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MORTGAGE
<br />This.Mortgagc'made as.of the Twenty. Seventh day of February 1975 between
<br />George Leetch. - (hereinafter called, and if more than one party jointly and
<br />severally hereinafter called "Mortgagor' residing at.547 East 12th Hall County, Nebraska
<br />and the United States of America (hereinafter called "Mortgagee"), acting by and through the Department of Housing and Urban
<br />Development having a Regional Office at 911 North Walnut Street, Kansas City and
<br />State of Missouri
<br />WITNESSETH,. that to secure the payment of an indebtedness in the principal amount of Sixteen thousand one
<br />hundred fifty._ Dollars ($ 16, 150. 00 ), with interest thereon, which shall be payable in accordance -with a
<br />certain note bearing. even date herewith, a true and correct copy of which, exclusive of the signature of the Mortgagor; marked
<br />"Schedule A" is annexed hereto and made a part hereof, and all other indebtedness which the Mortgagor is obligated to pay to
<br />the Mortgagee pursuant to the provisions of the Note and this Mortgage, the Mortgagor hereby grants, conveys and mortgages
<br />to the Mortgagee:
<br />The following described property situate in Hall County' Nebraska.
<br />Lot two (2) in Capitol Hill Addition to the'
<br />City of Grand Island, Hall County, Nebraska
<br />TOGETHER, with all appurtenances thereto and all the estate and rights of the Mortgagor in and to such property or in
<br />anywise appertaining thereto; all buildings and other structures now or hereafter thereon erected or installed, and all fixtures
<br />and articles of personal property now or hereafter attached to, or used in, or in the operations of, any such land, buildings or
<br />structures which are necessary to the complete use and occupancy of such buildings .or structures for the purpose for which they
<br />were or are to be. erected or installed, including, but not limited to all heating, plumbing, bathroom;lighting, cooking, laundry,
<br />ventilating, refrigerating, incinerating, and air-conditioning equipment and fixtures and ,all replacements thereof and additions
<br />thereto, whether or not the same are or shall be attached to such land, buildings or structures in any manner;
<br />TOGETHER, with any .and all awards now or hereafter made for the taking of the property mortgaged hereby, or any
<br />part thereof (including any easement), by the exercise of the power of eminent domain, including any award for change of
<br />grade of. any street or other roadway, which awards are hereby assigned to the Mortgagee and are deemed a part of the property
<br />mortgaged hereby; and the Mortgagee is hereby authorized to collect and receive the proceeds of such awards, to give proper
<br />receipts and acquittances therefor, and to apply the same toward the payment of the indebtedness secured by this Mortgage, not-
<br />withstanding the fact that the amount owing thereon may not then be due and payable; and the Mortgagor hereby agrees, upon
<br />request, to make, execute and deliver any and all assignments and other instruments sufficient for the purpose of assigning each
<br />such award to the • Mortgagee, free, clear and discharged of any encumbrances of any *kind or nature whatsoever; and
<br />TOGETHER, ,with all right, title and, interest of the Mortgagor in and to the land lying in the streets and roads in front of
<br />and adjoining the.'above described land (all the above described land, buildings, other structures, fixtures, articles of personal
<br />property, awards and other rights and interests being hereinafter collectively called, the "mortgaged property").
<br />TO HAVE AND TO HOLD the mortgaged property and every part thereof unto the Mortgagee, its successors `and assigns
<br />forever for the purposes and uses herein set forth.
<br />AND the Mortgagor• further covenants and agrees with the Mortgagee; as follows:
<br />1. The Mortgagor will promptly pay the principal of and interest on the indebtedness evidenced by the Note, and all other
<br />charges and indebtedness provided therein and in this Mortgage, at the times and. 'in the manner provided in the . Note and in
<br />this Mortgage.
<br />2. The Mortgagor will pay when due, as hereinafter provided, all ground rents, if .any, and all taxes, assessments, water
<br />rates and other governmental charges, fines and impositions, of every kind and nature whatsoever, now or hereafter imposed on
<br />the mortgaged property, or any part thereof,. and will pay when due every amount of indebtedness secured by any lien to which
<br />the lien of this Mortgage, is expressly subject. .
<br />3. This Mortgage and the Note were executed and delivered to secure moneys advanced, or to be advanced, by the Mortgagee
<br />as or on account of a .loan evidenced by the Note, for the purpose of making the improvements described or, .referred to in
<br />the specification and bid sheet - - dated December 6 19 74; to or on the
<br />mortgaged property; and for such other purpose, if "any, described. or ,referred to therein, which improvements are hereafter collec-
<br />tively called "Improvements:' The Mortgagor "shall make or cause to be made all. the Improvements. If the construction or
<br />installation of the' Improvements shall not be carried : out with reasonable diligence, or shall be discontinued at any time for
<br />any reason, other than strikes, lockouts, acts of God, fires, floods or other similar catastrophies, riots, war or .insurrection, the
<br />Mortgagee after due notice to the -Mortgagor is hereby authorized (a) to,enter upon the mortgaged property and employ any watch-
<br />men to protect the Improvements from depredation; or injury and to preserve,and protect such property, (b) to carry out any
<br />or all then existing. contracts between ,the Mortgagor, and other parties ; for ,the purpose of making any of the Improvements,
<br />(c) to make and enter into additional'. contracts and ,incur obligations for the purposes, of completing the Improvements pursuant
<br />to the.obligations of,the Mortgagor.hereunder, either in the name of the Mortgagee or the Mortgagor,'and (d) to pay and discharge
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