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A . . I <br />"Fo`rm HU15"No. 6237-Neb. <br />(Sec.� 312 Loan) <br />(Revised 'Aug. 19.70) <br />Project No. NDP NE A2 <br />Loan No.: 31/A--;2/29/1 <br />$ 11,900.00 <br />-PROMISSORY NOTE <br />Place: <br />Grand Island, <br />Date: September 29, 1975 <br />Ncbraski <br />FOR VALUE.RECEIVED, the undersignM jointly and severally promise(s) to pay to the order of the United States of ' <br />America (herein called the "Government"), acting by and through the Secretary of Housing and Urban Development, or his : <br />successors,*the sum -of Eleven Thousand Nine Hundred.and no/100 <br />Dollars, ( $11,900.00 and to pay interest on the unpaid principal amount of this Note from the date <br />hereof, at the rate of Three per centurn (3tJo) per annum, until paid. Both the Principal and interest on this Note are payable on <br />the First Day of Each Month in 240 monthly installments, including both principal and interest, commencing <br />with a payment of $ 9 6 . 9 8 on November 1 .19 75 , and of $ 66. 05 the First <br />Day of Each Month for the remaining 239 months, commencing on - December 1 19 75 <br />in lawful money of the United States at the principal office of Conservative Mortgage Co. <br />.in Minneapolis, Minnesota or at such other places as shall be designated by the Government. <br />The undersigned reserve(s) the right to prepay at any time all or any part of the princip'al amount of this Note without <br />the payment of penalties or premiums. All payments on this Note shall be'applied first to the interest due on Note, and then <br />to the principal due on the Note, and the remaining balance shall be applied -to late charges if any. Except as provided below, <br />all monthly i . nstallment payments on this Note shall be credited as of the due date thereof without adjustment of interest because <br />paid either b6fore or after such due date. <br />IN THE EVENT the undersigned shall fail to pay the interest on or principal amount of this Note when due, and if <br />such failure be subsisting on the date the next* installment Payment under thii Note becomes due and payable, the unpaid <br />principal amount of this' Note, together with accrued interest and late charies" shall become due and payable, at the option of. <br />the Government, without notice to the undersigned. Failure of the Government to exercise such option shall not.constitute a <br />vvaiver of such default. No default shall exist by..reason of nonpayment of any required installment of principal and interest so <br />-long as the' amount of the optional prepayments. already made pursuant hereto equals or exceeds the amount of the required <br />installments.' If the interest on, and principal of, this Note are not paid during the calendar month which includes the dud <br />date, the undersigned shall pay to the Government a late charge of iclo per calendar month, or fraction thereof, on the amount <br />_past due and remaining unpaid. If this Note be reduced to judgment, such judgment should bear the statutory interest rate om <br />lifhments, but*not to.dxceed 6% per annum. <br />IF suit is instituted by the Government to recover on this Note, the unde . rsigned agree(s) to pay all costs of such collection <br />including reasonable attorneys' fees and court costs. <br />THIS NOTE is secured by' Mortgage duly filed for record in, <br />Register of Deeds Office, Hall*County, Nebraska <br />DEMAND, protest and notice of demand and protest are hereby waived, and the undersigned hereby waives, to the extent. <br />authorized by law, any and all homestead and other exemption rights which otherwise would apply to the debt evidenced by <br />this Note. <br />IN WITNESS WHEREOF, this Note has been duly executed by the undersigned, as of its date. <br />John Oliver <br />Jeannine'Oliver <br />