84000466 - Laserfiche WebLink

Browse

$~.--- ~~ao4ss To HAV1; axD To Ilai.~ the same unto the Rortgagee, as herein provided. mortgagor represents to, and covenants with, the Mortgagee, that the t'tim•tgagor has good right to sell and convey said premises; that they are. free from encumbrance, except as hereinothenvise recited ;that the Mortgagor null warrant and defend the same against the lawful claims of all persans wharnsoever. Diartgagor hereby retinquishes all rights of hamestead, ail marital rights, either iu late or in et}uity, and all outer contingent interests of fife ortgagor i.. az,d to the aboro-e:iescrihed premises. PROVIDED ALWa~, and these presents are executed and delivered upon the following conditions;to wit: mortgagat.• agrees to l,iay io the mortgagee, urorder, the aforesaid principal sum with interest from date at the rate of ELL: VET: and SG/100 per centuml~ .SG~o) Iter annum on the unpaid balance until paid. The said principal and interest shall be payable at the afliee of Tower E i nanc3a2, Inc. in i.inco2r., 2tehraska , or at such other place as the halder of the Hate may designate in writing delivered or mailed to the A!m•tgagor, in monthly installments of5E46s 11LP7)?RED and 41/100 Dollars ($ ; 00.41 ). camrnencing rot the fit•st day of Parch . 29 gy and continuing on the first day of each month Thereafter until saiaf Hate is fully paid, except thai, if not saoner paid, the final 1}ayment of principal and interest shall be dac anti payable on the lirst day of February, 1944 :all accarding to the teems of a certain prumissori• note of even date herewith executed by the said Mortgagor. The mortgagor further agrees L He will pay the mdabtedttess, as L•ereittbcfure provided. i'r-ivilege is reserved to prepay at-any lima, ;vithout premium ar tea the mitre indebtedness ur anti part thereof Hai less thant}ze amount of one installment, ar one hundred dollars t$200.00), whichever is less. Prepayment in full shall be credited on the date received. Partial prepayment, other than on an installment due date, need net be credited until the nest following installment due date or thirty days after such prepayment, whichever is earlier. 2. Together w-itit, and in addition to.:-te manthly payments of principal and interest payable under the terms of the note secured hereby, lliot•fgagor will pay to mattgagoe, as ttvstee, (under the terms of this trust as hereinafter stated} on the first day of each month until said note is fully paid: (a) A sum etluttl to the r~•ound rents, if ant•, next clue, plus the premiums that will next become due and payable un policies o#` #ire and other hazard insurance eavertng the martgaged property, plus taxes anti az_ssessmenrs next due on fife mortgaged prapert~~- {alt as estimated by the mart- gagf'N, xml of tt~hidt tffta Dortgagor is notitird) Lss all sums zth'eady paid therefor divided by the number:af months to rlal).SE bofor•c uue mauth prior to the date when such ground rents, premiums, taxes and assessments will ba-c•ome delve#uent, such sums to be held by tl4artgagee in trust to pa}- Sairi ground rents. premiums, taxes and special assessments. (h) The aggrrgatc of the ttrnaunts pa~~abic par,uant to subparagraph {a} and those payable on the oats sec ure,9 hereby, shad be paid in a single pad-meet each month, to be applied to the follow- ingitems inthe oilier slated (t) ground r,~nts, taxes, assessuents. }ire anti uthc'r hazard insurance premiums• tIt) intc•r'est on the nuts sec•ua°ed hereby; e~tci Int) ~urwrtizatian at the principal of said t:ota. tiny dciiciencr nt fire aunnturt a#' any such aggregate tttontitly payment shall, unless made good by the tilortgagor pt•iaz' to the due date of the next such payment, cr!nstitute an event of default tinder this murlgage. at Alarigagee's option, Mortgagor will pay a "late charge" not exceed- ing four leer e~•nturn (-l°~) of an,r install meat when paid mare than fifteen i lb) days after the due data thereof to cost^r the , :atrn e~peuso involved in handlingdelinquent payments4, but such "late ehzuga" ,hail flat be pa_r-abic rntt of the proceeds of any sale made to satisfy the indebted- ness secured hereby, fatless such proceeds are sufficient to discharge the entire indebtedness and all proper casts and expenses secured thereby. 3. If the total of the payments made by the ~iortgagar under {a) of paragraph 2 preceding shall exceed the amount of payments actually made by the 1Sm•tgagee, as trustee, far ground rents, taxes anti assessments ar insurance premiums, as the case may be, such excess shall he credited by the mortgagee on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee, shall be refunded to cliortgagor. if, ho><vever, such monthly payments shall not be sufficient to pay such items when the same shall become due and payable, then the bIartgagor shall pay to the Mortgagee, as trustee, any amouni uece.5sazy tv make up the detcieney within thirty (30) days after written noticefrom the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time the mortgagor shaIl tender to the mortgagee, in aecardance with the provisians ot" the note secured hereby, foil payment of the entire indebtedness represented thereby, the mortgagee, as trustee, shall, in computing the amount of such indebtedness, credit to the account of the Mortgagor any f:redit balance accumulated under the provisions of (a} of paragraph 2 hereof. if there sha31 be a default under any of the provisians of this mortgage resulting in a public sale of the premises covered hereby, ar if the Mortgagee acquires the property otherwise after default; the itort.gagee, as trustt~, shall .ipply, ;tt the tied of the commencement of such proceedings, or xt the time rho property is otherwise acquired, fife anmtutt then remaining to credit the mortgagor under {a) of paragraph 2 preceding, as a credit on the interest accrued and unpaid and the balance to tfte principal then remaining unpaid on said note, d. The lien of tftia instrument shat! remain in fall force and of€ect during any pastlxxfement ar exten- sion of the nine of payment of the indc.btcxiocarss or any hart tlterectf si~cured hereby. ci, Hie will pay ell ground zwnts, taxes, asstssments, :eater ratz3s, and other gavcntmenial ar mtmici- pal cbargtts, finis, or impositions, levied u}x:»t said premises and that he to=ill pay ail taxes levied upon tills mart#tag~ or fife debt seeur€d tlter•telry, #ttgethe r witty env atttcr lases ar asse_~me,nts ~> hic•lt may be levieet undartkteiaweut?~oErrat„skaagrtinst the ~Iartgxgee.or khe legal holel~r+,i said }trincihat tzote. z.n aecormt of title itndatitc~iturrr, s>xcxrat v+Iae•at pa3~satettt 1'tzr i,',l such itsnrs has theresurfare lt~n tnatlt, undfrt° t;r ) ai para- graph~~. ltt»ri~zf. rind he twill parimitt.it +i.~tiv^er thf ._tii`n:iat r<razpt~s fhe?rvfor io tJfe; ~IrsrtgagcFk. In da-fault tiTUrr+sf #!i+• ?tort,~agt ~ nYay iwy the same.