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r 0 L J I 100498 TO HAVII AND TO Hot -o the saute unto the Mortgagee, its 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 herelnotherwise recited; that the Mortgagor will warrant and defend the saute against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes all rights of homestead, all marital rights, either in law or fit equity, and all other contingent interests of the Mortgagor 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 pay to the Mortgagee, or order, the aforesaid Iprf cipal sum with interest from date at the rate of Ten per centc> m ( 10.00 eta) per annum own the unpaid balance until paid. The said principaD and interest shall be payable at the office of in MT. t MF4 K016a , or at such odher place as the holder of the note may. designate in writing dell vered or mailed to the Mortgagor, in wmmthly installments of Five kfrand Thirtj-87w and 93 /looths Dona,n '(S 531.93 ), commencing on the first (dal,_ of March ? 19 89 and continuing on the first day of each month thereafter until said note is tullly paid, except that, if not sooner paid, the final payment of ,poi nnipal and interest shall be due and payable on the first 4W of all according to Oe terms of a certain o tow3ssory note of even - date herewith exec .,-d by the said Mortg,4,pr. The Mortgagor further agrees: I - &He,Pshe will pay the indebtedness, as hereinhercre pr6ided. Privilege is reserved to prep>s;;• at; without: P=mfiutitt or fee, the entire indebtedness or am,,% part thercr4 not less than the amount of one iitstalltiient, or one -hu m4red d agars ($100.00), whichever is less, Prepaynncia in full shall be crrecHrod on the date received; Partial, pn*ymenm , other tbA: can an installment due date, need det be - reedited until the next fcM-�i #g install ment due date or dkirty days. after such prepaymeat.' oa::h�heivrls earlier,':: 2. Together wide., and in addition to, the rn onthlyr 0y#eat %of principal and interest payable under the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, (under the terms of this trust as hereinafter stated) on the first 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 mortomed promny, plus taxes and assessments next due on the mortgagees property (all as estimated by the Mortgagee, and of which the Mortgagor is notified) less all sums already paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes and assessments will 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 subparagraph (a) and those payable on the note secured hereby, shall be paid in a single payment each month, to be applied to the following items in the order stated: (1) ground rents, taxes, assessments, fire and other hazard insurance premiums; (it) interest on the note secured hereby; and (iii) amortization of the principal of said note. Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by the Mortgagor prior to the due date of the next such payment, constitute an event of default under this mortgage. At Mortgagee's option, Mortgagor will pay a "late charge" not exceeding four per centum (4e7o) of any installment when paid more than fifteen (1S) days after the due date thereof to cover the extra expense involved in handling delinquent payments, but such "late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebtedness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and all proper costs and expenses secured thereby. 3. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall- exceed the amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee, shall be refunded to Mort- gagor. If, however, such monthly payments shall not be sufficient to pay such items when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee, as trustee, any amount necessary to make up the deficiency within thirty (30) days after written notice from the Mortgagee stating the amount of the deficien- cy, which notice may be given by mail. If at any time the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby,. the Mortgagee, as trustee, shall,, in computing the amount of such indebtedness, credit to the account of the Mort.' gagor any credit balance ace- -ainulated under the provisions of (a) of paragraphs 2 hereof. If there shall be a default under. Any of the provisions cif this mortgage resulting in a public sale of the premises'. covered hereby, or if the, Mortgagx acquires the property otherwise after default, the Mortgagee, as trustee, shall, apply, at the time or the commencement of such proceedings or•at the time the property is otherwise acquired, the amount then re -, maining to credit the Mortgagor under fad of paragraph 2 preceding, as a credit on the interest accrued and un- paid and the balance to the principal tthen'remainimg unpaid on said note. 4. The lien of this instrument shall remain in full force and effect during any postponement or extension• of the time of payment of the indebtedness or any part thereof secured hereby. 5. He /she will pay all ground rents, taxes, assessments, water rates, and other governmental or municipal charges, fines, or impositions, levied upon said premises and that he /she will pay all taxes levied upon this mort- gage, or the debt secured thereby. together with any other taxes or assessments which may be levied under the laws of Nebraska against the Mortgagee, or the legal holder of said principal note, on account cif this indebtednes4, except when payment for all such items has theretofore been made under (al of raragntph 2 herCpf, and he "'she will promptly deliver the official receipt~ therefor to the Mortgagee. In default thereof the %lortgayce min-, pa.% the carne.