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<br />~ _ ~~ -.. ~3 ~ ~ ~} ~, , n< < , .~ Seconforlortgage
<br />With AddenQum, for Repayment of Section 235 Assistance ~ ~ Section 235 Cases
<br />~. ___
<br />THIS MORTGAGE, ode and executed this 23rd: day of July A,D.
<br />l',9 s?, by dnd'DELV1een hSichael K. Swindell and Ramonda K. Swindell, Husband and wife
<br />of the County'af xall and State of Nebraska, party of the first part
<br />.hereinafter called the Mortgagor and tfie Secretary of the pepartn~ent of Housing and
<br />Urban Development
<br />party-of Lhe second part, hereinafter called the Mortgagee.
<br />MITNESSETH: That the said Mortgagor i;s j stly itldebt2d to~ttl~ ~tq,~Gee in the
<br />princi dl SurEi 0f One tnundrad ten thousand five hundred twenty an `'~7'~"Ota,~,
<br />which P are ~S 1 0 52o.oo ~
<br />principal sum will not exceed an amount computed under the term; of the Note
<br />'executed by said Mortgagor bn July 23, l9ez
<br />with interest, in
<br />:accordance with said Note. That as security for said Hote 'the Mortgagor does by,these
<br />presents"Grant,-Bargain, Se 1, Convey and. Confirm unto the dlortgagee, its-suceessors end
<br />assigns the foklowing described real estate situated in the Countyof `rlall
<br />State Of NebraskH, t0 wit Lot Fifty-four (5~}, in Castle Estates Subdivision, Flal
<br />TO HAVE ~~~'~~t'tiL~ t eaprerri4ses abave described, wih all the appurtenances
<br />thereunto belonging and including aTi-heating, plunbing and lighting fixtures and equi~-
<br />ment now or hereafter attached to or-used in connection with said real estate unto he
<br />F~Sortgagee, and 'to its successors and assigns, forever. The P1artgagor represents to, and
<br />covenants with, the tortgagee; that 'the Mortgagor has>gaod right to sell and cohvey said
<br />premises; that they are feee-From encumbrance, except for an FNA;first mortgage; and that
<br />the t4or'igagor will warrant and defend the same against the la~rful claims of all-persons
<br />whomsoever; dnd the said Mortgagor hereby relinquishes all rights of homestead,'and e?1
<br />marital rights,`either in la+J ar in'equity,-and all other contingent interests of the
<br />.",ort~acor in and: to the above-described premises, the intention Deng to convey hereby an
<br />absolute title, in fee-simple, including dl rights of namestead; and other righ~s dr,d
<br />interests as aforesaid.
<br />PROYID;D AL4IAYS, and these presents are executed and delivered upon the follaating
<br />conditions, to :yit:
<br />The Mortgagor agrees to; gay Lo the Mortgagee, er order, the principa sum of One
<br />hucidred *_en thousand 'five hundred twenty z.nd No,''aoth~al]arS ($ 110,52O.OO ~';
<br />with jnterest as, provided in tfie Note dated July 23, 1982 and executed by Mortgagor
<br />The Mortgagor in-order r:rore fu11y to protect the security of this A1or gace,-agrees:
<br />1, That he will-pay the-indebtedness, as herenbefore provided. Privilege-is
<br />reserved to pay he debt in whale, or in an amount equal to one or more monthly payments
<br />on ±he principa that are next-due ort-the note, on the first day of any month prior to
<br />maturity: Provided, ho~+ever, That written notice of an intention to exercise such privilege;
<br />is given ai least thirty (3O )- days prior Lo prepayrtent.
<br />2 That the Mortgagor wi-Yi 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 that
<br />the t~b rtgagor wi.U promptly deliver the official reeeipts therefor to the lortgagee.
<br />3. The tortgagor wi?1 pay all ±axes ~rhich may `be levied upon the Mortgagee's
<br />interest in said real estate and improvements, and which nay be levied upon this mort4age
<br />or the debt secsred Hereby (but only to the extent i~at such is not prohibited by law and
<br />anly to the extent that such uil7 not rake this loan usurious),'but excluoing ahy irico;ae
<br />tax, Stata or Federal, ir,,pcsed on t'ortgagee,dnd wi.l,l filethe officialreceapt`sho~+ring
<br />such payment with the Mortgagee. L!pon violation of this undertaking, or Sf the'Mortgagor
<br />is prohibited by any law nuw or hereafter existing Tram paying the whole ar any portior,;of
<br />the aforesaid taxes, nr upon. the rendering of any court decree prohibiting-the Fayment by '
<br />the ~1ort~agor or any soon taxis, or if suci~ lair or ,decree provides Lhat any amaunt so paid-by
<br />the tortgagor shall bc~ credited an the mortgage debt, the Mortgagee shai7 Crave the right: to
<br />give n~~,ety nays' written native to the owner. of ttee mortgaged premises, t°eGuiring ttre
<br />oa;,rr.t et he -,ortyage debt, if such native be given, the said debt shall became due<
<br />paya.;ie and coi'aetible at the expiration of said ninety days'.
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