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<br />83- 002558
<br />To HAVE AND To HOLD the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, the Mortgagee, that the Mortgagor has good right to sell and convey saidptemises;
<br />that. they are free from encumbrance, except as hereinotherwise recited; that the Mortgagor will warrant
<br />and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby reiinquishes
<br />allr'ights of homestead, aU marital rights, eithcrin law or in equity, and all other contingent interests of
<br />theMorl~gor in and to the aoove"described premises.
<br />PIloVlDlID ALWAYS, and these presents are eJtecuted and delivered upon the fQllowingconditions"to
<br />wit:
<br />
<br />Mortgagor agrees to pay to the Mortgage<:!, or order, the aforesaid principal sum with interest from date
<br />at the rate of eleven and one lis if per centum it. 5~) per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the offke of a o~tidU~~c~1nlffis of Lincoln
<br />in I.incoln, Nebraska , or at such other place he holder of the note may designate in
<br />writing delivered or mailed to the Mortgagor, in monthly installments of T~~'IoMundred Ninety Six and
<br />Dollars ($ 396.12). commencing on the first day of July ,1983 ,and continuing on
<br />the firstday of each month thereafter until Raid note is fully paid, except that, if not sooner paid" the final
<br />payment of principal and interest Rhall be due and payable on the first day of June ,2u13 ; all
<br />aceording to the terms of a cHtain promissOl'Y not<l of even daw hN"Cwith executed by the said Mortgagor.
<br />
<br />The Mortgagor furth,'r agrf,es:
<br />1. He will pay the indf'btednesi!, as hHl'inbeforc provided. Privi/I,ge is reser\'ed to prepay at any
<br />time, without premium OJ' fee, the ,'ntirc ind,.bt,'dness "1' any part thereof not less than the amount of one
<br />installmt'ut, or one hundred dollars ($100.00), whichever is less, Prepayment in full shall be credited on
<br />the date receiVt'd. Partial prepaymt'nt, other than on an installment due daw, need not be credited until
<br />the next following installment due dat.' or thirty days after such prepayment, whichever is earlier.
<br />
<br />2. Together with. and in addition to, the monthly payment.q of principal and interest payable under
<br />the tcnm of the note s<'Cured hereby, Mortgagor will pay to Mortgagee, as trul>We, (under the terms of this
<br />trust all hereillafwr stated) on the I1rst day of each month until said note is fully paid:
<br />(a) A sum ('quai to the g-round rl'ut3. if 'illY, next due. plus the premiums that will next become due
<br />and paY<lble un pnlicies Hf fin' und <,thl,r hazard insurance co,"('ring the mortgaged property,
<br />plus taxes and assessments next due on the mortgaged property (all as estimared by the Mort-
<br />gagei'. and of whit'h the ]If"rtgagor is notlril'd) 1'.',5 all ,<urns ail','ady Pllid therefor divided by
<br />the num!.><,r of mvnths to dapse before On,' month prior to the dare when su(,h ground rents.
<br />premilllIh~. t~,ws amI aSSPSSml'nt3 will h,'corn,' <k1inlluent, such sums to be held by Mortgagee
<br />in tnlst to PIIY said !{rolll1d n'nts, prellllums. taXi'S ami sjR,<,illlnssessment8,
<br />(Ill The aggn'gat" of th., am"tlllts j1ayabl" pursuant to sllbl1aragl'allh (a) and those payable on the
<br />note sv(~urt'll hen'h:..., shall 1<<: pail! in a C'ling:h~ p.aynwHt t'::\.ch rnonth, to be applied to the follow..
<br />ing items in the order "t.atNl:
<br />0) grfmnd n'nts. taxf'~, d.$.~i':<s-n-h.'nts. \In' and nthPf hazard insu)~auee premiums;
<br />{H) i!llt~n:~t 0.11 the nnt~' St~tu.r~..tt IWI'f:by; nnd
<br />OIl) ~lIlt(H"t izat!on of tilt:. pnH~'ip.ai uf :-<..aid llute,
<br />Any nefhjFB.cy in thl,-:' alHo-unt ()f an..f .:-;uch ~.tggreJ;rate !lloHthly payment shall, unless made good
<br />hy the ~h-'ftg.agnl' prior to tilt' dlh~ date of the Hf~xt such J1!lyment. constitute an event of default
<br />under this m(,rtgagc. At ,'\lortgag,',,'s "ptio", ~!orlgagol' will pay II "late charge" not exceed-
<br />ing fotil' {WI' CPltll1l11 (4 ,; ) or any "1>lall nH'tlt '.\ hen paid mol''' than fifteen (15) days after the
<br />due datt~ tht~j'l.'tjf to tOW'.-!' t.h~~ l..<dra i~XP4,;HSt' In\ tJh'('d in handling ddinquent payrnents.. but suc-h
<br /><'late eharg,:' shaUn<!t be pa,\.llble out nr the pro"l'l,<l" of any salt' mad" to satisfy the in(k'bted-
<br />neSll S<":Ul'!.'<! hen'by, unll'SlI such pn"'{'",l,, an' ,;uilki,'nt to discharge th" entire indebtedness and
<br />all proper tosts and (.xp;;nses seen n'd thl'rl'by.
