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~--- ~ ~~~~~ 7G"~a i%xve' wlrtr'Tlo lit~x the mazne unt€r tkae ;h!'ar;gagee, as lierr:in. farar,°id~il. Mortgagor represenl~a tx~~, sad covenants wsth, the Mortgagee, that the 34ortgaglr has good riglsi to sell and convep said pterrtises; that they are free from encumbrance, except as herein ~therwiae rcrited ;that the 1•iortgagor will warrant and defend the same against the lawful claims of all persons whomsoever. >+iortgagor hereby relinquiahea all rights of homestead, all marital rights, either in law or is equity, and all other contingent iatsreats of the Mortgagor in and to the above-described premises. PHt~vIDaa ALWAxs, and these presents are ezecuted and delivered upon the following conditions, to wit: Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date at tlxe rate of nine & me-half per centum (9.5{F/o} per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of id:st~e plus Isx~pr~iated in Fisgl~aood, tblorado , or at such other p"uux as the holder of the note may designate in writing de&vered or mailed to the Mortgagor, in monthly installments of die Atasdred Eic~tty ~ g2~i00ths U011IIE3 (; i$v. °02 ), l:i/f11n1en~lnK Un t[le ItI'3t u5y of icy is i9 sand vents.^.::wg ~^ the fu~at say of each month thereafter until said note is fully paid, except that, if not sooner paid, the final payment of principal and interest shall be due and payable on the first day of April , 2009 ;all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor. The Mortgagor further agrees 1. Fie will paq 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, ar 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 nea# following installment due date or thirty daps after such prepayment, whichever is earlier. 2 Together with, and in addition to, the monthly payments of principal sad interest payable under the terms of the note secured hereby, Mortgagor will gay to Mortgagee, as trustee, (under the terms of this trust as hereinafter stated) on the first daq of each month until said note is fully paid (a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, glue taxes and assessments next due on the mortgaged property (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 month prior to the date when such ground rents, premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee is trust to pay said ground rents, premiums, taxes and special assessments. (b) The aggregate of the amounts payable pursuant to subparagraph (c) and those payable on the cote secured hereby, shall be paid in a single payment each month, to be applied to the follow- ing items inthe order stated (i) ground rents, taxes, assessments, fire and other hazard insurance premiums; (II) interest on the note secured hereby; and (ut) amortization of the principal of said note. Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by the Mortgagor prior to the due date of the next such payment, constitute an event of default under this mortgage. At Mortgagee's option, Mortgagor will pay a `late lag four per centum (4%a) of any instaIImeat when charge» sot exeeed- paidmerethan fifteen (i5) days after the dtu! date thereof to cover the extra expense involved in handling delinquent payments, but such 'late charge" shall not be payable out of the proceeds of any sa]e made to satisfy the iadebted- neassecured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and all proper coats and expenses secured thereby. 8. If the total of the payments made bq the Mortgagor under (a) of paragraph ~ preceding shall eaceed the amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and asseaamenta or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee on subsequent payments to be made by the Mortgagor for 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 when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee, as trustee, any amount necessary to 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. If at say time the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured hereby, fnU payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall, in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance accumulated under the provisions of. (a) of paragraph 2 hereof. If there shall be a default under any of f~ proviaiaas of this mortgage reanltiag in a public sale of the premises covered hereby, or if the Mortgagee acquires the property otherwise after default= tlse Mortgagee, as trustee, aha31 apply, at the time of the t ~ such proceedings, or at the time the property is otherwise acquired, the amamt ~n ;reaoasining to credit the Mortgagor under (a) of paragraph 2 Preceding, sa a credit on the interest a sudsuapaid and the balance to the principal then remaiaiag unpaid on said note. 1. The"ilea ad this 3nstrmaeut shall remain in full faros and effect during any pcetpoaement ar exten- ~sion~EK a# the indebtedness or say part thereof secured hereby. 6. Me~pay~ a~gronmi rests, taxes, asaesenneats, water rates, and other governmental or munici- pal . fhsce. or impositiensa, ivied npoa said premises and that he wiU pay all taxes levied upon this . os the debt secured thereby, Nether with any other taxes or assessments which maq be levied under tiles hrva n# Nebraska agaia~tthe Mortgagee, oP the legal holder of said princi~l note. on account of Ellis . ezeep# whoa pay.t for all such stems has theretofore been made under (a) of para- gsaph 2 herso~ sad he will promptly deliver the oiRciai receipts therefor to the Mortgagee. Ia default ° t'nerenf the Mortgagee may pas fire same. ~,.