78008462 - Laserfiche WebLink

Browse

1 A fs( T'o Il,avF; nrtLa To IIaLn the same unto the 14fortgagee, as heroin provided. Mortgagor represents to, and eovenanis x•ith, ti}e Martgager„ that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance, except as hereinathez•wise rec;itoci; that the i4lartgagor will ~~.~arrant and defend the same against the lawful claims of all persons whamsaeve?•. A3artgagoz• hereby relinquishes all rights of homestead; all marital riglxts, either in lase or in equity, and all other eoutingent izzterest~ of the 14lorts!agcsr in and to the shave-described premises. Pttovi>,En ArtvnYS; and these presents-are executed and delivered upon the following conditions, to wit: ~Slortgagor agrees to pay to the Mortgages, or order, the aforesaid principal sum ~s•ith interest from date at the rate of Hire anti tine half per centun7 (9, 55n) pez' amzum an the unpaid balance until paid. The said principal and interest shall be payable at the otfzc¢ of Nbrtgage Pius Incorporat2.t1 in I~zgl Colorado , or at such other place as the holder of the note may designate in writing delivered or mailed to the llox•tgagor, in monthly installments of Two-hundred ~l~y-g'ouY and g2J].0(}tl Dollars ($ Zt4.92 ), commencing on the first day of Felamzazy , 1379 , and continuing an the first day of each month ttat zeafter until said Hate is fully paid, except that, if not sooner paid, the final payment of principal and interest shall be due and payable ar, the: first day of January 2003 ; alE a,^.earding *w the xxrms of a cer+ain promissory na±~ of even date hez•etvith executed by the said Mortgagor. The Mortgagor further agrees 1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium vz• fee, the entire indebtedness or any part thereof not less than the amount of one installment, or one hzmdred dollars 0100.00), whichever is less. Prepayment in full shall be credited- on the date received. Pa'tial prepayment, other than on an installment due date, need not be credited-until the next follotiving installment due date or thirty days after 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 {a} A sum equal to the gx•ound rents, if any, next due, plus the premiums that will next become due and payable an policies of lire and other hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mez•tgaged prapez•ty (all as estimated by the Mort- gagee, and of which the Mortgagor is notified) less all sums already paid therefor divided by the number of months to elapse before one mirth prior to the date when such ground rents, premiums, taxes and assessments silt become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, prsmiumc, taxes and special assessments. (b} The aggregv:: of the amounts payable pursuant to subparagraph (a} and those payable on the nets weured lxereby, shall be paid in a single payment each month, to be applied to uke fallow- ingitems inthe order stated (1) ground rents, taxes, assessments, fire and other hazard insurance premiums; (tt} interest on the note secured hereby;and (rxi} amortization of the principal of said note, Any deficiency, in the amount of env such aggregate monthly gaynzent shall, unless made good by the liartgagor prior to the due data of the next such payment, constitute an event of def&ult under this mortgage, At Mortgagee's option, Mortgagor will pay a "late charge" not exceed- ing four Her certain (•i r~) of any installment .vhen paid more than fifteen (15) days after the dun date then•eaf to cover tl.a extra r-xp~•nse involved in handlingdeiinquent payments, but such "late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebted- ness secured herelzy, unless such proceeds are sufficient to discharge the entire indebtednessand all proper costs and expenses secured thereby. 3. If the total of the payments made by the Mortgagor under (a} of paragraph 2 preceding alzall exceed the amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and assessments or insux~xnce premiums, as the case may be, such excess shall be credited by the Mortgagee on subsequent pa~°xnents to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee, shall be refunded to 1loz•tgagar. If, however, sash monthly payments shall not be sufficient to pay such items when the same shall became due and payable, then the Mortgagor shall pav to the Mortgagee, as trustee, axx_v amount necessary tL make up the deficiency within thirty (30) days after written notice from the Mortgagee stating the amount of the deficiency, which notice may be given by mail I€ at any time the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the no#e secured hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall, in compzating the amount of such indebtedness, credit to the account of the Mortgagor any credit balance accumulated under the provisions of (d} of paragraph g hereof. If there shall be a default under any ref the proviaians of this mortgage resulting in a public sale of the premises covered hereby, or if the Max~tgrgee acquires the property otherwise after default, the Mortgagee, as trustee, shalt apply, at the time of the commencement of such proceedings, or at the-time the property is otherwise acquired, the atnonnt then remaining to credal the Mortgagor under (ta) of paragraph 2 preceding, as a credit on the interest accrued and unpaid-and the balance to the principal then remaining unpaid oa said note. d. •a~he -lien of this instrument shall remain in full force and effect during any postponement or exten- sion. of the tone iz~:pa~~nesxt of the indebtedness or azty part thereof secured hereby. • 5. die will pay all ground rents, taxes, assessments, water rates, and other governmental or muniei- paI_chaxges; -fines, ar impositions, levied pan said prexxaises-and that he will pay all taxes levied upon this mprtg&ge, or.the debt secured thereby, t~sgether i~s}th Eny other t):aces or assessments which may be levied antler the laws.of Rebraska against the Mortgagee, ar the legal holder of said principal note, on account of this indebtedness, except when payment far all -such items has theretofore been made under (u) of para- graph 2 hereof, and he will promptly deliver the official receipts therefor tcz the Mortgagee. In default thereof the Mortgagee may pay the same.