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LOAN NO. 13582CARPENTER,
<br />200213673
<br />TO HAVE AND TO HOLD the same unto the Mortgagee, as herein provided. Mortgagor represents to, and
<br />covenants with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises; that they are free
<br />from encumbrance, except as hereinotherwise recited; that the Mortgagor will warrant and defend the same against the
<br />lawful claims of all persons whomsoever. Mortgagor hereby relinquishes all rights of homestead, all marital rights, either
<br />in law or in equity, and all other contingent interests of the Mortgagor in and to the above - described premises.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
<br />Mortgagor agrees to pa to the Mortgagee, or order, the aforesaid principal sum with interest from date at the rate
<br />of Six and One / Ha f per centum ( 6.5000 %) per annum on the
<br />unpaid balance until aid. The said rincipal and interest shall be payable at the office of
<br />PRIMARY RESIDENTIAL MORTGAGE, INC
<br />in SALT LAKE CITY , Utah , or at such other place as the holder of the note may
<br />designate in writing delivered or mailed to the Mortga or, in monthly installments of
<br />Three Hundred Seventy Three Dollars any no /100
<br />Dollars 1$ 373.00 ),commencing on the first day of January, 2003 and continuing
<br />on the first day of each month thereafter until said note is fully paid except that, if not sooner paid, the final payment of
<br />principal and interest shall be due and payable on the first day of deCem er, 2032 all according to the
<br />terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He /she will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without
<br />premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or one hundred
<br />dollars ($100.00), whichever is less. Prepayment in full shall be credited on the date received. Partial prepayment, other
<br />than on an installment due date, need not be credited until the next following installment due date or thirty days after
<br />such prepayment, whichever is earlier.
<br />2. Together with, and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />note secured hereby, Mortgagor will pay to Mortgagee, as trustee, (under the terms of this trust as hereinafter stated) on
<br />the first day 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 and payable
<br />on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments
<br />next due on the mortgaged property (all as estimated by the Mortgagee, and of which the Mortgagor is
<br />notified) less all sums already paid therefor divided by the number of months to elapse before one month prior
<br />to the date when such ground rents, premiums, taxes and assessments will become delinquent, such sums to
<br />be held by Mortgagee 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 note secured
<br />hereby, shall be paid in a single payment each month, to be applied to the following items in the order stated:
<br />(I) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(II) interest on the note secured hereby; and
<br />(III) amortization of the principal of said note.
<br />Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by the
<br />Mortgagor prior to the due date of the next such payment, constitute an event of default under this mortgage.
<br />At Mortgagee's option, Mortgagor will pay a "late charge" not exceeding four per centum (4%) of any
<br />installment when paid more than fifteen (15) days after the due date thereof to cover the extra expense
<br />involved in handling delinquent payments, but such "late charge" shall not be payable out of the proceeds of
<br />any sale made to satisfy the indebtedness secured hereby, unless such proceeds are sufficient to discharge
<br />the entire indebtedness and all proper costs and expenses secured thereby.
<br />3. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall exceed the amount
<br />of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and assessments or insurance
<br />premiums, as the case may be, such excess shall be credited by the Mortgagee on subsequent payments to be made
<br />by the Mortgagor for such items or, at Mortgagee's option, as trustee, shall be refunded to Mortgagor. If, however, such
<br />monthly payments shall not be sufficient to pay such items when the same shall become due and payable, then the
<br />Mortgagor shall pay to the Mortgagee, as trustee, any amount necessary to make up the deficiency within thirty (30)
<br />days after written notice from the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If
<br />at any time the 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 the amount
<br />of such indebtedness, credit to the account of the Mortgagor any credit balance accumulated under the provisions of
<br />(a) of paragraph 2 hereof. If there shall be a default under any of the provisions of this mortgage resulting in a public sale
<br />of the premises covered hereby, or if the Mortgagee acquires the property otherwise after default, the Mortgagee, as
<br />trustee, shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise
<br />acquired, the amount then remaining to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the
<br />interest accrued and unpaid and the balance to the principal then remaining unpaid on said note.
<br />4. The lien of this instrument shall remain in full force and effect during any postponement or extension of the time
<br />of payment of the indebtedness or any part thereof secured hereby.
<br />5. He /she will pay all ground rents, taxes, assessments, water rates, and other governmental or municipal charges,
<br />fines, or impositions, levied upon said premises and that he /she will pay all taxes levied upon this mortgage, or the debt,
<br />secured thereby, together with any other taxes or assessments which may be levied under the laws of Nebraska
<br />against the Mortgagee, or the legal holder of said principal note, on account of this indebtedness, except when payment
<br />for all such items has theretofore been made under (a) of paragraph 2 hereof, and he /she will promptly deliver the
<br />official receipts therefor to the Mortgagee. In default thereof the Mortgagee may pay the same.
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