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_ ~+L!~v <br />~4~Iavg atvrz TO Ilot,n the sam+~ uric t};a Sfor2gagr•, au ` n r +. _.Iortgagar reprr -.•. tc,, <br />and coenants with th 14artgdgee, that the 3lortxagar teas Xor } ri~t,t ,n .u ii azid curve sn.o rzremzsss; <br />rhat they are free from encumbrance. except as herein+3hFrl isc ; r-aed : ;fray tF;e ~fartgagar swill •~ arrant <br />and defend ±he same against the Iawefui claims of all persans ;wham: rh_v~:•. Jioz-tgagor hereby rel}nrl:sishes <br />all rights of homestead, all marital rights, either in ia;v ar in <~Iaity, and all other cantingent interests of <br />the Mortgagee in and to the above-described premis+,,s. <br />i~ftOVIDEJ ALW;.Yc, and these presents are executed and dehvererz upon the failewirg conditions, to <br />wit: <br />33w•tgagor agrees to pay to the Mortgagee, or order, the aforesaid princii',al um :with interest Pram dale <br />at the rate of men and ".'hrPe guar±eftgr centum {10 7rFc) face annum an *.hc unpaid'ra<nlance until paid. <br />The said principal and interest shaII };e payable at the office of `for gage ?7 us Incorporated <br />to Englewood, Colorado , ur at such other place <ts the holder of the note may designate in <br />writing delivered or mailed to the _lIortgagor, in monthly installments ofq.„ro gundred Thirty Eiaiat and 17/100 <br />Ilollars ($ 238. 17' j, eammencing en the nest day of 'JOVemher , 13 gp ,and cantinuing on <br />the first day of each month thereafter until sales note is fully paid, extent that, if not saonor paid, the final <br />payment of principal and interest snail be due anti payable on the. first day of Goober 2010 ; a![ <br />according to the terms of a cez•+~air. promissory- Hate of even date herev: ith executed by the said Mortgagot•. <br />The Mortgagor further agrees: <br />1. $e wilt pay the indebtedness, as hereinbefare provided. Privilege is reserved to prepay at ary <br />time, without premium ar fec>, the entire indebtedness nr ant parr rhe,•eof rat less than the amoaznt of one <br />installment, or one hundred dollars 0100.00}, whichever is iesw. Prepayment in full anal be credited on <br />the date received. Partial prepayment, other than on an installrna+>nt 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, : he monthly payments of principal and interest payable under <br />the terms of the note secured hereby, Mortgagor u~il} pay to Dioz-tgag+~, as trustee, (under the terms of this <br />trust as hereinafter stated) on the first day of each month unti3 said ztote is fully paid: <br />(aj A sum equal to the ,;round rents, if any, next due, plus the premiums that will next become due <br />and payable un policies of fire and other hazard insurance covering she mortgaged property, <br />plus tar>es and assessments next dos on the mortgaged property (all as estimated by the Mort- <br />gagee, and of which the Mortgagor is notified) less alt sums already- paid therefor divided by <br />the number at months io elapse before one month prier to ±he date a hen such ground rents, <br />premiums, taxes and assessments will herame delinquent, such sums to be held by Mortgagee <br />in trust to pay said ground rents, premiu_m~, taxes errs special assessments. <br />(b) The aggregate of the amounts payable Itursuant to subparagraph (a) and ±Iaase payable an the <br />note ssc;ured hereby, shall b< paid is a single payment each month, to be applied to the folluw- <br />ingitems inthe order stated <br />(t} ground rents, taxes, assessments, lire amI nYher hazard ir_,urance premiums; <br />{St) interest ou the note aeetired hereby ;anti <br />(i1S) amartizatian trf the principal :,f said note. <br />Any def=.cienc}' in the amount of :uty such aggregate nu,~€tthiy payment shall, unless made gaud <br />by tresiartgagor prior tt. they due date of the next such payment, constitute an event of defau}t <br />under this mrrtgage. At ilarfgagee's caption, Mortgagor will pay a "}ate charge" not exceed- <br />ing four per ceutum (4~'0 } of any installnrent;vhen paid ataore than fifteen (7S) days after the <br />due date thet-eaf to cover the extra exlxsnse in: oh•ed in handling delinquent payments, but such <br />"late charge" shalt not be payable out of the proceeds of any sale made to satisfy the indebted- <br />ness secured hereby, unless such proceeds are auiticieut to discharge the entire indebtedness and <br />all proper casts and expenses secured thereby. <br />3. If the total of the payments made by the i4iortgagor under (ca} of paragraph 2 preceding shall <br />exceed the atnount of payments actually made by the Mortgagee, as trustee, for ground rents, taxes and <br />assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee <br />on subsequent payments to be made by the Aiortgagor for such items or, at Mnrtgagee'.s apt}on, as trustee, <br />shall be refunded to Mortgagor. If, however, such monthly payments shall not be surTicient to pay such <br />items when the same shat} become due and payable, ±hen the I«Iortgagur shall pay to the Mortgagee, as <br />trustee, any amaunt necessary to make up the deficiency within thirty f 30) days after }written notice from <br />the Mortgagee stating the amount of the deficiency, which notice may tea given by mail. If at any time <br />the Mortgagor ahail tender to the Mortgagee, in accordance ;with the provisions of the note secured <br />hereby, ful! payment of the entire indebtedness represented thereby, the tiortgagee, as trustee, shall, <br />in computing the amount of such indebtedness, credit to the account of the Mortgagor any credit balance <br />accumulated under the provisions of (a) of paragraph 2 hereof. If there shall t>e a default under any <br />of the groviaions of this mortgage resulting in a public sale of the premises caverwi hereby, ar if the <br />Mortgagee acquires flee property other'.vise after default, the Martgagee, as trustee, shall apply, at the <br />time of the carramencement of such proceedings, ar at the time t}3e praperty is otherwise acquired, the <br />amaunt then remaining to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the <br />interest accrued and unpaid and the balance to the principal then remaining unpaid nn said Hate. <br />1. The lien of this instrument shalt remain in fug} force and effect during any pustponerzzenL or exten- <br />sion of the tune of }>ayment of the indebkedne-ss or- any part thereof secured hereby. <br />o- sir, >x~il} pay all ground retzta, taxes, ass:xsmetzts, .water ratx~s, and other governmental ur munici- <br />pal et€r~rgr~, fines, o: impataittaas, levied upon said premises and that he cwiR pay all taxes levieai upon this <br />mortgage, nr t}ae debt s_:_tzred thernby, togokher ;with any other taxes }r assr~~snaents ;1 hick ntay tte leciad <br />under the lama of Nebraska against tYii'Nortgw ;cat, or thY legal ha,d~r ;,t „a,; I.rins;iF;ai note. un accaaunt vi <br />this :nde};tssdnexxa, rsrs.pt •~•het; 1 ,ytnert fv:r all ;;ue}a ittirrrs a~ %=€c•r t€.ivre +,ccrn freest: ura<i; t' ..t} of para- <br />graph 2 hereof, and he mill I€rompc}v d~}i4 -r tit- eft t _ _ > ,~._f, „ _,_~ . -, t~~ , - =pica=f <br />thcreaf the 3ivrtYaskr na-:.• €u.v +5,~ ~-.,,:.> . <br />