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To HnvE arrD To HoLn the same unto the lliortgagee, as herein provided. Mortgagor represents to,
<br />~, and covenants with, the Mortgagee, that the Mortgagor 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. iVlortgagor hereby relinquishes
<br />j~ 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 />PROVIB^n ALWAYS, and these presents are executed and delivered upon the following conditions, to
<br />0 wit:
<br />~ Mortgagor agrees to pay to the 5ortgagee, or order, the aforesaid principal sum with interest from date
<br />t~ st the rate of Ten per centum (10.0'.,,) per annum an the unpaid balance until paid.
<br />The said principal and interact shall be payable at tl:e office of Mortgage plus incorporated
<br />in Englewood, Colorado , or at such other place as the holder of the note may designate in
<br />writirp• delivered or mailed to the Mortgagor, in mrn?thI}• instatintents of Three Hundred Sixty-Four and 37/100
<br />Dollars ($ 364.37 ),commencing em the first day of October , 1819 ,and continuing on
<br />the first day o£ each month thereafter until said Hole is fully paid, except that, if not sooner paid, the final
<br />payment of principal and interest shall be clue and payable on the first day of September, 2009 ;all
<br />acem•ding to the terms of a certain promissory- Hate oC ecan date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at xny
<br />time, without premium of fey, the entire indebtedness ur xny part thereof not less than the amount of one
<br />insiaihuaiit, :; .^ ..".u :dyed d^!!srs rat 0(1.001, whichever is less. Prepayment in full shall be credited on
<br />the date received.VPartial prepayment, other than an an installment due date, need not be credited untal
<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 under
<br />the terms of the Hate secured hereby, Mortgagor will pay to Mortgagee, as trustee, (under the terms of this
<br />trust as hereinafter stated) on the first day of esc;h month until said note is fully paid:
<br />(¢) A sum cyual to the ground rents, if any-, next due, plus the premiums that will next become due
<br />and payable un policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next flue m? the mortgaged pcopcrty (all as estimated by the Mort-
<br />gagee, and of «chic•h the Mortgagor is notified) less all sums already- paid therefor divided by
<br />the number of mouths to elapse before one month prior to the date when such ground rents,
<br />premiums, taxis and assessnumts will become delinquent, such sums is be held by Mortgagee
<br />in trust Yo pay said ground rent,, premiums, taxes and special assessments,
<br />(b) The aggregate of the amounts payabh; pursuant to s:•bparagraph (a) and those payable oft the
<br />note sectn•ed hereby-, shall be paid in a single: payment each month, to be applied to the follow-
<br />ingitems in the order stated
<br />i «) Kt o«s~u, : can, tc:xce, ' -- ,,,t~ fi,•r and other hazard insurance premiums;
<br />(ni interest on the note secured hereby;and
<br />(tn) anu;rtizatiun of the principal of said note.
<br />An}• deficrr+ney in the arnnunt of any- such uggregxte moutltiy payment shall, unless made good
<br />bs° the Murtg:tgor pt-iur to the due date of the next e_uch payment, ronstit-t:t«• an event of default
<br />under- Uti, mut•tgage. ~t liortgngee`s option, lortgagor will pt>,y a "tale charge" not exceed-
<br />ing fors pet ec+nttm~ t-f~.r } of any instal} mm~t ?Then paid more than fifteen (i'a) days after the
<br />due date ther,~~of to cover the extra espa?se i?;voh'ecl in hanclliug delinquent pa, ments, but such
<br />"late charge" shall nut be payable out of the proceeds of any sale made to satisfy- the indebted-
<br />ness secured hereby, unless such prucaeds are sufficient to dischurge the entire indebtedness and
<br />ail proper costs and expenses secured thereby.
<br />3. If the total of the payments ma{ie by the Mortgagor under (¢) of paragraph ?preceding shall
<br />oxceed the amount of payments actually made by the Mortgage«•, its trust«•e, fot• ground rents, taxes and
<br />assessments or insurance premiums, as the case may be, such excess shat! tx credited by the Mortgagee
<br />on subsexluent payments to be made by the 114urtgagor for such items or, at Morlgagf~ s option, as trustee,
<br />shall be refunded to Dortgagor. if, however, such monthly payments shall not be sutficient to pay such
<br />items whon the same shall become due and payable, then the Mortgagor shall pay to the= Mortgagee, sts
<br />trustee, any amount ncYessary to make up the deficiency within thirty (3R) datys after t~ritten notice from
<br />tie Mortgagee stating the amount of the deficiency, which notice map- be given by mail. If at any limo
<br />the Mortgagor shall louder ta> the .1ortgagee, in accot•danca with the provisions of the torte secured
<br />hereby, full payment of the entire indebtectneas represented thereby, the Mortgagee, as trustee, shall,
<br />in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br />ac~utnulxtt=tl under the. provisions of fa) a`i paragraph ~ hereof. [f thorn shad be a do=fauult mtder any
<br />of the provisions of this mortgage resulting in a public sale of the premiss eavereci hereby, or if the
<br />Mortgagee acquires the property otherwise after default, the Aiortgagce, as trustt?a, chap apply, :tt the
<br />time of the commencement of such proceedings, ar at the tim«? the property is otherwise acquired, the
<br />amount then remaining to credit the Mortgagor under {¢) of paragraph 2 preceding, as a credit on the
<br />interest aecraecl and unpaid and the balaa7cr to the principal then remaining unpaid on said Hate.
<br />A. The lien of this instrument shalt remain in full force and etfect during any postponement or exten-
<br />sion of the time of payment o£ the indebtedness or any part thereof secured hereby.
<br />5. He will pay all ground rents, taxes, assessments, avatar rates, and other governmental or munic~-
<br />pal charges, fines, or impositions, levied upon said premises and that he will pay alt 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 laws of Nebraska ~~gninst the Mortgagee, or the legal holder of said principal note, an account of
<br />this indebtedness, except when payment for alt sorb items has therekafore been oracle under {¢) of para-
<br />graph 2 hereof, and he wilt promptly deliver the otlicial receipts therefor to the Mortgagee. In default
<br />thcrecf tMe Mnrtgnonn rnAV pAV the. SAnte.
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