|
sl--' i~ao~os
<br />TO I3svE AND TO HOLD the rime unto the Mattgsgee, as herein provided. Mortgagor represents tu,
<br />asui eavensrtb with, the ltartgagee, that the Mortgagor has goad right to sell and convey said premises;
<br />that ttsey ors Erse from enctemhra, except as hereinotherwise recited ;that the Mortgagor will warrant
<br />and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relinriuishes
<br />all rights of ~, ail marital rights, either in law or in equity, and all other contingent interests of
<br />tiro ]titortg+e~or in aml 4a the a6ave-described premises.
<br />ElaeYt3 ALwt,Y9, and the presents are ezectrted and delivered upon the following conditions, t0
<br />tell:
<br />Diartgagor agrem to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of T!i2?i2E?R and 50f 1 On per centum (3 • Sf~ } per annum on the unpaid Balance until paid.
<br />TIEe said prit~ipal attd interest shall be payable at the office of %asrnsrcial Federal Savings ~ Loan Aasac .
<br />in Kearney, peisraska , or at such other place as the holder of the note may designate in
<br />t>ffriting delivered or mailed to the 13artga$or, in monthly installments of "'tiREF. IiLrI~l!5RT'D FORTY TFi3EE and G 2l1
<br />Ualiata ($ 343.42 ), commencing an the first day of Apri i . 19 q,Iand continuing on
<br />the brat day of each manes Hereafter until said note is fu11y paid, except that, if not sooner paid, the final
<br />payaeestt o1 principal and 'interest slap be due and payable on tie first day of *ta rch, 201 i ;alt
<br />according :N the terms of a certain pramisaory note of even date herewith executed by the said Mortgagor.
<br />The Iortgagor further agrees:
<br />1. He will pay tie indebtedness. as hereinbefnre provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness ar an}• part thereof not lass than the amount of one
<br />ina~taUnseset, or ens hundred dollars (E140.f)tl), whichever is less. Prepayment in full shall be credited on
<br />~ date received. Partial prepayment, other than on an tttstallment due date, need not be credited until
<br />the nest fallowing insrsilntent due date or thirty days after such prepayment, whichever is earlier.
<br />g. 'Pa~tltar with, amiss addition to, the monthly payments of principal and interest payable under
<br />the terms aY Lhs Hate secured hereby, Mortgagor wilt pay tt, Mortgagee, as trustee, {under the terms of this
<br />towel as hereinafter stated) on the first day aP each month until said Hate is fully paid
<br />(a} A sum equal to He ground rents, if any, next +Stze. piua the premitstna that will next became due
<br />and payable on policies of firn and ether haaard insurance covering the mortgaged pro~rty,
<br />plus taxes and asae3ssmenta next due on the mortgaged property !all as estimated by the Mort-
<br />gagee, and of Lvhich the 3ioz•tKagor is noti!ied i !ass .iii cams alreativ Paid t}terefor divided by
<br />the number of months to 4:lapse txrfore one moot;: pri=>r to the itaie x•hen such ground rents.
<br />premattma, t8xea and assessments ~:+iii become aic~iim?cent. such soma Lo be held by Mnrtgagcz
<br />in trust to pay said gnrund rents. premiums, taxes anti special assessments.
<br />(h) The aggregate r_,i the amourta pat-aGie pursuant to _~»atiiparngrapY: t¢} and thMase payable on the
<br />note scoured hereby, shah t~ paid iri a sing:+' payment each month, to be applied to He fnllow-
<br />iyg itrrr~; i~. rise „r~3er ~.at.~
<br />{i} ground rents, taxes. asnes,stnent+. fire anal other hazar=i ;naurance premiums;
<br />(u l interest on the note s~ure.l hcerebt :anti
<br />{tit} amortization of the ;rincipal <>f said nat~r.
