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200211925 TO HAVE AND TO I [OLD the same unto the Mortgagee, as herein provided. Mortgagor represents to, and covenants with, the Mongolic , that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance, except as herein otherwise recited; that the Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever. 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. PROVIDED ALWAYS, and these presents arc executed and delivered upon the following conditions, to wit Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date at the rate of Six Perception (6.000 %) per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of the Loan Guaranty Officer, Department of Veterans Affairs Regional Office, Lincoln, Nebraska, or at such other place as the holder of the note may designate in writing delivered or mailed to the Mortgagor, in monthly installments of Two Hundred Ninety-Three and 78/100 Dollars ($293.78), commencing on the first day of December, 2002; and continuing on the 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 due and payable on the first day of November, 2032; all according to the terms of a certain promissory note of even dale herewith executed by the said Mortgagor. The Mortgagor further agrees: L lie /she will pay the indebtedness, as herembefore 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 ($100.00), 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 terns of the note secured hereby, Mortgagor will pay m Mortgagee, as trustee (under the terms of this trust as hereinafter staled) on the installment due date of each month until said note is fully paid: (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property (all as estimated by the Mortgagee, 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 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, lazes and special assessments. (b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the nom secured hereby, shall be paid in a single payment each month. to be applied to the following items in the order slated: (1) ground rents, taxes, asscssmcnts, fire and other hazard insurance premiums; (1I) interest on the note secured hereby; 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 Mortgagor prior to the due date of the next such payment, constitute an event of default under this mortgage. At Mortgagee's option, Mortgagor will pay a "late charge" not exceeding four perception (4 %) of any installment when paid more than fifteen (IS) days after the due dam thereof to cover the extra expense involved in handling delinquent payments, but such "late charge" shall not be payable out of the proceeds of my sale made to satisfy the indebtedness 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 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 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, shall be refunded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such items when the same shall become due and payable, men the Mortgagor shall pay to the Mortgagee as trustee any amount necessary to makL up the deficiency within thirty (30) days otter written notice from the Mortgagee stating the amount of the deficiency, which notice may be given by mail. Hot any time the Mortgagor shall lender to the Mortgagee, in accordance with the provisions of the role 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 account ofmc 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 properly otherwise after default, the Mortgagee shall apply, at the time of the commencement of such proceedings, or at the nine the property is otherwise acquired, the amount then remaining to credit of Mortgagor under (a) of paragraph 2 preceding, as a credit on the interest aeomed and unpaid and the balance to the principal the remaining unpaid on said note. 4. The lien of this instrument shall remain in full force and effect during any postponement or extension of the time payment of the indebtedness or any part thereof secured hereby. 5. He /she will pay all ground rents, taxes, assessments, water rates, and other governmental or municipal charges, fines, or impositions, levied upon said premises and that he/she 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 against the Mortgagee, or the legal holder of said principal nom, on account of this indebtedness, except when payment for all such items has theretofore been made under (a) of paragraph 2 hereof, and he/she will promptly deliver the official receipts therefor to the Mortgagee. In default thereof the Mortgagee may pay the same.