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<br />_ Seoond tlartgage
<br />ag }) ~~ '~•{{ " <"`• for
<br />.. a tfiL.r'~ Y'iS:~s~T:. ~ ;
<br />kiith Addendum,. for Repayment of Section 235 Assistance Section 235 Cases
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<br />$°~' ~ uU~S'74
<br />' THIS h~P.TGAGE, made and executed this 12th day of February A,D,
<br />19 82 , by and between Edward C. Hrandt and Sanice E. Brandt, Husband and Wife
<br />of the County of Hali and State of tebraska, party of the first part
<br />hereinafter called the Mortgagor and the Secretary of the Department of Housing and
<br />Urban t)evelopment
<br />party of the second part, hereinafter called the Mortgagee.
<br />s•JITNESSETH: That the said Mortgagor, is justly indebted to the Mortgagee in the
<br />principal SL'm Of Ninety three thousand nine hundred sixty & no/100tl~llars (S 93,450.00
<br />which principal sum will not exceed an amount computed under the terms of the Piote
<br />executed by said Mortgagor on February i2, 1982 with interest, in
<br />accordance arith said Plote. That as security for said tdote the Portgagor does by these
<br />presents Crant, 3argain, Sell, Convey and Confirm unto the Mortgagee, its successors and
<br />assigns. the following described real estate situated in the County of gall
<br />State of Hebrdskd, t0 wit Lot Fifty-Three {53}, Potash Subdivision, Hall County, Nebraska
<br />TO HRVE AyD TO HOLD the premises above described, with all the appurtenances
<br />thereunto belonging and including all heating, plumbing and lighting fixtures and equip-
<br />ment. na~v or hereafter attached to or used in connection with said real estate unto the
<br />Mortgagee, and to its successors and assions, forever. The ttartgagor represents to, and
<br />covenants with, the tortgagee, that the Atortgaoor has Woad right to sell and convey said
<br />premises; that they are fete front encumbrance, except for an fHR first mortgage; and that
<br />the Mortgagor will ararrant and defend the same against the lawful claims of all persons
<br />aihamsoever; and the said Mortgagor hereby relineuishes ail rights of homestead, and all
<br />marital rights, either in lao-r or in equity, and all ether contingent interests of the _
<br />tortgagor in and to the above-described premises, the intention being to convey hereby art
<br />absolute title, in fee simple, including all rights of homestead, and other rights and
<br />interests as aforesaid.
<br />PROVIDED ALYIAYS, and these presents are executed and delivered upon the following
<br />conditions, to :•rit:
<br />The t;artnagor agrees to nay to the t•'ortganee, or order, the principal sum of
<br />Ninety three thousand nine h~.u~dred sixty and No/100thsD071arS ~~ 93,960.06
<br />with interest as provided in the Mote dated February 22, 2982 and executed by i4ortgarar
<br />The Mortgagor in order more fully to protect the security of this Pfortgaoe, agrees:
<br />1. That he will pay the indebtedness, as herenbefore provided. Privilege is
<br />reserved to pay the debt in whole, or in an amount equal to ene 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, hawever, That written notice of an inten*.ion to exercise such privilee~
<br />is given at least thirty (3p) days prior to prepayment.
<br />2. That the Mortgagor aril] pay ground rents, taxes, assessments, water rates, and.
<br />other governmental or municipal charges, fines, ar impositions, for which provision has
<br />not been made he reinbefore, and in default thereof the Mortgagee may pay the same; and that
<br />the t•tortgagor will promptly deliver the official receipts therefor. to the Mortgagee.
<br />3. The tortgagor will pay ail taxes which may be levied upon the tdortgagee's
<br />interest in sale{ real estate and improvements, and w:tich may be levied upon this mortaape
<br />ar the debt secured hereby (but only to the extent that such is not prohibited by law"and
<br />only to the extent that such wilt not make this loan usuriousJ, but excluding any income
<br />tax;. State or federal, imposed on Mortgagee, and swill file the official receipt showing
<br />such payment arith the t4artgagee. Upon violation of this undertaking, or if the Mortgagor
<br />prvh+b'tcd by n;j la.. ++v.. hcrea'ft^cr ex"tang Pram paying th2 +..ct.,t.. ~+ ny nnp-tinn of
<br />the aforesaid taxes, or upart Lhe rendering of~any court decree prohibiting„the payment by
<br />the f9o+•tna~ar• or any such taxes, or if such law or decree provides that any amount so paid
<br />the tfRrtq~C,.or shai.l be credited on the mortgage debt, the ortgagee sirail have the right to
<br />L give ninety days>' varitten notice to the awner of the mortgaged premises, requiring the
<br />payment of *he mortgage debt, If ':uch notice be given, the said debt shall become due,
<br />payab?e and collectible at the expiration of said ninety days.
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