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<br />' '~ 1~`~/~+I Second tlortgage
<br />_ '`i~i1~'llegC>r 1 for
<br />Section 235 Cases
<br />kith Addendun> for Repayment of Section 235 Assistance ~' ,~
<br />8~~ %1 t1
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<br />THIS P±GRTCAGE, made and executed 'his,~t~ ,day of Augu t A.O.
<br />19 82 by and betvreen Michael L'. .lenseri an nna ?i. Goodwin, }~usband and rife
<br />of the County of Ball and5tateof tlebraska, party Gf the first part
<br />hereinafter called the tlartgagor and the'Secretary of the Department of Housing and
<br />urban Gevelo[;ment
<br />party of the °:econd dart, hereinafter called the Mortgagee.
<br />!liThPESSETN: That the >aid itortaagor'~s justly indebted,ttqq t~e t•lortgagee in the
<br />principal Sum of one '.rten{red tcxnt}• is.U t~iousand forty and ?~orlQOt ~jOllarS {~I22,(.}i0.00
<br />which principal sup^:.vill not exceed an arsount conputed under the terms of the dote
<br />executed by said Mortgagcr on auSust 2%: 1`?82 ,.with interest, in
<br />accordance ~;ri±h said ?rote. Thatat as securr y for said dote the d~ortgagor does by these
<br />Gl"esents Grar.t, Gar?air„ Sell, ~onvey and Confirm unto the ?lortgagee, its successors and
<br />assigns *_he-follo.rino described real estate situated in the Couh#y of ``I3a11
<br />Sta*_e of tlebr'dSkd, to salt Lot One:'(1) Goods.-in Subdivision, an Addition to the city of
<br />Grand ialand,'fiall County, :vebraska
<br />TiI:kAYE raND T~ NOLi3 the premises above described., ~.vith all' the appurtenances
<br />ttbereunto belonging and including all heating, pTunbing and lighting fixtures and eGuip-
<br />rraent now or hereafter attactaed to or used in connettidn with said real estate unto the
<br />tortgagee, and to its successors ahd assigns, forever. The ??orr_gagor represents to, and
<br />tnvenants with, the f~rtgagee, that the Mortgagor has good right to sell and convey said
<br />premises; that they are feee from encumbrance, 'except for an FNA first mortgage; and that
<br />the t~rtgagor vrilt warrant-':and defend the same against Lhe lawful claims of all persons
<br />vrhomsoever; and the said Mortgagor hereby retinquishes all rights of homesteaG, and all
<br />marital rights, either in lax or inequity, and ail other contingent interests of the
<br />i4ortcagor in -and to the above-described.premises, the intention being to convey hereby an
<br />absolute title, in fee simple, including all rights of home read; and ether riches and
<br />interests as aforesaid.
<br />PROVIDED AL'r;AYS, and these presents are executed'and delivered-upon the follovring
<br />conditions, to ~,rit:
<br />The ?+origagor agrees to pay td the 1'i01^tgdgee, Or Order, the principal Sum of ~e
<br />hundred twenty tw t}wusand forty and aollUUths---------- -- Collars`,($ 122,04 O.OG ;.,
<br />with interest as provided in the dote dated August 27 i9Et2 and executed by 1lortciagor
<br />The tortgagor in'arderr•+o re fully to protect the security of this~Atortgage, agrees:
<br />1, That he will pay the indebtedness, as hereintrefnre provided. Privilege is
<br />reserved to pay the debt in whole, or in an amount equal to one-or-more mgnthly payments
<br />' on the principal that are next due cn the note, on the first day`af any month prior to
<br />maturity: Provided, however, That written notice of en intentdn to exercise such privilege
<br />s given at least thirty (30} days prior to prepayment. ,
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<br />2. That the Plortgagnr will pay ground rents, taxes, assessments, water rates, and
<br />other governmental or municipal charges, fines, or impositions, for wi~ich provision has
<br />rot been made hereinbefore, znd in default thereof the Mortgagee .nay pay the same; and that
<br />the [~brtgagor will promptly deliver tee official receipts therefor t:i the t4ortgag:>e.
<br />3. The fArtgagor wits pay all taxes which tray be levied upon theMortyagee's
<br />interest in said real estate and 'improvements, and which may be levied upon this r~ori9,ge
<br />or the debt secured hereby {but only to the exier,t riot such is ^at prohibited by law and
<br />only to the extent that such will not make this loan usuricusl, but excluding ac;} income
<br />tax, State ar i-edera imposed on tbrtgagee, and will file the official r°eceipt shcwinp
<br />such payment with the ?9artgagee. upon violation of this undertaking, or if the MortydGOr
<br />is prahibitrd by any law new or hereafter existing from payin, the whole or any pcrtior; of
<br />the aforesaid taxes, or upon the rendering of arty court decree. prchibitinq the paya,ent by
<br />the t•~rtgager nr any sorb taxes, or if soon la:v or decree provides that any amount so paid b,
<br />the t;artgagar snail be credited on rise mortgage Debt, the irx,rt)aree si;all Yiave t;~e :~i;;trt ±:~
<br />give ninety days' written notice to the owner cf the .^:ortiaged premises, reyuirin, the
<br />payment of the ,~~rtgage debt, If suol, notice be given, ti~ae said debt: shall beco;;c dur,
<br />payable and Loliactible at tfie expiration, of said ninety Lays.
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