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89-- 102546 7b Have &ND To Holm the same unto the Mortgagee, as herein provided. Mortgagor represents to. C and covvnanta with. the Mortgagee, that the Mortgagor has goad right to sell and convey said premises; that they are free from encumbrance, except as herein ollste rwise zwited; that she Mortgagor will warrant and defend the same against the lawful claims of all person w hommver. Mortgagor hereby relinquishes all rights of homestead, all marital rights, either in law or in equity, and all other contingent interests of the Mortgagor in and to the above - described premises. L PROVMW ALWAYO, and these presents are executed and delivered upon the following conditions, to wit: MpttgWr agrees to pay to the Mortgagee, or order. the aforesaid grin�itpal sum w" interest from date at the rate of Ten per centum ( 10 % ) per annum on the unpaid balance fulfil paid 7U said principal and interest shall be payable at the office of the -Loan Guaranty officer. Veterans Administration Regional Office. Lincoln. Nebraska, or at such other plow as the holder of the note may designate in writing delivered or mailed to the Mortgagor. in monthly installments of Two Hundred Fifty and 55 /100------ - - - - -- Ihollars (S 2SO.55 )� conmencwg on the first day of July . 19 89 , and continuing on the first day of each 'month thgmaher until said note is fully paid, except that, if not sooner paid, the final ayment of principal and interest shall be due and payable on the first day of June 2019 ; all according to the tents of a certain pro. missory note of even date herewith executed by the said Mortgagor. The Mortgagor further ashes: I. He/she will pay the indebtedness. as hereinbefore provided. Privilege is n.mn-ed to prepay at any time, without premium or fee the entire indebtedness or any part thereof not less th= the amount of one installment, or one hundred dollars (100.00). whichever is less. Prepayment in full.sllali be Cn4ited on the date received. Partial prepayment, other than on an installment due date need not beciedited until thenext following installment due ad to or thirty days after such prepayment, wWchever is eaurges. 2. Together with, and in addition to, the monthly payments of principal and interest.payable amder the terns of the note secured hereby. Mortgagor will pay to Mortgagee, as trustee (Rader the temps of this trust as hereinafter stated) on the installment due date of each month until said dote is fully paid: (a) A sum equal to the ground rents, if any. next due. plus the premiums that will m eytt become due sad payable on policies of fire and other hazard insurance covering the moreg�ted prop. plus taxes and assessments next due on the mortgagvd property /all as estimaWby the Wit- 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 date whep 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 ispecial assessments. (b) The aggregate of the amounts payable pursuant to subparagraph (a) and those ysble' on the note secured hereby, shall be paid in a single payment each month, to be applie totiefollow- ins items in the order stated: 0) ground rents, taxes, asaessments6 fire and other hazard insurance premiums; (11) interest on the note secured hereby; and (Ui) anwrtizatian of the principal of said note. Any deficiency in the amount of any such aggregate monthly payment shall, unless mum. v by the Mortgagor prior to the due date of the next such payment, constitute an event of t�.i AM11t under this mortgage. At Mortgagee's option, Mortgagor will pay a "late charge" not ins four per centum (d5* ) of any installment when paid more than fifteen (I 5Y days aftertbt reue date thereof to cover the extra expense involved in handling delinquent payments but.suc i "late charge" shall not be payable out of the primmdr 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 'hereby. 3. if the total of the melts made the. Mortgagor under (a) of paragraph 2 recedin 4haLL PsY by preceding �. exceed the amount of payments actually made by the Mortgagee as trustre for ground rents, taxes, and' - assessments or insurance premiums. as the rase may be. such em ess shall be credited by the Mortgavv_;� on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, shall.-"ho: refunded to Mortgagor. If, however. such monthly payments %hall not be s+uffirient to pay such iticrrrs when the some shall become due and payable, then the Muelgag ©r shall pay to the Mortgagee as trusNv . . any amount necessary to make up they deficiency within thirty (40) days after written notice from the' Mortgagee stating the amount of the deficiency, whit h notice may he geti•en by mail if at anv time the • Mortgagor shall tender to the Mortgage-, in ai cordence with der prrevisu►ns ref the note secured herebv. full payment of the entire indebtedness represented thea-by the Mter1i;,rgr4, as srl,stee shall. in computing the• pmount of such indebtedness, r redsl to the its a aunt of the Mmrgagi+r +uiv + IdAsl b.ilam a accumulated under the plovisions of (a) tot paragraph 2 heie -tef It there .halt tw a +14-faillf unrtr-r Lill$ + +t the arc +$itirr +nl. of the% recetgage moitllting in a public hale tot the" premsseg a Oscars t hvivh$ i +r of the Murtg: p,o, ,er quire's 1