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<br />TO HavE aND To HOLD the same utxto tire i'4lartgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, the Aiot•tgagee, that the liot•tgagm- has gooil right to sell and convey said premises;
<br />that tFieg are free h•om encumbrance, esc;E:pt as hereinoiher,t is<~ recited; that the Mortgagor will warrant
<br />and defend the same against the lawful claim, of all persons tt~homsuecet•. -fortgagar hereb}° relinquishes
<br />all rights of hamestead, ail maritat rights, either in la~t• or in equip , and all other contingent interests of
<br />the Dfartgagor in and to the above-described prenuses.
<br />PxovtDeD attravs, and these presents are executed and delivered upan the fallowing conditions, to
<br />wit:
<br />Aiartg•tgar agrees to pa}- to the ~iartgagee, or order, the aforesaid principal cum ,with interest from daft:
<br />at the rate of Ten and one half per cenitsm it (}, 5' ~) per annum un the unpaid balance until paid.
<br />The said principal and interest shall'oe payable at the otlice of Mortgage Pius Incorporated
<br />ir, Englewood , Colorado , or ai such other place as the holder of the note may designate in
<br />writing delivered at• mai?c~i to ilte ~Iartgagor, in n;onthh' installments of Four Hundred Thirty Eight
<br />29 jI00 Dollars tg~38.29 ), c~:r.;ntercing an the tirs± dac of December , 19 7 4 ,and continuing on
<br />the nrst day of eai•it month t?u•t-eafter until said note is fully maid, eseeltt that, if Hat leaner paid, the final
<br />fkayntent of principa? and interest ,shall be due and ;,ayabie an tixe r.rst day of November 2009 ;alt
<br />acvrarding to the to=rms of a certain promissar}' nafe of even date heretcith esecuted by titre said ?liartgrngor.
<br />The 14fartgagar furtiaer agt-~•es:
<br />1. lie will pad- the irdcatc~?ne~c :~ her~~inbefore prorided. Frivilege is reset•ced to prepay at an~-
<br />time, without premium t,. .>., the cntit e indebtedmess or any part thereof not less than t3te amannt of arse
<br />installment, or one hundred dollars i_~100.00}, whichever is less- Prepaymer-t in full shall be credited an
<br />tlx date received- Partial p,-ega}m~tt, other than on an installment due date, need not be ct~dited until
<br />Llse nest #ollovc:ng insiallm~nt due date ar thin}- days after such prepayment, whichever is earlier.
<br />r. Together w-ith, and in additian to, the monthl}- pad-n2ents of p=.•ineipal and intetcst payable under
<br />the terms of the Hate seCUitid hereby, ?Harigagar will pay tz. iFiartgagee, as trustee. fonder the ter-ttts of'tltis
<br />trust as hereinafter stated) on the first day of each mont}t until said Hate is fully paid:
<br />{o) 1; sum equat to the grnntrd rents, if anr, nest dui, plus the premiums that trill next he~^onte, due
<br />and p:acaixle an Ixlicies of fire and ether hazard insurance cavering the mortgaged Property,
<br />plus rases and assessnter=ts nest duc• ar. the nun•tg;,ged property t a1i as estimated by the Mort-
<br />gagee, and of which .he Alortga~u- is twtifi~>d) kss all sums ah-eadv paid therefor divided by
<br />titre rumi~r ai nx,nths to t=lapz before ant• n..~tath prier tv the date .t-hen such ground rents,
<br />pren~un~, rases anti asses=meats tit-ill txcont~ rlelin•luent. such sums to be held by Mortgagee
<br />in trust is pay said gmunci ri•nt_., pr~~mit„t:s, fasts and special assessments.
