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<br />79, u1145U2
<br />To HwvE AND To HOLD the same unto the Mortgagee. as herein provided. Mortgagor represents to,
<br />and covenants with, the Dortgagee, that the I•Iartgagor has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinotherteise recited; that the Mortgagor wilt warrant
<br />and defend the same against the lawftil claims of all persons ~rhomsoever. Mortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, either in taw or in equity, and ail other contingent interests of
<br />the Mortgagor in and to the above-described premises.
<br />PROVIDED ALLVAYS, and these presents are executed and delivered upon the fo]lowing conditions, to
<br />wit
<br />il7ortgagor agrees to pay to the 3ortgagee, or order, the aforesaid principal sum kith interest from dake
<br />at the rate of Ten per centum (10.60 Per annum on the unpaid balance anti] paid.
<br />The said principal and interest shall be payable at the office of Mortgage Plus Incorporated
<br />in Englewood, Colorado , or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the Jlortg'agor, in monthly installments of Tnree Hundred Thirty one
<br />and 88/lOggbgrs {$ 331.88 ),commencing on the first da}- of September , 1579 ,and continuing on
<br />the first day of each month thereafter until said dote 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 ?lugust, 2009 ;all
<br />according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one
<br />installment, or one hundred dollars (104.00), whichever is less. Prepayment in full shell be credited on
<br />the date received. Partial prepayment, other than on an installment due date, need not be credited until
<br />the next foIlowing installment due date or thirty days after such prepayment, whichever is earlier.
<br />2. Together with, and in addition to, the monthly payments of principal and interest payable under
<br />the terms of the note secured hereby, Mortgagor will pay to lYtortgagee, as tntstee, (under the terms of this
<br />trust as hereinafter stated) on the first day of each month until said note is fully paid:
<br />{a) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due
<br />and payable nn policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due on the mortgaged property {all as estimated by the Mort-
<br />gage, and of which the Mortgagor is notified) less ail sums already paid therefor divided by
<br />the number of months to elapse before one month prior to the date when such ground rents,
<br />premiums, taxes and a_~essments will become delinquent, such sums to be held by Mortgagee
<br />in trust to pay said ground rents, premiums, faxes at;d special assessments.
<br />(b} The aggregate of the an;ounts pa}-able pursuant to subparagraph {al and those payable on the
<br />note secured beret}-, shall be paid in a single payment each month, ±o be applied to the follow-
<br />ingitems lathe order stated
<br />(i) g!•ound rents, taxes, assssments, fire and other hazard insurance prrirtiums;
<br />{ii) into-test on the note secured hereto ;and
<br />(till amortization of the principal of said note.
<br />Any defrc;~nc} ir; th; amount of any such aggregate monthly payment shall, unless made good
<br />by Lhe \lortgagor ^rior to the due date of the next such payment, constitute an event of de#sult
<br />under ;his nsartgage. At :liortgagee's option, \iortgagor will pay a "late charge" not exceed-
<br />ing four pc•r ~enttun {1 ~) of any installment when paid more than fifteen (15) days after the
<br />due date :her-of Lo raver the extra expense inveh ed in handling delinouent payments, but such
<br />"late chasgc" shall not 1~e payable cut of the proceeds of any sale made to satisfy the indebted-
<br />ness serur~i hereby, unlr'ss such proceeds are sutFcient to discharge the entire indebtedness and
<br />all proper casts and expenses secured iherebc.
<br />3. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br />ezoeed the amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and
<br />as..~>•+<nts or insurance premiums, ss the case may be, such excess sha!! bz credited by the Mortgagee
<br />on atibaegtteat payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br />shall be refunded to Mortgagor. If, however, such monthly pa}-meats shall not be suiTscient to pay such
<br />items khan the same shall isaome due and payable, then the 9iorigager shall pay to the Mortgagee, as
<br />trustee, any amount necessar_,• to make up the deficiency within thirty (3tl) days aftc r written notice from
<br />the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br />r}te Mortgagor shall tender to the 3lortgagee, in accordance with the provisions of the note secured
<br />hereby, fuIl payment cf the entire indebtedness represented thereby, the Tatortgagee, as trustee, shall,
<br />in cosssptiting the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br />atxnmuiated tinder the provisions of (a) of paragraph 2 hereof. If there ahail be a default under any
<br />of the provisions of this mortgage r~tuting in a public sale of the premises covered hereby, or if the
<br />Mortgagee acquires the property otherwise after default, the 9ortgagee, as trustee, shall apply, at the
<br />time of the r^~^m°nCernent of such ptooeedings, or at the time the property is otherwise acquired, the
<br />amonnt then remaining to credit the Mortgagor under {a) of paragraph 2 preceding, as a credit on the
<br />interest accreted and unpaid and the balance to the principal then retnainittg unpaid on said note.
<br />4. The lien of this instrument shall remain in full force and effect during any postponement or exten-
<br />sion of the time of payment of the indebtedness or any part thereof secured hereby.
<br />5. He ~ pay all ground rents, tastes, assessment`, water rates, and other governmental or munici-
<br />pal eharg~, fines, or impositions, levied upon said premises and that he will pay all taxes levied upon this
<br />mortgage, or the debt secured thereby, together with any other taxes or assessments which may be levied
<br />underthe laws of Nebraska against the A3ottgagee, or the legal holder of said principal note, on account of
<br />#ltis indebtedn~a, except when payment for all such items has theretofore been made wtder (a) of para-
<br />graph 2 het•anf, and he will promptly deliver the official receipts therefor to the Mortgagee. In default
<br />thereof the Mortgagee may pay the same.
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