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To HgvE qxD T~ HOLD the same unto the Mortgagee, as herein provided. Mortgagor represents to, ~ and covenants with, the Mortgagee, that the Mortgagor has good right tc sell and convey said premises; C? that they are free fi•om encumnrance, except as hereinother+vise recited ;that the ;`trtgagor +aill warrant I~ and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes M•t all rights of homestead, all marital rights, either in law or in equity, and all other contingent interests of the Mortgagor in and to the above-described premises. PRGVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to 1 wit: Aortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from data at the rate of Ten per centum (10 • o-,o) per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of Mortgage Plus Incorporated in Englewood , Colorado , or at such otltet• place as the holder of the note may designate in writing delivered or mailed to the 14lortgagor, in monthly installments of Five Hundred Ninety Six &60 j 100thsDollars ($ 596.60 ),commencing on the first day of August , 19 ' 9, and continuing on the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final payment of pr}nc}pal and interest shall be due and payable on the first day of July 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 hereinbeforc provided. Privilege is reserved to prepay at any time, without premium m• 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 fotdowing installment due da* or thirty days after such prepayment, whichever is e~r}ier. 2. Together +with, and in addition to, the monthly payments of principal and interest payable under the terms of the note secured hereby, Mortgagor +vill pay to Mortgagee, as tt-ustee, {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 +v}li 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 pa}d therefor divided by the number of months to elapse before mte month prim• to the date x-hen such ground rents, premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, tales and special assessments. {b} The aggregate cf the amounts payable pursuant to subparagraph (a) and those payable on the note secured hereby, shall be paid in a single payment each month, to be applied to the follow- ing items in the order stated (i) ground rents, taxes, assessments, fire and ether hazard insurance premiums; {II) interest on the note secured hereby ;and (rtlt amortization of the principal of said note. Any deftcic•nc}- in the amount of any such aggregate monthly payment shall, unless made good by the Jortgagor p: for to the due date of the next such pa}-ment, constitute an event of default under this mortgage. At Dortgagee's option, Mortgagor will pay a "late charge" not exceed- ing four per centum (-1!'c j of ary insta}I meet when pa}d more than fifteen (15} days after the due date thereof to cover the extra expense incohed in handling delinquent payments, but such "late charge" shad not be payable out of the proceeds of any sale made to satisfy the indebted- ness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and all proper costs and expenses secured thereby. 8. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shalt exceed the amount of payments actually made by the Mortgagee, as trustee, for ground rants, taxes and assessments 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 shalt 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 necessan• 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 piece by mail. If at any time the Mortgagor shall tender to the Mortgagee, in accardanca with the provisions of the note secured hereby, full payment of the entire iTiu'cbtcd peso rep-rs°^.!~? tlterehy, the 31nrtgagae, aq trustee, shall. in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance accumulated under the provisions of (¢) 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 Dortgagee, 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 payatent of the }ndebtedness or any part thereof secured hereby. 5. He will pay all grCUad,rents, taxes, assessments, water rates, and other Rovernmental 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 +vhich may be levied ~•r_>aer the taws of Nebraska against the Mortgagee, or the legal holder of said principal note, on account of this indebtedness, except when payment for all such items has theretofore been made under (a) of para- graph 2 hereof, and he wi}l promptly deliver the official receipts therefor to the 71lortgagee. In default thereof the Mortgagee may pay the same.