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<br />79- v(143
<br />Tn HA'vE nxn To HoLn the same unto the Mortgagee, as hereitt provided. Mortgagor represents to,
<br />and cov°enants with, the 113ortgagee, that the ItSot•tgagor has good righi to sell and convey said premises;
<br />that they- are free from encumbrance, except as hereinotherwise recited ; tha± the Mortgagor will ~tarraut
<br />and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />alt rights of homestead, all marital rights, either in law or in equity, and all other contingent interests of
<br />the 3ortgagor in and to the above-cleseribed premises.
<br />PR6VIDED Al.waYS, and these presents are executed and delivered upon the following conditions, to
<br />wit:
<br />;Flaz-tgagor agrees to pay to the Mortgagee, nr order, the aforesaid principal sum with in±erest from date
<br />at the rate of ten --------------- per centum (10.0`<) Ix r annum on the unpaid F;aiance until paid.
<br />The said principal and interest shall be payable at the office of First Federal Savings and Loan Association
<br />to Lincoln, tieb-asks • of at such outer place as1trte~i~,~dez• of ±he note may designate in
<br />writing delivered or mailed to the .Mortgagor, in monthly instalimerts of ONE HUNDRED SEVENTY ONE AND I3% I00
<br />Dollars ($171.13 ), commencing on the first day of ~ugus t , 19 7~ ,and continuing on
<br />fire first day at each month thereafter until said note is fully raid, except that, if not sooner paid, the final
<br />payment of principal and interest shall be due and payable on the first day' of ~~ may, =009 ;all
<br />according to the terms of a cez•tain promissory- note of even date heretrith esecuted'oy the said EIm•tgagor.
<br />The ~forlgagor further agrees:
<br />1. He will pay the indebtedness, as hereittbefore provided. Pritilege is reserved to pz•egar at any-
<br />time, w thout premium or fee, the entire indebtedness or any- part 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 or.
<br />the date received, Partial prepayment, other than on an installment due date, need not be credited until
<br />the -port fnllaa z"a° inFcYalimnnt d»e date or thirty clay s after such urepayment, 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-, 3lortgagar brill pay to Mortgagee, as tntstee, (under the terms of this
<br />trust as hereinafter sated) on the first day of each month until said note is fully paid:
<br />{,rJ ~ sum equal to the geeund rents, if any, nett due, plus the premiums that ~c-ill nest become due
<br />and payable an policies of fire and other hazard insurance cotering the mortgaged property,
<br />plus tales and assessments nest due on the mortgaged property (all as estimated by the Mort-
<br />gagee, and of which the 3ortgagor is notified) less alt sums already, paid therefor divided by
<br />the number of months to elapse before ape month prior to the date when such ground rents,
<br />premiums, taxes and asseacm~nts will t'zcome delinquent, such sums to be held by Mortgagee
<br />in trust to par said ground rents, premiums, taxes and special assessments.
<br />(b) The aggregate of the an:aunts parable pursuant to subparagraph {n) and those payable on the
<br />note secured hereb>, shall be paid in a single payment each month, to be applied to the follow-
<br />ing items in the order stated
<br />(t) ground rents, taxes, 2ssessments, &re and other hazard insurance premiums;
<br />{ti) interest on the note secured hereby ;and
<br />(ttl) am~,z~zzation of the principal of sal:] note.
<br />nny det5cirncy in the amount of at:y- such aggregate monthly payment =hail. unless made good
<br />by the 3iortgagur prior to the duo date of the next such payment, renstitut~• sn event of default
<br />under minis mortgage. 3i \Iartgagee's option, Mortgagor will pay a `?ate charge" not acceed-
<br />ing four per centum (l ti) of atzy install ment a h<~n paid more than fifteen { i5) days after the
<br />due dire therxtf to corer the axtra erpense incalted in handlingdelinquent pa;•menfs, but such
<br />"lace charge' shah rut tle parable out of the prrteeds of any sale made to satisfy the indebted-
<br />ness secured hereby, unless such proceeds are sulnriert to discharge the entire indebtedness sod
<br />all proper casts and expenses secuzt d Llzereby.
<br />3. If the total of the payments made by the Mortgagor under ta) of paragraph 2 prtireding shall
<br />exceed the amotmt of payments actually made by the Idartgagee, as trustee, far ground rents, taxes and
<br />assts or insurance premiums, as the case mar be, such eccess shall be credited by tfie Mortgagee
<br />an sa»bsegnent payments to be made 6y the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br />shall be refunded to ~Iartgagur. If, ho~x•ev~r, such monthly paymzents shall not tee sufTteient to pay such
<br />its •2 : ~e ease mall *.•~~~e due and par$'.~'^, Lrten the ?~ortgagar shall pay to the I4Sorigagee, as
<br />t3nstee. any amount n~essar;- to makeup the deficiency n°ithin thirty (3G) days after written notice from
<br />the )y[ortgagc~e atstiag the amount o€ the deficiency, which nrstice nuzy he given by mail. If at any time
<br />the Mo3'tgagar shall #ender to the 4lartgagee, in accordance u ith the pratisians of the note secured
<br />hereby, full payment of the entire indebtedness represented thereby. the Mortgagee, as trustee. sha21,
<br />is computing the amount of such indehtec3neas, credit to the acwunt of the 9ortgagor am credit balance
<br />aoe+mtnlated under the protsions of (a) of paragraph 2 hercrof. If titers shall be a default under any
<br />ad t13e provisSons of This mortgage resulting in s public sale of the premises catered hereby, or if the
<br />Martgag~ acquires the property atherwiae after default, the Mortgagee, as trustee, sha21 apply, at the
<br />t~ ~ t~ ~ _=..e~.,.~..t ct-t se,^.h ; rowdings, or ~r rsio ±;..le rya pro{tnrty is oLheru-i. a acquired, the
<br />amu<wnt the r~airzisg to erodit the Mortgagor under (a) of ~ragraph 2 preceding, as a credit on the
<br />%nte~t sctrved aml unpaid and the balance to the principal then remaining unpaid on said note.
<br />4 The Tien of tiZis inst:vanent shaIl r+_.rnair, in fuIl force and effect during ant postponement or exten-
<br />aion of ttf,payment of the indebtedness or any part thereof secured hereby.
<br />s. Ile sr~' ell ground rents, ta3cea, °==- =°~::mrfia, u~atgr r-aiss. and other governmzntal ar munici-
<br />pal chstg~a, finea, or impo3itions, levied upon said premises and that he will pay all taxes'.evied upon this
<br />mtbrtgAge, or the debt secured t:.ereby, toge#her with any other lases or assessments :thich may be levied
<br />uts~#~lawsofi~3ebraskaagainstthe9iortgagee,or the legal holder of said principal note, on account of
<br />this in~lxteo'ness, except when payment for a1I such items has theretofore been made under (a) of para-
<br />graph ~ hereof, and he will promptly delive. the official receipts therefor to the ?13ortgagee. In default
<br />4eeiec)tdhe„~dolr~gagoe may pap the same.
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