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<br />84....... 004902
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<br />To HAVE AND To HOLD the same unw the Mortgagee, as herein provided, Mortgagor represents w,
<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 hereinotherwise recited; that the Mortgagor will warrant
<br />and defend the same against the lawful claims of all persons whomsoever, Mortgagor hereby relinqui<ihes
<br />all rights of homestead, all maritsl rights, either in law or in equity, and all other contingent interests of
<br />the Mortgagor in and w the above-described premises.
<br />PIlOV!I)E!) ALWAYS, and these presents are eX\!euted and delivered upon the followingcott4itionB','fu'
<br />wit:
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<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at th" rate ofThirtc-en and One Half per centum (13\ %) per annum on the unpaid balanceuntUpaid.
<br />The said prineipal and int.'rest shall bt> payable at the office of The Equitable Building and Loan J\$SOCiation
<br />in Gran:! lslaai, Nebraska . or at such other plllCe as the holder of the note may dellignate in
<br />writing dl'livered or mail('d to the Mortgagor, in monthly inst"allments of 'lWo HUlldred Seventy Sevenand70/10",~
<br />Dollars ($ 277.70 ), commenting Oil till' first day of , 19 ,and continuing on ..
<br />the tirst day of each month thereafter until 8aid note is fully paid, except that, if not sooner paid, the final
<br />payment of principal and interest shall i..' <1m, and payable on the I1rst day of ; all
<br />according to the t,'!'ms of a certain prnmissory note of even date h"n'1with executed by the said Mortgagor.
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<br />The Mortgall'or fllrther agref.'s:
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<br />L He!s..~e will psy t.~.e indebtednes&. ~ hereinbefore prov1ded. Privilege is reserved to prepay at any-
<br />time, without premium or fee, the entire indebOOdness or any part thereof not less than the amount of one
<br />illBtaUment, or one hundred dollars ($100.00), whichever is less, Prepayment in full shall be credited on the
<br />date receIVed. Partial prepayment, other than on an irultaliment due date. need not be credited until the
<br />next following installment due date or thirty days after 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 />t.he terms of the note s<'Cured iwrl'by, Mortgagor will pay to Mortgaw .as trustee, (under the terms of this
<br />trust lUl hereinafter stated) on the first day of <:,aeh month until "at:; ,."te is fully "aid:
<br />(a) A sum ('.quai to trw g'nmnd rents, if any, IL ;\t :.ine, plw~ .: .~e prpnliums that "rjll next become due
<br />and payabj,. "11 polJdp, nf fin, and other hazard insurance "overing the mortgaged property,
<br />plus laXe!' ,md ;,.c'"e"smefllS next due Dn lhi. mortgaged property {all as estimated by the Mort-
<br />gagee, and 01 ,,'hid! the M(Jj'lll"'RDr lS !1nUfiedi h.'ss all sums already paid therefor divided by
<br />the Hun1b~'r n( rnnnths tv t'laps.-; i}('(on.~ OHe rnoHth prj[H. to the date \,then such ground rents,
<br />premiufiL'J, '''V'8 ilnd ;tSH'SSlllt'llb will bN,nme delinquent, sueh sums to be held by Mortgagee
<br />in trust t(, I'll} ~;'Hd g-round rf'nt-~. prt'nl!UmS1 taxes and special R..'j..'<jcssments.
<br />I&) Th,. i\K!lTf'l[ak d lh,' anmunts payable pllr~u"nt tn subpnragraph (il) and those payable on the
<br />nou~ St.'1::tH~._"d heT+,h\', .shad },1i'~ pald in it ;-;:ln~h' paY_fl1f>Ht paeh rnonth. to. be applif!d tf) the follow-
<br />ing it.erns Hi the !_,,-clef ;~tat('d :
<br />\ I} l.:'TIJHn{l r!..'Hts, l.ax"'s, iiS~I'!8~nH_;'nt-H. nr(>. iHHJ other hazard insurance premiums;
<br />l n} il~tc;'i';~t ..;H- th.: riOto:: ~O?t:ur~,d h('i"d)y; .and
<br />(IU) .HHOf't.i1.!ltii.m of the pnnctpai 01 ;>;.ttid note.
