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To Hav~• :txo To IIoLn the same unto the Mortgagee, as herein provided. Mortgagor represents to. and covenants with, the Mortgagee, that the Mo'x•tgagor has good right to sell and convey said premises; that they ar•e free from encumbrance, except as hereinothertvise recited; that the Mortgagor tvi13 warrant and defend the same against-the lawful claims of alt persons trhomsoerer•. 3ortgagor hereby relinquishes _ all rights of homestead, all marital rights, either in law ar in egyity, and all other contingent itrterests of the Mortgagor in and to the above-described premises: 2'ROVIDEn r'jLWAYS, and these presents are executed and delicered upon the follcwing conditions; to w'tt: Mortgagor agrees to pay to the mortgagee, or order, the aforesaid principal sum with interest from date at the rate often and three fourths per certum (107~~} per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of FIRST FIDERAL SAVIAIGS AND LOAN ASSOC~A~I~~ OF L1,INCOLN gnatein in Lincoln, Nebraska , or at such other place as t e o er of tTte no a may deli writing delivered ur mailed to the Mortgagor, in monthly installments of TAREE Ti11NDRID FIFTY AND 06/100 Dollars (~ 350.06 ),commencing on the firstday of September , 19 gp ,and continuing an the first 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 August • 20i0 ;all according to the terms of a certain promissory note of even date herewith executed by the said itimtgagur. The itifortgagot• further agrees: 1. He twill pal' the indebtedness, as ht reinbefore provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or ary part 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, other than on an installment due date, need not be credited until the nexi,follovving installment Sue 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 note is fully paid (d) ~ sum equal to the ground rents, if au_y, next due, plus the premiums that twill next become due and payable mt policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments nest due on tho mortgaged proltertp (all as estimated by the mort- gagee, and nC 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 when such ground rents, premiums, taxes and rtssessmeuts te•ill become delinquent, such sums to be held by Mortgagee in trust to pay said groutnl rmtts, premiums, taxes and special assessments. (b) The aggregate of the amounts pa}able pursuant to subparagraph (¢) and those payable on the note secured hereby, shall be paid in a single payntcnt each month, to be appiiecl to the foltot+-- ing items in the order stated tt) grrourd rents, taxes, assessments. ;ire anr. other hazard insurance premiums; (II) interest on the note secured he rebl ; and (tn) amortization of the principal of said cote. Any deticienev iu the .amount of our such aggregate tnouthly payment shalt, Cutlass made good by the Aortgagor prior to the doe elate of the treat such payment, constitute ar. event of det:3uit under this mortgage. At ;Slortgagce's option, Lwlm•tgagor twill pay a "late charge" not exceed- ing four per ceutum (] ~~) of euty installment when paid more than fifteen (7 &) days after the due date thereof to cover the extra expense involved in handling delinquentpoyments, but such "late charge" shall not be pagablc out of the proceeds of any sale made to satisfy the indebted- ness secured hereby, uu:ess such proceeds arc sulficieut to discharge t-he entire indebtedness and all proper costs and expenses secured thereby. 3. If the total of the payments made by the Mortgagor under (¢) 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 subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee, shall be refunded to Mortgagor. if, however, such monthly payments shall not be sufftcient to pay such items when the same shall become due and payable, then the 4ortgagor shall pay to the :ttnrtgagce, as trustee, azty amount necessary to make up the deficiency within thirty (30) days 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 shall tender to the Mortgagee, in accordance with the provisions of the note secured hereby; foil payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shnll, in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance aeeumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under arty of the provisions of this mortgage resulting in a public sale of t}te premises coveeed hereby, or if the biartgagee acquires the property otherwise after default, the r~tm•tgageo, 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 uuder {n.) of paragraph 2 precedhrg, as a credit on the interest accrued and unpaid and the balance to the principal then remaining unpaid on said note.. 4. The lien of this instrument shall remain in full t'orce anti effect during any postponement or exten- sion of the time of pay-rnent of the indebtedness or any part thereof secured hereby. 5. An, will, pay all ground rents, i:axes, assessments, water rates, and other governnreutal or• munici- pal cixargcs; Ernes, ur impositions, levied upon said premises and that he will pay all taxes levied upon this ntottigage, or the debt secured thereby, together with any other taxes or assessments tciriclr may be levied ult.der, tllelawsof l+lebraska against the lortgagee, or the legsti holder of said principal note, on account of thslinttebtedness, except when iiayment for alt s'ucit items has theretofore been ntadc under (v) of para- graph 2 hereof, acrd ire twill promptly deliver the ollicial receipts therefor to the liortgagce. In default thereof the Mortgagee may pay the same.