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81--+)c.iLi4~:~ Ta HAVE atva To Ilarat 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 hereinother4vise recited ;that the Mortgagor will warrant (~ and defend the-same against the lawful claims of all persons whomsoever. ~tilortgagor hereby relinquishes !! all Tights srf homcsterul; all marital rights, either in taw or in equity, and all other contingent interests of the poi tgsgor in and to theabove-described prefrtises. ]i~RttY[ii&U ALWAYS, gntl these presents are executed and delivered upon the following conditions, to wit: Mortgagor agrees to pay tct the Mortgagee, or order, the aforesaid principal sum with interest from date at t}ze rate of fifteen & one half per centum (1S. S`c} per annum on the unpaid balance until paid. The said principal and interest shat{ be payable at the office of Hrtgage Flus Incorporated in Englewood, Colorado , or at such other place as the holder of the note may designate in writing delivered or mailed to the Aortgagor, in monthly installments of Two Hundred Ninety Seven and 88/ ' Dollars ($ 297.88 ), commencing an the first day of Auqust , 19 81 ,and runtinning on 100ths - the first day of each month thereafter until said note is fully paid, except that, if not sooner paid, the finial ' paymentof principal and interest shall be due and payable on the first day of July 2001 ;all according to the terms of a certain promissory Hate of even date herewith executed by the said hortgagor. The Mortgagor further agrees: 1. He will pay the indebtedness, as hereinbefore provided. Privilege is reserved to prepay at any titste, without premium ar fee, Che entire i ndebtc~dness rn• any paz•t 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 neat following installment due date ar 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 tnzstee, (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 ;,remiums that will next become due and payable err policies of fire and ether hazard insurance covering the mortgaged property, plus taxes and :tseasments next due r,n the mortgaged property tali as estimated by the Mort- gagee. and of :tihich the Mortg-agar rs notitirKlt less all <uazs already paid therefor divided by the- numt~r oI m+,nths k=, ,•lalzse tx•tore +,nr mtusth prior tc, ttrc elate when such ground rents, premiums, tom. s and :issesamruts is ill become delinquent, such sums to be held by Mortgagee in trust to I>ay xazd ground rents, prt.miums, taxes aml special assessments. (b) The aggregate .,f the amounts pad able pursuant t.a subparagraph (rr) and those payable on the nof.e sec:nred treret,,y, shall txa;arid iu a singl<~ pa~•tntvrt each month, to be applied to the follow- ing items inthe vrtler stated t'I) grvund rents, taxes. assessnzants, fire aml ether hazard insurance premiutna; (If} uaurest d,ti the n„te svtt:Urcd hereby ; azrd (tq} :zmortizatian of the princ-ipal of said note. Any defzc;rnry icz the .u»uunt of :cny such ag~gate monthly payment shall. unless made good by the Alartgagor prior to khe dne date of the azext such paymt_nt, c'c=nstitut~ an Qvent of default under this rzl.,rtgage. At 4iorigagee's aptiori, .7ortgagar will pay a "late charge" Hat execed- ing four par amtutn t ~l'.r) of any install menf cvhan paid more than fifteen (I5) days after the due date thereof to cover the .•xtra t•xpense invale~l in h andiing delinquent payments, but such "fate charge" shat! not tx payable out of the prrx;ee~ls of any sale made to satisfy the indebteei- nesa secured hereby, unless suer pn,ceftls are sutcient tei dtsclzarge the entire indebtedness and all proper oasts and expenses secured thereby. 3. if the total of the payments made by the Mortgagor under (.¢} of paragraph 2 preceding shall exceed the amount of payments actually made by the Mortgagee, as trustee, for grauad rents, taxer and asaessntenta or insurance premiums, as the case may be, such excess shall be credited by the Mortgagee on atbsequeat 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 sha}1 become doe and payable, then the 4ortgagor shall pay to the Mortgagee, as trustee, any arriaunt net:essary to make up the deficiency K-ithin thirty (30) days after written notice fratrz the llEortg~a stating the atnouat of the def~iency, which notice may be given by mail. If at any time the Mortgagor shall tender to the Mortgagee, in ac:cardance with the provisions of the note set:ured hereby, full papmeut of the attire indebte{Iaess represented thereby, the Mortgagee, as trustee, stroll, in easoputing the arnount of such indebtedness, credit :s the account of the Mortgagor any credit balance accumulated under the provisions of (¢} of pass6raph Z hereof. If there shall be a default undor any of ttte provisions of this mortgage resu)ting in a public sale of the premises covered hereby, or if the acquires the property otherwise after default, the Mortgagee, as trustee, shall apply, at the tithe of the c~ttmaASrtc+ement of such prroeeedings, or ak the time the property is otherwise acquired, the a?l: t remainin;Q to credit the Mortgagor under (¢} of paragraph ~ preceding, as a credit on the Inkeremt;accxued siui.uapsid and the balance to the principal then reruaining unpaid on said. trots. d. 'F)e.l~it of ids in~runterk =ha?'• rt.~.:in iIi full-force and Efeer:t daring arty past~.:telr:art ar ~ ~t clod of tt~ ttnas of paymettk of the indebtedness ar any part thertwf secured hereby. &. tic will pay all ground.renka, taxcs„as~vvtut•tnente,, water rates, and other gavertunental or tnunici- pat ch:u'ges~ Via,. or irupoaitiirits, kevied tipan said prerhisea and tl~t he will. pay all taxes lr--vied upon this mrvrtgage, t~,,tia; debt secured thereby, togekher withany other takes or-assessnzezxta whiett may be levied ucltder tYte laava`ef lgebraskasgainsk khe Martee, ar the legal holder of said principal nuke, an account o€ thi,~,%pdc+btedtwsur, except n°hen paytrtorlt fat hll such Items bar theretofore been made urs<lnr (u} uf pxx•a- g~a~i!- 2 laerettf, and he wil) ItrtNUptly deliver file tat}loal rt?€eipts therefor to tine Martg In default t~reol the AidrkgalCop may pay the sarrto.