<br />Any de!lt'I\'t1t"y ~!l th(' amount ;.,f :W.Y SlIl:,:ll aggrt').!ate tnonthiy pa.nnent shal1,. unless made good
<br />hy th~~ \lc,rtga.jl{J!' prior tn Uw dUt} date of th'l~ H{).xt such pay-mentf constitute an event of defauit
<br />under i he; n"'l'tgagt'. At Mortgagee's ;,ption, Mflrtgagur will pay a "late charge" not exceed-
<br />Jllt{ 1m',. P"" c<'ntum 1,1 "; i of any 'l1~tall mellt Whell paid mon' than fifteen (15) days after the
<br />due dat(> t h'n'td to Ci)v\'r ttw t:xtra expt:n~e inv~)h'f~d in handling delinquent priyrnent8-, but such
<br />"lat-t' rh<:it'gp" :..hall not ilt.' p;;\yab!t, out of tflt! pro(:(~~'ds 0.[ any sale l'nadc to satisfy the indebt€d-
<br />npS,s $~'('Hn"d hf'ff.'by, unh::'s,s .:;\H.Jj jWC,('_cf!d.s are ;')ultieient to discharge the entire indebtedness and
<br />a.U pn~rwr t'()sts and expt;'-n~t~!) St"'<.:lU't'tl t.h(~reby.
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<br />:~, If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br /><'xceed the amount of payments actually made by the :.fortgage<', as trustee, for ground rents, taxes and
<br />",';.;;m;.;;urefi\.o, Of iru.uranc<.> pr<.>fniuIDs, as ihe case may be, such excess shall be credited by the Mortgagee
<br />on subsequent paJ.'ments to be mad.,; by the Mortgagor for such itema or, at Mortgagee's option, as trustee,
<br />shall be refunded to Mor4ragoL If, however, such montbly payments shall not be sufficient to pay such
<br />items when the sam;; ahall boc<>me due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br />tnl'ltee, any amount ne-c<:,Sl!Ary tu make up the deficiency within thirty (30) days after written notice from
<br />the Mortgagee stating the amount of the deliciency, which notice may be given by mail, If at any time
<br />the Mortcagor shall tender to the Mortgagee, in accordance with the provisiolls or the note s<'Cured
<br />hereby, full payment of the entire indebtedness repr<'ilent.L'<i thereby, the MOI'tgagee. as trustee, shall,
<br />in computing the amount of such indebtedneSB, credit to the account or the Mortgagor any credit balance
<br />a..'cumulated under the provisions of Ill) of paragraph 2 hcn,of. If th(,re shall be a default under any
<br />of the provisio!1il of this mortgage resulting in a public sale of tll(' premises covered hereby, or if the
<br />Mortgagee acquirea the property othenviae after defauit, the Mort2'ngee, as tl'usu"", shall apply, at the
<br />tinw of thtl ccmmencement of sucll proc€'edings, or at the tlIne the prop<!rty is otherwise acquired, the
<br />l1II1Olmt then remainin& to credit the MQrtg8jJor under (a) of paragraph 2 preceding, M a credit 011 the
<br />lntel'el!t accrued and unpaid and th" l:.>ahmce to the principal then n>maining unpaid on said not./!,
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<br />4, The licn of thl;; lnstrum''!)t shaH I'l'main in fuli force and eired dunng any postponellltmt or exten-
<br />sknl of the hme of rmyrn(lnt of the inddJtedness O\'. any nart Hlf:reO[ $(~c-urt.~i hereby.
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<br />5. H_,she will pay all ground renlil, tM.t!li, ~IlnI4, water rates, 'wll other Kov<immeutai or
<br />mllIlicipal d'l~, fiue$, or imPOOtlOUll, levied upon ilIiW premiies and that heist." ...iii pay all ta.xl!lIlev.ed
<br />UpQlllilallW~, or the dt!l:>t secured thereby, together With any other t_ell or a,_llSInent.ll which may
<br />bekMe4 ~tht laM of NlffiraMll aplnit the Mottg~, O! liJ" l('gal holder of illid prmc;pllJ note, un
<br />-owrt (if thillndoote<!n_, ,'xcep! when payment for all such items has theretofore 1)('i!l1 made untlN, il!
<br />of j,.wiiTiiph 2 tmw:' Md h~/a,;~~ wiH p:"{m;ptiy d~!ivef t..~~ ef:t:iciill r~-~~t'lptlt t.h€':r-~f()r to th~? f.:.1nrt;(~t~. in
<br />,h!:fllUlt ~,fth" M"r~' lllilY pay thl< llllme.
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