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TO 1`IAVE AtvD "i'o ~lloLV t}te same unto the Bimigagac t4 }y,eruur l,travideel. ~it2rtgagar rr prresc^nts tc,,
<br />and eocenants with, t}2e Mortgagee, that the lltrn•tgrgor f2a,s gcxxi rtgtlt to soil and convey said premises;
<br />~'! that they are free from encumbrance, except as here}nothertc ise recited ;that the blot±gag~•r i2 ilI warrant
<br />~ ~ and defend the same against the latri•ul claims of all persons a homsoccc2'. Mortgagor hereby '•elinquishes
<br />~ all rights of homestead, all marital rights, either in la2c- ar in eyuit}•, and all other contingent interests of
<br />t- _ ~ the Mortgagor in and to the above-described px°emises.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to
<br />t ~ wit:
<br />t ~ Mortgagor agrees to pay to the -iortgagee, or scoter, the afo. :aid principal sum with interest from date
<br />at the rate of Ten per centunt (10. d,e) per annum on the unpaid balance until paid.
<br />The said principal and interest sha11 be payable at the atfice of Mortgage Plus Incorporated
<br />in Englewood, Colorado , or at such oti2er place as the holder of the note may designate in
<br />writing delivered or mailed to the Mortgagor, in monthly installments of Three xundred Twenty Nine and
<br />2~/100ths Dollars (~ 329.25 ), cunrn2encing on the fiat day' of October , l9 79 ,and continuing on
<br />, the first day of each month thereafter until said note is fully p aid, except hat, i£ rot sooner paid, 'the fined
<br />payment of principal and interest sha11 be due and payable on the first clay of Segcember, 2009 ;alt
<br />according to the terms of a certain promissory- nafe~ of even date herett•ith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He will pay the ind,~btedness, as hereinbefare provided. Privilege is reserved to prepay at any
<br />time, without premiun2 or by=• the entire indcbtech2ess ur any part thereof not teas than the amount ~ d ;one
<br />installment, or one hundred dollars ($100.00), whichever is less. Prepayment in fell shall be credited an
<br />the date rer:oived. Partial prepayment, other than on an installment due date, need not be credited ur;tii
<br />the next following installn2ent due date ar thirty days after such prepayment, whichever is earlier.
<br />Z. Tog43ther with, and in addition to, the monthly payments of principal and interest payable under
<br />the terms of the note c_ecrrred hereby, Martgagox• will pay to Mortgagee, as trustee, {under the terms of this
<br />trus* a,a he...,.aftz. stated) .,.. the first day of each month until said Hate is fully paid:
<br />(a) A sum rv;ual to t he gr,_;uncl rants, if any, next due, plus the premiums that will next be>come due
<br />and payable on lx~>licics ul• lira and other hazard insurance coveting the mortgaged property-,
<br />plus taxes and assessments next due on the mortgaged property (alI as estimated by the :t'Iatt-
<br />gagere, anti c;i` 2chich the ~iur-l.gxgur is notified} less aA sums already paid therefor divided by
<br />the number of months t„ elapse before one mouth prior to the elate when such ground rents,
<br />premiums, tales and assessrncuts kill become delinquent, such sums to be held by Mortgagee
<br />in trust to pay said ground rents, premiums, taxes and speeial assessments.
<br />(6) The aggregate of the arruuuts payable pursuant to subparagt•aph (a) and those payable on the
<br />note secured hereby, shall be paicT in a single payment each month, to be applied to the fal#ow-
<br />ingitems in the order stated
<br />(r) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />{n) intet•estouthcnutesecuredherrby;and
<br />{zzz) amat-tization at ilre principal of said note.
<br />Any deitciency in the amount of env- suelr aggregate monthly payment shall, unl~ made gcwel
<br />by° the Jtortgagar prior to the due lotto of the next such paynnent, constitute an event of default
<br />under this mortxage. At lo:-tgagee's option, Mertgagat• will pay a "}at,: charge., not axceed-
<br />,no f£;2;r x t2:nx t 1 `.•) + _ . :r ~ '' f .s=tet t l r~tr le:rtd more than nfceeu t xa) dgys arc4r tae
<br />due duty rh,~z'oul to c°ov'er tlrrt extra oxp.~nst involved i~lhmadl)ngd_o4intltla17t ~,,.. t hut;;,.k•#;
<br />..late chae~~~' chat[ not be payable out of tt2e proceeds of any,' Sala tnadc~ t4 satrsfv the indebted-
<br />t2ess secured }ic~rcUy, unless Stroh proceeds are. suttieient to discharge the entit•e indebtedness and
<br />all propel. costs am! expenses secured thereby.
<br />S. If the total of the: paym2ents made by the Mortgagor carder (a) of paragraph L preceding shall
<br />exceed the aznaur2t of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and
<br />assessments or insurance premiums, as the case may t>n, such c:xccss shall be credited by the hortgagee
<br />on subsequent payments to be made by the Mortgagor for suchh items or, at 3iortgagee's option, as trusts,
<br />shall be <efundecl to Rortgagor. if, however, such monthly payments shalt Hat ba sutfreient to pay such
<br />items when the same ahal# ber:ome due and pay°able, then the &iurtpagor shat pay to the Mort~;agcY, as
<br />trustee, any amount necessary to make up the deficir:ncy within thh•ty (30) days ufter written nu;iec fr•onx
<br />the Moz•tgagt-•e stating the amount of the defuioncy, which notice. may be given by mail. If at any time
<br />the Mortgagor shall tender tcl the Rlat~igagee, in aecarchznce with tl2e pr`avtsions of the note secured
<br />hereby, foil payment of the entire indebtedness represented thereby, the Mortgagee, zes trastea, shal#,
<br />in computing the amount of such indebtedness, credit G> the aeeaunt of the Mortgagor any credit balance
<br />acepmulated under the provisions of (a) of paragraph 2 hareaf. If there shall be a clefau#t under any
<br />a; ttze, p~v#s#ona of this martgxtge r~u#t#ng ir2 a pub#ic sate of the pz'omis~s ccrvGrt~ti hcrretry, ar if the
<br />Mortgagoe acquires ttre property otherwise after default, the Mortgagee, as truatc~t, shall apply, set the
<br />time of the c;oramencemeut of such procecdinga, ar at the time the ptoperty #a otherwise acquired, the
<br />amount then remaining to ereciit the Mortgagor under {or) of paragraph 2 preceding, as a credit an the
<br />interest scorned and unpaid and the balance to the principal than remaining unpaid an said note.
<br />4, 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 ar any part thereof secured hereby.
<br />fi. He wilt pay all ground rents, taxes, assessments, wutar rates, and other governmental or munici-
<br />pal charq~s, fi22ea, or impositions, levied upon said premises and that he will pay ail 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 Iv~abraska against the".Ierrtgag~, or the #egai ha#cder of said principal note, on account of
<br />this indebtedness, except whoa payment for all such items has theretafare been made under (u) of paz•a-
<br />graph 8 heraaf, and tee tv#Il pramptiy deliver the atixeial receipts therefor to the Mortgagee. In default
<br />thereof the Mortgagee may pay the same.
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