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<br />TO HAVB eNn To Rota the aarrie unto the 1[orrgag+ce, ae herein provided. Mortgagor represents to,
<br />and covenants with. the Mortgagee, that the Mortgagor has good right to sell and convey said premises;
<br />that they are free from encumbraraee, ezcept as herein o#herwise recited:that the Mortgagou will warrant
<br />and defend the same against the lawful elaimt of all perawra whrrmeoever. Iortgagor hereby trelitatluishes
<br />a@ itgtt#a of homestead, all tn:ritsi rights, either is hw ar in etluiity, and a8 otlt~s eontingrnC lnteretrts of
<br />the TOr in and to the abavedescriFred premises.
<br />p!t)vID1±a Al,wAY9, grid these presents are executed and delivered upon the following conditions,
<br />t4 wit:
<br />3[ortgagar agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from
<br />date at the rate of 'Thirteen per centum ( 13 °/n) per annum on the unpaid balance
<br />until paid The said principal and interest shall be payable at the office of the Loan Guaranty Officer,
<br />Yeter'ane Administration Regional Office, Linrnln, Nebraska, or at such other piece as the holder of the
<br />note may designate in writing deliverwl or mailed tb the Mortgagor, in monthly installments of
<br />'Fwo Ifundrecl Twenty 7:ine :rnd 9Ri1(?U-Dollars (~ X29.98 ), commencing on the First
<br />day of Fc~i,ruarv , 19g; ,and wntinuing on the f=irst
<br />day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final pay-
<br />ment of principal and interest shall 6e dne and payable on the First day of .T:rnuary
<br />?011 :all according to the terms of a certain promissory note of even date herewith executed by the
<br />said Mortgagor.
<br />The Mortgagor further agreees:
<br />1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness Frr any part thereof rat less than the amount of one
<br />installment, or one hundred dollar ($100.W), whichever is teas. Prepayment in full sha-1 be credited on
<br />the date received. Partial prepayment, other than on an in tallment due date, need not be cmdited until
<br />the next following utstalltrient due date or thirty days after such prepayment, whichever is earlrer.
<br />?. Tagether wits, and in addition to, the monthly payments of principal and interest payable under
<br />the terms of the note secured heretry, Mortgagor will pay to Mortgagee, as trustee (under tie terms of
<br />ibis tmst as hereinafter staiedj on rile installment due date o each month until said note is fully paid:
<br />(sj A sum equal to the graund rents, if grey, next due, Pius the premiums that will next become due
<br />apd payable on policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due on the mortgaged property 1 all as estimated by the Mort-
<br />gagee, and of which the Mortgagor is notified) leas all sums already paid therefor divided by
<br />the numbez 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 ground rents, premiums, taxes and special assessments.
<br />(bj The aggregate of the amounts payable pursuant to subparagraph ta) and those payable on the
<br />note secured hereby, 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 recta, taxes, assessments, fire and other hazard insurance premiums;
<br />(iC) interest on the note secured hereby; and
<br />(Ill) amortization of the principal of said note.
<br />Auy deficiency in the amount of any such aggregate monthly payment shall, unless made good
<br />by the Mortgagor prior to the due date of the next such payment, constitute an event of default
<br />under this mortgage. At Mor¢gagee's option, Mortgagor wilt pay a "late charge" not exceed-
<br />ing four per centum (d~4) of any installment when paid more than fifteen (15) days after the
<br />due date thereof to cover the extra expense involved in handling delinquent payments, but such
<br />"late charge" shall not be payable nut of the proceeds of any sale made to satisfy the indebted-
<br />ness secured hereby, unless suer. proceeds are sufficient tv discharge the entire indebtedness and
<br />ail praper casks and expenses secured hereby.
<br />3. if the total of the payments made by the Mortgagor under (a) et paragraph 2 preceding shall
<br />exceed the amount of payments actually made by the Mortgagee as trustee for graund rents, taxes and
<br />assessments otinsutance premiums,as the case may be, such excess shall 6e credited by the Mortgagee
<br />on subsequent payments io be made by the Mortgagor for such items or, at Mortgagee's option, shall be
<br />refauo'ed to aiotfgar`,br. °v m ,..ly waytr ~.,a. ~..,. ..o pay ~,..... ,.e,,.~
<br />when the same shall become due and payable, then the Mortgagor shall pay lo,the~Mortgagee as trustee
<br />any amount necessary to make up the deficiency within thirty (30} days after written notice from the
<br />Mortgagee stating the amount of the defiuency, which notice may be liven my mail. if at any time the
<br />'Mortgagor shalt tender to the Mortgagee, is accordance with the p[ovrsrons of the note secured heretre,
<br />full paymeot of the entire indebtedness represented thereby, the Mortgagee as trustee shall. en computing,
<br />the atnotxtt nl such rndetrtedness, ~::redet to the account of the Mortgagor any .redit balance aicumulatecl
<br />under ktte provisions of (s) of paragraph 2 hereof. tf there shall tre a default under say vt the provisrons
<br />of this mrxiga gr resuliing in ae pu bile spte e.t ttie prassisaa coo ir:td tteretty, ar :t the torrgagee a~rtoires
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