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To HAVE nND To HOLD the same unto tlm Mortgagee, as herein proa•iderl. Mortgagor repri~seuts to, and covenants with, the Mm•tgagee, that the Jia•tgagor has good right to soil and convey said premises; that they are free from encumbrance, except as hereinotherwiso recited ; that thr, Mortgagor will warrant and defend the same against the lawful claims of all persons x•homsoecrr. Mortgagor hereby relinquishes all rights of homestead, all marital rights, either in law or in equity, and all other contingent interests of the Diortgagor in and tin the above-described premises. PROVIDED ALW.>._xs, and these presents are executed and delicm•ed upon the following conditions, to wit: Mortgagot• agrees to pay to the Mortgagee, ur order, the aforesaid principal aunt with interest from date at the rate of Twelve and one nalf per cent.um I 50~ffjj) per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of Fi s Fed rat Sevin s andr oa so t>,o~ of L~acoln in Lincoln, Nebraska ,or at such other place as te{io~ero~frt~ienotemayc~estgnatein writing delivered or mailed to the Mortgagor, in monthly installments of Five dundred Eighty Seven and 00/1 Dollars ($ 5g7.Op ), commencing on the first day of January , 19 83, and continuing on the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the linal payment of principal and interest shall be due and payable on the first day of December 2012 ;all according to the terms of a certain promisso,; note of even date hct•etvith executed by the said Mortgagor. The Mcrtgagor further agrees: 1. He will pay the indebtedness, as herainbelore; provided. Privilege is reserved to prepay at anc time, without premium cn• Fee, the entire indebtedness or any part thereof not LESS than the amount of one installment, or one hundred dollars (.~y100.00), whichever is less. Prepayment in full shall be credited on the date received. Paztial 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 kill pay to Mortgagee, as trustee, (under the terms of this trust as hereinafter stated) on the first day of each mmtth until said note is hilly paid: (a) A sum equal to the ground rents, if. auk-. next due, plus the premiums that tivill nest become due and payable on policies of lire and other hazard iusurutcc coveting the mortgaged prepet~•, plus taxes and assessments next due nn the mcn~tgaged property (all as esiimated by the Jiort- gagee, and of which the Jicrtgagur is notificdl les all sums already paid therefor divided by the numbet• of months to elapse before out month prior to the date when such growut rents, premiums, taxes .uul assessments will become dclinyueni, such stints to be held ny Mortgagee in trust to pay said ground rents, prentittms, taxes and special assessments. (h) The aggregate of the amounts parable pursuant to cubpxragraph (a) and those payable on the note secured hereb}', shall 6e paid in a single payment each month, to be applied to the_ follow- ingitems inthe urclerstated (I) ground rents, taxes, assessments, lire anti other hazard insurance premiums; (II) interest oft the note secured hereby ;and (III) antortizatioit of the principal of said note. _~ny deficiency in the antuuuL of :mc such aggregate mouihly payment shall, unless made good by the Jiortgagor prior to the due date of the nest such payment. constitute an event of default under this mortgage. Atlfortgagce's option, Jiortgagor• will pay a "late charge" not exceed- ing four l~mr ceutum (-`s';2) ni nny install meat tcitun paid mote than fifteen (~a) days after the doe date thureuf to cover the extra expense involved in handlingiielinquentltayments, but such "late charge" shall not be payable out uF t-he~ proceeds of any sale made to satisfy the indebted- ness secured hereby, unless such proceeds arc sufiicicntto discharge the entire indebtedness and all proper costs and rxpenses secured thereby. 3. If the total of the payments made by the Mortgagor under (n) of paragraph ~ preceding shall exceed the amount of payments actually made by the Jortgagee, as trustee, Per ground rents, tales 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, :tt 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 Jiortgagor shall pay to the Mortgagee, as trustee, any amomtt necessary to make up the deficiency within thirty (3t1) days alter taritten notice from the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time the Mortgagor shalt tender to the Mortgagee, in accordance with the provisions i>f the cote secw•ed hereby, full payment of the entire indebtedness represented thereby, the Jortgagee, as trustee, shall. in computing the amount of such indebtedness, credit to the account of the Mortgagot• any credit balance accumulated under the provisions of (a) of paragraph S hereof. If there shall be a default under any of the provisions of this mox•tgage 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. `Phe Next of this instrument shall remain in full force and effect during any postponenteut or exten- sion of the time of payment of Ute indebtedness or anc part thereof secut•ed hereby. 5. He will pay oil groun,i rents, taxis, assessments, water rates, and other guvernmoutal or munici- pal charges, fines, or imposdiuns, lx:vicd ufwn said premises sod that he will pay all lases levied upon this mortgage, or the debt secured thereby, t-oge.Lher with any other taxes ur :assassnx~uts which tux>r be levied un+Ierthclawaof'V~braskaagainstthe.Mortgagee,+ar th~:legal ho!deroi'said principal note, ..n account of this indebtedness, except when puynxeot For ail sui~h items has :atvetofore ll,cett made under !a) elf para- grap}t `L hctreot, and he will promptly deliver the official receipts tits: refer to thc~ Mortgagee- h, zlei'ault thereof the hiortgagoe may pay the same.