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<br />To HAVE AND To HOLD the same unto the Mortgagee, as lier
<br />and covenants with the Mortgagee, that tile Mortgagor has goo(
<br />that they are free from eilcunibrance, except as hereinothenvise
<br />and defend the same against the lawful claims of .111 persons whon
<br />all rights of homestead, all marital rights, either in law or in eqt
<br />the Mortgagor in and to the above-described premises.
<br />PROVIDED ALWAYs, and these presents are executed and deli
<br />wit:
<br />Mort.-agoragrees to pay to the 111ortgagee, oi- order, the afore:
<br />at the rate of' eight and one-half per celituill � 8-5r,0
<br />The said principal and interest shall be piayableat the oflice of
<br />in Lincoln . , or at Such other plac
<br />writing delivered or mailed to the Mortgagor, in monthly installn-
<br />Dollars ($ 153-02 ),:'commencing oil the first day of Decem
<br />the first (lay of each inont.1i thereafter until said note is fully paid,
<br />payment of principal and interest shall be due and payable oil the fl
<br />according to the terms of a certain promissory note of even (late I
<br />The Mortgagor furtijer agrees:
<br />1. He will pay the in.flebtedness, as h9reinbefora. provided.
<br />tim . e, without premium oi- fee, the entire indebtedness or any pai
<br />installment, or one hundred dollars ($100.00), whichever is less.
<br />the date received. Partial:'pre payment, other than on. an installm
<br />the next following installment due date'or thirty. days after such 1.
<br />2. Together with, and in addition to, the monthly payments
<br />the terms of the note secu.red hereby, Mortgagor will:bay to Mort�
<br />trust as hereinafter stated) on the first.day of each "Month until
<br />(a) A sum equal to the ground rents, ifany, iiex� due, plus t
<br />and payable oil policies of fire all(] other hazard insul
<br />plus taxes all(! assessments next due.on tl , �e mortgage,
<br />gagee, and of'x N-Iiielitheilloi-tgagoris-iiotific(l) less all
<br />the number of -nionths.to elapse before 0116 month pri(
<br />premiums, taxes and assessments will become delinqii
<br />in trust to pay said ground rents, premiums, taxesaii(
<br />(b) The aggregate of the aniounts pitwable pursuant to subp
<br />note secured liereby, shall be paid in a sin�le payinclit
<br />ing items in tile order stated:
<br />(I) grouiYd rents, taxes, assessments, fire and otli(
<br />(II) intere ' St oil the note secured lie.reby; and
<br />(III) amortization of the principal of S�aid note.
<br />Any deficiency' in the amount of ally sucliaggregate ly
<br />by the )Mortgagor prior to the due (late of tile next Sucl
<br />under this nioVtgage. At Mortgagee's option, Mortg,
<br />ing four Pel- delituill (4 r;'1c) of any install ment when 1)
<br />due date thereblf to cover the.extra expense involved ii
<br />"late charge" �liall not be payable out of the proceeds
<br />ness secured lipreby, unless such proceeds are suflicient
<br />all proper costs and expenses secured tlie�eby.
<br />3. If the total of the'payments made by the Mortgagor un(
<br />agee,
<br />exceed. the amount of payments actually made by the Mortg,
<br />assessments or insurance'premiums, as the case ma" be, such ex
<br />y
<br />on subsequent payments to be made by the Mortgagor for such itc
<br />shall be refunded to Mortgagor. If, however, such monthly payi
<br />items when the same shall become due aind - payable; then the Mi
<br />trustee, any amount necessary to make up the deficie�cy within t1
<br />the Mortgagee stating th6 amount of the deficiency,.which noticl
<br />the Mortgagor shall tender to the Mortgagee, in accordance v
<br />hereby, full payment of "the entire indebtedness represented th
<br />in computing the amount'of such indebtedness, credit to the acco
<br />decumulated under the provisions of (a) of paragliaph. 2 herea
<br />of the provisions of this 'mortgage resulting in a public sale'of
<br />Mortgagee acquires the property otherwise after de�ault, the M(
<br />time of ' the commencement of such proceedings, or at the. time I
<br />amount then remaining to credit the Mortgagor under (a) of p,
<br />interest accrued and unpaid and the balance to the principal then
<br />4. The lien of this instrument shall remain in full force and ef
<br />Sion of the time of paymen t of the indebtedness or any part thereof
<br />5. He will pay all gro"Und rents, taxes, assessmen. I ts, water ra-
<br />pal charges, fines, or impositions, levied upon said premises and th
<br />mortgage, or the debt secured thereby, together with any other ta,
<br />under the laws of Nebraska against the Mortgagee, or* the legal hol(
<br />this indebtedness, except ivlien payment for all such items has tli(
<br />graph 2 heteof, and lie will promptly'deliver the official receipts i
<br />thereof the Mortgagee may' pay the same.
