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TO Havr. RAID To llot.n the same wxta the Mortgagee, as lurrc~in pmvidad. Mortgagor rep; rsr~rts tu, and cocenattts with, t}te i4lortgagce, that rite llvrtgagor has goo;l right to sell and convey said premises; that they at•e free from encumbrance, except as hereinother++ise recited; that the Mortgagor will warrant and defend the same against the la+cful claims of all persons whomsoever°. Mortgagor hereby relinquishes ail rights of homestead, sit marital rights, r>iher in Saw ot• in equity, and all atlter contingent interests of the Moe°tgagor in and to the abase-described premises. P'RgYItTEt3 At,waYS, and tltPse presents are executed and delivered upon the foilo+ving conditions, to writ: 1tlortgagar agrees to pay to the Mortgagee, or ender, the aforesaid principal sum with interest from date at the rate of nine and one half per centum (, 9.5~~} per annum oFFn the unpaSaid balance until paid. The said principal and interest shall be payaltle at the otlice of F~seaciati~nlaYa~in~alnnd Loan in Lincoln, ilebraska , or at such other place as the holder of the note may designate in writing delivered or mailed to the Mortgagor, in monthly installments of•I'HREE H'UNDI2ED NINETY FIVE AND Zt711Q Dollars ($ 385.20 },commencing an the first day of , 19 ,and continuing on the first day of each month thereafter until said note is folly paid, except that, if not sooner paid, the final payment of prrincipai and interest shaA be due and payable on the f rat day of ;all according to the tet•ms of a certain promissory note of even date herewith executed by the said Mortgagor. The Mortgagor further agrees: 1. He w°ill pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepag- at any time, without pt•emium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, yr one hundred dollars ($1l}tT.00}, whichever is less. Prepayment in full shall be credited on the date received. Partial prepayment, other than on an installment due date, need not he credited until the next fallowing installment due date or thirty days after such prepayment, whichever is earlier. 2. Together with, and in addition to, the monthly payments of principal and interest payable under the terms of the note secured hereby, Mortgagor wilt pay to Mortgagee, as trustee, {under the terms of this trust as hereinafter. stated) on the 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 became 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 (ail as estimated by the Mort- gagee, and of which the i4iartgagar is notified} Less all sums already paid therefor divided by the number of months to elapse before one month privt° to the date when such ground rents, premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes sad special assessments. {b) The aggregate of the amounts payable pursuant to subparagraph (a} and those payable vn the note secured hereby, shall ik paid in a single payment each nxvnth, to be applied to the foitass- ing items_;:the order stated (t} ground rents, taxes, assessment`, fire and other hazard insurance premiums; {u) inter°estantltenotesecuredhereby;and (ttt) amortization of the principal of said note. Any deficiency in the amount of any such aggregate monthly payment shaL', unless made goad by the :4lortgagor prior to the due date of the next such payment, constitute an event of default under this mortgage. At fklortgrgee's aptien, 1ortgagor will pay a "late ehxrge" not exceed- ing four per centum (~1 z } of any installment +vhen paid more than fifteen (15) days after the due lake thereof to cover the extra expense involved in handling delinquent pay~rttents, but such "late charge" shall not bc~ payable out of the proceeds of atxy sale made to satisfy the indebted- ness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and aII propet• costs and expenses secured tlxereby. 3. If the total of the payments made 6y the Mortgagor under (a) of paragraph 2 preceding shall exczed the remount of payments actually made by the Mortgagee, as trustee, for gt•ound rents, taxes and assessments ar insurance premiums, as the case may be, such excess shalt be credited by the Mortgagee on subsequent payments to be made bp' the Mortgagor for such items or, at Rlortgagee's option, as trustee, shall be refunded to 161ortgagar. If, however, such monthly payments shall not be sufficient to pay such items when the same shall become due and payable, then the 11Sortgagor shall pay to the Mortgagee, as trustee, any amount necessary to make up the deficiency within thit•ty {3Q) day s 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 shalt tender to the :rlox ~gagee, in accordance xvith the provisiarts of the note secured hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall, in computing the amount of such indebtedness, credit to the account of thz; Mortgagor any credit balance accumulated under the provisions of (a} of paragraph 2 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 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. r. Tha lion of this insttttment shall remain in full force and effect during any postponement or exten- sion of the Lime f+f ,payment of the indebtedness or any part thereof secured hereby. :i. He wi21 pay atl ground rents, taxes, assessments, water rates, and other governmental or munici- pal charges, f#ncs, or impositions, levied upon said premises-and the+_ he will pay ail taxes levied upon this mortgage, or the debt secured thereby, together :/ith any other taxes or assessments which may be levied under the laws of Nel3raska against the 141ortgagee, or the legal holder of said principal note, on account of this indebtedness, except when payment for alt such items has theretofore been made under (a) of para- graph 2 hereof, and he will promptly deliver the official receipts therefor to the &Iartgagee. In default thereof the Mortgagee may pay the same.