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<br />y .. , . y .ti; ~ 'P..
<br />~; ,_. ~ I Second 1~lortgage
<br />- 'lr~~~~il~i: ti~ - ~ for
<br />with Addendum,.fbr Repayment of Section 235 Assistance Section 235 Cases -
<br />i_._)
<br />_. 82--~i12339
<br />THIS MORTGAGE, made and executed this lath day of June A.D.
<br />19 82 , by and'betv+eerr `tennis A`. Korgel and Marilyn A. Korgel, Husband and Wife
<br />of the County of Hali and State of Pebraska, party of the firsi part
<br />hereinafter called. the'i~lortgagor and the Secretary of the Department of Housing and
<br />Urban Development
<br />party of the second part, hereinafter called the Mortgagee.
<br />IJITNESSETH: That-the said Mortc~agaor is j~s~l~ inde~te~d t tt~ie Mortgagee im the
<br />principal Sum Of One Hundred twenty TI'iousan o ty an o/ISo 6bllars` {$ 122,040.00
<br />which principal um wil} not exceed ah amount computed under the terms of'the Note
<br />executed by sa nd Mortgagor on June'la, 1982_ with interest,-in
<br />accordance with said-Nate. 'That as security for said Hote the tAOrtgager does by_these
<br />presents Grant, bargain, Sell, Convey and Cohfirm unto the Mortgagee, its: successors and
<br />assigns the following described: real-estate-situated in the County of xall
<br />SLdtE Of PtebraSka, t0 Wlt Lot Fi£ty-Three. {53 )', castle Estates subdivi o ,; ,
<br />Nebraska.
<br />TO HAVE AND TO HOLD'the premises above described, with all the appurtenances
<br />thereunto belonging and'ncluding all hea ing, 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 i s successors and assigns, forever. The°Mortgador 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 />the Mortgagor will warrant and; de fend the same against the lawful ctaims of'a1T persbns
<br />whom§oever; and the said Mortgagor hereby relinquishes all rights bf homestead, and all
<br />marl al rights, either in law or in equity, and all other contingent interests of<-the
<br />Mortgagor in and to the above-described premises, the .intention being. to convey heretiy an
<br />absolute ti )e, in`fee simple,,including all rights of homestead, and other rights and
<br />interests as aforesaid.
<br />-PROVIOEO ALWAYS, and these presents are executed and delivered upon the following
<br />conditions,'-to wits
<br />The tortgagor agrees-to pay to the'Mbrtgagee, ~~ order.,: the principal sum of one
<br />Hundred Twenty Two Thousand Forty and P7o/100ths---------DOlldrs {$= 122,040.00 ;,
<br />June la, 1982:.
<br />with interest as provided',in the, Note dated and executed by Mortgagor
<br />The Mortgagow-in order more: fully 20 pf^otect the security ef'this t9ortgaae, agrees:
<br />1. That he will pay.-the indebtedness, as hereinbefore,provided. Privilege is
<br />reserved to pay the debt in whole, or in'an amount equal tp one 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, however, That wri ten notice of an intention to exercise such privilege
<br />is given at least thirty (30} days prior to .prepayment.
<br />2. That the Mortgagor will, pay ground rents, taxes, assessments, water rates, and
<br />other governmental or municipal.charges, fines, or irpositions, for"which-provision has
<br />not been made hereinbefore, and in default thereof the hb rtgagee may pay the,same; and that
<br />the Mortgagor will promptly deliver the official receipts therefor: tb the tortgagee.
<br />3. The Mortgagor will pay a]1 taxes which-may be levied upon the Mortgagee's.
<br />interest in said real estate and improvements, and which may be levied upon this mortgagee
<br />or the debt secured hereby {but only to the extent tha such is not prohibited byelaw 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 wilt file ttie official receipt showing
<br />such payr„ent with the Mortgagees Upan vioiat•ion of this undertaking, or if the Mortgagbr
<br />is prohibited by any law,naw or hereafter existngfrom paying the whole or any portion of
<br />the aforesaid taxes., or upon Lne rendering'of any court decree prohibits q the payment by
<br />the Dtortgagcr cr any such taxes, or if such law or decree provides that-any ,amount so paid by
<br />the thprtgagor shall be credited on the mprtga,ge debt, the hbrtgagee shall have-the right to
<br />give ninety days' written notice to the.awner of the mortgaged premises, requiring ttie
<br />pa-yment of *~e mortgage debt. If such notice be given, the said debt shall`become`due,
<br />payable and collectible at the expi•ratior, of said ninety days..
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