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<br />To HAVE AND To How the same unto the Mortgagee, as herein proVided.8i;;;ag~ Se~r~2Z to,
<br />and covenants with, the Mortgagee, that the lVrortgagor has good right to sell and convey said premises;
<br />that they are froo from encumbrance, except as hereinotherwise recited; that the Mortgagor will warrant
<br />and defend the same against th" lawful claims of all persons whomsocvel'. Mortgagor hereby relinquishes
<br />at! rights of homestead. aU 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 AhWAYS, and these presents are executed and delivered upon the following conditions, to
<br />wit:
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<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principaJ sum with interest from date
<br />at the rate of TIfF.tvF, and 00!l 00 p"r centum 1". OOO~) per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the omce of Commercial Federal Sa vings & Loan Assoc.
<br />in ();r,aha. Nehraska , or at such other place as the holder of the note may designate in
<br />writing delivel-ed or rru,iled to the AIortgagor. in monthly installments of FIVE BUNDRED SEVENTY and 08/100
<br />Dollars ($ 510 .O~ ). commendng on the tirst day of "c tober ,19 8,\ and continuing on
<br />the first day of each month t!wrcafter until said note is fully paid. "xcept that, if lIot sooner paid, the linal
<br />payment of principal and 'lllerest shall he due and payable on tl", 111.gt da.I' of September. 1998 ; all
<br />according to the terms of a certain pl'omissolT note of eV(ln date ht-re\l,rith executed by the said Mortgagor.
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<br />The Mortgagor fUl'tlwr agTf'€S:
<br />1. He wiiI pay the ind-t'htf'dn{~s$;, as herf'inbelnn' provided. Privilege is Yeser\'ed to prepay at any
<br />time, without pr1:>miurn (11' ff'(', thf' pntln~ inddJt('dnps.s or any part t1wreof not less than the amount of one
<br />installment, or one hundred dollars ($100.001. whichf'ver is less. Prf'payment in full shall be credited on
<br />the date received. Partial prepayment. other than on an installment due dat", need not be credited until
<br />the next followmg installment due date or thirty days aft"r such prepayment. whichever is earlier.
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<br />2. Together with, and in addition to. the monthly payments of principal and interest payable under
<br />the (.(,rm5 of the not,. s<,<,,,red hereby, }fortgagor Will pay tn MOl"tv:agL'€. as trustee, (unde,' the terms of this
<br />trt18t as hereinafter stated) nn the first day of each month until said note is fully paid:
<br />(a) .A sum (~-luai to trw )!r!.lHod n~nts. if ililY, IH'xt dU{l. plus the prpminm..r.; that will next become due
<br />and pn.\'abk~ f.n POliCh'::! /.f tir'i' and lIt.her ha/.ard Hl:iUranCp t'o\"t:'ring the mortgaged property,
<br />Jllus iaxpg .md ;t~Sf'ssnll'nt.<..; next dllt' lIB thl' nwrtga~t'd pt~~p(~rt~' tail as est.imat.ed by thl~ l\fort-
<br />gag~r-. ulld nf <,\ hidl tht, \fnt.ts.;a~or I:~, 1]fltHkd) ],'ss all ~ums aJrpady paid therefor divided by
<br />the numb\'f III munths tn , jap:,!' l,,'lon' OIH' mOHth prJOt tn the date when :::inch ground rents,
<br />premiums. !n.Xf\S and ~~~-;'l,""':-1H1'1lt;.; .;n!l il1'i,'Otllt' dt"linqlH~tH. sneil tWIns to bt;- held by 1\fol'tgagel~
<br />in trust to p.ay sald ground rHlt:-\. }H'(,llUHlllS. taxt':>. and sfweial assessments.
<br />fo} The l-lgg-rq.;:ttl' ;)f ~!w ;~t11lJllnt.s payahll.' pursuant to :-iHhpal':lg-raph fa) and those payable on thl~
<br />:wte ~N:UF'd hq'I>!J~'. :--:hall hr' pa~d ~n II ~in~l,-' paYHWUl t.aeh month. to be appUt~d to the follow-
<br />,ng item~ in tb,; I:nit:.rstatt,'d:
<br />(!) .KT('UIld r(-.'nt~. taxi's, ~t~~t'_-;,.;,nwlJL",. ;!ty. and lither hazard !Usuranee pn~miums;
<br />t 11) itlt{-'r(-:~t pn tht3 !luh" "'e\:u-n'd h~'rd)y; and
<br />-(fll) amnrtizat~on :'( tht'" pnn('j:f<.~1 of :-<Hid !lott'_
<br />Auy denCt'tH~.'" ,n tb. ;UHulWt \If ;'H-..} .'lId! a~n{rq{atp monthly paY1l1Put shoal!. unless made good
<br />by tht, :\-lortllt.J,gOI' pnOf h) th~~ due- dah' of thB tH;"xt such jiaymf-llt. constitute an event of d{~fau1t
<br />under tins mortgage. At .}!Hrt.gaR"t:t~'l'\ opt.ion. :\!nrtgag-or will pay a "late tharge" not exceed-
<br />ing fout' ilt.:-t" n.'1!tum f.1',~ ) u( any insh.dJ mt~I1t ",..hen pa.id mon." than fifteen (15) days afler the
<br />Jue date lIw.r~~uf tu fOh'!' tIlt-' ~.xtra I.'XPt,'H:>.l.' !n\'nl\"t.~d '\J handliu1t delinquent payments. but such
<br />"lau~ {,.'hargt:" .shaH ndt. he payauk: liUt qf thp pro{~t't'd~ of llUY ~ale rnude to satisfy the indebted.
