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<br />79-' vti45U4
<br />To HnvE aNn To Horn the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinothern ise recited ;that the Mortgagor will warrant
<br />and defend the same against the la:cful claims of all persons whomsoever. lortgagor hereby relinquishes
<br />al] rights of homestead, all marital rights, either in law or in equity, and all other contingent interests of
<br />the Mortgagor in and to the above-described premises.
<br />PxovroEn Auvwrs, and these presents are executed and delivered upon the following conditions, to
<br />wit :
<br />Mortgagor agrees to pay to the Mortgagee, ar order, the afwrsaid principal sum with interest from date
<br />at the rate of Ten per centnm (L 0 . D i) per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of Mortgage P 1 us Incorporated
<br />in Englewoo3 , Colorado , or at such other place as the holder of the note may designate in
<br />writing delivered or mailri to the \Im•tgagvr, in monthly installments of Five Hundred Twenty Six and
<br />S 0/100 Dollars ($ 525.80 ), commencing on the first dac of September , 197 g ,and continuing nn
<br />the first day of each month thereafter entil said note- is fulls paid. except that, if not sooner paid, the final
<br />payment of principal and interest shall be due and lhtvable on the first dap of August 2004 ;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 priwided. Privilege is reserved to prepay at any
<br />time, without premium or iee• the entire indebtedness ca• anc- part thereof not less titan the amount of one
<br />installment, or one hundred dollars {$100.001, whichever is less. Prepayment in full shall be credited on
<br />the date received. Partial prepayment other than on an installment due date, need not be credited until
<br />uK nen~ golly: u,g;r~stallu,ent due du ~.r thiij days aiier such prepayment, whichever is eaziiez.
<br />'?. Together with, and in additin:t to, the monthly payments of principal and interest payable under
<br />the terms of the note secured hereby, ?\iortgagcr :+ ill pay to Jiortgagc4, as trustee, (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 arty-, next titre, plus the. premiums that will nest becxtme due
<br />and payable vn policies of fire and orbs=!- hazard insurance covering the mortgaged property,
<br />plus tales attd assessments next dzte un the rortgaged property (all as estimated by the 3iort-
<br />gagee, and of which the 3ortgagor is noti^c•dl less all sums ahead;- paid therefor divided by
<br />the number of mon£hs A~ elapse tk•iure one month prior to the Mate when such ground rents,
<br />premiurs, lases and c:... uments kill i~_~ome delinquent, such sums to be held by Mortgagee
<br />in trust to pa} said grc;~n,? rents, peen;:urts,talesandspecialassessments.
<br />(b1 The aggregate of tl;e amounts pad able pursuant to subparagraph ;a) and those payable on the
<br />note secured hereby-. shall tk paid iu a single payment eac}! miutth, to be applied to the fe}low-
<br />ing items in the order stated
<br />tt) ground rents, fuses, asseasmenis, fire and other hazard insurance premiums;
<br />t u 1 interest cn t};e rote : °curc-d hers bi ;and
<br />1117) morti73tion of ?h~~ principal of said hate.
<br />Anv drtiri. nc} in the amour*. c f alt}- such atgregate montith- payment sl:al'a, :nless made gcwd
<br />by the \lortg-agog rrior *.~~ t.-e due date ~~f the nest sack pa, meet, constitute an event of default
<br />under this mor?gage. ? z M~z*-tgag~ s :~piion, llarzgagor will pa}• a "?ate charge" sot exceed-
<br />ing four per crntum { i''r of 8n1• instal] rtent when paid more than fifteen j 15) days after the
<br />due date t„ere- f ` Doer the ~ s?r=a ex}x nse in, ~ii`c.~ in handling delinquent payments, but such
<br />"late charge" shall not be pa}-able- cent of the prix~>cls of anc sale made to satisfy the indebted-
<br />ness secured hereby, unless suctt pr;r t~-~?; ar~~:;tt5ci<•r;t to disc harg> the entire indebtedness and
<br />all proper cc,sts and eslxnses sc-fun-d th~n~h~.
<br />3. If the total of the payments made by the !Mortgagor under ta) of paragraph 2 preceding shall
<br />exceed the am,~wnt of payments actuslh~ made by the '+iortg•agce, as trusts-e, far ground rents, taxes and
<br />a~cc,,,erts yr insuea€tre premiums, a_e the ra.e mxr br, such eschwS shall be credited by the Mortgagee
<br />oa subsegtEettt payments to be made by the Mortgagor for such items ar, at Mortgagee's op4~on, as trustee,
<br />shall be reStmded to 3forigagx~r. If, hoc: es•er, such monthly payments shall not x suf3tcient to pap such
<br />floss when fire same shall lsecti.~tze due and payable. then t;re ~lor'~rtgor shall pay to the Iliortgagcr•, as
<br />trustee, an amount. necessary to male up the deficiercy ~+ithin ihirir 1uDj days after written notice from
<br />the Mortgagee stating the amount of the deficiency, which ncdice may' be given by mail. if at any time
<br />the Mortgagor shall tender to the ?Sor'.gagee, in acs:+rdancr •:: ith the pro: isions of the note securcYl
<br />hereby, ftill paymen# of the entim indebtedness reprr~n*.ed thereby, the Mortgagee, as trustee. shall,
<br />in etm}ruting the amount of such indebtedness, credit to the aeraunt of the Mnrtgagnr any credit balance
<br />s~um3la±ed under the pmt?:sions of {a} of paragraph '2 hereni. li there liras] be a default under any
<br />of i~+e g*ovisions of This mortgage resulting in a public sale cf the premises trovered hereby, or if the
<br />Mortgagee acgnirea the property ottterct-ise after default, the Mortgagee, as trustee, shall apply, at the
<br />tine v: tx~ cra5tneneement of snob prc!c~;edings, or at Ilse time fire property is otitenvise acquired, the
<br />amount then remaining to credit the Mortgagor ender (ai of paragraph 2 preceding, as a credit on the
<br />interest scorned and unpaid and the balance to the principal then rnmaining unpaid on said note.
<br />4. The Lien of this instrument shall remaitt in full force and e!iect during any postponement or exten-
<br />sion of the time hf payment of the indebtedness or any part thereof secured hereby.
<br />5. He will pay all ground rent.:, taxes, assessments, water rates; and otter governmental or munici-
<br />pal charg:~, fines, or impositions, lP:-fed upon said premises and that he will pap all taxes levied upon this
<br />mortgage, or the debt secured thereby, together with any other taxes or assessments u-hich may be levied
<br />under thelawaof \ebraskaagainsttheMortgagee,ar the legal holder of said principal note, on account of
<br />this indebtedness, except when payment for aH such items has theretofore been made under (a) of para-
<br />graph 2 hereof, and he will prramptly deliver the official receipts therefor to the Mortgagee. In default
<br />thereof the Mortgagee may pay the same.
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