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<br />84 .....;~005970
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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 hllR 8'000 right to gel! and convey said pr;;mi""g;
<br />that they are free from encumbrance, except as herein otherwise recited; that the Mortgagor will warrant
<br />and defend ~ same against the la\\,-1ul claims of all perl!t>ne whomsoe~er. Mo::1:gagor hereby relinquishes
<br />aU 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.
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<br />PRoVIDED ALWAYS, and these presents are executed and delivered upon the following conditions,
<br />to wit:
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<br />Mortgagor agrees to pay to the Mortgageoe:, er !)r'~~ ""'. :.he af.....reea.i:d '~..:~ncip.al8um with-interest from.
<br />date at the rate of Th i rt cen v-~j~" . ~~ntuln { 13 0/0) per atnnl'm on t...h~ _unp!dd-h:Al..~~
<br />until paid. The said principal and interest shall be payable at the office of the Loan Guaranty Officer,
<br />Veterans Administration Regional Office, Lincoln, Nebraska, or at such other place a& the holder of the
<br />note may designate in writing delivered or mailed to the Mortgagor, in monthly imltan"''':mtB of
<br />Three Hundred Ninety Two i\nd 70/l00Dollars ($392.70 ),commencingonthe First
<br />day of December , 1984 ,and continuing on the hrst
<br />day of each month thereafter until said note is fully paid, except that, if not sooner paid, theftnaipay-
<br />ment of principal and interest shall be due and payable on the Fi rst day of Novembe:!' .
<br />2014 ; all accurding to the terms of a certain promissory note of even date herewith executed by the
<br />said Mortgagor.
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<br />The Mortgagor further agrees:
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<br />1. He will pay the indebtedneSll, as hereinbefore provided. Privilege is rellerved to prepay at any
<br />time, without pr;:mium or fee, the entire indebtedness or any part thereof not less thaI). the amount of one
<br />installment, or one hundred dollars ($100,00), whichever i.~ less. Prepayment in full shall be credited on
<br />the date received. Partial prepayment, other than on an installment due date. need not be credil;ed until
<br />the next following installment due date or thirty days alter such prepayment, whichever is earlier.
<br />2, Together with, and in addition io, the monthly payments of principal and interest paiableunder
<br />the lenns of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee (under the tenns of
<br />IhIS trust as nereinaner stated) on Ihe llIstaJlment due date of each month until said note is fully paid:
<br />(a) A sum equal to the ground rents, if any, next due, plus the premiums that will next beccmedue
<br />and payable on policiea of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and llSSesaments next due on the mortgaged property (!Ill as eatimated by the Mort.
<br />gagee, and of which the Mortgagor is notified) less all sums already paid therefor divided by
<br />the number of months to elapse before one month prior W the date when such ground rents,
<br />premiums, taxes and assCllsments will become delinquent. such sums to be held by MQrtt:!\gl!tl
<br />in trust to pay said ground rents, premiums, taxes alld special assessments. .
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<br />(b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the
<br />note :><."Curod hereby, shall b€ paid in a single payment e.ach inonth. to be !lpplied to the.fQUow-
<br />ing items in the order stated:
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<br />(I) ground rents. taxes, aS8<t8Iilllents, fire and other hazard insurance premiums;
<br />(u) jnt~!'~t ")n the !~ete eect::'ed he:r-~bj--; and
<br />(IIt) amortization of the principal of said note.
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<br />Any deficiency in the amount of any such aggregate monthly payment $lh.n, !!nl~!!'..ade good
<br />by the Morta_vr prior w tfie due date of the next such payment, constitute an eVent of default
<br />f::f~~~i~~~. {4~~ ~gr=:j;;t1R~:~'t ~h~~:fd:~~Ifu;; ~i~nC~Nf~~;~J~~~
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<br />due date thereof to cover the extra expense involved in handling delinquent payments, but such
<br />"late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebted-
<br />n:e~ ~u!"ed hereby, un!e~;; such pf'~u:s are Hufficient to discharge the entire indebtedness and
<br />all proper ('.oats and expenses secured hereby,
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<br />,{. If the total of the ptiymetlts made hy the Mortgagor under (il) of paragrapb '2 preceding shall
<br />exceed the amount of payments actually made by the Mortgagee as trustee for ground rents, taxes and
<br />asse$sments orinsuf1ince premiums, as the case may be, such excess shall be credi ted by the Mortgagee
<br />on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, shall be
<br />refunded to Mortgagor, If. however, such monthly payments shall noi be sufficient to pay such items
<br />wben 11Ie Slime shall becolll~' due and payable, then the Mortgagor shall pay to Ibe Mortgagee as trustee
<br /><my amount he{~eSsary to make UII the defiCIency within thirty (30) days after written notice from the
<br />Mol1gai\e,,' stRUng the am(}unl of the deficlI;ncy, which nollee may be givt'll my mat! If at IUI.,. tune the
<br />\tortgagol shall tender to the Mortgaga., inoccordance WIth the proVlslons of the note seGned hereby.
<br />full payment of the enbre indE'btedncss n>presenled lhereby, the Mortgagee as trush~.. s.hall, In wmpll!1ng:
<br />Ill'!' "/nount or $.~\I. ,c.". indebtedll. ,e";\I, .nt'dit t~ tlle aC(OOf!~f!J9't /4Qrtgagor any ned.! balance ;,;(("umolal,,,1
<br />\llllieJ' lilt> P!<>"IlUuns oilal 01 parllgrallh 2 llefl>Of. If ijJ..~U.be B ,It.t;lull under allY 01 rhe jHQVISli.!llS
<br />-f}~' tt:i$ ffi\:~t~.gt~ tt'1louHing In ~) pnblh-' ~ai~ {)f U)f! premises coveJt~d hereby, or :d the Mortg.agcp ~i('quifPS
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