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<br />t~
<br />100ths
<br />To FiavE AND TO I1cfLn the s~ar'tre uzzto the ~1lortgagee, tas }tc!~rfrin ln-ow•idr~~:d. Mort~gagot^ reI'~res,2nts to,
<br />and covenants svitlz, t}te l~Iortgagea+t, that the Mortgagor Iran go+?d, ri,~ht tr~+ sell tend con~~ey said llt:enrises;
<br />that they- ace f'zee ft•om encumbraztce, except as hez•eirtotlterwise recited; drat the Alar°tgagar xc•il1 warx•ant
<br />and defend the same against the latcfatl claims of alt persons whomsoccer. 1lvrtgagor hereby z elingnislzes
<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 />PttovtaFp ALWAYS, and these presents are executed and delivered upon the following conditions, to
<br />wit:
<br />Mortgagoz• agrees to pay to the Mortgagee, rir order, the afores:.id principal sum with interest Prom date
<br />at the rate of Ten per centum (10 .~ } per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the otlice of Mortgage Plus Incorporated
<br />in Englewood , Colorado , or at such other place as the balder of the note may designate in
<br />writing delivered or mailed tv the ~Ivr•tgagor, in monthly installments of Three Hundred Eleven and 69/
<br />Dollars ($ 311.69 ), commencing on the fit;st day of October , 19 79, and crintinuing vn
<br />the first day of each month theresiter until said note is fully paid, except that, if not sooner paid, the final
<br />payment of principal and interesC shall be due atzd payable on the first clay of September 2009 ;all
<br />according to the terms of a certain promissory note of even date herewith executed by the ;aid Mortgagor.
<br />The Mortgagor further agrees:
<br />1. 1Ie will pay the indrbtechress, as Irercinbefrn•o provided. Privilege is reserved to prepay at any
<br />time, without premium or i•oe, the c•ntirc indci,>tedness or any part thet•eof not less than the amount of ono
<br />installment, or one hundrad dollars ($100.00), whichever is less. Prepayment in full shall be credited =~n
<br />the date received. Partial prepayment, other than on an installment due date, need not be credited until
<br />the next fo!luwing inst,.111ment 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 tx:tms of the note secured hereby, Martgagvr tciil pay to Moztgagee, as trustee, (under the terms 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 any, tz~xt clue, pats the premiums that will next become due
<br />and payable on policies of (ire and othet• hazard insurance covering the mortgaged property,
<br />plus taxes anti assessments nett due vn the mortgaged property (all as estimated by tha Mort-
<br />gagee, and of which the Martgagor• is notified) less all cams already paid therefor divided by
<br />the numUer of months to elapse before one month prior tv the date when such ground rents,
<br />premiums, taxes and assessments trip become delinquent, such sums to be held b,Y Mortgagee
<br />in trust to pay said ground rents, premiums, taxes and special assessments.
<br />{b) The aggregate- of the anx>unts payable pursuant to subpartagraph (a) and those payable on the
<br />note secured hereby, shall lye Laid in a single Inayment each month, tv be applied to the follow-
<br />ing items in the ardor stated :
<br />it) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />(t[) interest an the note sacnred hereby; and
<br />(ttt) anae+t•tizatian of the principal ot• said note.
<br />Any dei~ency' lit the a%iitiitit oC irtii' =its°lr aggt't•gate~ monthly tsayxnent shall, unless Made gaud
<br />by the lrirtgagvr prior to the due date of the next such payment, caustitute are event of default
<br />and€:r this rnortga~e. At i4lot•t;;.+g~=v's _,ptivn.:4lot•t;rage.' will pay a "hate ettarg€„ Hat ~xce~d-
<br />ing r>nt ;:~ t• cr~ntum { t°t } of nny- i:.~:talt meat ;rhr=n staid mor:= tltann ftfteon (tf.) days after the
<br />duo data t}:c°rt•r+f to c+}v.•r th#+. xta rrxl.Tt•t:sc intiufved in ltaudiir+K ziehngncnt linyntents, but srt:~h
<br />"li.ts.• t:li~rr;t ` staatl i1+3t t+?? pi#y`itble s~Fit trf ttit: praceeits elf i#rr{` ti~#it' I71ade Ca ~atr5f•~i` the rndebt€d-
<br />nt'53 aeerr-t-rd hereby, nnle,s tillt'h Firal't e1i5 are suiiicient tea [_fl~Char~,Te the etrtl2•e tndebtelInES9 suet
<br />tall prol~rr•r cost-c and uxpansvs secururi thereby.
<br />3. If the total of the payments made by the Mortgagor antler (a) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by the 1Vlortgagee, as trustee, for ground rents, taxes and
<br />assessments oransurance premiums, as the case may he, such excess shalt be credited by the Mortgages
<br />an subsequent payrrrents to be made by the Mortgagor for such items or, at Mortgagee"a option, as trustc~,
<br />shall be refunded tW Riat•tgagor. If, however, such monthly payments shall not be sufncient to tray such
<br />?' ems when the snore shall become due ttnrl payable, then the 3ivetgagor shalt pay to the \Iurigagr>E, as
<br />trustr!e, any amount necessary tts make up the deficiency within thirty tv.0) days afterwritten nati<•e frc;nr
<br />the Mot•tgagcx; stating the amount of the deficiency, which notice may be given lay mail. [f at ..any time
<br />iho 141ortgagar shall tender tv the Mm•tgagect, in accordance to ith the provisions of the mlfe sutured
<br />herby, full payment of the entire indebtedness repr#:sented thcst•eby, the Mortgagee, as trustee, shall,
<br />in computing the amount of such indebtedness, credit to the account of the Martgagor any credit balance
<br />aeeumulated under the provisions of (tr) of paragraph 2 hereof. If there shall be n default under any
<br />of the pravlsiorts4 of this mortgage traulting in a public: sale of rho prcantiaea covered hereby, ar if the
<br />Mortgagee acrluires the property otherwise aftrrr default, the Mortgagee, as trust€~, shall apply, at the
<br />time of the cornmencemerrt of such praeeedinga, ar at the time the property is othc:rwisc± acquitecl, the
<br />amount then remaining to credit the Martgagor under (a) of paragraph 2 preceding, as a credit an the
<br />interest necrued and unpaid and the balance to the principal then remaining unpaid an said Hate.
<br />4. The Bert of this instrument shall remain in fail force and ef[eet during any pvstlronement or exten-
<br />sion of the time of payment of th'. indebtedness or any part tirererevf secured hereby.
<br />fi. He will pay all grounel rents, taxes, assessments, water rates, and other governmental or munici-
<br />pal charges, fines, or impositions, levied upon said premises and that he will pay all taxes levied upon this
<br />martgago, or the debt secured thezeby, together avith any other taxes or assesstents which may be levied
<br />under the laws of Nebraska against the?Kortga~tee, or the legal holder of said principal note, on account of
<br />this indebtedness, except when payment far all such items has theretofore been made under {a) of. para-
<br />graph 2 hereof, and he will promptly deliver the nflicial receipts therefor tv lire Rortgagee. In default
<br />thereat the;4tartgagee Wray pay the same.
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