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r-`° 78-®~~~1~~~ ~ 9 To HAVE arrn To HoLfl the same unto the Mortgagee, as het•ein uro~°ided. Mortgagor represents to, and covcnantg tc•ith, the Mortgagee, that the i4tortgagor has good right to sell and convey said premises; that they are free from encumbrance, except as hereinother« ise recited ;that the Mortgagor tt•i1i warrant and defend dte same against the lawful claims of all persons s+•homsoever. Mortgagor hereby relinquishes alt-rights of homestead, all rnax•ital rights, either in law or in equity, and x11 other contingent interests of the &SortgaQor in and tr, ttte above-described"premises, l~AOETiDTSU ALVVn'rs, and these presents-are executed and delivered upon the following conditions, to wit: 14iortgagor agrees to pay to the Mortgagee, or order, the afores<id principal sum with interest from date at the rate of nine and one half--- per centum {9.5{f"e} ann t n t oa d balance ntil aid. `T`he said principal and interest shall be payable at the office of ~~rst ~ec~era~ ~~v~ngs and ~.oarxp in Lincoln, Nebras"ka , or at such other place as~~e~io~c~er o°ffthe Wort°eitntay designate in writing delivered or maned. to the Mortgagor, in monthly instaltntents of THREE 1i13NDItEB TWO ANIa 71J100 Dollars ($ 302.71 ), commencing on the first day of February ,19 79 -,and continuing an the fix•st 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 January 2009 ;alt according to the terms of a aert,„in pr•omiss.^r;• Hate of even date hez•ett•ith execu=ted 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. Prepayment in full shall he credited on the date received. Partial prepayment, other than an an installment due date, need not be credited until the next following installment due date or thirty days after such prepayment, whichever is eaztier. 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 this trust as hereinafter stated} on tits 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 next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property (all as estimated by the Mort- gagee, and of tz-hieh the Mortgagor is notified} Tess alt sums already paid therefor divided by the number of monti,s to elapse before one month prior to the date when such ground rents, premiums, taxes and assessments will became delinquent, such su3ns to be held lay l~ortga~e in trust to pay said ground rents, premiums, taxes and special assessments. {b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable an the Hate secured hereby, shall be paid in a single pav^:eP.L eaett man±lx, to -„~ applied to the fctt<;w- ing hems in the order stated {i} ground rents, taxes, assessments, fire and other hazard insurance premiums; {u} interest on the note secured hereby; and (iii) amortization of the grincipai of said no*..e. Any deficiency in the amount of any- such aggregate monthly payment shall, unless made goad by the Mortgagor prior to the due date of the next such payment, constitute an event of default under this mortgage, At Mortgagee's option, ~fartgagor will pay a "laic charge" not exceed- ing four per eentum (4 ~j'c } of any installment ~z%nen paid mare than fifteen { 1~) days after the due date ±hereof to eaver° the extra expense involved in handling delinquent paymxents, but such "late charge" shall not be payable out of the proceeds of any sale made 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. Tf tine 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 or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee on subseginextt payments to be-made by the Mortgagor far such items ar, at Maxtgagee's option, as trustee, shall be refunded to Mortgagor. If, however, such monthly payments shall not be sut'fleient to pay such items Evhen the sauce altall' become due and payable, then the Mortgagor shall gay to the Mortgagee, as trustee, any amount necessary to make up tlxe deficiency within thirty (30) days after written notice fronn 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 seegred hereby, foil payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shad, in computing the amount of such indebtedness, credit to the account of the iortgagor any credit balance accumulated under the pxavisians of {a) of paragraph 8 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 Mortgagee acquires the property athersvise after default, the Martgagee, as trustee, shall apply; at the tinse of the camanencement of such proceedings, or at the time the property is otherwise acgxxixeEl, the saTount. then remaining. to credit the Mortgagor uixder _{a) of paragraph 2 precedinng, as a credit on Mdse interest flcc~•u;e~3 and unpaid and the balance t<s the-principal then remaining unpaid on said note. 4. Itte lien of ibis instrument shelf remain ip full force and effect during any postponement or enrten- r~ion of the time of payment of the indebtedness ur any part thereof secured hereby. b. Fie mill pay alI ground rents, taxes,. assessments,. ~ater_ rates, and other governmental or munici- pal charges, Rees; or iniposititrns, leviet~ upon said nSises and-'that he will pay all taxes levied upon-this mortgage; o; the debt secured thereby, together with slay other takes or assessments which may be levied ixnder the IawsnfNel±raska againstthe Mortgages; or the iega2 holder of said principal note, on account of this indebtednesls, except when payment for all Bach items has theretofore been made under (a} of para- graph 2 hereof, and he wiII promptly deliver the official receipts therefor to the Mortgagee. In default thereof the Mortgagee may pay-the same.