|
<br />.-
<br />,
<br />
<br />83..JJO 5530
<br />
<br />To HAVBAND To HOLD the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and co~ with. the Mortgagee. that the Mortgagor has llOO<iright to sell and convey said p~;
<br />tllattheY;arefttilfi'iom~ce.~as he~n o~i8llrecited; that the ~ortpgorwin w~t
<br />~~~~~ihiHawtlll.inl!sOfanp~wh~\'e1"' MO~nereW~."
<br />all'~'.bUlf~ianmaritatriP~eRher in law or inequity,and all other eontingeilUn
<br />tM".~JJi'aD~tO.the';~~.preilliaes,.
<br />
<br />
<br />
<br />PJtovIDIIl ALWAYS, and these present4 are executed and delivered upon the following conditions,
<br />to wit:
<br />
<br />Mortpgor aar- to pay to the Mortgagee, o.r order, the aforesaid principal sum with interest from
<br />date at the rate of Twe 1 \'e cmd One -Ha 1 f per centum < 1 2 I! j1,) per annum on the unpaid balance
<br />UDtil paid. The said principal and interest shall be payable at the office of the Loan Guaranty Oftleer,
<br />Veterana Administration Re,ional Offic:c!. Lincoln, Nebraska, or at such other place as the holder of the
<br />no*e may delIipat;e in writing delivered or mailed to the Mortgagor, in monthly in8talbnents of
<br />Four lJundred Forty and 53/100------Oolla1"8 ($ 440.55 ).commencingonthe
<br />Fi rst day of November . 19 83 ,and continuing on the First
<br />day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final pay.
<br />ment of principal and intereat sbaIJ be due and payable on the Fi rs t dlay of October ,
<br />2013 : all aecordinc to the terma of a certain pl'Omillsory note of even date herewith executed by the
<br />said )I0rtpc0r.
<br />The lI0rtpc0r further aar-:
<br />
<br />1. He will pay the indebted_, aa hereinbefore provided, Priviklge is reserved to prepay at any
<br />time, without praUum or fee, the entire indebtednesa or any part thereof not lea than the amount of one
<br />installment, or one hundred dollan< ($100.00), whichever il; 1_. I'n>payment in full &ball be credited on
<br />the dale n!Ceivild. Partial prepayment, other than on an installment due dille, need not be credited until
<br />the DeIt following iDllLallment due dale or thirty days lltUr such prepayment, whichever is earlier.
<br />2. Together with, aDd in addition to. the monthly payments of principal and interest payable under
<br />the lerma of the DOte secured bereby, Mortgagor will pay to Mortgagee. as truslee (under the terms of
<br />this tmst as hereinaIter steted) Ol\ the installment due date of each month until said note is fully paid:
<br /><a) A sum equal to the p'OUnd rents, if an}', next due1 pillS the premiums that will next become due
<br />and payable on policies of fire and other huard insurance t"overlt18' the mortgaged property.
<br />phl,s gxes and .-.menta I14"xt due on the mortgaged property (all as Il&timated by the Mort.
<br />gape. and of which the Mortgagor is notifIed) 1€'S8 all suma already paid therefor dividl>d by
<br />the number of montha b> elapse befon- one month prior to the date when such ground rents,
<br />premiW1d, Well and _enta will b<<ome delinquent. such sums to be held by Mortgagee
<br />HI truat to pay said ITOUnd rents, prt-miums, taxes and sPl'<'ial .........,ssments.
<br />(h) Theaarepteo{ the amounta payable punll&llt to subparagraph (a) and tholle payable on the
<br />note_red hereby, ahalI be paid in a single pll}'ment each month, to be applied to the follow-
<br />Ing itema in the cmler ataWd:
<br />(I) p'OUDd ren'" tax_, uleesments, fire and other hazard insurance premiums;
<br />(II) Interest on the note secured hereby; and
<br />(W) amortiution of the principal of said now,
<br />MY ~y in the amount of any such aggregate monthly payment shall, unless made good
<br />by the MOll ~ prior to the due date of the next such payment. constitute an event oi deiauit
<br />u.~tliJi,-ii'iUJ'-~ At)fo~~'=e""~ M~rt~)r w~U ~y a. "late charge~1 not exceed..
<br />iac fOlU' per centum (4~) of an}' ill8tarlment when paid more than fifteen (15) days after the
<br />due. date theftof to cover the extra expense involved in handling delinquent payments, but such
<br />"late eharp" sbaIJ not be payable Ollt of the pl'OCff.ds of any sale made to satisfy the indebted-
<br />_ _red hereby, unleas such proceeds are sufficient to discharge the entire indebtedneu and
<br />ail ptQper eo.ta and expenses _red b~reby.
<br />3. If the tOUt) of thee paymellts made by the Mortgagor under (a) of paragraph 2 preceding shall
<br />eltceeO the _11fIt of payments actually made by the Mortgagee as trustee for ground rents. taxes and
<br />a"tII!lllllts orillSlUllace p_i\1lllll,asthe case may be, such excess shall be creditedby the Mortgagee
<br />Oft .....eIlt 1*f1lle&tS to be.1Ilade by the Mortgagor for such items or. at Mortgage~'s option. shall be
<br />~to~. If, lloftver. SIlclllllOllthly payments shall not be sufficient to pay such items
<br />wa.tM.lIaIIe sIl:ti1 bec_ due and payable, tbell the Mortgagor shall pay to the Mortgagee as trustl'e
<br />_,.<lIlIIOIlIIt necewllry to make up the deficiency within tbirty (30) days after wri Iten notke from the
<br />.... lllatll\l&ttle IIl1\1O\111t of the deCiciency, wllidl. notice may be I\h'en my maiL If at any time the
<br />lIoltplOf.~ tee4er to the lIhrtgagee, in accordlmc:e wittl the proviSions of the !lute secured hereby,
<br />hdl~t ofMentire i.bledneu r."te!lerlled thereby, the Mortgagee as trustee shall. in <'omputing:
<br />Itt.....t of ncllilldebtlldlless, ('....cillo the account of the MortpgO! !lny erNht balance accumulated
<br />~..,.",_... of (a) of pantgraplt 2 bl!'reof. If there slulll be 11 default under any of tlie prOViSions
<br />Qf this lllOtt... 'ft.wtilll ill a pqbiic &lite of lite p_iaH coveted Il:t'.tetly. or if the Mongaget' acqulles
<br />
|