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010,500 To HAVE A:ND To HOLD the same unto the Mortgagee, as herein provided. Mortgagor represents to, and covenants with, the Mortghgee, that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance, except as liereinotherwise recited; that the Mortgagor will warrant and de.fend the same against the lawful claims of all persons whomsoever. Aloi-�gigorlierebyrelinqtiislies all rights, of homestead, : all niarital rights, either in law or in equity, and all other contingen.t iii.terests 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: 111ort.-'agor agrees to pa y. to the Mortgagee, or order, the aforesaid principal sum with interest. from (late at the rate of eight and ene-half per centUm ( 8.5r/o) perannum on the unpaid balance until paid. The said princi )al and interest shall be payable at the office of Fi rst Federal Savings and Loan Assoqlalig of hinci5�ln - in incoln or at such other place as ie io er of ie note may.designate in writing delivered or mailed to the 1%,lortgagor, in monthly installments of One Hundred Thirty and 06/100 Dollars ($ 130.06 commencing on the first day of' December 19 75 , and continuing ob tl - ie first day of each month thereafter until said note is fully paid, *except that, if not sooner paid, the final payment of principal and interest shall be dUeand payable on the first day of November 2000 ;all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor. The Mortgagor f u rther agrees: 1. He vill pay the indebtedness, as.lie'reinbefore provided. Privilege is reserved to prep"ay at any time, witlibut premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or one hundred dollars ($iOO.00), whichever is less. Prepayment in full shall be credited on the date received. Partial prepayment, 'other than " on an installnien - t 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 growid re ' nts, if any, next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering the mortgage�.d property, -is estimated by the Mort - plus taxes and assessments next due on the mortgaged property (all , gagee, and of which the Mortgagor is notified) less all sums already- paid therefor divided by the number of months to elapse before one rnonth. 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., taxesand 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 follow- ing items in the order stated: (I) ground rents, taxes, assessments fire and other hazard insurance premiums; (11) i nterest on the note secu red liere�y; 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 lKortgagor prior to the due (late of the next such payment, constitute an event of default under this mortgage. At Mortgagee's option, Mortgagor will pay a "late charge" not exc�ed- ing four per centum (41,1�) of any histall inent when paid more than fifteen (15) daysafter 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 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 the'amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and asse . ssments or insurance premiums, as the case may be, such 6xcess shall be credited by the Mortgagee' on subsequ ' eht payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee, shall be refunded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such items when the s,�me 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, fu -11 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 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 I 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 time of payment of the indebtedness or any part thereof secured hereby. 5. He will pay all ground rents, taxes, assessments, water rates, and other g0ernmental or munici- pal charges, fines, or impositions, levied upon said premises and that lie will pay all taxes levied upon this mortgage, or the debt secured thereby, together with any other taxes or assessments which may be levied under the laws of Nebraska agaifist the Mortgagee, or thd* legal holder 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.