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~~~~~~a; ;~ ~ Secon{orlortgage
<br />With Addendum,. for Repayment of Section 235 Assistance ~' ~ Section 235 Cases
<br />~ -._J
<br />X32-= .~Q17.3~._
<br />THiS N~}RTGAGE, made and executed this 30tt~ay of April- ,,A.D,
<br />i9 82 , by and b2tv~een David H. Plants and Sally L. Pants, husband and wife
<br />of the County of Ha-i1 •, and State of Nebraska, party of the firs part
<br />hereinafter tabled the tortgagor and the Secretary of the Department of Housing and
<br />Urban Qexelopment-
<br />party of the second part,. hereinafter eatled the Mortgagee:
<br />ilITNESSETH: That the :said i•tartgacTor, is justly indebted to the Mortgagee in'the
<br />principal sum of One. hundred twenty two thousand sixty two & no/IOO Doilars eg122,Ob2.00 )
<br />Hhich principa) sum will not exceed an amountcomputed'under the terms of the Note
<br />executed by said Mortgagor on Aprl.30, 1.:9$2 raith interest, in
<br />accordance frith said Tiate. That as security for said f~ote the Mortgagor does by these
<br />presents Grant., 3argain, Sell, Convey and'Confirm unto-the Mortgagee, itS successors. and
<br />assigns the following described real estate situated in the Coun of Haul
<br />Slate of Nebraska, to wit Cot Sax (6), Potash Subdivision, Ha1T County, Nebraska
<br />TQ HAYE AND TO HQLD the premises above described, vtith a]l the appurtenances
<br />thereunto belonging and including al] heating, plumbing and ]fighting fixtures and equip-
<br />rant nat+-or hereafter attacsed-to or used in connection with said real estate unto the
<br />tortgagee, and to its_successars and assigns, forever. The ttortgagar represents to,-and
<br />covenants with, the Mortgagee, that the Mortgagor has good right. to se]] and convey<said
<br />premises;. that they are feee from encumbrance, except for'an FNA first mortgage; and that
<br />the Mortgagor cvi]1 warrant and defend the same against the lawful claims of all persons
<br />~rhamsaever; and the said t~rtgagar hereby reiinoushes all rights of homestead, and alt
<br />marital. rights, either in lave or in equity, and all oi:her contingent"interests:.of the
<br />74ortaagar in and to the above-described premises, the intention being "to tonvey hereby an
<br />abso]ute;tit]e in fee;simpie, including a]T rights of,hor•+estead and other rights and
<br />nterestsas aforesaid.
<br />PRQVIDED Ai.4iAYS, and these presents are, executed and delivered upon the foilovJing
<br />canditians, a.+•rit:
<br />The t•9ortc~agor agrees to pay to the Mortgagee, or order, the Rrincipa] sum of One hundred
<br />twenty two thousand sixty two and iUO/I40------------- Dollars (3 122,062.00 )
<br />with interest as provided in the Nate. dated April 30, 1982 and executed by Mortgagor
<br />The Mortgagor in order rrrore fully to protect the security of this Mortgave, agrees.
<br />]- That he vain pay the indebtedness, as hereinbefore provided. Privilege is
<br />reserved to pay the debt in whale, or in an ar~unt equal to one or mare mpnth]y payments
<br />on the principal that are next .due on the note,. on the .first day of any month prior to
<br />maturity: Provided, hrnvevpr, Tbat written'notice<of an intention to exercise such privilege
<br />is given at least thirty (34) days prior to prepayment.
<br />Z. That the flortgagar will pay ,ground rents, taxes, assessments, water rates, and
<br />other gavernraental or rtwnicipal charges, fines., or impositions, for which provsian'has
<br />not been ryde here~ttbefore, and in defauit;thEreaf the Mortgagee may, pay the same; and that
<br />the hb rtgagor will Prar~t]y deliver "the official receipts therefor,ta,the_Mortgagee.
<br />3. The Iortgagor wilt pay ail taxes which may be levied upon the Mortgagee's
<br />interest in said real estate and improvements, and whic" ,nay be ]evied upon this mortgage
<br />or *_he debt sec,ired herety (but only to the extant toot such is not prohibited by law, and
<br />only to ',he extee.t that such will hat make this loan usurious), but excluding; any income
<br />tax, Stagy:? cr Federal, i;rpased an 1ortgagee and w]] file the offitaai receipt showing
<br />such paynent wii3t the ~•?vrtgagee. Upon violation of this undertaking, or if the Mortgagor
<br />is Prohibited by any :aw now ar hereafter existing from paying the whole or-any:'portion of
<br />Lhe aforesaid ;axes, or upon the rendering of any court decree prohibitfing the payment by
<br />thn "~'rtpa~or or ana such taxes. or if Seth taw or decree providos that any amaUnL so paid by
<br />Li?e `Art^a ,or shill to crodited on the r€*ortgsge debt, the Mortga~aee shall have the right to
<br />give ninety a v;' ~Vritterr ^otice to the o'Nnar afthe mortgaged pramise~s, repuiringthe
<br />^aynsnnt o'' tn~ ,-ortraae de,t, If s~,c~~ notice be given, the said debt shall became due,
<br />payable a,d ~^i;Ac*.bt~ at the Pxpirat#ant~fsaiG ninety days.
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