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<br />TO HnvE nxn To Hotn the same unto ttie Mortgagee, as herein provided. Iviortgagor represents to,
<br />and covenants with, the Mortgagee, that the 3fortgagor has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinotherevise t•ecited; that the Mortgagor will warrant
<br />and defend the same against the lawful claims of all persons whomsoever. Mortgagor hereby relinquishes
<br />ail 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 At.wwxs, and these presents are executed and delivered upon the following ennditions, to
<br />wit:
<br />lortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with interest from date
<br />at the rate of Eleven and one half per centum (11. ~`,b) per annum nn the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of Mortgage 21us Incorporated
<br />in Englewood, Colorado , or at such other place as the holder of the note may designate in
<br />writing delivered or mailed to the hortgagor, in monthly installments of Five Hundred Seventy Four and
<br />78/1D0 Dollars ($ 574. 78 ), commencing on the first day of. pctober , 19 gp ,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 payable on the first clay of September 2010 :all
<br />according to the terms of a certain promissory note ui even date herewith executed by the said Mortgagor.
<br />The Mortgagot• further agt•ees:
<br />1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any
<br />time, without premmm or fee, the entire indebtedness or any part thereof not less than the amount of one
<br />installment, or one hundred 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 eazlier.
<br />2. Together with, and in addition to, the monthly payments of ptincipai and interest payable under
<br />the terms of the note secured hereby, iliortgagor 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 />(o,) A sum equal to the ground rents, if any, nest due, plus the premiums that will next become due
<br />and payable un policies of fire and other hazard insurssnce 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 .iortgagor is notified } less all sums already paid therefor divided by
<br />the number of months to elapse before one month pri•.n• to the date when such ground rents,
<br />premiums, taxes and assesstneuts will became delinquent, such sums to be held by Mortgagee
<br />in trust to pay said ground teats, premiums, tales stud special assessments.
<br />(b) The aggregate of the:unuunts payable pursuant to subparagraph (a) and those payable on the
<br />note secured hereby, shall be paid iu a single paynu~nt each month, to be applied to the foliow-
<br />ingitems in the order ststed
<br />it) grand rents, ia~cs, assessments, lire au,l tither hazard insurance premiums;
<br />(II} ittterestouthcuotesecuredhereby;:uul
<br />(tit) amortization of the principal oC said cote.
<br />Any deficiency in the amount of :utp~ such uggregssta nundhly payment shall, unless made good
<br />by the Mortgagor prior to the due date oC thu next such payment, coast-itute an event of default
<br />under this ma•tgage. At Dlortgagce's option, ~m'tgag~or will pay a'9ate charge" not exceed-
<br />ing four per centum (4 ;'E } uC any installment when paid more than fifteen (15) days after Lhe
<br />due date thereof to cover the extra expense involved in handlingdelinquentpayments, but such
<br />"late charge" shall not be payable ouC of the proceeds of any sale made ht satisfy the indebted-
<br />ness secured hereby, mtless such proceeds are suliicieut to discharge the entire indebtedness and
<br />all proper costs and oxpenses secured thereby.
<br />3. If the total of the payments made by the iviortgagor under (a} of paragraph '~ preceding shall
<br />exceed the amount of payments actuaL'y trade by the Mortgagee, as trustee, Car ground rents, taxes and
<br />assessments or ittsurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br />on subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustti'e,
<br />shall be refunded to Mortgagor. If, however, such monthly payments shall nut be sufficient to pay such
<br />items when the same shall become due and payable, then the biot•tgagor shall pay to the Mortgagee, as
<br />trustee, any amount necessary to make up the deficiency within thirty (30) days after written notice from
<br />the Mortgagee stating the amount of the deficiency, which notice mtty be given by mail. if at any time
<br />the Mortgagor shall tender to the Mortgagee, in accordance with .the provisions of the note secured
<br />hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall,
<br />in computing the amount. of such indebtedness, credit to the account of the \iortgagor any credit balance
<br />accumulated under the provisions of (a) of paragraph 'L hereof. [f there shall be a default under any
<br />of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the
<br />Mortgagee acquires the property otherwise after default, the Mortgagee, as trustee, shall apply, at the
<br />time of the commencement of such proceedings, or at the time the property is otherwise acquired, the
<br />amount then remaining to credit the Mortgagor under (a) of paragraph `L preceding, as a credit on the
<br />interest accrued and unpaid and the balance to the principal then remaining unpaid on said note.
<br />4. The lien of this instrument shall remain in full Torce and effect dm•iug any postponement or exten-
<br />sion of the time of payment of the indebtedness or any part thereof secured hereby.
<br />5. He wit] pay all ground rents, taxes, assessments, water rates, and other governmental or munici-
<br />pal chazges, fines, or impositions, levied upon said premises and that he will pay all taxes levied upon this
<br />mortgage, or the debt secured thereby, together with anv other taxes or assessments which may be levied
<br />underthe laws of Nebt•aslca against the lliortgagee, or the legal holder oi' said principal note, on account of
<br />this indebtedness, except when payment "tor all such items has theretofore been made under (a) of para-
<br />graph'L hereof, and he will promptly deli.er the official receipts therefor to the Mortgagee. [n default
<br />thereof the Mortgagee may pay the same.
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