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85--- 00581.6
<br />To HAVE AND To Hor..n t -he same 1411"') the Mortgagee. as herein prrn id, °d. 31(,rtgago!, represents t,er,
<br />s au and Covenants with, the Mortggee, that thr Alorlga) or hag right ill sr,l ..md c•, nve,V said ln•ernises:
<br />that they are free from encumbram-e, �!!Xeept:aa hereinothcrn�isi� I.-ed: lhat the Mortgagor will eyarrant
<br />and defend the same against the lawful claims of:all persons a-hontsoever. 'Alc •tg<agor hereby ro]rnc ;tr:.l es
<br />all rig�irt.s of homestead, all marital rights, either in iacv or in oquit.r, and all other contingent rd • , sts of
<br />the Mortgagor in and to t.lie above-de,eribe:d prornisrs.
<br />PPo%,iDSD ALWAYS, and these presents are executed and delivered upon the following conditions, to
<br />wait
<br />Mortgagor 2 r ees to I Ony to the \lot tgagc e•, or order, the at cr c,aid prinerpa! sun- ;c.rtlf inters t from dzrte
<br />at the rate of F even per ;entum u 1.0b6) Per annum on the unpaaiid halance untii paid.
<br />The .aid principal rind interest shall l e payable at till, ,t lee of �ndrs�oan s"Soc�"J.Asof .incoin
<br />in Lincoln, Nebraska or ,tt place is the holder of the note m:ar desigtnate in
<br />writing deli.ered or mailed to il;e Mor•tgtgor, in m,virhh ins ".allnrcnts of tour Hundred Fourteen and 86 /100
<br />Dollars ($ 414,80 ), comnremciiq' ore tht first ,l y 141 January , 19 86 ,and eontimmns,, e1-,
<br />the first day r f each mon"lr thereaflor until Said note r; ful{p 1, ud. exc•ept that., if not sooner paid, !in::l
<br />payment of principal and into r e. t <11,111 be slur end pay able on 010 first day of December , 2000
<br />according to the tea ms oi a eerurin lu nmissor��' note of "VOr: ,lato h,•r<•vrith (,xccuted b1- the said 4fortg,xt'„r.
<br />The Mort.gag"). f 14r•ther agree::
<br />1. HewJ! pay tl:r•Snrl.•frtrcbtess. as ite•r •lute fene pro,:dL ! 1'1•1c11ege ;.I reserved to prepay at anti•
<br />time, without fee. t he ,�rttIre r Ill lei itodnl'ss or an•, Irru•t thereof not iess than the amount cf i one•
<br />installment, or one hundred dollars '$100.00). whichever Is less. Prepayment in full shall be credited on
<br />the date received. Partial prepayment. other than on an installment due date, need not be credited until
<br />the next following installment due date, or thirty clays after such prepayment, whichever is earlier.
<br />3. Together with, and in addition to, I- monthly 1.3_vmemts of principal and interest payable under
<br />the terms of the note sc�c•ur•ed hereby, Rlor t,. ,gof• tk ill paV to Al011gagt, . ;is trusWe, ( under the 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, ii' an%', next fine. plus the pn- -mums that will next become due
<br />and payable +,n polrcics of fir, and „"her hazard insurance covering the mortgaged property,
<br />plus taxes al;d assessments neat due n) 1 he rnortgage,i projw y ( all as estimated by the Mort-
<br />gagee, aril of �.chic•h thl- 119nr"gagor !s :udtficd) all .,urns alroad,I paid therefor divided by
<br />the nutnher of rrwnths to elapse Lel'i,r e "n, m„nth prior to 1ite date t-,-hen such ground rents.
<br />premiums. taxf:c ,Itu1 assesr:rneMn ., ;11 he(*onre d"lin..lut•nt, such sums to be held by Mortgagee
<br />in trust to pa., .:aid ground rents, lu enrrnns, tatxes :turf : pec•ial assessments.
<br />(8) The aggregate „t th.• arnotntts patiollle pu!:SUant. t„ suhparagralrh (u) and those payable r'nr the
<br />note secured herel,r, shall Ile jjwd :It a sing!,- pa ynu•nt "at h monttr, to be applied to the follow-
<br />ing items is. the order:.t,ttcd:
<br />(1? ground rents, t ;t�:,•s, asseaun,•nts, 111-1• rrn,l ,.fhr r hazard + nsurance premiums;
<br />1 tI) interest on the• note soc urr•,I her,•br ; anii
<br />(II]) .tnre�rnaatiotr of the principal 1-f �,a ul note.
