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<br />fie Nnvt; ntvrr Tt~ Noiu the same unto th«~ Mortgagee, as hereon peel ided. Marlgagur repa°,•w•n2s lei,
<br />and covenants with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinotlterwiae recited ;that the Mortgagor ~t•ill warrant
<br />~ and defend the same against the lawful claims of ail persons whomsoever. Mortgagor hereby relinquishes
<br />~ alt rights of horrtestead, ell marital rights, either in law or inequity, and all other contingent interests of
<br />~ the Mortgagor in and to the above-described premises.
<br />~ PeovlDSD ALWAYS, and these presents ate executed and delivered epos the following conditions, to
<br />V~ wit:
<br />~ Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of nine and one half per centum (9.5h) per aauui~nr~~mogn he upppgagid biialance until paid.
<br />;~ ~' The acid principal and interest shall be txsyabte at the otlke of FAsaocii~~oniofa~inn~olnnd Loan
<br />vC ~ in Lincoln, Kebraslca , ar at such other place as the holder of the note may designate in
<br />writing delivered or mailed t.o the ;viertgagor, in monthly installments ofTN~ tIUNDRED NZNS':Y FIVB AND 201100
<br />Dollars (= 395.20 ), commencing on the first day of ~bruary , 19 79 ,and continuing on
<br />trite brat day of each month thereafter until said note is fully paid, except that, if not sooner paid, the Snal
<br />payment of principru and interest shall be due and payable on the prat day of January 2009 ;all
<br />ru~ording to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. Ise will pay the indebtednean, as hereinbefore provided. Privilege is reserved to prepay at say
<br />time, witlwut premium or fee, the entire indebtrdneae or any part thereat sot leer thae the ameaet of gee
<br />inetalteseat, or one hundred ddLes (1100.00). whichever is lass. Prepayment in ttell shalt he csadiad ea
<br />the Arta reoeiwd. Paetial pe!epayeemt, other than on as inatallaoeat sue dsa, erred sac he oaedMrd aeeW
<br />tIr Hatt foUowieeg ;nsatlmatt sue date or thirty say..tar such prepayment, arhichrrrer i. a.et;sr.
<br />S. Tarathar with. sad in addition t0. the monthly payereta of peieecipd sari iaa:.rt pyable andar
<br />the sear a'the emote seesered hereby. Most~egor will pay to Mort, ea trustee. (Hader the terms of this
<br />feast aw Meetaatter atatsd) oa the rlrest day d each month until acid note is fully paid:
<br />(s) A sum equal to the ground rents, if arty, next due, plus the premiums that will aazt become dos
<br />and payable on policies of fire and other hasrard inwrance covering the >ISerpppd peapeefy.
<br />plus taxes and asseasenenta next due on the mortgaged Property (ail as eetimatsd by the 1[oet<
<br />gages, and of a•hieh the Mortgagor is notified) lees all sums already paid therefor divided by
<br />the number of months to elapse before one month prior to the daa whoa sash g><aeaed r'aaa.
<br />pramiuma, fazes and assessments will become delinquent, such sums to 6e lee{d 6y Mortgagee
<br />in trust to pay said ground rents, premiumx, taxes and special aasesamenb.
<br />(6) The aggregate of the amounts payable pursuant to subparagraph (s) and those payable on the
<br />note secured hereby-, shall br paid in a single payment each month, W be applied to the toibw-
<br />ingitems in the a.rder slated
<br />(1) ground rents, taxes, aasesameota, fire and .ether hazard rnaurance premiuas;
<br />(tt) interest on the natasae~trrodlierebY:end
<br />(til) attlurtiaatiun of the prrnerprl of sold note.
