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<br />To EavE avD To HOLD the same unto the Mortgagee, as herein provided. Rortgagor represents to,
<br />and covenants :vith, the Mortgagee, that the Rortgagor has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinotltertvise recited; that the Mortgagor trill :currant
<br />and defend the same against the latcful claims of all persons trhomsoever. ltlortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, either in late or in equity, and all other contingent interests of
<br />the Mortgagor in and to the above-described premises.
<br />P$QVIDEB ALtval's, and these presents are executed and delivered upon the following conditions, to
<br />R2t:
<br />Mortgagor agree, to pay to the 1ortgagee, or order, t}te aforesaid principal sum with interest from date
<br />at the rate of nine and one-half---ter cantum (4.561-) i;er annum on the unpaid balance until paid.
<br />The said principal and interest. shall be payable at the office of F> rst Federal Safvings and Loan
<br />in , or xt such other lace As c~a~~.on ~I Lincoln
<br />Lincoln, Nebraska p ~~ie to er o to no e may designate in
<br />writing delivered or mailed to the Mortgagor, in manthh installment. of 'THREE HUNDRED NINETY FIVE :\ND
<br />Iloilars ($ 395.20 }, commencing on the first day of ~,uy , lU?~~ ,and coniinuing on 20/ 100
<br />the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the tntxl
<br />payment of principal .end interest shall be due and lktyabie on the first day of one 2~Oa ;all
<br />according to the tet•tns of a certain promissot•y Hate of even date h~•ren•ith executed by the said Mortgagar-
<br />The Mortgagor farther agrees:
<br />1. He trill pay the indebtedness. a_s hereiubefore provided. Privilege is reserved to prepay at any
<br />time, trithout premium or fee, the entire indebtedness ar an,: hart thereof not less than the amount of one
<br />installment, or one hundred dollars (5100.00), whichever is less- Prepayment in full shall be credited on
<br />the date received. Partial prepayment, other than on aft installment due date, nerd not be credited until
<br />the next following installment due date or thirty days after such prepayment, whichever is earlier.
<br />~. Together with, and ir. addition to, the monthl}- payments of principal and interest payable under
<br />the terms of the note secured hereby, Aicrtgagor a ill pay to 3icrtgagtr• as trustee, (under the terns of this
<br />trust as hereinafter stated) on the first dap of each month until said Hate is fully paid
<br />(a} A stem equal to the ground rents, if env, next due, plus the premiums that will next become due
<br />and parable on policies of fire and athi~r hazard insurance covering the mortgaged property,
<br />plus taxes and assessments nest due un the mortgaged prcpet•ty (all as estimated by the 9iort-
<br />gagee, and of tehiclt the ~iartgagar is noti;ied) less all sums alreaiiv Laid therefor divided be
<br />the nunitxr of months tit elapse befce~e c,tte month prior to the date when such ground rents,
<br />premiums. taxes :and ea-::r.>.m~•nt: tt i;: u,•~ame dt•iinquent. such sums to be held by .lortgagee
<br />in trust to pay said f;t~.,uu,l r, nts, pr,miums, taxes and special assesstttents-
<br />(b) The aggregate +,f the anxuu,ts pa: able pursuant t,~, subparagraph (~) and (hose payable on the
<br />note secured here[,}', shalt ik pat+i in a ingla pa~-mrnt earl: month. to be applied to the foilotc-
<br />ingitems lathe onler st.,_td :
<br />(1) ground rents, taxes, ass,_timt•nts, tier an+l other hazard insurance premiums;
<br />(aI) interest an the note serur.•d }teri•by; and
<br />(tit) amartiaation cf the principal cf said note_
<br />any drC7riencj iu the an,>t:t;t -+;' :tai ~.<c h aggregate monthl}' pati:nent she":, unless made goad
<br />b}• the \iortgagor pricer tc+ the due yat,• =,f the next such pa}-meat, constitut-: an even*. of default
<br />under this mortgage. at 1lortgagee's olxix.n. \ivrtgagor uili ptiy a "late charge" not exceed-
<br />ing four lace rep±utn (]'r 3 of un}• in=tail ntent n-hen paid rx,t•e than nfteen (15) days after the
<br />due date thrrc•c,f to cover the extra es(x~tae invalved iu handlingdelinyuentpayments, but such
<br />"late charge" shall not be pa}-able out of the pr. ~t~e~ls i,f ari• sale made ±a satisfy the indebted-
<br />ness sect:red beech}•, unless such pt•±u,R•ds are suiliciettt to disrharga the entire indebtedness and
<br />all proper costs and expens<ys sf~c uat+il thc~reb}-.
<br />3. If the total of the payments made by rho "Jlortgagor under (ay of paragraph ? preceding shall
<br />exceed the amount of payments actually made by the :tlnrtgagee, as trustee, fcr ground rents, taxes and
<br />assessments ur insurance premiums, as The case may be, such excess shall be credited by the Mortgagee
<br />on su~quent payments ttr be made by the liartgagor far such items ar, at Mortgagee's option, as trustee,
<br />s'~.aii be refunded to ~Iorkga~tr. lf, however, sur.lt mortltl}• pa}-meats shall not be su,°5eient to pay suet:
<br />items when the same sttai3 1•r`come due and payable, then tlae '_4ortgagor shall pay t.o the Mortgagee, as
<br />trustee, any amount necessary to make up the denciency within thirty (30) daysafter:aritten notice from
<br />the Mortgagee sLatiag the amount of the def~iency, cc bleb mice may be given by mail. If aY any time
<br />the Mortgagor shall tender to the tl3ortgagee, in accordance with the provisions of Ute note secured
<br />hereby, fuU payment of the entire indebtetlrtess repmsented thereb>•, the '_t9ortgagee, as trnstee, she}1,
<br />in computing the amount of such indebtedness, credit to the account of the 3lurtgagor any credit balance
<br />at~arnulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under any
<br />of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the
<br />Mortgagce acquires the property otherwise after default, the 9iartgagt~+e, as trustee, shall apply, at the
<br />time of the commencement of such prveeedings, or at the time the prnperty is otherwise acquired, the
<br />amount then rnmaining to credit Ltte Drlortgagor under {a) of paragraph 2 preceding, as a credit an the
<br />interest accrued and unpaid and the balance to the principal then remaining unpaid on said ante.
<br />9. The lien of this instrument shall remain in full force and effect during any postponement or exten-
<br />sion of the time of payment of the indebtedness or any part thereof secured hereby.
<br />~. He viii pay ail ground rents, Luxes, assessments, water rates, and other governmental or munici-
<br />pal charges, fines, or impositio_;s, levic-d upon said premises ar:d that he will pay all taxes levied upon this
<br />mortgage, or the debt secured thereby, together with any other taxes or assessments which may be levied
<br />under the laws of Nebraak$ against the Mortgagee, ar the legal holder of said principal note, an account of
<br />this indebtedness, except when pa}mtent for all such items has theretofore be-trn made under fn) of para-
<br />g_ranh ~ heiasf, and hn _;ii ro,:_ptty deliver the %Ific.al ,~;eipt° thxr fcr t{; ;!::. 11:,; IKat;c•y. In dat'au#t
<br />thercwf the Mortgagee stay pay the same.
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