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<br />To HavE aNB To HoLV the same unto the 1lfortgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, the- Mortgagee, that the Mortgagor has good right to sell and convey= said premises;
<br />that they are free from encumbrance, except as hereiuotherwisc recited; that the liiortgagor will warrant
<br />and defend the same against the lawful claims of all peesous tvhomsoevar. Mortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, either in late or in cquit}, and all other contingent interests of
<br />the Mortgagor in and to the above-desc3•ibed premises.
<br />PRpVIBEB ~Lw'A1'c. and these presents are exxuted and delivered upon the following conditions, to
<br />wit
<br />'Mortgagor agree. to nay to the Aiurtgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of Eleven and one half tree centunt (11.50 PE r annum on the unpaid balance until paid.
<br />The said principal and interest shall t>< payable at the oltice of Mortgage Plus Incorporated
<br />in I~tglesaood, Colorado , ar at such other place as the holder of the note may designate in
<br />writing delivered ur mailed to the. \lortgagar, in monthly installments of Four Hundred Sixty Three and 79j10t
<br />Dollars ($ 363.79 t, controenring on the first day of March , 19 gp ,and continuing on
<br />the first day of each munt4 thereafter until said note is fulh• paid, except that, if not sooner paid, the final
<br />payment of pritmi.pal and interest shall be due and t><ayable on the first day of February , 2010 ;all
<br />according to the terms of a certain promissory note t;f even date herewith exe:;uted by the said Aortgagor.
<br />The Mortgagor ft;rtitcr agrees:
<br />1. He will I~>- the indebt.tilniss. as het•einbifure provided. Privilege is reserved to prepay at an>.
<br />time, n•ii?xaut prentii;nt nr f.:. the irtire indebtedness ur any 1>iu•t thereof nut less than the amount of one
<br />insisiltnent, or one hundred dallies (5100.00), whichever is less. Prepayment in x`ull shall be credited on
<br />the date received. Partial prepayment, outer than on an insudlment due date, need not be credited until
<br />tbe nest follovrittr installment due date or thirty days after such prepayment, whichever is earlier.
<br />2 Tagether n•ith, and in addition to, the monthly pa>mtents of principal and interest payable under
<br />fhe terms of the Hots secutYd hereby, Aiurtgagrtr will pay to Mortgattn~e, as trustcti:, (under the terms of this
<br />trust as hereinafter stated) on the firs: day of each month until said note is fully paid:
<br />(at-) ~ sum eq•,tal to the grwrd rents, if any, ntixt dne, plus Ltte prcmlums that tviH nest become due
<br />a*td payable t:r. ixtlieies of fire and otkir hazard iustnanci covering the mortgaged property,
<br />plus taxes and as.~ssments na~-i due on fire mortgaged property (all as estimated by the Mort-
<br />gag~ and c,f trhich the Mortgagor is notified) less all sums already paid therefor divided by
<br />the numl,er of ntunths to elapse Lx•fare one month prior to the date vixen such ground t•unts,
<br />premiums, Sales and asseesmettis tvili )x come dclingaent, such sums to be held by Mortgagee
<br />in trust to pa>• said mound rents, prc•miun;-:,taxes and special assessments,
<br />(I,) The aggttgate z,f the antounis payable pursuant to subparagraph (tt) and those Iwyabie an the
<br />note srrm-c.i herclt~, shall bi paid in a single payment licit month, to be applied to the fullotr-
<br />ing items in the order stxfed:
<br />tt) gt~t~und rent3, tales, assessments, fire and othe~• haz.9rd insurance premiutna;
<br />tn) intetkstonthe-noteseruri~tthenby-;and
<br />ttil) anx~a9izatii+n of rite= prietripal of said note_
