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<br /> �� �„pr'•.}µn-:�.+ .- To Hev��NU To Hot.n the�ame unto the MortgaQee,++s herein provided. Mort�a�or reprcaenb to�
<br /> "���"`"�'° � •� and cavenAnb with,the Mortgo�er.th�►t the MortQay�or h�a Qood riQht to sell�end convey eaid premises;
<br /> ��'_ °���+ thAt they xro free from encumbrance�except ss hereinotherwise recited;that the Mortaa�or will warrant .�;;,.�
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<br /> � �a, � - ��a4 and def�nd the same a�ainst the la«•ful clAima of all peraons whomsoevcr. Mortga�or hereby relinquishes
<br /> �.,� ;;;i�,;f. all righte of horncatend,ali marital righte,either in la�v or in equity�and all other contin�ent interesb oE
<br /> ��� ,,;,i d the MortaaRor in and to the ubove-described premiaea.
<br /> ' ":�;,��'��:' ''.. PROVIDfiD ALWAY6.and these prearnte are executed and deliv�red upon the followin� conditioru�to �_
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<br /> rta�•tgugor aQrces tu prsy to the hiort�ngee,or ordcr,the aforesaid principsl sum with intereat from date _ _�_ .
<br /> �;., ' at the rate af EIGHT AND ONE-HALF per centum (8.5 i�)Per annum on the unpuid balance until paid. �� _
<br />�: .',°., � .. The eaid principul and interest shall be payable at the oflice of TME EQUITABLE BLOG. AND LOAN ASS�N. ----
<br />;.': �' �jn GRANO ISLAND, NEBRASKA �or ut such othe�place as t he ho l der o f t he n o t e m a y d e s i g n a t e i n �
<br /> �,.,.,?�-._
<br /> wrlt�ng deliveced or mailed to the Aiortgugor,in monthly installmenta of TWO HUNDRED EIGHTY FIVE ANO 58/100 _�__
<br /> �.:� . ,;����•��- Dollarx ($ 285.58 ),commencinK un the flrat d�y of March .l9 92 .and continuing on ra•.,�===--
<br /> ,r � . a"'�--- the first day of each month thereafter until said note is fully paid,except that,if not sooner p�id�the 8nal ��..;_,:_:
<br /> ' .. ` �y°�F °�, payment�f principal und interest ahall be due and payable on the firat day of Februery 1� 2Q07 ;all �:T__ L
<br /> ���"�� ''�• According to the terma oi a certain promiasory note of even date herewith executed by the said Mort�a�or.
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<br /> ' ' ° � The Mort�aSor fu rther agrees: �+'��
<br /> . i. HeJohe will pay the indebtedneas� eo hereinbelore provided. Privilege is rererved to pe'ePaY at�nY gT��``-
<br /> ..- __-. - time� wlthout premium or fee,the entire indebtednew or any part thereoi not Ie�than the�mount oi one •:.7�.�,``, ._
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<br /> '''"�' • installment,or ane hundred dolla�s (�100.00�whichever is le�s.Psepayment in tuU rhall be credited on the ,;,5:�
<br /> . � . date received. Paztial PrePeYment, other than on an irutallment due date,need not be credlterl untjl the ^,•i;'};.,.�.:--
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<br /> . • :,, �."•;;.`.,..'-., ne�ct following iiutaUment due date ot Yhirty daya after such prepayment,whichever b euliar. �,����,�.'.f�.,�1;_-.
<br /> '� � '�''�`�'�����'° �, the monthly payments of principal and interest pay�ble under ` f!";1'"��:`'�
<br /> � ����:��.•.� 2. To�ether with�and in addition to, ''•�'tr.rP<<�—
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<br /> ' �,�'•�'.;r,:�t: �: the terms ot the note secured hereby,Mortgagor a•ill pay to Mortgagee�as truatee, (under the tetms of this
<br /> � truat aa hereinaftez atated) on the first day of each month until said note is fully paid: :�,;,�;.,'y:,.�'��.
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<br /> „ ' �.�, (a) A aum equal to the ground rents,if any.next due� plua the premiuma that will next become due '�;,�..,�,:�. .-.
<br /> ' and payable on policies of fire and other hazard insurance covering the mortg�ged prupertY� �b�,�•c: �
<br />-: - _ �.�.. ;;;,�, _ plus tax�R�nA nssessments next due on the mortgaged property(all as estimated by the Mor� _�,<<�;,; . ,•
<br /> :�,,1',i, '. gagee.and of«•hich the Mortgagor is notified) lesa all sums already paid therefor divlded by �;� ,f ..
<br /> ;.�;;;: :. the number of months to elapse before one month prior to the date when auch�round renta, , � ���E.
<br /> "���:�•• � premiums, taxes and assessments ��•ill become delinquent,auch aums to lae held by Mort�a�ee �,•�:-:
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<br /> �. ' in trust to pay said ground rents,premiums,taxes and special aesessmente. •
<br /> '� � � (b) The aggregatc of the amounts payable pursuant to aubparagraph (a) and thoae psyable on the •�.• .
