79007662 - Laserfiche WebLink

Browse

~~-~ ~.~~ To H,~vE ~~rr To Ilt~it,t3 tlr€~• s~arnea ur~~oto tlrpr ~Iortgatg#e, ~r,> ht'.*era~r pr•r:FV~rled. Mortga,gr.;r° t~ f>t :,s,=art:, t<r, and eavenants ;with, the lki<'rrt,~A~~~.rs, tlr rr. 11 i~m;~ ~IcrrtiKagur 1r514s ge~u~d a°~ight to ~E:eh and cr„envoy s~a~id ,~aremises ; that they are free from en+cri.nrrbr~•aru.e, a~,~ ~r•1:~~~'t as Ita~a•rau'trutlrt. ~rr ~~~~~~ r i„e•~,itcr'i : ihat the, iVfori gagor ~ar~fJl w,,tr•rattt and defend the same against the ia~sfrd c1,,ims cf all persons :vhomsoec~er. Mortgagor lterebv relinquishes aII rights of homestead, all marital rights, eifher in lau• or• in equity, and all other centinger:t itrterests of the Mortgagor in and to the above-described premises. P1tovRnEO A[.tva~•~, and these presents are executed and delivered upon the following conditions, to wit: Mm•tgagor agrees to pay to the illortga;,*ee, or order, the aforesaid principal sum with interest from date at the rate of Eleven S one elf per contain ~ll 5 ~-) per annum on the unl~aicl balance anti[ paid. The said principal and interest shait~re payable at the office of Mortg age Plus Incorporated in Englewood , Colorado > or at such other place as the holder of the note may designate in writing delivered or mailed to the lIorigagor, in ru,nthh• installments of Six Hundred Twenty Four 33/l0~ollars (~ 624.33 ). commencing on Lire first day of January , i~0 ,and continuing on the first day of each motrtir thereafter until said note is fully* paid, except that, if not sooner paid, the final payment of principal and interer Khali !re due and payable or, the first day of December 2009 ;alt according to the terms of a f ertain prcmissor~ note of even date herewith executed by the said Mortgagor. The Mortgagor further agues: 1. He will pad the irdcbt±•dness, :rs hc•reirrbefore provided. Privilege is reserved to prepay at any time, tt•ithout premium or fee, the retire urdebtedness or any part thereof not less than the amount of one installment, or one hundred dollars 0100.00), whichever is less. Prepayment in full shall be credited 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. Z. Together with, and in addition to, the monthly payments of principal and interest payable under the terms of the note secured hereby, Mortgagor toil! pay *,o Mortgagee, as trustee, (under the terms of this trust as her.unafter stated) on the first day of each month until said note is fully paid: (a) A siren equal to the ground rents, if an1•, next due, plus the premiums that will next become due and payable on policies of fire and athcr hazard insurance covering the mortgaged property, plus taxes and assessments next due ou the mortgaged property {alias estimated by the Mort- gagee, and of n•lrich the Mortgagor is notilieci) less all sums already paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes and assessments icip become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes and special assessments. (b) The aggregate of the amounts paya.blc pursuant to subparagraph (a) and those payable on the note secured hereby, shall be paid in a single payment each month, to be applied to the follow- ingitems inthe order stated (t) ground rents, taxes, assessments, fire and other hazard insurance premiums; (i1) interest on the note secured hereby ;and (ttr) amortizatior_ of the principal of said note, A^y deficiency in the amot:r:t of any such aggregate monthly paymment sltail, unless made goad by the \9 ortgagut• prior to the clue date of the next such payment, constitute an event of default under this mortgage. At Mortgagee's option, ~tor•tgagar• lull! pay a "late charge:' not exceed- ing four per contain (4~0) of air; instali.nene iti-hen paid more than fifteen { 15) days afterthe due date tlrercof to cover the extra expan-se involeed in handling delinquent payments4, but such ==late charge" s'rali a of be payable rjut of the proccscds of rrYiy sale rrrade to satisfr• the indebted- ness sec:ui•erl hereby, unless srrcl< procc eds are. sufficient to discharge the entire indebt<~clness arrd all proper costs and expenses secured thereby. 3. If the total of the payments made by the Mortgagor tinder (a) of paragraph 2 preceding shall exceed the amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee on subsequent payments to be made by the Mortgagor for such items ar, at Mortgagee's option, as trustee, shall be refunded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such items when the same shall become due and payable, then the &iortgagor shall pay to the Mortgagee, as trustee, any amount necessary to make up the deficiency within thirty {30) days after wrrtten notice from the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time the Dortgagor shall tender tv the Mortgagee, in accordance with the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall, in computing the a:-:tount of such indebtedness, credit to the account of the Mortgagor any credit balance accumulated under the provisions of (¢) of paragraph 2 hereof. If there shall be a default under any of the provisions of this mortgage resulting in a public save of the premises covered hereby, or if the Mortgagee acquires the property otherwise after default, the 1lartgagee, as trustee, shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the amount then remaining to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the interest accrued and unpaid and the balance to the principal then remaining unpaid on said note. 4. -The lien of this instrument shall remain in full force and effect during any postponement or exten- sion of the time of payment at the indebtedness or any part thereof secured hereby. ~: He will pay al' ground rents, taxes, assessments, water rates, and other governmental or munici- pal charges, fines, or impositions, tivied upon said premises and th~rt he will pay all taxes levied upon this mortgage, or the debt secured thereby, together with any other taxcs or assessments which may be levied under the laws of Nebraska against the Mortgagee; or the legal holder of said principal note, on account of this indebtedness, except when payment for ail such items has theretofore been made under {a) of para- graph 2 hereof, and he will promptly deliver the official receipts therefor to the l/ortgagee. In default thereof the Mortgagee may pay the same.