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<br />Td H,~vv a~;a To Hvt~c~ tl~.ar, ~atnc; :z't:1.o tt~i,c ~'6=~ * a,gf'>:• .y ?iv:,.:~~iit lrxv~;~ic?~G~r;. ?vI<>r±gagcr~ r€s+r,.~=~ui~ts to,
<br />and covenattta t~•ith„ the iWYr;>m°tgaf;a.~, th'~i~tt t!!'ta:u lvtras•ig:+gc+a° ha., l,~~uu~~r` t~ulit t~~ +-1i a~tnd a~~:n~ey satrti ,~ret~G~E:dc:~;
<br />that 3~hey are fx•ee from etva~[~tnibeatue, cexcc,pt ors hcre~ixtatl~[kt nt::¢:, a•c,ii•t~rad; t;i,at f.lr,r i~riortgagaar,.t•iti .:art°ant
<br />and defend the same against the lawful claims of all ltersot:s t; homsoever. :~Iot•tgagor hereby relinquishes
<br />all rights of homestead, all marital x•ights, either in late cr in cquit}•, and al? of?ter contingent interests of
<br />the 3iortgagox° in and to the above-described premises.
<br />PROVIDED ALwnYS, and these presents are executed and delivered upon the foflowing conditions, to
<br />wit:
<br />Mortgagor agrees to pay to the ;lortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of ten -----------------per centum (10. (J;'~ }~e r annum on the unpaid balance until uaid.
<br />The said principal and interest shall he payable at the office of ofrLincodnral Savings and Loan Association
<br />in Lincoln , Nebraska , or at such other place as the holder of tl;e note may designate in
<br />writing delivered or mailed to the ;Mortgagor, in monthly installments of TWO RUNDRED SEVENTY TWO FEND 05{100-
<br />boliars ($ 2 / ~ • 05 ),commencing on the first day of December , 19 75 ,and continuing on
<br />the first dap of each month thereafter until said note is fully paid, except that, if not sooner paid, the final
<br />payment of principal anti interest shall be clue and payable on the fitst day of Wovember 2009 ;all
<br />according to the tet•tns of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He will pay the ir~dcbtedness, as hereinhe:fen•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 amouut of one
<br />installment, or one hundred dollars ($100.00), whichever is less. Prepayment in foil shall be credited ~_._:
<br />the date received. Part.iai prepayment, other than en an installment due date, need not be credited until
<br />the next follow:ng installment due date or thirty days after such prepayment, Ehichever is earlier.
<br />2. Together with, and fn addition to, the monthly payments of principal and interest payable under
<br />the terms of the note secured hereby, Mortgagor will 1>a}• to Mortgagee, as trustee, (under the terms of this
<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 an)•, next clue, plus the premiums that will next become due
<br />and payable on policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due on the mortgaged pre; ertp (ail as estimated by the Mort-
<br />gagee, and of .t~hich the Rortgagor is noti .eel) less ail sans 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 t;'ill bzc<>sme delitxluent, such sums to be held by Mortgagee
<br />in trust to pay said ground rents, premiums, taxes artd special assessments.
<br />(b} The aggt•egate of the amounts payable pursuant to subparagt•aplt (a} and those payable on the
<br />note secured hereby, shall be paid in a singh~ payment each :north, to be applied to the follow-
<br />ingitems inthe order stated
<br />(t) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(II) interest on the notesectu•ed hereby; and
<br />(IIt) atnertizatiot[ of the principal of said not+~.
<br />Anv delft.=~•nc_ ... the am[,[.nt +:* :~ - s[u.h aggr:~gate month!•• payment shall, uniEas made g^,ad
<br />by the Jortgagor priox• to the due date cif the next such payment, constitute an event of default
<br />under this ntr_at•tgage. At ~Sctrtgag-,,e•s ;,,,lion: Mortgagor Fvili pay a "late charge" not exceed-
<br />ing four l~•: ...:tom ; l , ~) [tr ~ ...s tt' =ent t:en paid more than fifteen (Iu) da.'s after the
<br />dun dept=_' *l:er~_?f to c-ors-r th i•xirct ~xp+:ttsc- iztsoived in handling delinquent payments, buts[tch
<br />•ic`lt-c i'ii:~!'~'.,f`" _~ :ail t:t~t ~-' ~s;'s~.%t5'- ;-u_ _-a the 1?r.]tt tis uny 5~1L' malit tC• Sati3fy i is in+`~`c'~tcu-
<br />ness ,~.~.[tr:-n nr r~•irs', uri~•ss su, r ,,, ~cr•< i arr• snl ~i lent to discharge the entire indebti'clness and
<br />all prop+~~r t.osts and c.xpenscs secured thereby.
<br />3. If the total of iltc 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 itsurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br />an subsequent payments to be made by the Mortgagvr for such items or, at Mortgagee's option, as trustee,
<br />shall be refunded to lortgagor. if, however, such monthly payments shall hat be sufficient tc: pity such
<br />items when the same shalt become due and payable, then the 3iortgagar shrill pay to the Diortg:tgct=, xs
<br />tx•ustc=e, any attxount necessat•y to make up the deficiency within thirty (30} days after :s^ :lien notice front
<br />the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at :[ny time
<br />the Mortgagor shall tender to the Mortgagee, itx accordance tivith the provisions of the note secured
<br />hereby, full 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 4he Mortgagor any credit balance
<br />accumulated under the provisions of (a) of paragraph `~ hereof. If there shall be a default under any
<br />of the praxis=:o*.ts of this mortgao resulting in a public sale of the premises covered hereby, or if the
<br />Mortgagee acquires the property otherwise after default, the 14Sortgagec, as trustee, shall apply, :[t the
<br />time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br />amount then remaining to ctedit 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 />4. The lien of this instrument sl^all remain in full force and effect during any postponement ar exten-
<br />sion of the time of payment of the indebtedness or any part thereof se:.ured hereby.
<br />` ° 6. He will pay all gt•ound 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 thereby, together with any other taxes or assessments which may be levied
<br />under the laws of Nebraska against the Mortgagee, or the legal holder of said principal note, on account of
<br />this indebtedness, except when pa3•tnent for ail such items has theretofore been made under (a) of para-
<br />grsph 2 hereof; and he will promptly deliver the official receipts therefor tc the Mortgagee. In default
<br />thereof the Mortgagee may pay the same.
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