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<br />84--
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<br />005150
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<br />To HAVE AND To HOLD the same unto the Mortgagee, as herein provided, Mortgagor represents to,
<br />aIld covenants with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises;
<br />that they are free from encuml>rance. except as hereinotherwise recited; that the Mortgagor will warrant
<br />and defend the same against the lawful claims of all persons whomsoever; Mortgagor hereby relinquishes
<br />all rights of h~!!!este.erl, 2-n !!!2:r!t2! :-!ghts~ !~ither in !2.W or in equity, 2nd e.H oth~r contingent L1tereets !)f
<br />the Mo:rtg3gor in and to the above--{kscriood premiseg.
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<br />PRoVIDED ALWAYS. and these presenLq are executed and delivered upon the following conditions,t.o
<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 the rate of FIE"1];;,-nd 15/HX1 per centum ( 11.~ per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the omce of Tower financial, Iuc.
<br />in Lincoln, Nebraska ,or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the Mortgagor, in monthly installments of 1'<1) llJNDRED 1ifIR'IEEN and 94/100
<br />Dollars ($ 21 J. 9!,). commencing on the first day of :\ovember, 19 8~and continuing on
<br />the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final
<br />payment of principal anel interest shall be due and payable on the iirst day of October. 2014 ; all
<br />according to the terms of a certain promissory noh' of even date herewith executed by the said Mortgagor.
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<br />The Mortgagor further agTees:
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<br />1. He will pay thl' indebtedness, as hereinbefore providt'd, Privilege is reserved to prepay at any
<br />time. without premium .lj" fe.', IIH~ t'l1til'e indebt{.dness or any part thereof not less than the amount of one
<br />instailment, or one hundred dollars ($100,00), whichever is less, Prepayment in full sball be credited on
<br />the date received, Purtiai prepayment. other than on an installment due date, need not be credited until
<br />the next foUo.....'ing instai!ment due date or thirty days after such prepayment, whichever is earlier.
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<br />2, Together with, and in addition to, he monthly payments of principal and interest payable under
<br />the terms of the note sH'ured hereby. l\Iort!(i.lgor will pay to Mortgagee, as trustee, (under the terms of this
<br />trust as hereinafter stated) on the first day of each month uL' 'I said note is fully paid:
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<br />...:. ~f,;~' pr-prlii:, :;,& that '.'dB next ~.;ur:1e due:
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<br />and payabi,' ,Ill poline,; of iin' <I:d ..the!' haz" " insurance covering the mortgaged property,
<br />pius tax",; alld assessments lWXL dUt' 011 tbt' mortgaged propel'ty (all as estimated by the Mort-
<br />ll"agee, and..f which th..., :l!ortgagt>r is llotiiit'd) less al! sums already paid therefor divided by
<br />the ulan;,.'r of months to ('laps" bdon' one monti, prio!' to the date when such ground rents,
<br />preminllls, la"", alld a"",'ssm,'nt, \\ ill lwcomc delinqut'nt, such sun~s to be held by Mortgagee
<br />in trust to' pay ;.;aid g-rnund rents. pn'miurns. taxes and spceial assessments.
<br />(1)) Tht' aggn'gare "f th,. alllULJllb payablt. pllrsuant to subparagl'aph (n) and those payable on the
<br />Butt' ~t'curt'd h~_'n-hy. ~haH bv paid in a .:.;;ing-It~ paynlt:,ut l'a~h month. to be applied to the follow...
<br />iug itt.'1l1S in thp nnh~r ~tat{ld:
<br />(1' ground lynb, t:lXt'':--, a~:.it.'~smt'!lts. t!n. and other hazard insurance premiums;
<br />(II) nh'H..':-it uH tht' fwLt' st.'t:uf,'d hf:'t"t'by ; and
<br />(IU) aniOrti/.atioH of tht' principal of said note.
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<br />}..ny d'L'l~~_':t..n,-~- in th~' ~~r~"'):,,""t "f ;u~y ;~ut'h aggn.'j;:(at,-' BltHlthly payulent shaH, till less fnade good
<br />by tilt, :\irol'fgag:u!' pl'J(lf ~\} tilt., dtit, dnh' Ill' the next sueil paynH:nt~ ronstitute an event of default
<br />uI1(,kr this nll,)rtgage. At }1ortgagt.:'f"~ option. '\lnrtgagor wiIJ pay a "late charge" not exceed...
<br />mg fnul' pH' ,""ntum \ ,j', ) (It any 'llstall ment ",hen paid more than fifteen (15) days after the
<br />due dati..' t ht.r,.ul t\1 ,'O\'cl' t!K' (.'\tl'a ;:':\ili.'HSt' iu\'oJn'd in handling deHnqu(mt pll.}'ulents, but such
<br />"tat" duug,'" ,haUll,.t be pa,\llbl,' "lit of tit" !'l'occ,'ds (If any sale made t.o satisfy the indebted-
<br />HeSS $,\..'\'un,d ht\]'t..'by! 11 11 iess sw..h pro('l~pds are sullidelll to discharge the entire indebtedness and
<br />all prOpt'l' \.;U,St~ and t:XPt'IlSt'S ;:,;ei,:un,d Uwn:.'by.
