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<br />To HAVE A2YD To Hb€,D the same unto the. Mortgagee, as herein provided. i4iortgagor represents to,
<br />and covenants with, the Mortgagee, that the Mortgagor has goad right to sel} and convey said premises;
<br />that they are free from. encumbrance, except as hereinather~~•ise recited ;that the Mortgagor will warrant
<br />and defend the same against the lawful claims of all persons Cdr:omsoever. i~iortgagor hereby relinquishes
<br />allrignts of homestead,-all srtarital rights, either- iFC xaw or lei equity, and ail otl-,er Cantiiregei',t it:tcl~ls of
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<br />t~ TM~T*Aag2?' i^ And to ±hP oho ~des.^,2•ibed p•ee~
<br />P73DVfDEO A2:~ags, and these presents are executed and delivered upon the following eonditions;'t~
<br />wit: - - _-- -. - - - - --. _ -
<br />Mortgagoragrees to pay to the t'tlortgagee, or ox°der, the aforesaid principal sum with interest from date
<br />at the rate of id1.n2 and 022E h~lfper centum (~> fro) per annum on the unpaid balance until paid.
<br />'!'Ite said principal aadint~Test shall be ; ayahte at the ofl'r•e of :~:i*Z't~-g$ Flue In oo~ yzira~~d
<br />yn rngl~wood, uolorado , 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-hu2~2dz•ed Eighteen Bc 66/
<br />1 C}C}ths riollars {$ ~ 18> b5 .),commencing on the first daY of Febt°Uary ,.2979 , axed continuing on
<br />-the first day of each-month thereafter until said note is fully paid, except that, if not sooner paid, the FtuaI
<br />payment of principal and interest sha}I be due and payable on the first day of Janua~°y 2G{}9 ;all
<br />according to the terms of a certain promissoiy notz of ever, date herewith executed by the said Mortgagor.-
<br />The Mortgagor further agrees:
<br />1. Ile will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at an~°
<br />time, without premium ar fee, the entire indebtedness or any pat•t thereof not less than the amount of one
<br />installment, or one hundred dollars ($2flfl.fl0), whichever is less. Prepayment in full shall be credited-cirt
<br />the elate received. Partial prepayment, other than an an installment due bate, need not be eredite+d un*ai
<br />the next fallowing installment due date ar thirty days after such prepayment, whichever is earlier.
<br />~. Together with, and in addition to, the monthly payments of principal and interest .payable ender "
<br />the terns of the note secured hereby, Mortgagor will pay to Mortgagee> as trustee, {enderthe-terms o€ this "
<br />frost as hereinafter stated) on the first day of each month until said note is fufly paid:
<br />(a) A sum equal to the ground rents, if any, next due, plus the premiums that will next became due
<br />and payable an policies of fire and other hazard insurance covering the 2ortgaged property,
<br />plus taxes and assessments next due an the mortgaged property (all as estimated by the bfoxt-
<br />gagee, and of which the Mortgagor is notified) less ail sums already paid therefor divided b3'
<br />the number of months *.o elapse before ene month prior to the date when such groi2nti -_in~,
<br />premi~~A*+s, faxes and assessments cuill become deiiiaquent, such sums to be held by Mortgagee
<br />in .trust to pay said ground rents, premiums, taxes and special assessments.
<br />(i~ j ~ine aggregate ni the amounts payable pursuant to subparagraph {a) and those payable on;the
<br />note secured hereby, shad be paid in a single payment each month,-to be applied to the follow-
<br />ins items in the order stated
<br />f2} ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />{22) intei~estonthenotesecuredhereby;and
<br />{2S2) amorti?.ation of tlie_grineipal of said na±~.
<br />Any deficiency in the amount of any such aggregate monthly payment shall, unless made gaud
<br />by the i6lortgagar prior to the due date of the next such payment, constitute xn event of default
<br />under this mortgage. At Mortgag?e's option, .Mortgagor will pay a "late charge".not exceed-
<br />ins four per ceretum {4ro) of any installment when paid more than fifteen-(25) daysafter"the
<br />due date thereof to cover the extra expense involved in handling delintpeentpayments~tn2tsuch
<br />"la*N. charge" shall :tot l;° payable cut of Cite pt weeds of any sale made to satisfy the indebt~l=
<br />Hess secured hereby: unless such proceeds are sui~tcient to discharge the entire indebtedness Arid
<br />all proper costs and expenses secured thereby.
<br />~. If the total of the payments made by the Mortgagor under {a) of paragraph 2 precedi22g shall
<br />exceed-the amount of payments actually made by the I4fortgagee, as trustee, for grouted rents, eases and
<br />as~a ::,mints ar ius=~*anex praaniuma, as the case 2nay l;e, such axcess shall bs er~diiacl by the
<br />on subsequent pay2nen~ to be made by the mortgagor for such items ar, at Mortgagee's opt%, as tru8`~e,
<br />sPta13 be refunded to Mortgagor. If, however, such n2onthty payments shall not be sntTicient to pay-such
<br />items when a sa>Yte shall becois2e due and payable, then the Mortgagor shall pay to the Mortgagee, as
<br />trustee, any amount necessary tc+ malee up the .•ieitciericy withhz thirty {30) days after written iroLice from.
<br />file Mortgagee r<t$*ing the a~itount of the deficiency, which notice may be given by mail. If ati any time
<br />t Moir shall tgndsr tea the >~ortgag~, in aecordanee with the-pr_oyi*sions of th~_nnte secured
<br />hereby, full payment of the entire indebtedness represented thereby, the Mortgagee: as trustee, shall:
<br />in cesn2puting the amount of such indebtedness, credit to the aet:ouiet of the Mortgagor anY credit balance-
<br />aceumulated under the provisions of {a) of paragraph 2 hereof: I£ there sha2lbe a default=tender-any-
<br />4f the provisions of this mortgage resulting in A pubtic sale of-the pre2rt~s covered hereby, or if` the -
<br />Martg acquires the property athe}ise after default, the Mortgagees as trustee,-shaft apply, at-the
<br />time of the Ca2fif€le23G€ir2ei2t of such pro€seedin~gs; ar at the tip-flee property is othervaise acquired, the
<br />z2nt .-remai€tia tg;erCdit ihe,'Mux~r under (u} of paragt'a~ ~ ps~eedxn8: as s eradito~,the
<br />ri*~•~t ap~-it~i as:d :snpaid and thh balaneo fir ttz Y~ incit.a'= then re;~ining uagaiti an said-Hate.
<br />A. T"he:Iien bf this instrument shall re*~in iu full force and er"£ect during any postponement or eaten-
<br />sioa of tl2€ elate o£"payment cif the-indebtedness or a~-ey part thereof securedhereby.
<br />. ?le ^-iil pas-all g2cound_rents, taxes, aa,~sstitents, ~•: a}~.~: rates, a~ atlier governmental or mini:-
<br />}+al-charfies, fines; or ia2pc~stions, levied upon said premises acid=that he tall pay all taxes Iev'sed upon this
<br />mgrtgaga, or the debt secured thereby; tkgPther w:th any other tares or ansessmsttts which may tie levied
<br />uiscler the laws of Pleiu•ask& againstthe Mortgagee, or the legal. holder of said principal note, on account of
<br />,this indebtedness, except when papirte2it for. all-such items has theretofore been made under {a) of para-
<br />graph 2 her€of, si2d he tic~ill promptly deii4er the otfieeal reeaipfs thsrefdr to the Mortgagee. In default
<br />thereof tha Miirt~agee 2nay pay the same,
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