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<br />Try Il,,.~vE",x.Py1:p'1'G.llt,t;ri l:?lr=Fan2f, i.tl,_=~ _:kt," 31r,Y,~; ig,rfi., «» U,: .,.i, r.,,`.'ir,,r11'. Ir:~rtgagvr rrt.., a:'~~1,.-s ~ ,
<br />a~s!uc9 urvr~:an<rnf~s a~rtitlu, tlatp, )'~Ih:rrr'2'~grt,:at, t1,3at tl.a~ :~'[ pit:gu:',ga~r n.a:, yvrno;. r~dgh~t ts, af~!Ili! <tnd oru~r., ;~~a,~ui , r~rrx~ni~~s~.~s;
<br />that ~cJ'tp:±r ::u~r,•d.. '~frp=e fror~n a~r,rsstuirrtlsr,ar°~ic,•~, ~~xca~;st as fub. a•aaiinf~thn r', -a~,~e rc€,tr~s; ~;.nr,f die ~Ior1'~gagcur xti!i?1 v•az'ra~snt
<br />and defend tyre same against the lace fal c;ains of all persons ;x hamsoever. 3ortgagor° hereby r- 'inquishes
<br />all rigtas of homestead, all marital rigls, ~-ither Srr late or in equity, and all oth::r eontingent inwrests of
<br />the 4lorLgagar• in anti to the alrave-described premises.
<br />P'ROVi6D A:.tt•aYS, and these presents are executed and delilercd upon the following conditions, to
<br />wit:
<br />i•Iortgagor agrees to pay to the tilortgagee, or nrder, the aforesaid principal sum with interest from date
<br />at the rate of Eleven and one half lrer centum (11 ~o) per annum on the unpaid balance until paid.
<br />The said principal and interest shall he payable at the office of 2lortgage Plus Ircor~~orated
<br />~ Englewood, Colorado , or at such other place as the holder of the note may designste in
<br />writing delivered or mailed to the ~Tortgagor, in monthly installments of Three Hundred Fortyy Four and 37/
<br />100ths- Dollars 0344.37 ),commencing on the first day of January + 1~0 , and eontmuing on
<br />the first day of each month ti,ereafter until said note is fully paid,`except. that, if not Boor-er paid, the final
<br />payment of principal and interest shall he Clue and payable on the first day of December 2009 ;all
<br />according to the teams of a certain promissory note of ec•en date herewith executed by the said Itiortgagor_
<br />The Mortgagor further agrees:
<br />1. Tie :vill 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 ($100.00), whichever is less. Prepayment in full shall be credited ~~n
<br />the date received. Partial prepayment, other than an an installment due date, need not be credited until
<br />the next following installment due date ar thirty days after such prepayment, whichever is eazlier.
<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, Mortgagor will pay to Mortgagee, as tr~sstee, (under the terms of this
<br />trust as hereinafter stated) on the first day of each month until said note is fully paid:
<br />(a} A sum equal to the ground rents, if any, next due, plus the premiums that will next become due
<br />and payable an policies of fire and other ha-rard insurance covering the mortgaged property,
<br />plus taxes anti assessments next due on the mortgaged property (all as estimated by the Mort-
<br />gagee, and of which the Mortgagor is notified) less all sums already paid therefor divided by
<br />the number of months to elapse before one month prior to the date when such ground rents,
<br />premiums, tales and assessments n-ill become delinquent, such sums to be held by Mortgagee
<br />in trust to pay said ground rents, premiums, tales and special assessments.
<br />(b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the
<br />note secured hereby, shall be paid in a single payment each month, to be applied to the follow-
<br />ingitems inthe order stated
<br />(1) ground rents, taxes, assessments, fire and other hazard insurance premiums;
<br />{it) interest vn the note secured hereby; and
<br />(IT?) amortization of the principa! of said note.
<br />An}• deficietu' in thE- amount of an}° such aggregate rnonthiy payment shall, unless made goad
<br />by the `Iortgagor prior to the due date of the nest such payment. constitute an event of default
<br />under ±h is moitg age. At ~Iort•„;agee's :;p±ion, lIor•tgagor will pay a "late charge" not exceed-
<br />ing four Her centum {-1 ", } of arry irrstall meat ii-hen paid more than fifteen t15} days after the
<br />due date thereof to cover the extra expense involved iu handling delinquent payments, but such
<br />"late chat•g. "shah not be payable out of the proceeds of any sale made to satisfy the indebted-
<br />ness sec!u•eci hereby, unless such proceeds are sufficient to discharge the entire indebtedness and
<br />all proper costs and expenses secured thereby.
<br />3. If the total of the pa}'zrrents made by the Mortgagor under (¢) of paragraph 2 preceding shall
<br />exceed the amount of payments aetualty made by the mortgagee, as trustee, for ground rents, taxes and
<br />assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br />on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br />shall be refunded to Mortgagor. If, however, such monthly payments shall not be sufficient to pay such
<br />items when the same shall become due and payable, then the lortgagor shall pay to the Mortgagee, as
<br />trustee, any amo~int necessary tv make up the deficiency within thirty (30) days after written notice from
<br />the Mortgagee stating the amount of the deficiency. which notice may be given by mail If at any time
<br />the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secured
<br />horeby, fuI1 payment of -the entire indebtedness represented thereby, the 3ortgagee, as trustee, shall,
<br />in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance
<br />accumulated under the provisions of {¢) of paragraph 2 hereof. If there shall be a default under any
<br />of the pro~-isions of this mortgage resulting in a public sale of the premises Covered hereby, or i€ the
<br />Mortgagee acqui°es the property otherwise after dex`ault, the Mortgagee, as trustee, shall apply, at the
<br />time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br />amount then remaining to credit the Mortgagor under (¢) of paragraph 2 preceding, as a credit on the
<br />interest accrued cad unpaid and the balance to the principal then remaining unpaid on said note.
<br />4. The lien of this instrument shall remain in full force and effect during any postponement or exten-
<br />sion of the time of payment of the indebtedness or any part thereof secured hereby.
<br />5. Ile will pay all ground rents, taxes, assessments, water rates, and other governmental or munici-
<br />pal charges, fines, or unpositions, levied upon said premises and that he will pay all taxes levied upon this
<br />mortgage, or the debt secured thereby, together with any other taxes or assessments which may be levied
<br />under the laws of Nebraska against the ;l,"Iortgagee, ar the legal holder cf 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 2 hereof, and he will promptly deliver the official receipts therefor to the I~Iortgagee. In default
<br />thereof the Mortgagee may pay the same.
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