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<br />To HAVE nap To HoLp the same unto the Rfartgagee, as iEerein provided. Rioz•tgagor represents to,
<br />and covenants with, the Mortgagee, that the Rortgagor has gaol right to soil and Canvey said premises;
<br />that they are free from encumbrance, except as hereinniherwise recited ;that the Mortgagor will :varrant
<br />and defend the same against the lawful claims of all persons whomsoever. Rfartgagor hereby re]inquishes
<br />aII rights of homestead, aII marital rights, either in law or in equity, and all other contingent interests of
<br />the Mortgagor in and to tho above-described premises.
<br />PROVIDED ALtvaXS, and these-presents are executed and delivered upon the following conditians, to
<br />wit
<br />Mortgagor agrees to pay to the Mortgagee, orcirder, the aforesaid principal szun with interest from date
<br />at ChE rate of Ten & Three Quarters per centum (10. T!~,) 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 atlzer place as the holder of the note may designate in
<br />writing delivered or mailed to the Rortgagor, in monthly installments of Tfzree Hundred and Three and
<br />55/100th~otlars ($303.55 ), commencing on the first day of. November , 19 s0 ,and continuing on
<br />the first day of each month thereaftez• 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 October, 2010 ;all
<br />according to the terms of a certain promissory note of even date herewith executed b}• the said Moztgagor.
<br />The Martgagor further agrees:
<br />1. He will pay the indebtedness, as hereinbefore provided- 1'riv.iege is reseraed io prepay at any
<br />Lime, without premium or fee, the entire indebtedness or any- part. thereof not less than the amount of mte
<br />installment, or one hundred dollars fS100.00), whichever is less. Prepayment in fell shall be credited on
<br />t}~ date received. Partial prelxiyment, 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 />2. Together with, and in addition to, the monthly payments of principal and interest payable under
<br />the terms of the note secured hereby, Mortgagor wilt pay to Mortgagee, as trustee, (under the terms of this
<br />tros>`as hereinafter stated) on the first day of each month until said note is fully paid:
<br />(a) A sum equal to the graund rents, ,f any, next due, plus the premiums that will next become due
<br />and payable on policies of fire and other hazard insurance covering the mortgaged property,
<br />plus taxes and assessments nek-t due an the mortgaged prnperty (all as estin-ated by the Riort-
<br />gagee, and of u-hich the Rfortgagm• is mrti tied) Vess all sums already paid therefor divided by
<br />the number of months to elapse t>Ffore one month erne, to the ,late +chen such ground rents,
<br />premiums, taxes and assessments will t;c~come delinquent. such sums to be held by Riorigagee
<br />in trust to pay said gt•ounu rents, premusms, taxes and special assessments.
<br />(b) fine aggregate crf the amounts payable pursuant to subparagraph i rr } :,nd those payable on the
<br />note secured hernby, shall be paid in a single payment each month, to be applied to the follow-
<br />ingitems inthe order stated
<br />(t) ground rents, tales, assessments, tare aztd other hazard insurance premiums;
<br />(n) interest on the zzoie securc>ci hereby ;and
<br />(tT:) amortizatian of the principal n£ said Hate.
<br />Any deficiency in the amount of env such aggregate monthly payment shall, unless made good
<br />by Lhe 4iertgzgc3r prior to the due mate of the nrxt such payment, constitute an event of default
<br />under this mortgage. AY RSartgagr-e's opiion, Mortgagor will pay a "late charge" not exceed-
<br />ing four per centum f15i } of any installment when paid more than fifteen (15) days after the
<br />due dale thereof io cover Lhe extra expense involved in handling delinquent payments, but such
<br />"fate charge" shall not he payable nut of the proceeds of any- sale made to satisfy the indebted-
<br />Izeaa secuzed Izzr•elay, unit:ss such prcxce<ts arc sufliciezzt tv disc:harge the entire indebtedness and
<br />all proper costs and expezzacea securnd thereby.
<br />3. If the total of 'the payments made by the Mortgagor under (a) of paragraph 2 preceding shall
<br />exceed the amount of payments actual)q made by the Mortgagee, as trustee, for ground rents, taxes and
<br />assessments or inanrance irremiums, as the case may be, such excess shall be credited by the Mortgagee
<br />on aubsequeat payments to be mmde by the tJlortgagar for such items or, at Mortgagee's option, as tnzstee,
<br />shall be refunded to Aiori~agor. lf, however, saeh monthly paymentx sltaii Hui tae sufficient to pay such
<br />itesus whey the sauce shall become due and payable, then Lhe Mortgagor shall pay to the Mortgagee, as
<br />trwtee, any amount ne•g to ma',:e up the deAcieney within thirty i:30) ctsys after written tzotice from
<br />the ll[ort4ntgee stating the amount of the deficiency, which notice may be given by mail. If at any time
<br />thB Mortgagor ahaIi tender to the Mortgagee, in accordance lvith the provisions of the Hate sea:urcd
<br />hereby, fell pay-7nent of the entire ittdebtedneas regresenieci tlz2reby, the lortgagee, as trustee, shall,
<br />in computing the amount of such %ndebtedness, credit to the account of the Mortgagor any credit balance
<br />aacumulat.^d undet the pmvisionr of {a} of paragraph 'L hereof. If there shall bk a default under any
<br />af-the-provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the
<br />Yostgagee soquirer the property otherwise after default, the RSor[gagee, as trustee, shall apply, aL the
<br />tinge of the cwmmeacetaent of such proc:eedinga, ar at the time the property is otherwise acquired, the
<br />am~pgak the remaining tRa credit the Alortgagrr: under (a) of paragraph:: preceding, as a credit orz the
<br />interest accrued and unpaid and the balance to the principal then remaining unpaid an said note.
<br />4, The lien of this instrument shall remain in full force and effect during any IKastponement or exten-
<br />sion of the tune of payment of the indebtedness ar env part ther~.rof secured hereby.
<br />~. lie vtifl pity all ground rents. taxes, aaseastnents, water rates. and othc;r gavernnzcutal ur munici-
<br />psl ehsr~es, finer, nr impositions, levied tipan said premises and that Ize will pay all taxes levied upon this
<br />uspx#ga~e, or the debt aecuro~d thereby, Nether with env ether taxes or assessments z: liiclz may be levied
<br />unde•~the laws o1 Nebrwka againreL the Mortgages, tar ths- legal holder of said principal note. ~,n account of
<br />this iadsb#ednearq, exempt tvtzen payntenl, for all auelx iLrnza has thereto£ara been made under ta) ,;t para-
<br />graph 2 hereof, ant! tre will prompLiy delivea° the ofttoial rec:eipt„a therer"ar to th+: ]l+arigage~,- In default
<br />thereof the Mortgagex may pry the satnc,
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