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5~.~.: ~C1~5~,~ TO HAVa nND To HOLD the same unto the Mortgagee, as hcrcir. provided- .Mortgagor represents tv, and covenants with, the binMgagee, that the Mm•gagor has gavel right to se=li and convey said premises; that they at•e ft•ee from eruumbrance, except as }sere}nothcrnise rr-r;iteri ; t}tat the Mortgagor n~ill warrant and defend the same against the 3au-fu} 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 abovadescribed premises. PROVIDED ALwaxs, and these presents are executed and delivered upon the following conditions, to wit: Mortgagor agrees to nay io the itilortgagee, or order, the aforesaid principal sum with interest from date at the rate of Ten & Three Quarters per centum (10.7fr) per annum an the unpaid balance anti[ paid. The said principal and interest shall be payable at the office rif ,+Mrtgage Phis Incorporated in En4lewood, Colorado , or at such other place as the holder of the Hate may designate in writing delivered m• mailed *.o the 3lartgagor, in monthly installments of Three Htmdred 2Wenty One and 76/100ttDollars ($ 321.76 ), commencing an the (irsf day of January , lc~gl ,and continuing on the first day of each month thereaftet• until said note is fully paid, except that, if not sooner paid, the (final paymtent of principal and Interest shall be slue and payable on the first clay of December 2010 ;all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor. The Mortgagor further agrees: 1. He will pay the indebtedness, as hereinbefore providedi. Privilege is reserved to prepay at any time, ;without premium or tee, the entire indebtedness or any- part thereof not less than the amount of one installment, or one hundred dollazs ($100A0), whichever is less. Prepayment in foil shall be credited on the date received. Fartial 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..he monthly payments of principal and interest payable under the terms of the note secured hereby, Mm-t~agor ~a•ill 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, next due, plus the premiums that will next become due and payable ou policies of fire and other hazard insurance covering the mortgaged property-, plus taxes and assessments next clue an 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 t!te date when such ground rents, premiums, taxes and assessments will become rte@nquent, such sums io be held by Mortgagee in trust to pay said graunsl rents, premiums, taxes and special assessments. (b) The aggregate of the amounts payable pursuant to subparagraph (a) and those payable un the Hate secured hereby, shall be paid in a single payment each month, to he applied ±.e tha fnilo-~- ingitems ht the order stated (,) grattnd rents, taxes, assess;uerts, .ire zuui other hazard insurance premiums; (iI) interest un the note secured beech.- • and (iii) armvtization of the principal of said note. Arty deficiency in the amount of any such agg~•egate monthly payment shall, unless made good by the rllortgagm• prior to the due date of the next such payment, constitute an event of default under this ma-tgage- At h1m•tgagee's option, 1lortgagor will pay a ";ate charge" not ettceed- ing four per centum (~f ;'i) of mty install went is~hcu paid more than fifteen (15) days after the due date thereof to cover the extra axpmise fine+ttved in handling delinquent payments, but such "late charge" shall not k>< payable out of the proceeds oC any sale made to satisfy the indebted- ness secured hereby, unless such proceer}s are sulfic•ient to discharge the entire indebtedness and all proper costs and expenses scv:uretl thereby, 3. If the total of rho payments made by the Mortgagor under (¢) of paragraph '3 preceding shall exceed the amount of payments actually made by ±he Mortgagee, as trusts.}:, for ground rertts, uses 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 1LIor•tgagee's option, as tntstee, shall be refunded to ~3ortg~gar. If, however, su<;h monthly payments shall not be sufficient to pay' such items when the same shall become due and payable, then the Mortgagor shall pay- to the 14lortgagee, as tustee, 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 he given by mail. [f at any time the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the note secmrd hereby, full payment of the entire indebtedness represented thereby, the Mvrtgagee, as trustee, shalt, in computing the amount of such indebtedness, credit io the account of the Mortgagor any credit balance accumulated under the provisions of (a) of paragraph `L hereof. If there shall be a default under any o£ the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the Mortgagee acquires the pxoperty otherwise rrfter default, the 11or•tgagee, as trustee, shall apply, at the time of the commencement o£ such proceedings, or at the time the pxroperty is otherwise acquired, the amount then remainin_A to credit the MortQn_o,»- ,inJa~ rat ,.v „~,.~.....,rt, o .....,.._a; .,, ~,.....s. ax,.. ~ t„~;~-u,ng, a5 a cnuii art fine interest accrued and unpaid and 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- aion of the time of payment of the indebtedness or any part thereof secured hereby. 5. He will pay all ground rents, taxes, assessments, water rates, and other governmental or munici- pal charges, fines, or impositions, levied upon said premises and that he will pay all taxes levied upon this mortgage, or the debt secured thereby, together with any other taxes or assessments which may be levied under the laws of Nebraska against the (Mortgagee, or the legal holder of said principal note, an acaaunt of Chia indebtedness, except when par'ment far all such items }tas theretofore been made under (a) of para- graph 2 hereof, and he w}ll promptly deliver the official receipts therefor to the ltcrtgagee. In default thereof the Mortgagee may pay the same.