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<br />tfe >~"1T'tga~_7r in ~taf1 t'7 c:le a•*-~'~sk•t ,T t.ts•: i ,r_'r,1. traT#i?~FS.
<br />E'Tt)L"LST MT'i ~i LV4'~? k'S, and these prnven; ~ aT°e execut~a and ci~•i: ;'erect upon the AollO; ing eoF~clstions, #1a
<br />`?~?t:
<br />~_ortgagr,T ~:=-ees io tae tc the Eartgaaee, ar ar~}er, the afc;i esaid l;rincipai sTm ~~°itiT interest frorTa date
<br />at t ~ rate of t3ir.~ and or=e ~iaif----per c~ntum (y J4" ~r an~`,~• m en =he unpaid balance until paid.
<br />The said principal and interest s'rtali be payable at the aflice of First t•'e~eral Savings and Loan
<br />Association of ?~inooln
<br />in if_aco3r;, -ebras~ca , or at such other place as tx,e balder of the none Erray designate in
<br />S'v'ritin Sr delivered or mailed to the ~lortgagcr, in monthly instalinTents of T'vT0 FiITFITJRi?B gIF='y--T4i0 ~~ 25,/140
<br />l:lallars ; $ 22.25 ), commencing an the fiT-st day of ~~ aauar~r , 24 ?9 ,and continuing on
<br />flee first day of each mantl: thereafter anti} xid note is fully paid, ex;,ept that, if not sooner paid, the final
<br />payment of preneipai and interest shall be clue and payable an_ the first day of ece:aher 2001.; ;ail
<br />according to the terms of a certain promissory note of ever. date heren-itti execz!ted by the said'blortgagar.
<br />The Mortgagor further agrees:
<br />2. ??o ,v iIl pa;~ the in lshtednc°s, ~ heroinb22'f±:•s provide :. Privilege is ioserved to pregay ai any
<br />time, withaut premium or fee, the entire indebtedness or any part thereof not less than the amount of one
<br />iTTStallment, or one hundred dollam 02(10.00), whichever is Iess. Prepayment in full shall be credited oTT
<br />the data received. Partial prepayment, other than on ar_ installment due date, need not be cretlitecl until
<br />the next following ins*.,aIlment due date or thizty days after such prepayment, whichever is earlier.
<br />2. Together with, and in addition to, the monthiy payments of principal and interst payable under
<br />the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, (under the terms of this
<br />trust w he,,.,,,:f*~.r sr„atw?) .,n the first dummy ^f ea~,h m.,nth :,ntTl s,.id no*~e is fully paid:
<br />{¢.} A tum equal to the ground rent,, if any, next due, plus the premiums that will next become due
<br />and payable an policies of fire and other hazard insurance coverinf; the mortgaged pz~operty,
<br />plus 'taxes and assessments next dun on the mortgaged property (all as estimated by the Mort-
<br />gages, and of Evhich the bortgagor is notified) less all sums already paid tlTerefor divided by
<br />tlTe number of months to elapse before one month prior to the date when such :ground rental,
<br />premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee
<br />in trust to pay said graurid rents, premiums, taxes and special assessments.
<br />(b} The aggregate of the amounts payable pursuant to subparagraph (¢} and those payable on the
<br />note secured hereby, shall be paid in a single payment each month, to be applied to the follow-
<br />- ing items iii the order stated
<br />(z} ground rents taxes, assessments, fire and other hazard insurance premiums;
<br />(tt} interest an the note secured hereby; and
<br />(Tn} aittortizatiou of the principal of said note.
<br />Any deficiency in the amount of any suc}T aggregate monthly payment shaI3, unless made good
<br />by the MoT•tgagoT° prior to the due date of the next such payment, constetute an scent of default
<br />unuer ttttS 3I3{II'G~,Fige. Ht i*ivt'iKziy cc'S v'f+tiir ii "ti5ugv .:lil ~.1 ,ate ,,, °3t ^^* ~.,,.^_~-
<br />,u: gv
<br />i%~ f~7i3i ( ;~ ..i~itt:;tu (_ ~~~ } 5f °:;i Tnstaii nictit' ii' heTT p:ieil Triare ,',clan itii-~H ~ 7 a} i~.z ~r'tgr th£
<br />d,,~A dot, a rhoT•W.f tr ~.ur tl:e n•tra e nsn involved in 1:andl'ng d_elir,qu~~Tt {rr~?n, ;~~~~~~
<br />r`lat,, e_h3rge -shall not be ease-h1e opt _rf t},P proeeez~~ of?ny sat, an,~~e to ~t~ef; iho :°~~~--
<br />ness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and
<br />alt proper costs and expenses secured thereby.
<br />8. If the total of the payments made by the Mortgagor under (¢) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by -the Mortgagee, as trustee, for ground rents, taxes and
<br />assessments or insurance premiums, 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 to Mortgagor. If, however, such monthiy payments shall not be sufltcientro pay such
<br />items when the same shall become due and payable, then the iiarttragor 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 gives by mail. If at any time
<br />the Mo~tgagur shall tender to the Mortgagee, in ac~ardance with the provisions of the note secured
<br />hereby, full paymeltt of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall,
<br />in computing the amount of such indebtedness, credit to the account of the Mortgagor any crealit balance
<br />secumutated under the previsions of (¢} of paragraph `L hereof. If there shall be a default under any
<br />of the precisions of this mortgage resulting iu a public-sale of the premises covered hereby, er if the
<br />l~ortgngee acquires the property istherwise after default, the Mortgagee, as trustee, shall apply, at the
<br />time of the eommeaeemerTt of such- prorRedings; or xt fife flans the property is ot5erwise ac:quiret3, the
<br />ant then rentaiai trs ereciiL the Morts~gor under-(a.} of paragr$ph_~ preceding as a credit on the
<br />intei~t accrued atitl unpaid: and the balance to-the principal then rexrisnitig unpaid on said note.
<br />- _- - _
<br />4, ~3ien of tl-,-~s instrument shastixemain in full fortes and eifeet during-any postponement ar eaten-
<br />- sioz~ of the lime ~f paymezyt of tie indebtedness ar any part thereof secur~l hereby.
<br />u ~ ~ . = ea, ~~1 ~rown~ rsTr`~.'ta~~, a~ei~sz`neufs__water races, and attTer governmental or ~auxucT-
<br />gal ^hQ^„~:, F.^.m, ss -:~sitions, ~vi~ u;;~ shed ~,isaa axtd-~hst he will pay all taxes levied upon t'-is
<br />mortgage, or'tite deist secured thereby_to~ie~'x=itlT-sus other faxes or assessments which may bt levied
<br />;;nrlFr thg tarry of T~Iahra4 ^ a~insttke 11i~,tte ,~ ;'~ o+• p ,.dal ITOlder of said principal neo. a, 4n account of
<br />fhiq inrl ~k~tvriewRa ,a~r.gilF 4LrtAPn r~z•rr,F,nt fair _sr~}~.as,ri, i#n~ lisle tT,eretofere-been made under {iLF of ?',.~-~'$-
<br />- jy;:cfx - ci~~ sr siTc; -xa~ ~s irx ~~inia~tr;,.~ieas ice: -lies v ti~i3i -=~~:ipt-s-ii~ez"`eivr to the irxar:gagee. In default
<br />thereof: the Mortgagee may pzsy the sar.~e.
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