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009 21 00 To HAVE AND To HOLD the same unto 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 Ilereinother'wise recited; that the Mortgagor will warrant and cl.ofend,the sante against the lawful claims of all persons whomsoever. Mortgagor. hereby 1•elinquislles all rights of homestead, all marital rights, either in law or in equity, and all other coiltingentjnterests of the ilIortgagor in and to the above-described premises. PROVIDED ALWAYS, and these prdsents are executed and delivered upon the following conditions, to wit Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal slim with interest.from date at the rate of eight and one-half . per centum ( 8 .g/o) per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of First -Federal Savings and Loan Asso a i of inc In in Lincoln or at such, other place asct�ietllo�c Mime of t ie noote may designate in writing delivered or mailed to the Mortgagor, in monthly installments of Two „Hundred Ninety-two and 19/10E Dollars ($;292.19 ), commencing oil. the first day of October , 19 75 , and continuing on the first dayof each month thereafter.uiitil said note is fully paid,,except. that, if•not sooner pad, the final payment of principal and interest shall be clue and payable on the fil;st.day of September 2005 ; all according to the terms of a certain promissory note of even date herewith executed by the said. Mortgagor. The Mortgagor further agrees: 1. I -ie will pay the indebtedness, as'llereinbefore provided. :Privilege is reserved to prepay 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 ($1.00.00), 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 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 resits, if any, next due, plus tile. premiums that will llext'becolne due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments Next clue on the mortgaged property (all 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 before one, month, prior to the (late 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) Tile aggregate of the amounts payable pursuant to subparagrapIi (a) and those payable on the dote secured hereby, shall be paid in a single payment each month, to be applied to the follow- ing items in the order stated (I) ground rents, taxes, assessments, fire and.other hazard insurance premiums; (II) -interest on the note secured hereby; and (III) amortization of the principal of said note. Any deficiency in the amount of any such aggregate n1011t111y payment Shall, unless, made good by the Mortgagor prior to the'due (late of the next such'' nlent, constitute an event of default antler this mortgage. At lIoi tgagee's option, lIortgagbr will pay a "late charge" not exceed- ,iirg four per centum (4%) of. any install ment when paid more than fifteen (15) clays after the ..glue 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 indebted- ness 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 tlle'amotnt 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 Mortgagor.. If, hoivever, such monthly'payments shall not be suffiicient.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 deficiency, 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 accotint of the Mortgagor any credit balance accumulated under the provisions of .(a) of paragraph 2 hereof. If there shall be a default under any of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the Mortgagee acquires the property otherwise after default, the Mortgagee, as trustee, shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the amount then remaining to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the interest accrued and unpaid and the balance to the principal then remaining unpaid on said note. 4. The lien of this instrument shall remain in full force and effect during any postponement or exten- sion.of the -tune of payment of the indebtedness or any part thereof secured hereby. 5. He will pay all ground rents, taxes, assessments, water rates, and other governmental or munici- pal charges,, fines, or impositions, levied upon said premises and that, he will pay all taxes• levied. upon this mortgage, or' the debt secured. thereby, together with ally other taxes'.or assessments which may be levied tattler the laws of Nebraska against the Mortgagee, or the legal holde'r:of said principal note, on account. of this indebtedness, except when payment for all such items has theretofore been made under (a) of para- graph 2 hereof, and lie will promptly deliver the official receipts therefor to the Mortgagee. In default thereof the.Mortgagee may pay the same..