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MORTGAGE Second Mortgage
<br />for "
<br />-- - - Section 235 Cases
<br />83- i~G098
<br />With Addendum, for Repayment of Section 235 Assistance
<br />THIS MORTv^AGE, made and executed this 28th day of February , A.D.
<br />19 83 , by and between Benjamin R. Olson and Julie A. Olson, Husband and Wife,
<br />of the County of Hall and State of Nebraska, party of the first party
<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 />t5 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 28, 1983 , with interest, in accordance
<br />with said Note. Ttu-~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 Hall State of Nebraska, to wit:
<br />Lot Thirty One (31), in Castle Estates Subdivision, Hall
<br />County, Nebraska.
<br />TO HAVE AND TO HOLD the pranises 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 free fray 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 i.n 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 simple, including all rights of homesteads and other rights and
<br />interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and deliverEd ugon the ~ol.lowing
<br />oonditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, on order, the principal swn of
<br />One Hundred Twenty Four Thousand Two hundred and NO/100ths--------------------- Dollars
<br />($124:200.00 ), with interest as provided in the Note dated~at„-„s,-~~st~ i gu,~_ 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 (30) days prior to prepayment,
<br />2. That the Mortgagor will pay ground rents. taxes, assessments, water rates, and
<br />other governmental or municipal charges, fines. or. impositions, for which provision has
<br />not been made hereinbefare, and in default thereof the Mortgagee may pqy the same; and that
<br />the MortgagoX w311 graaptly deliver the official receipts therefor to the Mortgagee.
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