<br />~.ny deficiency in the :amount ref any loath azaLgregatr monthly pav°menC shall. unless made good
<br />by the ;tilnrtiragar prior to the dui e{ate ~.f ti:e next such payment, constitute an event of default
<br />under this mortgage, ,r1t Mortgagee's optir>n. Aicrrtgager will pay a "late charge" not ex~eed-
<br />ing taut per centum (I'=~ ? of any irstaii meat u: lien paid mare than fsfteen { t ir) daYs after tie
<br />dsser date thereof to racer tie extra expc•us._=tn~•c.iced in handtirsgdelinquent payments, but such
<br />"late clarge" shall not be payatslr arut of He prr~da of any sale made to satisf.Y the indebted-
<br />ta-secured herelsy, unless such prneeeds at a suPl'ieient to eliscirarge the entire indebtedness and
<br />all proper casts and expenses secured thereby.
<br />8.. If tae txstal of the paytata made by the Mortgagor under {r€) of paragraph 2 preceding sisall
<br />esteeed atnstrtnt of payrtta actually made by the llartgagee, as trustee, for ground rents, taxes and
<br />4.e irsatsra pteminmss> as the may be, such excess shall be credited by the lifortgagee
<br />on t payttta tv Ile made by the Mortgagor tar such items or, at 3iottgagee's option, as truster,
<br />shall. be reloaded tc Mar~egar. If. however, such monthly payments slap Hat be sufficient to PaY ouch
<br />ibamg whm the ware obeli beersrrle dos and payable. flan He bortgagor shall pay to the Mortgagee, as
<br />Eruatae, arty arrtoaat nseesaary tzr make up tie deficiency within thirty {301 days after written notice from
<br />tlta atakir-g the amount of fife detieieney, wlrieh native may be given by mail, If at any time
<br />1~6a ~r obeli tender to ties Mortgagee, in accordance with the provisions of the Hats secured
<br />fu3l pagnrettt of tale entire ired+ebtadne~ reps~ented thereby, tie ytartgagee, as trustee, shall,
<br />is ~ the ai~nat of such indmlrtednesa, credit to the account of fete Mortgagor any credit balartee
<br />u tits prawaaionrr of €a} of pmregtaph 2 hereof. If there shell be a defastit under any
<br />of t'bt® gaovielaaas of thin mvrtgag+s resnitang in a public sale of the premises covered lareby, ar if the
<br />ape ar~uirea the pt7 otherwise aflter default, the ;Mortgagee, as trrstee, shall apply, at the
<br />t of nrdingti, or at tie tiros the preperty is othsrwias asx;uired, tie
<br />aera~il tit r~ fie er+dlt the M@rtQatger urs~r {a) of paragraph g preceding, as a ez+ed-t an the
<br />i~ aml urr~tid the ~ ~-, the prirteipal tl remaining unpaid an said state.
<br />~ Tt~e ikm ~ Ellis inutrunssrtt shall remai€: i?i full force and efPeet during any poestponement ar exten-
<br />9f ai ~t of ; isr _ or arsy part thereof secured hereby.
<br />*w• f$se w~ pelt all ~,tnd rsnta, taaces, is, water rates, arsd rit#rer esovernmental or munici-
<br />l~ ~ Mss, or ~;tiatsa, luvisd tspa» ~atdst prti.aiawa and thae hr wtil pay all taxes lsvicai upon thla
<br />theme, tagst3tsr ~~itlr arty <?tixer taxes ear asrsexcsmentR tvhieir may be lovied
<br />;.its Ie~s u# atpaierattha ~fart~, oar the holder of Said print., ip~ m~a, ana aunt of
<br />~ihs site ~ ;rrhrn paryment for all such iEavn+t kites thrrwtafrire t~rert anode under (r:) of parvt-
<br />g fit. alttl-be will pr#stfY deilvrer thm ss~eiel raIpEe tlres~for ter thw ylrtt~a, In iefaalt
<br />t~ !~ rar-Y Pay EIrM wens.
<br />
|