<br />1 pi-ovided. Mortgagor rel�rcsents to,
<br />-ight to sell and convey said premises;
<br />cite , d; that th , 6 Mortgagor will warrant
<br />)Cvpl.. MG rtgagor lie reby. rel i ilqu islies
<br />and all other contingent interests of
<br />red, upon the following coi�ditions, to
<br />d pkIlCipal Sum with interes I t from date
<br />nin I im on thetinpaid balance until paid.
<br />it Federal Savings and!Loan
<br />Vonodf Anpoln ate in
<br />I(er f tl e note may 06sikii,
<br />itsof One Hundred Fiftk'.Three and 02/100
<br />�r i
<br />1975 andd6fitinuingon
<br />I
<br />.,-cei)t that, if not sooner paid, the final
<br />t dA y of: November '�005 ;all
<br />-ewith executed by the said Mortgagor.
<br />rivilege is reserved- to prepay, at any
<br />Ule�eof not le.,�s than the a . iii.ount of one
<br />repayment ill full shall be �re'dited on
<br />t due date, ii:eed not be C'r6dited until
<br />payment, whichever is ear ter.
<br />principal and interest payable under
<br />I - tile' t6rm'' of,th is
<br />ree! -is tru a (Ulldei
<br />Ste' S
<br />id note is fu* paid:
<br />pr,binitinis t.hat will next become due
<br />ice covering'�lie mortgaged property,
<br />)ro6erty (all ,is estimated bythe Mort-
<br />�un� already 7paid therefor �divided by
<br />to:tlie (late �vlien sucli'gro'und' rents,
<br />I . I
<br />it, �ucll Stillls:to be held by' ortgagee
<br />pecial assessibents.
<br />agraph (n) and those payable oil the
<br />cli'month, to.be applied f0the follow-
<br />liaiard insurance premiums;
<br />ithiy pa3',nien - t shall, unless'made good
<br />)a),inent, constitute all event of default
<br />or will pay a "late charge" !not exceed -
<br />J inore than fifteen (15) days a - f - ter the
<br />andling delinquent paymentsi but such
<br />any sale niad ' e to satisfy thle indebted -
<br />discharge the entire indebtedness and
<br />(a) of paragraph 2 precbding shall
<br />strustee, for;:ground rents', taxes and
<br />ss Shall be credited by*the'Mortgagee
<br />s or, at Mortgagee's option, . as . trustee,
<br />alt�, shall not,be sufficient to.pay such
<br />,gakor shall pay to the Mortgagee, as
<br />ty (30) days 'after written notice from
<br />nay be given.by mail. If at any time
<br />h. the provisions of the note secured
<br />2byi the Mortgagee, as trustee, shall,
<br />t of the Mortgagor any credit balance
<br />If:,there shall be a default�i under any
<br />premises covered hereby, . or if the
<br />,gagee, as trustee, shall a0ply, at the
<br />,:property is. otherwise ac4uired, the
<br />tgraph 2 preceding, as a credit on the
<br />2maining unpaid on said ncte.
<br />A'during any postponement or'exten-
<br />!cured hereby -
<br />and other governmental or munici-
<br />lie',will pay all taxes levied upon this
<br />or assessments which may, *be levied
<br />of, said principal.note, on,account of
<br />tofore been made under (a) of para-
<br />!refor to the: Mortgagee. .'In default
<br />
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