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82-- '`~~' ~'r~~3 To HevE 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 ::-ill warrant and defend the same against the (awful claims of afl 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 premises. PAOV1nEro ALtVAYS, and these presents are executed and delivered upon the following conditions, t0 wit: Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date at the rate of 'itaelve and one half per centum ~ c«"q) per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of Fi sC ederal 5avia s p anrd y~~p association of L nc.gttln in Lincoln, Nebras[ca , or at such other lace as t e ttotaer of the no a may ~est ate in writing delivered or mailed to the i4Tortgagor, in monthly installments of S~~Eg~undred Sixty Eight and Dollars ($ 758.43 ), commencing on the first day of December // ~2 ,and continuing on the first day of each month thereafter until said note is fatly 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 Mortgagor- The Mortgagor further agrees: 1. He will pay 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 ($100.00), whichever is less_ Pre~ymenL in full shall be credited on the date received. Partial prepayment, other than on an installment due date, need not be credited anti! the next following installment due date or thirty days after such prepayment, whichever is eartier- 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, zts 'trustee, (under the terms of this trust as hereinafter stated) on the first day of each month unfit said note is fully paid: (¢) A sum equal to the ground rents, if auy, nest due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance co~'ering the mortgaged property, plus taxes and assessments next clue on the mortgagcvl prulx~rty (all as estimated by the alort- gage~, and of which the Mortgagor is notifiedl less aH sums already paid therefor dir-ided by the number of months to elapse before orw month prior to ttze «late when such ground rents„ premiwns, tales and assessments a-iU ]xcome delinquent, such sums to lie held by Mortgagee in trust to pay said ground rents, premiums, taxes and special assessments, (b) The aggregate of the amounts pas°able pursuant to subparagraph (u) and !hale payable on the note secured hereby, shalt be paid in a single pai'ment each month, to be applied to the follow- ing items in the order stated (i) ground rents, taxes, assessments, fire and :rther hazard insurauce premiums; (it) interest on the note secured hereby; and (ni) amortization of the principal oC said note. Any deficiency in the amount of any such aggregate nuxtthly payment shall, unless made good by the itilortgagor }x•ior to the due date of the next such payment, constitute an event of default under this mortgage. At 3ortgagee's option, Mortgagor wick Euty a "late charge" not exceed- ing four per centum (=l~`c) of any installment when paid more than fifteen (15) days after the due date thereof to cover tkie e_etra expense invuh•ed iu handling delinquentpuyments, bet such "late charge" shall nut be payable out of the proceeds of any sale nrxde to satisfy the indebted- ness secured hereby, 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 3ortgagee, 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,. faU 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 accumulatzd under the provisions of (a) of paragraph 2 hereof. if there shall be a default under any vi Elie pravlatona of !life mortgage resulting in a public sale of the premises covered hereby, or if the bdortee acquires the property otherwise after default, the Mortgagee, as trustee, shall apply, at the tilge of the eamimeneement of such proceedings, or at the time the property is otherwise acquired, the amQUnt then remaining to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the iataK4# > and unpaid and the balance to the principal then remaining unpaid on said note. •d. The lien qt this itiidrument shall remain in full force acid «:ffect during any postpmtemer ~ ~ ~r cxten- ainn ~ the ttiape ut grtynicmt of the ituSetitedtiesa ar any part thereaf securEKl hereby. b. Ufe tw+ilf pay aq ltfugitul tents, t+rxrs, aH7N4tAWrittiits, avatar rates, and other governmental nr munici- ft~ ~ or iIIlprpYLitSuigs, kevi®d rt~iuri Braid ptemiaas and that he will pay all taxes levied upon this ~, ~ the ~:+rur~ tliar~»', ttliar with arty other uses tr assmerits which may be kevieci a[irfr Wi~s~` ~«tr~.f+ui ry~ietatit rlt~ ~cu~. e,t ttnr, legal hrlr#r~r .,f slid Grin, iyal ru,te, rrn acc^crunt of 4 alma psr)«vavzet fi~ tell awh items Ass tiwr~~4irt«ire tx-«rt nude rind«r ta) of para- ~iNM~ t hriwol, x~sA +~ ~ pr+~ypRtat ~•irrrt for t~riril rer{Ats tlh+.twf±ir ter ri+r ~ir;rtgagow. in dtrfault "-. _ l~ware i4q~t F~7 tea iti~x..