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TO HnvE AND To Hoi.D the same unto the Mortgagee, as herein provided. Mortgagor represents to, and covenants with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance, except as hereinothex•+vise recited; that the iVlortgagor will warrant and defend the same against the lawfltl claims of all persons +vhomsoeeer. 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. PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to Wlt: Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with. interest from date at the rate of Ten and Three QuartepSr centum (10, ~~o) pea• annum on the unpaid balance until paid. The said principal and interest shall be pay able at the office of Ntortgage 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 1ortgagor, in monthly installments of Four Hundred Ten and 03/100ths Dollars ($ 410.03 ), commencing on the first day of August , 1980 ,and continuing 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 be due and payable on the first day of July 2010 ;all according to the terms of a certain promissm•y note of even date here+vith executed by the said Mortgagor. The Mortgagor further agrees: 1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premiuru or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or one hundred dollars ($100.00), whichever is less. Prepayment in frill shall be credited on the date received Partial prepayment, other than an an installment due date, need not be credited until the next following installment due date or thirty daps after such prepayment, whichever is eazlier. 2. Together with, and in addition to, the monthly- payments of principal and interest payable under the terms of the note secured hereby, Mortgagor will pay to Slortgagee, as trustee, (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 will nest become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments nest due on the mortgaged property (all as estimated by the Mort- gagee, and of which the Mortgagor is notified) less all sums already paid therefor divided by the number of months to elapse before one month prior to the date when such ground rents, premiums, taxes and assessments will become delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes and special assessments. (b) The aggregate of the amounts pay-able pursuant to subparagraph (a) and those payable on the note secured hereby, shall be paid in a single pay-inent each month, to be applied to the follow- ing items in the order stated (i) ground rents, tales, assessments, fire and ot;ier hazard insurance premiums; iii) interest on the notesecurerl hereby; and (iii) axrortization of the principal of said note. any deficiency in the amount of any- such aggregate monthly payment shall, unless made good by the Mortgagor prior to the due date of the nest such payment, constitute an event of default under this mortgage. ~t Mortgagee's option, \lortgagor will pay a'`late charge" not exceed- ing four per centum {-I~"~) of any- installment +vhen paid more than fifteen (15) days after the due date thereof to cover the extra expense involved in handiingdelinquentpayments, but such "late charge" shall not be payable cut of the proceeds of ary salt made to satisfy the indebted- ness secxax-ed hereby, unle.~s such proceeds are sufficient to discharge the entire indebtedness and all proper costs and expenses secured thereby. 3. If the total of the payments made by the liortgagor under (a) of paragraph Z preceding shall exceed the amount of payments actually made by the Mortgagee, as trustee, far ground rents, taxes and assessments or insurance premiums, 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 opticn, as trustee, shall be refunded to Mortgagor. If, however, such monthly payments shall not be sutTicient to pay such items when the same shalt become due and payable, then the :llartgagor ,hall pay to the Mortgagee-, as trustee, any amount necessary to make up the deficiency within thirty (30) days after written notice from the Mortgagee stating the amount of the deficiency, which notice may be given by mail. If at any time the Mo=tgagor shall tender to the Mortgagee, in accardaxxce tcith the provisions of the note sES:ured hereby, fuA 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 Mortgagor 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 premises Hovered hereby, or if the Mortgagee acquires the property otherwise after default, the 1ortgagee, as trustee, shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the amount then remaining to credit the Mortgagor under (a) of paragraph `? 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 insirxinient shall remain in full force and effeci clueing any postponement or exten- sion of the time of payment of the indebtedness nr any part thereof secured hereby. 5, He will pay sil growid rents, taxes, assessments, water rates, and othex• governmental or munici- pal charges, fines, ar impositicns, levied upon said premises and that he +vill pay all taxes levied upon this mortgage, or the debt secured thereby, together with any other taxes or assessments +vhich may be levied under the lawsof 13ebraska agaixisc the Mortgagee, or the legal holder of said principal note, on account of this indebtedness, except when payment for all such items Iias [heix-tofare been made under (a) of pax•a- graph 2 hereof, and he will promptly deliver the official receipts therefo:• to the Mortgagee. In default thereof the Mortgagee may pay the same.