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<br />Tr~ H \\'1-: \NJI1\. IIp!.!) till' sall1p Ulltll tilt' ::\ftil'tl!;l~'-'" ;1;-; 1It'I<I'11l Pl,o\'jdl"li. :\ffJrtgagor repn'i.I'llts t".
<br />alJd ('O..dlallt....; with, tll!' Mort~:q.~..t'. that UIl' <\I!llt;...':;t~r.ll' ha:-; g-ood I'lj.dlt to ~,j'll awl cOllver .::iaid IU't:llli:{(.;-;;
<br />that tilt'.\' an' rn'l~ frll'll! !'flCUlHlH':.lnCl'. I'X~ypt as Ill"l'l'iJlQlli!"1'\\ l.":,t' l't'citt.'d; that tlH' Mm'tgagor will warrant
<br />and dl'l\'od ttw SaHlt' ag'ainst till' tn',' roll, laims of alllkr:;nll.:i \\:homS()('Vl'I" .:\Iol'tg-agor hereby loclin<luishes
<br />~tfl right:') 411' hotnl'stl'ad. all lIlarlt~d rl;...dd:{, .,iHw!' ill !aI,' HI' illl'ljuily. and all oUWI' cuntingent illt-crj~sls- of
<br />the ~\IoriJXag'{-)J' in aJHllo tlh~ abo\"I'-d(':"i('l'iJwd pj'!'mi."iv~,
<br />PROVJ[)ED Al.WAYS, a[l(l tllese presel1ls are e"ecutd and deli,'ered upon the following conditions, to
<br />wit:
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<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal 8Um with
<br />interest from date at the rate of Ten and Three-Tenths per centum ( 10.3,) per annum for pay-
<br />ments 1 through 35 and thereafter at the rate of 10.75 percent per annum 'on the un-
<br />paid balance unti.l paid. The said princip::\l and interest shall be payable at the office of
<br />Superior Mortgage, Tnc, in Grand Island, NE , or at such other place
<br />as the holder of the note may d.pc;t.qnat.p in writino delivered or mailed to the. Mortgagor, in
<br />monthly installments of $341.93poUars ($ 341.93 ), commencing on
<br />the first day of November , 19 83, and continuing 'on the first day of each -month- -there-
<br />after for the first 35 regularly scheduled monthly installments and thereafter $354.20
<br />, Dollars ($ J54. 20 ) on the first Ost) day of each month beginning 10/1 '
<br />1986, unt.ll sald note is fufly paid, except that, if not: sooner paid, the final payment of
<br />principal and interest shall oe due and payable on the first day of October, 2013-1 all
<br />according to the terms of a certa in promissory note of even date herewith executed by - the
<br />said Mortgagor.
<br />
<br />The MOl'tgagor (urther agr"e"
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<br />L He will pay ll", I1l1h'b(o,r\",',s, as hen'lnberor" provlllt'IL Privilege is reserved to prepay at any
<br />time, withuut pl'l'millm or (",,, the ,'ntll'e 11lIlvbt,'dnps:i or allY part thereof not less than the amount of one
<br />installment, or one hundred dollars 1$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 />lh., next folloWIOl( installment due date ur thirty days "fter such prepayment. whichever is earlier,
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<br />2, Together with, and in addition to,'", monthly payments of principal and interest payable under
<br />the terms of the note secured hereby, ~Io,.t"agur wlil pay to Mortgagee, as trustee, (under the terms of this
<br />trust as hereinafter stated) on the tirst day of each month until said note is fully paid:
<br />
<br />(a) A sum e<lllal to the grollnd rents, It allY, next dlle, pIns the premiums that will next become due
<br />and payabl.. "n polici..s of tir'! and other hazard insurance eovHing the mortgaged property,
<br />plus taxes alld assessments nex t dllP on thp mortgaged property (all as estimated by the Mort-
<br />gagee, and of which the ~Iortgagor IS notilied) less all slims already paid therefor divided by
<br />the number of months to Plapse before ""l' mOllth prior to the date when such ground rents,
<br />premiums, taXt'S and aSSt'ssnwllts will b,'rome deiinquent, such Slims to be held by Mortgagee
<br />in trust to pay .said ground n'lll~. premiums. taxes and special assessments.
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<br />(b) The aggregate "f the anll!unts payabk' pllrsuant to subparagraph (a) and those payable on the
<br />note Secllrl',j hereby, shall be Imid >!I a single payment each month, to be applied to the follow-
<br />ing items ill the order stated:
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<br />(l) ground rents, tax('s, ass\'s~ml'nl~. !in' antll.Jthel' hazard insurance premiums;
<br />(U) intl'r\'stun the note ~el'un'd hereoy; and
<br />(Ill) amortization of the pnw.:lpal of said nole.
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<br />Any detiti,incy in the aUillunl of any :-;uth aggn-g.ate munthly payment shaH. unless made good
<br />by the ~Iortg"gor prillI' to the due dak or the next such payment. constitute an event of default
<br />under this Illortgage. At )Iortgag,'e's "ption, ~Iortgagor will pay l\ "late charge" not exceed-
<br />ing four p"r Ct'IItum (I', j of allY d"tall >!Ie'llt whell paid more than fifteen (15) days after the
<br />due dall' lht'reo!' to cO,"pr the .'xtra ,'''pe'ns" lIlvolwd in handling delinquent payments, but such
<br />"late chargc" shall not be payable out of tht> procceds of any sale made to satisfy the indebted-
<br />ness s<:curcd h,'n'by, unless such proceeds arc sulliciellt to discharge the entire indebtedness and
<br />all proper cost,; and e"!l<'nSt's s<,cul'ed t!,,'reby,
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<br />3, If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by the Mortgagee, 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 />shall 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 Mortgagor shall pay to the Mortgagee, as
<br />trustee, any amount necessary to make up the deliciency within thirty (30) days after written notice from
<br />the Mor1;gagee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br />the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured
<br />hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall,
<br />in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br />accumulated under the provisions of (a) of paragraph 2 hereof. It there shall be a default under any
<br />of the provisioM of this mortgage resulting in a public sale of the premises covered hereby, or if the
<br />~rtca&ee acquires the property otherwise after default, the Mortgagee, as trustee, shall apply, at the
<br />time ot the coDunellcement of $uch proceedings, or at the time the property is otherwise acquired, the
<br />amount then remajnin' to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the
<br />intereataccrued and unpaid and the balance to the principal then remaining unpaid on said note.
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<br />4. Thlllien of this inst!'ument shall remain in full force and effect during any postponement or exten-
<br />sion of the time of payment of the indebtednes.s or any part thereof secured hereby.
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<br />6. He will PiQ' all ground "ents, taxes, 1l.Sll<!I<S11'ents, waleI' rates, and other governmental or munici-
<br />pall'lmr~, IIMS, or impoaitimlll, Iffvied upon said premlSffS and that he will pay all taxes levied upon this
<br />nwrtglllf'!, or till" deOtllCCUr()d ther"by, together wilh allY other well or aaaellSments which may be levied
<br />under the laws of Nllbraska against the :Mortgagee, or U,e legal holder of said principal note, on account of
<br />thia indt,bt..drW". "!lCe!'t wh"ll purm"lll 1m' all such it"mll hM theretofore b.."" made 11I1d,,1' ('I) of para-
<br />'fal,h \! h""<lof, alid h.. will Pl'olllptly d"lh.", tiw olllcial 1'.",eipt5 therdor hI th.! ~f"rtgalf"':, In default
<br />~rwr tlw M(jrtgaifW may PAY the ume,
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