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<br />To HAVE Atvn To IIoLn the same unto the btortgagse, as herein provided. Mortgagor represents to,
<br />and covenants tivith, the Mortgagee, that the 3ortgagor has good right to sell and convey said premises;
<br />that thep are free from encumbrance, except as hereinotherwise recited ;that the 3iortgagor will warrant
<br />and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, either in law or in equity, and all other contingent interests of
<br />the iVIortgagor in and to the above-described premises.
<br />PeovtnEO ALWAYS, and these presents are executed and delivered upon the following conditions, to
<br />wit
<br />i41ot•tgagor agrees to pay to the bortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of Thirteen per centum (13. tryc) per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of mortgage Plus Incorporated
<br />in Englewood, Colorado , or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the Mortgagor, in monthly installments of Two xundred Ninety Six and 68/100
<br />Dollars (~ 296.68 ) ,commencing on the first day of may , 19 80 ,and continuing on
<br />the first day of each month thereafter until said note is ful]y paid, except that, if not sooner paid, the final
<br />payment of principal and interest shall be due and payable on the first clay of April 2016 ; a!I
<br />according to the terms of a certain promissory note of even date heretaith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He will pap the indebtedness, as herciubefore provided. Privilege is reserved to prepay at any
<br />time, without premium or tee, the entire indebtedness m• 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 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 />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 tviIl pay to Mortgagee, as trustee, (xmder the terms of this
<br />trt}st as hereinafter stated) on the first day of each month until said note is fully paid:
<br />(ir} A swn equal to the ground cents, if any, nest clue, plusthc premiums that will nest become due
<br />and pavable on policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due ~-m ti.e mortgaged property (all as estimated by the Mort-
<br />gagee, and of tt hich the Mortgagor is notified 1 less all sums already paid therefor divided by
<br />the number of ntmtths to elapse before one month prior Co the date when such ground rents,
<br />premiums, tales and assessments «~itl hecon'n• delinquent, such sums to be held by Mortgagee
<br />in trust to pat said grouncT rent:. premiums, tales and special assessments.
<br />(b) The aggregate nC the amounts payable ~uosuant io subparagraph (a) and those payable on the
<br />note sec°ured he=reb~-, shall b~~ paid in a singi~~ pa}'mc~trt ~-ash month, to be applied to the follo~c-
<br />utg itt+nt, i n tl;e order stated
<br />1 t} ground rents, taxes. ass~:~snreuts, bee and oihet• hazard insurance premiums:
<br />rttl interestoatltenotesecurc!lhcreby:and
<br />', (tit) anuu-tizatiun of the lu-incipal ~5f said note.
<br />I Any delicieney in the amatnzt of a:t,E sueit sFrrt,sate mcytthly payment ahal4 unless made goo<I
<br />~, th+_ ll t `„aril.-r Ic i~-,r tt t , due d r t `she zt such t~aytnorrt, eonstihtte -.tt event of default
<br />under this tzLitg:tg~-_ ;Lt tlc~rtgat: e ,ta~~,tt, \l~~ri;;u ur t~~il{ +:;~4• at "fate vltarge" net vxc~e~l=-
<br />ing four per ceuturn {4': } of any insttdl nic•tit a hen raid moor than fifteen t lr) days alter the
<br />due date thereof ht curve the rs: ra ex pcvisc• involved nt handling deluuluent pavments, but such
<br />"late charge" shall uuC be pa~~able out of tlw proceeds oC nny' Salo math to satisfy the imtebted-
<br />ness secured hereby, uutcss such proceeds arc sutllricni to discharge the entire indebtedness and
<br />all proper costs and expenses secured .therebp_
<br />3. If the total of the payments made by the :Llurtgagnr under (u) of paragraph '~ preceding shatll
<br />excoed the amount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes dad
<br />asses.-menu or insurance premiums, as the caee may be, such excess shall be credited by the Mortgagee
<br />ort subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee,
<br />shall be refunded to l~iortgagvr. tf, however, such mnntttly payments shall not be sufficicttt to pay such
<br />items when the same shall become due ewd payable, then the Mortgagor shill pity to the Mortgagor, us
<br />trustee, any smouut necessary to make up the ~ieficienc;v tt°ithiu thirty (dt_i) days after tvrittcn nukire frrm
<br />the Mortgagee stating the amowtt of the deficienev, which notice nwy be given hp mail, if at troy time
<br />the Mortgagor shall tender to the Mot•tgugee, in accurdanre with the provision, of thy, rake secured
<br />hereby, full payment of the entire indebtedness represented thereby, khe Mortgagee, as trustee, shall,
<br />in computing the amount of loco indebtedness, credit to the account of tlxe Mortgagor atLV cx?~dit halanc«~
<br />accumulated under the provisions of (a) of parag-eaph '~ heruui•. lt' there shall be a default under any
<br />of tho provisior>_s of this 'mortgage resulting in a public sale of the prenxisrs covered ttcrrrtzv, or if the
<br />Mortgagee acquires the propert~z otherwise after default, the Mortgagee, as h•ust~r, shall apply, at the
<br />time of the comntettcement of such proeeedittgs, er at tho timut the luYrperty is otherwiut acquired, the
<br />amount then remaining to credit the Mortgagor under (a) of pza•agraph'2 preceding, as a coedit on the
<br />interest aecrttcd and unpzcid and the bzdance to the principal then rc~mainxttg unptud un said note.
<br />4. The lien of this instrument sPtall mntuin in full force and vtfeet during any pi>stponi•xm~nt or extru-
<br />sion of the titre of payment of ttte indebtedness or any part thereof secured hcrcby.
<br />.,. Flo will pay a!i gt'uuud rents, titres, ttsser~mettta, Natar rates, and outer ytucctrntueatal Err nuruici-
<br />{,al charged, Eirtcs, cr impusitinns, irtiied upmt s.•ud premises arttl that ho wilt pry- all taxes lcvicd upon this
<br />ruoetgag+:, ur tttc debt securc.t thet•eby, together with any other taws or assessurerts achiclt may be levied
<br />under the tags of \ebraaka.egainst LheMortgagee, or rho legal holder ai' ~tid princtpa! uot,•, un :u•ev>Unt of
<br />this ittdeE3tedut~~a. except tr~hen paymuut for all such items hex there~Yofore bc~c^ merle andt~r t¢) of I>xara-
<br />graptt ',~ t ~t •uf, and rte will nrontpth dehtc-t' thc• otFieial receipts therefor t,_ ohs )lot'tgatee.'. to defattlr
<br />thera:,af the MurlgFtgec stay tray tltc. satnc.
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