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} � 99- s+�so� . 1 � \ . •RAL � / `�13ANIC L�.1NV S�COND MORTGAG� Tl�is seconcf mortgage is made this 14th clay of _, Ma , 1999 , by anct ber�+een Mi gueTA Marti nez, i n�l e Person , wliose adcfress is 214 S Broadwel l , rand Island, NE 68801 lhereiiinfter "Mortgagor") and•the Federa� Xome Loan Bank of Topelca, Z00 East Sixth Street, Topeka, Ransas 66603, (herainafter •Kortgagee") �s as folSowst In consideration of the sum of Two •thousand two hundred fifty & 00/100** �52,250.00) � the receipt of Which is hereby ackno�rledged� Mortgagor hereby mortgages and Warrants unto Mortqagee. its succesaors and assigas� all the folloaing described real eatate situated in the City oFGrand Islaa'�d Ha11 couRCy, stace nf Nebraskaco wit: The Northerly 67.4 feet of Lot Ten (10) , and 'the Northerly 67.4 feet of the Easterly 20 feet of Lot Nine (9) , all in Block Thlrteen (13) in Charles Wasmer's Addition to the City of Grand Island, Hall County, Nebraska. to have and to hold the same� together �rith all and singular the tenemeats� hereditaments� and appurtenancas therauato balonging or in any�+ise appertaining. forever. Mortgagor hereb7 covenants and agrees that at tha deliverp of thia instrument. Mortgagor ia the lavrful owner of said property. and is saized of a good and indefeasible estate of inheritance therein� free and clear of all encumbrances except: A first mortgage in favor of Major Mortgdge in the original amount of $ , � dated . May 14th � �9 99. and the Mortgagor vrill warraat and defend the same againat all claims ahatsoever. The Mortgagor agrees to pay all taxes assessed on said premises before any panalties or coste accrue thereon� and to keep said premises in good condition and repair and insured in a sum aufficieat to satisfy the Mortgagee and issued by an insurance company satisfactory to the first mortgage holder named above. Mortsagee shall be aamed as second loss �ayee on such Insurance Policy. � Thiz mortgage is given to secure the pa �� a� note in the original amount of Two thousand two hundred fiftY��;,�5u.uu ) With the follov►ing underatanding and agreement of the parties hereto: l. No payment or interest shall be due or earned on said aote during the time ehe Mortgagor occupies said property. 2. This deferred loan will be amortized (reduced) on a level basis each moath over the first �ears (60 months) from the date of this , agreement. �