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88- 1065Qr; To HAV!; AND To HO\.l)Ihe same unlo Ihe MOIlHllgee, 1I1rt'n!rl!11l provided, Morlgagor repre.enl. to, and covenant, with, Ihe Mollgagee, tllOl Ihe MOllgagor has good right 10 ,ell and convey sold preml.e.; Ihal Ihey are rree rrom encumbrance, excepl as herelnolherwlse reelled; Ihal Ihe MOllgagor will warranl and derend the 'ame aguln..the lawful claim. of all person. whomsoever, Morlgagor hereby rellnquishe. all rlghl. or home8lead, all marilal rlghls, eilher In low or in equity, and 011 other contingent Inlerests or the MOllgagor In and 10 Ihe above-described preml,es. PROVIDED AlWAVS. und Ihese presents arc executed and delivered upoa Ihe following condillons, to ~:t: Morlgagor agrees to pay 10 the Morlgagee, or order, Ihe aforesaid principal sum with In Iciest from dote at the rate or Ten per cenlum (10.00 "To) per anaum on the unpaid balance until paid. The said principal and interest shall be payable at the office or IEiTIK IIIRTGI&: CORPORATl~ In MT. ClEIENS, MIClU6AN , or al sueh other place as Ihe holder ur the note may designate in writing delivered or mulled to the Mortgagor, In monthly Installments of Two Hundred Eighty-Srv,", and 84/1001hs Dollars ($ 287.84 ), commencing on the firsl day or January, 19 8S , and conunuing 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 ::ond interest shall be due and payable on the first day of Decellber, 2018 ; all according to the terms of a certain promissory note of even date herewith execuled by the said Mortgagor, The Mortgagor further agrees: I. He/she will pay the indebledness, as hereinberore 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 install- ment 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 terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, (underthe terms of this trust as hereinafter stated) on the fITst day of each month until said note is fully paid: (oJ 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 mongaged property (all as estimated by the Mortgagee, and of which the Mortgagor is notified) less all sums already paid lherefor divided by the numher 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, taxes and special assessments. (b) The aggregate of the amounts payable pursuant \0 subparagraph (a) and Ihose payable on the note secured hereby, shall be paid in a single payment each month, to be applied to the following ilems in the order stated: (I) ground rents, taxes, assessments, fire and other hazard insurance premiums; (lI) interest on the note secured hereby; and (III) amortization of the principal of said nole. 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 defaull under this mortgage. At Mortgagee's option, Mortgagor will pay a "late charge" not exceeding four per centum (4"0) of any installment when paid more than fifteen (15) days after the due date Ihereof to cover Ihe extra expense involved in handling delinquent payments, hut such "late charge" shall not be payable OUl of the proceeds of any sale made to satisfy the indebtedness secured hereby I 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 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, as trustee, shall he refunded 10 Morl- gagor. If, however, such monthly payments shall nOI be sufficient to pay such items when the same shall become due and payable. then the Mortgagor shall pay to the Mortgagee, as trustee, any amount necessary to make up the deficiency within thirty (30) days after written notice from the Mortgagee stating the amount of the deficien- cy, which notice may he given by mail. If at any time the Morlgagor shall tender to the Mortgagee, in accordance with the provisions of the note 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 of the Mort- gagor 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 property otherwise after default, the Mortgagee, as trustee, shall apply, at the lime of the .:;ommencement of such proceedings or at the time the property is otherwise acquired, the amount then rew maining to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the interest accrued and un- paid and the balance to the principal then remaining unpaid on said note. 4. The lien of this instrument shall remain in fuU force and effect during any postponement or extension of the time of payment of the indebtedness or any part thereof secured hereby, S. He/she will pay all ground rents, taxes. assessments, water rates, and other governmental or municipal charges. rmes. or impositions. levied upon said premises and that he/she will pay all taxc!<Ilcvicd upon this mort- gage:. or the debt secured thereby, together with Rny olher lW!.~ or n~sessmenb which may he h,'vied under lhe laws of Nebraska againslthe Mortgagee, or the legal holder of !laid principal note. on a-:cOUnl of thi, lt1drbtcdncs~, except when payment for all ~uch items has theretofore been made under (u) of paragraph ~ helt'lll, ilnd Ill' "hl' will promptly deliver the' official receipts therefor (0 the Mortgagee, In d~faul1lht:rl"of Ihe "11rlJ.!lJ!!l'l' 111.n PU\- lhe' \ame ..