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To HavE arrn Ta HoLn the lama unto the Mortgagee, as herein provided. bortgagor represents to, and covenants with, the Mortgagee, that the Mortgagor has good right to sell and Canvey said premises; that they are free from encumbrance, except as hereinatherwise recited ;that the Mortgagor will warrant and defend the same against the lawful claims of a1llxersans whomsoever. Mortgagor hereby relinquishes all righ tg of homestead, all x;1ax'ita] x•io ,~~ ait_nwr iix #a4v aE' in Equity, and all at_hur contingent intpreStG Of the Mortgagor in and to the above-described premises. P;~vtnEn Ar,wk3rs, and these presents are executed and delivered upon the fallowing conditions, ttx wit: Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date at the rate of Aline and One half per centum (9.5c'fjo) per annum on the unpaid balance until paid. The said grincipal and interest shalt be payable at the office of r~irst Federal 3a Q sand Loan Association o_ inco~n in Lincoln, Nebraska , ar at such other place as the holder of the no a may designate nn wxdting delivered or mailed to the bfortgagox°, in monthly installments of TWO HCINDAID NIPIETERN ANA it6~100 Dollars. {$ 219. %+b ), commencing on the first day of February , 19 79 ,and continuittg on the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final pa..~aaexit of pxi n;.ipal and .interest shall be due and-pay able on the £ust day of January 2009 ;all according to the terms of a certain promissory note of even date heretivith executed by the said Mortgagor. The Martgagor further agrees: 1. He wSll pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness ar any part thereof not less than the amount of one installment, ar one hundred dollars ($100.00), whichever is Less, Prepayment in full shall be credited. on tt~ date received. Partial prepayment, other than on an installment due date, need not be credited until the neat following installment due date or thirty days otter such prepayment, whichever is earlier, 2. fiogether with, and in addition to, the monthly payments of grincipal and interest payable uixder the terms of tYae note secured hereby, Mortgagor aci}1 pay to Mortgagee, as trustee, {under the terms iif this trust as hereinafter stated) on the first day of each month until said note isfully paid:- {a) ~ sum equal to the ground rents, if an}•, next due, plus the premiums that will next become -due and payable on policies of fix•e and other hazard insurance covering the mortgaged property, pies taxes and assessments next due on the mortgaged property {all as estimated by the &Iart- gagee, and of which the Mortgagor is notified) Tess 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, taxes and assessmenttis will became delinquent, such sums to be lxeid by Mara~Gsee in trust `_:_ r ay said ground rents, premiums, taxes and special assessments. rhz mire + ,.f the ama nt~ zz ..t ..x, h r,,. rd tx ~z, r. t.., ., agg..ega.e ., .... ~, p.ya,,,e parsec.. to va...paragrap L.,,J au . ce pa`y'~v}e vn tale note secured hereby, shall be paid in a single payment each month, to be applied to the fallow- - ingitems inthe order stated (t) ground rents, taxes, assessments, fire and other hazard insurance premiums; (ix) interest an the rote secured hereby ;and {Fit) amortization of the principal of said note. llny deficiency in the amount of any such aggregate monthly payment shall, unless made gaud by the Mortgagor prior to the due date of the next such pay meet, constitute an event of default under this mortgage. At Mortgagee's option, ;vlortgagar will pay a `gate charge" cat exceed- ing four per certam (4r=c) of an}- install meet tivhen paid more than fifteen (25) days after the due da±e thereof *.o cover the extra expense involved in handling delinquent payments, but such "late charge" shalt eat be payable out of the proceeds of any sale made to ~,tisfy 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 Mortgagee, as trustee, for ground rents, taxes and assessments ar insurance premiums, as the case may be, such excess shah be credited by-the Mortgagee on subsequent payments to be made by the Martgagor far such items or, at Mortgagee's option, as trustee, shalt be refunded to blortgagar. If, however; such monthly payments shall not be suffieieuL to pay such items when the tae shall bee:-rme due and payable, then the Mortgagor shall pay to the Mortgagee, ag trust, array amount necessary to make up the deficiency 1t~ithin thirty (30) days after written notice from the Mortgagee stating the amount of the deficiency, which notice may he given by mail. If at any time the Mortgagor shad under to the Mortgagee, in accordance with the provisions of the note sECUred hereby, fait l~yment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall, in ccmapa~ting f;ne ansaxxnt of such indi.°dness, ere~?~± to the account of take Martgagor any credit balance accumulated uxxdRr the provisions of {a) of paragraph 2 hereof. If there shah be a default under any of the proviaians of this mortgage resul~rxg in a public sale of the premises covered hereby, or if -the forte acxquire~s the property otherwise after default, the Mortgagee, as trustee, shalt apply, at the time of thQ cammencerrient of such proceedings, or at the time the property is otherwise acquired, the amount then remaining m credit the Mortgagor under {ta) of paragraph 2 preceding. ss s credit on fire ixx'terest accraed and unpaid and the )lance to #2xe prizxeipal then -s'enxaixxing unpaid on said-note, 4. -The lien of this instrxxmetxt shall remdsti in fu1' 1 ftzrce and effect during any postpanenient or eaten- sfoii of the time of payment of tyre indebtedness si• any gust thereof secured hereby: 5, Ile;kviil pay all grauad rents, taxes, a~~~,a~t~: mater xat+~s, and other.grovernmeixtal ar munici- pal charges, firms, or ixnpositians, levied- xzpop said premises and that he wilt pay all taxes levied ixpon this mortgage, or-the debt secured thereby, together a~zttx-any other taxes or assessments which may be levied uixderthe laws of Nebraska againsttheMOrtgagee, or the legal holder of said principal note, an account of this indebtedness, except-when payatxeat far all suelt items has theretofore been made under {a) of para- graph 2 hereof,-and he bill promptly deliver the oifieial receipts therefor to the Mortgagee. In default thereof the Martgageemay-guy the same.