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<br />"1'rr 13Ee4^t~ ,oti:~at~~ "~Co lrlr:nsl~ 9'~li,z .^s,rnti. sialitui r}tr, .itlti,~r ~~rti,~,~r~•, its lia.r•~~"iru, gii ~~~i it'~L~i~~:~ ,9,i~a~~,.r:,g~,.t,~~ir~ r-~~~;~na ti, ri,iCs~ `n;u,
<br />anr; Cvv"enact i,5 with, the S1L~Y[bagt _' r,:ai .rte .,l !trigagus i:ns ~=r;~; ,:y;i,: Lu .5_ ! aa.u C ss. __ <... ......,."~,
<br />tl'2t ~r'= ~_ > r,.€. _rvm ezCUnil:rat.~•e, _._„a :1t a:; l:i-reetia3tter+; ,.-: ~~=i 4E•:;; ,...'iir-f,Ilrvgagr ;t`i l 5t"ac rant
<br />and defend the s==me against the la~~~ ful"claims of a! pci•sons E:•hamsoerer. } Mot•tgag:~r 'r,erel}'. r:_•linquisl;es
<br />all rights of homestead, ail mat•ital rights, either i;t lase ar in e~;uit;; ~ and ail other contingent ititerests of
<br />the ;+Iartgagor ;n and to the above-described premises.
<br />PRtavTnl.v ALw?Y5, and these presents are executed and delivered upon the #allou•irg conditions, to
<br />wit:
<br />Mortgagor agrees to pay to the 3ortgagee, or order, the aforesaid principal sum Gi ith interest from date
<br />at the rate of ten ----------------per centum (10.0;'0 per annum on the an,,aicl balance antit void.
<br />The said principal and interest stall be payable at the atTce of Pars t Federal Savings and Lcan`
<br />in Lincoln, Nebraska , or at such other lace ss to o er o Lin oin
<br />p ~ 'lei l~i ~~he no€e may designate in
<br />writing aelivered ar mailed to tt~ iclortgagor, in monthly installments of TWU AUI~RED EIGHTEEN AND 52/100
<br />Dollars ($ 218.52 ), commencing on the Srst day of Septemlaer , 15 79 ,and continuing on
<br />the first day of each month thereafter until said note is fully paid, except that, if Hat sooner paid, the final
<br />payment of principal and interest shall be due and pay able on the first day of August , 2009 ;all
<br />.,,,,.urd:ng to rte t_....,, of a e,"lain p~•arn;ccn,•y nnt~ r,f avPn date herewith executed by the said Mort¢_attot•.
<br />The Mortgagor further agrees
<br />1. He will pay the indebtedness, as hereinbefor•e 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 0100.00), 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 urc'.<_r
<br />the terms of the note secured hereby; Mortgagcr will nay to Mortgagee, as t.,,st e (under the *~.rtns of ti.is
<br />trust as hereinafter stated) on the first day of each month until said note is fully paid:
<br />(¢) A sum equal to the ground rents, if any, next due, plus the premiums that_ will next become due
<br />and payable ott policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due on the mortgage-d property (all as estimated by the Mort-
<br />gagee, and of which the Mortgagor is notified) less 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 gromtd rents, premiums, taxes and special assessments.
<br />(Ir} The aggregate of the amounts payable pursuant to subparagraph (u) and those payable on the
<br />note secured hereby, shall be paid in a single payment each month, to be applied to the foilow-
<br />ingitems inthe order stated
<br />(z} ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(;I} .nterestan the Hate secured hereby; and
<br />f **" ^rtiza*_ian of the 1 ~f
<br />-_.:., e..:se - -- 3.acipa ti sold n3te.
<br />Ary deficiency in-the amount of any suet aggregate monthly payment shall, unless msde good
<br />y the stn ~.•i:,.° to tee diie a•=t~ ,-f ,hr - „k
<br />.' l * .. ~ •, .,~..t sit.. , paymen%, eanstttute art event of default
<br />t:tdeP tt;~ mU'rt ea 2. _A` ivrt" - e„ ~
<br />g g gagee's option, tlartgagor will pay a "late charge" not excaed-
<br />~T%g flier ~~. f• vet ruin r•~ ~
<br />- i (~l , r ; of any install menL ~i•hen paid more than fifteen (15} days after the
<br />- - ~ ~-.. _3f to cavet• ts":e extra exFr~rise in :°oived in handling doiinquont payments. but such
<br />late ~~,a gt" mall not 'rte payable out of the proceeds of any sale made to satisfy the indebted-
<br />ness secured c~ereby, unless such proceeds are sufficient to discharge the entire indebtedness and
<br />all proper costs and expenses secured thereby.
<br />3. If the fatal of the payments made by the Mortgagor under (a} of paragraph 2 preceding shall
<br />exceed the amount of payments actua}ly made by the Mortgagee, as trustee, for ground rents, taxes and
<br />assessments or insurance premiums, as the case may be, such excess shalt be credited by the Mortgagor
<br />on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br />shall be refunded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such
<br />items when the same shell biome due and payable, then *_he Mortgagor shall pay to the :;?ottgagee, as
<br />trustee, arm an-ioitnt 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 />ate Mortgagor shall tender to the Mortgagee, in accordance with the provisions cf the Rote secured
<br />hereby, fall payment of the entire indebtedness represented thereby, the Mortgagee, 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 (¢) of paragraph 2 hez•eof. If there shall be a default under any
<br />of the provisions of this nmrtgage resulting in a public sale of the premises covered hereby, or if the
<br />iriortgagee acquires rite property otltersvise after default, ttre Mortgagee, 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 />azns>zznt thEn remaining to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the
<br />interest accrued and unpaid and the balance to the principal then remaining unpaid on said note.
<br />d. The lien of this instrun-lent shall remain in full force and effect during any postponement or extzn-
<br />sion of the ti~te of payment of the indebtedness or any part thereof secured hereby.
<br />" 5. He will ?',ay all ground rents, taxes, assessments, water rates, and other governmental or munici-
<br />pal charges, fines, or impositions; levied upon sAid premises and that he will pay all taxes levied upon this
<br />mortgage, or the debt secured tte;•eby, together with any other taxes or assessments which may be levied
<br />under the laws of Nebraska against the Mortgagee, ar the legal holder of said principal note, on account of
<br />this indebtedness, except when payment for all such items has theretofore been made under {a) of para-
<br />graph ~ hereof, and he will promptly deliver the nfFC;al receipte therefor tti the Martgag°°. Ir. default
<br />thereof the Mortgagee may pay tte same.
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