|
<br />' ~ I Second t4ortgage
<br />• -.y .~`', t4I BR'I'G 9GL ' for
<br />Section 235 Cases -
<br />with Addendum,. for Repayflfent of Section '235 Assistance "~' ~ ~i
<br />82=~C~2348 -
<br />THLS MORTGAGE, made and-executed this lath day ~of 'June , h,D.
<br />19 X32 , by and `between Debra'L. Rother, a single person
<br />of the County of Eia11 ~, and State of Nebraska, party of the firs t. part
<br />hereinafter called the t+brtgagor and the Secretary of the Department of Housing and
<br />Urban `Development
<br />:,party of the. second part, hereinafter called the Mortgagee.
<br />NITMESSETH: That the said Flartgagor, is justly, indebted to the Mortgagee in the'
<br />principal Stuff of Ninety seven thousand tiao hundred and'No/1OOths-- D"oT1arS (~ 97,200.00
<br />which principal sum will noL exceed an amount computed under the terms of the-Note
<br />executed by said Mortgagor. on June i~, 19e2 withe ihterest, in
<br />accordance tri h said Note, That'as security for said Note the tlortgagar does by these.
<br />presents'Grant, bargain, Sell, Convey, and Confirm unto the Mortgagee, its successors and
<br />assigns the following described Yeal estate situated in'the County of xall
<br />State Of'NebraSkay t0 wit Lot Three`~E3), Damson Subdivision,. in the Cz y o ran
<br />Island, Hall County, Nebraska.-
<br />TO'HAYE AN0 T0'HOID the premises above described, with ali the appurtenances
<br />thereunto belonging and inc uding all heating, plLmbing and lighting fixtures and equp-
<br />~ent now ar hereafter attached to 'or used in connection with said real estate unto the'
<br />.Mortgagee, and to its successors and assigns, forever. The'Mortgagor represents to, and
<br />covenantswith,;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 defend the same against the lawful claims of all persons "
<br />whomsoever; and' he said Mortgagor hereby relinquishes ail rights of homestead, and al'1
<br />.marital rights,`either in law or in equity, and all other contingent interests of the
<br />..Mortgagor in and to the above-described premises, the iritention 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 />PROViDEO AtNAYS, ahd these presents are executed and delivered upon the following'
<br />condi b ons. to-.wit:.
<br />The`14ortgagor agrees to pay to the Mortgagee, or order, the principal surh of Ninety
<br />seven thousand two hundred and No/1OOths------------ DOllar~ ($' 97,200'.00 ~~
<br />with interest as provided in the Note,'dated June l4, i9sz and executed by tortgagor
<br />Tha Mortgagor in order more fully to protect-the security'bf this Mortgage, agrees:
<br />1. That he will pay the indebtedness, as hereinbefore providedr Privilege is
<br />reserved to pay'the debt in whole, or in an'amount equal to one or mores monthly payments
<br />en the principal that are next due on=tfie note, om the first day of any month prior to
<br />maturity: Provided, however, That written notice of ah 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 impositions, for which provision has
<br />not been made hereinbefore, and in default thereof the Mortgagee may pay the same; and hat
<br />the Mortgagor will promptly deliver the official receipts therefor. to; the Mortgagee.
<br />3. The Mortgagor will pay all taxes which may be levied upon the Mortgagee's
<br />interest. in said real estate and improvements, and-which may be evied upon this mortgage
<br />or the debt secured hereby (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 of{icial receipt,showr~g,
<br />such payment r~i*_h the Mortgagee. Upon violation of this undertaking, or if the Mortgagor
<br />is'prohibted by any law, now or hereafter existing from ,paying `the whole or any portion of
<br />the aforesaid Eaxes, or upon the rendering of any court decree prohibitirtg the payment by
<br />the bbrtgagor or any such taxes, or if such law or decree provides that any amount so paid by
<br />the tAOrtgagor sha17 be'credited an the mortgage debt, the Mortgagee shall have the right to
<br />give ninety days'. written notice to the owner- of the mortgaged premises, requiring the
<br />L payment of the mortgage debt. If such notice be given, the said: debt shall become. due,
<br />payable and collectible a t the expiration of said ninety days.
<br />
<br />
|