<br />Any riefreu•nc,. in the o-tnu,unt of :tn } ;ucb payment shall. unless made goad
<br />by the Mortgagor pt;t,r to ".hc flue dst..• of t -i;c next such payment -, c,mstit.ute an event of default
<br />under this mortgage. At 11or•tgagoe'� ,,;,tI.,n. `d „rigagor ,c ill tsar a "late charge” not exceed-
<br />ing four per septum c.I',) of zut} rusts!! rncnt :•lien ]rani more t.har! ftit.ten (l:i) days after the
<br />due date tirt•reof to move t he ,'xtra r XP, H.- w. ult, -1-i in handling delnupu•rlt payments, but such
<br />late ehart;e" :hall not be payable out ,If' I Le In or,•,•ds .,f anv "ale matte to satisfy' the mdebted-
<br />ncss secured hc,reby. unless such proceeAS :,re sutlic.e !It to riischarge "ht• entire indebtedness and
<br />all protx�r costs anci expenses secure,! t.in rt•1,} .
<br />3. If the total of the payments made by the Mortgagor under t a) of paragraph 21 preceding shall
<br />exceed the amount of payments actually made by the Mortgagee, as trustee, for ground rent_e, taxes anci
<br />assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagt.-
<br />on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, r�s trustee,
<br />shall be refunded to Mortgagor. If, however. such monthly payments shall not be sufrrc•ient to pay such
<br />Items when the name shall become due and payabk:, then the Mortgagor shall pay t.er the Mor•tLgag(4% as
<br />trustee, any amount necessary to make, up the deficiency within thirty (20) daps after written not.ree from
<br />:a
<br />the Mortgagee stating the mount of the deficiency, which notice may be given by mail. If at anv time
<br />the Mortgagor shall tender to the Mortgagef% in accordance c+ ith the pruvisn.,ns of the notx, secured
<br />hereby, full payment of the entire indebtedness repr•e•srnt,ed thereby, 0he:1, Mort.gayme, as irustxe, .:hall,
<br />in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance,
<br />aecumuiated under the provisions of ta) 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 premise's coven'd hereby, or if the
<br />Mortgagee acquires the property otherwise after default, the ;llortgagee, as trwox4% shad apply, at the
<br />time of the commencement of such prtxse4,dings, or at the time the property is othc,rwise acquired, the
<br />amount then remaining to credit the Mortgagor under (a) of paragraph 1 preceding, as a eredit t,u the
<br />interest accrued and unpaid and the balance to the principal then remaining unpaid on said note.
<br />1. The lien of this iworument shall rernain in hull force and Avct ,Itn•ing :ant postponement it' exten-
<br />sion e,f tht• time of pa ''"pert" ,1-t tyre irrrlebtednesa or All part I1wrenf securol hereby.
<br />'e, lAt• -ill pay all grouriel rents. Ulkes, a,.rs4 wrnent , rtiat,er rates, aunt other governnn•ntal or rntnrrrr-
<br />pal cirarge_.s, fifivX, or nnpok!tn,ns. IeE led upon saui pr nirsc x anci t -ft:at he 14.1!1 pad ad taxes. let tefi upon this
<br />nxortgsge. of the debt wes tit °off thereby, together c. rth any 'd.her 1 Ok s e,1- ae m,�nt.a hrch 'prat he Ieyieed
<br />under i.he lai n of �'ci_ra�k ;artkxrtrst tire• ylarr`t ;rap .e nr 'he I,•yaI ',e,H r • >f . ttrfl
<br />Oos artdr =tale <ltrs,, exeete, '.ehr•n trdg' »'u het f,n ll sm h rt,onx I1- a t1,,•r,•t..(.;r'. i.,,•n 1-n „i, !�•r a r ,tt parA-
<br />pc AV?; .; tter,,,f, arcs' I,, .e,ll t:roo)ptlr deli:, 1-'.i„ ,ffrr ;rut ,•e,;l t, 1 „r r,, tl, �? "rti tic= i ±r lefarrlt
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