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<br />is HavE axn Ta llt3LIt the same unto the Mortgagee, as herein provided. Mortgagor represents ta,
<br />and covenants with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinothertvise recited ;that the Mortgagor will warrant
<br />and defend the same against the lawful claims of ail persons whomsoever. Mortgagor hereby relinquishes
<br />all rights of homestead, all marital r>ghts, either in taw or in equity, and ail other contingent interests of
<br />the Mortgagor in and to the above-descritsed premises.
<br />PRavtn~ A3:,wat[s, and these presents are executed and delivered upon the following o~aditians, let
<br />wit:
<br />Mortgagor agrees to payy' to the Moztgagre, or order, the aforesaid principal sum with interest from date
<br />at the rate of Twelve & three/eight centum ~2 3:d$ (ber annum an the unpaid balance until paid,
<br />The said principal and interest shat! be payable at the ottfiice of The First Nation~~lk of Grand
<br />in Grand Zs land, Nebraskaor at such other piece as the holder of the note may designate in
<br />writiag delivered ar mailed to the Mortgagor, in monthly installments of Four hundr~d6 ~}r~y-three
<br />Dollars {$ 433.61 ), commencing an the fi*st day of April , 19 81 an con zntun on
<br />the first day of each month thereafter until said Hate is fully paid, except that, if not sooner paid, the final
<br />caayment of principal and interest shalt be due and payable on Lhe first day of March, 2011 ;all
<br />according to the terms of a certain pramisspry natE of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees
<br />i. lie wrli pay the indebtedness, as here>rnbeiore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness ~>r any part. thereof oat less than the amount of one
<br />installment, or one hundred dollars t$100.00), 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 fallowing installment due date or thirty days after such prepayment, whichever is earliex.
<br />2. Together with, and in addition to, the monthly payments of principal and interest payable under
<br />the terms of the note secured hereby, Mortgagor will Pay to Mortgagee, as tzvstee, {under the terms of this
<br />trust as hereinafter stated) on the first day of each month until said note is fully paid:
<br />{Q} r~ sum e~utti tc~ the y;r,>und rents, if any, next due, plus the premiums that will next become due
<br />and payablw +,n l~rtlicies c,f tiro an+.l other haaard insurance covering the mortgaged property,
<br />plus taxe3 and assessmerts next due. i>n the mortgaged property {all as estimated by the Mort-
<br />gagee, an<i +,f t+ #yirit the Mortgagor is nratifred) less all sums already paid therefor divided by
<br />the numka•e =,f months tcz +•#altse before one month prior w th,a date when such ground rents,
<br />premrnrrts. taxr~c and asu•ssmentx gill Ix•«:ume «ir-lir;gtrent, such sums to be held by Mortgagee
<br />in trust to pay said ground rents, premiums, taxes and special assessments.
<br />{b) The aggregair--• ««f the amounts payable pursuant tr> .:ubparsgraph Irt) and those payable on the
<br />natesecurccl lrcrebt, shall be paid in a single pay ment *~ach month, to be applied to the follow-
<br />ingitems in the+,rder salted:
<br />{;) ~+riiad .encs, taxes, a~s+~.,sm=_-r.!s. 'irr aria "Cher t~aLard insurance premiums;
<br />of } inter:•at c,n the mote ac>cur.~ii her,•by ;and
<br />tttt) amrz~tiaativn of the l,rincpa3 =.f satr,i Hate.
<br />Arty drFtcienc}~ iu the v~rrr_,urt ~` :;nt~ =uci aggrQgate- mesathly payment shall. unless made good
<br />by the ~iortgagc~r prior to the du«~ d;tte cif the next such [_,aymcnt, constitat~ an event of default
<br />under this mortgage. At lic,rigagc-e's ,;ptivn. ~iartgagor will pay a "late charge" nat exceed-
<br />ing four per ccrntum t4'~~) «.[ any ~nstaltment ~chen paid mare than fifteen (l5) dagsafterthe
<br />due data thereof to cover the c~xtea espe,nsc involved in handling delinquent payments, but such
<br />"latt: charge" shall nit t,~• poi°able +,ut c;f the proceeds of any sale made to satisfy the indebted-
<br />ness sec•urc~# #;ere~by, .~tal~~ surlt i3r=xec•rls are suthcient to cliseltarge the entire indebtedness and
<br />all proper ecaests and c=xpen~s .secured thereby.
<br />g. If ~ t~l of the payts ra°~ by t~ Ma~.~;or under {a} of ~ragraPh 2 Preceding shall
<br />erceeed the ai3roum, of payr~rats ae~aily made by the Mattgsgee, as trustee, far ground rents, taaea and
<br />aaseaarrtents or s`nsurance premiums, as the case may be. such excess shall be credited by the Mortgagee
<br />on subaequeat payrmeata t€r 6e madr by the Mort;agtrr for such items ar, at Mortgagee's option, as trustee,
<br />chap be refunded to Mortgagor. lf, hove°rvrr, such moz:thly p~ayznents shall not be suftlcient to pay such
<br />itetrna when tine saffie shall become daze a..d payable, then the Maz•tgagor shall pay to the Mortgagee, as
<br />trustee, any amount neceassry to make up the =fefteiency within thirty !3t1) days after written notice from
<br />tl~ Manse stating floe anrouat of the d+effrisney, which notice may he given by mail. If at any time
<br />ttse Mortgagor shall tender tr, the Morigagee, is acr,;r=lance with the prnvizsions of the ztoRe secured
<br />hereby, fuU payment of the entire indebtedness repn~nted thereby, the Mortgagee, as tntaGee. shall,
<br />in eoztr~uting the amzwznt of sash indeb,t~lnesa, rzrctit tea the account of the Mortgagor any credit balance
<br />accuxnulated under the provisions of {a} of paragraph 'L hereof. If there shall be a default under any
<br />of the proviaiaus of Chia rzzort;gyee r~aulting in a publle sate of the premises covered hereby, ar if the
<br />Mru`e acquires the property otirer+vise after default, the l4ortgagce, as trustee, shalt apply, at the
<br />t13e+s of the t of rush procerdings, or at the time Cho property is atherrvise aoauir•sd, the
<br />aa»~snt thcz3 remaiaiag to eredii th_s >t~eQatr >irzde<* {a} oP pa*aa~raph 2 pre~ins, as a craalit an tl~
<br />l:ttar+tr~ aecrtred and unpaid and flee balauzee to the principal then remaining unpaid on said rzobe.
<br />4, The lien of this instrument shall remain in full force and effect during any pvaiponz±ment or exten-
<br />siost of the! time of payment of the indettt€dttess ar ang part thereof secured hereby.
<br />r*. ~sr vriil ply &11 ground rents, taxes, assesamemis, water r$tea, aztd other xtczvernmentanl or munici-
<br />rhaer; tixeem, rrr itnpoaitiatts levied up<Zn said ptzises and that he wit pay aA taxes levied upon this
<br />. yr tlta debt s~t+red thereby, together with any other taxtaz ar assessments which znay 6e levied
<br />tr~slaof t!Ielsr'aska against the Mctrtgtag€e,xrr the legal lts,,lder of raid principal note. an account of
<br />Elsie i ~ ertee}tt when payzngnt tar all sttch stems has therzatafom bc~ezt made under {a) of ptrra-
<br />(6rtat+ls ~ )trz^+naf, and he lull! Srrarrtptiy clalivzkr ttt~ ofi~cial rt~csiptrr thsrerfar ku tlae Martgag~. to default
<br />tlarrzsattthe Mortgagor, tray pay this Santa:
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