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<br />~4- 005667
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<br />To HAVE AND To HOLD the same unto the Mortgagee, as herein provided, Mortgagor r:present,s to,
<br />and covenants wjtl1. t.he M'ortgagE.'t'i that the l\-1ortgagur has good :right to St~n =;ud convey g~ud prenHses;
<br />tJ'lat the~~ are frE-(,; from encumbrance. except as hereinotherwisfJ l'ecited; 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 homestead, all marital rights, either in law or in equity, and all other contingent intereSts of
<br />the Mortgagor in and to the above-described premises,
<br />PlloVlDED ALWAYS. and th_ presents are executed and delivered' upOn the !olIoWillg~iti6n8i'to
<br />wit: '
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<br />Mortgagor agrees to pay to the Mortgagee. 01' order. the aforesaid principal sum with interest from date ;
<br />at the rate of Thirteen a..'1d One Half per centum ( 13~ 'Jf>) per annum on the unpaidbalanee untilP!1i<t; ,
<br />The said principal and interest shall be payable at the office of The Equitable Building and Loim~.
<br />in Grand Island, Nebraska . or at such other place as the holderofthenotemM'des/g'n~t!fi~.,
<br />writing delivered or mniled to the Mortgagor. in monthly installments othree Hundted Se"IIen~,~ht;.~"
<br />I:..nHars {$ 376.84 ).comm€n~ingCinth€fin;trla.;~of - _ tl~4_: ,arlil~i~llu~g:~,~r,'-"--c~-~-:
<br />the first day of each month thereafter until said note is fully paid, except that, if not sooner pait:I.. thefui~l
<br />payment of principal and interest shall be due and payable on the first day of . .... .. . ..Jlill'
<br />according to the terms of a ':t'rtain promissory note of even date herewith exeeutedbythe.sai<i'M~~r;'
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<br />The Mortgagor further agrees:
<br />1. He/she will pay the indebtedness, as hereinbefore provided. Privilt!p. resetV~to~.
<br />time. without premium or fee, the entire indebte<in_ or any part thereofl1ct _ tlwilhelllll.~~
<br />installment. or one hundred dolllll'S ($100.00), whkiiever Ii 1_, ~'1Ilent lnofUn~be
<br />date received. Partial prepayment, other than on an installment due date, need not iij,' emif
<br />next followk-.tg: ir.i.Otatlill~jt due dAte! 01' thirty ailys after such prepayment, Wbtcbever iI- "'er~
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<br />2. Together with~ and in addition t.o~ the monL''jJy paym;(:h~ l.f principal rmd inte-ieit ~~,~
<br />the terms of the nott. St'Cured hereby. ,Mortg&gor will pay to t., zgaget!. aa tMlstee, (un~the termliiofthiil
<br />trust as heremafter stated) on the first day _'f each mom", ..;ntilllaid note is flollly paid.
<br />(<I) A sum '~Iuai lo tb" ground I'('nt..~, if any, next due, plus the premiumllthat wil1,next~d1:le
<br />and payable on poUch's of fin' and other hazard insurance covering the mortgaged p~~
<br />plus tHx~~g Hnd ~t."t."wgsn'H'~nt3 next rltH' on the m()rtg"'~-ed property (allase3tbnated-b1'th&_If~
<br />gag,"". and "I' w 111<'h th" Morlsragol' is untilled) less all sums already paid theml)1' dividedb,y
<br />th,> numb.... "I' months to "laps,' h"(or,, one month priOl' to the date when such lP'OundJ:'e11t8,
<br />pn'rniums, laws and a"-S<,,,,,m.>nt;c ,nil b"\'om" delinquent, such sums to be held by Mortgagee
<br />in trust to pay :-;aHi ground rents, prvmiums, taxes and special aue&sments.
<br />(Ii) Th" aggn'gate..f !11'> amounts payabl" pursuant to subparagraph (a) and those payable onth.e
<br />note ${'('un--d hert'by, shaH he pai(1 in a single payment eaeh n'lQnth---i to he applied to t..h.e follOw..
