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<br />; n ' Second h?ortgage
<br />{'Si~l~ s~~x ~~ ; for
<br />Stith Addendum, for Repayment of Section 235 Assistance - j Section 235 Cases
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<br />~3~....~ Q,f ? 3 3 ----
<br />THiS idE1RTGAGE, made and executed this 30th day of April A,D,
<br />14 82 by and he weer Preston S_ Hesse3gesser and Victoria A. Hesselgesser, husband
<br />and:. wife
<br />of the County of Hall and State of Nebraska, party of the first part
<br />hereinafter called the l~lortgagr~r and the Secretary of the Department of Housing. and
<br />l;rban Bevelogmen
<br />party of the secand part, hereinafter called the Mortgagee.
<br />l3TTNESSETH: That :the said Mortgagor, is justly indebted to the,Mprtgagee in the
<br />principal sum of One hundred forty ona thousand three hundred thirt;{7o ars ;$1~I,332.Q0
<br />which principal sum will not exceed an anount eomputed under the terms of the Nate'
<br />executed'by said Mortctagor an April 30, 1382 ~ with interest; in
<br />accordance with said tsote_ That as security for satd hate the liortgagor does by these
<br />presents Grant, bargain, SeIT, Convey and Confirm unto the tortgagee> its-successors and
<br />assigns the following described real estate situated in the County of Hall'
<br />State of Nebraska, to wit Lot Eight j8}, in Castle Estates Subdivisio ,
<br />County, Nebraska
<br />TO NAPE AND 7R HOLD the premises above described, with aTT the appurtenances
<br />thereunto belonging and inaludinq all heating, plumbing and lighting fixtures and equip-
<br />meat now or hereaFter attached to or used in connection with said real estate unto the
<br />t'tortgagee, and to its successors and: assigns, forever.. The "•?ortgaaor 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 FHA first mortgage, and that
<br />Lhe ;9ortgagor will warrant and defend the same against the Tawfui claims of all persons:
<br />4iharnseever; and the said Ph~rtg.~cor hereby relinquishes all rights of hort+estead, and alll
<br />marital rights, either in law or in equity, and all other contingent interests 4f the
<br />S~?cirtgagor i,^. and to the at~ove-described nre~,i::es, the intention being to convey hereby an
<br />absolute title, in fee si!^ple, including all rights of homestead, and other rights andr
<br />interests,as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon. the follovring
<br />COnditi0ns, to wit:
<br />The tkirtgagor agr+~Qs to pay to the Mortgagee, or order, the principal sum of One hundred
<br />forty one thousand three hundred thirty two and Noll d© Dollars (~ 141,332.00 '
<br />with interest as .provided in the Note dated. April 3f1, 1gYand executed by t4ortgagor
<br />The Mortgagor in order more fully: to ~ratect the security of this ttortgaoe, agrees:
<br />~.
<br />1. That he s~aill pay the indebtedn?ss, as herei~~before provided: Privilege is
<br />reserved to pay the. debt in whole, or in an amount equal to 'one or more mpnthly payments
<br />an the principal that are next'due on the note, on the first day of any month prior to
<br />maturity: Provided, nosvever, That written notice of an intentipn to exercise such priviler
<br />is giiren at least thirty !30}.days prior to prepayment.
<br />2. That the Mortgagpr will pay ground rents, taxes, assessments, water rates, and
<br />.other. governmental or municipal charges; fines, or impositions, for which provision hc~s
<br />net ^een node hereinbe~ore, and in default thereof the Mortgagee may pay the same; and that
<br />the j•?ortgagDr will 'prormtly deliver the official receipts therefor, to the tortgagee,
<br />3. The !!ortgagor will pav aTi taxes which .:nay be levied uponn the Mortgagee"s
<br />interest in said real estate and improvements, and which may be levied upon this mortgage
<br />or tie rebt secured hereby: (but only to the extent that such is not prohibited by law and
<br />only t-; -ae extent that such wi3,l oat r~.ake this loan usurious}, but excluding any income
<br />tax, ;tote or Eederai, imposed on liortaagee, and will file the official receipt showing..
<br />suc, ~s,rrent with the Mortgagee... Upon violation of this undertaking, or if the Mortgagor
<br />,s or^~,i5i;.ed by arxy law now er hereafter exsting from paying the whole. or .any portign of
<br />* r ~`oresaid taxes, ar upon the rendering of any court degree prohibiting the payment +oy
<br />tie <tor'.3agor or any s,sch taxes, or if such law ar decree provides triat any amount so paid
<br />t!~e "ortgagor ~Rall` be eredited on the mortgage. debt, the Mortgagee shall haue'the right to
<br />g'v° `~~^.pty days' wri„ten notice to the owner of the mortgaged premises, requiring the
<br />C~arr+dnt of tlsn +^r+rtga?e .debt. If such notre be given, the said debt shall become due,
<br />p~Yah'e ands ;~ectib?e atth~~expirationofsaidr~inetydays.
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