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~- '~G~.'741
<br />To HAVE AxD To HCILD [he same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and rcovenanta with, the Mortgagee, that the Mortgagor has good right to sell and eonueq said preroise~;
<br />that they are free frrnn encumbrance, except as hereinotiserw•ise recited ;that the Mortgagor will warrant
<br />and defend the same against the lawfz+l claims cif all persons whamsu~ever. Mortgagor hereby retinquishea
<br />all rights of homestead, a!1 marital rights, either in }asv or in equity, and aR other contingent interests of
<br />the Mortgagor in and t+r the abov~clescribed premises.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, t0
<br />wit:
<br />Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of Ten and Three ¢+arterper centum (lp, -ppy) per annum un 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 Hundred Thirteen&89/100t'.hs
<br />Dollars ($ 213.89 ), commencing an the first day of June , 19
<br />gp ,and continuing on
<br />the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final
<br />payment of principal and interest shall be due and payable on the first day of May 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 indeb4viness, as hereinbefnre provided. Privilege is reserved to prepay at any
<br />time, without premium nr feo, the entire indebtedness or 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 becredited- 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 will pay to Mortgagee, as 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) A sum r~quai to the ground r~nis, if any, next clue, plus the premiums that will next become due
<br />and payable on puficies of fire and other haiard insurance covering the mortgaged property,
<br />plus taxes xnd assessments next due on the nu>rtgaged property (ail as estimated by the Mort-
<br />gagee, and of which the Mortgagor is nutifi±•d) less xll sums already paid therefor divided by
<br />_ the number of months to elapse before our: month prior to the ,late when such ground rents,
<br />preiiitums, taxos and assek~rstrntr:r iiT ire-~•~rnx}ua~zt: such aunts-lobe field by lliortgagee
<br />in trust to pat' said f;rexind runts, premiums, taxes and special assessments.
<br />(b) The aggregate of the atruunts payable pursuant to ubparagraph (,rz) and those payable on the
<br />rtute secures,i he•rei,v, shall be paid in a ;logic payment reach month, to he applied to the follow-
<br />i agitems ut the order stated
<br />+,t) ground rr,nts, taxc~, aasesantents. fire and f.ther hazxrrl rnsurance premiums;
<br />r-,i) inter„st cut the note srx:urod hemby ~ and
<br />(tit) ~uuurtizatiuu of the }trinciltal r>i sakl ogre.
<br />:any detciency u: the.tzncunL of any such aggregate monthly p.+yment shall, unless made good
<br />by the ~ii,rtgagur prior to the dur= date of the nr=_xt such payment, constitute an event of default
<br />uruier ittis !~+ortgxge, :lt llrrrtgxKr- ~'s „ptiau, Atr;rt~rgor will Irxy a 'gate charge" not exrt~d-
<br />iug four ;x er~r;ttznt t~`~r) c>f any ittstt,l: raenL ti~ h,~n pairs more than 14fteen (15) days after the
<br />due ;ate the=r~tof ',a coce•r th~~ r-xtrx e~pensE~ im~vlvr~d itt irxn9Jing dF~hnyuent payments, butst+ch
<br />"late charge" shall not ix• hayabie out r,i the grru~ee~ds of au}• Salo made to satisfy t-he iudebted-
<br />ness scKau-ed hereby, unless Bach p+Krr~,is are sufficient to discharge the entire indebtedness and
<br />all proper costs +utd expenses serureci Lherebv.
<br />3. if the total of the gaymtents made by the Mortgagor under (a) of garxgraph 2 preceding shxll
<br />exceed the amrwnt of payments actually made by the Mortgagtti~, as trustee, for ground rei+tg, taxes and
<br />assessments or insurance premiums, as the rase may be, such excess shall be credited by the Mortgagee
<br />an subsequent payments to be made by the Mortgagor for such items ot•, at Mortgagee's option, as trustee,
<br />shall be refunded to Mortgagor. If, however, such monthly payments shall nut be sufficient to pay such
<br />sterns when the same shall become due and pxyable, then the Mortgagor shal{ pay to the Mortgagee, as
<br />t+•ustee, any amount gecessary to makr up the deficiency tit ithin thirty ( q) d;iys after tt•ritten notice ('rum
<br />the Mortgagee stating the a+rrount of the deficiency, which notice may be given by mail. tf at <tny time
<br />the Mortgagor shall tender to the Mortgagee, in xer:urdance frith the pruvis[uns of the note aecureu
<br />hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, :=hall,
<br />in computing the amount of such rode-t>teAncss, rresiit ifr t_h«r acuu,,t of the :4Surtgxgor:rny crc=.,it ba;ar;cc
<br />accumulated under rho provisions of (aj of lr++ragraph •3 hrreuf. if there shall 'rxa x default under any
<br />of the provisiarrg of this mortgage res+alting in a public sale al' the 1n•emises cuverErl hereby, or if the
<br />Mnrtgagc+e aeguires the property otherwise after default. the.l4ottgagrc', as trustee., ;hail apply, :xt the.
<br />tithe of the rr3rnmeneement of such prrsceedings, or at the tinter the property is otherwise xcquirecl, the
<br />amount then remaining tit credit the :iortgagor uruler to) r>f paragraph 2 preceding, as a credit ou the
<br />interzt accrued and unpaid and the tralance to the principal then remaining unpaid on said note.
<br />~. The lir•r, r,,f il+is irstrumerit she(! remain in full f+>rer an# effect during any -,xsttwzrerrient or exteu-
<br />sian rif the time of {cyment ut tl+e indebteslnsrss ur say part thereof secured hereby.
<br />.'s. I{e wiA pay all grt,urrd rect.,, taxecc, asarssutcnts, .+-ater rates, and :;ther K,wcrnr+tc~ntal nr itat+ttier-
<br />litt; €har#fea, fi:,c`s. <>r rmposittor~, iez~it;i ulxtr, said premises anti that he +s~:tl ;:ay ail tsars levied uprxr this
<br />mcrit,age, Ur tlb~ d.•bt sca;ur•~d theratry, t,tgr,=flier xitlt atiy r;tF,er faxes ~ r =thsrt&.5ttnrirt3 ~+lrr, fr nray Iw ie~vi.=el
<br />uudrrthg134w>¢o1'tiePrrz~xkzaago:rr:etti3ti~:4turtga~r,,,vt t.h._,:`ega.'~az~dticr.,i sat.i 1•eir:r;t;*! nr.tr~,:.n account,,{
<br />t.li t!< irll~t~`l3Ltir'3 n.~xe, r,JEd`@j«t aw.,''(aen rosy m6':at =rif :tlf HU: it itF=nlh hi+n ~'r~ri~t+;[ -, _ _._ - y-.. „ l.,r :'Z) r., 1),~rit-
<br />gr'alNt',: lter€~,f, tar„1 h= x¢;f t3ru+npSly d~irv~ ?.Ire ~:Eftrtai *r~c Irta ±i,,,t«, r .. t1r ~ ;1rr=tgaK.~-. In default.
<br />tlser~-„(ttu f~l!.Yt.~i}y;a~: ;rw} f«++y tirr:rdrrr+~
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