<br />~np deiict. x; i in the, atnt,unt ,f anv sorb aggregttc monthly payment shall, ualeas made gaud
<br />try trio iic,rigagnr prier tc. the dui date „f the ttc=xt such lattyment, cc+nstitute an evt'nt of defauli
<br />under tl•.is ntut•tgage_ ~t '_liottgagc•i`s caption, \iorigagur will pa}• a "late char'" not exceed-
<br />it.g four per eetitctn t3tr) of am installruent tv)ten paid more than fifteen (IS) days after the
<br />d;~ da°tt the.rt;f t co:•er tl:e rltr4 exp<nsv inv_>f:>•i1 iu handlingdelinGuentp:s:r,€txts, ltutsuch
<br />"late rkarge" shall not Ire pa,•t-able ottt of t.hc• pruec~ris of and- wle made to satisfy the indebted-
<br />news ~;.q•ur~>,31,c•reb}°, unlrsc ,uch priKri~~xs are suti'i it•nt io discitargr tltr entire indebtedness and
<br />all proper tx,sts and exp,:nses sr-lured thereb~•,
<br />9. If the fatal of the Pa}zaenta made by rim Mortgagor under (n) of paragraph ? preceding shall
<br />ettc+ted the atrxaunt of pa~-tnenta actually made by the Mortgagee, as trt>wgtt~a, fnr ground rents, taxes and
<br />aeatts or ittsuran~ pt•emiutns, as the caste may be, sorb excess shalt be credited by the Mortgagee
<br />on stthsegrxnt payments to bz made by the Mortgagor for such items ur, at Mortgagee's option, as trustee,
<br />shall rte refunded to Mortgagor, lf, however, such monthly pspmenis shall not be sufficient to pay such
<br />iitanss zrate3s the same shall baeotae dun and payable, then the Mortgagor shall pap to the liurtgagee, as
<br />trt:sst~, aa_r axuauat taetxasarv to tttake up #ise .3._^facienr x-ithin thirty I d{i t da>•s after written notice from
<br />the Aittrtgageee stating tare amount of fire de$eiency, which nonce rosy be given by mail. If at any time
<br />the ?+[ortgsgor' shall tender to the Mor-tgag+ee, in acr-,trdaricr avith the previsions of the note secured
<br />hes+e2ts, toil payment of Ilse entire sndebtsdaess represented thereby, the yicrtgagee, as trustee, shall,
<br />is ~gutigg the amentnt c+f sttclt indebtedness, credit t4 the acaun# of the Mortgagor soy credit balance
<br />aslsted tsttder rate previsions of (o) ctf paragraph''. hereof. If there sha31 be a de€ault under any
<br />of t~ #isiaaa, ai this snot#gagv resulting in a public ::ale of the premises covered hereby, or if the
<br />7[ortgagee saquinsa the property ather•wise after default, the Siot-tgagec•, as trustee, shicll apply, at. the
<br />tatge ol` :ate cxancmrse©i of sueit prtxx,udings, or at the time the property is utlteru-lee acquired, this
<br />aEprwai tbea remaining tt+ eradit the Mortgagor uader (a) ui paragraph 2 precavling, art a credit on the
<br />ittTrre>si arxrved and unpaid and the t>~alanc'e to the principal khen mtnainitxg unpaid stn said Hots.
<br />4. 'i'l~ lies of ibis instrument shall remain in full force and effort during arty ~„tiwuetnent or exten-
<br />sitsn ctf t4se tithe of pa}-mxtat of C#te indebt•edtteas ar any part there~tf secured hereby.
<br />';. $e t+rTl~ pay all gruuod yenta. taxes, asst'sarnr-tsLs, water rates, and other goo°t+rnmetxcal nr munici-
<br />pal clsargea, fines, or impusiti°tns, levied upon said premises and that )tc will pas' :tlf taxes levitnl upon this
<br />tnort;a~, tcx• the debt secure-ti thettrebp. together with an} artier taxis pr aseex4ntrnt;. v, htrh ens}' he leviwi
<br />ttstsiezth+ela~caaf 13etsta.5ka agaiasttlte'Mortgage~, ur the legid htrldrr ,rf said ttrtnr ipsl not,,. +,n a,°caunt ofi
<br />thYS irmtlrLSndness, exctypt t*'hcm )xayz•:-gat fur all such itemx has ther.rt,d'r+rr,• lay, ;i rrtaclt• ,anil,•r- ta) t,f )tars-
<br />graph 2 herto€, arse fie a•i!1 prampt,ly cletivsrr trio uffkial rt-+etlrts tits:-afar to 'he SJrrrt~K-.tg,'.'. In .i,~friult
<br />thcrexsf ttta Mort,:+x may pay the same.
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