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<br />TO HAVE ,artD To llol,n the same unto Lhe Mortgagee, as lti~rein provided. 1Nartgagar represcrnts to,
<br />and covane~ints with, tY;e Mortgagee, that tlte'M«rtgagtl'sr has 1;«:;r',tal ri,ghtta sef} <tnd erJtn>ey said pruznisca;
<br />that tlteay~ az'e free from cmeumbrance, except asherei~~nottter+urise recited; that't4te Mortgagor cvi11 wazmatztt
<br />and defend the same against the la+vfu] claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, either in !aw or in equity, and all other contingent interests of
<br />the ii2artgagor in and to the above-described premises.
<br />PROt%tDED P.t,tvnlrs, and these presents are executed and clelivercd upon the following conditions, to
<br />w-it
<br />Mortgagor agrees ti pay to the Mortgagee, ar rrder, the afm•esaid principal sum with interest €roz;, date
<br />at the rate of Eleven and one half per centum ~1. 5 ~-f) per annum on the unp:ud balance until paid.
<br />The said principal and interest shall be payable at the otlice of ^lortgage Plus Incorporated
<br />in Englewood, Colorado , ar at such other place as the holder of the note Wray designate in
<br />writing delivered ur mailed to the -[ortgagvr, in monthly installments ofThree Hundred Twenty Two and
<br />08/100th}~ollars ($ 322.08 ), cotnmenc•ing on the first dxy of Alarch , 19 80 ,and continuing on
<br />the first day of exch mcarth thereafter until said note is fully- paid, except that, if not sooner paid, the linat
<br />payment of principal and interest shall be due and payable on the first day of February 2010 ;all
<br />according to the terms of a certain promissory note of ecen date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />I. He will pa}~ the indcbtr•dness, as horeinbefure provided. Privilege is reserved to prepay at any
<br />time, without premium ur .•ac•, the ontire htdcbiodness nr any pact thereof not less than the amount of one
<br />installment, or ane hundred dollars ($100.00), whichever is less. Prepayment in full shall be credited on
<br />the date received. Partial prepayment, other than on an installment due date, need not be credited until
<br />the next following installment due: date or thirty days after such prepayment, whichever is earlier.
<br />L, Together with, and in addition to, the monthly payments of principal and interest payable tinder
<br />the terms of the note secured hereby, 14fortgagor will pay to Mortgagee, as trustee, (mixier the terms of ibis
<br />trust as hereinafter stated) on the first day of each month until said note is fully nail
<br />(a) A sum equal to thr ground rr:nts, if any, next due, plus the premiums that will next become due
<br />and pa~•abk on policies of fee and other hazard insurance covering the mortgaged property,
<br />plus taxers surd assessments next due on the mortgaged property (alt as estimated by the Mort-
<br />gagee, and of which the Mortgagor is notified} less all sums already paid therefor divided try
<br />the number of months to elapse before one month prior to the date when such ground rents,
<br />premiums, taxes and assessments gill become cleiinquent, such sums to be held by Mortgagee
<br />in trust to pay said ground rt:nts, premiums, taxes and special assessments.
<br />(b) The aggregate of the amounts payable put•suant to subptu•agraph (a) and those payable on the
<br />note secured heeekr}•, shall be paid in a single payment each t:_anth, to be applied to the follorv-
<br />ingitems inthe orderstated
<br />(t) ground rents, taxes, assessments, fire anti athet• hazard insurance premiums;
<br />(tt) internstunthenatesecut•edhereby;and
<br />izzt) amortization of the principal of said Hate.
<br />Any dciicienc~° in ehc atnuusrC of any such aggregate monthly payment shall, unless made gcwd
<br />by the Startgai;rn- prior to the due. Batt: of the next such payuuvtt, constitute an event of default
<br />under utis nttartgage. ~1t Martgagc,e's option, Mortgagut• wilt pay a "late char" Hat er~ceed-
<br />ing f•,t?r tt€•r ceutttm f-l~;-) of .?t• install tnt=t:t ts•1tE=n paid more thatn fifteen (I:i) da}=s after the
<br />duo date thereof to saver the extra expottsa [uuulved i>ilt~tdlingr!'r~lirtclu:~tttl><:yntents, but such
<br />"late charg~%" shall not be pa}•able nut of the prueeedc of any sole tnad+~ to aatisfv the ind~,~ted-
<br />nesssecured itert~6y, uttk~ss such procot do are sutticient to discharge the, entire indebtedness and
<br />all proper costs and expenses secured thereby.
<br />3. If the total of the payments made by the Mortgagor under (ct) of paragraph ~ preceding shall
<br />exceed the amount of payments actually made by the Mor2gitgcr, as trustee, fur ground rents, taxes and
<br />nsaessments or insurazce premiums, as the case may tee, such excess shall be credited by the Mortgagee
<br />un subsequent paymentst to br made by the hiartgagar for such items ar, ttt DTortg:tgtte's option, as trust.re,
<br />shall be refunded to BTartgagor. If, however, anch monthly ltxtyments shall Hat Ue sufltcient to pay such
<br />items when the same shall become dug and pnyab}e, then the Mortgagor shall pay to the Mortgagee, as
<br />trustr~e, any amount necessary to make up the deficiency within thirty (:10) days after written notice from
<br />the bfartgagc~ stating the amount of the deficiency, which notice may be given by mail. If ut any time.
<br />the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the Hate sectored
<br />hereby, furl paymcttt of the entire indebtc~cTnest represented thereby, the btartgagee, as truate~, shalt,
<br />in computing the tttnaunt of such indebtedness, credit to the accruutt of Ute Mortgagor any credit balance
<br />accumulated under the previsions of (a) of paragraph 2 hen:uY. If tltert~ shall be tt default under any
<br />of thtt provisions of this mortgage resalting azt a public salt; of the premises coverc~rl hereby, or it" tltc
<br />Mortgagee acquires the property otherwise after default, the i4Tortgat,Yee, :is truster, sha-i 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 (cz) of paragraph ~ praceciing, as a credit on the
<br />interest accrued and unpaid and the balance to the principal then remaining unpaid an said note.
<br />9. The lien of this instrument shall remain in full farce and effet;t during any postponement or etctcm-
<br />sion of the time of payment of the indebtedness ar any part thereof secured hereby.
<br />5. T-Te will stay all graunci rents, taxes, assessments, water rates, and other goverumeutal or munici-
<br />pal charges, fines, or imposikious, levied upon said premises and that he will pay alt taxes levied upon this
<br />mortgage, or the debt secured thereby, together with any other taxes ar assessmonts which may be levied
<br />under the laws of Nebraska against thtt Mortgagee, or the legal holder of saki principal note, on account of
<br />this indebtedness, except when par'n•.ent for all such items has theretafare been made under (a) of para-
<br />graph hereof, and he +vill promptly deliver the afticial receipts therefor to the :Mortgagee. Ir. default
<br />thereof the, Mortgagee mtty pay the same.
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