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ee•ecar*>ted. ~-- ~~~ To HAVE A2dD TO HOLD the same unto the Mortgagee, as 1€er•ein provide^.d_ Mortgagor .reprt:rsertts to, and covenants with, the Mortgagee, that i;ltc= A'Fortgagar has gaol z°ight to sell and convey said pren?isers; that they are tree from encmnbrance, except as hereinotherwise recited; that the Martgagor will warrant and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes 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. PtLOVIDELt ALWAYS, and these presents are executed and delivered upon the following conditions, to wit: Rlortgagor agrees to pay to the &Iortgagee, or m•der, the aforesaid principal sum with interest from date at the rate of Ten per centum (l0 • Sc) per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of Mortgage Plus Incorporated in Hnglewood, Colorado , or at such other place as the holder of the note may designate in writing delivered or mailed to the Moztgagor, in monthly installments of TwQ ,Hundred Seventy Six `57/100ttflollars ($27 6.57 }, 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 ~ 009 ;all according to the 'terms of a certain promissory note of even date herewith executed by the said Mortgagor. The Mortgagor furthez• agrees: 1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to 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 o€? the date received. Partial prepayment, other than on an installment due date, need not be credited until the next following 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, Mortgagor will pay to Mortgagee, as trustee, (under the terms of this trust as hereinafter stated) on the first des of each month un+il said note is fully raid: (a) A sum equal to tl€e ground rents, if any, next clue, plus the premiums that will next become due and payable on policies of fire and ether hazard insurance covering the mortgaged property, plus taxes and assessments next due on the mortgaged prrperty (all as estimated by the Mort- gagee, duel of tt hiclt the i4iortgagor is notified) less a}( sums already paid therefor divided by the number of months to elapse before, one month prier to the date when such ground rents, premiums, taxi s and assessments tt•ill become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes and special assessments. (b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable an the note secw•ed hereby, shall k>t paid in a single payment each month, to be applied to the folloty- ing items in the ordet• stated (r) ground rents, taxes, assessments, fare and ether hazard insuranc@ premiums; (tt} interest on the notesecurrdhereby;and tilt) amorti2ation of the principal of said note. Auy r)c•!i~ it=ncy in the amount of anS urh aggri•gatc mot?t)tiy paynic•nt shall, unl+t~s made goon by the ~lortkaytor peioe to the due date of the next such payment, coustituke an event of default r?i?itt~.` tIti3 ???f~tgage. :at ,51,rrtf;:?ree's €)t!tiota, ~lort~;agor hill l~€}' 2 "lN,t@ Cktal`~"'~" n€st exee~d- ing four lx~r ccentum (•Iz~~~ } of any install meet when p.ud more than fifteen (1C,) days of#~r t}te due date ti,e•reuf ku cover the extra expense involved in haudlingdelinquentpasmento,hutauch '"iati~ charue"' snail not be pa}°aUte ot7t of the proceed, of any sate made to satisfy the indebted- rtess sac•tn•ecl h,~rei,}', unleFS such praeecds art: suttatiettt to disehargr the entire indebtt~dne~ and alt prolx•r casts and expenses secured thereby. 3. If the total of the payments made by the ]Mortgagor under (a) of paragraph :'. preceding stall exceed the amount of payments actually made by the Mortgagee, as trustee, for ground re:tts, taxes and assessments or it€surance premiums, as the cage may be, such excess shall he credited by the Mortgage$ on aubaeg4ent payments to be made by the Mortgagor far such items or, a€t Mortgagee's option, as trustee, shall be refunded to h4ortgagor. If, however, such monthly payments shall not be sutfici€=nt to pay seteh items when U€e same shalt became due and payable, then the Martgagtn° shall pay to th€: 11{0; .gag,.r, as trustee, any amount necessary to make up the deficiency within thirty (30) days after writtcu notice from the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time the Mcrr`yslagar ghats tfrncier to tte Mortgagee, in aecardance with the provisions of the Hate secured hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustev>, shall, in computing the amaunt of such indebtedness, credit to the account of the Mortgagor any credit balance accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under any of ttte pr-vvi~iii.:s of tti3 .rvr``igab~ ;c,uitir€p~, in a publt~ sale of the pre-.s3i3os c,v'vtrc~: herelFy. ar if`-.he gee. acqur~^~ s lets. i`do~tga . ~ _ " property atherti isa after aefault, the iortgageY, a_c trus"tee, shall apn3y, nt the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the amount then remaining to credit the Martgagor under (a) of paragraph 2 preceding, as a credit an the intereot accrued and unpaid and the balance to the principal then remaining unpaid on said note. ~. The lien of this instrument shall remain in full force and effect during any postponement or exten- sion of,the thane of payment of iha indebtedness or any part thereof secured hereby. • li. 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 ]evied upon this mortgage, ar the debt secuz•tvl thereby, together with any ether taxes or assessments which may be levied under the laws 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 bc~ezt made ureter (a) of para- graph H tereaf, and he will promptly deliver the otfitcial receipts therefor to the Mortgagee. Tn default thereof the in`ortgagee may pay the sonic.