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I 83-002706 To HAVE AND To HOLD the same unto the Mortgagee, as herein provided. Mortgagor represents to, and covenants with, the Mortgagee, that the Mortgagor has good 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-descrihed premises. PRoVIDED 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 ELEVEN and 00/100 per centum ~ 1.0on) pel' annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of Commercial Federal Savings & Loan Assoc. in Omaha, 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'OI-.'E THOUSAND TWO HUNDRED SIXTY NINE Dollars ($ 1,269.58 ). commencing on the first day of July , 19 8,3and 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 June, 1998 ; all according to the terms of a cert.'l.in promissory note of even date herewith executed by the said Mortgagor. The Mortgagor further agrees: 1. He will pay the indebted/wss, as hereinbefOl'e 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, /leed 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 terms of the note seeured hereby, Mortgagor will pay to Mortgag'L'C, as trustee, (under the terms of this trust all hereinafter stated) on the first day 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 /lext become due and payable on policies of fire and othel' hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged jlroperty (all as estimated by the Mort- gagee, and of whi('h the Mortgagor is notified) less all sums already paid therefor divided by the numQer of months to elapse befort, One month prior to the date when such ground rents, premiums, taxes and assessments will beeome delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, pn'miums, taxes and special assessments. (b) The aggl'f'gate of the lunonnts payable pursuant to subparagraph (a) and those payable on the note secured hereby, shall be paid iu a single payment l'ach month, to be applied to the follow- ing items in the order stated: 0) ground rents, taxes, assessments, tin' and other hazard insurance pmmiums; (II) interest ou the note seeul'l'd hereby; and (!II) amortization of the principal of said note. Any deticiency in ttll' amount of any sllch aggregate monthly payment shall, unless made good by the l\1orlgugor prior to the du!' date of the next such payment, constitute an event of default under this mortgage. At Mortgagee's option, ~Iortlragor will pay II "late charge" not exceed- ing four per c(mtum ('J~o) of any installment when paid mori! than fifteen (15) days after the due date thereof to cover the extra eX\l('nse involved in handlinlr delinquent payments, but such "late charge" shall not be payable oul of lhe proceeds of any salt, made to satisfy the indebted- ness secured heH'hy, unless sueh proceeds are sutllciellt to discharge the entire indebtedness and all propel' 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 as8llS8Il1ents or il\&uranee premiums, as the calle 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 pa~' 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 Mo~l' 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 (0;) 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 Mortpgee acquirea the property otherwise after default. the Mortgagee. as trustee. shall apply, at the time of the commencement of such proceedingJl, or at the time the property is otherwise acquired, the ~unt then remaining to credit, the Mortgagor under (a) of paragraph 2 preceding, as a credit on the intereataccrued 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 und effect during any postponement OJ" exten- siQn of the tiloo of payme/~t of tM indebtedness or any part thereof secured hereby. 5. .tJtl will pay all ground rents, taxCll, llJIlleasments, water rates, and other ll'overnmentJ.\1 or munici- pal charaes, tInet, or.lmpositiol18, levied upon said premist:lI and that he will pa)' all taxes levied upon this ll)QI'~,ur the debt seenred thereby, together with any other taxes or ass(~ssments which may be levied Im~~ia\y.ofNebra.&"lll\gainstthe M.urtll'l1lJl.."', or tho' legal holdeI' of suid principal /lOt>', on account of Uda ~_t ex~pt when pAyment for all sueh items has theretofore b{'''lI made lInd,'1' 1(1) of para. graph 2heroof, and hI' will promptly deliver the official rec<:lpts therefor to the Mnrtgugoe. In default tbMoof thc M",rtll'C(,'l1 may pay the same.