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<br />To Hs?Irn Alva Td Hot.a the same unto the Mortgagee, as &erein provided. Mortgagor represents to,
<br />and cevena~te with, the Mortgagee; that the 'Mortgagor has good right to sell and convey said premises;
<br />tlist they si`e free from encumbrance, except sa herein otherwise recited; that the Mortgagor will warrant
<br />sad defend the same against the lawful claims of sli persons whomsoever. Mortgagor hereby relingniahes
<br />all ri~-ts of homestead, all marital rights, either in taw or in equity, and a;i other contingent interests of
<br />the Mortgagor in and to the above-described premises.
<br />Pxovta~ ALWAYS, and these presents are executed and delivered upon the following conditions,
<br />ib wit:
<br />Mortgagor agrees to gay to the Mortgagee, or order, the aforesaid principal sum with interest from
<br />date at the rate of Nine and one-half per centum (9-1 / 2 °Jo) per annum on the unpaid balance
<br />until paid. The said principal and interest shall be payable at the office of the Loan Guaranty Officer,
<br />Veterans Administration Regional Office, Lincoln, Nebraska, or at such other place as the holder of the
<br />note may designate in writing delivered or mailed to the Mortgagor, in monthly installments of
<br />One Hundred Ninety Nine and 71/100 Dollars ($ 199.71-------).eommencingonthe
<br />first day ~ Jane ,19 79 ,and continuing an the first
<br />day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final pay-
<br />ment of principal and interest shall be due and payable oa the first day of May ,
<br />2009 ;all according to the terms of a certain promissory note of even date herewith executed by the
<br />said Mortgagor.
<br />The Mortgagor further agrees
<br />3. He wilt gay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br />tame, without premium or fee, the entire indeb*.,edness or any part thereof not less than the amount of one
<br />installment, or one hundred dollars ($100.00), 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 date 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 to Mortgagee, as trustee (ender the farms of
<br />this trust as hereinafter stated) on the installment due date of each month until said note is fully paid:
<br />(s) A sum equal to the ground rents, if any, nett 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 />glue taxes and asaeasmenta next due on the mortgaged groperty {ail as estimated by the Mort-
<br />gagee, sad of which the Mortgagor is notified) teas all 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 will become delinquent, such sums to be held by Mortgagee
<br />in trust to pay said ground rents, premiums, taxes and special assessments.
<br />(b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the
<br />note secured hereby, shall be paid in a single payment each month, to be apglied to the follow-
<br />ing items in the order stated
<br />(t) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(II) interest on the note secured hereby; and
<br />(ut) amortization of the prizicipai of said note.
<br />Any deRciency in the amount of any such aggregate monthly payment shall, unless made good
<br />by the Mortgagor prior to the due date of the next such payment, conatiW to an event of default
<br />under this mortgage. At Mortgagee's option, Mortgagor will pay a "late charge" not exceed-
<br />. ins four per centum (4 qo) of any installment when paid more than fifteen (15 } days after the
<br />due date thereof to cover the extra expense involved in handling delinquent payments, but such
<br />"late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebted-
<br />ness aeeuredhereby, unless such proceeds are sufficient to discharge the entire indebtedness and
<br />all proper costa and expenses secured hereby.
<br />3. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br />exceed-tile 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 snbsequeat payments to be made by the Mortgagor for such items or, at Mortgagee's option, shall be
<br />refunded'to MoKgagot. If, however; such monthly payments shall not be sufficient to pay such items
<br />when-the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee as trustee
<br />any amount necessary to make up-the deficiency within thirty (30) days after written notice fmm the
<br />i4?~ttgagee sE~21tt~ 2lie;gsiount of-the defteieocy,-which notice may be liven my mail. If at any time the
<br />Mortgagor shall'feader to the Morigag~, in accordance with the provisions of the note secured hereby,
<br />full payment of the entire indebtedness represented thereby, the Mortgagee as trustee shall, in computing;
<br />the amount of such indebtedness, credit to the account of the Mortgagor eny credit balance accumulated
<br />under the provisions of-(a) of paragraph 2 hereof. If-there shall be a default under any of the provisions
<br />of this mortgage resulting in a public sale of the premises covered hereby, or if the Mortgagee acquires
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