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ALWAYS, and these presents are executed and delivered upon the following conditions,
<br />to VA:
<br />Meter agrees to ,pay to the Mortgagee, or order, the aforesaid principal sum with interest fraam
<br />date at the rate of Eleven per centum 11 % ) per aimtun on the unpaid balance
<br />t I paid Ire :said :pr ipal and interest shall be payable at the office of -die Loan Guaranty Officer,
<br />Vats ' Regional Office, Lincoln, . ebra", or at such other place as the holder of tine
<br />e may desigrAte in writirg delivered or mailed to the Mortgagor, in monthly installments of
<br />Three -Hundred Nine and Sflll :.DO I)ollar8 -($ Jfl9...50 ) . commencing on the First
<br />da at February , 19 85 ,, .and continuing on the First
<br />day of each mouth thereafter tttii said tote is fully paid, except that, if not sooner paid, the final pay-
<br />ment of Principal and interest shall be due and payable on the First day of January ,
<br />20 1 :6 all according to the terms of a certain promissory note of even date herewith executed he the
<br />saidMortgagwr.
<br />v_
<br />Na ,
<br />The Mortgagor further agrees:
<br />°
<br />1. He will paW the ndebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br />time. without premium or fee, the entire indebtedness or any part thereof not leas than the amount of one
<br />a .
<br />installment. or cane hundred dollar, ($I()0_00't, whichever is less_ Prepayment in full shall be credited on
<br />Line date received. Partial prepayment, other than on an installment due date_ need not be credited until
<br />the next following installment due date or diiriv days after such prepayment, whichever is earlier.
<br />2. 'Together with, and in addition to, the monthly payments of principal and interest payable under
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<br />the terms of the note secured hereby. Mortgagor Will pay to Mortgagee, as trustee (under the terms of
<br />Ibis trust as hereinafter staled) on the installment due date of eacri month until said note is fuLy paid.
<br />(a) A sum equal to the ground rents, of any, next due, plus the premiums that will next. become due
<br />and payable on policies of fire and other hazard :assurance covering the mortgaged property,
<br />plus taxes and assessments next clue on the mortgaged prod is (all as estimated l c the Mort-
<br />gagee, and of which the Mortgagor is notified) less all sums already paid therefor divided by
<br />the number of months to elapse before one month prior to the date whey such ground rents,
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<br />premiums, taxes and assessments will become delinquent., such sums to be held he Mortgagee
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<br />in trust to pay said ground renias, premiums, taxes and spf:eial assessments.
<br />(b) The aggregate of the amounts payable pursuant to subparagraph ; a) and those payable on the
<br />noose secured .hereby, shall be paid in a single payment each month, to be applied to the follow -
<br />ing items :in the order stated:
<br />(3) ground rents. taxes, assessments, fire and other hazard insurance pmmiurns;
<br />W) interest on the note secured hereby; and
<br />(Lit) amortization of the principal of said note.
<br />Any deficiency in the amount of any such aggregate monthly pay Went shall, unless made goad
<br />by the Mortgagor prior to the due date of the next such payrr#ent, constitute ar, event of default
<br />ursder this morkpfe. At. Mortgagee's option, Mortgagor will pay a "late charge" not extra :d -
<br />ing four per renturn f 4 rr j of any installment when paid .more: than fifteen t I ) days after the
<br />due date thereof to cower the extra expense involved in handling delinquent payments, but such
<br />"late charge" shall not IN. Payable out, of the proceeds of ant- sale made to satisfy the indebted -
<br />nem secured hereby, unless such prod -eds are sufficierlt to discharge the ent -ire indebt:edItess and
<br />all prxaper costs and expenses secured hereby.
<br />3, ii the tyros] of the payments made by the Mortgagor under ";a) of paragraph _' preceding shall
<br />exceed the 2imourat of :psymenis actually made ii)N tl #e the as trustee for ground Ten's. taxes and
<br />asae",megit& rT7frnSUftan{'P. premiums, a% the case may' be, such a %i'N &S stlail be c'redited bl' colt' 'kiuYtgal;ef'
<br />oft tltlCdnt :pavtnents 10 be made by ttae Mortgagot for such items Ur. tat r oitgagee's Dpuon. shall bt,
<br />m 1,4
<br />1tfnY8 10 %Wpgot, If, howl "ves, such monthly pavents shrill not be sufi3('7ent to 5t3f'h ttP
<br />whera the sane shall olne ;iul' and payable, then the Mortgagor shall pay tea the Mort a ec s, t;tistef.
<br />avy atiRl unt E;tr! ("",Scar} to mik-t sits the detlr:tnCy Within tbirtV 1.10, davti Alt, %vt0fe ll lv) "w 3-.nam ttte
<br />ND et %,ijoirig tti-e tairoutat of tote'° defaienry. which notice may 1*= j_iven rii _.,ail Il a1 an% iimethi
<br />Idanvat,#r %hall 1"Of -! tr.) the with the pt(#vo Sin`+ of ibe 'It!. ,+vcu'2 d
<br />full pa(ytnrnt rat $4! ludi-me(tt et 's rr'pre .i•.nted thrtfybt . the mo.. }j'4agv- of ir- S*tf,+r shall. I.n t`�lifsl3lltl %it °,.
<br />rtit 41,uouril 1,3i such I() trw sic ;'.oaii! _ ±IY [- morli'iip ,. d, ^,.� 16 ',
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