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�5-= 005598
<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 hereinotherw ise 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 />PRoviAED ALWAYS, and these presents are executed and delivered upon the following conditions, to
<br />wit:
<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal stem with interest from date
<br />at the rate of?•3_N!,'I� and l5 /100 per centurhl.(15L, `,; ) per annum on the unpaid balance until paid.
<br />The said principal and interest shall he payable at the office of -TS MortgAgu Corporation
<br />in utratia, M1cbraska , or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the Mortgagor, in monthly installments oV)ui� sazy 0'a� anf o +) list.,
<br />Dollars ($ 4 i,1 . n t ' ), commencing on the first day of January , 1% , 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 he due and payable oil the first day of ecmn.ne r , 2u;5 ; all
<br />according to the terms of a certain promissory note• of even date herevrith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He /she will pay the indebtedness, as herembefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one
<br />installment, or one hundred dollars ($100.00),whichever is less. Prepayment in full shall be credited on the
<br />date received. Partial prepayment, other than on an installment due date, need not be credited until 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 wilt pay to Mortgagee, as trustee, (underthe terms of this
<br />trust as hereinafter stated) on the first day of each month 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 due
<br />and payable on policios of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due on t he mortgaged property (all as estimated by the Mort-
<br />gagee, and of a hick the Mortgagor is 110t.iti"(1) less all sums already paid therefor divided by
<br />the number of months to elapse before out, nto *„th prior to the date when such ground rents,
<br />premiums, taxes and assessments ~will I-co-o delin(iuent, such sums to be held by Mortgagee
<br />in trust to pay ;aid ground rents, premiums, taxes and special assessments.
<br />(b) The aggregator„ f the amounts pavahle pursuant to subparagraph fat and those payable on the
<br />note secur,•d iiercb}•, shall he paid in a sing),- payment each month, to be applied to the follow-
<br />ing items in the order• stated :
<br />11) ground rents, taxes, aS8es9fn,•tlty, fire-and other hazard insurance premiums;
<br />t 11) 'interest on the note see•urmi h,•relw ; ar „i
<br />011) amortizati,m of the principal of said note.
<br />Any defic:t tw} rra th.• amount. of an% such aggregate nu,nthi }' payment shall, unless made good
<br />by the Marl ago' prior to the clue ,sale „l the next such payment., constitute an event of default
<br />under this mortgage. At 1lortgage•e's optua;, M, rtgagor will pay a "late charge” not exceed-
<br />ing four per cent um 14,; ) of any install ntent when paid more than fifteen ( 15) days after the
<br />due date thereof to rover the e -xtra , xtrt•r;u• involved in handling delinquent payments, but such
<br />"late charge" shall not be payable out of the, proceeds of any bait, made to satisfy the indebted-
<br />ness secured herehy, unless such proctleds art, 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 />exceed the amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and
<br />assessments or insurance premiums, as the case may be, such excess shall be, credited by the Mortgagee
<br />on subsequent payments to be made by the Mortgagor for such items or, at Mortgagees option, as trustee,
<br />shall be refunded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such
<br />items when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee• as
<br />trustee, any amount necessary to make up the deficiency within thirty t 30) days after written notice from
<br />the Mortgage stating the amount of the deficiency, which notice may be given by mail. if at any time
<br />the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note securest
<br />hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall,
<br />in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br />accumulated 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 cuvere d hereby, or if the
<br />Mortgagee 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 />ammilit then remaining 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 />A. The lien of this inretrument. shall remain in full force arid etfevt during any post pone mPlit orexten.
<br />.4 on of the time of traymerni of the indebtedness or any nart. thereof secured hereby.
<br />5. He /she will pay all grexind rents, taxes, asse"menta, water rates, and other governmental or
<br />municipal e:harygw, fines. or unpositions, levied up(m txid prernm" and that hershe will pay all taxes' leveed
<br />Mean thin rage, or the deb, w c> urrd thereby, together with any other taxes „r asst, -mments which naav
<br />he levied under the laws of Nebraska against the Mortgagee, or the legal holder ,)f ,ant pnncipa: note, c,i•
<br />account of this indrbtedfir i, except. when payment for all such it.•m:< has therrtof „n• Fwen made under ,a
<br />of f,uarrayneph 2 herpeit. and hershe will promptly deliver the �,fficaal r,K•.•ipu Lherr tt,r io tie Mortgage. fn
<br />,temfaoli th. rs�,4 Jae Morignetw may pay the swine'
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