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To ilAr'E a*rn To Ifioz.D the same unto the i4iortgages, as herein provided. Mortgagor represents ta, and covenants with, the biartgagee, that the ltiaz•tgagor has goad right to sell and convey said premises; that they are free from encumbzance, except as hereinothersrise recitzd ;that the Mortgagor will warrant and defend the same against the lawfut clairris of all persons .c~homsoever. Mortgagor hereby relinquishes all rig,its of hainestead, ail marital rights, either in lain ar in equity, and ati atlzer eantingerzt interests of the ~1ox°tgagor intend to the above-deseriiieu pz•einzses. FStOVingn nz.~~~~s, and these prCs~zts are e~n~ u..ed anaz delivered ups~n the following conditior~; t4 wit: Mortgagor agrees to pay to the Mortgagee, ar order, rile aforesaid principal sum with interest from dots at fire rate of Nixre anal cxz;= Izal#` Her centum { 9, S is } per annum an the unpaid balance until paid. The said principal and interest shall he payable at the office of 2~zrtrage Plus Incorporated in ~~g2Ew*ocx3, Colorado , or at such oilier place as the holder of the Hate may designate in writing delivered or mailed to the biortgagar, in montlriv installments of Two-huzx3x~3 Forty°-Seven and 25/1t I~allars {b247.25 ), comn-aencing an the first day of February 1979 , and continuing on the-first day of each month thereafter until said Hate is fully paid, except drat, if not sooner paid: the final payment of principal and 'interest shall lie due and payable on the first day of Jarzuaxy 2009 ;ail 1 ar ..i according to the terms of a certain promissory Hate of even date herewith executed by the saiu ~.~a~,.gagor. The Mortgagor further agrees: 1. Ile 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 in 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 instalment due date or thirty days a{+xr 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 {tt) A sum equal io the ground rents, if env, next -due, plus the premiums that will next become due and payable on 1noiicies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged property {all as estimated by the Morfr gagee, and of which the bfortgagar is notified) less all sums already paid therefor divided by the number of months La elapse before one month prior to the date when such ground rents, prezrziums, tales and assessments will become delingae~t, such stme to be held by }Ylvrf:~.rq~ in trust t~- pas- said ground rezzts, premiums, taxe.~ and special assessznenta {b) The aggregate of the amounts payable pursuant to subparagraph {cr} and-these payable an #3ze nat~ secured hereby, shall I>e paid in a single payment each month, to be appliew to=iho ft3P~„'- ingitems ir.the order stated : {z) ground rents, tars, assessments, fire and other bazar°d insurance premiums; {zz) interest on the note secured hereby ;and {zzz} amortization of the principal of said Hate. Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by the llortgagar• prior to the due date of ttie next such pavment, constitute an event of default under this mortgage. At Mortgagee's option, Mortgagor will pay a "late charge" oat exceed- ing four per eentum {d,~~ } os any install meet when pard more than fifteen { 15} days after the due date thereof to cover the extra expense involved in handling delinquent payments, but such "late charge" shalt not be payable out of the proceeds of any sale made to satisfy the inde.'oted- ness secured 'Hereby, unless such proceeds are sut"zeient to discharge the entire indabte ~n arrd all proper casts and expenses secured thereby 3. If the fatal of the payments made by the Mortgagor ender {u) of paragraph ? preceding gait exceed the amount of payments actually made 13y the ?Mortgagee, as trustee, for ground rents. farces and acaa+aictnents ar insurance premiums, as the case may be, such excess shall be credited by the Mortgagee on aubsegizert payments to he made by the 3iartgagor far such items or; at Mortgagee°s option, as trustee, shall be refunded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such items wizen-the same shall mare due and payable, then the Mortgagor shall pay to the Mortgagee, as trustee, any amount necessary tc~ make up the deficiency within thirty {30} days after written notice from the Mortgagee stating the amount of the defzcis:ncy, which native may be given by mail. If at any time the ?Mortgagor shall tender tv the Mortgagee, in accordance with the provisions of the Hate secured Yrereby; full pag'm8nt of the entire indebte€Ine~ r'epresent.'d thereby, the bSartgagse, as trzrat~e, " 1, in computing the amount of such indebtedness, credit to the account of the b~ortgagor any credit balance accumulated under the provisions of {rc} of paragraph 2 hereof. If there shall be a default under any of the provisions of this mortgage resulting in a public sale of the premises covered hereby, ar if rile ;4iortgiigee acquires the property otherwise after default, the Mortgagee, as trustee, shall apply, at the time of ~'zo aaz}~en~,,.ent of Such praaw~~li?zgs; ar at th.~ timme the pranerty is otherwise acquared, tiro amotriit then remaining to credit the Mortgagor tinder {a} of paragraph 2 preceding, as a credit on the irztereat, accrued and unpaid and the balance to the principal then remaining unpaid- on said ztote. 4. Thu-lien of this instrument shall remain in full force and effect during any postponement or eaten- sign of Uie dine of payxzrent of the indebtedness or any part thereof secured hereby. 5, - ,trill pay. l`ground ren_ts> taxes, asse8smeirts, water rags, acid -other governmental or muniei- pal charges, fines, ar ixnpasitiarzs, levied upozz s,'zia pier„ lees and-that he will pay all taxes levied upon this isiortgiaSe„or the-deist secured thereby, together scith any other ta.~ces or'assessments which maY be levied znder'the ltcwa o~ lslebraska against-the 3Mortgage~, or the ]seal holder of said principal note, on account of this indebtedness, except when payment for ail such%tems has theretofore been made under {¢} of para- graph 2 hereof, and lie will promptly deliver the ofircial receipts therefor to the 114ortgagee. In default thereof the Mortgagee may pay the name.