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<br />• ~ Second t+.ortga;e
<br />'(,~~~~i~~~:~,~iR, for
<br />MPith Addendum, far Repayment of Section 235 Assistance- ~ I Section 235 Cases ~
<br />~ - --__;
<br />THIS MORTGAGE, made and executed this 10th day of July A, p,
<br />19 gi by and between Linda L. Goosic, a single person
<br />of the County of Hali and State of Nebraska, party of the first Dart
<br />hereinafter called the tortgagor and the Secretary of the Department of Housing and
<br />Urban Development
<br />party of the second part, hereinafter called the Mortgagee.
<br />i~ITNESSETH: That the said Mortgagor, is justly indebted to the Mortgagee in the
<br />.principal sum of Ninety seven thousand five hundred sixty and No/1OQ1011arS {$ 97.550.00
<br />which principal sum will not exceed art amount computed under the terms of the Note
<br />executed by said Mortgagor on July l0, 1981 with interest, in
<br />accordance with said Note. That as security for said Note the Mortgagor does by these
<br />presents Grant, [3argain, Sell, Convey and Confirm unto the tlortgay2e, its successors and
<br />assigns the following described real estate situated in the County of Haii
<br />State of Nebraska, to wit
<br />Lot Four (4D, Jamson Subdivision, in the City of Grand Island, Hall County, Nebraska
<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 the
<br />Mortgagee, and to its successors and assigns, forever. The ttortgaaor represents to, and
<br />covenants with, the tortgagee, that the Mortgagor has Hood right to sell and convey said
<br />premises; that they are face from encumbrance, except for an FHA first mortgage; and that
<br />*_he tortgagor will warrant and defend the same against the lawful claims of all persons
<br />whomsoever; and the said Mortgagor hereby relinquishes all rights of homestead, and all
<br />marital rights, either in law or in equity, and all ether contingent interests of the
<br />Mortgagar in and to the above-described premises, the intention being to convey hereh•~ an
<br />absolute title, in fee simple, including all righ±s of homestead, and other rights and
<br />interests as aforesaid.
<br />PROVIDED AtHA`•'S, and these presents are executed and delivered upon the following
<br />conditions, to wit:
<br />The lortgagor agrees to pay to the Mortgagee, or order, the principal sum of Ninety
<br />seven thousand five hundred sixty and No/106ths-------- DoliarS {~ 97,5b0.00
<br />with interest as provided in the Note dated July io, 1981 and executed by tAortraoar
<br />The Mortgagor in order more fully to or3tect the security of ±his tiortgage, agrees:
<br />1. That he will pay the indebtedness, as hereinbefore provided. Qrivilege is
<br />reserved to pay the debt in whole, or in an amount equal to one or more monthly payments
<br />an the principal that are next due on the note, an the first day of any month prior to
<br />maturity: Provided, however, That vrritten notice of an in « ~tion to exercise such privileg
<br />is given at least thirty {3O) 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 that
<br />the Mortgagar will promptly deliver the official receipts therefor_to the Mortgagee.
<br />3. The Mortgagar will pay all taxes which ~r~ay be levied upon the Mortgagee's
<br />interest in said real estate and improvements, a~~d which may be levied upon this mortgage
<br />or the debt secured hereby {but only to the extent that such is not prohibited try law and
<br />-only to the extent that such wilt not make this loan usurious), but excluding-any income
<br />tax, State or Federal, imposed on Fbrtgagee, and will file the official receipt showing
<br />such payment with the Mortgagee. Upan violation of this undertaking, or if the Mortgagor
<br />i5 prohibited by any law now or hereafter existing r'rom paying the whale or any portion of
<br />the aforesaid taxes, ar upon the rendering of any court decree prohibiting the payment by
<br />the Mortgagor or any such taxes, or if such law or decree provides that any amount so paid i
<br />the Mortgagor shall be credited an the mortgage debt, the Mortgagee shall have the right to
<br />g(ve ninety days' written notice to the awner of the rt~ortgaged premises, requiring the
<br />payment of the mortgage debt. tf such notice be given, the said debt shalt.become due,
<br />payable and collectible at the expiration of said ninety days.
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