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,. ) TO HavE axn TO 1{ol,n the same unto tare 14iorteagee, as herein provided. Mortgagor represents to, and covenants with, the Mm•tgagee, khat the Mortgagor has goad right to sell and convey said premises; that they are free from encumbrance, except as he+reinotherwise recited ;that the Mortgagor will warrant and defend the same against the Jax-ful claims of all persons whonrsocscr. Mortgagor hereby relinquishes all rights of homestead, all marital rights, either in late or in equity, and all other contingent interests of the Mortgagor in and to the above-described premises. PROVIDED AI=waYS, and these presents are executed and delivered upon the fol}owing conditions, to wit Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principatl sum with interest from date at the rate of 1t~,e 1 ve and one ha L f per centum (2. SOR) E)ie •s r~u~SS~taZ1eSUa~i~idsbalance until paid. The said principal and interest shall be payable at the ollice of an~ ~oan Xssoca.atio~ of Lincoln in Lincoln, Nebraska ,or at such other place as thehol~er f~rednotem8 c~esi~tatein gg @ n red ptyr y our and writing delivered or mailed io the Jim•tgagor, in monthly installments of ~Y71 b Dollars ($ 544.31 ) commencing un the first dap of December , 19 82 ,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 be due and payable on the first day of November 2012 ;all according to the terms of a certain promissory note of even date herewith executed by the said bortgagor. The Mortgagor further agrees: 1. He will pap the indebtedness, as hereinbefore 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 ($200.00), whichever is less. Prepayment in full shall be credited on the dale 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 eazlier. 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, (under the terms of khis trust as hereinafter stated) on the first day of each month until said note is full}- paid: (a) A sum equal to the ground rents, if au}•, nest dae, plus the premiums that will next become due and payable on policies of fire and other hazard insurance rocering the mortgaged property, plus texas xnit assessments next due on the mortgaged pruptt•ty (all as estimated by the Mort- gagee, and of tchich ttte Dortgagor is nutilicd) k•ss all sums already paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, lases and assessnrt°nts teill become drliuqurnt, such sums to be held by Mortgagee in trust to pa}• said ground rents, pretniuars, taxes and special assessments. (b) The aggregxie of the amounts payable pursuant to subparagt:aph (re) and those payable on the note secured hereb},shall be paid in x single payment each month, to be applied to the follow- ingitems in the order stated (t) grount'1 rents, taws, assessments, tiro and other hazard insurance premiums; (u) interest un the note secured hereby; rand (nI) amortizatimr of the principal of said note. Any deficient} in the anroant. of nn> such aggregate nranihly payment shall, unless made good by the :tortgagor prior to the due date of the next such payment, constitute an event of default under this mortgage. ~t ~Iorigagee's ap[ian, Mortgagor will pay a "IAte charge" not exceed- ing four per arotum (~1 r ~ 1 oi' sett install meat t+~hen httid inure than fifteen (l5) days after the due date thereof to cover the ,•xfra rSpcuce ittca~lred its handling delinquent payments, but such "late charge" shall not be payabh~ out of the prueer=ds of any sale made Go satisfy the indebted- ness secured hereby, unless such In„ca•eds are sutticieut iu discharge the entire indebtedness and all proper costs ;aril expenses seturrd 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 ViortgagtAe, as trustee, Cor grotuul rents, taxes and assessments or insurance premiums, as the ease 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 pxymcnts shall not be sufficient to pay such items when the same shall become due and payable, iheu 'the Mortgagee shall pay to the Mortgage, as trustee, any amount accessary to make up the deficient}• within thirty (30) days after a ritten entire from the Mortgagee stating the amount of the deficiency, which notice may be given by snail. [f at any time the Mortgagor shall tender to the ;4lartgagee, in accordance with the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby, the Rortgagee, as trustee, shall, in computing the amount of Such indebtedness, ereiiit to the account of the Mortgagor any credit balance acetunulated under the provisions of (a) of paragraph '3 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 Martgagc~ acquires the property ot$et-wise after default, the 9{ortgagece, its ttusiee, shall apply, :tt the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the. amount then remaining to credit the 141ortgugor under {Q) at' paragraph 'L preceding, :~ a credit +ur the interest accrued and unpaid and the balance iu the principal then retttainittg unpaid on said 4. The lien of this instrument shall rentatn in full frn•te anal eIl'ect riming any Iwstponetnout ++r ehxtetr sign of the time cf pa;; ment of the indebtedr,~~ 3 ur any part thE_r::uf scourer! hereby. 5. He toil! tuty ail around wants, taxoz*, :assesvment+s, stater rates, and other gocernnrental or ntutrici- pal charges, fines, nr impe;itious, levied uix,n said ptrmisers and that ter ta~ili pal= all trues lee led upon this a}ortgafr+?. ar the- alt+bt, atveure~ct thEt~:by. G,yethrtr t+ith any= other taxE~s ;~ ~ a4sc naouts rchich !ate}' tee levied uac~r fhe laws c,f tiehragka against thn Mortgtegec, er the Segal holder of said ;ar ncpas note, on arca.unt at- this tndr:btednr~3, except when pa}°ment for ,ail such iteulr, h;~~ than4ofot'e. !~+=c,t nrxuie, under (+a) nt J,at-a- graph Z h€traf, aatd lt>x mill Jrratrapt-Jy rl.<tive;e t.hr~: ;,Ilk,iai trri•1»sv thrrct+:r to the y~fa.rtgtrgrr. !u +ieiauit the,rcof Div MoraT#~'. Wray ~y the +amc.