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<br />' s- ' Second tfiortgage
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<br />` ~ t~~~~~ s4~a: ~ ~ for
<br />Section x'35 CaSP.s
<br />ilith Addendum, for Repayreent of Section 235 Assistance ! ~ ~_
<br />TMIS MD1tT6AGE, made and exea3ted this 16th day of septe~er A,0,
<br />i9 61 , by and between Kathleen Mary E3ornbacher, a single person
<br />of the County of Hali and State of Nebraska. party of the first part
<br />hereinafter called the tortgagor and the Secretary of the Department of (lousing and
<br />Urban Devetapnsent
<br />party of the second part. hereinafter called the Mortgagee.
<br />4tITfiiESSETN: That Lhe said Mortgagor, is justly indebted to the Mortgagee in Lt:e
<br />principal Sum of One hundred seventhousand two hundred eighty & NO/~rtlldrS ~$ 107,280.00 )
<br />which principal sum will not exceed an arx~unt computed under the terms of the Note
<br />executed by said t~rtgagor on se tember 16, 181 , with interest. in
<br />accordance with said Note. That as security for sat note the tiartgagor does by these
<br />presents Grant, tlargain, Se}l, Convey and Confirm unto Che Mortgagee, its successors and
<br />assigns the following described real esLaLc situated in the County of hail
<br />State of Nebraska, to wit Let Twenty (20), Piper's Glen sutxiivision, being a s iv s on of
<br />Lots Eight (81 and Nice i41, warren 3abdivisian, in the city of Grand Island, Hall County, Nebraska
<br />TO NAME AND TO liDl0 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. farever_ The hbrtaaagr represents to. and
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<br />covenants with, the Mortgagee, ttsat the Mortgagor has good right to sett and convey said
<br />premises; that they are feee from encuir~rance, except for an FHA first mortgage; and that
<br />the t~artgagor will warrant and defend the slime acsainst 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 ail other contingent interests of the
<br />ltortgagar in and to the above-described pre~tis~:s, the intention being to convey hereby an
<br />absolute title, in fee simple, including all rights of homestead, and other rights and
<br />interests as aforesaid,
<br />ARDVIDED At~IAYS, and these presents are executed and de livered Uppn the fatiawing
<br />conditions. to wit:
<br />Tht tkartt~gor agrees to pay to the Mortgagee, or order, Lhe :~rincipai sum of ~~ hundred
<br />t~#``.d t k.~ eia~,~~ ~rt~ ~1lthrh~ _--_.....-..... !lal tars f,'$107,28a.Qa 1
<br />_ ~. ~,
<br />with interest as provided in the Note dated 5epte>~r lb, 1981 and executed by t'kirt~taoor
<br />nc ~r~gng*dr ]ik r~~~{- ~ fei! iy t9 ~irL t~±s'i %~e 3e~ur1 ty of tlt i'S rior*ga~, agrees: -
<br />t_ Tk~t 4T mil! ;~y'`~~:~ '°~Y~`t,~~.~~`.~~,~x ..'.~.^-,f~r~ r-v'#iv~a.s. `~-R..'i°-"~' =a
<br />reserv+~d to pay the debt in whale, ar in an amuunt equal to one or mare isxlnthiy payments
<br />on the principal that orb next due on the note, an the first day of any month prior to
<br />raaiurity: Rravided, hover, That written notice of an intention to exercise such privilege
<br />is given at leasC Lhirty (3E1) days prior Lo prepayment. ,
<br />2. That Lhe Mortgagor will pay ground rents, taxes. assessments, water rates. and
<br />oL~r ~s~rna~ntal ar icipal chards. fines, or impositions, far which provision has
<br />mkt been onaciu hereinbefarE, and in default thereof the Mortgagee may pay Lhe same: and that
<br />Mortgagor will praa~ptfiy deliver Lhe official receipts therefor to the Mortgagee,
<br />3. The l~rt~agtrr will pay atl taxes which stay be levied upon the Mortgagee's
<br />ihierast in said real estate and improvements, and which ma,}+ be levied upon this mortgatNt
<br />or the deGt secured hereby {but only to the extant that such is oat prohibited by law and
<br />only t~ Lhe extent that such will oat make this loan usurious}, Gut excluding any income
<br />a +~ `'~ °~ax~. mss, 9~-.,;,mss ~E- `~,: t~a`i-"-`~-, ~ :srli r.:~ t~:e affii~iat ~~ipt ~s r~ciriiTy
<br />ssab payment;wit Lhe 1#rrid, inn viofiatian of this undertaking, or if the l~rtgagar
<br />is prohibited by any lava now or hereafter existing from paying the whale ar any portion of
<br />the ai`rrresaid taxes, ar upon the rendering elf any court decree prohibiting the payment by
<br />the l~rigagor ur any such taxes, or if such law or decree provides that any amount sa pard ay
<br />~* i~rtghr shall ~ cr~dit~d €~n ttw~ rrtgac,€: debt. the i4ortdc~ee shall have the rictht to
<br />Biwa nin~aty days° written notice to the owner of the mortctaged premises. requiring the
<br />4~aymettti of t#te aiorigage debt, If such notice be given, the said debt shall Geca+ae due,
<br />pey~fble ant! Collectible ai the expi•raLion of said ninety days.
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