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<br />To HavE axD To Iiox:iz the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, life Mortgagee, that the iVlortgagnr has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinathertivise recited; that the Mortgagor will warrant
<br />and defend the sun+e against the lawful claims of all persons ~~-homsoever. :Miortgagor hereby relinquishes
<br />all rights of homestead, aflrnarital rights, either in law or in equity, and all other contingent interests of
<br />the ii7 ortgagor in and to the. above-described premises.
<br />P[aoVIDED ALways, and these presents are executed and delivered upon the foIlowirag conditions, to
<br />vcit:
<br />3ortgagor agrees to pay to the 1Liortgagee, or order, the aforesaid principal sum ~i~ith interest from date
<br />at the rate of fourteen and one half per centum (14. 3rd) per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of T'c~ RICHARit GILL COMPANY
<br />in San Antonio, `Texas , or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the ;iiortgagor, in monthly installments of Six Hundred Seventy Nine and 88/
<br />Dollars ($ 679.88 ) ,commencing on the first day of une , 19 82 ,and continuing on 100ths
<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 and interest shall be due and payable on the first day of May 2012 ; al]
<br />according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He will pay the indebtedm ss, as hereinbefare provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, tl.e entire indebtedness ar any part thereof not less than the amount of one
<br />installment, or one hundred dollars (b100.00}, whichever is less. Prepayment in full shall be credited on
<br />the date received. Partial prepayment, other than on an installment due date, need not be credited until
<br />the next following installment due dale or thirty days after such prepayment, whichever is earlier.
<br />2. Together with, and in addition to, the monthly payments of principal and interest payable under
<br />the terms of the note secured hereby, Mortgagor will pay Lo Dortgagee, as trustee, {under the terms of this
<br />trust as hereinafter stated) on the first day of each month until said note is fully paid:
<br />(¢) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due
<br />and payable on lxolicies of fire and ether hazard insurance covering the mortgaged property,
<br />plus lases and assessments next clue nn the mortgaged property (all as estimated by the Mort-
<br />gagee, and of a-hich the .lortgagor is notified) less all sums already paid therefor divided by
<br />the number of months to elapse before one month In•ior to the date when such ground rents,
<br />premiums, taxes and assessments will bccnme delinquent, such sums to be held by Mortgagee
<br />in trust to pay said ground cl=ots, premiums, lases and special assessments.
<br />(b) The aggregate of the amounts payable pursuant to subparagraph (¢) and those payable on the
<br />note secured hereby, shall hr; paid in <a single payment each month, to be applied to the foliaw-
<br />ing items inthe order stated
<br />(t) ground rc,ntg, taxes, assessments, fire. and other hazard insurance premiums;
<br />(it) intea°a~st on the ante secured hereby ;and
<br />{tlt) amortization of the principal of said note.
<br />Aaxy defick~ncy in the amount of any such aggregate monthly payment shall, unless made good
<br />by the Mortgagror prior to the due elate of Lhe next such payment, constitute an event of default
<br />under this mortgage. At Mortgagee's opt9nn, ~inrtgagar wSll pay a `gate charge" not exceed-
<br />ing four per centum (d~'•} of any installment ~a•henpaid mnrethan ffteen (15) days after the
<br />due data thereof to Inver the extra exiwnse invnixed ire handling delinquent payments, but such
<br />"'late ehaage" shall not be, payable nut of the prncceds of any sale made to satisfy the indebted-
<br />ness secured hereby, unless such proceeds arc sufficient to discharge the entire indebtedness and
<br />all proper. costs and expenses :secured thereby.
<br />3. If the total of the payments made by the Mortgagor under {¢) of paragraph Z preceding shall
<br />exceed the amount of payments actaxally made by flue ,Mortgagee, as trustee, for ground rents, taxes and
<br />assessments or insurance premiaxnts, as the case may be, such excess shall be credited by the Mortgagee
<br />on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br />shall be refunded tm Mortgagor. If, however, such monthly payments shalt not be sufficient to pay such
<br />items when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br />trustee, any amount necessary to make up the deficiency within thirty {30) days after written notice from
<br />the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br />the Mortgagor shall tenc'er to the Mortgagee, in accordance with the provisions of the note secured
<br />hereby, full payment of the entire indebtedness represented thereby, the iffortgagee, as trustee, shall,
<br />in computing the. amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br />accumulated: under the provisions of (¢} of paragraph 2 hereof. If there shall be a default under any
<br />of the-:provisions. of dais mortgage resulting in a public sale of the premises covered hereby, or if the
<br />Mortgagee acquires the property otherwise after default, the ;tinrtgagee, as trustee, shall apply, a.t the
<br />time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br />amount then remaining to credit the Mortgagor under (¢) of paragraph 2 preceding, as a credit on the
<br />interest accrued and unpaid and the balance 4e the principal then remaining unpaid on said note.
<br />4. The lien of this instrument shall remain in full force and effect during any postponement or exten-
<br />sion of the time of paymcatt of the indebtedness or arty part thereof secured hereby.
<br />s, He will pay all, ground rents, taxes, asseasmea_ts. water rates, and other gnver.~arzaental nr munici-
<br />pal c Purges, ftnes, or imlxrsitions, levied upon said premises and that he v>ill pay s31 taxes levied upon this
<br />xn~:rtgage, nr the debt secured thereby, tngeCher tis°ith any other taxes or assessrnentq which xray be levied
<br />sr, err t}i.~ s ~ s of \ebraska against, fhe.:Vlortgagr-.c, oz• the legal haiclcr of said principal note, c?n recount of
<br />.} , st aei~t. ~inx*s8, except x~hen payme3nt for all such items Isar theretofoxe k>err~n made taaaclcr (4P.) of para-
<br />graph 2 nerer~f. and he will prcyenptiy deiivcrr the oilicSal r.t~?s;lta therefsr .~, flu: ~Tur!:gasK+-'~:. cn default
<br />i}. f the Mortgas,<•~ tn3y 1 a the srrrr+~.
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