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MORTGAGE
<br />__ _~$3 =_ i3C~0~1
<br />With Addendum, for Repayment of Section 235 Assistance
<br />THIS MORTGAGE, made and executed this 28th day of February , A.D.
<br />l9 83 by and between Steven D. Cockerham and Kim M. Cockerham, Husband and Wife
<br />of the County of Hall , and State of Nebraska, party of the first part,
<br />hereinafter called the Mortgagor and the Secretary of the Department of Housing and
<br />Uzban Development
<br />party of the second part, hereinafter called the Mortgagee.
<br />WITNESSETH: That the said Mortgagor, is justly indebted to the Mortgagee in the
<br />principal sum of One Hundred Eighteen Thousand Eight Hundred and No/100ths----- Dollars
<br />($ 118,800.00 ?which principal sum will not exceed an amount crniputed under the terms
<br />of the Note executed by said Mortgagor on Fahrnar~9A~ iau~ r with interest, in accordance
<br />with said Note. Tlk~t 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 u>>t State of Nebraska, to wit:
<br />Lot Fifty Nine (59?, in Castle Estates Subdivision, Hall County, Nebraska
<br />TO HAYS AND Ta 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 Mnrtgagor has good right to sell and convey said
<br />premises; 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 haaestead, and all
<br />marital rights, either in law or in equity, and all other contingent interests of the
<br />Mnrtgagor in and 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 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 Bighteen Thousand Eight Hundred and No/100ths---------------- Dollars
<br />($ 118,800.00 ), with interest as provided in the Note dated Robruas}r 3Q, 3aQ3 and
<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 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 of an intention to exercise such privilege
<br />is given at least thirty (30j days prior to prepayment.
<br />2. That the Mortgagor will pay ground rents, taxes, assessments, water rates, and
<br />other governmen:.sl or municipal charges, fines, or impositions, far which provision has
<br />not. been made hereinbsfore, and in default thereof the Mortgagee may pay the same; and that
<br />t1ke;Mgrtgagor will gro~tly deliver the official receipts therefor to the Mortgagee.
<br />Second Mortgage
<br />for
<br />Section 235 Cases
<br />
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