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<br />85- 006357
<br />N10 yamG %Gs.
<br />"With Addendum, for Repayment of Section 235 Assistance"
<br />Second 'lortgage
<br />for
<br />Section 235 Cases
<br />THIS MORTGAGE, made and executed this 23rdday of December ? A.D.
<br />19 85 by and between Joseph G. Anderson and Kimberly M. Anderson, Husband and Wife
<br />of the County of Hall , and State of Nebraska, party of the first part
<br />hereinafter called the Mortgagor and the Secretary of the Department of Housing and
<br />Urban Development
<br />party of the second part, hereinafter called the Mortgagee.
<br />WITNESSETH: That the said Mortgagor, is justly indebted to the Mortgagee in the
<br />principal sum of Thirty Three Thousand Two Hundred Sixty Five & n ?100ollars (S 33,265.00
<br />which principal sum will not exceed an amount computed under the terms of the Note
<br />executed by said Mortqaaor on rkr -amhar 23, 19R5 , with interest, in
<br />accordance with said Note. That as security for said Note the Mortgagor does by these
<br />presents Grant, Qar�ain, Sell, Convey and Confirm unto the Mortgagee, its successors and
<br />assigns the following described real estate situated in the County of Hall
<br />State of Nebraska, to wit Lott Eleven (11), Block Six (6), in College Addition to
<br />West Lawn, City of Grand Island,Hall County, Nebraska.
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances
<br />thereunto belonging and including all heating, plumbing and lighting fixtures and equip -
<br />ment now or hereafter attached to or used in connection with said real estate unto the
<br />Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and
<br />covenants with, the Mortgagee, that the Mortgagor has good right to sell and convey said
<br />premises; that they are feee from encumbrance, except for an FHA first mortgage; and that
<br />the Mortgagor will warrant and defend the same aqainst the lawful claims of all persons
<br />whomsoever; and the said Mortgagor hereby relinquishes all rights of homestead, and all
<br />Tsarital rights, either in law or in equity, and all other contingent interests of the
<br />Mortgagor in and to the above- described premises, the intention being to convey hereby an 'ma
<br />absolute title, in fee simple, including all rights of homestead, and other rights and v
<br />interests as aforesaid. C
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<br />PROVIDED ALIJAYS, and these presents are executed and delivered upon the follav,inq
<br />conditions, to wit:
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<br />The 'Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of C
<br />Thirty Three Thousand Two Hundred Sixty five and No /10011ollars (S 33,265.00 rr
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<br />with interest as provided in the Note dated December 23, 1985 and executed by Mort -,agor
<br />The Mortqagor in order more fully to protect the security of this Mortgaae, agrees: z
<br />1. That he will pay the indebtedness, as hereinbefore provided. f1xkxadAasg tzxxx 9
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<br />ifx: ixtltxalxAR SIIxtkixtXxisiixi2XxxPx isrxt2xitxltP2y=atx "Privilege is reserved to pay the n
<br />debt, in whole or in part, on any installment due date. "!_
<br />2. That the Mortgagor will pay ground rents, taxesi' assessments,, water rates, and
<br />other governmental or municipal charges, fines, or impositions, for which provision has
<br />not been made hereinbefore, and in default thereof the Mortgagee may pay the same; and that
<br />the Mortgagor will promptly deliver the official receipts therefor to the Mortgagee.
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<br />3. The Mortgagor will pay all taxes which may be levied upon the Mortoanee's
<br />interest in said real estate and improvements• anrr whirh m - :v be levied upon_, "is mortgacc:
<br />or the debt secured hereby (but only to the extent that such is not prohibited by law ar.d
<br />only to the extent that such will not make this loan usurious), but excluding any income
<br />tax, State or Federal, imposed on Mortgagee, and will file the official receipt showing
<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 from paying the whole or anv portion of
<br />the aforesaid taxes, or upon the rendering of any court decree prohibiting the payment by
<br />the Mortgagor or any such taxes, or if such law or decree provides that anv amount so paid by
<br />the Mortgagor shall be credited on the mortgage debt, the Mortgagee shall have the right to
<br />give ninety days' written notice to the owner of the mortgacied {?remi;es, requiring• the
<br />pay "stint of the mortganr debt. If such notice be given, the said debt shall hecome due,
<br />payable an,, colle�ctible,� at the exoiratirjn of <,aid ninety days.
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