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~{ 'I'o I-InvE ran To Horn the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />Ott and covenants with, the Mortgagee, that the Mortgagor has good right to sefl and convey said premises;
<br />~r - tlsat-they are free from encumbrance; e_eeegt"as-hereinrrtherwise recited; that the bfartgagor~vill warrant
<br />P'" apd defend the same against the lawful claims of all persons whomsoever. .4ortgagor hereby relinquishes
<br />~ n~17r-fights of homestead, alI marital rights, either in,la~v grin equity, and all other contingent iriteresta of
<br />~ the Biartgcr in-and to the above-deseriberl premises- -
<br />~ Piw'~zliiA Atwnys, arzd these piwants a~ e~?cuted and. delivered -upon the following coriditio~, to
<br />~ c?it:
<br />blot•tgagoxagrees ropey tothe Mortgagee, or order, the aforesaid principal sum with interest from date
<br />- at the rate of I~iris grid one ha2fper eentum { 9, ~'o) per annum on the unpaid balance until paid.
<br />The said principal aa~d interest shall be papahle at the office of i~ax`tga~~ PI its Tricorpcrrated
<br />in ;sngleWOad, Colorado , or at such other place as the holder of the natemay designate in
<br />writing delivered or mailed to the Mortgagor, in monthly installments of Two-hundred Th3.Tty ~ 43j4L?Q
<br />IJollars ($ 23G'. 43 ), enmmeneing on the first day of Ja379i2x'y 197 ,and continuing on
<br />the nrst day of each month thereafter until said note is fully paid, except that, if not sooner paid, th fi
<br />payment of principal and interest shall be due and payable an the first day of fJec emtser ~ppg~ail
<br />' according to the terms of a certain promissory note of even datz herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />3. He will gay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br />time, withoat premium or• fee, the entire indebtedness or any part thereof net less than the amount cif one
<br />installment, ar one hundred dollars {~1D4.(HI}, whichever is less. Prepayment fist-.full shall be eseifited. on
<br />the date received. Partial prepayment, other than on an installment due date, need not be credited until
<br />the next fallowing installment due date or thirty days after such gregayment, whichever is Mier:
<br />2. Together with, and in addition to, the monthly payments of principal and interest payable-under
<br />the resins of the note secured hereby; Mortgagor will pay to Mortgagee, as trustee, {under"the terms of this-
<br />trust as hereinafter stated} on the first dap of each month until said note is fnllg paid.
<br />(t6} A sum equal to the ground rents, if any, next due, plus the premiums that witI next lsecame tltte
<br />- -and payable on pplicigs of fire and ether hazard insurance covering the m~rtgaged'p~PeY:
<br />_ glue taxes and assessments next due on the mortgaged property {all as estimated by the $ticirt-
<br />gages, and of which the Mortgagor is notified) less all sums already paid therefor-divided by
<br />the number of months to elapse before one month prior tc the date when such ground rents,
<br />premiums, taxes and assessments will become delinquent, such sums to he held leg Mortgagee
<br />_ in-trust to pay said ground. rents, premiums, taxes and spe:;iat assessments.
<br />(b} The aggi ~u_te of the amounts payable pursuant to subparagraph {rz} and those payable on ttie
<br />note secured hereby, shall be paid in a single payment-each month, to be applied tri the frillaw-
<br />iagitems in the order stn#ed
<br />- {i) ground rents, taxes, assessments, fire and ether hazard insurance premiums;
<br />_ - {r1} interest on the note secured here'oy; and _
<br />{nt) amortization of the principal of said Hate.
<br />.Any defieieney in the amount of any such aggregate monthly payment shall, unle~ made gcwd
<br />- by the 3ortgagor prior to the due date of the next such payment, eaastitute an event of default
<br />undeg this mortgage. At Mortgagee`s option, Mortgagor wil_1 pay a "fate-charge" not exceed-
<br />ing four per eentum {A fc } of any install went cvl2~ paid more than flfteea {I~j days after the
<br />due date-thereof to eaves the extra expense inviil€+ed in handlingdelinquentpaymeats, butsuch
<br />"late charge" shall Hat be payable out of the pi~xeeds of any sale made to satisfy-the indebted-
<br />ness secured hereby, unless sash proceeds are sufficient to discharge theentare indebtedness amd
<br />~ti prn~r its and expenses secured thereby.
<br />3. If the total of tine payri4ents made by the Mortgagor under {d} of ~aaragraph 2 preceding gtxall
<br />exceed the amount crf payments actually made by the Mortgagee, as trustee, for ground reefs, taxe8 and
<br />"assessments ar insurance premiums, as -the case may be, such excess shall be credited by the 1!4'ortgagee
<br />on aubeequent payments to be made by the Mortgagor fur such items or, at Ma~gagee's optiipn, ss trustee;
<br />- shall be waded to bitartgagor. If, however, sunk monthly ~yments shall. not b® su~ient to pay each
<br />items vrhan the same shall becorsie due and. payable, then the bfartga,gar shad pay to the bfartgagee, as
<br />trustee, say amount necessary to make up the deficiency within thsrty {30} days afteravritten: notice frcxn
<br />the Mcrt~tgBgee stating the amount of the deficiency, which notice maybe given by mail If at any time
<br />:the 1~rtg&gor shall "tender to the Afartgag+ee, in accordance with the provisiaris of the Haste secured
<br />- hexebg, full payment of the- entire indebtedness represented thereby,` the' Mortgagee, as trustee, shall;
<br />fist coanputing the amount of such indebtednesB, credit to the accaun± of the Mortgagor any credit balance
<br />accumulated- wader t'he ~rmiisians of {a) of garagraglt 2 hereof. If there shall be a default uad~ any
<br />of the provisigns of this rsrartg~e resulting in x public sale- of the premises ~vered hereby: or if the
<br />M scqur`*_~ #,he Proms` cam.-~rias-after siefaulh, the hlortgagoe.- as trustee; shall agp1,F', at the
<br />t of tee cmi ~ ~ -sent vY sac:h iiririiitgs, ar at the ileac the pro~rty is athejwise aired, Vie'
<br />anavv-at tilteu remaining to credit the 14iortg8gar iiader (a} of paragraph ~-preeeeiiag,:as a credit on tfie
<br />ir€~rest accrued and unpaid and the balance to tdie principal thea.remainiag uagad an Bald dote.
<br />4, :The lien of this instrument sha11 remain in lull force and effect during say postppnementor eater -
<br />sloe ai tihe lime cif paymeni a; tile inaei3tedness or any Bart tliereo£ secunred hereby.
<br />u. He +~•ill ps'tiV ai.l ground rents, taxes, assessinnii#,s, water rates, and tither governmental or tpitnit3-
<br />pal charges, fines, or iinpositiun4, levies"upon'-said prenuses ai.d that he vrill pay all taxes levied upon this
<br />rnortgaga, or the debt seczrted thereby, together with any other taaieR or assessments which may be levied
<br />under the taws aFNcbras'ra against the Pdortgsgee, nr the legal holder of said"principal note, oa aecourit of
<br />this indehtedss, except when payment for all such. items has theretofore been made under (n) of pars-
<br />- graph ~ hereof, anti ke will promptly deliver the otIal" receipts therefor to the Mortgagee. In default
<br />.thereof the hiartgageena~' pa'= ' le same.
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