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S.I-- t)U275? To HAV$ AxD To HOLD the same unto the Mortgagee, as herein provided. Mortgagor represents to, 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 hereinotherwise recited ;that the Mortgagor 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. PRdVID$D ALWAYS, and these presents are executed and delivered upon the following conditions, t0 wit: ' Mortgagor agrees to pay to the Mortgagee, or order, the aforesaid principal sum with iltteresi: from date at the rate of fifteen & one half per centum (15. $o) per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of Mortgage Plus Incorporated :r. r•"'rrglewood, Colorado , or at such other place as the holder of the note may designate in writing delivered or mailed to the Mortgagor, in monthly installments of ?~'ee Hundred Ninety One and- 00/ Dollars ($ 391.50 ),commencing on the first day of July , 19 gl ;and continuing on 100ths the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the final payment of principal and interest shall be due and payable on the first day of June' 2011 ;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 provided. Privilege is reserved to prepay at any time, without premium or fee, the entire indebtedness or 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 earlier. 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 fs fully paid: (rz) A sum equal to the ground rents, if any, nest clue, plus the premiums that will next become due and payable on policies of fire and rther hazard insurance covering the mortgaged property, plus taxes anal assessments next due on the mortgaged property (all as estimated by the Mort- gagee, and of which the Mortgagor is notified) less alt sums already paid therefor divided by the number of months ~~ elapse before one month prior to the date when such ground rents, premiums, taxes and assessments will became delinquent, such sums to be held by Mortgagee in trust to pay said ground rents, premiums, taxes 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 a single payment each mmrth, to be applied to the follow- ing items in the order stated (t) ground rents, tales, asscssrnents, fire and other hazard insurance premiums; {u) interest on the note secured hereby :and (Itt} amortization of the principal of said note. Any deficiency in the amount of ant- such aggregate monthly payment shad, unless made R`rod by the Mortgagor prier to the chre date of the next such payment, constitute an event of default under this mortgage. r~: ~Iortgagce•s option, Mortgagor will pay a "late charge" not exceed- ing fow• per centum (-I Si-) of any installment wlreu paid more than fifteen (15} days after the due date thereof to cover the extra expense involved iu handling delinquent payments, but such "late charge" shall net be payable nut of the proceeds of any sale made to satisfy the indebted- ness secured hereby, unless such proceeds are sufficient to discharge the entire indebterlnesa and all proper costs and expenses secured thereby. 3. If the total of the payments made by the Mortgagor under (a) of paragraph 2 preceding shall exceed the amount of payments actua}fy made by the Mortgagee, as trustee, for ground rents, taxes and assessments or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee rxz subsequent payments to be made by the Mortgagor for such items or, at Mortgagee's option, as trustee, shall be refunded to Mortgagor. If, however, such 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 Mortgagee, as trustee, any amount necessary to make up the deficiency within thirty (30) days after written notice from the Mortg.,e°7e stating the amount of the deficiency, which notice Wray be given by mail. If at any time the Mortgagor shall tender to the Mortgagee, in accordance with the provisions of the tote secured hereby, full payment of the entire indebtedness represented thereby, the Mortgagee, as trustee, shall, in computing the amount of such indebtedness, credit tc> the account of the Mortgagor any credit balance accumulated under the provisions of (a) of paragraph 2 hereof. If there shall Ire a default render any of the provisions of this mortgage resulting in a public sale of the premises covered hereby, or if the Mortgagee acquires the property otherwise after default, the Mortgagee, as trustee, shall apply, at the time of the commencement of such proceedings, or at the time the property is otherwise acquired, the amount then remaining to credit the Mortgagor under (a) of paragraph 2 preceding, as a credit on the interest accrued and unpaid and the balance to the principal then remaining unpaid on said note. ~. Tize lien of this instrument shall remain in foil force and effect during any Iwstpanenrent nr exten- sian of the time of payment of the inclebttYlness nr any part thereof secured her°eby. 5. He will pay all ground rent<g, taxes, assessments, water rates, and atluer gaveramental or muniei- pal Charges, fines, or impositions, levied upon said premises and that he will pay all tsars levied ulsan this mortgage, or th4 debt :recurc~i thereby. tcrgc~ther +vith any other taxeA ar assesxtnentg which may be levied under the taw's of Nebraska against the ;Nrrt•igagee, ar the legal holster of said irincipal note, on accvunC of ehla inde4tedaebs, except. rchen payment fnr all wrch iterns has theretofore 1>k~n rrra.le render (a) of para- graph 2 hercwt, and fze will prornpilp deliver the atliciak r.•ceipty therefor to the ;tltrrtytagec•, In default tht;rcnf the Martgag+x; may laay the ±wmc.