<br />84,---., 006833
<br />
<br />r
<br />
<br />To HAVE AND To HOLD the _ _to ~ )(ortpcee. as herein provided. ~~.. .!IIISD. to.
<br />aad covenants with. the )(~ u.t ~ )(~ has good right to sell aDd CIMlvey said. ~;
<br />that they are free from ~, except as herei~ recited; that the Jhl-w-pr wiD ~
<br />aad defend ~_apinst ~ lawful claims of aU ~ wn-ver. ~ ~ reliltqllf~lI
<br />aU rights _ ~ aU marital rights. either in law w ill equity. aDd all otiaw llImUJ,Lt I ~... fIf
<br />the)(~ ill aDd to the_~~ prGiises.
<br />~ ALWAYS, aDd theRe pI'UeIlU are ~ aDd del~ upea the. fA_.i.. flIq .hl ~~_
<br />wit:
<br />
<br />Mort;gapragrees to pa)' to the ~ M{}rder, the aforesaid principal_ widl.~~."
<br />at thera-te af 'nilEU'E.;md 501100 percent.um (12.5''') perammh'mthe~~ImUlpaW.
<br />The said principahnd interest shalt be payaNe at the ~ of Tover Finaac tal. Inc.
<br />in Lincoln, Nebrub , or at ~h otbJil!' ~M the lwWw,ofttw__~ i'rFp~tJt!'m
<br />writing delivered or mailed to the M<>rtgq:or, in monthly installments of 'N:l fUfilIilD ~"1'Y EmIr MIl S3Ilm
<br />Donars ($ 2'18 "3 ),r-ommendngonthefirstdayof Febru4ry .19 8S.aDd~_
<br />the first day of ear.h month thereafter until saiJ note is fully paid,exce-pt that, if _ SCORer paid. the fiul
<br />payment of principal and interest shall he due and payable on the first day of J al1Wilry. 2015 ; d
<br />according to the terms of a certain promissory note of even date herewith executed by ~ said )(~.
<br />
<br />The )(ortgagilr further agrees:
<br />
<br />L He will pay the indebtf>dness. as her<>inbefore prm-ided. Prhilege is reserved to prepay at lmY
<br />time, without premium or fe..., the entirf> indebtt>dnf>ss Dr any part thereof not Jess than the amount of ODe
<br />inr..all.mmt, or one hun~ dollars 1$100_00). whichever is less_ Prepayment in full sbaU 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 Dr thirty days after such prepayment, whicbewer is eamer.
<br />
<br />2. Together with. and in addition to. he monthly payments of prineipa] and interest payabie UDder
<br />the terms of the note St'Cured hereby, Mort~,ag{}r will pay to Mortgagee, as trustee, (under the terms of this
<br />_t:rnst as hH-einafter stated L<>n-the first dav of each month u;Jtil said IWte is fully paid:
<br />(a.) A sum equal to thl~ ground rents, if any, next due. plus the premiums that will next become d_
<br />and pa)-abJe on policies of firf> and other hazard insurance "overing the ~ property.
<br />plus taxes and assessments next dut' on the mortgaged property (all as estimated by the Mort-
<br />p.geE'1 and of which the Mortgagor is not ifjed l less all sums already paid therefor dividfd by
<br />the number of months to elapse t",foJ"L' om. month prior to the date when stICh ground l'eIlts,
<br />premiums. taxes and assessnwnts wilJ bf'{'omf' delinquent, such sums to be heM by )(ort~
<br />in trust tt' pay said ground J"E,nt.s. pn,miums. taxes and special ~ents.
<br />(Il) The aggregat,.! (,f the amounL~ payable pursuant to subparagraph (a) and those payable on the
<br />nute St'Cun.d ht'!"'.'by, shall be paid in a single payment eJlch month, to be applied to the follow-
<br />ing items in the order stated :
<br />~ 1) ground rents. taxes, 3sSe~~Sm('nts. 111'" and other hazard insurance premiuma;
<br />(1I) intt'l"est on the note seeun.d h(.reby ; and
<br />(Ill) amortization of the principal of ~id note_
<br />.-\ny deiki,,>ncy i:, the amount of any s\Jer, aggregate monthly payment shall, unless made I'OOd
<br />by the :Mortgagor prior to th.> dll<' aate of the next such pa~-ment, constitute an event of deflUilt
<br />under this mortgage_ At Morigagt>e's option. Mortgagor will pay a "late~" not exceed-
<br />ing four per centum (.;r,; ) of any instail ment wn<>n paid more than fifteell (5) da)'S after the
<br />due date thf>!'eof to COVer tn,> .'xtl'a ('XrK'n&.~ iJJ\olwd Hi handling delinquent paymt!nts. butwcl1
<br />":u.te charg,," shall not be payable out of the proce;:-ds of lI.Dy sale mlicie to satisfy the indebted-
<br />Delli! lleCured lh'reby, unless such procf>Nls are sufficient to discharge the entire indeb1iednessand
<br />all proper ,'osts llUld expenlieS secured thereby.
