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<br />To HavE nxn To Hor,O the same unto the Mortgagee, as herein provided. Mortgagor represetas W,.
<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 hereinotherwise recited; that the Mortgagor will warrant
<br />and defenc] the same against the lawfid claims of all persons whomsoever. ,Mortgagor hereby relinquishes
<br />all rights of homestead, all maraal rights, either in law or in equity, and all other contingent interests of
<br />the D{ortgagor in and to the aboee-described premises.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to
<br />a~it:
<br />Mortgagor agrees to nay to the bortgagee, or order, the aforesaid principal gum with interest from date
<br />at the rate of Thirteen per certain (13. tryb) 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 ;1~Tortgagor, in monthly irstalhnents of Two Hundred Ninety Six and 68/100
<br />Dollars ($ 296.68 ), commencing mt the first day of May , 19 80 ,and continuing on
<br />the first day of each month thereafter mail said note is fully paid, except that, i'f not sooner paid, the final
<br />payment of principal and interest shall be clue and payable on the first day of April 2010 ;all
<br />according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />L He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, the entire indebtedness or any part thereof net less than the amount of ona
<br />installment, or one hundred dollars ($100.00), whichever is less. Prepayment in full shall be credited on
<br />j the date received. Partial prepayment, other than an an installment due date, need not be credited until
<br />the next following installment due date or thirty days after such prepayment, whichever is eazlier.
<br />2. Together with, and in addition to, the monthly payments of principal and interest payable under
<br />Ithe terms of the note seeuz•ed hereby, Mortgagor will pay is Mortgagee, us trustee, (under the terms of this
<br />!!trust as hereinafter stated) on the first day of each month until said note is fully paid:
<br />(¢) A sum equal ii the ground rents, if any, next rlue, plus the premiums that will next become due
<br />and payable nn policies of lire and othe=• hazat•d insurance covering the mortgaged property,
<br />plus taxes and assessments next dtte nn the mortgaged property (all as estimated by the Mort-
<br />gagee, and of rtiziclr the l1{orlgagor is notified) less adI lams already paid therefor divided by
<br />the number of mouths to ulapsc beAn a one month r+r•ior to the date tahen such ground tents,
<br />premiums, taxes and assessments u~il) ba?:ome delinquent, such sums ko be herd by Mortgagee
<br />in trust to ptq° said ground rents, premiums, tales and special assossments.
<br />(G) Th+' aggregat~• <,t th. ttniunts pagab4• put naut t? ubn aragraptt (cr) sod those payable on the
<br />~ ~~ ~~ ~. note secured herchr. shall ho paid ttt a zngh• pay nt nt each month, to he applied to the 1olIow-
<br />i
<br />ing items in the order stated
<br />I (t) ground routs, taxes, asses,urents, fire and ither itarard insurance premiums;
<br />(if) nd •re.,t uu the not?, secured hcr••bv ; arcs
<br />(tti} azzzoetizzttinn stf the prnrcipai of xaidnote.
<br />Anv deh _t.•c,~~v in rh,_,:a_.,n[uztr,f :tr„• zt,•p „ ,.,•c.,r, t , „ rtii . ..~ .. . t ,r
<br />~•t.t :.tt.r~...y pay-m~r.4 shad, uz..ess trade gouts
<br />I by the ~]ortgagor pt ior~to the due dato ul• tht~naxt suelr paym?~gt, c••nvtltttte an a'u'nt of default _
<br />uudt•r tLis nun•tgxge. ~\t Stortg,rgee•s ~,ption, \lortgngor will pay a "late charge" nut exceed-
<br />. ing four per centmn (d• F) of :wy iustallnmut rt'hcn paid more than fifteen (IS) days after the
<br />' due date thereof to covar the exlea expcuse inru!vrd iu h.uallingdcliuqueut payments, buC such
<br />"late charge" shall not be payable out of the proceeds of any sole made to satisfy the indebted-
<br />ness srr~nrcd ha~rcby, unless such prucecfis arc sutiicieut to discharge the erttit•e hulePtedness and
<br />_ all printer costs and expenses sa•ured th~•re:by.
<br />3. If the total of fire payments made by the Mortgagor tinder (a) of paragraph 3 preceding shall
<br />exeee<1 the amount of payments actually made by the Mortgagee, as trt:stee, for grauud rents, taxes and
<br />assessmerzia or insurance premiums, as the case may, tze, such excess shall be credited by the Mortgagee
<br />on subsequent payments to be made by the Dortgagor fm• suc{t items or, at lV{ortgagee's option, as tz•ustee,
<br />shall he refunded to 3tur•tgagor. [f, however, such monthly payments shalt not he sulticient to pay such
<br />sterna whop the same shall ber:ome due and payable, then l.ho Mirtgagtn• shall pay to the Mortgagee, as
<br />tt•uatee, arty annowtt nece_ysary to make up the defciency within thirty (34) days after written notice from
<br />rho Mortgagee stating the amomrt of the deficiency, which notice may be given by mash tf at nay time
<br />the Mortgagor shall tender to the Mortgagee, in accot-dancc with the provisions ofi the auto secured
<br />horoby, full payment of tha entire indebtc,{ness represented thereby, the ,5{artgagee, as trustee, shall,
<br />in computing the amount of such uuiebtedness, credit ttr khc account of rho Mort agar any crec{it balauee
<br />accumulated under the provisions of (a} of paragraph '3 hereaf. if there shalt be :t dafault under any
<br />of the provisions of this mortgage resulting in a politic sale of the premises caeereti hereby, rir if the
<br />~{ortgagie trey;uires tho property otherwise after elefuult, the ~{ortgayet•, ,rs trustca„ shall akply, 3t the
<br />time of the commencement of such proceedings, ot• at the time the property is otherwise asquireti, the
<br />amrtunt thetz remaining to credit tho Mortgagor under (n) of paragraph 2 t>rc~cciing, :ts a r.ralit nu the
<br />interest atncrued and unpaid and tha k~zalance to the principal then remaining uniwid on said note.
<br />d. The lien of this instrument shall rPntairr is full force and clfea!t during any postponement a• exien-
<br />siort oft}retime. of payment of the indebtedness ur any part Utereot" secureii hereby.
<br />~. He will pay all grntnui reuty, taxes. assessntrnis, ccatet• rates, and other yova•rnmerrt.al nr rnunici-
<br />pat charges, fine,., nr impositic.as, levied upon said prt.ntises and that he will pay all tams ]evie~d ulwn this
<br />martga~, ur tha ;lebt se~'urecl l.hcr•eby, tugethor with any atlrer Gtees a' auasc~•tnrrnts whiciz nrzty he le--vied
<br />antler tint tawx of ~: ehr•rtshnt agar nst t he, At n rtgaytae, cn• the lcgztl ltnlde r if ,arid pri nci p:d nutE~, un accaurt of
<br />this ]ndet'~virie±wg, r,-xcept when payment for sit lucre items hss there~tefere her>n made un,ie=r tn't of para-
<br />graph `~ hercvrf, and he will lnomptly dr~ht<.z~ the nil:cial resailrt+ therefor to the Siirtg:ri:re. In default
<br />lheeeuf the Mvrtgagca~ may ('+ay t}ia^ •a2nta•.
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