<br />Any delkirrrcy in the amount crf any such sggre;atr monthly payment shall, osiers madt good
<br />by the ht~•stgn~•r pFi?r f._~ the ~itr« date ,:f tt-~ rr?it ±iirh peYmrnf. ~•~:r,atitute ari event of defasiit
<br />entire this mnrtt[age. AL Martgagc•e`s ot,tion, 'd~rtgagor will tu-y a "late chose" not axc~ad•
<br />ietg tour per centum i d ~.) of any in3tall nrrnt when paid more than Aftaen (Ifi) days attar the
<br />due late ihereuf to cover the extra exp.=nor inrutved rn handFrngdelinquent paymrna, bee stedt
<br />"late charge" stsatl reel ta; payatsk out of the prvccstts of any sate made to satisfy the tsdadead-
<br />ness secur=ed hereby, unless such proca•ds are suftFcient to discharge the entire indebadeersrid
<br />aU proper costs and expenses secured thereby.
<br />,. If the total of the payeeenta madn by the liortgsgor under la) of paragraph 2 preeediag shall
<br />eeteeed the amount of payments actually made by the Mortgagee, u trustee, for ground rents, taxes and
<br />rrrpeeaa-e~u or iruuranee premiums, u the ease may be, such exeees shall be credited t-y the liortgegee
<br />sat aeebregeeeet pwymettb to be made br the Mortgagor for sash item or, at liartgagee's oytion. r trustee,
<br />drag Ere ratnndd to Mortgagor. 1f, however, such monthly payments shad not be suAlcient to pry suds
<br />items when fare name shall become duo and paysbi.~, then the Ilortgrgor shall pay to the lMortgagee, as
<br />trustee, my amount neceesnry to make up the deflcirncy within thirty (30) days after written Holier from
<br />the Mortgagee stating the amount of the deficicency, which rwticr may !x• given try mail. tf at any Liner
<br />the MCe'tr shall tendt+r kr the MurY,gag~+r, in sese,rdancr a rth Uie provisruns of the nutt+ rut ureci
<br />~, lets 1~YMat et the atitit+e taAMMdlrr lrprarMad tMs'.b7, the lime, as terrleh alfi;
<br />is esmpatiag flee eaeoaat d rack iedaWdte~w. t:radit to tar aoeoaet of tlr MortEl,agor aq credit brass
<br />rya utitlcrr 0rc ~ of (a) of parsgex$h F ttenol. if there shalt be a detaek leader say
<br />of tle provisioar ~ thir taortg+tgo resvttisg in a public sate a: the premises rntered hereby, or tt the
<br />liart~egae acquirer ter propraety otherwise afar default, the Mortgagee. as truster. shall apply. at the
<br />thlM Orr tar caaua+aeemaat of oath p.aoeediags, er at fir time the Property is otltezwire acgeired, the
<br />thats rwealate~ to ee~t thre Mostgagor seder (s) of paragraph 8 peeoediug, a• a credit oe the
<br />ilstatMt r~rrrard wed ftt~aid cad tAe bakatee a the priaoipal then reatalning napaid on said note.
<br />i. TAe tisA of the laet;zromptt ahr>I remain is full talcs and effect daring any postpanemrnt or e:ten-
<br />etas oft t#ta t'+~t~ ~~~ et de irdebtat~saa ar say part thereof .eeured hereby.
<br />~ ~sronnd tenter taxeD, sriesaoererts. wafer rates, and other governmental or munici-
<br />j~ paaltious, M rod ~ srtW ~isea sari tatat he wiq pay all taxes levied upon this
<br />mortgatge, or We debt eeeuead thetebtr, agather with any otter taxes or aareYn-ents which may be levied
<br />Ltltlbeh+~soi;~F9hraakasg+-iaattitaltostgagt+e,o.- the legs! tenkter of said prtincipat rote, on accotrnt e+
<br />tftis:b-dtnam, ess+rpt when payeeeaet for al! such items has theretofore been made under tn) of para-
<br />graph St hereof, and he will promptly deliver tyre oficial receipts therefor W the= zior°tgagre. In deiautt
<br />thereof the Mertxsgee may pad a rams.
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