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:r~v'~~s 80-- ~' To HAVE wzvD To HOLD the same unto the 3ortgagee, as het-ein px-nvided. Mortgagor represents tu, and covenants with, the Mortgagee, that the 3ortgagor has good right to sell and convey said premises; that they are free from encumbrance, except as hereinotherwise recited; that the Mortgagor will warrant and defend the same against the iawfu3 claims of all persons ss-homsoever. Mortgagor hereby relinquishes all rights of homestead, all marital rights, either in law or in equity, and all other contingent interests of the Mortgagor in and to the above-described premises. PROVIDED At,waYS, and these presents are executed and delivered upon the following conditions, to wit: Bortgagor agrees to pay to the Mortgagee, or order, the afaresaid principal sum with interest from date at the rate of Siever. ,nd ere-half per centum (i1. ~) per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of ~om*rarcial ~ ederai Savin~sv Loan Assn. in Omaha, k:eimasr.a , or at such other place as the holder of the note may designate in writing delivered or mailed to the i4iortgagor, in monthly installments of Four hundrec and seventy Five and Dollars ($ ~+75.;8 ), commencing on the first day of September 19 &0 ,and continuing on 08/131, 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 shalt be due and payable nn the first day of August , 21iQ ;all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor. The Mortgagor fut•ther 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 ir, full shall be credited on the date received. Partial prepayment, other 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 eazlier. 2. Together with, and in addition to, the monthly paymtents of principal and interest payable under the terms of the note secured hereby, >4lortgagor 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: {a) A sum equal to the ground rents, if any, next clue, plus the premiums that will next become due and payable on policies of (ire and other hazard insurance covering the mortgaged property, plus tales and assessments nest clue on the mortgaged property (all as estimated by the Mort- gagee, and of tt~hich the Mortgagor is notified) less all sums already paid therefor divided by the number of months to elapse before oue mmtth prior to the date when such ground rents, premiums, taxes and assessments will become delinquent, such sums to be held by Ma•tgagee in trust to pa}- said ground-rants, premiums, tales and special assessments. (b) The aggregate of the amounts payable pm-suant to subparagraph (rx) and those payable on the note secured hareb~•, shall be paid in a single payment <;qch month, to he applied to the follon-- ing items in the order stated (r) greuud rents, taxes, assessments. fire and ether h&aat•d insurance premiums; (if) iutµrest+,m thenotasectu'edhoreb}~;and (tii) amortization of the principal of said note. any deHcir•ncy i.. the stmount of any such aggregate monthly pavmcut shall, unless made good by t_h:> Slartgagor prior to th~• due date nt thu nest sitclt payment, constitute an event of default under this mortgage. AC Mortgagee's option, iortgagor sill pay a "late charge" not exceed- ing four per centum (-1":) of any installment when paid more 'than fifteen (15) days after the due date thereof to cover the extra expense incoh•er] in handling delinquent payments, but such "late charge" ,hall not be payable out of the proceeds of any sale made to satisfy the indebted- ness secured hereby, unless such proceeds xre sufficient to discharge the entire indebtedness and all proper costs and expenses secured thereby. 3. If the total of the payments made by the Mortgagor under (a) of paragraph ?preceding shall exceed the amount cf payments actually made by the Jortgagee, as trustee, for ground rents, taxes and assessments or insurance premiuts, as the case may be, such excess shall he credited by the Mortgagee on subsequent payments to be made by the Mortgagor for such items m•, at Mortgagee's option, as trustee, shall be refunded to 114ortgagor. If, however, such monthly payments shall not be sufficient to pay such items when the same shall become due and payable, then the 1lortgagm• shall pay to the Mortgage~r~, as trustee, arty amount necessary to make up the deficioncy ss-ithin thirty (30) clays afier wn~ten notice tl-nm 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 securrvl hereby, foil payment of the entire indebtedness represetrted t.het•eby, the Mortgagee- as trnst~~e, shall, in computing the amount of such indebtedness, credit to the account of the Mortgagor an;• credit balance accumulated under the provisions of (a) ot" paragraph 2 hereof. If there shall be a default und•.r 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 trusu~r~, 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 en 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 force and effect during any postponement or exten- sion of the time of pay~ttent of the indebtedness or any part thet•eof secured hereby. 5. He will pay all ground rents, taxes, assessments, water rates, and othox• governmental or munici- pal charges, fines, or impositions, levied upon said premises and that he swill pay all taxes levied upon this mortgage, or the debt secured thereby, igether with any other taxes or assessments which may be levied under the laws of biebraska against the Mortgagee, or the legal bottler of said principal note, on account of this indebtedness, except :when paymeni fot• all such items has theretofore been made tinder (a) of para- graph 2 hereof, and he will ptromptly deliver the oh"icial receipts therefor Yo the Mortgagee. In default thereof the Mortgagee may pay the same.