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<br />83.-000042
<br />
<br />l\I(()RrfGA(}E
<br />
<br />Second Mortgage
<br />for
<br />Section 235 C~18es
<br />
<br />With Addendllm, for Repayment of Section 235 Assistance
<br />
<br />19 82
<br />
<br />THIS MORTGAGE,
<br />, by and between
<br />
<br />made and executed this 31st
<br />David W. Kutschla:Ul and StHilEln
<br />
<br />
<br />Deeember f A...D...
<br />, Husband and Wff e
<br />
<br />of the C()tmty of~ , and State of Nebraska, party of the first pa.rt,
<br />lia 11 find
<br />her~~inafter called the Mortgagor and the Secretary of the Department 0 Hous ng a
<br />Urb~m Development
<br />party of the sec:ond part, hereinafter called the Mortgagee.
<br />
<br />WITNE:SSETH: That the said Mortgagor, is justly indebted to the Mortgagee in the
<br />principal sum of' One hundred ten thousand eight hundred and No/lOOt:.hs-----Dollars
<br />($ 11?, 880.00 ) which principal sum will not exceed an amount computed under the terms
<br />of the Note ex(~c:uted by said Mortgagor on December 3L,1.982 , with interest, in accordance
<br />wit~h said Note. 'rhclt as security for said Note the Mortgagor does by these p.resents Grant,
<br />Bcu:'gain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns the following
<br />des~C'ribed real E~statel situated in the County of Hall State of Nebraska, to wit:
<br />
<br />Lot:. Fourteen (14), Castle Estates Su bd iv lSlon, Hall County, Nebrask..a.
<br />
<br />TO m\VE AND TO HOLD the pr~ises above described, with all the appurtenances
<br />thE~reunto belonqi.ng and including all heating, plumbing and lighting fixtul"eS and
<br />ment now or herE~after attached to or used in connection with said real estate untot.he
<br />Mortgagee, and tc> its successors and assigns, forever. The Mortgagor represents to, and
<br />covenants with, t:he 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 />th~e Mortgagor will warrant and defend the same against the lawful claims of all persons
<br />whomsoever; and the said Mortgagor hereby z:e1inquishes all rights of hanestead, and all
<br />marital rights, either in law or in equity, and all other contingent interests of the
<br />Mo:~tg~gor 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 o.ther ~ights and
<br />in'berests as afloresaid.
<br />
<br />
<br />
<br />PROVIOEDALWAYS, and these presents are executed and delivertd upon the following
<br />co:nditions, to wit:
<br />
<br />The M()rtg8gor agrees to pay to the Mortgagee, on order, the principal sum of
<br />
<br />Ot1te hundred ten thousand eight hundred eighty and No!lOOths____________________Dol1ars
<br />($110,680.00. .), with interest as prov~ded in the Note dated Decef':dber 31,1982 and
<br />
<br />executed.byMQrtgaqor.
<br />
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />
<br />pay the indebtedness, as hereinbefore provided. Privilege is
<br />'the debt in whole, or in an anlount equal to one or more monthly payments
<br />are next due on the note, on the first day of any month prior to
<br />That written notice of an intention to (;,~xercise such privilege
<br />days pri,or to prepayment.
<br />
<br />will pay ground rents, taxes, assessments, water rates, and
<br />chaxges, fines, or impositions, for which provision has
<br />in 4efault thereof thf..: Mortgagee may pa,y the same; and that
<br />official therefc)r to the Mortgagee..
<br />
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