|
"C`U Ir~~~x~ a,t~~o'fiu~~ l~i3tlr~~ the sa,~rrn~e~ ur=ic! t~i"a~e 1~f~or~gai'~,;ee, a~ 3r:e~i•~isE lrrs~t~~ii€Irr~E:i. '~artg;rt,~r refrb'esents to„
<br />an'd r.a6c.r,~,rrr't mr!ith, lire Bi ~ttgag~.e,. tlaai. tz~a ~Yi~sagF!rr haws gy~a~d :t};:t let sell and eo,tvey- said ;premises;
<br />drat they ar.•e fa°ee fr^attr encumlarance; exc~tit ks heteigirsthea:st•ise recited ;that the Maxtgagar t:-ill warrant
<br />and defend the sane against the lawful claims of all persons tvhotnsaut er. roiaz•tgagor hereby relinquishes
<br />all rigl€ts af_hUi~~steafi, all r.:arital; fights, either in late or in equity, and all other eantingez?t interests of
<br />l.he ~ioitgagoi in and to the above-descr~rae€l pi•emi
<br />l?aovin L$LwAXS, and these presents are executed and delivered upon the following conditions, to
<br />tit;
<br />l4fortgagor agrees to pry to the Ztlartgagee, ar order, the aforesaid principal sum with intexest from date
<br />at the rata of nin€ and one half per centaam (9.5~b} per annuar€ on *he unpaSid balance until paid.
<br />'l lte said principal and interest shall be payable at the ofl'rce of F~rst ~e8~ra1 ~SavL~n~a and Loan
<br />st}c at on a n a?.n
<br />in Lincoln, P;ebraska , or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the illortgagar, ua monthly instalhnents ofTElliEE Frtll3DREA fiIAlETY FIVE AND 2d/
<br />I7allaxs {$ 395 • ?fi }, commencing on the first day of ,19 ,and eontinuirg on
<br />? lte first day of each month thereafter until said pate is fully paid, except that, if not sooner paid, the final
<br />payment of pri.^,wipal and interest shall be due and payable an the first day of ;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 />I. He will pay the indebtedness, as hereinbefare provided. Privilege is reserved to prepay at any
<br />time, without premium ar fee, the entire indebtedness or any part thereof not teas than the amount of one
<br />installment, or one hundred dollars ($100.00), whichevex is less. Prepayment in fait shall be credited on
<br />the loth received. Partial prepayment, other than an an installment due date, need not be credited until
<br />the next following installment due date o; thirty days after such prepayment, whichever is earlier.
<br />L. Together with, and in addition to, the montiily payments of prineigaI and interest payable under
<br />the tea•xns of the note secured hereby, bdnrtgagor will pay tQ Mortgagee, as trustee, (under the terms of this
<br />tr'€;,°t ao h~ inmft~" a`~`~i u€~ +`.1-ic 4~i~t uay v~ e~cch u`ic7icth uuiil said n6te is fusiy paid
<br />(a) A 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 mortgaged property,
<br />plus taxes and assessments next due an the mortgaged property {all as estimated by the Mort-
<br />- gages,-and of which the Mortgagor is notified} less all sums already paid therefor divided by
<br />the number cif months to olapse before ana month prior to the date when such ground tests,
<br />premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee
<br />in trust tta pay said ground rents, premiums, taxes and sge.^.ial assessments.
<br />{bj The aggregate of the anaounGq payable pursuant to subparagraph {u} and thc~e payable on the
<br />note secured hereby, shall he paid in a single payment each month, to be app}ied to the follow-
<br />ing items inthe oz~der stated
<br />{t} ground rents, taxes, assassmer~ts, fire and other hazard insurance premiums;
<br />(zt) interestatithanateuredhereby;and
<br />{tii} amortization of the tarittcinal o€ said note.
<br />any defciency in the anxaunt of any such aggregate monthly payment shall, unless. made g~aod
<br />by the Mortgagor prior to the due date of the text raucla payment e€?-~titt=_te $n av,~nt c'.-' dafaalt
<br />under t~ais ttaortgxge 4t Martg~~e's ~ptitin 3t,~•rgagor will p.,y a "late char" net acI-
<br />I>ig ~~ur pnr CEntt?tn {¢` 5~} of any 1n3t31111~::t H'!;4;'i p~,a,_ ••; sr~ tii~n ~°tii {iii} disy., azP'[-.tii,
<br />~r_ a_,.-. ~ --~
<br />~e_~ t - rFn ~ - a - ~x€2 - -_ -.t, _ - - __ n f',ixz~xg ue€iitquci€= €~€€a~ 3R., :suz e7h
<br />_€i~~ ?~ ~ t, le ~, -~ ~~ ~.a = ~~~.i,.~,~~~ir_c~ Muir. ~€7~L~ to jai-i~y~~-lIIi~nsj=.
