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PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
<br /> Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date at the
<br /> rate of Four per centum ( %) per annum on the unpaid balance until paid. The
<br /> said principal and interest shall be payable at the office of Home Federal Savings and Loan Associa.tio:
<br /> in Grand Island, Nebraska , or at such other place as the holder of the note may designate in
<br /> writing delivered or mailed to the Mortgagor,in monthly installments of Fifty—three and 33/loo - —
<br /> Dollars ($ 53.33 ), commencing on the first day of October , 19 52, and continuing on
<br /> the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final payment
<br /> of principal and interest shall.be due and payable on the first day of September , 19 72; all according
<br /> to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br /> _ The Mortgagor further agrees;
<br /> 1." He will pay the indebtedness,as hereinbefore provided. Privilege is reserved to prepay at any time,without
<br /> premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or one
<br /> hundred dollars ($100.00), whichever is less.
<br /> 2. Together with, and in addition to, the monthly payments of principal and interest payable under the terms
<br /> of the note secured hereby, Mortgagor will pay to Mortgagee, on the first day of each month until said note is
<br /> fully paid:
<br /> (a) A sum equal to the ground rents,if any,next due, plus the premiums that will next become due and payable
<br /> on policies of fire and other hazard insurance covering the mortgaged property,plus taxes and assessments
<br /> next due on the mortgaged property (all as estimated by the Mortgagee, and of which the Mortgagor
<br /> is notified) less all sums already paid therefor divided by the number of months to elapse before one
<br /> month prior to the date when such ground rents,premiums,taxes and assessments will become delinquent,
<br /> such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes and special
<br /> assessments.
<br /> (b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the note secured
<br /> hereby, shall be paid in a single payment each month, to be applied to the following items in the order
<br /> stated:
<br /> (I) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br /> (II) interest on the note secured hereby; and
<br /> (III) amortization of the principal of said note.
<br /> Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by the
<br /> Mortgagor prior to the due date of the next such payment, constitute an event of default under this
<br /> mortgage. The Mortgagee may collect a "late charge"not to exceed an amount equal to four per centum
<br /> (4%) of any installment which is not paid within fifteen (15) days of the due date thereof to cover the
<br /> extra expense involved in handling such delinquent payment.
<br /> 3. If the total of the payments made by the Mortgagor tinder (a) of paragraph 2 preceding shall exceed the
<br /> amount of payments actually made by the Mortgagee for ground rents,taxes and assessments or insurance premiums,
<br /> as the case may be, such excess shall be credited by the Mortgagee on subsequent payments to be made by the
<br /> Mortgagor for such items. If, however, such monthly payments shall not be sufficient to pay such items when the
<br /> same shall become due and payable, then the Mortgagor shall pay to the Mortgagee any amount necessary to make
<br /> up the deficiency within thirty(30) days after written notice from the Mortgagee stating the amount of the deficiency,
<br /> which notice may be given by mail. If at any time the Mortgagor shall tender to the Mortgagee, in accordance
<br /> with the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby, the
<br /> Mortgagee shall, in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit
<br /> balance accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under any of the
<br /> provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the Mortgagee acquires
<br /> the property otherwise after default,the Mortgagee shall apply,at the time of the commencement of such proceedings,
<br /> or at the time the property is otherwise acquired, the amount then remaining to credit of Mortgagor under (a) of
<br /> paragraph 2 preceding,as a credit on the interest accrued and unpaid and the balance to the principal then remaining
<br /> unpaid on said note.
<br /> 4. The lien of this instrument shall remain in full force and effect during any postponement.or extension of
<br /> the time of payment of the indebtedness or any part thereof secured hereby.
<br /> 5. He will pay all ground rents, taxes, assessments, water rates, and other governmental or municipal charges,
<br /> fines, or impositions, levied upon said premises except when payment for all such items has theretofore been made
<br /> under (a) of paragraph 2 hereof, and he will promptly deliver the official receipts therefor to the Mortgagee. In
<br /> default thereof the Mortgagee may pay the same.
<br /> 6. If he fails to pay any sum or keep any covenant provided for in this Mortgage, the Mortgagee, at its option,
<br /> may pay or perform the same, and all expenditures so made shall be added to the principal sum owing on the above
<br /> note, shall be secured hereby,and shall bear interest at the rate of four per centum (4%) per annum until paid.
<br /> 7.."-Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes for the
<br /> sum or sums advanced by Mortgagee for the alteration, modernization or improvement made at the Mortgagor's
<br /> request;or for maintenance of said premises, or for taxes or assessments against the same, and for any other purpose
<br /> elsewhere authorized hereunder. Said note or notes shall be secured hereby on a parity with and as fully as if the
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