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FE ~~co ~ ~ Ed
<br />gZ--UU300~ 81... ;)0276
<br />To HpvE Axn TO Ho[.n the same unto the Mortgagee, as herein provided. Mortgagor represents to,
<br />and covenants with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises;
<br />that they are free from encumbrance, except as hereinotherwise recited ;that the Mortgagor will warrant
<br />and defend the same against the lawful claims of all persons whomsoever. Mc-rtgagor hereby relinquishes
<br />all rights of homestead, alt marital rights, either in law or inequity, and all ether contingent interests of
<br />the Mortgagor in and to !fie shove-described premises.
<br />PRt3vtDgts ALwAY&, acrd these presents arc executed and delivered upon the following conditions, to
<br />wit:
<br />Mortgagor agrees to pay to the 3ortgagee, or order, the aforesaid principal sum with interestfrom date
<br />at the rate of fifteen & one half lser i-entum (15.5x) per annum on the unpaid balance until paid.
<br />The said principal and internst shall t)e payable at the aiiice of Mortgage Plus Incorporated
<br />in Englew~aod, Colorado , ar at such ether piece as the balder of the note may designate in
<br />writing delivered or mailed to the Mortgagor, in mrxsthfy installments of Three Hundred Ninety One and 50J
<br />Dollars ($ 391.50 ), commencing on the first day of July , 13 gl , amd continuing on 100ths
<br />the first day of each month thereafter until said note is fatty paid, except that, if not sooner paid, the final
<br />payment of principal and interest shalt i>e due and payable an the: first day of June 2011 :all
<br />according to the terms of a terfain taromissar)- mac ri even ,late heeewith executed by the said Mortgagor.
<br />The Mortgagor further agrees:
<br />1. He viii pay the indciar~ine9s, as herFinbe#`z}re providedi. Privilege is reserved to prepay at any
<br />time, .vithaut pr<amrum «rr fee, the entire ;ndeut~iness ur an}' part thereof net less than the amount of one
<br />installment, cr ane hundred dollars {$IOO.t?Oi, whichever is less. !'repayment in full shall be credited on
<br />the date received. Pattie! prepayment, ether than on an install,•ssent due date, need not ke credited unlit
<br />the nesd fotiatvirlg installment due dace or thirty days after such prepayment, whichever is earlier.
<br />2 Tt~ether with, sad in addition to, the monthly payments of principal and interest payable under
<br />the tests of the. Hate secured hereby, Mortgagor will pay to Mortgagee, as tertstee. 4 under the terms of this
<br />trust as hereinafter stated) on the first day of +=ach month until said note is fully paid
<br />fa) A sum c-yual to the ~~rrrund rertis. if ar;y, next ,iue, pins the pre+miums that will next became due
<br />and paYaiat .,r #xsiis-ics .,f lire .and ++th+=r hazard ,nsuranr~= ,~ae•ering the mortgaged property.
<br />plus taxes an.i .~.;«~ssrne=nts next due en ._he mortgag.,ri prnpert}- tali as estimated by the~tcrt-
<br />gagec, anti aF s~hirh the .Llortgagor;~= n.±t;iicd) !+-ss sit sun:, :dreadY paid therefor divided by
<br />the uumlxr nt rnoutfs r,r+•i.'tps.• br•Cnr.-,=n;• rnoar.h srioe !~, the ,isle «~=hen such ground rents,
<br />premiums, taxis and as:+~e;stnr=r,ts :_. ill I,+•~«,tne .i,-iii.+i;;r=nt..,r;ch sums to be held by hiorti~agee
<br />in trust to pas- said ground r.rnt-'s. t.rc,u;unti, lase, zct:d 5iuv-ial a,+,-,c~smsnts.
<br />t&) 'i'her aggregatr~..f'nr= xtr„ants pavabi.~ l~urrarrant t€, ..~uhparag:alsh fit) and those irayable ran the
<br />Hate serurs•d hereirs•, Mhali t>r t_9:-! 'n a stunt=• tsat'mr•;+t r•arh m+>nth. to tx applied to kho foliow-
<br />int{ itr>ma in the =,r-der stated
<br />f 7) grs>und r,;nt.4. tax*=k, .,s;+-4sm,-nts, .=rr~ cacti ..h<<r i;arxxrd }rasuranee {sremiums:
<br />tit} after.•~t.,nihrnot.'s.=cure«hereht;and
<br />tits} .erne=rtiEati+as ~,f t`ne> princi~it -,F mid note.
