81005911 - Laserfiche WebLink

Browse

81--~~ti59] 3. TQ FIavE axn To f-tot,n the same anto the Mortgagee,. as herein provided. Mortgagor represents to; and covenants with, the ,Mortgagee, that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance, except as hereinotherwise recited ;that the Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes all rights of homestead, alt mariial rights, either in law or in equity, and all other contingent interests of the 1lfortgagor in and to the above-described premises. PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit: Mortgagor agrees to !,ay to the Mortgagee, or order, the aforesaid principal sum with interest from date at the rate of Fourteen per cenhtml(s_ o0ffo) per annum on the unpaid Balance until paid. Tha said principal and interest shall be payable at the o(~ce of Fi s Fed sal a n s anrd ~oan R soc avt otg of Lipcpln in Lincoln. Nebraska , ur at such other place as the holder o the note may destgnate in writing delivered or mailed to the Mortgagor, in monthly installments of Fgy~lH~ndred Ninety Seven and Dollars ($ 497.65 ), commencing on the first day of January U1 82 ,and continuing on the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the fin ; payment of principal and interest shall he due and payable on the first day of December, 2011 ;all according to the terms of a certain promissory note ai' even date herewith executed by the said Mortgagor. The Mortgagor further agrees: 1. He will pay the indebtedness, as hereinbel'ot•e provided, Privilege is reserved to pt•epay at any time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or one hundred dollars ($100.00), whichever is less. Prepayment in full shall be credited on the date received. Partial prepayment, other than on an installment due date, need not be credited until the next following installment due date or thirty days after such prepayment, whichever is earlier. 2. Together with, and in addition to, the monthly payments of principal and interest payable under the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as tntstee, (uncles the terms of this trust as hereinafter stated} on the nrsi day of each month until said note is fully paid: (a) A sum equal to the ground rents, if any. next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments nexi +iue on the mortgaged property (a11 as estimated by the Mort- gagee, and of which the Mortgagor is notified) less all sums already paid therefor divided by the number of months to elapse lx~fore our month prior to the date when such ground rents, premiums, taxes and assessments kill become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes and special assessments. (b) The aggregate of the amounts payable pursuant to subp:u•agraph (cr) and those payable ors the note secured hereby, shall be paid in a single payment each month, to be applied to the follow- ing items in the order stated (t) ground rents, taxes, assessments, fire and other hazard insurance ptemiuma; (zt) interest on thenatesecuredhereby;and (zzz) amrartizatian of the priueipal of said note. Atry denficieucy in 'the amount of any such aggregate munthty payment shall, unless made gaol by the Martgagar prior to the due date of the next such payment, catstitute an event of default under this tnartgab . ?:t Mortgagc.~e's option, Mortgagar will pay a .'late charge" not exceed- ing four per centunt (~F"r-) of any install meat when paid mate tluzn fifteen (15) days after the due date thereaf to caves tlrc extra expense inrulvo=d in handling delinquent payrents, but such ''tats clzar•ge-` shall :tat be payable out of the prexeeds of any sale mad;' tea satisfy the itidebted- ttc-sa seeuri~cl ltetfby, unless suclt proeee+ls are sutlieieuttctdiseltargr tlteentire indebtedness and all proper costs and expenses secured thereby. 3. If the fatal of the payments made by the Mortgagor under (a) of paragraph 'l preceding shall exceed the amount of payments actually made by the Mortgagee, ns trustee, for ground rents, taxes and asseaamenta or insurance gremiuma, as the case may be, such excess shall be credited by the Mortgagee on subsequent payments to be made by the Mortgagor for such itetns or, at Mortgagee's option, as trustee, shall b6 refunded to Mortgagor. If, however, such matthly payments shall net ba sulticient to pay such items when the same shall lic~ome due and payable, then the Mortgagar shall pay to the Mortgagor, :is trustee, any amount necessary to make up the deficiency within thirty (30) days after written notice from flat Mort~a);ee stating the amount of the deficiency, which notice may be given by mail. If at any time the Mort~altor shall tender to the Mortgagee, in accordance with the provisions of the note secured hereby, full payment of Lhe etrtire indebtedness represented thereby, the 14tortgagae, as trustee, shall, in computing the amount of such ndebtednesa, creadit to the account of the Mortgagor any credit balance accumulated under the provisions of (a) of paragraph 2 hereof. if there shall be :t default under any oY the provisions of this mortgage resulting in a public sale of the premises cavered hereby, or if the Mortgagee a~taire~• ttte plx~perty atherwi~ after default, t)te Mortgagee, as trust«~.*, shalt appl:v, at lh«, time of the conuliencament of such. pr+uceedings, or at the time the property is uthcrwia€; acquired; the amount then retrtaining W credit the Mortgagor under (tt) of paragraph 2 preceding, as a credit on the intex~t accrued and unpaid and the luslance tU the priueipal then remaining unpaid un said gotr. 4. The lien of this instrument shall remain in full force and effect during any postpunrmeut or exteu- sion of-the time of payment of the indebt<aness or any part thereof secured hereby. 5. He will pay all ground rents, (axes, assa:ssmeuts, water raters, and other gavernnrcolxl ur munici- pal charges, fines, or impositiatrs, levied-upon Bald premises and that he will pa all taxes ievictd ulrou this riwrtga~, or the debt secured thereby, tagether with any other taxes or asse:,snrents which tray be levied utrsler the laws of Nebraska against the Mortgagee, ar the legtrl balder of said principal note, an account of tbla_ttttksbtcdttesa, CxCept when payment fur all such items has theretofore lae,~u made under teal of para- graph P, herLWf. and he will protnptiY deliver the otiiriat receipts tiaerefar to the '.4forigagee. In default thereat the'!!or•tgage;e may pay the same.