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TO HAVE sera TO FfoLp the same unto the^ Mpr-tgagee, as he:•f>in pravirlecl. Rortgagor xapres<~nts to, and covenants -with,. the Mor•tgaga~a, tltat the Mor,)tgagor has gar,e! t•igttt to sell tend convey saiei premises; that `thcty are free ft•om encumbr.ince; er.cept as hereinother+vise recited ;that the Mortgagor will warrant and defend the same against the la+vful claims of all persons whomsoever. Mortgagor hereby rc. inquishes all rights of homestead, all marital rights, either in lativ ar in equity, and all other contingent interests of the Rortgagor in and to the above-described premises. PROVIDcD AF,rvAYS, and these presents are executed and delivered upon the following conditions, to wit: l~lortgagar agrees to pay to the Mortgagee, or order, the afaresaid principal sum +vith interest from date at the rate of Eleven and One Half per eentum (11.5 c) per annt!m on the unpaid balance until paid. The said principal and interest shall be payable at the ottice of Mortgage Plus Incorporated in Englewood, Colorado , or at such outer place as the holder of the note may designate in writing delivered or mailed to the .lIartgagor, in monthly installments of ltuo Hundred Forty Seven and 75/100: Dollars ($ 247, 75 ), commencing an the first dory of February , 19 IIO ,and continuing en the first day of each mi,nth thereafter until ~xid note is (ally paid, except that, if not sooner paid, the final l,ayment of principal and interest shall be due and payable on the first day of January, 2010 ; all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor. The Mort.gagar furt}ter agrees: 1. I{e will pay the indebtedness, as hereinbt•fore provided. Privilege is reserved to preps}• at any time, without premium or fee, the entire indebtedness or any part. thereof not less than the amount of one installment, or one hundred dollars ($100.00), whichever is less. Prepayment in full shall be credited ~n the date received. Partial prepayment, other than on an installment due date, need not be credited u_~til the next following inskalhnent due date or thirty days after such prepayment, whichever is earlier. 2, Together with, and in addition ta, the monthly payments of principal and interest payable under the terms oi'tlte note secured hereby, Mortgagor will pay to Mortgagt.•e, as trustee, f under tht• t.arms 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 any, next due, plus the premiums that will next be~c~ome due and payable an palicies of fire and other hazard insurance covering the mortgaged property, plus arses and assessments next due an the mortgaged property (alias estimated by the Mart- gagee, and of +~ hfch the Mertgagar is uatified) less all sn:ns already paid therefor divided by the numbs r of months toe}apse before aua month prior to the date when such gtound rents, premiums, taxes and assessments will be•co!ne delinquent, such sums to be held by Mortgagee in trust to pa}• said ground rents, premiums, taxes and spacial assessments, (b) The aggregate of the amomrts payable pursuant to subparagraph tct) and those payable on the, Hate secured hereb}•, s}tail b2 pai<t in a single payment each month, to be applied to the fot}ov+°- ingitems inthe order stated {t) gruurul rents, taxes, assessments, fire and other hazard fnsuranco premiums; (tt} interest on the note secuz•ed hereby; and (tu) amortization of the principal c,f said Hate. ny dehci~~ncv in the nmeunt of any such aggregate monthly payment shall, unless made goad by the ~lr=rtgagror prior tri the due date of the next such payment, etmstitate an event of default under this rnartgage. At Martgagee's ~-,trtif,tt, Mortgagor +vill pay a "laic charge" not exceed- ing fnLr prtz• cetrtntn I.1` ~~) irf any' irrsttil_1 nts?!lt lh`itt; it paid more than fifteen {',~) days ;Lt~2r ~? due dati~ thereof to cover the extra expense fuvotved in handiinsr delinatzant pa}>ments, butsu '"IatE- charge" shall Writ ba payable aut of the proceeds oi' auy sale made to sntisfy the indelzted- nass sc•t°ured hereby, unless such I}rar~•e~+1s aer• sutficietFt to dist~harga~ khc entire indebtedness and ail proper costs and expenses secured thereby. 3. If the total of the pa}-rnr:nts made by the Mortgagor under (a) of paragraph ".~. preceding shall exceed the amount of payments actually made by the ilfortgagea, as trustee, for ground rents, taxes and assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee an subsequent payments to 6e made by the Mortgagor for such iterrLS or, at Mortgagee's aptiart, as trustee, shall be refunded to Mortgagor. lf, hawcvt:r, such manthly payments sitnll net be suftirient to pay such items when the same shah become due and payable, then the Mertgagar shall p:ry to the Mortgagee, as truatttc, any amo.mt tzecessaty to make up the deficfartcy within thirty {30) days after written notice from the Mortgagee slating the amount of the deficiancv, which native may be given by mail. If at zuty time the Mortgagor shelf tender to the Mortgagee, in accardance with the provisions of the: note secured hereby, full payment of the entire indebterness represented thereby, the Mortgagee, as trustee, shall, in computing the amaunt of ,such indebtedness, credit to the accaunt of the Mortgagee any credit balance accumulated under the provisions of {a) of paragraph 2 hereof, If theta shall be a default under any of the pravisians of this tnartgage resulting in a public sale of the premises eoc°ered hereby, ar if the 14iartgagee acquires the property othe:•+r•ise after default, the ;4lortgagcs€, as trustee, sh~li apply, at t#te 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 ?preceding, as a credit an the interest accrued and unpaid and the balance to the principal then temainin,g unpaid on said note. 4. The lien of this instrument s}tttll remain in full force and effect during any postponement or exten- • lion of the time of payment of the Indebtedness or any part thereaf secured hereby. 5.'Hi3 frill pay all ground rents, taxes, assessments, water rates, and other governmental or munici- pal charges, flues, or impositions, levied upon said premises and that he will pay all taxes levied upon this mortgage, or the debt secure d thereby, tagether with any other taxes or assessments ~r-hich may be levied under the laws of Nebraska against the Mortgagee, or the legal holder of said principal Hate, on account of this indebtedness, except when payment far all such items has theretofore been made under {aj of para- graph 2 hereof, and he wilt promptly deliver the official receipts therefor to the Mortgagee, fn default thereof the Mortgagee may pay the same.