<br />
<br />S. If the total of the paymellta made by the Mortgagor under (a) of paragraph 2 preceding shall
<br />exceed the amount of pa)'lllenta actually made by the Mortgagee, as trustee. for ground rents, taxes and
<br />a.~&lltll or insurance pl'emiuIDB. as the case may be, su('.h exces.q shall he credited by the Mortgagee
<br />Oil subsequent payment8 to be made by the Mortgagor for such iwms or, at l'rfortgagee's option. as trustee,
<br />shall be refunded to Mortgagor. If, however, sllch monthly payments shall not be sufficient to pay such
<br />ltema when the same shall become due and payable. thl'll the Mortgagvr shall pay to the Mortgagee, as
<br />trustee. any amount nef..'essary t.o make up the deficiency within thirty (30) days after writum notice from
<br />the Xo~ stating the amount of the defICiency. which notice may be given by mail. If at any time
<br />the Mortgagor shall tend!!.r to the :Mortgagee. in accnnlance with the pmvisions of the not(~ s<!Cured
<br />hjlNby, full payment of the entire indebtedness represented thereby, the 1I10rtgagee, as trustee, shall,
<br />in computing the amount of such indebt.edne&;, Cl'l'liit to the account of the Mortgagor any credit balance
<br />aecumulated uud", the pro\'ilJions of ta) of paragraph 2 hen-of. If there shall be a default under any
<br />of the provisioll.5of this ~e resulting in a public sale of the premises cow:r('<l hereby, or if the
<br />.~ acquil'ell the properly otherwiSl! after default. the 1I10rtgag("!, a.s trusk>e, "hall apply, at the
<br />ti~ofthe com~etl'l~llt of sucl1.proceedings, or at the tima the prolll'rty is otherwise acquired, the
<br />~..thlm rtl1JI&iuing to eredit the Mort.gagor under (a) of paragraph 2 preeeding, liB a aedit 011 the
<br />1~~~UllpaW. and the balance to the principal then remaining unpaid vn said 110te,
<br />
<br />4. The lien of this illlltrunW'nt shan remain ineull fOTe'l and dfed during ally lK>st(Xll1emel1t or exten'
<br />~tm.ldUwtime of jOllytuent of the indewduc"" or an). pari tber<1o( 5f.!CUn'<l herebj',
<br />
<br />i.Hewill llily ;1011 ground r,mta, ta.Xl.'$, a.j!.lWllMlellt8, ""tel' raWs, and otha govC'l:llll1ental or nlunid-
<br />Jl:llol(l~l~_ <It' irllJM.l$iik'Illl, levied llpll!l 8IIld pmmi_ and that he will pay all tt'Xes ill"i,,,l "ll(ln this
<br />~~w;thi<d"l)t ~\!r.,.ltbueQY, tog(,th",r with allY 'Ither hiXI1S or .ll$iWllllments which ma.y' be levicd
<br />l,l~~ltW.llfN(lbruka.l\g..il:Vlittlw MQr!.ll;ll.gl~, or thelllglll hold"r "r ..ain prllldpal note, <'1l11CCount of
<br />~bl~..~~).lt wh1.;npaynumt rvtllllllllch iWmll hu therd"!",,, !"X'll Inad,'tmdet (II). {If para-
<br />(l'aph :i!~~f, a.nd h<l w.lH f.romptly d.,liver Ih,) ,,/fleiaj r,,,,,"ipllI U",."".J"" t" tll" );fnngagl~. In d<1faull
<br />tbt'P>l>tthe Ml>l't~ IMy pay th.) :!IIim,).
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