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<br />! Second tortgage
<br />~g~"'t.l~1®c~~.~. 't1~~1$~~ i;~s:°,~a~ i for
<br />WiPth Addendum, for Repayment of Seetion 235 Assistance section 235 Cases _
<br />THIS "TCIRT(iAGE, made and executed this 28th day of aanuary A D.
<br />19 g(2 by and betvreen Ronald M. Tyler and Marilyn E. Tyler, Husband and Wife
<br />of the County of sell and State of Pebraska, party of the first part
<br />hereinafter salted the Elortgagor and the Secretary of the Department of Housing and
<br />urbarf Developr~nt
<br />party of the second part, hereinafter called the Mortgagee.
<br />idITNESSET'ri: That the said tlortgagor, is justly indebted to the Mortgagee in the
<br />principal sum of Ninety seven thousand two hundred and No1100ths--Dollars {S 97,200.00
<br />Which principal sum w-ill not exceed an amount computed ,.nder the terms of the Mote
<br />executed by said Mortgagor on January 28, 1.982 with interest, in
<br />accordance frith said Pdote. That as security for said tdote the tlortgagor does by these
<br />presents Grant, [iargain, Sell, Convey and Confirm unto the tortgagee, its successors and
<br />assigns the following described real estate situated in the County of xa11 _
<br />State of Ptebrastta, to wit Lot Nine (91, Kallos Subdivision, in the City of G=and Island,
<br />Aaii Caumy, Nebraska
<br />TO HAVE AP10 TO HOLD the premises above described, with all the appurtenances
<br />thereunto belanging and including all heating, plumbing and lighting fixtures and equip-
<br />ment now or hereafter attached to or used in connection vrith said real estate unto the
<br />Mortgagee, and to its successors and assigns, forever. The i•iortgagor represents to, and
<br />covenants r•rith, the tortgagee, that the Mortgagor has good right to sett and convey said
<br />premises; that they are feee from encumbrance, except for an FHA first mortgage; and that
<br />the tlortgagor vain warrant and defend the same against the lawful claims of all persons
<br />whomsaever; and the said Mortgagor hereby relinquishes all rights of homestead, and all
<br />marital rights, either in law or in equity, and ail other contingent interests of the
<br />Mortgagor in and to the above-described prer:!ises, 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 AL'rtAYS, and these presents are ayecuted and delivered upon the following
<br />conditions, to :•rit:
<br />The tlortgagor agrees to pay to the Mortgagee, or order, the principal sum of Ninety
<br />seven thousand two hundred and Nail®tYths- Dollars {$97,20Q.00 }
<br />,
<br />with interest as provided in the tlote dated Januazv 28 1982 and executed by tlortgagor
<br />The tlortgagor in order snore fa.eTTy to protect the security of this tortgage, agrees:
<br />1. That he vain pay the indebtedness, as hereintxefore 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 />matprity: 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 wi2i pay ground rents, taxes, assessments, water rates, and
<br />other governmental ar municipal charges, fines, or impositions, far which provision has
<br />not been made hereintrefore, and in default thereof the Mortgagee may pay the same; and that
<br />the-Mortgagor will promptly deliver the official receipts therefor. to the Mortgagee.
<br />3. The Mortgagor will pay all taxes whictr may be levied upon the Mortgagee's
<br />interest 'in said real estate anal improvements, and which may be levied upon this mortgage
<br />or the debt secured hereby {but only Lo the extent that such is not prohibited by Taw and
<br />only Lo the, extent that such will not rake this loan usurious}, but excluding any income
<br />tax, State.or Federal, imposed on N,ortgagee, and will fire the official receipt showing
<br />Sil~h payr,~nt with the {l~srtcaaee,, Ilpnrt vinlati~.. r,f this ,~„d raking, ^r if trio l~iur tgagor
<br />is prohibited by any law now or hereafter existing from paying the whole or any portion of
<br />the aforesaid taxes, or upon the renderierg of any court decree prohibiting the payntertt by
<br />the 4~uc-g=ior or any such taxes, or if such Tay or decree provides that any amount so paid by
<br />the tt~rr,iajor shall be credited on the nrsrtgage debt, the #Mortgagee shalt have the right to
<br />give r3rr,~ty days. written notice to the owner of the rsaortgaged premises, requirinra the
<br />pa;rt:~cret ~-` the rAOrtetne debt. If such notice be given, the said debt shall became due,
<br />payab~n anti collectit~;e at the experation cf said ninety days.
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