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Tor 13aw'~ a~ll~=¢D'fc~ Iai.wt,lly the s=Ar~7iEr.'uu~tita,o tat+r 1~wlcnr2~'fikF-~., ,~.ri is i~+,rilni l~r+,~, i.,ia,c,i,. ;l~tatirtg gor t•o~~,tpr¢~ i rtt..5 tca, and cotenants with, the 3tortgagce, That 'she itortgag=,r l;ra~ gin~~i rght to sc-ll and convey said premises; that t}tey- are free from encumbrance, except as }: =~-.i=.~~±tl=<_r ° i_~- r=.c-ited;?hat the 3ortgagor :rill wa*rant and defend the same against the lawful claims of ail lx-rsons x ham,soeter. 3tnrtgagor hereby relinquishes all rights of homestead, all marir~I rights, either in lain .~r in e~luits, and all otl-ter Conti,-=gent it=t._resis of the 3ortgagor in and to the shore-described premises. PRDYIDSD ALWAYS, and these presents are executed and delivered upon the following conditions, to wit itlortgagur agrees tv pay to the :Mortgagee, or order, the a.`:~msaid pr}.. nit sun, ?rith interest from date at the rate of Ter, per centum (10.0`, ~) per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of :'sortgage Plus Incorporated in Englewood, Colorado , or at such other place as the holder of the note may designate in writing delivered or mailed to the i4lortgagor, in monthly installments of Two Hundred Seventy r^ive and 59/100th1}ollars {$ 275.69 ), commencing on the first day of ,7u1~~ , 19 79, and continuing on the first day of each month thet•eafter until said note is fully paid, except that, if not scorner paid, the final payment of grincilral and interest shall be due and payable on the first day of ,lure 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. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, vvithaut premium or fce, the entire indebtedness ar any part thereof not less than the amount of one installment, or one hundred dollars ($100.00), whichever is Tess. Prepayment in fu'u shall be credited on the date received. Partial prepayment, other than on an installment due date, need not be credited until the next following 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 ±he terms of the note secured hereby, Mortgagor will pay to Mortgagee, as tntstee, (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 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, plus 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 rer_ts, premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes and special assessments. (b} The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the note secured hereby, shall be paid in a single payn;ent each month, to be applied to the follow- ingitems in the order stated (r) ground rents, taxes, assessments, fire and other hazard insurance premiums; (u) interest on the note secured hereby; and (iii) amortization of the principal of said note. Any deficiency in the amount of any such aggregate monthly- payment shall, unless made good by the illartgagor prior to the dote date of the next such payment, constitute an event of default under this mortgage. At bortgagee's option, linrtgagnr will pay a "late charge" not exceed- ing four per centum (~l~i) of any install meat when paid more than fifieen (I5) days after the due date: t}rereot to cover the extra expense involved in handlir_g delinquent payments, but such "late charge" sha}I not be payable out o€ the proceeds of any sale made to satisfy the indebted- ness secured hereby, unless such proceeds are su[cient to discharge the entire indebtedness and all proper costs and expenses secured thereby. 3. If the total of the payments made by the Mortgagot• under (a) of paragraph 2 preceding shall exceed the amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and assessments or irrgurance 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 refanded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such 'stems when the same shall become due and payable, then the Mortgagor shall pay to the Mortgagee, as trustee, ary 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 any time the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured hereby, full 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 the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the Mortgagee acquires the property otherwise after default, the btortgagee, as trustee, shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the amount then remaining to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the interest accrued and unpaid and the balance to the principal then remaining unpaid on said note. 4. The lien of this instrument shall remain in full force and effect during any postponement or exten- sion of the time of payment of the indebtedness or any part thereof secured hereby. 5. He will pay-all ground rents, taxes, assessments, water rates, and other governmental or munici- pal charges, fines, or impositions, levied upon said premises and that he will pay all taxes levied upon this mortgage, or the debt secured thereby, together with any other taxes or assessments which may be levied under the laws of Nebraska against the Mortgagee, or the legal holder of said principal note, o:r account of this indebtedness, except when paymen. for al} such items has theretofore been made under (a) of para- graph 2 hereof, and he will promptly deliver the official receipts therefor tv the Mortgagee. In default thereof the Mortgagee may pay the same.