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<br />I
<br />
<br />83-+)0171G
<br />
<br />MORTGAGE
<br />
<br />Sr'cond Mortga(j0
<br />for
<br />Section 235 Cases ,
<br />----'
<br />
<br />with Addendwn, for Repayment of Section 235 Assistance
<br />
<br />THIS MORTGAGE, made and executed this 8th day of April
<br />19 8-3 , by and between Karla Jean Pfenning, a single person,
<br />
<br />, A.D.
<br />
<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 />Urban Development
<br />party of the second part, hereinafter called the Mortgagee.
<br />
<br />WITNESSETH: That the said Mortgagor, is justly indebted to the Mortgagee in the
<br />principal sum of Ninety Eight Thousand Six Hundred Forty and No/100ths---------- Dollars
<br />($98,640.00 ) which principal sum will not exceed an amount computed under the terms
<br />of the Note executed by said Mortgagor on April 8. 1983 ,with interest, in accordance
<br />with said Note. Th<tt as security for said Note the Mortgagor does by these presents Grant,
<br />Bargain, Sell, Convey and Confirm un~o the Mortgagee, its successors and assigns the followin
<br />described rea: estate situated in the County of Hall State of Nebraska, to wit:
<br />
<br />Lot Six (6), in Walker's Subdivision, an Addition to the City of
<br />Grand Island, Hall County, Nebraska, excepting a certain tract
<br />of ground deeded to Delphie D. Kosnicki and Elizabeth R. Kosnicki
<br />by Warranty Deed recorded as Document No. 82-004121 in the Register
<br />of Deeds Office, Hall County, Nebraska.
<br />
<br />TO HAVE AND TO HOLD the prpmises above described, with all the appurtenances
<br />thereunto belongin9 and including all heating, plumbing and lighting fixtures and equip-
<br />m('nt now or here"fter attached to or usee! in connection with said real estate unto the
<br />Mortyay~cf and to its ~ucccssors dnu assigns, forever. The ~~rtgagor 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 Mortqagor will warrant and defend the same ag,linst 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 inter('sts of the
<br />Mort<;<.:gor in ilI1C: to the above-describe'l pn~nises, the lntention 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 />
<br />PROVIDED ALWAYS, and these presents are executed and delivend upon the foJ lowinq
<br />conditions, to wit:
<br />
<br />The Mortgagor agrees to pay to the Mortgagee, on order, the principQl sum of
<br />Ninety Eight Thousand Six Hundred Forty and No/lOOths----------------------------- Dollars
<br />($ 98.640.00 J. with interest as provided in the Note dated April R, lqR1 ilnel
<br />eKecut~l by Mortgaqor.
<br />
<br />
<br />'l'he Mortgagor in order more fully to protect the security of this Mortgage, agrec,s
<br />
<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 payment~
<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 />
<br />2. That the Mortgagor will pay ground rents, taxes, assessments, water rates, and
<br />other governmental or municipal charges, fines, or impositions, [or which provision has
<br />nQt been matie hereinbefore, and in default thereof the ~rortgagee may pay the same; and that
<br />th~' Mortgag~r will prOlllptly deliver the official receipts therefe,r to the ~Iortgagee.
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