<br />1ny defserenct it the an;~ant of :ane• such aggregate mr>nthh• tzapnlent shalt, unless made good
<br />b}> the Mortgagor ?riot to the due dale =~f ±l:e nest such pa}°ment, constitute ar. event of default
<br />rsnder ?his rxrr:rtgr:ga•. dt tit ~:;•tgtfi~.a='ac ,~Irti,;n. St+srtgagcrr sviil pay a "sate charge" Hat exceed-
<br />;ng four iyirr r~rrRUSri t-t':t r.f rsn~ ir,5! X13 nee,«t ;a h.~n paid chore than tiftecn { I,) nays after the
<br />due deE:> ther'~af is errs°er the ,~xtra <~spe~nz+z incoivr=d ire handtingdehraar:eht payments, butsueh
<br />.'late charge" shall nest t~ pa>°ahle +,ut e,t" the prr,~ cxads of any sale made to satisfy the indebted-
<br />ness aerurett hereby, unless •ucn Irr«x~,•,~<ls are sutiieierst to discharge the entire indebtedness and
<br />all proper assts and expenses aerur-r=d thercis-,•.
<br />:l. tf the total of the payments made by the Mortgagor under fa) of paragraph 2 preceding shalt
<br />exceed the amount of payments actually made by the Mortgagee, as trustee, for ground rents. taxes and
<br />assesam~enta ar insurance premiums, as the case may be, such excess shall be credited by the Mortgagee
<br />oa sutssegnent paymenLv to be made by the :4iartgagor far such items or, at Mortgagee`s option, as trustee,
<br />shat! he refutsded to Mortgagor. lf, however. such manGhly payments shah Hat be sufficient to pay inch
<br />itetna wheel the setae shalt became due and payable. then the ?iiartgagor shalt pay to the Mortgagee, as
<br />tre:atee, any amount necessary to make up the deficiency within thirty f 30) days after written antics £ram
<br />the Mortgagee stating the amount of the deficiency, which native may be given icy mail if at any time
<br />the Mortgagor shaft tender to the 3ortgagee; in acconiarce with the provisions of the note secured
<br />)u+rtsby, fait paytrcent of the entire indebtedness eel+rr~sented thereby, the Mortgagee, a§ trustee, shall,
<br />in carnputiesg the amount of such indebtedness, credit Les the account of the Mortgagor any credit balance
<br />sesaratrlated under the proviaiaets of i:a} of paragraph 2 hereof. if there shall tse a default under any
<br />of the provislcsa of this rrwrtgage resniting in a pnbiic sate of the premises rovererl hereby, or if the
<br />Attu`tgagee acquirts the property oth€etivise after defantt, the 3iartgageco-, as trustee, shad apply, at the
<br />time of the comreueacement a# such proceedings, or at the time the property is ssthenvise acquired, the
<br />aagwnt ttmn rtnasiniatg to credit the Mortgagor under ta) of paragraph 2 preceding, as a credit an the
<br />iaterart aecrtred anti unpaid sad the balance to the principal then reenalnitta :snpaid an said note.
<br />4. T}te filar of #.bis instnsment shah remain in fuIi force and effect during any lxsstpasrcment or exten-
<br />xbslte csf the torte tf payment of the indebtedsess ar any part thereof scented hereby.
<br />fs, its wi#1 lacy all yyrotsssti rents. taxes, ar~r.aaraenta, water rates, and at„her gaverrutsentai or mnniei-
<br />pat r~ farce, ar im{a~itirsns, ievic+ri upon said preeniaea and that he moil! pay elf taxc~a ieeial upon thin
<br />f~ al€>bt ur~+d thNrehy, tngstl'arr wins tiny tattler fasces tar a.9Naes6rslersts which slLay tse levied
<br />s+~tdrsa't a4rsf f4°~+s~aaSza a~cinst tht? Mortgsgre.9r the iegsd halyder of acid principal nrrte, on account of
<br />the iadebtt!drrass, ta7itrrpt molten lsayment fur sit xucir it+±ens has theretrsfotc krr>ett made tnrder fa) of para-
<br />graplt ~ hrer~sf, aztrl he wtii pr+mrpttY d+~iivrrr the =,iiirkai rFipts therefor t+r t:ha ~t+sr°tgattcw. In default
<br />tll~rr~f the Mnr#gagur may pay thraan+r.
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