<br />Hess secured hereby, unless such proceevis era suitlcient to discharge the entire indebtedness and
<br />,dl proper casts and e:cpenscs soured thereby.
<br />3. if #te total of ttie paytnent~ made by tlxe Mortgagor under {a) of paragraph }i preceding shall
<br />egg tFte atnosint crf payn3enta actually tttade by the Mortg, as trust, far ground rent!, tars and
<br />aaresnents or insurance premiums, as the case tray be, such excess shall be credited by the Ma:~tgagea
<br />~ suisaequent payttu_nts to ba tnscles by file Mortgagor far such items or, at ;€tart~;ag~'s aptiora, as tr~aa-tee,
<br />figs t~fundesd tca Mortgagox. If, however, such monthly payments shall not be $ut~icient to pay such
<br />~~ ,phi thho }tie sl+~ll b~ d,•n and p.=yabi° *han the l~ortgo flh~;l pG,y to the ."a,,;rtgA, as
<br />trustee, any Amtotint ne±eeeaary tea make up the deficiency within thirty (3U} clays after written notice from
<br />t}nrs 9~eartgs,,;ae stating the amount of the de~iency€ 4vhich notice tnay be givean by trail, If at ru?y tip
<br />tlt~ Moa~t~gng€ar shall t~der to the Mortgagee, in accoxelance x=ith the prouisit-rns c~,f the rata secured
<br />l~teby; i'vli paytttt tsf-the- enti~t inciebtetlttese represented thereby; the Martgag~, as trust€ !Flail,
<br />t®ol~.ecasareputing the sntyo~u~ nt of sued, in+dstadne~, credit to the account aP~tyh~~,~Ma~i r any cr~dlt balance
<br />'~`~?l~,l$ n~1C~H4` ~x3 ilYflVll~FltiA n'~ ~B~ ff~ ~1`SfIRS~ ~ hAYH{if• ~f ?~?_'_ -~€~}~~ p~ ~ £3a~it ._~gweY_gr, Vic?
<br />of the prov(:~irans of this mo:~ ..sulti~~ in a petbliv, saw- a' tl:e p~~ttta r~c-=d may, ~ if the
<br />l~artgsgee a+~uir t}ie l~rtY tsth~ir~ after default; the Mortgagee, as trust, shall apply, at the
<br />time of tlr~ can:ctenecrnr_4t of sated Fat°c='; a at tlta tip tIt$ proms fs ather~ acquired, the
<br />sulaunt then retnniniug to t ~u. hnrr {ci) ~ paragraph 8. preceding, as a earedit on the
<br />ihtezast accr+:aed rand uniaafd and tks li,ncr: t~_tl~pr<ip~ t~~ ramu3 uhf -~r~,
<br />4. 'I'he lien of th is im+~z~uarent str X11 remain in full fot~ and e#Fect during any postponement or exten-
<br />s%an fli'th~ time~nf pssr~renic+f tics iztdebtedneas araenypartthQrectrFsecitrcdltet~lay.
<br />~, I•Tq t,~;t~~t"~;~,gr•aunc' r=ats. taxes, assessments, ~s~atcr ram d oElt*rr govercunental or munfl~i»
<br />poi itharge~i,'~tnc~s~,~ crr empcaaitiF>ns, }~vieti ~.apttp aa~cl-lat~miaas attdtli$t he wFll v all te=es levfstid upon this
<br />n4rrn.~n. r 4i,a .in3.t o v,,i +>,..,-..M., Fw ti... .:th .. ,.ti ,.,. t - ~ s }.• ~ i.._ ^ a
<br />^v: a"F ~ •. ~• ~ • y'""c- - ~•-> .~ . w.y v Wti%4 VZ ADi~F[te 34$ tv €143€ i1€r°a~ c~ F'c`v iCi.s
<br />:iiaii~a z1c iizirs isi'%da`vrasktt xgainst'rira `siarigugee, ar iu€t iegis-1 iidiiler-o~aaid-principal nrat;<, an acz.•ount t,f
<br />- ..;..i;.. ......,.w.aj:::.. ~ ~ ZGF su ~.. . 3"vci~U4 :-iic%ie?ssc a3-ttt~de undeP (c~} of Para-
<br />- ga~€€l~;t 2 Irat'euf, and ha iviii ~tY%13' d{~iiver the ai}'tciai receipts therefor to the ~rtgag'ee. In default
<br />thereof titcs ~ort$agee may' pay the sareie.
<br />F# .-
<br />
|