br />that they are free from encumbrante, 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 />P%ovnm ALwAys, and these presertts 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—ha I f per centum (L 1, 5 %) 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 68802 , or at such other place as the holder of the note may designate in
<br />writing delivered u, mailed w the Mortgagor, m monthly installments ^f Two l«ondred Fifty–five and No/
<br />Dollars (S zns'oo ).c^mmeoomoon the first day mr November .19 os. and continuing vn zonu`s
<br />the first day of each month therearter untilsaid note is fully paid, except that, if not sooner paid, the final
<br />payment vxnriocipal and interest shall bw due and payable vu the first day vf October, uozs ;m/
<br />according to the terms vrw certain promissory note "f even (late herewith executed hy the said Mortgagor.
<br />The Mortgagor further agrees:
<br />z. He/she will pay the indebtedness, uoupremuefo,e provided. Privilege m reserved »w prepay otany
<br />time, without premium orfee, the entire indebtedness or any put thereof not less than the amount ofone
<br />�mll-ent, or one hundred dollars (*znV.oV),whichever is less. Prepayment in full shall be credited on the
<br />date received. Partial prepayment, other than uuou installment due date, need not um credited until the
<br />next following installment due date or thirty days after such prepayment, whichever is earlier.
<br />2. Together with, and /n addition to, the monthly payments "r principal and interest payable under
<br />the terms vx the note secured hereby, Mortgagor will pay m Mortgagee, xutrustee, (under the terms ofthis
<br />trust as hereinafter stated) on the first day of each month until said note is fully paid:
<br />{w) A sum equal m the ground rents, /f any, next due, plus the premiums that will next become due
<br />and payable on policies ^f fire and other hazard inev,^o,e unm,iog the mortgaged n,^merty,
<br />plus taxes and assessments next due "n the mortgaged property (all mm estimated kr the zmort'
<br />magee.a^xvr"m,hth,|m^rtgaonrwvvtin,o) less all sums a] ready nuiu therefor divided by
<br />the number of months to elapse before one month prior to the date when such ground rents,
<br />premiums, taxes and assessments will become ./o|iu«u,nt. such sums mu= held hrMortgagee
<br />iu trust mnmvowiu ground *n*.nr,mmma. taxes arid special assessments.
<br />(») The aggregate o/m",^m^ovts payable pursuant t" subparagraph '") and those payable "uthe
<br />note secured hereby, shall w paid ino single payment each month. m,ue applied m the follow-
<br />ing i*,mymm+^mo,umted:
<br />(1) ground rents, taxes. oummnm,vtA. fire ^uo other hazard insurance premiums;
<br />(o) interest till the note secured hereby; arid
<br />(o/) am",00^u"n of the n,`n"n^/ of said note,
<br />Any a°noi°x,�/om"um"unt"r^n/ such aogmnx�m.^,m/rpu'o`m`tohxx.uu/e" made good
<br />uv the m^"u"nmprior tw the ou, date v/ the next such payment, constitute an event ofdefault
<br />under this mortgage. At Mortgagee's option. Mortgagor will pay * "late charge" not exceed-
<br />ing x^vrn,rrmtum '4,�,> "/ any install mont when paid more than fifteen (`5) days after the
<br />due date thereof tv cover the extra expense involved /o handling delinquent payments, oxtvuro
<br />"late charge" shall riot uo payable out ^f the proceeds vrvn/a:|, made t" satisfy the inxebted'
<br />omasse`vnah,r,*x.un/mmou,hpncvdowr^ovffic"*t*.oix,hunrU/oenureindebmdoesmxnd
<br />all pmve, 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 c« payments actually made kr the Mortgagee, uatrw"ue. for ground rents, taxes anti
<br />assessments on insurance premiums, as the cam may be, such excess shall ue credited n* the Mortgagee
<br />on suirms"ent payments to be made, by the Mortgagor for such items or, at Mortgag"'S option, R3 trustee,
<br />shaill be refunded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such
<br />items when the same "I become due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br />bliatee, any amount necessary to make up the deficiency within thirty (30) days afterwritten notice from
<br />the Mortgagee staiting the amount of the deficiency, which notice may be given by mail. If at any time
<br />the Mortpgor "I tender to the Mortgagee, in accordance with the provisions of the note secured
<br />haeby, %D payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall,
<br />in computing the amount of such indebtedness, credit to the aceount of the Mortgagor any credit balance
<br />Accusnulated 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 male of the premises covered hereby, or if the
<br />Nortgaigme 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 is otherwise acquired, the
<br />amount thern remairting to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the
<br />interest accrued and unpaid and the balance to the principal then remaining unpaid on said note.
<br />m The lion ^f this `nstmmontmx^Uremain /n full mr,, and ,m,t during any rwwtnvn"vpn/vrrnv,n'
<br />vwmv{theumevxnnsm*nt°/m»inu°»ttAn=m^runvo^rtm,rwr."rvredh,r~by.
<br />5. Helsme will pay all onwnu rents, taxes, xsswssmmnm, wuwv rates. and "mr, governmental or
<br />municipal mun".aue$.vr impositions, lo,ied upon *wapwvpase" and that he/she will pay all taxes |m`°u
<br />Upon " nxwtiiage, *, m,* mmu^ swurem thereby, together ~,m any other um~xo,assessments which m°r
<br />m*wVWunder the laws ofn~wwaw^ against the M .",m`e/°mwomu","r°munn",.pun^m."n
<br />wocoum:of this mtilwbt*wnew.except when payment for ell such items has theretofore m-en made under =,
<br />of paragraph nxnwmf, vWow*me will rn*opwx deliver the official mrrww therefor m`ithet Mortgagee. o.
<br />wwmwumemo( the Mortgagee may pay the acne.
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