<br />ing It('rti:\ 1Il the oropr s~1.h'<i :
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<br />{I) gr{)und t'puts, ta.X(>~" aS5es.snH~nts, nn~ and other ha.urd insurance premiums;
<br />(II) ;nH't't>~t on tht' nott' ;;;f:.'('ured ht~rpby: and
<br />(Ill l .lnltwtizution of the prtneIJn11 of said l1ob':,
<br />An)' d{>-tlrh'llcy ,0 [tit' ;i.flWuut ..f ;~n}/ such aggrpg-at.f' rnonthiy p&Y'fnent shalt unle8a made-~
<br />b,' th,. :q"nj{aR\)r prio.. to the due tint<' of tile nt'xt such pa)'ment. constitute an evento! default
<br />under Ih,s mnr't!l'agt', At .'I10rtgllgt.<"S option. Mortglll{Or willl>ay a "late charp" not exceed-
<br />illg fOllr !~>r (C'l1lUlll lY; ) of allY 1!I51allment when paid more than fifteen (15) days after the
<br />due dat<. th"'TOf to cO\'..,. tlw ,'xt.." expense IIlvol\'f'd in handllng delinquent paymenta. but such
<br />"Ial<> ,-harK'''' ,;hall nul r><, paYllhi,' "ut of tll.. proceeds of any SIl1e made to satisfy the indebted-
<br />a"S5 St'<'Ilr..d h"h'hy. "nl,-ss s,":h pl'!l"l'"ds are sutfieient to discharge the entire indebtedneasand
<br />~H J!n~p"'~'!. n~~t:; ~!.nd ~'~q,"t'!l~t.-',tl; ~.;..t:n.'d th{~:-t-br.
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<br />:3. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preeedllll' shall
<br /><,xce<'d the amount of payments actually made by th.. MOl'tgaa-ee, as trusu'll, for ground reilts, taxee and
<br />:\88essme.nt.$ or insuran~ pr..miulIl,S, as the eaae may be. such excess shall be credited by the Mortgagee
<br />on subsequent pa)"tn..nt.$ to be made by the Mortgagor for such items or, at Mortgagee's option, lIS trustee.
<br />~u.i: :,.c. ."fui,",,,, Lv :.iort&agor, if, however, such monthly payments shall not be sufficient to payaueh
<br />items when the same shall beeom.. due and payable. then the Mortgagor shall pay to the Mortgaa-ee. as
<br />trustc.-. any amount n<",es.'\llry to make up the deficiency within thirty (30) days after writter. notice from
<br />the Mortgagee stating the amount of the deficiency> which notice may be given by mail. If at any time
<br />the Mort.raJror shall tender to the !tforhrasree. in aC.f~orrlan{'f' w_ith th(~ l)!"r~v!gions of t.~e note ~,ured
<br />hereby. fun- payment o( the entire ind..btedn~ 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 />aceumulated under the provisions of (a) of paragraph 2 hereof, If there shall be a default under any
<br />of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the
<br />Mor"'~ acquires th,. property otherwise after default, the Mortgage,., a.~ lrust...., shall apply, at the
<br />time of the cOlnI11enc<!ment of such proce.;,dings. or at the time the proJ)<'rty is oth..rwise acquired, the
<br />amount then romaininll to credit the Mortgago~ under (<<) of paragraph 2 preceding, as a credit on thl;
<br />int..r-...t accrued lUld llnp<\id and the balauL't. to the princi~>al then remaining unpaid on said note,
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<br />,t. The li"ll of thlll !nlltfum..nt shall r,'main In full fore,' and ,'if"..t during any pOlltpon.>ment or exten-
<br />'IOn of th.. time of l>llymt'nt of th" ind"bt..dn"l4.~ or '''0\' mut tlwrl'()f se<'ur..d hereby,
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<br />1), He/lIbe will pay all gmlllld renta, taxes, _enl4. ..ater rates. and oUwr govemmL'Iltal or
<br />mwue>l>lll ch.,.... fin.,.. or lmJXlOlltlOlls. l'lvied upon N.id pn!mise8 and that hl';.lw wlll pay all ta't~ l<'v..,<1
<br />~ thil m~e, or the d..b' .....curnd thereby, t<.>tIether W'lth any other taxes or _llIImenl4 whk-h may
<br />be l1Irittd uDder t/tt! ill_ of N..brlllll.a Ill(aunt the MQrtt!agee, or the legal hoid"r of wd principal not.', on
<br />~t ot lhi.1llndebtedn_, "xcept when payment for Illl such items hu then,tofol'l' 1",,'1} madt' und"f !<li
<br />uf ~ Z h"r<'>Of. a.nd heillib.. ..ill promptly dehver thO' o(fkllil r...'..'."IHlI t1wft'fnr to lilt' Mortj{llge.> In
<br />dliof_lt IMh.,.,! l.h<> Mo~ l11a..v I'"), thl' ~am..,
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