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10(1641 To HAVE AW) To HOLD the same unto the Mortgagee., as herein provided, Mortgagor represents to, and covenants with, the Mortgagee, that the Mortgagor has gcxod right to sell and convey said premises; that they are free from encumbrance, except as hereinotherwise 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 premise. PR vlm) ALWAYS. and these presents are 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 Nine and one half per centum ( 9.50'10 per annum on the unpaid balance until paid. The said principal and interest shall I•n payable at the office of SUPERIOR NORTC(ICE, INC. in GRAND ISLAND, NEBRASKA or at such other place is the holder of the note may designate in writing delivered or mailed to the Mortgagor, in monthly installments of Too Hundred Thirty-Five and Orr /tDDths Dollars ($ 235.44 ). commencing on the first day of January , 1987 ,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 bey due and payable un the first day of oecemer, 2016 ; all according to the terms of a certain promissory note of even date herev. -ith executed by the said Mortgagor. The Mortgagor further agrees: 1. He /she will pay the indebtedness. as hereinbefore provided. Privilege is reserved to prepay at any nurse, 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, tilt: monthly payments of principal and interest payable under the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, (under the terms of this trust as hereinafter stated) on the first day of each month until said note is fully paid: (a) A sum u4lual to the ground rents, if arty, next due, plus the premiums that will next become due and payable on policies of fire and other iaazard insurance covering the mortgaged property, plus taxes and assessments next due ,,, t tle mortgaged property (all as estimated by the Mort- gagee, arLl of •.+Much the Mortgagor is mtt :tied) less all sums already paid therefor divided by the number -f months to elapse i;e for,• erne itionth prior to the date when such ground rents, premiums, taxes and ass<•ssmelits 1A ;'rt b— omc• lit•linquent. Stich sums to be held by Mortgagee in trust to pay said ground rents, prv!iiiuzm;. taxes: and sywcial assessments. (b) The aggregate of the• amounts pat able pursuant to subparagraph (a) and those payable on the note secured hereby, shall be pwd in a singh• payment each month, to be applied to the follow- ing items in the order Stated: (I) ground rents, taxes, assessments, fire and other hazard insurance premiums; (II) interest on the not" Secured hereby; and (m) amortization of the principal of said note. Any deficiency it, the amowtt of ant such aggregate monthly payment shall, unless made good by the Mortgagor prior to the due date tti' titc next such payment, constitute an event of default under this mortgage_ At Mortgagee's. �eptimi. liortgagor will pay a "late charge" not exceed- ing four per centum (.1"'; ) of any ;nst:ail moort % %hleu paid more than fifteen (15) days after the due date thereof to cover the extra exper,sc mm,Aved in h audling tie] inquent payments, butsuch "late charge" shall not be payall it. e,ut t,f the proceeds of any sale made to satisfy the indebted- ness secured hereby, unless suelt pn «_ -tis area 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 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, 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 deficiency, which notice may be given by mail. If at any time the Mortgagor 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 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 property otherwise after default, the Mortgagee, as trustee, shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the amount then remaining to credit the Mortgagor under (a.) of paragraph 2 preceding, as a credit on the interest accrued and unpaid and the balance to the principal then remaining unpaid on said note. 4. The lien of this instrument shall remain in full force and effect during any postponement or exten- sion of the time of payment of the iodebtedne; :s :,r .env hart. thereof sec ureed hereby. 5. Helshe will pay all ground rents, taxes. assessments• water rates, and other governmental or municipal charge, fines, or impositions, levied upon said premises and that hejshe will pay all taxes levied upon this mortgage, or the dell+ secured thereby. together with any other taxes or assessments which may W levied under the laws of tic bra.•.ka again t the Nlortg "ee. or the legal holder of said principal note, on , account of this intdebteclrreae cxcrpt wheoi pavntertt fo `»i + js has the r wfnre heen anode under w.) of it raph '2 hereof, wid tic ,:she wilt promptly dpitver the €. ff.4 ial rvE"ipt_s the refer to the M rtgi;ee In default thereof the= %lortg.4tete may pay the _,�atnc.