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To Flaw nxn To HOLD the same unto the Mortgagee, as herein provided. Iviortgagor represents to, and covenants with, the Rortgagee, that the tiiortgagor has good rigttt to sell and convey said premises; that they are free from encumbrance, except xs herein=rtl:ere~ise recited; that the Mortgagor will warrant and defend the same against the lawful claims of x11 persons whomsoever, Mortgagor hereby relinquishes all rights of homestead, all marital rights, either iu lazy or in equity, and x11 other contingent interests of Ube Mortgagor in and to the above-described premises. PttovmID ALWAYS, and these presents are executed and delivered upon the following conditions, t0 wit: Mortgagor agrees to pay to the Dortgagee, or order, the aforesaid principal sum with interest from date at the rate of Thirteen per centum (13. Qc) per annum on the unl .vd balance until paid. The said principal and interest shall be l~yabie at the otlice of Mortgage Plus Incorporated in Englewood, Colorado , or at such other place as 'the balder of the note may designate in writing delivered or mailed to the Mortgagor, in monthly instalhnents of Four Hundred Fifteen and 13/100ths Dollars (~ 415.13 ). commencing on the first d<t}- of Meg 1980 ,and continuing on the first day of each month thereafter until said note is frilly paid, except that, if not sooner paid, the final payment of principal and int: rest ,hail be due and liayable on the first day of Agril X010 ; atl according to the terms of a certain. promissarc note of even date herewith executed by the said Mortgagor. The Mortgagor further ag,t~es: 1. He will pay the indrbtz~.iness. as hetY•inlxforc provided. Privilege is reserved to prepay at any time, without premium or fc~c, the entire indebtti~clneac or an}• part thereof not less than the amount of one in-,tallment, or one hundred dollars ($ig0.00), whichever is less. Prepayment in full shall be credited on the data received- Partial prepayment, other than on an installment due date, need not be : redited until the nest following installment due date or thirty days after such prepayment, whichever is earlier- '?.. Together with, and in addition to, the moirihiy payments of principal and inier`est pay ~b,r u,iue'a' the terms cif the Hate secured hemby, Mortgagor will lixy to btortgagt~e, as G•ustee, (under the terms al• this trust ss bereinafter stated) on the first day of each month until said note is full}- paid: {a) A sum equal to the ground rents, if ,utc, next due, plus the pmmiurrts that will next became due and parabl. un tiolicies of fire and other ha::ard insurance catering the mortgaged property, plus totes and assessments next due on tl;e mortgaged property (all as estimated by the Mort- gagee. and of whizlr the Mortgagor is notified) less all sums ahead}' Maid therefor divided by the numbFr of months to ~ lapse Before inn m,anth prior tit the date when such ground n>nts, prettriuzn_s, taxes and as~essntents kill i,ecante delinquent. such sums to be held by Mortgagee in Trust to pa>' said g:•s~ttnd rents, premiums, taxes and special assessments. {t~) 'tote aggregate i,i the amtaunt, payable pursuant t{~ subparagraph f a) and tltase payable on the note srrun d la,~r~•l,c, sha31 i~ Ii:rid iv :t ;isjgi~• payment rac•h month, to be appliec't io the follow- ingitems in the order stated tt 1 stri~uttd rents, taxis. a.~~c'S~mentS, ,irx and „then 3txxard insurance premitnns; ! tt l tnterest r,n Chi=note secured hereby ;and ltit) anxirtiration of the prir,eilra] of ~d note. 3ni denrienrc iu v'a.° camonnt ,>f ra~c such aggregate monthly payment shall. unless made gaud ity the Mort~,agoa ps-ir+r ?o the due date of the r_eei .uch payment, r-onstitute an event of default under this mortgage- At 9iortgagc-e's +:~ptic:n, _llortgager will pay a "late charge'" not exceed- ing f+-u c ;~-r :~•nt um t I': l ai anc install mt nt t. hen paid mare than fift~n (lh) dar-s after the due darn iheritiif to cover Lhe ~ xtra expense inyolyed in hamlling delinquent payments, but such "late cl-iargr ' wail not 1~- ;gay alih= ,gut ztf ilte- pt•~~15 of attr sale made tz~ satisfy the inclebtwl- ness sc~c urr:l l,er z~Uy, unless such lir~mt~ds ar=~ -collie lent to discharge the entire indebtedness and all proper tracts and expenses secured thereby. 3, If the txitat of tree payments made by the Mortgagor under (a) cif par,:graph "preceding shall exceed. t~ amount of ftaymettis actnalty rtsade by 'the Mortgagee, as trustee, for ground rents, taxes and asaet~ettta ar it3saraam pr~niuma, as the rasa mat be, such escess shall be credited by the Mortgagee an sabeegs~+t pat'~~ tat be made by ttte 3+torigagor far such items or, at ~tortgagr e.'s option, as trustee, sisatt be refutaded to Aicxtgagor_ If, hoe-eyrer, such monthly payments shall nat. be sufficient to pny such itx~s *~ #Le name shalt became due and payabk Lhen the Mortgaagor shah pa;• to the biorigagee, as trustee. any ateount r:aeetswt•}° to make up the deficiency within thirty ldt3) days after ii-rit2en notice from the ~ statitag the amount of the deficiency, which notice may be given by mail. If at any time the ][~sgtu' shall tender to tare ]kiartgzgee, is accot~iance with the proy~sians of the note secured tom, .^gtt payment of tl4e t~trtare ind~tedaess repmsanted t%rereby, the Mortgagee, as ~•nstee, shall, is ir„g the amoami at# such i~~~ Credit to the accannt of the ~Sortgagor any credit balance a~ Hader the prarisions of {a} of Paragraph ? hereof, if therve shall be a default under any ~ thie p~vi~ona of this mai3gag+e resulting in a pnhlic sale of the premises covered hereby, or if the ~ acqutres #h,= prap2rtS othetsrise after default, the Mortgagee, as trustee, shall apply, at the time of the t of stub ptoc~+dinga, or at the time the property is athencise acquired, the amOVnt tt1eH t>ElnaiRlO,~ to C3'i0dlt tl'H2 IiCtil4~ja$'Qr LLnde3 {a) of paraggraph. M preceding, a9 a Credit an tlt8 interest aeeroed amt unpaid sad the balances to the principal then remaining unpaid on said note. ~ The l~r of this instrument shall remain in full force and efTect during any ,wstponement or exten- sion of the time of payment of the indebtedness ar any part thereof sEeuz ed hereby. 5. He wili:p$g all ground rents, ta*~:~, assessments, Water rates, and other governmental or munici- pal charges, fines, or impasitiotts, levied upon said premises and that he will pay all taxes levied upon this mort~e„ or t$e debt secittred thereby, together with any other taxes or assessments which may be levied under thelawa of Nebraska againstthe Mortgagee, ar the legal holder of said principal note, on account of ihia indebtedness, except when payment far all such items has theretofore been made under {a) of para- graph 2 hereof, and he will promptly deliver the a8icial receipts therefor to the 3iartgagee. In default thereof the Mortgagee may pay the same.