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TU HAVH: ,,;v'ra 7CO li4Lr3 the same onto the 3fot•tgagee, as hr !ein t,rnti idcd. Mortgagor represettts to, a~nc~I oovt~!mm~US wilt, the Mo't•tgagee, that 1:he ~'fortgagor has gc,or! right to sell and convey said pt•ctnis«=s; that they are free from encumbrance, except as hereinothertirise recited ;that the _l'Iortgagor will ;~•arrant and defend tht: same against the tatvfui claims of ail persons =.rhotnsoever. Mortgagor hereby relinquishes all rights of homestead, all marital rights, either in law or in equity, and all other contingent interests ctf the Mortgagor in and to the above-described prerriises. PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wii: lortgagor agrees to pay to thelIortgagee, or order, the aforesaid principal sum with interest from date at the rate of Ten and one-half per certttm (14.50 Her annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of Coasaerciai Federal Savings and Loan in ~~ , or at such other place as the holder of the note may designate in svritirg delisered or• mailed tc tl;e Jortgagor, in monthly install!nerts of TWO hundred and fifty-three dOl~az7 Dollars (~ 253.91 ), commencing on the first day cf February , 19 84 ,and continuing on and 91 10! the first day of each month thereafter until said note is fuLy 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, 2005 ;all according to the terms of a certain promissory noU~ of even date herewith executed by the satd Mortgagor. The Mortgagor further agrees: 1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium ot• fee, the entire irciebtedness or any= pat•t thereof not less than the amount of one installment, or one hundred dollars ($100.00); whichever is less. Prepayment in full shall be credited on the date received. Partial prepayment, outer 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 earlier. 2, Together with, and in addition to, the monthly payments of principal and interest payable under the terms of the tote secured hereby, Mortgagor will pay to Mortgagee, as tt•vstee, (under the terms of this trust as hereinat*;,er 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 become due and payable oat policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mcrtgaged property (all as estimated by the Mort- gagee, and of which the Mortgagor is notified} less all sums already paid therefor divided by the number of months to elapse before one month prior to the date ss•hen 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 and special assessments. {b} The aggregate of the amounts payable pursuant to subparagraph (n) and those payable on the note secured hereby, shall be paid ir, a single payment each month, to be applied to the follosv- ingitems inthe order stated (r) ground rents, taxes, assessments, fire and other hazard insurance premiums; (u} interest on the note secured hereby ;and {rtr} amortization of the principal of said note. AnY deficiency in the amount ut any such aggtegate monthly payment shall, unless made good by the Mortgagor prior to the due date of the nest such paymenk, constitute an event of defatrtt under this H.tortgage. At Mortgagee`s option, llortgxgor sviIl pay a "Irate charge" not exceed- ing four pet• s~etttnin {-1°°i-) of any inst<til merit sti-hen paid more Than nfteen {15) days aftea• the due date th.~reof to ruv~t' tl;t= t~xtra e3p<i~nsa invilvt~d lit ltanriiingdPsnq;tent p ymerts, but suC,'^, _ _. _ "late cltarg::" shall nt,t b:t pKyctble o:tt--af the proeecl3-of any- sale tn3cl~. tc sat~fy tl~€ inztebt~= tiers secured hereby, tmless such proceeds are sutficieut to discharge the entire indebtedness and all proper costs and expenses secured thereby. $. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shalt exceed the amount of payments4 actually made by the Mortgagee as trustee, for ground rents, taxes anti 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 14iot•tgagor for such items or, at Mortgagee"s option, as trustee, shall be refunded to Mortgagor. If, however, such monthly payments shall not be snt'ficient to pay such items when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee, as tt•ttat~e, any amount necessary to make up the deficiency within thirty 130) days of+.er srt•itten Holier: from tS:e ~*.artgageo stating the amount of the deficiency, which notice may be given by mail If at any time the Mortgagor shall tender to the Mor•tgttgee, in accordance with the. provisions of the nat,~ sec~ur~•d 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 the Mortgagor any credit balance accumulated under the provisions of (a) of paragraph 2 hereof. If there shall bc! a default under any of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the Mortgagee aequlres 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, ttte .amount then remaining. to credit the. Mortgagor under {a) of paragraph 3 pr€ceding; as a credit on the interest accrued acid unpaid and the balance to the principal then remaining unpaid on said note. 4. The lien of this instrument shall remain in fu 11 force and effect during any postponement or exten- sion. ofe;t{~is b€~payment of the indebtedness or any part thereof secured hereby. . ~. . 5. He will pay all ground rents, taxes, assessments, water rates, and other govet•nmental or munici- pal charges, fines, or impositions, levied upon said premises and that he will pay all taxes levied upon this mortgage, or the debt secured thereby, together with any other taxes or assessments which may be levied under the laws of 1Nebraska against the Mortgagee, or the legal holder of said principal note, oa account of this indebtedness, except when payment far all such items has theretofore been made wtder (a) of para- graph 2 hereof, and ho will promptly deliver the otTirial receipts therefor to the 'Mortgagee. In default thereof the Mortgagee may pay the same.