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To HavE arty To Hain the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, the Mortgagee, that the Blortgagar has good right to sell and convey said premises;
<br />that they are free from encumbrance; except as hereinother~vise recited; that the Mortgagor ~c ill warrant
<br />i and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />~~° ~all'rigi-its of hnmest€ad, all mairital rights; either in la~v or an equity, and all other-contingent interests of
<br />~ ~~he ~ortagor in and kn.the ai'e d-described, premises.
<br />QQ--
<br />Pxcivmso-riLtYaYS, and these preseii£s are executed and dslivei°ed upon the fotlgwkng conditions, to
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<br />~ 14fOrtgag r agrees trs paY to the bTartgagae, ar ardor, the aforesaid principal snm with interest from date
<br />g at the rate of k iii g end O2] ~ ha.lf~r centum { q ~e} per annum on the unpaid balance untilpaid.
<br />The.Eazd..pprinc ;sali and interest shall be payable at the a#lice of Noi•$gage F~.u~ IiicarpGrated
<br />~ t~ m ~,7igl ewo o d, Co3or~do , or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the Mortgagor, in monthly installments of Two_l~azidred Se~ ~.tY'-s iS 371d
<br />b9f 100 ~ (~ 276, 69 },commencing on the first day of Jarlxaary , 9 ,and can mum on
<br />the f rst day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final
<br />` payment of principal and interest shall be-due and payable on the first-day of i7ecember 200 ~j•? ~~~ ~'
<br />- according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />The Mar#gagor further agrees:
<br />1. he will pay the indebtedness, as hereinbefare provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire- indebtedness or any part thereof not less than the amaant of one
<br />inatsllment, or one hundred dollars {140.44), whichever is less. Prepayment in foil shall. becredited- an
<br />the date received. Partial. prepayment, czther than on an installment due date, need not be credited until
<br />the ~zext following installment due date or thirty days after such prepayment, whichever is earlier.
<br />2. 't'ogether with, and in addition #o, the monthly payments of principal and interest payable under
<br />- the terms of the Hate secured hereby, Mortgagor will pay to Mortgagee, a4 trustee, (under the terms of this
<br />trust as hereinafter stated) an the first day of each month until said Hate is fully paid :
<br />(rt} A sum equal to the ground rnnts, if any, next due, plus the premiums that will next became due
<br />and gayable on policies of fire and other hazard insnrance covering the mortgaged propn:-
<br />plus taxes and assessments next due on the mortgaged property (alt as estimatedby-the Mort- .
<br />gages, and of which the Mortgagor is noti fled) less all sums already- paid therefor divided }iy
<br />the n-amber of months to elapse before one month prior to the date when such ground rent3,
<br />premiums, taxes and assessments trill became delinquent, such sums to be held by;3fortgagee
<br />in trust to pay said ground rents, pmnzimins, taxes and special assessments.
<br />{b) The aggrena`~ of the amounts payable pursuant to subparagraph (a) and thc~e payable on the
<br />Hate secured hereby, shall be paid in a single payment each month, to l~ app}ied is tli~ cllaty-
<br />ing items in the order atateci
<br />{i) ground rents, taxes, assessments,. fire and other hazard insurance premiums.;-
<br />- (ii) it{terestontltenatesecuredhereby;and
<br />: {iii) amortization of,the principal of saidnote_
<br />Any defzcieney in.the artiount of any such aggregate monthly payment shall, unle~mad~gtiod
<br />by the 3fartgagor prioi t4 the-due. date of the next such payment, constitute an event cif default
<br />under this mortgage. -tit ~lfiortgagee's option, Mortgagor vrill pay a "kate charge" riot ~cee±i-
<br />ing four per centuin {~ ~ } of any installment when paid more than fifteen f i5) deys after the
<br />due date thereof to cover the extra expense inYalved is handling delinquent payments, but such
<br />"late charge" shall not be payable out of the proceeds of any sale made to satisfy the indeltted-
<br />Hess secured hereby, unless such proceeds aresufficient to discharge the entire indebtednesssad
<br />.elk proper casts and. expenses sevur~ thereby.
<br />3> If the tatal'af the paytents made by the DEartgagor under {a) of paragraph 2 prim dnall
<br />exceed the sutount of .payments actually roads by tdie Mortgagee, as trustee, far ground rents, taxes sad
<br />assessments or insurance premiums: ~-the ease maY be, such ernpo+c ahali be credited by fire 14d
<br />an subaequttnt payments to be made by the ~ortgagcsr for such items or, at ldort:gagee'a ogtioii, as truBteE,
<br />s}i:sll lie :afunded to'ins~ar. If, however, sucl: monthly payment shall Hat be sufi~ient to-pay such;
<br />items when_ths sonic shall b~ozne due-and payable, thaw the l~ortg$gor shall pay to the ffiortgagee, as
<br />trash, any. amount necessar}%'ta mane dp the deficiencY'~'ithin thirty {34} days after written notice froze
<br />the Iliortggg®e _~ating the amaunla of the deficiency, which notice may be given by mail. I€ at any time
<br />rtgagae, zn accordance with the provniians of the note secured
<br />the; l~r sl3all bender to the Ivlo
<br />Izez~eby, fitli payment a€ the entire indebtedness represented therebp, fine Mortgagee, as trustee, shall,
<br />i izi'ag?mputing the amount of sack indebtedness, credit to the account of the Idartgagor any credit balance
<br />s~umnlated iuider the provisietiis of {a) of paragraph 2 hereof. Tf there shall be a deI*auit under aAy
<br />of #ze proviacina of this moztgage resulting in a gublie .sale of the premises severed hereby, ar if the
<br />~artgsg'ee acaetires-the Pt~gerty ut#ierwi€~e after default; €he :'ifurtgagsee; as trustee, shall sppi3*, a~ :the
<br />tune of tare cammeneemeat ai sac11 g~i or a} Clze rime the progezjey is otherwi~ asxlui-mod,
<br />a~aunt then rp_znaining to credit the .h~ort~gvr ender (n) of pa~za 2. preceding, as a credit an flee
<br />inie*eat aceru~:d and ungsidand the l~attc#: to tYte, principal then'`rentainitsg unpaid oa aaitl note:
<br />4. The lien of +diisinstruizeeut shall i~na#n ir, fig Il force and ofiect durtt~g any past~anemenE ar eafi~n-
<br />lion of the tittle of gas*ti~~ent of fitfe indebtedness or any part thereof.sec#kr~3lier~y:
<br />fi. ixe will pay ail ground rents, taxF:e, assessments, water rates,. and ether governmental or manici-
<br />oal chatl{ea, Antis, or impositions, levied upon said premises and that he-will pay all taxes-levied upon this
<br />msrtgntge; or the dpttt;ae~xedthereb~_, t~lrethr.r-with any at~Y[et taxes as assessments ~'hieh may he levied
<br />under{he laws of lti~sraslcaagainstthe Mortgagee, v-r the legal holder of said principal Hate, on account of
<br />,this in€ielitedneas,,eseegtwhen pay>iientfor all such iteins.hastheretafore been mode under (a' of Para-
<br />- graph 2 hereof, and he will promptly deliver the-a#llcial receipts therefor to the 14fortgagee. In default
<br />thereof *~ie Ydottgagee may ps< - e same.
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