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<br />. .. ~r~_i ~, ~J' =74. a.Ja ..1FINS; Arh-,,,:L~ i, rr s, ..~-_ .~,.- ~},'~i,~f ~. °„ xu=, .: r..:ae.rr pJ9 ,. FE,ii~~. r. ~l.a,e ±-,~gisp^,Ur ~~-t ra .~e~t:i,7i i:~,,.
<br />and ev~,•ena.t?a s;ith, the ~'r3ortgatee, that ?''~e 'iort;agrsr ?ass g~:~;~5 right t<~ s,,il and earave; said premi:rs;
<br />that they ~. v ire:-re from encumoranrz, exeEpi as hz-einotirer,t~isar rc-r_ii±•d; rrtst the Yriortgag,r.cili rvarrarit
<br />and defend the ,ame against the la.vful eiaimsof all gersvns y: he,msce~ca:•. ~,i,rrgagor iezr~ty relinquishes
<br />all rights of homestead, all roaritai rigltt5, either in Ia=.v ar in e<luity, and all ether contingent iriteresfs of
<br />the 3lartgagax• in and to the above-described premises.
<br />lvinE~ ~ t,c.'.~3~s, and these presents are executed and delivered uprsn the foll,sving conditions, to
<br />wit:
<br />Mortgagor agt•ees to pay to the ~iortgao>ee, or order, the afnr+'said r~r+.aci pal sum r•ith intzrest from date
<br />at the rata af ---------T£1}-------- per centum (10, (jc} ner anm~ri on the unpaid balance anti! paid.
<br />The said principal and interest shall be payable at the office of Camrercial Federal Savings and i.oan
<br />in Oinal-ia, ,~evraska , or at such ether place as the holder of the rote may designate in
<br />writing deli~:ered or mailed to the AIartgagar, in monthly installments of Throe ::>:~titadred Thirty-Seven
<br />Dollars {$- --~37 , 88--},commencing vn the first dap of September , 179 , ar,d continuing or.
<br />the first day of each month thereafter until said note is fully paid, except that, if net sooner paid, the final
<br />payment of principal_ and interest shall he doe and payable on the first day of August , 2604 ;all
<br />according to the terms of a certain promissory rote of even date herewith executed by the said Mortgagor.
<br />'I'hn 1Tnr4va vnr frrr•Phnr am•a~a •
<br />i. He wilt pay the indebtedness, as hereinbafore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness or any part thereof not Less than the amount of one
<br />installment, or one hundred dollars {~100A0), 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 eazlier.
<br />2. Together with, and in addition to, the monthly payments of principal and interest payable ander
<br />the terms of the note secured hereby, frI`arigagvr will pay to Mortgagee, as trustee, (under the terms of tip is
<br />trust as hereinafter stated) on the first day of each month until said note is fully paid:
<br />(a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due
<br />nd payable on policies of fire and other hazard insurance covering tl-,e mortgaged property,
<br />plus taxes and assessments next due an the mortgaged property (ail as estimated by the Mort-
<br />gagee, and of which the Mortgagor is notified} less all sums already paid therefor divided hp
<br />the number of months to elapse before one month prior to the date when such ground rents,
<br />premiums, taxes and assessments n-il1 become delinquent, such sums to be held by B'Iortgagee
<br />in ±rust to pay said ground rents, premiums, taxes and special assessments.
<br />(b) The aggregate of the amounts payable pursuant to subparagraph (a} and those gayable on the
<br />note secured hereby, shall be paid in a single payment each month, to be applied to the foliow-
<br />ingitems inthe order stated
<br />(Ij ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(ii) interest on the note secured hereby ;and
<br />(zit} amortization of the principal of said note.
<br />Any deficiency in the amount of any such aggregate monthly payment shall, unless made good
<br />by the tllortgagor prior to the due date of the next such payment, constitute an event of default
<br />under this mortgage. At llattgagee's vation, islortgagor will pay a "late charge" not exceed-
<br />- =nG four ;,•er .;entu:ri (z ~) -~ any installment :, et. paid snore than fifteen (ia) days of*_er the
<br />disc clatLr the,•n f to rn~ar• thn nrf ran •, o •ri,fo.i i„ Nandi:""' `~el'nv' i """-'--
<br />-L*- ., ..x~...n8.. in.....~ ... _ .,~ ~. . .icnr. ~ayaxc*_r~~ r butsuch
<br />"late charge" shall not be payable out of the proceeds of any sale ?node to satizfy*-h=e indebt3d-
<br />ness secureci nereby, unless such proceeds are sufficient to discharge the entire indebtedness and
<br />all proper casts and expenses secured thereby.
<br />$. If the fatal of the payments made by the Mortgagor under (a) 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 ease may be, such excess shall be credited by the Mortgagee
<br />on subsequent payments to be made by the M'artg4gor for such items or., at Mortgagee's option, as trustee,
<br />shall be refun~ed to lbiortgagor. If, however, such monthly nayntents shall not be sufficient to pay such
<br />'items Whr±n tha ca1rta ghaii harnma d,en and payg}~te, than the Mortgagor shall pay tv ±he 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 given by mail If at any time
<br />the 2ortgagor shall tender to the Mortgagee, in accordance with the provisions of the nvt~ secured
<br />hereby, fhll payment of the entire indebtedness represented thereby, the biartgagee, as trustee, shall,
<br />in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br />accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under any
<br />o_° `r~L prov-isi^ = of `:~d~- mu egag~ resulting in a puhli:, sale of the premises covered 1-aereby, ar if the
<br />Mortgagee aeauires the nraperty otherwise after default, the :~ivrtgagpe, as trustee, shall apply, at the
<br />time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br />amount then remaining to cxedit the I4Yortgagor under (a} of paragraph 2 preceding, as a credit on the
<br />interest accxued and unpaid and the balance to the principal they remaining unpaid on said note.
<br />4. The Lien of this instrument shalt 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 />• $,'fIe will pay all ground rents, taxes, assessments, water rates, and other governmental or munici-
<br />pal charges, fines, ar impositions, levied upon said premises and that he will pay all taxes levied upon this
<br />inatirtgage, ar 4•fte debt secured thereby, together with any other taxes or assessments which may be levied
<br />~a'~Ide>a the }~ws of Rle6rusi~ agoinAt cl+P Mortgages, ar the legal holder of said principal note, on account of
<br />t~h~ in'€~h~~.'n, exupt cvh~f payment for all such items has theretofore been made under (a) of para-
<br />g app g ltpr~} and he cv9ll pr^~nptly deliver the o~~ial r~ripts therefor to the A•iortgagee. In default
<br />iitereof the mtortgagee may pay the same.
<br />Assn.
<br />8fi/lOs
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