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<br />79-- (6i~~:3~4?
<br />To HAVE Atop To Hot,p the same unto the Mortgagee, as itercin provided. Mortgagor represents to,
<br />and covenants with, the Mortgagee, that the Mortgagor has goad right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinotherwise recited; that the Mortgagor kill ts•arrant
<br />and defend the same against the la~afitl claims of all persons whomsoever. 74lortgagor beret v relinquishes
<br />all rights of homestead, all manta? rights, either itt law or in equity, and all other contingent interests of
<br />the 14lortgagar in and to the above-described premises.
<br />PROVIDEp ALWAYS, and these presents are executed and delivered upon the t'otlowing 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 pee- centum (10.0~.~) 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 as the holder of the Hate may designate in
<br />writing delivered or mailed to late Dortgagor, in monthly installments of Z+ao Hundred Fifty Four and 62/100=.
<br />Dollars ($ 254.62 ),commencing on the first day of November ,19 79, and continning on
<br />the first day of each month thereafter until said note is fully paid, excepi that, if not sooner paid, the final
<br />payment of principal and interest shall be due and payable on the first day of October, 2009 ;all
<br />according to the terms oi' a certain promissory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor farther agrees:
<br />1. He wil( pay the indebtedness, as hereinbefore 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 ($I00.00), whichever is less. Prepayment in full shall be credited an
<br />the date received. Pariial prepayment, other than on an installment due date, need not be credited until
<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 note secured hereby, lllortgagor will pay to Mortgagee, as trustee, (under the terms of this
<br />trust as hereinafter stated) on the first day of each month until said note is fully paid:
<br />(tt) A sum equal to the ground rents, if any, nest due, plus the premiums that wi31 next become due
<br />and payable uu policies of fire sad other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due on the mortgaged propetty (all as estimated by tkte Mort-
<br />gagee, and of which the Mortgagor is notified) less all sums already paid therefor divhided by
<br />the number of rnonths to elapse before one month pt•iur to the date when such ground rents,
<br />premiums, taxes and assessments will 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 payable pursuant to subparagraph (a) and those parable on the
<br />rote secured hereby, shall be paid in a single payment each month, to be applied to the follow-
<br />ing items in the order stated
<br />(t) gt•ound rents, taxes, assessments, fire and other hazard insurance premiums;
<br />{It) interest. on the late seeut-ed hereby ;and
<br />(n1) amortization of the principal oC maid Hate.
<br />Tiny +leficiency in thi• aiinuuui of a+iy` sorb aggregate enanthly lutymeut shall. artless made gttnd
<br />by the tlortgagor priar to fire dt+e date of the acct tiuclt payment, i- nsGitttte an event of ds fat:}!
<br />under this mortgage. At 3tortgagec`s option, iIitrtgagor will pay a "late charge" not exceed-
<br />ittg four pe.• centu+i+ (~° i.) of any install ntettt :c'hert paid mare than tiftten (la) days after the
<br />due dnio ehr~reor to cover rho extra expense involved in handling delingtteni payments, but such
<br />"late charge" shall not be payable out of rho Ix•oceeds of any sale made to satisfy the indebted-
<br />ness secured hereby, unless such proceeds are sufficient to discharge the entire indebtedness and
<br />all proper ce.sts and expenses secured thereby.
<br />S, If the total of the paynnents made by the 14fartgagor under (a) of paragraph :: preceding shall
<br />exceed the amount of payments actually made by the btartgago>tt, as trustee, far ground rents, taxes and
<br />assessments or insurance premiums, as the case may be, such excess shall be credited lay the Mortgagee
<br />on aubxequent payments to be made by tltc Mortgagor for such items nr, at Mortgagee's option, as trustee,
<br />shalt be refunded to Mortgagor. Ii, however, such monthly payments shat! not be sttfficieut to pay such
<br />items when the same shall become due and payable, then the itlortgagor shall pay to the Mortgatgee, as
<br />truatc~ft, any amount necessary to make up the deficiency within thirty (:30) days after written teutirn frvm
<br />rho T4lortgagee stating the amount of the deficiency, which native may. be given by° tnztil. If at any time
<br />the Mortgagor shall tender to the Mortgage,., in arc+xYt:tnce with the provisiuna of the note secured
<br />hereby, full payment of the entire indebtedness represented thereby, thr. Mortgagee, as trustee, shall,
<br />in computing the amount of such indebtedness, credit to ttte account of the 1Nortgagar any credit taalsnce
<br />accumulated under the groui_sions cif {a) of gsragr•aph ? he_rettf. If the ra sh~tt'~te a €lofault Hader arty
<br />of the proviaiatts of this mortgage rc;autting irr a putsiic sale of the gremisra cr~ueretid hereby, itr if the
<br />iylortgagee acquires the property otherwise after default, the ;4lortgagc~c:, as truatc*„ shalt app}y, at the
<br />time of the commencement of such proceedings, or at the time the property is athercuiae acquired, the
<br />amount then remaining to credit the Mortgagor under (a) of garagt•aph 2 preceding, as a credit on the
<br />interest accrued and unpaid and the balance to the principal then remaining unpaid on said note.
<br />4, The Lien of this instrument shall remain in full forae and effect during any pi>aiponement ar exten-
<br />sion of the time of payment a° the indebtedness or any part thereof secured hereby.
<br />5. He will gay all ground rents, taxes, assessments, water rates, and other governmental or munici-
<br />pal charges, fines, or impositions, [evied upon said premises and that he will pay all taxes levied upon this
<br />mortgage, or the debt aecuttd thereby, together with any other taxes or assessments which may be levied
<br />under Bho lava of iJebraska againstthe Mortgagee, or the legal holder of said principal note, on account of
<br />'this indebtedness, except when payment for all such items has theretofore been made under {a) of para-
<br />graph Yhereof, anti he will promptly deliver the ofr'icial receipts therefor to the Mortgagee. In default
<br />thereof the Mortgagee may gay the name.
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