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To HavE axD To Horn the same unto the Mortgagee, as herein provided. Mortgagor represents ta, 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 hereinothenvise recited ;that the Mot-tgagar will warrant and defend the same against the lawful claims of all persons whomsoever. 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 Ar.waY's, and these presents are executed and delivered upon the following conditions, to wit t, Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date at the rate of Eleven & one half per centum (11.54b) per annum on the unpaid balance until paid. G The said principal and interest shall be payable at the office of Mortgage Plus Incorported c in Englewood, Colorado , or at such other place as the holder of the note may designate i,n writing delivered or mailed to the \4ortgagor, in monthly installments of Three Hundred Seventeen and 12/100ths Dollars ($ 317.12 ),commencing on the first day of September , 1980 ,and continuing on _ the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the foal ' payment of principal and interest shall be due and payable on the first day of August 2010 ;all according to the terms of a certain promissory note of even date herewith zxecuted by the said Mortgagor. The Mortgagor fm•ther agrees: 1. He will pap the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any time, without premium or 1•ee, Che entire indebtedness ur any part thereof not less than the amount of one installment, or one hundred dollars ($100.00), whichever is less. Prepayment in full shall be credited on the date received. Partial prepayment, other than on an installment due date, need not be credited until the next following installment due date or thirty days 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 Mortgagee, 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 next become due and payable on policies of fire and other hazard insurance covering the mortgaged property, plus taxes suet assessments next due un the mortgaged property (all as estimated by the Mort- gagee, and at a hich the Mortgagor is notified) less all sums already paid therefor divided by the number oi' mmtths to elapse before one month prior to the date when such ground rents, premiums, tales and assessments trill become delinquent, such sums to be held by Mortgagee in trust to pay' said ~n•ound~ro•nts, premiums, tales and special assessments. (b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable on the note secured hereby', shall be paid in n single payment each month, to be applied to the follow- ingitems in thc~rder stated {t) ground rents, taxes, assessments. sire and „they hazard insurance premiums; (II) !nterr~vl. un tl?e note see•urocl horr'h1': anti (m) amurtizatiun of the principal of said note. Any deficienc> in the amount of any such aggregate monthly paymeni shall, anless made gcxtd by the liurtgagor prior to the due date of the next such payment, constitute an event of default under this mortgage. At Ylortgagee's uptiat, 1lortgag'or will pay :? "late charge" not exceed- ing four per centum (-1!:) of any' installment when paid more than fifteen (15) days after the due date thereof' to cover the extra expense involved in handlingdelinquet:t payments, but such "late charge" shall not be payable out of the proceeds of any sale made to satisfy the indebted- ness secured hereby, unless such proceeds are suR?cieut to discharge [he entire indebtedness and all proper cults and expenses secured thereby. 3. If the total of the payments made by the Mortgagor under (a) of paragraph 'L preceding sh;tll exceed the amount of payments actually made by the Mortgagee, as trustee, for ground rents, tales and assessments or insurance premiums, as the case may be, such excess s}tail Tye credited by the Mortgagee un subsequent payments to be made by the Mortgagor for such items or, at biortgagce's option, as trustee, shall he refunded to Mortgagor. lf, however, such monthly payments shall nut Lu sulFcieut to pay such items when the same shall become due and payable, then the Rortgagor shall pay to the ilortgagce, as trustee, any amount necessary to make up the deficiency within thirty (SO) bays after written notice from the Mortgageo stating the amount of the deficiency, which notice may be given by mail. If at any time the Mortgagor shall tender to the Mortgagee, in accordance with the provisions nC the uotr setiunrd hereby. foil pay°rncnt of 'the entire. inciebteedness rt.prr•sented there~bv, the Mortgag<~e, rk5 trustee, snali, in eomputil+.g the amount of such indebtedness, credit to the accoustt of the Rio:•tgago:• a::y credit bala::ce a~ecumulated under the provisions of (a) of paragraph 2 hereof. If there shall Ete a default tinder any of the provisions of this mottgage resulting in a public sale of the premises corennl hereby, or if the Martgagee acquires the property otherwise after default, the ASortgagce, .ts trusttv~, ;hull apply, ::t the time of the commencement of such proceedings, or at the time the property is otherwise acyuit•c~tl, the amount then remaining to credit the Mortgagor under (a) of paragraph'? preceding, :ts a rrc~tlit on the interest accrued and unpaid soil 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 or exten- sion of the time of payment of the indebtedness or :any part thereof secured hereby. ~. He will pay all ground rents, taxes, assessments, water rates, and other governmental or munici- pal charges, fines, ur impositions, levied upon said premises and that he viii pay ail taxes levied upon this mortgage, or the debt secured thereby, Together with any other taxes or assessments which rnxy be levied under the laws of isiebi•aska agai.tst tine illortgagee, ar tite legal itoiciet• of said principal roic, on account of this indebtedness, except when payment for all such items has theretofore been made under (a) of para- graph 2 hereof, and he will promptly deliver the ntlicial receipts therefor to the :Mortgagee. In default thereof the Mortgagee may pav the same.