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<br />106019
<br />To HAVII ANO To HoLP the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as herein otherwise recited; that the Mortgagor will warrant
<br />and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, either in law or in equity, and all other contingent interests of
<br />the Mortgagor in and to the above - described premises.
<br />PROVInm ALWAYS. and these presents are executed and delivered upon the following conditions,
<br />to wit:
<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with Interest from
<br />date at the rate of Ten per crrrtum ( 10 %) per annuin on the unpaid balance
<br />until paid. The said principal and interest shall be payable at the office of the Loan Guaranty Officer,
<br />! Veterans Affairs Regional Offlee, Lincoln, Nebraska, or at such other place as the holder of the
<br />note may designate in writing delivered or mailed to the Mortgagor, in monthly installments of
<br />Two Hundred Twenty -Eight and 17/ 100 - - - -- Dollars ($ 228.17 ), commencing on the first
<br />day of !December , 19 90 , and continuing on the first day of each month thereafter until said
<br />note is fully paid, except that, if not sooner paid, the final payment of principal and interest shall be due and
<br />payable on the first day of Nov tuber 2 Zp ; all according o the terms of a certain pro-
<br />nussory note of even date herewit�i executed by the saQd Mortgagor. g
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<br />i The Mortgagor further agrees:
<br />1. He /she wilt pay the indebtedness as hereinbefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee the entire debte dness or any part thereof poi less than the amount of one
<br />installment, or one hundred d'ollats (100,00), whichever is less. Prepayment in full shall be credited on the
<br />date received. Partial prepayment, other than on an installment due date need not be credited until the next
<br />following installment due ddaatte or thirty clays after such prepayment, whichever is earlier.
<br />2. Together with, and in addition to, the monthly payments of principal and interest payable under
<br />i the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee (under the terms of
<br />kbis trust as hereinafter stated) on the installment due date of each month until said note is fully paid:
<br />(a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due
<br />and payable on policies of fire and other hazard insurance covering the mortgaged pro ppeerty,
<br />plus taxes and assessments next due on the mortgaged property ( all as estimated by the Mort-
<br />gagee, and of which the Mortgagor is notified) less all sums already paid therefor divided by
<br />the number of months to elapse before one month prior to the date when such ground rents,
<br />premiums, taxes and assessments will become delinquent, such sums to be. held by Mortgagee
<br />in trust to pay said ground rents, premiums, taxes and special assessments.
<br />(b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the
<br />note secured hereby, shall be paid in a single payment each month, to be applied to the iuiluw-
<br />ing items in the order stated:
<br />0 ) ground rents. taxes, assessments, fire and other hazard insurance premiums;
<br />(it) interest on the note secured hereby; and
<br />(III) amortization of tha nrinninsi mmaia
<br />Any deficiency in the amount of any such aggregate monthly payment shall, unless made good
<br />by the Mortgagor prior to the due date of the next such payment, constitute an event of default
<br />under this mortgage. At Mortgagee's option, Mortgagor will pay a "late char "not exceed-
<br />ing four per centum (4 %) of any installment when paid more than fifteen (I5fdays after the
<br />due date thereof to cover the extra expense involved in handling delinquent payments but such
<br />"late charge" shall not be payable out of the proceeds of any sale made to satisfy the Indebted-
<br />' ness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and
<br />! all proper costs and expenses secured hereby.
<br />3. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by the Mortgagee as trustee for ground rents, taxes and
<br />assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br />on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, shall be
<br />refunded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such items
<br />when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee as trustee
<br />any amount necessary to make up the deficiency within thirty (30) days after written notice frum the
<br />Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at anv time the
<br />Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured hereby,
<br />full payment of the entire indebtedness represented thereby, the Mortgagee as trustee shall, in computing;
<br />the amount of such indebtedness, credit to the account of the Mortgagor any credit balance accumulated
<br />under the provisions of (a) of paragraph 2 hereof. If there shall be a default under any of the provi sions
<br />of this mortgage resulting in a public sale of the premises covered hereby, or if the Mortgagee acquires
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