<br />
<br />3. If the total of the payments made by the Mortgagor under (Il) of pIU'.agraph 2 preceding aha1J
<br />e~ the amount of payments actually made by the Mol1gag"t'e, /l.S trustee, for ground rents. tJaxes aoo
<br />IWlCIII!menbl or insurance pN'miuma, /l.S the case may be, such excess shall be credited b)' the JI~
<br />on ~mmt Jl&)-ments to be made by the )(ol1gagor for such items or. at Mo~'s option, as t.rustee,
<br />~ be maDded to Mol1gllgor, If. oowever. such monthly p&)'ments shall not be suffident to pa;,;- meh
<br />i1iem5 when the _ 5lm11 become due and payable, then the MortgAgor shal] pay to the Mortgagee, Il.S
<br />t.ni~, uy amount ntJC~'IaT)' to make up thl' d..ficiency within thil1y (;'>Old..y;; after writu'n lJotice from
<br />the JI~ IItating the amount of the deficiency, which nolice may be given by mail. If at any time
<br />the Jlr.pfj'W" IIhalI teooer to the Mol"tpgee, in at'cordanE"- with the rn'OYiSIOIlS of the not(. s;"{,un~
<br />hereby, full payment of th~ entire indebtedneu represented therctlY. the :Mol1~, IUI trustee. sha.ll.
<br />im oomputing the amount of tmcn indebtednl'1II5, credit to the account of thl' Mortgagor a.ny credit balan('t'
<br />~~ ul'&der the proViliiofU\ of (€I) of parag'rll.l,h 2 ht'N'i}f. I f there shall be a default under any
<br />of the pnlVWoM uf thill m<o~ resulting in a public sal,' of till' premilies ("'\'E'N:'d hereby, or if Uw
<br />:!d~ lOCqUires the property otherwilK' after d,~fl-lult. th.. !\'lortl<iil[(',', a.~ trusti't'. shall allpl~-, ,~l the
<br />ti_ 00' the C<Jmmene.t'mellt ..r !<Ilch procl*'tllllgl!o. nl' at tlw timE' the property illl otht'TVlililt> acquiN:'d. tll{'
<br />~ ti!aI l"1Il!Milling to credlt tn.' MOF..p.{fOl' under (-II) of llllr<tgraph 2 prec,eding, IUI II cn-odit 011 till'
<br />ln~ accl'Uot'd lI.OOi.lIl~j(Ili.nd tilt' ~lJUj(x' 1<.' tI... prirKillaJ tlwn 1'{'ma.lH~ unpaid Ull Mid n(l~',
<br />
<br />4. Thf-lit'n (.! thi~ ifll'h'um"Ht ~h".ll fl'lnlll!1 In full IOJ"("e and df..et dUl"in~ any p""tJ,,;,".'m"1l1 or ".xten.
<br />~1Jf1 Hf th<:' ti~ (If IlfI)>m<'1l1 of HI<' JmJ,.bl.".(juJl1\" "f IWY parI 1 rwn..,f !<{'cured !wr<.b~
<br />
<br />l
<br />
<br />s, H~ ~~'jH r~Y aJl >>rr-ound n"Ht~. t&t)",f'~. ri.~\:!:'\hnit'nt~" vqdt.l'T f'1it.<!'s. and l'rtJH,'r gov*'~-'lHr~~'nl~l or rrHJn4('i~
<br />~ t:hAf'J~:1ifi~ f1n{';~. Of' impHti;;tiIl1li'i. iV,H...d Ufl{I!1 Mid pr~~nl;~;';fi. and thh1 tH' \\'il! jlUY ;.dJ 1a\v" j..\ l~'d VJ~f~IJ rh~)I-;
<br />~-. -(J.t' d{,:b~ ~"i-'ure.,J th~'n'h.\'. 1H~t"1 twr it1! Ji11:,Y ilth~'r LiP;;{':" i'r a.I"_."..f.';'::TI'-L~_~- ,,! !TIM).' ~'M' l~'Ylf,~j
<br />-U-f~rU~' l"w~ ~~~bra.~k~ lliJ[$!Hl1'!,: 1tH' .1l1qr'l_;f.f4.f,j"'J,<iJ "f ;-;,a'; j ;'1')7)': .ti Mil, ItiJt ,If
<br />Ul~:&i tH"n p~.'d'TH'n1 ~'_11 -,r-,. :'-1"1: !;12~'\.' loll p.u.l'IIR
<br />Krll&~_Ftl ..:. Jll pr'_>'nq~~ d~"Jn4;:; 1ii"!~:"! ~lli' "d,'r;tt",\1.~h pf~u11
<br />tl~~~!".' if th-\ M'r~_t!~.{t>"4- ;q,l'J,." p-~: ':
<br />
<br />
<br />
<br />-.J
<br />
|