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<br />With Addendum,. .for Repayment of Section 235 Assistance
<br />{'-PZ A ~~+'p
<br />~.~ ~eewil' l i ~~ L
<br />FOr .~.....-. ..
<br />Second tortgage ,
<br />{{~ Section 235 Cases
<br />1.
<br />THIS PlORTGAGE, made and executed this 30th day of september A. D.
<br />19 as , by and between Daniel F, Strobl and Sally A. Strobl, husband and wife
<br />of the County of xa11 ar,d State of tlebraska, party of the first par
<br />hereinafter called the Flortgagor and the Secretary of the Department of Housing and•
<br />Urban Development
<br />party of the second part, hereinafter called the Mortgagee_
<br />tlITPlESSETH: That the said Mortgagor, is justly indebted to th o t ~ee in the
<br />prinClpd1 Sum ofone xundred Nineteen Thousand Eight Hundred Eighty ~o~~dr~~~~119,88D.0.0}..
<br />which principal sum will nit exceed an amount computed under the terms of the note
<br />executed by said tortgagor on September 30; 19s2 with interest, in
<br />accordance ti•rith said Note.. That as security for said tJote the rortgagor does by thew
<br />presents Grant, [3argain, Sell, Convey and Ccnfirm unto the Mortgagee, its successors and
<br />assigns the follov+ing described real estate situated in the County of `xali
<br />State of Nebraska, to wit sEE DACE THREE t3)
<br />TO HAVE AND TD HOLD the premises above described, with all the appurtenances
<br />thereunto belonging and including all heating, plumbing and lighting fixtures and equip-
<br />ment now or hereafter attached to or used in connection with said real estate unto thee.
<br />Portgagee, and to its successors and assigns, forever. The Mortgagor represents to, ahd
<br />covenants v,ith, the t•lortgagee, that the Mortgagor has good right to sell and convey Said
<br />.premises; that they are feee fror~ encumbrance, except for an FHA first mortgage; and that
<br />the tortgagor will warrant and defend the same against the lawful claims of ail persons
<br />v~homsoever; and the said Mortgagor hereby re Tirgi~ishes all rights of Homestead, and all
<br />marital rights, either in lavr or in equity, and alt other contingent interests of the
<br />tortgagor in and to the abdve-described premises, the intention being to convey hereby an
<br />absolute title, it fee simple ,. including all rights bf homestead, ahd other rights and
<br />interestsas aforesaid.
<br />PROVIDED AL4JAYS, and these presents are executed and delivered upon. the follovring
<br />conditions, to wit:
<br />The Mortgagor agrees to pay tq the Mortgagee, or order, the principal sum of one xundred
<br />Nineteen Thousand Eight Hundred. Eighty and No/100tns------D011drs ($119,880.00)
<br />with interest as provided ih the Note dated September 30, 19a~ executed by ;lortgaaor
<br />The Mortgagor in order more `fully to protect the security of this 1.lortgaoe, agrees:
<br />1. That he will pdy the indebtedness, as hereinbefore provided. Privilege is
<br />.reserved to pay the debt is whole, or in an amount equal to one or more monthly payments
<br />do the principal that are next, due on the note, on the first day of any month prior tq
<br />maturity: Provided, however, That written notice of an intention td exercise such priviler
<br />is given at least thirty (30 )`days prior to prepayment. .
<br />Z That Lhe Mortgagor will pay ground rents, taxes,'assessments, water rates, and
<br />other governmental dr 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 Fortgagor wilt promptly deliver the official receipts therefor to the 1lortgagee. ,
<br />-3. The tortgagor will: pay all taxes which may be levied upon the Plortgagee's •
<br />interest in,said real estate and improvements, and which may be levied upon this: mortgage
<br />or the debt secured hereby (but duly to the extent that such is not prohibi ed'by )aw and
<br />only to the extent that such will not make this loan usurious), but excluding any income
<br />tax, Sta e or Federal, imposed on Tortgagee, and will file the official receipt showing
<br />such, payment with the Mortgagee.. Upon violation of this undertaking, or if the Morteagor
<br />is'prohibted by any Taw now or hereafter existing from paying the whole or any portion of
<br />tfie aforesaid taxes, or upon the rendering of any court decree prohibiting the payment by
<br />the t•tort~agor or any such taxes, or if such law or decree provides that any amount so paid
<br />:the Mortgagor shall be credited on the mortgage debt, the tortgagee shall have the right to
<br />give ninety days' varitten 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 at the expiration of said ninety days.
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