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To HAVE AND To HOLD 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 />PROVIDED 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 Twelve and One l is 1 f per centum ( 12', % ) per annum 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 Administration Regional Office, 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 />"three Hundred Four and 18/100 - - - Dollars ($304. 18 ),commencing on the First
<br />day of Apr i 1 , 19 Ss , and continuing on the First
<br />day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final pay-
<br />ment of principal and interest shall be due and payable on the F r s t day of Dlarch ,
<br />20I S ; all according to the terms of a certain promissory note of even date herewith executed by the
<br />said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He will pay the indebtedness, as herembefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one
<br />installment, or one hundred dollars ($100.00), whichever is less. Prepayment in full shall he credited on
<br />the date received. Partial prepayment, other than on an installment due date, need not be. credited until
<br />the next following installment due date or thirty days after such prepayment, whichever is earlier.
<br />2. Together with, and in addition to, the monthly payments of principal and interest payable under
<br />the terns of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee (under the terms of
<br />this 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 1,.emiums that will next become due
<br />and payable on policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due on the mortgaged prolx rty (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 tlae
<br />note secured hereby, shall be paid in a single payment each month, to be applied to the follow-
<br />ing items in the order stated:
<br />(I) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(it) interest on the note secured hereby; and
<br />(m) amortization of the principal of said note.
<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 o ation, Mortgagor will pay a "late charge" not exceed-
<br />ing four per, centum (4l :, ) of any instatiment when paid more than fifteen (15) days after the
<br />due date thereof u, 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 exl,enses secured hereby.
<br />3. If the total of the payments matte by the Mortgages under (u) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by the ^�ortg11gee ,as trustee for ground WDIS, kiWS ;and
<br />assessments orinreurance pre�niums,as the case
<br />m<ay be, such ex, w,% Shall be creditedby the flortgap,ec
<br />on sub%equ ۥnt paym t% to be made by the, Mortgagor for such horns or, at Mortgagees option ;hull be
<br />refunded to Mortgagor. If, however, such monthly payments ,hall not he miffra ient to lKiN ~1101 items 44 1
<br />when, The same shall be come due and playable, then the Mortgagor shall play to the' Mortgagee as trn,:ta't,
<br />any aarnount necv%% ry to make sap the it ofi( wnry, within thirty 1.:1(1) d,ay5 ;after u:rattera notice From the )
<br />mortfaag;ev °stating the ,amount of the deficiency, which notice may ba• i,iven mI, ;n,aal It at .in% tum the
<br />Molligagor shall finch ^r to the Mortgagee, in accordan(_e with the prm o t onto see urr-0 howht,_ o
<br />Toll p,arpme•0at of the casein, enilebtedow's repreSeraled thereby, the .as tni5tee, rohall.'anel,mpuGng,
<br />V110 aar,ount of wurh au,feobtvdlivw,ti. , n•dat to the, ,a, eotuir ,,+ She Rlortt'.,4k')l ,n� � 1-W h,il.uii I, nrauf; +k e.9
<br />v114e ^r the pro'.. low. elf (a+) „l laur;aVj alrh 11 0wre vivall Tw ,i d"I"n!I un =i. , .,n\ ,! t!;. pt„risaun•,
<br />T ti w, ,n oriy., e,e r - mituta,, an :a pulal„ s,a 1, ..P ttir , i„ r,e r,l h' wk% i' 1I1,•
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