<br /> �����'`` note secur�d h��reliy,ahall be paid in a ain�le payment each month�to be applied to the foUow- "4%;;:'•y�•�_.I
<br /> •' `��`�.+�•�� .: in�items in the order stated: !s,"-,+'�,:�. �;.•r�
<br /> (t) g�•ound rents,ts�x�4,assessments,fire and other hazard insur�tnce premiumt; �=.+�,�-_,y
<br /> . . p[) interostunthenutesecuredhereby;and �.__'_+`'�"�"
<br /> pit) �unm•tizatiun<►t the p�•incipal of said note. �"��.�;=�:
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<br /> �'�;::;, Any deticienc��in the stmount nf nny xuch aggregate monthly payment ehall,unleaa made�ood •.. �.�. ,._y
<br /> • t,y rn� nt��•�Rxx�l•rrior to th��dur date of the next such payment,constitute an event of def�ult .,_--
<br /> ' , �.,-> ^ under this mortRage. At Atorlgagee's option. Mortgagor will pay a"late char�e"not exceed- �,;-::;-__
<br /> � ing fow•pn�•rentum (4�%) of any install m�nt ��•hen paid more than fifteen(lb)daya after the ' � '.�
<br /> � • � due dat��th��•cof to corer tht��xtrn rxpeose involved in handlingdelinquentpaymenta�buteuch :'i�4�':;;�-':
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<br /> :-,_ • "late chu�•ge" ghall not kx�payabl�out of thc procecda of any sale made to sAtiafy the indebted- .
<br /> � � '1 nesasccuredh���•t•by,unlessauchproc���dsuresuflfcienttodischar�etheentireindebtednes9and ,��yv,,:..:";.;�
<br /> . ��'':'•:` aU proper costs nnd expensea secured theroby. '��•'`
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<br /> � • 3. If the total of the payments made by the Mortgagor under (a) ot paraRraph 2 precedin��hall �k',:�,.
<br /> " , exceed the amount of payments actually made by the Mortgagee, as trustee, for ground rents.taxea�nd
<br /> asseasments or insurance premiums,as the case may be. such excess ahall be credited by the Mort,�aS�ee
<br /> on subsequent payments to be made by the Mortgagor for auch items or,at Mortgagee's option,Aa truetee, ..
<br /> shall be refunded to Mortgagor. If, however, such monthly payments$hall not be autflcient to paY such
<br /> � � � itema when the same ahall become due and payable, then the Mortgugor shall pay to the Mortgstgee. as
<br /> ' truatre, any amount necessary to mnke up the deficiency within thirty (30)days After written notice from
<br /> • ' the Mortgag�ee atating the amount of the deficiency, whirh notice may be given by matl. Ii At any time
<br /> the Mortgagor shall tender to the Mortgagee� in accordance with the provisions of the note aecured � �
<br /> hereby, full payment of the entire indebtedneas represented thereby, the MortgaBee� ea truatee, ahall, �
<br /> in computing the amount of auch indebtedness, credit to the account of the Mortgs�gor any credit balance
<br /> ' ' accumulated under the provisions of (a) of paragraph 2 hereof. If there ahall be a defAUlt under any F
<br /> of the provisions of this mortgage resulting in a public sale of the premises covered hereby. or if the �
<br /> Mortgagee acquires th� property otherwise after default, the biortgagee, as truatee,ahall apply,at the :
<br /> � time of the commencement of such proceedings, or at the time the property is otherwiee acquired, the
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<br /> ' ^� � amount then remaming to credii ine iriori�a�,r uuuc� �u� va Nwao�.wp••.. �.•.......•••o---'--'--
<br /> interest accrucd and unpaici and the balAnce to the principal then remainin�unpstid on said note.
<br /> 4. Th�lit�n of this itistrum�mt shall r�main in full force and effect during any poatponement or exten-
<br /> � sion of the time of nu>'m�nt of thr ind�bt�dnesa or anv oart thereof secured hereby.
<br /> 6. He�ahe will pay aU ground rents, taxes. eaceasrnents, water tatet. �nd ather QovernmenW or
<br /> municipal charges, tines. or impositiona, levied upon aafd premiaes ond thet helohe will pay all t+uce�levied
<br /> upon this mortgage, or the debt secured thereby. togetl►er with any other tazet or�aewmenb which may
<br /> be levied under the laws of Nebragka against the Mortgegee, or the legel holder of wid principal note. on
<br /> account ot thie indebtedness, except when payment for all such items haa theretofore been made under(a)
<br /> � , � of paragraph 2 hemof,and he/she will promptly deliver the �ffi��� �eipta therefot to the MortQ�ee. In
<br /> default thereot the Mortgegee may pay the same.
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