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<br />83- O(j5670
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<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 said premises;
<br />that they are free from encumbrance, except as herein otherwise recited; that the Mortgagor will warrant
<br />and defend the same agaiDBt the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />all rigbts of homestead, all marital ril';l:'.s, either in law or in equity, and all other contingent interests of
<br />the Mortgagor in and to the above.-described premises.
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<br />PRoVIDKD ALWAYS, and these presents are executed and delivered upon the fOllowing conditiollll,
<br />to wit:
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<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from
<br />date at the rate of rh 1 rt cell per centum ( j 3 %) per anIlum on the unpaid balance
<br />until paid. The said principal .&l'1d interest shall be payable at the office of the Loan Guaranty Officer,
<br />Vetel'8Dll Administration Regional Office, Lincoln, Nebruka. or st such other place as the holder of the
<br />note may designate in writing delivered or mailed to the Mortgagor, in monthly installments of
<br />r..." Hundred Tnlrty-SeH'1l ,uld x3/1i>lf)0Ilars \$ ~:\7,1i.5 },commencingonthe First
<br />day of Pec'ember ,1983 ,and continuing on the First
<br />day of each month thereafter untilll&id note is fully paid. except that. if not !lOOner paid. the final pay-
<br />ment of principal ud interest shall be due and payable on the F 1 rst day of November ,
<br />20]:; ; all ao:ordina' to the tel'IJlll of a certain promissory note 01 even date herewith executed by the
<br />said Mortlf&BOr.
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<br />TIle Mortpgor further agrees:
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<br />I. He will pay the indebtedness, aa hereinbefor.. IJroVldt'd. . Privilege is reaerved to prepay at any
<br />time, without pnmuum or fee, the "ntire mdebtedness ur any part thereof not less than the amount of one
<br />installment, or on.. hundred dollan ($100,001, whichev.'r " I....... Pt'i"paym..nl In full :ilbill be credited on
<br />tbe date l'e(.~ived. Partial prepaym..nt, ntb..r than on all installment du.. date, nero not be credited until
<br />the next followlnlllllsta11m..nt due date or thirty day. aft..r ,,"eh prepllyment. whiebevl'r is earlier.
<br />2. Togetller willi, and in addition to, the monthly paym"nts oj prinCIpal and interest payable under
<br />(be teons oj the note secured hereby, Mortgagor w,ll pay to Mortgagee, as trustee (under the leons oj
<br />this trust as hereinafter stated) on llIe Installment due date oj each month until said note is fully paid:
<br />fal A sum equal to the ground rents, If any, next due, plus th.. prl'mlUmS that will next become due
<br />and payable on policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and aaaeaaments rlt"xt due on the mortgag..-d "ropt'rty \ ail as estimated by the Mort-
<br />gqee, and of which the Hortpgor is notifit.d) 1€'Sll all sums already paid therefor divided by
<br />the number of months to elapee before one month IJl"Ior to the date when such ground rents,
<br />premiums. taxes and _ents will become delinquent, such sums to be held by Mortgagee
<br />in trost to pay said ground rents, premiuma, taxes and ",>eeial assessments,
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<br />(b) The aarepte of the amounts payable pun;uant to "ubparagrapb \a) and those payable on the
<br />note aecun!d hereby, shall be paid in a single payment ..aeh month, to be applied to the follow.
<br />ing items in the order stated :
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<br />(I) ground rents. t&xell. auesamcnts,lire and oth.!r hau.rd insurant'e premiums;
<br />( II) intereat on the note socured hereby; and
<br />(Ill) amortization of the principal of said note.
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<br />Auy defJCieraey In th~ &mount. of an)' such aggregate mont-hiy payment shall, unless made good
<br />by the Mortcaaor prior to tbe due date of the next such payment. constitute an event of default
<br />under thi&rnortpae, At Mortpgee's option, Mortgagor will pay a "late charge" not exceed-
<br />ing four per centum (4%) of any inst.al1ment when paid more than fifteen (15) days after the
<br />due date then!Of to cover tlte extra expense in.'Olvt'd in handling delinquent payments, but such
<br />"late ..harp" aball not be payable out of the proceeds of any sale made to satisfy the indebted-
<br />neaa Il4lCUt'ed he...by, uniesa such proceeds are sufficient to discharge the entire indebtednesll and
<br />all proper costa and expenses seeured hereby.
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<br />J. If tlte total of tlte payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br />exceed the amoWlI of paymenls actually made by llIe Mortgagee as trustee for ground rents, taxes and
<br />a.....lIlent$ OrillllUfllllce premiums,as tbe case may be, such excess shall be credited by Ihe Mortgagee
<br />011 IQbseqllent pa)'lIlentll 10 be made by Ibe Mortgagor for such items 0(, at Mortgagee's option, shall be
<br />rllfllllded to !;fortPCor. If, however. !lOcb monlbly payments shall not be 5<1rricient to pay slrch items
<br />..ell the same. shaU becOllle due and payable. Ihen the Mortgagor shall pay to the Mortgagee as (rustee
<br />allY a_t neceSlary to make up the deficiency wilbin Ibirly (30) days after written notice from the
<br />ModPIM stalinl ttle &11101101 Qf tlle deficiency, wbich notice may be l\iven my mail If 'II any lime lhe
<br />.ortplOt shall tender to thil' I.torlpgee, in accordance with the proViSlOllS of Ihe note secured hereby.
<br />fltU paYlIleul of the: ootir... iodebtedrll9J1 repre5ellleG thereby, Ihe Morlgagee as tfllste.! shall, in compuhl1g~
<br />the 4tItOlItd of IJIIclt inMbtt>dne1illO, credit 10 the a(;counl of Iht' Morlgagor any credil balance accumlllalt'd
<br />1lIl48 tIw proviaiOlUl 0.1 (Ol} of piIlfllglapb 2 heRIOt. If mere shall be II detallllundt'. llny of Ih!' l'f\wlsions
<br />,,1 lIti.. 4\OI'tp~ 'Multing," " public saltlollh<! premisft$ eovJi!fed hereby. Of if the Mortgage.. ''''Qlllfes
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