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~~ fio Il~vs ~rrTr To 1loT•r: tkie same unto the 1tilortgagea, asrlc~ar,=Try pra;•sic9ed- tufor•tgagrczzr rr>pr~~sr,•z~,ts C,o, and covenants with, the Mortgagee, that the Mortgagor has good right to sell and con•.'ey said prerniscs; that they are free from encumbrance, except as hereinathersvise recited ;that the Mortgagor z.•ill warrant and defend the same against the lawful claims of all perrscns whomsoever. Mortgagorr,ereby re]inquishes all rights of homestead, all marital rights, either in law• or in equity, and ail other contingent interests of the Mortgagor ire and to the above-described premises. i}ROYID>;D AL'rvAYS, and these presents are executed ar,d deii-rered upon the fallowing conditions, to wit: Mortgagor agrees to gay tv the Mortgagee, or order, the aforesaid principal sum with interest from date at the .ate of Ten per centum (10 - ~-b } per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office o~ Mortgage Pius Incorporated in Englewood , Color ado , or at such other place as the holder of the note may designate in wr-itirg delivered or mailed to the tiiortgagor, in monthly installments of Tow Hundred Seventy Six 57 f 100t1})ollat•s ($276 • `~7 ),commencing on the first day of October , 19 7 9 ,and continuing on the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final payment of principal and interest shall be due and payable on the first day of September 2 009 ;all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor. The Mortgagor further agrees: 1. lie will pay the indebtedness, as hez•einbefore provided. Privilege is reserved to prep€;y at any time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or one hundred dollars ($].00.00), whichever is less. Prepaymen+, in full shall be creditedn on the date received. Partial prepayment, other than on an installment due date, need not be credited until the next followin; 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 ttTo +•n-.,... of the natty .,......,nd hn• aF,,. Ma,-t w,jil . +~ t^ Mo"t a live+° rand@r the ter,,,o cf this .gaga ,.g ag°° _ , 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 pclicies of fire and other hazard insurance covering 'the mortgaged property, plus tales az:d assessments next due on the mortgaged prepetty (all as estimated by the Mort- gagee, and of «~hich 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 rants, premiums, taxes and assessirzeztts will become delinquent, such sums to be held by Mortgagee in trust to pay said ground tents, premiums, taxes and special assessments. (b} The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the Hate secttt•ed hereby, shalt be paid in a single payment each month, to be applied to the follow- ingitems inthe order stated (T} ground rents, taxes, assessments, fire and other hazard insurance premiums; (rT) interest ott the rate secured hereby ;and {TTT).amortzzatlon of the principal of said note. Any deficiency in the amount of any such aggregate monthly payment shall, unless made good by the Mortgagor pri,,, .a the :,,e date of the next such payment, r•anstitute an e~°rrt of defz~ult under this martgag%. At itortgag:•e's option, ;t'Iortgagor will iiay' a "late citar•ge" not exceed- ing four p~ l• rerttum (•9 fir.) of any installment :yhen paid mare than fifteen (la) days after the duo data ieereof to cover ti=ze e3tt'a exp<nse invoi~°ecd in hardlingdeiinquent payments, but such "laic clcarve"' shah not bt payai>le out of the pcaeeeds of any Salo made to satisfy the indebtc d- ness secured hereby, unless such proceeds are sutlicient to discharge the entire indebtedness and all propet• costs and expenses soured thereby. 3. Ii the t-0tai of the pay~rnents made b,• the Mortgagor 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 insurance premiums, as the case may be, such excess shall be credited by the Mortgagee on subsequent payments to be made by the lyiortgagar far such items or, at Mortgagee's ogtian, as trustee, shall ltree refunded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such items when the name shall become due and nayable; then the 4ortgagor shall pay to th-' llortnage.~, 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 rieficiency, which notice may he given by mail. If at any time the Mortgagor shall tender to the Mortgagee, in :reccxYlancc with the provisions of the Hate c_ecured hereby, foil payment of the entire indebtedness reprosented 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 hernof. if there shall be a default under any of the provisions of this mortgage resulting in a public sale of the prAmisea covered hereby, or if the Mortgagee acquires the properly otherwise after default, the Mortgagee, 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 3ien of this instrument shall remain in full force and effect during any pcstporement or exten- sion o~._the time,gf payment of t°te 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 takes or assessments which may be levied undex the laws of ilebraska against the itiiortgagee, 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 Fvill promptly deliver the o~iciai receipts Therefor to the Mortgagee. In default thereof the Mortgagee may pay the same.