|
r
<br />r~-~~~~~~~~
<br />To HAYS Afva To HoLa the same unto the ortgagee, as hef•ein provided;. Mortgagor represents to,
<br />and covenants with, the .Mortgagee, that the biortgagar has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinatherwise ree.ited ;that the Mortgagor ~viiT 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 ali other contingent interests of
<br />the 1kSortgagor in and to the al>oYeserit~d: premises. -
<br />2*ttovtnm E$bTYAYS}find these presents are executed and delivered upon the folio~ing conditions, to
<br />t~eitt
<br />l+~ortgagor agrees to pay to the Mortgagee, nr order, the aforesaid principal sum with interest from date
<br />at the rate of N3.Yl a 8.r7d ©xf e hs.lf per centum { 5 . yo } per annum on the unpaid balance us;tit-paid.
<br />The said principal and interest shall be payable at the office of l~ertgage Plus Incorporated
<br />in ~ngl ewao d ~ Gold redo , or at such other place as the holder of the note tray designate in
<br />writing delivered ar mailed to tlxe Mortgagor, in monthly installments of Two-hundred Twentq-Fauz° 6
<br />3T f 100])oliars ($ 224. g`l },commencing on the first day of Janaa.ry , Is79 , and eontinaing on
<br />the first day of eaelt month thefeafter until said note is fully paid, except that, if net sooner paid, the final
<br />, payment of principal and interest shall be due and payable on the first day of I?e c ember 2008 ;all
<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 indebtedness, as hereinbefore provided. Privilege fs reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness or any part thereof net less than the amount of one
<br />installment, or one hundred dollars ($1C)ilAO}, whichever is less. Prepayment in fttii shall be credited an
<br />the slate received. Partial prepayment, other than on an installment due date, new not be efedited until
<br />the next foAowing installment due date or thirty days after such prepayment, whichever is earlier.
<br />2. Together with, and in addition ta, the monthly payments of principal and interest payable under
<br />the terms of the note secured hereby, Mortgagor will pay t€i mortgagee„ as trustee, (under the terftfs of this
<br />trust as hereinafter stated) on the-Brat day of each month until said note is fully paid
<br />(u) to sum equal to the ground rents, if any, next due, plus the premiums that will next become due
<br />and payable on policies of fire and other hazard insurance covering the mor*.gaged property,
<br />plus taxes and assessments next due on the mortgaged property (all as estimated by the Mort-
<br />gagee, and of whirl: the Mortgagor is notified) Less alt sums already paid therefor divided by
<br />the number of months to elapse before one month prior to the date when such ground rents,
<br />premiums. taxes and assessments st~ti became delinquent, such sums to be held by Marts~•agee-
<br />in trust to pay said ground rents, premiums, taxes and ape-eial assessments.
<br />{b) The aggregate of the amounts payable pursuant to subparagraph (a} and these payable an the
<br />note secured hereby, shall be paid in a single- payment each month, to be applied t<f the"fallow- '`
<br />ing items in the order stated
<br />(f} ground rents, tales, assessments, ttre and other hazard insurance premiums;
<br />{fi} interest on the note secured hereby; and
<br />(ttI} amortization of the principal of said note.
<br />Any dencieney in the amount of any such aggregate monthly payment shall, unless-made gSxxl
<br />by the Mortgagor prior to the due date of the next such payment, constitute as event of default
<br />ender this mortgage. At Diortgagee's cfptiaif, Mortgagor will pay a "late charge" not eseeed-
<br />ing feu. Y..: centum {-",m. } of . ry ir,stalltr~ent when paid mare than fifteen (15) daya;aftertlte
<br />due date thereof to corer the extra expense involved in handling delinquent payments, lfitt;such
<br />"late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebted- _
<br />r.ess secured hereby, unless such pfM.,ceeds are su#Frcient to discharge the entire indebtedness and-
<br />all- proper casts and expenses secured thereby.
<br />3. Yf the total of the payments made by the Mortgagor under (a) of paragraph 2 precediag'shall
<br />exee~l the amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes-and
<br />assesetacri#s or insurance premiums, as the case may be, such excess shall be credited by fdte Mortgagee
<br />oil. su#seght ptiymetits to Ife tttade by the Mortgagor for such items ar, at biartgagee's option, as trustee;
<br />sbail be refuifded thf Mortgagor. If, however, such monthly payments shall net be sttilieient to pay such
<br />heats:when tlfe 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 (34} days after written ao'tice ftbm
<br />thn ~©rtg,e sta'~ing the amount of the defteiency, which notice may be given by mail. If at any time
<br />;the &Ioxtgagur shall tender Ca-the Mortgagee, in accordance with the provisions of the note secured
<br />herefig, full pagmeat of the entire iadeb'„etl represented thereby, thn Mortgagee; as=trustees smell,
<br />iii caffaaputing the amount of such indebtedness, credit to-the aecanat of the Mortgagor say credit balance
<br />accumulated under the grisvisions of {Q) of paragraph 2 hereof.- If them shall be a default tender azsy
<br />of the provisions of this mortgage resulting in a public sale of the premises covered hereby, ar if the
<br />Aiortge asquirea the pregerty otherwise. after default, -the Mortgagee,. as tLrttistee; shall apply, at the
<br />time of tie cnrdaneneentent of such proreeclingsr or sit the time the property is atlter~ise ac~Itixed, -the
<br />aunt then remaining. to °eredit the Mortgagor muder {d} of paragraph e~ preaeding> as a credit on the
<br />interact accrued and uail+aid-acid the balance t~s the principal then remaining unpaid oft said note.
<br />9. The flea of this rnstrnfnentshaU remain in full fore and effect during any postponement or exten-
<br />Sian of the time of payment of the indebtedness or any part thereof securedhereby.
<br />5. ;'I~ will pay all geonnd refits, taxes, assessments, water rates:.attd other governmental or mtuiiei-
<br />dal cha.des, ~:nes, artttsgsasitions; let-~d upon said premises :std that he u¢ill payall lairs levied upon this
<br />tnortgagr, ar the. dEbt seetfro~ f~ie~b5%r: taf;ether ~4 ;th any other lases ox assssscnenta which fnay be levied
<br />unbar the laws of Vebraskaagaingttlie Mortgagee, or the_ legal balder of said principal note, an account of
<br />-this indebtedness, except when payment far ail such items-has theretofore-been made under (a) of pars-
<br />- graph. 2 hereof,,and he viii. promptly deliti~er the odlcal receipts therefor to the Mortgagee. ?n default
<br />thereof tlae ~4ortgag~ may pay the seine,,
<br />
|