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<br />To l AxT AND To i3da D the same until the Mvittgagee. as herein provid!:-d. Mortgagor :represents to,
<br />and with, the Idrortgageee, that the : Mortgagor has good right to sell and convey said premises;
<br />hat they gar free {warn emtambrance„ except as :herein otherwise recited ; that the M cxrtgagror wall warrant
<br />t e°snme Aganaft the laalW t biros of all persons x'homsveves Vi >origsgor �y x elinguishes
<br />0 *bt)s i : .all marital Tq*ts, eather in law or im equity., and 411= othex,00ntingetat"interests of
<br />$ue XwigWr -r . issid to tie *bove- described :premise.,.
<br />Pttt ALwaYS „and these presents are executed and delivered upon the follow=ing conditions,
<br />Sp Wit:
<br />Kortgagorserees to pay to the Mortgagee, or order the .aforesaid principal sum with interest from
<br />dMe at the rate of "Ten and .One -Half per centum ( 1;0 n) perannumonthe unpaid bola e
<br />aatil prod. 'The .arid principal and interest :shall be payable at the office of the Loan Guaranty O$ice� %
<br />'V .Aeamnimb -atinm Regional Ofice, Lincoln, Nebraska, or at tuck other place as the 'holder of the
<br />sae; mrty designate in writing delivered or mailed to the Mortgagor, in monthly installments of
<br />Three H mdred Eighty -Eight .0 75 / 100Dollars ($ 388.75 ), commencing on the
<br />First day of February , 19 '86, and continuing on the First
<br />day of each .aasonth thereafter -until said note is fully paid, except that, if not sooner paid, the final pay -
<br />ment of pri> i and interest shall be due and payable on the First day of i anuary
<br />2016 .ail :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 in6ebtedness, as hereinbefare provided. Privilege is reserved to prepay at any
<br />tie, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one
<br />installment, or erne hundred ,dollar, ($100.00), whichever is less. Prepayment in full ;hall be credited on
<br />the date received. Partial prepayment., other than con an intstallment clue date, need not be credited until
<br />the next RAI( ins installment due date or thirty days sifter 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 will pay to Mortgagee, as trustee (under the terms of
<br />this trust as'hereina #ter stated) on the installment due date of each month until said note is fully paid:
<br />(a) A sum equal to the ground rents. if any, near due, thus the premiums that -will next, become due
<br />and payable on policies of fire and other hazard insui-ancc covering the mortgaged property,
<br />plus taxes and assessments next due on the mortgaged pro;rerty tali as estimated `L3 the Mort -
<br />gagee, and of w hich the Mortgagor is notified ) less all sums already paid therefor divider: by
<br />the number cif monttts to elapse before one month prior to the date when such ground rents,
<br />premitmts, taxes and assessments becam. delinquent, such cams to be held by Mortgagee
<br />in trustee pay said ground rents, premiums, taxes and epeeist ass «:cements.
<br />(b) The aggregate of the amounts payable pursuant to subparagraph (a) and ttaose payable on the
<br />note secured hereby, shall be paid in a single payment f „ach month, is be applied to the follow-
<br />ing items in the order stated:
<br />(Y) ground mutts, ” taxes, assessments. fire and other hazard insurance prem :ums;
<br />(1i) interest on the note secured hereby; and
<br />dart) amortization of take principal of said note.
<br />Any deficiency in the amount of any such aggregate monthly paynx,rrt shat;, ulrless made good
<br />by the Mortgagor prior to the due data of the next such payment, constitute 2111 event of default
<br />tmderthismort age. Al Mortgagee's option, Mort4miror will pay a "late charge" not exceed -
<br />ing four per centum (4' of any installment when paid more than fifteen (15) days after the
<br />due datethtir4Yo1 tKo c!are'c the Extra relKWtttse iUV(dWA in itattdIir<gdeIittqucat payments, but such
<br />"rate charge" shall rroi [* payabI4- out, of Mw proceeds. cif ar.t sate made t.t, satisfy the tndelet :ed-
<br />ness secured Thereby, unless with pre . :_ s are suffir-jent Lu discharge ihr• rt>i,i ; -e ittde4 t.ednest .ai�e1
<br />r;l pr 4s ;K tr V90U *Md exWannes w curd 6e•r1.6y.
<br />,± 1f the tMal of the paymextts matte try the Mortgagor under (a i of paragraph pyre coin! shah
<br />exe,"d tht° amount of paymemts actually madt, by thr Mortgapt— as trustef for ground rc-nts, taxes and
<br />assessments or insurance premiums. as the case may be. such excess. ,hall be c rediled bu ttw Mortgagee
<br />tat subsequent payments, to tw madt, by the Mortgagor for such itern�• crr. at Mortgagee's opt:or chtall be
<br />ririwn d etc+ 1Kvt dot. lf, hUwever, sut`h m,ontlrly payments shay, trot br sutfrc ;rnl to par arch aiemc
<br />sWl t the flame iihaiil become clue and payable. then the Mortgagor shall }tray to tilt, ki rrtf;iq'c^e gas trustet
<br />Any amosin^: ve(essary to mbihe up the de'ftr rency within thrtip i30) days afto-•t w ;itte °s1 notice from tilt-
<br />MraFtgalt�e statinr th't* a,^.rount of ttae de�fjcien e. which noitc(r mat ite fztirn rz sit i# s+t ant t:meLh
<br />Mfirigagot Shuh, !tmder'to th•e 9huttgage-,f.•, to accordance with the pror...,rur.s or 0 6 note sr. used hr °rrtrz
<br />f l.4 1 air :.,.nt of tlfr c^r+trrr rnr$e tilt l :,z w r+�pr!'sr °need there t)v the Mzlrt€ to : _._ r.> hat i in c t.c :errs.
<br />strtz atrt ;� :un' r.., 3wt`tt .rnGhttiednr :, cit-ail to t), sc.cuus,! rz' *i;e i1Sc ;tftaf ;,,z any ha urn Ns
<br />rrtsilrr t!tk' fsaivt rritrs 4 ( ) r,f ,rroataitsjrh !s.rr. :; If its
<br />gr, rasrr,,q >.. akssrl +a +,�, ,t, s pn4ar, welt' t tli, hr<rt,awr•s a �+ a. ti +.tu,,..,.
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