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<br />To HAVE AND To HOLD the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<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 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 Mortgagor in and to the above-described 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 & Three Quarter~er centum ~0. 7~a) 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 ot• mailed to ttte Mortgagor, in monthly installments of Three Hundred Three and 55/100ths
<br />Dollars ($ 30 3.55 ). commencing on the first day of July , 1980 ,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 pay able on the first day of Sune 2010 ;all
<br />according to the terms of a certain promissory natr of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He will pay the indebtedness, as herrinbefore 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 hw;dred 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 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 sum equal to the ground rents, if any, nest doe, plus the premiums that will next become due
<br />and payable un policies of fire and other hazard insm~ance covering the mortgaged property,
<br />plus taxes sari assessments next due on the mortgaged property (all as estimated by the Mort-
<br />gagee. and of rchich the 3ortgagor is notified) less all sums already paid therefor divided by
<br />the numbl~r of months to elapse beiure one month prior to the date when such ground rents,
<br />premiums. taxes and assessments ~+il( berume delinquent, such sums to be held by Mortgagee
<br />in trust to pat .caid ground-rrnL ,premiums, taxes and special assessments.
<br />(b) The aggre•gar=.rC th~•.rn~uunts 1+xcxbh= pursuant to subparagraph (a) and those payable un the
<br />;urte sec€rrr-„ h.-r.-h}-. ;i;al! )x- pa,ri .n :[ .~inv:I,- pzayrur=nt each month, to Fx applied to the foUoty-
<br />ing items nt thr• nnjE=r .elated:
<br />(ll gruuud rr«ts, taxes, a.s,•ssno~nts, lire anD other hazard insurance prea:~ums;
<br />t ti l ur+_,=r=•~t ~~n flit= note sr, ur. d hrv.=bc and
<br />f [113 .iili~•rt ii..ri l=ift .=e the 1n'1 n:~rpai ~rl -;HID 711Le.
<br />any D ~ - lc,~ sole _t ui ;tr, _ = u ~ a!)grrgstc ntunthi~• pavmeat shall. unless made gcxxi
<br />by tltr 1lortga~;,r error ?~ ti:.• dr..' Date ..i *.he ri+ ~a sorb payment, . onstitute an went rf default
<br />undvr ties nu=rtgagr. .lt Alurrgargr~ .. ,y,cirm, A1ru~tgxgm• will pay a "late chsrge" no[ exeeed-
<br />ing i~,~ur ;rer ~ .-nlum r 1'. 1 of :uty utstall ru+•nt ;~ h••u paid morn than fifteen (15) days after the
<br />Jae Datr thr~r,•r~f to ru+or the =~+t ru r=xpeusr nr+~n;+rD lu handling delinquent payments, but such
<br />.,late ~~har'g~~" shall nut be pat nbk• =ntt of thy- ~u~nc,•,•Ds of any sale madr to satisfy the mdrhtr=d-
<br />ness secured herr~bc, !uDt,es such prat=.•Js :ur• smlia,=ut to Discharge the entire indebtedness and
<br />x11 prulha~ costs :uul uxprnscs secure,) thr•reb~~.
<br />3. If the total of the payments made by the Mortgagor under In.) of paragraph 'l preceding shall
<br />exceed the amount of payments actually made by the yiortgxgrv, xs trnste=e, for grnund rents, tsars and
<br />,+.,sessments or insurance premiwns, as the case may, Ix•, such extras shall t>e cnyiited by the Mortgag+t•
<br />wt subsequent payments to be made by the Mortgagor for such ttc•rns or, :rt Mortgag.•ca's option, as truslx4•,
<br />shall Lx• refunded to Mortgagor_ If, however, such monthly payments shall nut Ixe suffieirnt to pay Hoch
<br />itxnu when the same shall become Doc :utd payable. Utrn the yortgagor .;hall pay a, the 1lnrtgugr'.~, .r,
<br />truster, any amount necessar;v to make up the detic•ir=ury t+ithin thirty t;tot Dxys after ~ rittc•n nou,~• from
<br />the 6ortgagee stating the amount of the Del'tciency, whrch notice may be given by mail. ft' nt :uty nmr
<br />the Mortgagor shall leader to the Mortgagee, in :ueor~la«ce with thv provisions of rho ante .,rcurwi 1
<br />hereby. Pull payment of the c~ntirr indebtedness rrprraenleD thereby, the 1Norigagce, ats trusirv, :;hall, I
<br />in ewnputing the amount of such indebtedne~es, credit to the scatunt-uf thr• Mortgagm• any cn•:Itt lsla«cr
<br />accumulated under the provisians of (a) of l,utragruph'_' heiruf. If there shall rte ci dei'ault nudrr any i
<br />of the proviaintLV of this mortgage resulting in a public ,ale ul' the pronuses coverenl hereby, ur if the
<br />Mortgagee acquires the. property otherwise after Delault, the Nurtgager, as tnisUa~, shill ;reply, r<t the
<br />time of the commencement of such procccDings, ur xt the limy the prolxn•ty is ntherwisu acquu•ed, the
<br />amount then remaining to ercvlit the Mortgagor uuler (a} oC paragrxph'3 preceding, tts a credit. un the
<br />interest accrutsi turd unpaid and flit balance to the principal then remaining unpaid r,m said note.
<br />A. ,Flit lien of• this instrument shall remain in Cal: farce auD effect during any {tustlwnrnrent ur i•xteu-
<br />siou of flit time r'>f payrueut of flit indebtedness ur any part thereat secured hereby.
<br />5. He will pay all grouuD rents, taxrx, assrsenusi+s, ;tale°r raLrs, .wD nt.her govcrunu:ntal ur mm~ict.
<br />pat charges, fines, ur impasitiuns, leveed upon said premisoa and that hr wDl {,ray- all taxes Icn-red upon this
<br />[uortgage, or t}te debt secured thereby, together with any other, taxes ur assr:sntculs tirhtrlr mar be Ir}vrcd
<br />undee the laws o! \ebeaska against the 1lortgagec, rn~ the legal hoidr•r ,.t' s:,n3 principal uu[r, on acwad ut•
<br />thin intieYitcdnean, except whrit payment inr all sub i[rns ha:~ thr~rrtofurr tK•rn madr u«rl[q' t=t) ref para-
<br />graph.'. hereof, and hr will prunyttiy drltcrt toe. oflioial ~'~.e=:rp;., ittrmtur to 1bc Mui'tgagre. to ~lefxuit
<br />Uterrul'the Mnrtgagt°r uta~ p..ti [he d,aux~.
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