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79- ~~1~2~9 T.o :H~,vg ntvn To HOLll the same unto the Mortgagee, as hereon provided. Mortgagor reprersents to, and covenants with, the 14lortgagee, that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance, except as hereinotherwise recited ;that the Mortgagor wilt warrant and defend the same against the lawful claims of all persons whamsoe~•er. Bortgagor hereby relinquishes all rights of homestead, all marital rights, e}then in law or in equity, and all other contingent interests of the Mortgagor in and to the above-described premises. PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit: `r Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date ~- ' at the rate of Ten per contain (10. Qo) per annum on the unpaid balance until paid. E" The said principal and interest shall be paya}>le at the office of Mortgage Plus Incorporated F in Englewood, Colorado , or at such other place as the holder of the note may designate in - writing delivered or mailed to the Mortgagor, in monthly installments of Two Hundred Eighty Three and - X16/100tIDottars ($ 28 3.16 ), comnteneing an the first day of October ,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 principal and interest shall be due and payable on the first day of September 2004 ;all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor. The Mortgagor furiiier agrees: 1. He will pay the indcbte<Iness, as hereinbefore provided. Privilege is reserved io prepay 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 ($100.00), whichever is less. Prepayment in full shall be credited on the date received. Partial prepayment, other than on an installment due data, need not be credited until the next fo'aowing 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 the terms of the note secured hereby, bfortgagor will pay to Mortgagee, as trustee, (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 (alt as estimated by the Mort- gagee, and of which the Mortgagor is notified) less all sutras already paid therefor divided by the number of months to elapse bei'ore one mouth peior to the date when such ground rents, premiums, taxes and assessments wilt become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes and special assessments. (L) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable an the note secured hereby, shall be paid in a single payment each month, to be applied to the follow- ingitems }n the order stated (t) ground rents, taxes, assessments, fire and othet• hazard insurance promiuma; (tt) interest utt the note strured hereby ;rend (it;) t~tnortix~titn cif the prin,rilkzi of Maid notv~. Any deficiency in the amount of any sue}t aggregate monthly payment shalt, unless made good tl:e ~lc;rtrzror 1st..,= tit t}tr e':'. e}atz• of the n~~: t stirh 3aymcrit, t•onsti zfe 1 •tt an event ~rf default under ibis mvrt~ge. At :tlot tgagoe's option, ~lnrtgagor will pay a "late charge' not exceed- ing fang ,ter c°i~ntrm (~1`~-) ar any iri~taii meat when peas ntora than rfteen (I>) days after the du~'_ dt3ti +~,°t~of to covE~r t%e extra efilr~rtse irrvo}veci in handling deiingtrent payments, but such "late ehargr~' snail not Ue payable out of the pt ~~ceeds of Roy stile made Io satisfy the indebt, d- ness secured hereby, unless such p~'occeds are sutlic}errt to discharge the entire indebtedness and all proper costs and expenses sectn•ed thereby. 3. if the total of the payments made by the Mortgagor under (a) of paragraph '.'. preceding shall exceed the amount of payments actually made by the Mortgagee, ats trustee, for ground rents, taxes and assessments or insurance premiums, as the case may tx; such excess shall be et•edited by the Mortgagee on subsegttetit payments to be made by the iciortgagot far such its ms or, at Mortgagt~'s option, ns trustee, shall be refunded to i4iartgagar. If, however, such monthly payments s{utll not be sttfficieut to pay such items when the same shall become due and payable, then the Mortgagor shall pay to tht• 4.ortgagec, as trustee, any amount necessary to make up the deficiency within thirty (30) days after written notice from the Mottgage€ stating the amount of the deficiency, which notice may be given by mail. If at any time the Mortgagor shall tender to the i4lortgagee, in accarclnnee 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 accumula'~ed urtdar the r_irovisians of laS of paragrarh ~ hereuf: If there shall be a default under any of the prnvintn*+a of this m~,.to4 .~ulti^~ its g nt:,..,alo of thn pre-miser-3 ,.over~l hoa•~by, if the ..~,.~ge r ,.~ a pug..., Mortgagee acquires the property otherwise after default, the Mortgagee, asptrustee, 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 'L pte,^,eding, a.4 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 ar any part thereof secured hereby. a, He will pay alt ground tents, taxes, assessments, vi°ater rRtes, and other governmental or munici- pal charges, fines, or impositions, levied upon said premises and that he w}II 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 Idohraska against the Mortgagee, or the legal holder o£ 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 Ile will prortiptly deliver the official receipts therefor to fine lliortgagee. In default thereof the Mortgagee may pay the same.