<br />F~3~ 00063t~
<br />To HAVE AxD To Iiot,D the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, the Mortgagee, that the Mmrtgagor has good right to sell and convey said Premises;
<br />that they are free from encumbrance, except as hereinotherwise recited ;that the Mortgagor will warrant
<br />and defend the same against the ]awful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, either in law or in equity, and all other contingent interests of
<br />the Mortgagor in and to the above-described premises.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to
<br />Wlt:
<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal stmt with interest from date
<br />at the rate of Eleven per centum ( 11 'o) per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of The United States National Bank of Omaha
<br />in Omaha, Nebraska , or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the b'Iortgagor, in monthly installments of ltao Hundred Ninety-five ~ 52/100ths
<br />Dollars ($295.52 ), commencing on the first day of March > 19g3 ,and continuing on
<br />the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final
<br />payment of principal and interest shall be due and payable on the first clay of February, 1998 ;all
<br />according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of 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 days after 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 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, if any, next due, pies the premiums that will next become due
<br />and payable on policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due ou the mortgaged property (all as estimated by the Mort-
<br />gagee, and of n bleb the Mortgagor is notified) less all sums already paid therefor divided by
<br />the number of months to elapse betbre oue mouth prior to the date rotten such ground rents,
<br />premiums, taxes and assessmeuts kill become delinquent, such sums to be held by Mortgagee
<br />in trust to paJ' sand ground rents, premiums, taxes and special assessments.
<br />(b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the
<br />note secured hereby, shall be paid iu a single payment each month, to be applied to the follow-
<br />ing items in the order stated
<br />{I) ground rents, taxes, assessmeuts, fire and other hazard insurance ptemiums;
<br />(u) iuteresi on the note secueed hereby ;and
<br />(1n) amortization of the principal of said note.
<br />Any deficiency iu the amount o£ any such aggregate monthly payment shall, unless made good
<br />by the lortgagor prior to the due date of the next such payment, constitute an event of default
<br />under this mortgage, At Mortgagee's option, \lortgagor fvill pay a "]ate charge" not exceed-
<br />ing four per centum (-l ;) of an~• utstaIl ment ~~~hen paid more than fifteen (15) days after the
<br />due date thereof to cover the extra expense. incuhed in handling delinquent payments, but such
<br />`gate charge" shall oat be payable out of the proceeds of any sale made to satisfy the indebted-
<br />ness secured hereby, unless such proceeds are sulticieut to discharge the entire indebtedness and
<br />all proper costs and expenses secured thereby.
<br />3. If the total of the payments made by the Mortgagor under {cz) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by the Dortgagee, as trustee, for ground rents, taxes and
<br />assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br />on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br />shalt be refunded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such
<br />items when the same shall become due and payable, then the ltfortgagor shall pay to the Mortgagee, as
<br />trustee, azty amount necessary to make 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 Mortgagor shall tender to the iliortgagee, in accordance with the provisions of the note secured
<br />hereby, full payment of the entire indebtedness represented thereby, the lortgagee, as trustee, shall,
<br />in computing the amount of such indebtedness, credit to file account of the Mortgagor any credit balance
<br />accumulated under the provisions of (a) 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 premises covered hereby, or if the
<br />Mortgagee acquires the property otherwise after default, the Mortgagee, as trustee, shall apply, at the
<br />time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br />amount then remaining to credit the Mortgagor under {a) of paragraph 2 preceding, as a credit on the
<br />interet:t accrued and unpaid srtd the balance to the principal then remaining unpaid on said note.
<br />$. The lien of this instrument shall remain in full force and effect during any postponement or exten-
<br />sion of the time of payment of the indebtedness ur any part thereof secured hereby.
<br />C>, lIe will gay aq ground tents, taxes, assessments. water rates: and other govornmenta! or munici-
<br />pal charges, fines, ar impositions, levied upon said premises and that he will pay all taxes leveed upon this
<br />mortgage, or the debt sr?curtd thereby, together with any other taxes ar assessments which may be levied
<br />under the laws of Alebraska against the Mortgagee, or the legal holder of said principal note. on account at
<br />tttia indebtedtt~'ss, except ti•hen lxtytnent for all such items has theretofore been made under (n) o£ ltara-
<br />gzraph `.'. lsereof, and he will promptly deliver the atlicial eerai;rts; tlrereCcsr to tha iiortgagt~. - In dra{'~~lt
<br />tltere~ttf thxr MoriRages may puv tk °antc.,
<br />
|