|
<br />MORTGAGE Second Mortgage
<br />for
<br />- -- 83-- Section 235 Cases
<br />OC~Ob~,~
<br />With Addendum, for Repayment of Section 235 Assistance
<br />THIS MORTGAGE, made and executed this 11th day of February , A.D.
<br />19 83 , by and between R. Andrew Hanson and Vicki Lynn Hanson, Husband and Wife
<br />of the County of Hall , and State o€ 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 One Hundred Twenty Four Thousand Two Hundred and No/100ths----- Dollars
<br />($ 124,200.00 ) which principal sum will not exceed an amount computed under the terms
<br />of the Note executed by said Mortgagor on February 11, 1983 , with interest, in accordance
<br />with said Note. That as security for said Note the Mortgagor does by these presents Grant,
<br />Bargain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns the followinc
<br />described real estate situated in the County of Hall State of Nebraska, to wit:
<br />The South Ten (10) feet of Lot Six (6), all of Lot Seven (7), and the
<br />North r^ive (5) feet of Lot Eight (8) Wolfe's Subdivision in the city
<br />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 13ghting 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 />praxises; that they are free from encumbrance, except for an FAA 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 a12 other contingent interests of the
<br />Mortgagor in attd to the above-described premises. the intention being to convey hereby an
<br />absolute title, in fee simple, including all rights of homestead, and other rights and
<br />interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivere3 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 Twenty Four Thousand Two Hundred and No/100ths------------------ Dollars
<br />($ ), with interest as provided in the Note dated February 11, ].983 and
<br />124,2D0.00
<br />executed by Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees
<br />1. That he will pay the indebtedness, as hereinbefore provided. Privilege is
<br />reserved to gay the debt in whole, or in an amount equal to one or more monthly gayments
<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 of 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 />oth e: gv'.er;.~ntal or au.-.ieipal charges, fines, or impositions, for which grovision has
<br />not been made hereinbefore, and in default thereof the Mortgagee may gay the same; and that
<br />thQ Mortgagor will promptly deliver the official receipts therafc~r to the Mortgagee.
<br />
|