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<br />To HAVE nxD To HOLD the same unto the Rlort-gages, as izereir. procidal. biertgagor represents to,
<br />and covenants with, the Mortgagee, that the Riortgagor has gond right to sell and convey said premises;
<br />that. they- are free from eutumbr:utce, except as hereinothencise recited; that the Mortgagor will warrant
<br />anti defend the same against the la.cfut claims of all persons whomsoever. ilorigagor hereby relinquishes
<br />ali rights of homestead, all marital rights, either iu law or in equity, and all other contingent interests of
<br />the Riortgagor fn and to the atwce.-described premises.
<br />PItQVIDED At~v,vys, and these presetats ere executed and delivered upon the follou-ing conditions, to
<br />wit:
<br />Mortgagor agrees to pay in the Aiort,ag~•e, or order. the aforesaid principal sum kith interest fivm date
<br />at the rate of Ten and one half }ter ce??i=znt u 0. g:)E'er annum on the unpaid b lance until patd-
<br />The said principal and interst shall he payable at dt,: otliee of Riortgage Plus Incorporated
<br />in Englewood, Colorado . or at such other place as the holder of the note may designate in
<br />writing delivered c=r mailed to the ,llo.-igagor, ir. ray>ntizh• Tull;ailments of Four Hundred Fifty Six and
<br />59 /200 Holaar; (~ 456.59 ), c~+z;unencing o?; il;e tu-a day- of De~:embea' . 19 7 9. and continuing on
<br />the fist dap of Path month =.h,>reafte? unti3 scud note is falls- paid. except that, if not sooner paid, the final
<br />paynteni of principal and interest shall he due azzd lcayable on the first day of November 2009 ;all
<br />according to the terms of a certain prnmissor} note of even date hez•ewith executed bc• the said Riortgagor.
<br />The Mortgagor further agues
<br />1. He will par the indebte;ness, as hereinbcfu}-c~ provide±l. Fririlege is tYSerced to prepay at any
<br />time, without pretrium or fee, the retire iudeinednoss er any part thereof not less than the amount of one
<br />installment, or one hundred dollars 15100-001, whichever is less. Prepayment in full shall be credited on
<br />the date received. Partial prepayment, other than on aaa installment due date, need not be credited until
<br />Lf1e n~sst fallowing installment due date or ihirt}- days after such prepayment, whichever is earlier-
<br />? Toagether wifls~, and in ar3diiion i~ Tire n,•-pshh- , _„~„~~ ^f principal a:,d ;,, - - t pai•abie u-'der
<br />the terms ofthe notes secured hereby,lllarigagt~r will pay to Alortgabnv , as frustre, t un,ler the terms of this
<br />trust as h+srtiinafter stated) on the first day of each month until ,aid note is fully paid:
<br />itt} A sum c-Gual tr, the ground rents, if an}•. next dtze, plus tit:> prc~mittms that a-ill next bez:ome dues
<br />and pasal?le un pnlir9es of tire:.ttd outer hazard 9nsu?-ante coc•ering The mortgaged property,
<br />plus terse, and asessments nest due ou the mortgaged property lull ;as ,>stimated Uy the Mort-
<br />gagee, and of which the Riortgagor is notified 1 le>~s all sums already paid therefor divided by
<br />rite numlxr of months to elal>`e before one mouth prior to the date tt lien such ground rents,
<br />premiums. rase, and asseamerts ~+iil br~~,me delintluent, such sums to be held by Mortgagee
<br />in #sust in par said gn,und Harts, premium:, tales and special as_sesements-
<br />{ bl The aggregate of thz> amotmt, payable };ursuant to subparagraph ter) and Lhase pay able on the
<br />note secured h.•arbti-, ;hall lh pad in a single paymc>nt each month. tc be applied to the foIlow-
<br />ixigitems iruhe arderstated
<br />{t) ground i-rnts, lases, assessments, fire and other ha.^.ard insurance premiums;
<br />tat} int<aYCt an the Hate si~urcvl hereby ;and
<br />tai) iun:~rti2atian of the p nripal of said aaott>.
<br />~nr drfaci~ n<y iza th.~ an:c,unt of any :ugh a~~regate :rot;thly payanc nt shall, unless made good
<br />Ur the 3tt.rtgagar prior to the due aat~ of the nest such paytnent, e•onstituir :,n event of default
<br />under this mo*-tgag,e. :1t 'r4ortgsgti s option. Rloa-tgagor will lacy a "late change„ not exceed-
<br />irg four per ceaat.um t f ~<) of any installment n-l:en paid more tt}aztn fiftezn { lhl days after the
<br />due date thereof to corer the estr esprvase involved in i> ndhng delm,~uent pad-menu, but such
<br />°late charge ' :hall Hat Lie payable ovT ~>f tl,.~ p>.;s~uls :;f ~^~- salt ,^.tadr to aatisf y ih~ indebte~-
<br />s~ ured Hereby, unless such p; ~x•;=1Kis arc suti;cieaat to di,c°harge tho entire indebtedness and
<br />ali proper t-csts and os-penses serus-~>d thertUy.
<br />3. If the total of the payments made by the Mortgagtr under ia) of paragraph '2 preceding shall
<br />ez~d the amclitnL of payments attnally made by the Riartgage<, as trustee, for grannd rents, taxes and
<br />asses~s~*+enta or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br />on sutffiegt~ent pa3'ment~ to b< made by the ASartgagor for such itettis or, at R#ortgagee's option. as trustee,
<br />sbadt be refunded to Riortgagor. If, however, such monthly payments shall not be sutlicient to pay such
<br />tt~ when the same ahsll becceae due and payable, teen the Riortgaagor snail pay to the Mortgagee, as
<br />td-°u ear amount nee~nan t=, snake up the deficiency within thirty 180} days after ccriticn notice from
<br />the Mortgagee stating the amount of the defseieney, which notice may be given by mail. If at any time
<br />the Mortgagor shall tender to the Mortgagee, in arterdance kith the provisions of the note secured
<br />hereby, faA payment of the entire indebtedness represented thereby, the Riartgagee, as trt:stee, shall,
<br />ut coatputiag the amaant of such indebtedness, credit to the aec..aunt of tl!e Mortgagor any credit balance
<br />aocmaula#ed atader the pt'~nvisions of (o} of paragraph ?hereof. If there shall be a default under any
<br />+~ the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the
<br />Mortgagee ara;uires the property othnrvrise a#ter default, the Riortgagoe, as trustee, shall aPPiY, zt the
<br />time of the cuiamencemant of such proceedings, err at the time the property is otherwise acquired, the
<br />amt then Ming to creaii the Mortgagor under {a} of paragraph ?preceding, as a credit on the
<br />interest acxrved sad unpaid and tare balances to the principal then t•esaining unpaid on said note.
<br />4. '!4:e lien of this instrument shall remain in full force and e#t'eet during any postponement err exten-
<br />sion of the time a# payment of fire indebtedness or any part thereof secured hereby.
<br />5 $e=:trill:v all ground rents, taxes, assessments, water rates, and other governmental or munici-
<br />pal charges, fines, or impositions, levied upinn said premises and that he will pay all lases levied upon this
<br />mot2gage, or the debt secured thereby, together with any other taxes or assessments n-hich may be levied
<br />under the larva of Nebraska against the Mortgagee, or the legal holder of said principal note, on account of
<br />trail indebtedness, except when pa}~tnent for all such items has theretofore been made under la} of para-
<br />graph 2 hereof, and he a-ill promptly deliver the official receipts Therefor to the Aortgagee. In default
<br />thereof the Mortgagee may pay the same.
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