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<br />i~IORTG AG E Second Mortgage
<br />for
<br />(~" Section 235 Cases
<br />With Addendum, for Repayment of Section 235 Assistance
<br />THIS MORTGAGE, made and executed this 31st day of January , A.D.
<br />19 83 by and between Sharon M. Merri.:an, a single person
<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 />Orban Development
<br />party of the second part, hereinafter called the Mortgagee.
<br />[9ITNESSETH: That the said Mortgagor, is justly indebted to the Mortgagee in the
<br />--------
<br />principal sum of One Hundred N~.ne Thousand Eighty and No/100ths--------- - Dol ars
<br />(g 109,080.00 ) which principal sum will not exceed an amount computed under the terms
<br />of the Note executed by said Mortgagor on January 31, 1983 with interest, in accordance
<br />with said Note. That as security for said Note tire Mortgagor does by these presents Grant,
<br />Bargain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns the following
<br />described reams estate situated in the County of Hall State of Nebraska, to wit:
<br />Lots Five (5), and Lot Seven (7), Block Eleven (11), College
<br />Addition to West Lawn, an Addition to the City of Grand Island,
<br />Hall County, Nebraska
<br />TO HAVE FVUD TO HOLD the premises above described, with all the appurtenances
<br />themunto 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 free from encumbrance, except for an FHA first mortgage; and that
<br />the Mortgagor will warrant and defend the same against the lawful claims of all persons
<br />whomsoever; and the said Mortgagor hereby relinquishes all rights of homestead, and all
<br />marital 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
<br />absolute title, in fee sirnple, including all rights of homestead, and other rights and
<br />interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following
<br />conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, on order, the principal sum of
<br />One Hundred Nine Thousand Eigk,ty and No/100ths----------°----------- Dollars
<br />($ 169,080.00 ), with interest as grovided in the Note dated January 31, 1983 and
<br />executed by Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />I. That he will pay the indebtedness, as hereinbefore provided. Privilege is
<br />resarved to pay the debt in whole, or in an amount equal to one or more monthly payments
<br />on the principal that are next due on the note, on the first day of any month prior to
<br />maturity: Provided, however, That written notice o£ an intention to exercise such privilege
<br />is given at least thirty (30} days prior to prepayment.
<br />2, That the Mortgagor will pay ground rents, taxes, assessments, water rates, and
<br />otiw:r governrtrt.ntal or municipal charges, fines, or impositions, for which provision has
<br />not been mace hareinbefare, and in default thereof the Mortgagee may pay the same; and that
<br />the Mortgagor will gromptly deliver the official receipts therefor to the Mortgagee.
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