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`~• ~ Second P3ortgage
<br />~~~~Q~7~~ !~'~~Ri+~s: ~~ for '
<br />With Addendum,. for Re l Section. 235 Cases
<br />payment of Sec ian 235 Assistance 1 i
<br />i. ~
<br />1
<br />THIS P'IORTGA~E, made.. and executed this 3Othday:of April .q.
<br />14 8~, by and betvaeenf Brian J, Zabka, a single person and Danei~~~~Zabka, a single 0'
<br />perscn
<br />of the County of Hall and State of Plebraska, party: of the first part
<br />hereinafter called the d~lortoagor and the Secretary of the Department of Housing and
<br />Urban Development
<br />patty of the second part, hereinafter called the Mortgagee.
<br />t-IITNESSETN: That the sair~ Ffortgagor, is u tl indebted to the Mortgagee in the'
<br />principal sum of 'Sixty thousand: six fiuhdred th'~r~y ~wo and noi200 Dollars ($60,632.00
<br />v,hich principal sum will not exceed an amount computed under the terms of the Rate
<br />executed by said Mortgagor on gpril 30,.1982 ,;with interest, in
<br />accordance t,ith said Note. Shat as secursty for said Note the tortgagor does by these
<br />presents Grant, E3arclain, SeTI, Convey. and Confirm unto the t'lortgagee, its successors and
<br />assigns the following described real. estate situated in the County of Hall
<br />State of Nebraska,_to laic Lot One Hundred Eight (1 Q8) in_Buenavista ,
<br />Addition to the city of Grand. Island ,.Hall County, Nebraska
<br />30 HAVE ARD;TO HOLD the premises above described, with all the appurtenances
<br />thereunto belonging and including all heating, plumbing and lighting fixtures and equip-
<br />merit now or hereafter attached to or used`in connection with said real estate unto the
<br />Mortgagee, and Co its successors and assigns, forevera The ~iortyagor represents to, and,
<br />covenants with, the Mortgagee, that .the Mortgagor has good right. to sell and convey said
<br />premises; that they are feee from encumbrance. except for an E1{A first mortgage; and that
<br />the P~lortgagor will warrant and defend the. same agarl5t the. lawful `claims of all>persans
<br />whomsmsoever, and"the said h~rtgagor hereby relinquishes all rights of homestead, and all
<br />marital rights, either in law or in equity, and aT1 other contingent interests of the
<br />Mortgagor in and o the above-described premises, 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 />PR4VIDE0 Al4tAY5, and these presents are executed and delivered upon the folTowin9
<br />conditions, Lo s~itc
<br />She Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Sixty
<br />thousand six hundred thirty two and no/lO0---------- Dollars (360,632,00 }
<br />with interest as provided'in the Note deted A ril 30 1982
<br />ty ; and executed by 14ortgaoor
<br />The Mortgagor in or"der more fatly to prated the security of this Mortgage, agrees:
<br />1. that he will pay.; the indebtedness, as hereinbefore provided. Privilege is
<br />reserved to pay the debt in whole, ar in an aunt equal to one or more monthly payments
<br />on the principal that. are next due o» the Hate, on the first day of any month prior to
<br />Raturty: Pirovided, however, Shat written notice oi` an intention to exercise such privi9ec
<br />is given at least thirty.;30) days prior to, prepayment.
<br />2. That the Mort a or will ~~ .
<br />g g :.pay ground rents, taxes, assessments, water rates, and
<br />other governmental or ~nicipal charges, fines, ar-impositions, for which. provision has
<br />not been wade herenbefo're, and in default thereof the Mortgagee may pay the same; and ..that
<br />the Mortgagor s+i11 promptly deliver the official receipts therefor to the Mortgagee.
<br />3. The Ptartgagor will pay ail taxes which- may be levied upon-the Mortgagee's
<br />interest in sari real estate and improvements, and which maY be levied upon this mortgage
<br />or the debt secured hereby {but only *_o the extent that such `is not prohibited by law acid
<br />only to the extent that such will not ,;take this loan usurious), but excluding any' income
<br />tax, State or federal, imposed on P~rtgagee, and will file the official receipt showing'
<br />such Payment r,ith the Mortgagee. ,Upon violation of this undertaking, or if the Mortgagor
<br />is prohibited by any law•ncsr or hereafter existing from paying the whole or any portion of
<br />the aforesaid taxes, or upon the rendering of'any court decree prohibiting the payment by
<br />the ;=mortgagor or any such taxes. or if such law or decree provides that any amount so paid°
<br />the '+~s~igagcr shall be credited an the mortgage debt; the Mortgagee shall have: the right to
<br />give ninety day:' .+ritten notice to the.. owner of the`martgaged premises, requiring the:
<br />aays*~ent of tr,e r~ortaaa2 debt. If such notice be given, the'_sad debt sha13 become due,
<br />payable and celteCt~ble at the expiration of said ninety 'days.
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