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OLO 00& ` 36
<br />To HAVE .AND TD HwD the same unto the . , as lie—In provided. Mortgagor repro alts to,
<br />ash amenaaft with. the Mortgagee, that the Mortgagor has good right to sail and convey said prom sees:
<br />that are free from encumbrance, except as hereinotherwise recited; that the Mortgagor will warrant
<br />and defemd the same against the lawful +claims oif all persons whomsoevw. Mortgagor hereby relinquishes
<br />atrliXlft of Ulmestmid. A marital rights, either in law or in equity, and all other contingent interests of
<br />an and to the abm*41escribed premises.
<br />Pmffli Aaw,&Ys, sad these ta`are uexemW and delivered upon the fo9owis6' tmrditions, to
<br />se3t5 .
<br />Mortgageragrees to psy to the lortgagee, os order, the aforesaid principal suss kith amterest from date
<br />at the rate of Eleven per centunt r 1i r) per annual on the unpaid balance until paid_
<br />The said principal and interest shah be payable at the office of Suaper cr ?Mortgage, ]lnc.
<br />in -Crand island, NE EB802 , or at such other place as the holder of the-note map designate in
<br />writing & ivered or raal-led t* the Mortgagor, in monthly irsta:imen'fs of 3`'our Hundred Fifty —seven 12 /100
<br />f aRm ($ 457_32 )- cosmnzemKingon the fn--,t dayDf rebruart .1986 .,andoontinuingon
<br />the fsrs# day of each north thereafter until said note is fully paid. except that, if not sooner paid. the final
<br />paTment of principal and interns# shall tae dace and payable on the first flay of vara-uaxy, 2036 ; all
<br />awarding to the tears of a certain promissory not,,-- of even date h ae-vith executed by the said Mortgagor.
<br />17re Mortgagor further ate:
<br />1_ We &e will pay the indebtedness, as heTembefore proved. Privilege is reserved tea pro at any
<br />tae, wifisout premium or fee, the entne ' indebtedness or any part iiaereof not less #ham the amount of one
<br />t, or cane hamdsed dollars ( ;100.00 J,vhxhever is less. i'rqiwyment in full sball be credited an the
<br />date recessed. Partial prepa3ment, other than om an installment clue date, need not be credited unta 're
<br />next tollowing natilinwrit .dine date or thirty bays after such prepaysrnent, whutevez s ember
<br />�L Tepxtber with, and in addition to, the monthly payments of principal and intent payable under
<br />the terms of the saute secured hereby, Mortgagor will pass to Mortgagee, as trustee, (under the terms of this
<br />tart as bereinafter steed) on the !firm day of each month until said note is fully paid:
<br />(a) 3 sam equal to the ground rents, if any, next due, plus the premiums that will next bye due '.
<br />.and payable (,n policies of fire and other hazard insurance covering the mortgaged property,
<br />plus takes and assessments next due on the mortgaged property tali as estimated by the Mort-
<br />and of whaola the Mortgagor is notified) less all suns already )laid therefor divided by
<br />the numbex of months ti, elapse Before one month prior to the date when such ground rents,
<br />premiums. taxes and assessments will lie =come defintluent, such sums to be held by Mortgagee
<br />in trust to pay said ground rents, prsiJ ums, taxes and specW' assrssments-
<br />(bi The aggregate of the amounts payable pu-rsuant 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 />hag items in the t,rder stated:
<br />0) ground rents, taxes. assessments. nrx a:_a other hazard -Insurance premiums;
<br />(n) inter -. t sin the note secured hereby; and
<br />(m) amortization of the principal of said note.
<br />Any deficit-nor in the amount of any surd, aggregate monthly payment shall, unless made good
<br />by the - Mortgagor prior to the rue data ,4f th,- ,Ieexi such paayment, constitute an event of default
<br />under this mortgage. At. Mortgagee's �gjtac.n. M <,rtgagor will pay a "late charge" not exceed-
<br />ing four per L,(-ntum (4 "1' ) +.f any Install rant -hen paid mcere than fifteen (la) days after the
<br />due :date there of 1tn cover the extra ei �, 2n&e :n-volved in handling dehnquentpsynten►tx, but such
<br />"late chaagc" shat' not be parable ctat of th, Imes eds r-f any sale made to satisfy the indebted-
<br />ness securo s1 `acre i *, unless such prcmaeds axe sua'hcient trdidisvharge i tie entire indebtedness and
<br />all doper costs st and expenses se u—eci thew+ •.
<br />3. H the total of the paNm nts suede by the Mortgagor tgagor under (a) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by the Mortgagee, as trusts--, for ground rents, 'tastes and
<br />assesaments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br />can subsequent payments to be made by the Mortgagor for such items or. at Mortgagee's option. as trustee.
<br />shah be reftaaded to Mortgagor.. If, however, such monthly payments shall not be sufficient to pay such
<br />Rem when the same a'bai9 become due and payable, there the Mortgagor shall pas to the Mortgagee, as
<br />ta=Uw, any amount necesssan, to matte up the deficiency within thirty (30) days after written notice from
<br />the Mortgagee stating the amount of the deficiency, which notice may be given by mail. if at any time
<br />the Mortgagur sh" tender to the Mortgagee, in auxrwdance with the provisions of the note secured
<br />. ftdI payment of the entire indebtedness r+eprpstnted 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 />accumidated wades the provisions of ta) of paragraph 2 hervof_ If there shall be a default under any
<br />of the provisions of this mortoge resulting in a public sale of the premises covered hereby, or if the
<br />Wortgegae mires the property otherwise after default. the Mortgagee, as trustee, shall apply, at the
<br />toast of the ; -anent of sna proceedings, or at the time the property is otherwise acaquired. the
<br />anoinal tiles r'omainivS to credit the Ma tgagur 'under (a) of paragraph 2 prmeding, as a credit on the
<br />nVie+res t awrsued and impaid and the balance to the priaripai then remainir4t unpaid on said rote.
<br />4_ The Jim of taxis instrurnerat -shall rrnwm in full force and effect during any T.V,st=x)nement or exten-
<br />s m of the orate of taaa'nwrit of the i :nda-,tatsdrw%s ar hnv loam thereof securers hereby.
<br />S. Re,4hr wA pay all ground rents. Ums is. water rates, and rather aorernmen!tai *_;r
<br />wwAxVW char4m fines, or iniptcaitions. levied upon said premises and that h4.1doe° mill pay all ::axes levied
<br />upon dais _ im tae deb,* w-rurrtd thereby, taigethecr with argy rafter taxes or Uneriu which mac
<br />tee bwwd under the lairs -4 Xtbrasaca vgaawi tear A9os , tw tht lejtal holder ,a3 ;a&Jd pn21e•3; 8l nolr. ola
<br />sovaunt of this lamdobteclrAw. except whet yzrrrta n1 f0t tall war.h stem? lax lb" ,1A fVM ? , molly unclear °G
<br />of 2 x� +r f,. hr ;mac ac St t+t+.rnlatlx Itves t3se sffsa :aa; rKesr3ta th, t », - , h <• At, =rte tr» J':
<br />cWtowl dwr— f team W rt,g et. May ;WY the seaaar.
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