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<br />To HAVE ArrO To Ha[,O the same urrto the Mortgagee, as herein lrrovirlecl. Mortgagor rep[•esents to,
<br />and covenant.4 with, the Mortgagees that the Mortgagor has go{rcl right to stall and convey said premises;
<br />that they are fr^ee from encumbrance, except as her•einotlzerw°ise recited ;that the Mortgagor will warrant
<br />and defend the same against th2law•ful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />all 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 />PROVIDED ar'.\9AYS, and these presents are executed and delivered upon the following conditions, to
<br />wit:
<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of Ten per centaur (10 : o) per annum on the unpaid balance until 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 zis the holder of rite note may designate in
<br />writing deh:ered or :nailed to the i4iortgagor, in monthly installments of Three Hundred Ninety & 71/10
<br />Dollars ($ 390.71 ),commencing on tl;e first day of October , 19'79 ,and continuing on
<br />the first day of each month thereafter until said note is fully paid, except that, if not soarer paid, the final
<br />payment of principal and interest shall be due and payable on the first day of September 2009 ;all
<br />according to the teems 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 hereirtbefot•e 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 ($100.00), whichever is less. Prepayment in full shall be credited on
<br />the date received. Partial oreoayment, other titan on an installment due date, need rat be credited untII
<br />the next following 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 tutda~r
<br />the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as trustee, (under the terms of Urs
<br />trust as hereinafter sta*~} an the first day of earl month anti} said note is fully paid:
<br />(¢) A sum equal to the ground rents, if any, next due, plus the premiums that will next become due
<br />zu,d I>av_tlilE• an policies oC fire and other hazard insurance covoring the mortgaged property,
<br />plus taxes and assessments next dui an the mortgaged propet~y (all as estimated by the Mort-
<br />gagee, and of w hic!t the idiortgagor is notified) less all sums already paid ttterefar divided by
<br />the number of months to elapse before one month lm•iar to the date when such ground rents,
<br />premiums, taxes and assessments evil] become delinquent, such sums to be held by Mortgagee
<br />in trust to pay said ground rents, premiums, taxes and special assessments.
<br />(b) T}te aggregate ui the amounts payable pursuant to subparagraph (a) and those payable on the
<br />note secured hereby, shaft be paid in a single payment each month, to be applied to the follovv-
<br />ingitems inthe order stated
<br />(t) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(1[) interest an the note secured hereby ;and
<br />(:. ..«..... ,.~..~,.,,. ~,. ~ p .....:... .. ..... ..., ..
<br />~,ny dif,iienry in the amauot of an> such aggregate= nit,ntitiy payrrtent shall, unie~ made gc>cx}
<br />by the ;IIKn•tgagot• prior to rho du~~ date of the uext such payment, constitute an evant of d~faul_t
<br />under this nu,rtgugt~. r1t Ziurtgagce's option, lortg<igor will pats a "late charge" rat exeeeli-
<br />ittg four per «~uturn (.1`-) „f ;tu~° irist;illireettt when paid more clan iffteen (lu) days afterthe
<br />due datt^ tl~c=t -,:f tr, t, r the= c ltrzt exp. fete lnvislve:d in hrctullirigeielintluentpayments, }rut sur~it
<br />"late ch,~trgc" shall not- art: ;astable sort of the prcx°~ds of any sale made to satisfy the indobt:d-
<br />ness secured hereby, uuloss sorb proceeds are auflirient to dischargt• the entire indebtedness and
<br />all pi~olx~r c~;sts and expenses secut•rd thereby.
<br />R. If the fatal of the. pay2rtenta made by the hturtgagor under (n} of paragraph 'W pr<*cetling shall
<br />exceed the amount of payments actually made by the biortgagt~c•, as trustee, for ground rent~~c, taxes and
<br />assessments or insurance pmmiums, as the case may be, such excess shall be credited by tht, Mortgagee
<br />nn subset3uent payments to be made by the Afortgagar far such items oe, :at Mortgagee's option, as tr.:st:x•,
<br />s}taii bo refunded to ,M1iortgagor. If, hoverer, such monthly payments stall not be sutPicient to pay such
<br />items when the same shall became: due and payable, then the Mortgagor shall pa>• to tie Mortgagee, as
<br />trustee, any amauut necessary to make up the deficiency within thirty (30) days after written native from
<br />ttte w"_ortgafree stating the amount of the deficiency, which notice may be given by mail. If at any time
<br />the Mort~~ag~ aha!i to^.der +.a rho ~tartgagee, in ac:::.::lance tvitl ±hc provisions of tl:€~ ..atz• .~ tiurtd
<br />hereby, full payment of the entire indebtedness represented t}rereby, the Mortgagee, as trustee, shall,
<br />in computing the amount of such indebtetness, credit to tie account of the Mortgagor any credit balance
<br />accumulated under the provisions of tai of paras~t•aph 2 hereof. If there shall ba a default und.~r anY
<br />of the pravlai~ip~ tyf t}ti~ m~lrt~i~a rE.c,iltin~v in n p,~Filit giiln r,~f rho r~rr,n~ia~c ~.t~`a!'Mi l~r€ily,^„ :f t~hn
<br />Mortgagee acquires the property otherwise after default, the Aortgagee, as trustt~t:, shall apply, at the
<br />time of the cammence[rent of such proceedings, or at the Lime the property is otherwise acquired, the
<br />amount them. remaining to credit the Mortgagor under (a,) of paragraph 2 preceding, as a credit an rite
<br />interest accrued and unpaid and the balance to the principal then remaining unpaid an said rate.
<br />4. The Tien of this inst.rumerit. sha}1 retrain in full farce and effect during any postponement or exten-
<br />sion of the time of payment of the indebtedness or any part thereof secured hereby.
<br />6, l:Is will pay ail ground rents, tnxos, assessments, water rates, and other governmental or munici-
<br />pal charges, fines, or irnpoaitions, 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 />under the laves of Nebraska against the Mortgagee, or the legal holder of said principal Hate, on account of
<br />this indebtedness, except when payment for all such items has theretofore bt-en made under {t[) of para-
<br />11 2 hereof, and he twill ,., rl deliver the at^sial revel is therefor to tl.e ;;.art a°~e. lr, default
<br />gI'aP Pr.,...P„ y P g n,.
<br />thereof the Mortgagee may pay the same.
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