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010747 To HA�E Ar4D To HOLD the same unto the Mortgagee, as herein provided. Mortgagor represents to, and covena nts with' the Mortgagee, that the Mortgagor has good right to sell and,convey said premises; that they.are free f roin encumbrance, except as hereinotherwise recited; that the Mortgagor will warrant .and defend,the same against the )awful claims of all persons whomsoever. Mortgagor hereby. relinquishes all' rights of homestead, all inarital rights, either in Jaw or in equity, and till other contingent interests of the 11fortgagor in and to the above-described premises. PROVIDED ALWAYS,. and these presents are executed and delivered upon the following conditions, to Nvit: Mortgagor agrees to pay tothe Mortgagee, or order, theaforesaid principal sum with interest from (late -it the rate. of -eight and one-half - per centuni ( 8 .5;0 per annum oil the unpaid balance until paid. The said plincipal and interest sliall be -payable at the oflice of First Federal Savin s and Loan Assoc of I�n�� Mom I I ate in in Lincoln or at stich other place as hie io er of t e Umay design, writing delivered or maifed to the Mortgagor, in monthly installments of One Hurd -ed Eight and 71 . 1 0 /100 Dollars 108-71 commencing. oil the first day of Deceinber 19 and continuing on , 75 " the first day of each niontli thereafter -until said note is fully paid, except that, if not sooner paid, the final payment of principaland interest sliall he ducand payable oil the first (lay of November 2000 ; all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor. The Mortgagor ftil-theragrees: 1. He will pay the indebtedness, is liereinberore provided. Privilege is reserved to prepRy at any time, Nvitliout premium or fee, the entire indebtedness or any part thereof not less than the amount of one' installment, or one hundred dollars ($100.00), whicliever is less. Prepayment in full shall be credited on the date received. Partial prepayment, other than on all installment due date, need not be credited until the next following installment due date or thirty day's 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 liereby, Mortgagor will: pay to Mortgagee, as trUStCO3 (under the terms of th is trust as hereinafter stated) on the first day of each month until said note is fully paid: (a) A suni equal to the ground rents, if any, next due, plus the premiums that will next become due �and payable oil policies of fire and other hazard insurance covering'the mortgaged property, plus taxes and assessments next (lite oil the mortgaged property (all as estimated by the Mort- -gagee and of which the Mortgagor is notified) less all sunis 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 sunis to be lield by Mortgagee in trust to pay said ground rents, premiums, taxesand special assessments. (b) The aggregate or the aniounts payable pursuant to sub*pdragraph (a) and those payable oil the ,'note secured hereby, shall be paid in a single payment! each month, to be applied to'tlie follow- -der stated: ihg items in the ot ground r.ents, taxes, assessments, fire and other hazard insurance premiums; interest Oil the note secured hereby; and 7 amortization of the principal of said note. .Any deficiency in the aniowit orany such aggregate nionthly payment sliall, unless made good by the Moilgagor prior to tile due (late or the next such payment, constitute all event of default Illider this mortgage. At 111ortgagee's option, Mortgagor will pay a "late charge".not execed- ing foul, per centuni of any installment when paid more than fifteen (15) days after the due date thereof to cover the extra expense involved in handling delinquent payments, but such. "late charge" sliall not be payable out of the proceeds of any sale made to satisfy the indebted- ness secu ' red 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 sliall exceed the'amount of payments actually made by the ATlortgagee, as trustee, for ground rents, taxes and assessments or insurance premiums, as the case may be, such e'\cess sliall be credited by the Mortgagee on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee, sliall be refunded ' to Mortgagor. If,.however, such. montlily payments sliall not be sufficient , to pay such items when. the same sliall become due and payable, then the Mortgagor shall pay to the Mortgagee, as trustee, any amount necessary to make tip the deficiency within thirty (30) (lays 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 sliall tender to the Mortgagee, in accordance with the provisions of the note secured hereby, full pdyment of the entire indebtedness represented thereby, the Mortgagee, as trustee, sliall, ill 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 sliall 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 otlierwise after default, the Mortgagee, as trustee, shall apply, at the time of t1i'e commencement of such. proceedings, or at the time the property is otherwise acquired, the amount tl�en remaining to credit the Mortgagor under (a) of paragraph. 2 preceding, as a credit oil the interest a�crued 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 tlid time of payment of the indebtedness or any part thereof secured hereby. 5.- He -will pay all ground rents, taxes, assessments, water rates, and otherg0ernmental 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, togetlier with. any other taxes or assessments whicli may be levied under the laws of Nebraskaagaiiist the Mortgagee, or the' 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 111ortgagee. In default thereof the Mortgagee may pay the same.