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<br />To HAVE non To lior_~ the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, the Mortgagee, that the 3lortgagor ttas 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 defend the same against the lawful claims of ail persons whomsoever. Mortgagor hereby relinquishes
<br />all rights of homestead, all marital rights, either in lacy or in equity, and all other contingent interests of
<br />the Mortgagor in and to the above-described premises.
<br />i~IiOVIDF.D ALWAYS, and these presents are-executed and delivered upon the following conditions, t0
<br />wit:
<br />fi4ot•tgagur agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of Thirteen per centum (13, pg,) per annum on the unpaid balance until paid.
<br />I The said principal and interest shall be payable at the office of mortgage Plus incorporated
<br />in Englewood, Colorado , or at such other plane as the holder of the note may designate in
<br />i writing delivered or mailed to the Dlartgagor, in monthly installments of Three Hundred Ninety-Seven and
<br />j 41/100t1tsflollars ($ 397.41 ), commencing on the first rlay of June , 19 80 ,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 ;ail
<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 />1. He will pay the indebt~•dness, as hereinbefore provided. Privilege is reserved to prepay at any
<br />time, without premium or fee, 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 be credited on
<br />the date received. Partial prepayment, other than on an installment due date, need not be credited until
<br />the nett following installment due date or thirty days after such prepayment, whichever is earlier.
<br />'L. 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 tiist day of each month until said note is fully paid:
<br />(a) A sum equal to the ground rents, if auy, next rlue, plus the premiums that will next become due
<br />and payable on puliۥies of tiro and other hazard insurance covering the mortgaged property,
<br />nlge tpvou :,nd :,¢ce.esments next rho .rn th+• rnm•igaged nrnne,•ty (211 ne,.atimAh{-rj by tha 11'(nrt-
<br />gagee, and of » bleb the iitortgagor is notified) less all sums already paid therefor div9ded by
<br />the number of months w +•iapse before one month prior to the date n hen such ground rents,
<br />premiums, taxes turd assessments ~.vill t,ecome delinquent, such sums to be held by Mortgagee
<br />in trust to pa>~ saki ground Bents, premiums, taxr_s and special assessments.
<br />(h) The aggregate u[ Uu~ umuunts payable pursuant to subparagraph trt) and those payable on the
<br />note seۥured beret>~, shall he paid in a single paymenk each mouth, to be applied to the fo}low-
<br />ing it-ems in flu order stated
<br />tt) gtt~uud yenta, taxe-, a4u•s~?rnent?, fire and other hazard insurance premiums;
<br />I[t) interest+,n the nu[esecure+i lu•rrhy ;and
<br />(lu) amnrUzatiun of Iho princil?ai ul =xid uote.
<br />:buy dellci.•n,ty ,u th.- stn±xu,t of an} •[tc}t ag~regxt.• nta~uthl4' 1~al~tek9tt shall. unieess made gutxl
<br />by the yivrtg.yznt pri~,+` to the a}u, dxte •.,t the n+•xe such paytnav:i, t unst:tttte xn event of det•ault
<br />under tills :uottgage. .fit !l,?rtgxg€•€°'s ..t,tiun, ~fortgaga.r »•ill pay at "lot+• e-barge" ritrf exceed-
<br />ing four (u•r <+•nturn t 3'. 1 of any tnst.t}';::t,_•ut t.h,•u l!ai+! more than fiCtev:n (t:,) days after' the
<br />due date thereof to +~ucrr thn c•xU•a e~prnse uteulvc,I fn handlingdelinqueut pay»teuts, but such
<br />"late charge" ,,haft not be payable out ut the prureeals of any sak• mruh• to satisfy the indebked-
<br />ness se+~ured hen hy, uulcas such pruc,r,i.a arc sufficient to di~hxrge the entire indebtedneexr and
<br />all prulxr cust5 tool expenses secured thereby.
<br />3. If the total of the payments made by the Mortgagor under (a) of paragraph 'l. pre€seciing shall
<br />excx!ed the amount of payments actually made by the Mortgagee, as trustee, for ground rents, [axes and
<br />ttsaesaments or insurance premiums, as the case may be, such excess shall he credited by the Mortgagor
<br />un auheeyuent payments to be made by the Mortgagor for such items ur, at Afortgag۱e's option, as trusGtۥ,
<br />shall 1>Et t•efunaled t~, ,Mortgagor. ]f, however, such monthly payments shall not be sufficient to pay such
<br />itenta when the same shall become duo and payable, then the Mortgagor shall pay to the Murtgxgۥe, us
<br />G•uatcti, xny amuunG necessary to make up the €ielictency within thirty (30) days after written uutlee from
<br />the lVtattgagcr? staking the amount of the deltciency, which notice nary he given by mail. IF at xny time
<br />the Mortgagor shall tender to the Mortgagee, in accordance Keith the provisions of the note san+w•a-+i
<br />hereby, full payment oC the entire irdebttKlneas reprracuted thereby, the Mortgagee, :ta trustca•, shall,
<br />In computing the tintount of such indebtcvlneaa, credit to the account of the Mortgagor xny cro€!it balance
<br />tuwuntulateci under the provisions of i,a} of paragraph :s. hereof. If theyr- shall be a default tinder auy
<br />of the provisions of this nwrtgage rc+sulGing in a public sale of the premises eovere€1 hereby, ar if the
<br />I-fottgague x€:quirea the property otherwise after default, the Mortgagee, t>rt tr•uattte, slutlt apply, at the
<br />time of the commencc?mant of such pro€~e+linga, ur xt the time the property is otherwise a€~quire€l, the
<br />attmount then remaining to credit the z4fortgagur under iu) of paragraph 'L prectxting, as a credit on the
<br />interest atccrued and unpaid and the balance to the principal then remaining unpaid on said note,
<br />4. The lien , f this instrumeuf .hall remain in full force and effect during auy postponetneut ur extan-
<br />Sian of the time of pay mevtt of uhe indabta~9nuss or troy part thereof secured hereby.
<br />fi. lie »ill Pay till itrouud rent•v, taxes, ass€ssmnttts, z+ater raters, and other Kucernmentxl ur ntunict-
<br />pal charges, tines, ,rr imi:„$ittunx, levied uptn said premises and that he will pay all txxea h•vied ulxm this
<br />mortgage, €:r the ,ieht scK:uravl thereUy, together » it.h any orbs+r taxes car :tsaa':atnent+ «hi~h may be la:vi~d
<br />under the laws of l+lebraxka attatnst the MorttSayttx~, car th€, legal hnl€ler of sxi+t l~r,ne:luil ttete, un account of
<br />this tndetat~lness, except ~a~hen i~uz}'mint for all xuch hems bus tieeretofore hen made oruler €a) of pata-
<br />gra~dt '4 hare.eC, ,at,t ha Sri}I pr'+Sntptly ,l._^}i~°N[- t1tH uit#1 r'«K',•ipi;? tlt~re;!,t' te, 2. ~ ~ta,rtgage~. In a3e{atilt
<br />tlutreatf t.he'Mtort~agaw! ntu} pay the nauu,
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