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<br />TO HAVE AND TO HOLD the same unto the Martgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, the Ivfortgagee, that the I•Iortgagor has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinotherwise recited; that the Mortgagor will warrant
<br />and defend the same against the lawful 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 ALWAYS, and these presents are executed and delivered upon the following conditions, t0
<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 centum (10 ;c) per annum on the unpaid balance until paid.
<br />The acid principal and interest shall be payable at the office of Mortgage Plus Incorporated
<br />in Erglewaod , Colorado , or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the iortgagor, in monthly insiallments of Three Hundred Fifteen & 20/
<br />SOOths Dollars ($ 315.20 ), commencing un the first day of October , 19 '7 g, and Conti^ning on
<br />• the first day of each mmtth thereafter anti! said note is fully paid, except that, if nut sooner paid, the final
<br />payment of principal and interest shall be due and payable on the first clay of September 2009 ;ail
<br />according to the terms of a eertaiu promissory Hate of even date !ierewith executed by the said Mortgagor.
<br />The Mortgagor further agues:
<br />1. He will pay the indcdticdness, as hereinbefare provided. Privilege is reserved to prepay at any
<br />time, without premium ar teo, 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 nn
<br />i.lcr; u~l~ iet,cilc:i. r... „ixi Y;ztray utcii t, ;-- 'r, - ...,.all ;:o,.,, .a.L'., de ...~.', ..^.t ~• ~~:+~~ y .~;!
<br />the next following installment due date or~thirty days after such prepayment, whichever is earlik:r.
<br />'l. Together with, and in addition to, the monthly payments of principal and interest payable under
<br />the terms of the note secured hereby, ASortgagor will pay to Mortgagee, as trustee, (under the ter~~ of this
<br />trust as hereinafter stated} an the first day of each month until said note is fully paid:
<br />(a) A sum equal to the ground rents, if auy, next due, plus the premiums that will next become due
<br />and payable on policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due on the mortgaged property (all as estimated by the Mort-
<br />gagee, and of which the Mortgagor is notified) less all sums already paid therefor divided by
<br />the number of months to elapse before our month prior to the date when such ground rents,
<br />premiums, taxes and assessments gill become delinquent, such sums to be held by Mortgagee
<br />in trust to pay said ground rents, premiums, taxes and special assessments.
<br />(b) The aggregate of the amounts pa>•able pttt•suant to subparagraph (u) and those payable on the
<br />Hate secured botchy, shall be paid in a siugle payment each month, to 6e applied to the fatlow-
<br />ingitems in thcorder stated
<br />{t) ground rents, taxes, assessments, tn•e and other hazard insurance premiums;
<br />(tt) iriieresi an lire Hale sccure,i hercity ; xnc
<br />(tlTl ;tmottiiatian of the principal rf .aid ttr_,te.
<br />Any d~•fitic~ncy iti the amou,it o;" snv such agg'renate n„,nth (y lravment shall, itntess mad.°;~~~3
<br />by th • ~iortgagar prior to the sue date of the next such payment, constitute an event of default
<br />rtndet' ~itis mar%gage. Aialortgagee's aptiun, S%arigagor will pay a "late ehat-ge" Hat exceed-
<br />ing four get ct•ntitm (•3° i) of an}° insiaii rnent when paid more tliati tifieen (15) days liter the
<br />due date thereof to cover the extra expense ineolred in handling delinquent payments, but such
<br />"fate charge" shalt not be payable out of the pracceds ctf any sale made to satisfy the indebted-
<br />ness see ured het•eby, artless such procrw~ls are sutticient to discharge the entire indebtetdness and
<br />all prapec eost,+ and exlxnses secured thereby,
<br />5. If the total of the payments made by the Mortgagor under (a) of paragraph ~ preceding shall
<br />exceed the amount of payments actually made by the Dortgagee, as trustee, for ground rents, farces and
<br />ttsaesgmenta or insurance premiums, as the case may be, such excess shall be credited by the Martgagee
<br />un s~,baequent payments to be made by the Mortgagor for such items or, r:t Martgagee y aptior., as trustee,
<br />shall tar refunded to tfottgagar. If, however, such monthly payments shall not be sutficierit to pay such
<br />items whop the same shall become due and payable, then the Mortgagor shall pity tit the Mortgagee as
<br />trust<ti, any amount necessary to make up the doficiency within thirty {dt)) days after written natii~ from
<br />the Mortgagee stating the amount of the deftcienry, which tiatic:: may be given by mail. If at any time
<br />the Mortgagor shall tender to the Martgagee, in accordance with the provisions of the Hate secut•c~l
<br />hereby, full pa}m7ent of the entirerndebtedneas represented thereby, the Mortgagee, :ts trustee, shall,
<br />in computing the amount of such indebtedness, credit W the account of the Mortgagor any crtKtit balance
<br />accumulated under rho pravisrrtna of (a) of paragraph E hereof. If there shall be a default under army
<br />of the previsions of this mortgagx~ t•~ulting in a public sale: of the promises covcrrc~tl hereby, ar if the
<br />Mortgagee acquires the property otherwise after default, the Aiortgagti•i~, as trustee, shall apply, :it the
<br />time of the commencement of such proeeeclings, or at the time the property is otherwise acquired, the
<br />amount then remaining to credit the Mortgagor under (a) of paragraph 2 prectKling, as a credit on ttte
<br />interest accrued and unpaid and Che balance to the principal then rattutining unpaid un said note.
<br />9. The lien of this instrument shall remain in full force and effect during any postponement or exten-
<br />sion of the time of payment of the indebtedness or any part thereof secured hereby.
<br />5. He will pay all ground rents, taxes, assessments, water rates, and other governmental or munici-
<br />pal charges, fines, or impositions, levied upon said premises and that he wiq pay all taxes levied upon this
<br />mortgage, ar the debt scxu-ed thereby, together with any other taxes or assessments which may 6e levied
<br />under the laws of Nebraska against the Mortgagee, or the legal holder of said principal note, on account of
<br />this indebtedness, except when payment for ail such items has theretofore been made tinder (a) of para-
<br />graph 2 hereof, and he will promptly deliver the oliiciaf receipts theret°or to the 3ortgagee. In default
<br />thereof the 1Viortgagee may pay the same.
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