<br />nes.s St~uf't:~i hen.,'uy. unl<~StS such pt't.K:6~d.s an' s-utlklt'flt tu tlisi.'harge the entire indebtednes.sand
<br />aU prol:M:~r tosts lUlll l'Xlk"llSVS ~('1..'urt.d tht.t"t'-by,
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<br />3. If the tot.&! of the ~"ffient... made by the Mortgagor und,'r (a) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by thto ~fortgagee, as truslee. for !.'1'<luud rents, taxes an.1
<br />aaseasmenta or insul'l\nL'e premiums. as the <,asc m~v be. such exce"" shall be credited by the Mortgagl'e
<br />on subsequent payments to be made by the Mortgagor for such items or. nt Mortgal<',e's option, as trustee,
<br />aha.ll be :refunded to Mortgagor. If, however. such mouthly payments shail not be sufficient to p";' such
<br />itel'M when the same shall become due and payable. th"n the Mortgagor ,hall pay to the Mortgaget', as
<br />trustee. any amount nee<.'SSary to make up the deftci.'ncy within thirty (80) days after wrill.", notice from
<br />the :Mortcqee stating th" amount of thto deficiency, which notice may be given by mail. If at any time
<br />the Mortcaa'or shall tender to the Mortgagee, in accol~!anc'. \\"lth the Jll"Ovisious of the note ;;''<.'''''1'01
<br />hereby, full payment of the entire indebtt:-dne.ss rep,...sented thereby. the Mortgagee, a..~ trustee, shall.
<br />in computina the amount (If such indebtedness, CI'l'<.lit to the account of the Mortgagor any credit balance
<br />lIOOumulated under the provisions of (a) of paragraph 2 hen",!. If there shall be a default under any
<br />of the provi&ionA of this mortgage resulting in a puhlic sale of the premises c<lvered hen'hy, or if the
<br />:M~ a<:ql1ires the property otherwi~ after default, the Mortgagee. as tl'llSU."', shall apply, at the
<br />time of the c_ement of sucb proceedings, or at the timto the property is otherwise acquired, th"
<br />alIIOUIltthen remainina to credit the ~{ortgagor under (a) of paragraph2 preceding, as a credit Oil the
<br />intet8t tm:rued and unpaid and the balance to th~principa( then rt'maining unpaid on said note,
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<br />.1. The l~n of this instrulIl<!l1t shall remain in full furce and elf,'COt during allY p"slpoullment or exten-
<br />s.km of the time of rlalilllellt of the indebu.odneM or any part therw,t" secured her"by,
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<br />5. lie will pay all ground rentll. \.axel!, Wilitllillments. water rntell, and othet' "....'''''rnmllntal or munie.-
<br />pa1e~ 1lnlM, otimpt>3itiollll, l;,vied uppn llaidl)J!t'lni~!3 and that he will pay ull t"Xf.~g l!!vied upon this
<br />~ ()f'.ti1tI debt lIlICUred thohlby, tOllethllr with llflY other tll.~es or ll."l8ellllln<<ot.g which m.l,)' be levied
<br />~ the u.Wa<lf N~.lla.~nl\t the MQ!,~ or the legal hoMeI' flf said principal not... em !,',.."unt of
<br />tliill~_, e.l<<:..vt wh~n Il"ym'mt fur...J1 "urn ;OOIDS hall th"re(ot"ore b<."m mad,> llllde,' (11) p( JllU'a.
<br />It,.ph :>. h~"",f, and h.. will fH"OIll)Jtly delivflf tlw"tlleial rec"ipt<l t!wN'for to the )lnl'tgagl!'<!. III d..fault
<br />th.;.rooftM)lmiltl'li.... nUl}' )Jay the Qm,,_
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