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To HavE A~It "I"n 1}c~;.ta t-he same unto the McartgaagE::e, a~;; herein l,ror~ided. 147ortgagor rel~~r•eseuis to, and covenants .;ith, the Mortgagee, that the i'4iartgagar has good right to sell and convey said premises; that they are free from ercambrance, except as hereinotherwise recited ;that the Mortgagor kill warrant and defend the same against the la~rful claims of all persons xhomsoever. Mortgagor hereby r>lingnishes all rights of homestead, all marital rights, eitl?er in law or in equity, and all other contingent interests of the i)iartgagor in and to the above-described prerflises. PROVIDED At.wnvs, and these presents ale executed and delivered upon the following canditions, to wit: Mo?•tgagor agrees to pay to the ;4Iortgagee, ar order, the aforesaid principal sum with interest from date at the rate of Ten per cenhrm (l0 ,'.c) per annum on the unpaid balance until pair}. The said principal and interest shall be payable at the office of Morbgaq_ e Plus Incorporated in Englewood , Colorado , or at such other place as the holder of the note may designate in writing de}ivered or mailed to the \Iortgagor•, in monthly installments of Two Hundred Sixty Seven 79J100 Dollars ($ 267.79 }.commencing on the first day of November , 19 79 ,and continuing on fhe first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final payment of principal and interest shall be due and payable on the first day of October 2009 ;all according tp the terms of a certain promissory note of even date hrretvith executes} by the said Dortgagor. The Mortgagor further agrees: 1. He ~~ ill pay t}tc iuslehtedncss, as herciubefore pruvideil. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or any- part thereof not less than the amount u±-one installment, or one hwadred dollars ($100.00?, whichever is less. Prepayment in full shall be credite~a on the date received. Partial prepayment, other than on an installment due date, need not be credited until the next following installment due date or thirty days after such prepayment, whichever is earlier. 2. Toget.}rer with, and in acid}lion to, the monthly payments of principal ansl interest payable under the terms of ti?e note scs?ured hereby, Mortgagor will pay to lior•tgagee, as trustee, (under the terms of this trust as hereinafter stated) on the first day of each month until said note is fully paid: (a) .A sum equal to the ground rents, if arty, next due, plus tlae premiums that will next become due and payable ou policies of fn•e and other hazard insurance covering the mortgaged property, plus taxes and assessments next due. an the mortgaged property (al} as estimated by the ~iort- gagee, and of which the Mortgagor is notified} less all rams ailready paid therefor divided by the nurn!>er• of n?m?ths to elapse before one month prior to the date when such ground rents, premiums, taxes and assessments will become delirrquusnt, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes turd special assessments. (6) The aggregate of the amounts parable pursuant to subpar•agraptt (¢) and thane payable on the note secured hereby, shall be paid in a single payment eacia month, to be applied to the fallaw- ingitems irrthe order strnted (t) ground rents, taxes, assessments, fire wall other hazard insurance premiums; {tt) interest un the note secured hereby; and {itt} arncn•tiztrtion of the principal of swirl note. Any dcficietkcy in the xmuuut of and> sur}t !aggregate nla~mthly pa}°metrfi s}lali. untess,rade ~~od by Ehe ;3lortgtrgot• prior to the due date of the next such, payrnerrt, constitute an event of defau}t tender this mortgage. At llnrtr;ag,~e's uptian, llortgtt,gcar !kill tract ~•latc. ~t.~rg@" not nxe~c?- i;.g" err ltt•t t:: Pali: aR? t i,. t t;a ,,, ;• iirS tli tl ntent tt n•{?tl ptnd n?Or•i'. t.^.Rn SIIteen {:_,1 f#SyR $ftL>2` lets dye, sl.tft. rt;.,,•...,f' r~ ., .,, tlt~. .-irr: - '-1?•e=t it-n 4te:<< _- =}~,' t€ to ~tx_ ?r~ t;, brit utih "laatc c It _rs~- .hal} not ~a h';Iti 16ta o,rt r t tit _ „r c} e=t ...t a:.d~ na. ie ~c, _a«z~.~ t.~ trt~~- ness secur<<,i hereby, unlrss sus}! i?roceeds are sulticier4 to discharge the entire indebtcYlness and all prols~r costs and expenses se>curcd thereby°. 8. If the total of the payments made by the Mortgagor under {a) of paragraph 8 preceding sha}i exceed the amount of payments actually made, by the Rortgagee, as trus;.ee, for ground rr=ut~, taxes ens} assessments or insurance premiums, as the case may be, such excess shall be credited 6y the Ht<>rtgagec> an subsequent payments to be made by the bortgagor for such its°ms ar, at Martgagc~'s option, as trustrr., shall be refunded to Aiortgagar. lf, hax-ever, such monthly payments shall not be sufficient t~ pay such items when the same shall bc>come due and payable, then the iiurtgttgor shall pay to the I1i~z.rtg.ay,~,~•. as trusts~sk, tiny tarnount necessary to tna}ua up the detlciem:y within thU•ty {30} days after tr rittt'n nett, •• trtan the Martgagc~ stating the amount oP the dafici©ncy, which notice mray be given by mail. if at any i'kmr the Mortgagor shall tender to the Mortgagee, in accordans•e ?sith the provisiorss of the• rtuti• src•urc•.? hereby, full payma;nt pt th€+ entirt> indebtt•c3ness raprest•ntcd thereby, the loltgagc, as trustcr~, where, in computing the amount of such imietrteciucss, credit tct the xceourtt of t}te Mortgagor any cres}it }rzslatrk•e accumu}ated under the previsions aP (a) :If paragraph `.; hereof. if there wheel ht a default turd!>r arzy "f tai: pravisiilresvf this mtalga~ resulting in a public laic of rho premiss-s covers~ki hereby, or if the= Martgag+>e acsiuires the property otherwixe after do+fault, th€= :3lortttagr~=, its trustc3•, ;tea}} zkl;l,}y, <ti th+• time of the cammoncement of such prac+->edings, or at the time the property is utherwvise :tc~sluire<l, tht~ ampunt then remaining to credit the Mortgagor under (ct) of paragraph 2 preceding, as a cz`eslit stn khe interest a=trued and unpaid and the balance to the principal then remaining unpaid on said note. d. The lion of t]ais instrument she(} remain in full farce nand etfect during clay postponement or extt~n= sipn of the time of payment of the indebtedness ar any part thereof secured hereby. 5. He wail pay all ground cents. taxes, assessments, water rates, and other governments} or munici- pal charges, fines, ar impositions, }evied upon said premises and that he ?vi11 pay all taxes levied open this mprtgage, pr the debt securs:d thereby, together with any ether taxes ot• assessments which may be levied under the laws of Rrebras&a against t}le Mortgagee, or the legs} hatdel° of staid principal note, on account of this indebtedness, except when payment for all such items has theretofore been made under {u.) of para- graph ~ hereof, and ha; wi}l pa°ompt}y deliver the of"Iicia} receipts therefor to the 3fortgagee. In defanlt thereof the Mortgagee may pay the same.