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� ' � -- ,;. 9�-1�4'74`� r , . � .��- �i�i i�K S�COND MORTGAG� Tliis seconct mortgage is mnde this 5TH ciay of MAY , 19,�, by Arid between B�'1'1' �T.�N MIDBF.RY AND MnNA MARTF. Z�IEDBF.RY, gjTg$AlijD AND Wjgg � wIIOS@ address �S 404 N rRA(:F._ (tRANn ISLAND NEBRASRA 68803 (hereiiinFter "Mortgagor") and'the Federa.l Xome Loan Bank o� Topelca, 200 East Sixth Street, Topeka, ICansas 66603, (hereinafter •Mortgagee") is as folloasr In consideration of the sum of TWO THOUSAND Two HUNDRED FIFTY AND 00/100 ($2,250.00) � the receipt of which is hereby acknowledged, Mortgagor hereby mortgages and warrants unto Mortgagee, its succeasors and assigns� all the following descriUed real eatate situated in the City oF GRAND ISI.�m, HALL County. State of NEBRASKA tn wit: LOT ONE HUNDRED"TWENTY EIGHT (128), IN BELMONT, AN ADDITION TO THE CITY OF GRAND ISI.AND, HALL COUNTY, NEBRASRA. to have and to hold the same. together with all and singular the tenements, hereditaments, and appurtenances thereunto belonging or in anywisa appertaining� forever. Mortgagor hereby covenants and agrees that at the delivery of this inatrument, Mortgagor is the lawful owner of said property, and is seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances except: A first mortgage in favor of FIFTY SEVEN THOUSAND NINE HUNDRED AND 00/100 in the original amouat of $ 57,900.00 � dated ' . MAY 5 . 1999 . and the Mortgagor will warrant and defend the same against all claims whatsoever. The Mortgagor agrees to pay all taxes assessed on said premises before anq penalties or coets accrue thereon, and to keep said premises in good condition and repair and insured in a sum sufficient to satisfy the Mortgagee and issued by an inaurance company satisfactory to the first mortgage holder named above. Mortgagee ahall be named as second loss paqee on such Insurance Pnlicy. " � This mortgage is given to secure the payment of a note in the original amount Of�L+10 THOUSAND TWO HIINDRID FIFTY �$2,250.00 � with the following understanding and agreement of the parties hereto: l. No payment or intereat shall be due or earned cn said note during the time the Mortgagor occupies said property. 2. This deferred loan will Ue amortized (reduced) on a level basis each � month over the first �years ( 6p months) from the date of this , agreement. I