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<br />'I'll t~L~v[: a;~;n "Pu li[FL.,ii the same unU~ thrr blcu~;gagee, a, r•ri••~i; (~rovuied. .~4lortgagor repr~~se,r6s t+,,
<br />and r~~,eet2anCs with. the Drti~rtgagr~; that tktie iVfartgagor has good right t~~~ .,ch and convesy sa,ui ;rr~rmEzsera ~„
<br />that they are free from encumbrance, exeep, as hereinotheru-ise recited; Chat the Mortgagor wi11 warrant
<br />and defend the same against the lawful claims of all persons u homsnever. Mortgagor hereby rrtinquiahea
<br />all rights of t:omestead, all marital rights, either in law or in equity, and all other contingent interests of
<br />the Mortgagor in and to the above-described premiaee.
<br />PROVIDP~ ALWAYS, and these presents are executed and delivered upon the following condetiona, to
<br />wit:
<br />Mortgagor agrees to pay to t he Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of :Vine and one half per cerium (9.5'-b) per annum on the wipaid balance until paid.
<br />The said principal and interest shall ke pxyable at the office of MDrkgage Plus Inocn~ted
<br />in Fy[~glewgod, Coloracb , or at such other place as the holder cf the note may designate in
<br />writing delivered or mailed tc the MortgaR+~r, in monthly installments of 4~lhax~e~d Ninety and 15,/100t)ts
<br />Dollars (= 290.15 ), commencing on the Srst day of Alu'il , 1979 ,and wntinuing on
<br />the first 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 h4trc3t 2009 ;all
<br />according to the terms of a certain promissory note of even date herewith executed by the acid Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He will pay the indebtedness, as hereinbefore prc,vided. Privilege is reerrved to prepay at any
<br />titre, without premium or frr, the entire indrbtc~Jnesa or any part thereof not lean than the amount of one
<br />instalment, or one hundred dollar (1100.00), whichever i. letr. Prepayment in full shall be credited oa
<br />the date received. Partial prepayment, otlfea than set as itufallment due date, [used not be aedibd unit!
<br />tJse next tollowieg installment due date or thirty days at'ter such prepayment, whichr«er is aealisr.
<br />Y. Tasatl[sr with, and in addition to, the monthbr payments of principal and interest palabte [radar
<br />the terrace of tM note secured hereby, Yori;agor will pay to Mortgagee, as tntatee, (under the terms as this
<br />tram as hareinalter stated) on the fh-at day of eae8 month until said node is fatly paid:
<br />(a) A sum equal to the ground rents, it any, next due, pins the premiums that will nest 4aoa[aa doe
<br />and payable on policies of fire and other hazard insurance twverin= the asorlgapd paopsaR/,
<br />plus fazes and a.9sesamente next due on the mortgaged property (all as edimdrd by the Yaet-
<br />gagee, and of which the Mortgagor is [~.il)ed) leas all sums already paid there[or divided by
<br />the number of months to elapse before one month prior to the date whee arch !~ t,arrh[,
<br />premiums, taxes and aasesamenta will become delinquent, such soars Oo ba held b! ]~oatgagee
<br />in trust to pay said ground rents, premiums, taxes and special asaeaseneats.
<br />(b) The sgsregate of the amounts payable pursuant to subparagraph (a) and those payable on the
<br />note secun~l hereby, shall be paid in a single payment each month, to be applied to the lolbw-
<br />ins items in the order stated
<br />(t) ground rents, tazrs, aseeaaments, fire and other hazard ~~uturarx~e premiums;
<br />(tl) intrust on the note secured hereby; and
<br />([A) aawrtlsatioa at the principal of said note.
<br />Any deficiency in the amount of any such aggregate monthly payment sMll, unlssa [earls gsod
<br />by the !1~ortgagor prior to the due date of the next such payment, constitute as event of def[tYlt
<br />under this n~vetgagr. ai Murtgatt.~e', „pliun, btortgagvr will pay a "Lie charge" sot a7tMed-
<br />~.
<br />ins 1m3r ;.-- _cntum (3`~ } et say i:.sta3t,;:cttt u•;;s°tt vat.'. tt7ort than fitfwn (lu) eta atGu tbre
<br />dae ~Yt! [hereof to mvrr tJte rxira erp..nr! in~v,(ywri to hsn~li.~e~.li,_~~;t payaarts, ~.~
<br />"Isle charge" shall rot be payabh> out of the praccti~ds of any sale made to a~tisly the i;:;-
<br />neas secured hereby, unfree wch proceeds are sut)'ictrnt to discharge the entire iadebtadraas and
<br />all proper cor4 and ezpenser secured thereby.
<br />b. It the total of the paymenb made by the Mortgagor under ~s) of lmragraPh tt oeeoedius shall
<br />exaaed the amount of payments aetoatb made by the Mortgagee, as truster. tnr ground cacti, ta2ea atgd
<br />aaasasments as• insurance premlumr, ar the cast may be, such ezcew shall be credited bl' the ltlartpgtse
<br />on subsequent paymrnb tq be made by the ltortgaeor far each items nr, at Martga~ee's oytiss, r tr+uRre,
<br />shall be refunded Lo Mortsagor. It, however, such monthly payments shall trot be wf6ciant to pay sud+
<br />tEseos when the tan[e shall become due and payable, then the Mortgagor slut!! pay to the 1lortgajee, as
<br />trustee, any attaunt necessary to make up the deficiency within thirty (S0) days after written notier from
<br />the Mortgagee dating the amount of the deficiency, which notice nuty be given by mail. If at any time
<br />the 2[ort dtaU leader to the Mortgagee, in a~ronLnre with the ptnvtstons of the torte secured
<br />heady, full payment of the entire iadebtedness repreeeated thereby, the Mortgagee, a trustee, shalt,
<br />ti tea afrtoaat d awd[ iedabtadsaaas. Bradt to ti-a a~eeotrnt d the 1[oalppr ae1 errdlt bainsee
<br />aeawpdagd order the proviaints of (s) of parasrapA 8 Mt~.of. tf tilers shall hr s dahtrk Hadar say
<br />5t #~ pr5viaic>aa ~ this rsort~tgg rsriwwlting in a public eels of t~ prate c~verad t~gby, or if th~v
<br />leer attires the pl~eperty ot#:a wee afte# default. the lltor-~agrr, as trustee, shalt apptlr, at the
<br />tyre of the eoassent of such prooeadlrga, er st tM tune 1M proparb is otherwise acquired, tM
<br />asaa[tnt thsa retaafda~ txr credit the Mortgagoe' under (s) of paragraph 8 turosdittt„ as a credit on the
<br />trUreat aecewd and wspaid earl the balaeoe fie the getseipal tlrse rarrtieitlg nosed er add nobs.
<br />4. The Tian of this indrntnent shay remain is full !ores sad of-eet duritt! any poatponrment or ezten-
<br />alon of the tune of payment of Lhe ittdabtedrtess or any part thereof secured hereby.
<br />b. He will pay all around rent•., taxes, sseeasmdats, water rates, and other governmental or munici-
<br />pal charges, flnea, or impositions, levied o)pse add prseniw and that he will pay alt taxes lewd upon this
<br />mortgage, or the debt secured thereby, together with any other taxes or asaesamrnta which may be levied
<br />nt~r the laws of Nebraska against the Mort~ee, or the legal holder of acid principal note, on account of
<br />this indebtedness, except when payment for all such items has theretofore been made under (a} of para-
<br />graph 2 hereof, and he will promptly deliver the o#~,iai rc~ipCY tharrfor is the MortgaW-cs=. In def:alt
<br />thereof the l(lort~rtger may pay the same.
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