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l~raa°'t.
<br />To HnvE atvn TO HoLn the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and cotenants with, the Mortgagee, that the Mortgagor has good right to sett 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 w•homscever. 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 abote-described premises.
<br />Pxov[nEn [><LWAY3, and these presents are executed and delivered upon the following conditions, to
<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 Thirteen per centum (13.Oi$) per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of Mortgage Plus Incorporated
<br />in Englewood, Colorado , or at such other place as the holder of the Hots may designate in
<br />writing delivered or mailed to the Mortgagor, in monthly installments of Six Hundred Forty Two and 06/100
<br />the Dollars !$ 642.06 }, commencing un the first day of July , 19 80 ,and continuing on
<br />the first day of each mouth thereafter until said note is fully paid, except that, if not sooner paid, the final
<br />payment of principal and interest shall kre due and payable on the first day of June 2010 ;ail
<br />according to the turms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />I. Fie will pay the indebtedness, xs hereinbetirt•e provided. Privilege is reserved to prepay at any
<br />time, without premium nr fee, the entire indebtedness ur any patt thereof nut less than the amount of one
<br />installment, or one hundred dollars ($100.00), whichever is less. Prepayment in full shall be c-rediteti 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 />`l. Together with, and in addition to, the mont}ily payments of principal and interest payable under
<br />the terms of the note secured hereby, Mortgagor will pay to iViortgagee, as trustee, (tinder 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 equal to the ground rents, if any, nest due, plus the premiums that will next become due
<br />and pad°able un policies of lire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments next due on the mortgaged property (all as estimated by the Mort-
<br />gagee. and of which the Mortgagor is notified) less all sums already paid therefor divided by
<br />the number uC months to elapse before one month prior to the date when such ground rents,
<br />premiums, tars and assessments Mill become rlelinyuent, such sums to be held by Mortgagee
<br />in trust to par Baia kround rent., privniums, [axes and special assessments.
<br />(b) The aggregate of the arnuunts payable pursuemt to subparagraph ta) and those payable on the
<br />note secured beech>, shall be paid in a single payment each month, to be applied to the follow-
<br />ing items in the cudor stated
<br />t t) ground rents, taxes, assessments, fire and other }tazat•d insurance premiums;
<br />(u) iutcrostuuthenotesecuredherchv::uxl
<br />(tn1 umurtizati~ar of [he principal of ;aid note.
<br />.any detic•iency in the amount of am such aggregate !nunthly payment. shall. unless made ~xrd
<br />t>v the ylurtgxgur prior to tFr du+• date of they next such payment, constitute an event of default
<br />under this nurrtgage. :1k lortgugce's option, Alurtgagor will pa}• :t "late charge" not exc@ed-
<br />ing tour por centum (-t' ~) of :uty install meat ccheu paid more than Fifteen (15) day's after the
<br />due data thereof hr c ocec the osu;t oxprnse incolted in haudlingdelinyuent payments, but such
<br />"late charge" shall nut be payable out of the proceeds of am sale made to satisfy the indebted-
<br />ness sernre+l herelrS•, unless such proceeds are sufficient to discharge the satire indebterlneas and
<br />all prulx r' r+~sts :uul cxlx•nsus secued th,~reby.
<br />3. If the total of the payments made by the 1ortgagor under (a) of paragraph 2 preceding shall
<br />exceed the amount of payments actually made by the Mortgagou, as trustees, for ground rents, taxes and
<br />assessments or insurance premiums, as the case may be, such excess shall he credited by the Mortgagce
<br />on subsequent payments to be made by the Mortgagor for such iG~ms ur, at Mortgagee's option, as trustcn•,
<br />shall be refunded to Mortgagor. If, however, such monthly payments sh;dl not be sufl3cieut to pay such
<br />items when the same shall become due :md payable, then the Mortg:tgm• shall pay Lo the Murtg:tgev, as
<br />trustee, any stmouut ttecrssary to make up the defic•renc;v n•ithin thirty 13(1) ,lays after written notice from
<br />the Mortgagee stating the amowtt of the +leliciuncy, which notice may Ire given by mail [f sst any time
<br />the Mortgagor shall tender to the Mortgagee, in accordanar with the provisions of the note scY•ured
<br />hereby, full payment of the entire indebtedness represented thereby, the Mor•tgssgee, cur trustee, shall,
<br />in computing f.he amount of such indehterlness, credit to the account of the Mortgagor any credit balance
<br />accumulated under the provisions of (a) of ixtrttgraph '.~. hereof. If there shall Iw a default under any
<br />of the provisions of this mortgage e•eaulting m a public -;ale oi' the premises covenxi hereby, or if thu
<br />Mortgagee acquires the property otherwise after del'auit, the 1lortgagex', as trust+r~, shall apply, ai fhe
<br />time of the commencement of such proceedings, or at Che kime the property is otherwise acquired, the
<br />amount then remaining to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the
<br />interest accrued and unpaid and the balance Lo the )n•incipal then remaining unpaid un said note.
<br />4. The lion of this instrument shall remain in full torte and effect during:uty postlwnement or exten-
<br />sion of the time of payment of the indebtedness or any part thereof secured hee•eby.
<br />5. He will paY all ground rents, taxes, assessments, realer rates, and other guvernrncntssl or munici-
<br />pal charges, fines, ur impositions, levied upon said promises and that he wilt pay all taxes leered upon this
<br />mortgage, ot• the debt secured thereby, together with any other taxes ot• assessments which may be levied
<br />under the laws oi' Nebraska against the Mmrtgagee, ur the legal holder of said principal ante, nn account of
<br />this indebtedness, except when payment fur all such items has thrrrtufnre been madu under fa) of parss-
<br />gt'aph 2 hereof, and he e-iIl promptly delicrr• the ulTicixl receipts therefor to the Alurtgagre. In riefault
<br />thereof the Mortgagee may p:q• the saint.
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