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<br />;{, If tht' tntal of tilt' payment.s made by the MortgagOl' under ((I,) of paragraph 2 preceding shall
<br />t'xceed th~ amount of pf\Yln~.)nts i1(..tunlly fHRdp by thf~ ;\lort.gag~Iot_., as trustet\ for ground rents, taxes and
<br />assessments or insurance premiums, as tht' case may be, sudl excess shall be credited by the Mortgagee
<br />1m subsequent. paJ,ments to he made by the Mortgagor fol' such item.. 01', at Mortgagee's option, as trustet~,
<br />shall be refunded to :\[ort,gagor, if, however, such monthly payments shall not be sufficient to pay such
<br />items when the same shall becvllIe due ami payable, then the :\lortgagor shall pay to the Mortgag."" as
<br />t.rustt"-', any amount n.:cessary to make up the deficiem"y within thil'!.y (:W) days afte!' wl'ittennotice from
<br />the Mortgagee stat.ing the amount. of the ,letkiency, which notice may be given by mail. If at any time
<br />the Mortgagor shall tender to the :\loltgagee, in acconlanc,~ with the provisions of the not.!> secUI'.~<l
<br />he!~y, fun paym€Ht I',f tht! ditire inuebtf:tine&S repre-sdltt.?d t.hf-H'by, the :\hu.t.gngeeJ as trustee, shaUl
<br />in computing the amount of such mdebtedness, credit to the aecount of the Mortgagor any credit balance
<br />accumulated under the provisions of ((I,) of paragraph 2 hen'vI. If thert' shall be a default under any
<br />of the pmvisions of this murtgage resulting in a public sale of the premist's <,overed hereby, or if the
<br />MOl"tgagt,~ 11.;quires the property ot.herwise after dt.~fauitf the :\lortgag('l". as trustt.~~, ~haH apply, at tht~
<br />tinle of the (~(HUlncIH:'enH.:.nt of such pn.)('-(~dings. or at the titne the prop~'rly is otherwis(~ aC(lujn~d. the
<br />amount then "<'lnaining to credit t.he .Mortgagor und,,!' (a) of paragrilph 2 pn'C(~lillg, as a cn>tUt Oil the
<br />interest aG,'rul'd and UUIJaid .and tht, b-alance to tht:' princip.al then retnaining lJup.aid Dn :{a.id note.
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<br />,1. Tht, lit'n of this in~trunwnt ~haH rdH~-lin in full fOri.'t' ~iHd I..,!r~d dUl.ing i'Ui)' pOSlIXJllt'lUt-nt or exlen-
<br />;:'\inn t~f t.he tau\.; of paynKHt tH' tilt' jni.h,;htt.'thW~H;Jf allY JHirt thert''\)!' st'\.'ufed lwreby.
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<br />:,")" Hi' will pay all ~TOUHd H'lib. taxes,. :l.&"h..;,S..o;lIh,:lILs. \\ atd' rat-t':-\. }il1ti oUwr )!Ohl~'I\UH'lllHI or mUlliei-
<br />l.lll dlaq{f'.,~~ fm,:~. ,)f llnposlt.ioHS. It'\ 11.'<1 upon ~;aid prvtnl:'.t..... and that ht~ \\ ill p.a) rill fa~('S levied upon this
<br />fHul't~~~g\~. or the :,J;.-bt. ~~e-ttlJ-,'d ~ht'r-dJ-.v, ;~:;.t'i:~h'T '.', ,~h ar;,)~ ~lthn~ Lax.:'~ ot it..-~.;;.t.'s:..,n;.li.t...; \'.. hii..'ll ma.Y b-t'- kvit'd
<br />liB\kr Uw. laws of Sd)l'u::'!ti,a,.ltram~t the :;-iurt~a~H;_, nf tht. kva1 fwl;:h-'-f ;If ",';\1'1 princip.:-tJ B'A,--', pH HeL'I.IUn\. uf
<br />tlHi\. int.h'L~h"drh.~~~. r':\.n-'i.lt 'A }H'H th..i)TI1Ud (nt aU :.-cU, L Ir~'!nB ha" th!,t.~ ttif,'I1'\) 1~'1'll. m..l\t.? HIllier IJi) or pala~
<br />ift.a,ph ht':'l:..(d', and h,-' \', dl pr~)lnpliy ,-h~il\~'r th~l l...!litiil! ~'l',.:~:iP!,>:, th_t~r1'f'i}r td ;htO .\tul"tlra.;.!\'t'. In ,h:fHUH
<br />~ht:r~c~d th~, )itn tg~l.g'\'(' l'aa:. pli,' t.id- ".....1,H',
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