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<br />~~._.__ ~._ _..~_ 7
<br />~'~- ~ ~ r~ -~ Second Fiortgage
<br />llt?RT~ yC;r ~ for
<br />Section 235 Cases
<br />kith Addendum,. for Repayment of Section 235 Assistance ~ ~
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<br />THIS NDRTGAGE, made and executed this 3C,th day of ~lur.e p., p,
<br />19 82 Dy and between Alvin J. .iankowski and Mary h'-. Jankowski, husband and wife,
<br />of the County of Nall and State of "Iebraska, party of the first part
<br />hereinafter called the Mortgagor and the Secretary of the Jepartr-ient of liousir.g and
<br />Urban Development
<br />party of the second part, hereinafter called tt;e :.~rtgagee.
<br />wITYESSETH: ?hat Lhe said 1ortgagor, is justly indebted to the Mortgagee in the
<br />prirtcfi~al sum offlne huundred twentw twc thousand forty and NO?lOC-- Dollars ;51.22,040.00
<br />which principal sum gill not exceed an amount :omputed under the terms of the Note
<br />executed by said Mortgagor an .;une a0, 1.432 with interes*., in
<br />aecordan~t ~tiith s-aid Hote_ That a~~ sse- cu r;ty for- said ,'lore the ttortgaoor does by these
<br />presents Grant, Qargain, Sell, =onvey and Cor,fir-m unto the tlor*_ganee, its successors and
<br />assigns tha following described real estate situated in the County of Hall
<br />State of Nebraska, to Brit Lot. Twerity Two 1,22;, °otash Subdivision, ,a ,.runty,
<br />'Iebraska
<br />TO HAVE AND Tt3!iQLD the premises above described, with all the appurtenances
<br />thereunto btlonging and inoluding all heating, pluming and lighting fixtures and equip-
<br />ment now or hereafter attathed to or used in connection with said real estate unto the
<br />Mortgagee, and to its successors and assigns, forever. The t~tortgaoor represents to, and
<br />covenants with, the Mortgagee, that the i'lortgagar has road rigi,t to sell and ecnve~t sai~:
<br />premises; that they are fees froP encumbrance, except for an :HR first mortgage; and that
<br />the Mortgagor wit] warrant and defend the same against the 'awful chins of all persons
<br />whomsoever; and the said Mortgagor hereby relingai<.hes a13 rights of homestead, ar,d all
<br />marital rights, either in law or in equity, and ail :ether cantinnent interests of the
<br />Mortgagor in ana to the above-descr~bea premises, the intention ~einq to r_onvey hereby an
<br />absolute title, in fee sisnole, includ7ng all rights of harestead, and other rights and
<br />Interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents ar? executed and delivered upon the fr,llcaring
<br />conditions, to wit:
<br />The t4ort~gor agrees to pay to the !lorigagee, nr r~rder, the principal sum cf
<br />E}ne hundred tuentp two thousand forty anal ^,;:!1.00-----+,~ollars t3 ;22,D4D.00 ),
<br />arith inttrcst as Drovided in the Note dated Jane aC, 19°~Z and executed by !^:ortgaeor
<br />The Mortgagor in order mort fully to protect the security of this ttortgaoe, agrees:
<br />1. Thai he will pay the indebtedness, as hereinbefore provided. ?rivilege is
<br />reserved to pay the debt in whole, or in an amount equal to one or more rr~or,thly payments
<br />on the principal thai art next due on the note, on the first day of any {m;nth prior to
<br />arturity: Provided, however, That written notice of an intention to exercise such privilege
<br />is given at least thirty (3O) days prior to prepayment. _
<br />3. That the Mortgagor will pay ground rents, taxes, assessments, water rates, and
<br />other gbverraiental or memicipal charges, fines, or impositions, for which provision has
<br />not been roads hercinb~forc, and in default thereof the *iortgagee Tay pay the carne; and that
<br />Lht Mortgagor wiz] promptly deliver the nfficial receipts therefer,to the !•±ortgagee.
<br />3_ The florigagor will pay all taxes which „ay be levied upon the Mortgagee's
<br />interest in said real estate and improvements, and which cnay be levied upon this r:~rrtgage
<br />or the debt setured hereby (but aaly to the extent that such is not .rchibited by law and
<br />curly lathe extent [hat such will not make this loan usurious), buC excluding any inc~,.;re
<br />cafe, Stott or Federal, imposed on Nn~rtgagee, and will file the affirial receipt showing
<br />such payeent with ttse Mortgagee. Upon violatio7 of this undertaking, or if thre Mortgagor
<br />ii prohibited by any Saw now or hereafter existing from ~iaying the whnfe cr any portion of
<br />LtEe aforesaid taxes, ar 'upon the rendering of any court der„roe prohibiting the payr<rer•t -:ay
<br />thelbrts~goror any such taxes, or if such law or decree [provides ti~at any amount so paid by
<br />the 'brtc}agor stta3l he credited on the mortgage debt, the Fknrtganee shael have the rinnt to
<br />givE n#ntty drys` writtte notice io the owner of the mortgaged premises, re~uirinq the
<br />} aa~tnt of the cnrtgage debt. 1 f such notice ae ^ wen. the said debt sha i t t.er_on~e due.
<br />t... g3yabte rrraF ooi;pcttblt at the expiration of said ninety nays.
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