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~, .~; $ "~a;, To HavE arrn To Hotn the same unto the Mortgagee, as herein provided. Mortgagor represents ta, and covenants with, the Mortgagee, that the Mortgagor has good right'co sell and convey said premises; that they are free from encumbrance, except as hereinothetticise recited; that the Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes atl rights of homestead, all marital rights, either in late or in equity, and all other contingent interests of the Mortgagor in and to the above-described premises. PROVIDED At.waxs, and these presents are executed and delivered upon the following conditions, to wit: Aortgagor agrees to pay to the 11lortgagee, or order, thG,~foresaid principal sum with interest from date at the rate of :en & >hree-fourths per centum (10. ~o) per annum on the unpaid balance emtil paid. The said principal and interest shall be payable at the office of Cccrmercial Federal SVGS & Loan assn. in Oraha, idebraska , or at such other place as the holder of the note may designate in writing delivered or mailed to the Mortgagm•, in monthly installments of Two ':undred and ninety foes and Dollars ($ 294, 21 ), commencing on the first day of .^:eote-:ben 2, , 19 ~0 ,and continuing on 22/100 the first day of each month thereafter until said noke is fully paid, except that, if not sooner paid, the final payment of principal xnd interest shall be due and payable on the lust clay of ^.ugust i 2010 ;ail according to the terms of a certain promissory note of even elate herewith executed by the said Mortgagor. The Mortgago?• further agrees: i. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premittnt ur fee, the eniire indebtedness or any part thereof not Less than the amount of ore installment, or one hundred dollars ($100.00), whichever is less. Prepayment in full shall be credited- on the date received. Partial prepayment, other than on an insta)Iment 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 note secured hereby, Mortgagor will pay to Mortgagee, as trustee, (under the terms of this trust as hereinafter stated) on the first day of each month until said rote is fully paid: (¢) A sum equal to the ground rents, it any, next due. plus the premiums that trill next become due and payable un policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments nest due on the mortgaged property (all as estimated by the ivlort- gagee, and of which the Mortgagor is noti tied) less all sums ah•eady paid therefor divided by the number of ,: oaths to elapse before one month prior to the date when such ground rents, premiums, taxes and assessments :ciil become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes and special assessments. (b} The aggregate ul• the amuonts payable pursuant to subparagraph (¢) and those payable on the note secured heeebp, shall be paid in a single payment each month, to be applied to the follow- ing items in the order stated ([} ground rents, taxes, assessments, lire and :Aber hazard insurance pt•emiunes; (?s) intervskc,nthenotesecnredltr~:•cby;and (tII) amortization of the principal of said note:. .any deficiency in the amount :~t :eny such aggregate rr:onthly payment shall, unless made good by the l4oetgagm~ prior to rite due date of the next such payment, constitate an event of default under this mortgage. At Mortgagee's ~,Enion. A'Iortgag~or will pay a "late charge" not exceed- ing four per centum (~t ~~:) of an>~ install meat tvhmt paid more than fifteen (t5) days after the due date thereof to cover the extra oxpmise iucolted in handling delinyueut payments, 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 suticient to discharge the entire indebtedness and all proper costs and expenses secured thereby. 3. If the total of the payments made by the Mortgagor tinder (¢) of paragraph 2 preceding shall exceed the amount of payments actually made by the \iortgagee, as trustee, for ground rents, tales and assessments or insurance premiums, as the case may ]re, such excess shall be credited icy the i\4ortgagee on subsequent payments to be made by the Mortgagor for such itens ot•, at Mortgagee's option, as trust<m, shall be refunded to tilortgagor. If, however, such monthly payments shall not be sufficient. to pay such items when the same shall become due and payable, then t-he ryiortgetgor• shall pay to the t~iortgagee, a.. trustee, any amount accessary to make up the deficiency within thirty t30) days after wrdteu notice from the Mortgagee stating the amount of the deficiency, which notice may be given by mail [f at any time the Mortgagor shall tender to the Mortgagee, in accordance ecith the provisions of the ^ute xc~cured liere`t~y, fuH payment ut" 'the entire indebtc~lness represented hereby, the Mortgagee, as trustee, hnail, in computing the amount of such indebt~dnesa, credit to the accotmt of the Mortgagor atny credit balance accumulatzd under the provisions of (a) of paragraph 2 hereof. [f there shall be a default under nary of the provisions of Yhis mortgage resulting in a public sale of the premises coeerc~tt hereby, ar if +.hc i4fortgagee acquires the property otherwise after default, the Jortgagee, as trustee, ,hall appiy, ;tt 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 (¢) of paragraph 2 preceding, ~.s a credit on the interest accrued and unpaid and the balance to the. principal then remaining unpaid on said cwte. 4. The lien of this instrument shall remain ir. 1•ull force and effect during any postponement or exten- sion of the time of payment of the indebtedness ur any part thereof secured hereby. 5. He will pay all ground rents, taxes, assessments, water rates, and other governmental or munici- pal charges, fines, or impositimts, levied ugon said premises and that he will pay all taxes levied upon this mortgage, or the debt secux•ed thereby, Together with any other uses or assessments v: hick may be ievied under tltt; laws of idebraska againstthe iriortgagee, or the legal holder of said princil:ai note, un amount of this indebtedness, except when payment for all such items leas theretofore been made under (¢) of para- graph 2 hereof, and he will promptly deliver the otfecial receipts Uteretor to the >lortgagee. In default thereof the Mortgagee may pay the same.