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80= ~~ To FLtvE axn To Horn :.'.xe same unto the Mortgagee, as herein provided. Mortgagor represents to, and covenants with, the Mortgagee, that the 3ortgagor has good right to sell and convey said premises; that they are ftee from encumbrance, except as hereinotherwise recited ;that the Mortgagvr will warrant and defend the same against the latvfiil claims of all persons +vhomsvever. Mortgagor hereby relinquishes all rights of homestead, all marital rights, either in law or in equity, and all other contingent interests of the Mortgagor in and to the above-described premises. ~PROVIDEU ALWAYS, and these presents are executed and delivered upon the following conditions, to wit: Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date at the rate of Thirteen per centnm ( 13.`.0Q per annum on the unpaid balance until paid. The said principal and interest sFtall be payable at the office of Mortgage Plus incorporated in Englewood, Colorado , or at such other place as the holder of the note may designate in writing delivered or mailed to the ;tortgagor, in monthly installments of Three Hundred Seventy and 85/100t Dollars ($ 370.85 ),commencing on the first day of August , 19 80 ,and cer*inuing on the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final payment of principal and interest shall tre clue and payable on the first day of Suly 2010 ;all according to the terms of a certain promissory note of even dale hez•ewith executed by the said Mortgagor. The Mortgagor further agx•ees: 1. He will pap the intiehtedness, as hereinbefare. provided. Privilege is reserved io prepay at any time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or ore hundred dollars ($100.J0), whichever is less. Prepayment. in full shall be credited on the date received. Partial prepayment, other than on an installment due date, need not he credited until the next following installment due date or thirty days after such prepayment, whichever is eazlier. 2. Together with, and itt addition to, the monthly payments of principal and inie rest payable under the terms of the note secured hereby, Mortgagor will pay to Mortgagee, as itvstee. (under the terms of this trust as hereinafter stated) on the first day of each month until said note is fully paid: (~} A sum equal to the ground rents, if any, nest due, plus the premiums that toil] nest become due and payable un policies of fire and other hazard insuratce cot°ering the mortgaged property, plus taxes and assessments next due or. the mortgaged prvpez•ty (all as estimated by the Mort- gagee, and of which the Mortgagor is notified 1 less all sums already plaid therefar divided by the number of months to elapse before one month priar to the date when such ground rents, premiums, taxes and assessments will bc•cume delinquent, such sums tv be held by Mortgagee in trust to pay said ground rents. premiums, taus and special assessments. (b) The aggregate of the amounis payable pursuant fo subparagraph (a) and those payable vn Che note secured hereby, shall be pair] in a single irayment rash month, to be applied to the foliow- ingitems in the order stated (tl grround Tents, taxes. assessments, lire and other hazard insurance premiums; {u) interest on the note secured hereby-; and (IIt) ~anortizatiotx of the principal of said Lxote. Atry deficiErcY in the amount of any such aggregate monthly payment shall, unless made good by the _llortgagur prior to the due date of the next such payment, constitute an event of default under this mortgage. At 3ortgagee's option, ~1ortgagor will pay a "late charge" not exceed- ing four per ccnturu (~1~ 2 1 of sup installment when paid more than fifieen (15) days after the due date therc•uf fv cover the extra expense involved in handling delinquent payments, butsuch "late c•IraTln~" stall not be payable out of the prac:eeds of anv sale made to satisfy the indebtea- ness secured hereby, unl~ s such pTOCeetis are sutHcient to discharge tlxe entire indebtedness and ail proper costs and expenses secured thereby, 3. If the total of the payments made by the Rortgagor under (a) of paragraph 2 preceding shall exceed the amount of payments actually made by the 1'Iortgagee, as trustee, for gr•uund rents, taxes and assessments or insurance gremiums, as the case may be, such excess shall be credited by the Mortgagee on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee, shall be refunded to lortgagor. If, however, such monthly payments shall oat be sufficient to pay such items when the same shall become due and payable then the titortgagor strait pay to the lrtgagee, as trustee, any amount necessary to make up t}re deficiency within thirty ! 30) days after wt•rtten notice from the Mortgagee stating the amount of the deficiency, which notice may be given by mail. 1f at any time the Mortgagor shall tender to the Mortgagee, in acevrdance faith the provisions of the note secured hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall, in computing the amount of such indebtedness, credit to the account of the Mortgagvr any credit balance accumulated under the provisions of (a) of paragraph 2 hereof. If there shall be a default under any of the provisions of this mortgage resulting in a public sale of the premi.~,es covered hereby, or if the Mortgagee acquires the property otherwise after default, the 4ortgagee, as trustee, shall apply, at the time of the commencement of such proceedings, yr at the time the property is atherwise acquired, the amount then remaining- to credit the Mortgagvr under (a) of paragraph 2 preceding, as a credit on the interest accrued and unpaid and the balance to the principal then remaining unpaid on said note. 4. The lien of this instrument shall remain in .full force and effect during any postponement yr exten- sign of the time of payment of the indebtedness or any part thereof secured hereby. 5. He will pay all ground z•eats, taxes, assessments, water ratos, and other governmental or munici- pat charges, fines, or impositions, levied upon said premises and that he will pay all taxes levied upon this mortgage, yr the debt secured thereby, together with any utluar taxes or assessm,,uts i, hich may be levied under the laws vf'Vebraska-againsttlxe Mortgagee,-ur the legal holder of said principal x;vte, on account of this indebtedness, except when paytneat far all such items has theretofore been made under (a) of para- graph 2 hereof, and he witl promptly deliver the ollicial receipts therefar fo the livrtgagee. [n default thereof the Mortgagee may pay the saute.