|
J
<br />5-- 002"746
<br />Second tlortaage
<br />for
<br />Section 235 Cases
<br />"With Addendum, for Repayment of Section 235 Assistance"
<br />T'? 8S Hlby�ndr�etVreeade and 11 executed Throop andtNaney J June
<br />Nancy coop, Husband and Wife ' A.D.
<br />of the County of Hall , and State of ka, hereinafter tailed the t�lartgagor and the
<br />Urban Development Secretary of het Depa t part of the first ment of Housing and Part
<br />��
<br />Party of "the second part, hereinafter called the Mortqaqee.
<br />1ITtiESSETfI: That the said Mortgaaor, is
<br />Principal sum of Thirty Six Thousand :Vine Hundred justly Findebted to the Mortqaqee in the
<br />whiLh principal, sum will riot exceed an anounr. Dollars ;36,91.4.00
<br />executed by said Mortgagor on Joe 7, 1985 computed under the terms of the Note
<br />accordance with said Note. That as security far said Mote the tlortgagortdoes tby� these
<br />presents Grant, bargain, Sell, Convey and Confirm unto the Mortgagee, its successors and
<br />assigns the fallowinq described real estate situated in the County of Hail
<br />State Of Nebraska, to wit Lot Five (5) Colonial Estates Third Subdivision n t e c t
<br />of Grand Island, Hall County, Nebraska. y
<br />TO HAVE AND TO HOLD the premises above described, with all the a
<br />thereunto belonging and including all heatina, plumbing and lighting fixtures and equip-
<br />ment went now or hereafter attached to or used in connection with said real estate unto the
<br />Mortgagee, and t quia-
<br />9 g o its successors and assigns, forever.
<br />covenants with, the Mortgagee, that the Mortcagor has gooderightgtoosellp and econvevo, said and
<br />Premises; that they are fee'e from encumbrance, except for an FHA first r
<br />the Mortgagor .Viii warrant, and defend the same against the lawful claims of all Person
<br />mortgage; and that and -ye said '�ortaaeor hereby relinouishes all rights of homestead, and all
<br />marital right;, e.her in law or in e l
<br />epJity, and all other contingent interests of the
<br />t�ortpagor in anJ to the above - described premises
<br />absolute title, in fee simple, including all intention
<br />other hereby an
<br />interests as aforesa' . rights and c
<br />C
<br />ppDV:DrD ALa�� <vS, and these presents are executed and delivered upon the followin C
<br />rr
<br />°'?n ditions, rG lV't:
<br />9 �
<br />The "10- tgagor agrees to pay to the 'port;; c -.
<br />Thirty Six Thousand Nine Hundred €`o7►srtek:n and tiol�l00th�011arahe principal sum Of C
<br />($36,914.00) <
<br />witil interest as Provided in thr 'Jute datf °G 3cin. ! rr rr
<br />1985 and executed by Mortgagor
<br />The Mortgagor in order more `u11,1 to protect the security of this tlortgaae, agrees:
<br />?
<br />1. That he will :)ay 4
<br />reserved to pay the deba�inhwhole�bordinsan amount eequalato provided. Privilege is
<br />On the principal that are next due on the note, on the first da or of�ane monthly Payments R
<br />maturity: Provided, however, That written notice of an intention to exercise such rivil 2
<br />is given at least hint +• * y y prior to
<br />(30) days prior to prepayment. P eCr
<br />2. That he Martganor will �
<br />other governmental or municipal charges, fines, or impositionsss ortwhichtPr rates, and
<br />not been made hereinbefore, and in default thereof the Mortgagee may Provision has
<br />the Mortgagor will promptly deliver the official receipts therefor to the Mortgagee. and that
<br />3. The tiortgagor will
<br />interest in said real estate pand aimorovements, anaywbechem�vdbepl� the `upon+his
<br />or the debt Secured hereby (but only to the extent that such is not levied Libi .!its mortgage
<br />only to the extent that such will not .make Prohibited by law and
<br />tax. State or Federal, inviosed on tlortc_aagee, and iwill usurious), excluding any income
<br />such payment with the Mortgagee. Upon violation of this undertaking, or if the Mortgagor
<br />is Prohibited by any law now or hereafter existing rom paying ®tion o
<br />t. €1e aforesaid taxes, or upon the rendering of any court decree Prohibiting the Payment
<br />thelotrialar or an y portion of
<br />y such taxes, or if such law or decree u y ent by
<br />the t }rtgagor -,hall be credited an the m- ortgacle debt, the Mortgagee shall have the r°
<br />Provides that an.y amount so paid t
<br />give nioet.y days' written, notiec� rc�
<br />Pays nt. r the owner of thc� mortgaged premises, Q tght to
<br />o> thy= tc,yge deli,- If such r�r�tir,, tarp re airing the
<br />aya�;le aura °� 11er.:ti1,1(1 it, file px^) i given, the said debt shall become due,
<br />ratir)n n. ;,jir9 ninety days.
<br />i
<br />
|