<br />(3) The aggregate cif r?tie amannt_: pad al,le pttrsuattt to subluaragraph ta) and t]:ase payable on the
<br />Hate secure herrb~-, shall tw h:aid in a single payment each month, to Ue applied to the fotIo~-
<br />ing items in the order stat~~>d:
<br />ttl ground rent., rase,,, ~cse,.unrnts, fire sad carer hazard nsuratce premiums;
<br />tit)intermit,~tai3t~>ni,tesecar<~.3herzby:and
<br />(iIi) amot4i;.atiar, cf the prinrilkzl of said nafe. -
<br />Any detii•iencv is; the anr?unt of any such aggregate mc.ntltly payment shall. untt~ made good
<br />b} the 1,,+rtgagur prix.e• t,? the .-IuY date of the nest sect payment, r~~nstitute an _ vent of default
<br />under this mat°=gage. 3t 1Sartgagc-e's xtptian. ~Iartg-agar will pal a "late charge" noL exceed-
<br />ing four pet- ~entetm t lip) ai am installment trherx paid morn titan tift~n { lo} daps after the
<br />dve date i h errv,f to cover tire extra expense inv«Iti-e,1 in handling delinquent pa}-meets, but such
<br />" 3st~ :t,arge" sha31 nt~t br payable rust of the pr-cxt~tds of an}• sale made to satisfy the indebted-
<br />ness sreund hereby, unles, such pti+c'reda err sutficiert to dis,:harfre the entire indebtedness and
<br />ail prci*,e: rxm~ and esper>ses seeur~c3 thereby.
<br />3. If the total of the paytnrats made by the taiartgagnr under tR) of Paragraph o Preceding shall
<br />exeAed tam aunt of psrment& actually made by the \Icrtgaga e. as rrustc~. for ground rents, taxes and
<br />assesmeats or insurance premiums, as the ca,,e may lx, such rscts, shall be credited by the Mortgagee
<br />on acn6sequent pa}•mzntr Ya be made by the ~iartgagar for suchrtems ar, at ~Surtgagee's aprion, as trustee,
<br />shaII be refunded io !darigagor,. If, howe~•zr, su.h maathh- payments shall Hat be sufficient to pay such
<br />it~a ashen the saate shall became due and payable, then the ~iartg:>~ntr shall pal- to thz Diartgages,
<br />trststee, aA`: amount t,eressary tcs nial;e up the dencieney u-itltin thirty t 3tt) da~-s after written notice #ram
<br />the Mar~tgsger statiag the amount cif the dcficieney, w•hirh notice may be giten by mail. If at any time
<br />the 3fesrtgsgva shall i~ndez to tine Mortgagee, is ae~~treiance with The pn}visian.. of the note secured
<br />here}fy, full pa~°mertt of the entire indebt~ress rnptrsented thereb}-. the ifortgsgee, as trustee, shall,
<br />in computing the amannt of such indebtedness, credit to the account of the Mortgagor any credit balance
<br />srxamulated tinder the prot-isions o-=" tQ) of paragraph 2 hert"of. Ii there shall be a default under any
<br />cif the prnviaions of this martgage resulting in s public sale of the premises covered hereby, or if the
<br />Mortgagee acquires the property otherwise after default. the 'tiartgagee, as trustti}e, shall apply, at the
<br />time of the t of such proceedings„ or at the time the property is athera•ise acquired, the
<br />swat they nemaiming to credit the Mortgagor under f¢) of garagraplt? preegding, as a creditors the
<br />intrreat aexr4ed sad unpaid and the balance to ilte principal then remaining unpaid on said note.
<br />~. Ttte Bert of this ins#rument shall contain in full force and effect during arty pastpanement or exten-
<br />sion cif the time of payment of the int~tedness ar any part thereof secured hereby.
<br />~. Istp t~1I pay Hll grated tents, taxes, Ac~~*+ents, ra-ater rates, and other governmental or mursici-
<br />pat ~, $aes, ~r impositions, levied upon said premi~z and that he twill pay all taxes levied upan this
<br />mortgage, or the debt secured theroby, together with any other taxes or assessments which may be levied
<br />under thelsvrrsofNebraekaagaittstthe3iortgagee,or the legal fielder of said principal note, on account of
<br />this indetttedtteas, except when payment for x31 such items ltas theretofore been made under ta) of para-
<br />graph 2 hereof, and he will promptly deliver toe ofHciai receipts therefor to the '1lartgagee. In default
<br />thereof tY,e'Mortgagee may PaY the same.
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