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<br />;~- - - ! Second Mortgage '
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<br />~~>~~ m ~i y~ ice.'. ~ for
<br />With Addendual,..far Repaysslent.of Section 235 Assistance ~ Section 235 Cases
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<br />TNYS MORTGAGE,- made and executed this 31st day of March A,O.
<br />lg g~ , by and: between Fanny D. Dubbs and Vicky L. Dubbs, Husband and Wife
<br />of the Gdunty of Iiamilton and State of Nebraska, party of the first part
<br />hereinafter called the Mortgagor and the Secretary of the Department of dousing and
<br />Urban Development
<br />part}t ~f the second part, hereinafter called the Mortgagee.
<br />HITNESSETN: That the said tlortgagor, is justly indebted to the Mortgagee in the
<br />principal Sum of Ninety seven thousand rive hundred sixty & No/100thBolldrs ;$97,56Q.00
<br />which: principal sum will not exceed an amount computed under the terms of the Mote
<br />executed by said Mortgagor on _ March 31, 1x82 with interest, in
<br />accordance with said Note. That as security for said Flote the tlortgagor does by these
<br />presents Grant, bargain, Sell, Convey and Confirm unto the tortgagee, its successors and
<br />assigxss the following describer, reat estate situated in the County of Mali.
<br />State of Nebraska, t0 wit Lot Phree {3), in Block Eleven (11), in Sohn W. Lambert's Addition.
<br />in the City of Grand Island, Kall County., Nebraska
<br />TO NAVE AND TO HOLD the premises above described, with ail the appurtenances
<br />thereunto belonging and including all heating, plumbing and lighting fixtures and equip-
<br />ment now or hereafter attached to or used in connection with said real estate unto the
<br />Mortgagee, and to its successors and assigns, forever. The tlortgagor represents ta, and
<br />covenants with,. the tortgagee, that the Mortgagor has good right to sell and convey said
<br />premises; that *_hey are fees from encumbrance, except far an FHA first mortgage; and that
<br />the tlortgagor will warrant and defend the same against the lawful claims of all persons
<br />whomsoever; and the said Mortgagor hereby relinquishes all rights of hasr~stead, and all
<br />marital rights, either in law or in equity, and ail other contingent interests of the
<br />Mortgagor in and to the above-described premises, the intention being to convey hereby an
<br />a6sodute title, in fee simple, including all rights of hasssestead, and other rights and
<br />interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following
<br />conditions, to wit:
<br />The tlortgagor agrees to pay to the Mortgagee, or order, the principal sum of ninety
<br />seven thousand five hundred sixty and :,io/SOOths------^ DOlidrS ($~37,:60.pQ }
<br />with interest as provided in the Note dated !march 31, ,.9a2 ~~ad executed by tlortgagor
<br />The Mortgagor in order more fully to rotect the security of this 'tortgage, agrees:
<br />1. That he will pay the indebtedness, as her~einbefore provided. Privilege is
<br />reserved to pay the debt in whole, or in an dmaursc equal to <}ne or more ~~cnthly payments
<br />on the principal that are next due nn the note, on ttre 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 prepdysnent.
<br />2, That.. the Mortgagor will pay ground rents, taxes, assessss~nts, water rates, and
<br />other governmental or municipal charges, fines, or impositions, for which provision has
<br />not been seeds hereinbefore, and in default thereof the Mortgagee may pay the saw; and that
<br />the:Mt~rtgagor will prost~tly deliver the official receipts therefor to the Fortgagee.
<br />3. The Mortgagor will pay all taxes which may be levied upon the Mortgagee"s
<br />interesi in said real estate and improvements, and which may be levied upon this n:artgaae
<br />or the aebL secured hereb1• (but only to the extent that such is not prohibited by law and
<br />only to the extent that such-will not make this loan usurious), but excluding any income
<br />tax, State or federal, imposed on Mortgagee, and will file the official receipt showing
<br />such payment with the t+brt:gagee. Upon violation of this undertaking, ar if the Mortgagor
<br />is prohibited by any law now or hereafter existing from paying the whole or any portion of
<br />the aforesaid taxes,. or upon:tk¢e rendering of any court decree prohibiting the payment by
<br />~e Mortgagor or any suc€r taxes, or if such law or decree provides that any amount sa paid by
<br />the ftortgagor shall be credited on the mortgage debt., the #~rtgagee shall have the right to
<br />give ninety days' written notice to the owner of the mortgaged premises, requiring the
<br />peysnent of the ~m~-tgage debt. If such notice be given, the said debt sl-rall become due,
<br />payable and coilec[ibieat theexpirat'eon of said ninety days.
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