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<br />~~, ~}"+~ . ~s~ brb exec tes 'I= i , 8~., day ;,f ~,~±r A, ~7.
<br />~~ krsty of Ali and state of Nebraska. party of the first part
<br />herl~i~a$ter cal?~ the 'iortagor and t.te ~ecr±~tary of *_he Depart.?~ent of Housing and
<br />urissn veocnt
<br />rar'ty ,f *.~,~ set€~nd part, ereinafter c_y??ed the ~urtc,,aree.
<br />~tTNE;SI:TI'i: shat tine said i'kfrtgagor, is justly indebted to the Mortgagee in the
<br />rrir,cipol zuai of one hundred eight thousand and No/106ths Dollars i$ 108,000.00
<br />;rltieh principal sum gill not exceed an amount ~amputed under the terms of the Note
<br />executed by said F~rtgagor on septzmber 18, 1981 with interest, in
<br />accordance with said note. That as security for said Note the tortgagor does by these
<br />presents Grant, 3argain, Sell, Convey and Confirm unto the t~rtgagee, its successors and
<br />assigns ttie following described real estate situated in the County of xail
<br />State of Nebraska, to wit
<br />I.ot Twelve (12}, Janson Subdivision, in the City of Grand Island, xall County, Nebraska.
<br />Td HAVE AND T(t 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 />~srtgagse, and to its successors and assigns, forever. The t~iortgagor represents to, an$
<br />covenants with, the t~Crrtgagee, that the Mortgagor has good right to sell and convey said
<br />premises; that they are feee from encumbrance, except for an FHA first mortgage; and that
<br />the t~rtgagor will warrant and defend the same against the lawful claims of alt persons
<br />whomsoever; and the said Mortgagor hereby relinquishes all rights of homestead, and all
<br />i~3rital rights, ei±her in law or in equity, and alt other contingent interests of the
<br />Iortgagor in and to the above-described premises, the intend on being to convey hereby an
<br />absolute title, ir. fee simple, inc?uding all rights of homestead, and other rights and
<br />interests as aforesaid.
<br />PROVIDED „}.BAYS, and these presents are executed and delivered upon the following
<br />conditions, to i~it:
<br />The t~ rtga,or agrees tc pay to the i'~rtgagee, or order, the principal sum of one
<br />xutuired and Eight Thousand and No1100ths---°------- Dollars {~ IOt~,D0o.00
<br />with into rest as ;provided in the ;cote dated S~Pte~,e~ iii, 1I83and @x2euted by l~n rtiia civr
<br />the Mortgagor in order more fully tU t~rutEet the security of this tiortgaae, agrees:
<br />),
<br />1. That he will pay the indebtedness, as hereinbefore provided. Privilege is
<br />reserved to pay the debt in whole, or in an amount equal to one or more monthly payments
<br />on the principal that are next due on the note, on the first day of any month prior to
<br />maturity: Provided, however, That written notice of an intention to exercise such privilege
<br />is given at least thirty {3O) days prior to prepayment. ,
<br />2. That Lhe Mvrtgago5• will pay ground rents, taxes, assessments, water rates, and
<br />other governmental or municipal charges, fines, or tmpositions, for which provision has
<br />not been made hereinbefore, and in default thereof the Mortgagee may pay the same; and that
<br />the Mortgagor will promptly deliver the ofFiciai receipts therefor. to the Mortgagee.
<br />3. The Mortgagor will pay all taxes which may be levied upon the h~rtgagee's
<br />interest 9n said real estate and improvements, acid which may be levied upon this mortgage
<br />ar the debt secured hereby (but only to the extent that such is not prohibited by law and
<br />only to the extent that such will not make this loan usurious, but excluding any income
<br />tax, Skate or Federal, imposed on Mortgagee, and will file the official receipt showing
<br />sudh payment with the Mortgagee. upon violation of this undertaking, ar if the Mortgagor
<br />is prohibited by any law now or hereafter existing from Raying the whole or any portion of
<br />the aforesaid Loxes. or upon the rendering of any court decree prohibitinct Ehe payment by
<br />the Mortgagor or any such taxes, or if such law or decree provides that any amount so paid by
<br />.the Mart€~gae shall be credited on the mortgage debt, the Mortgagee shall have Lhe ri;~ht to
<br />give ninety days' written notice to the owner of the mortgaged premises, requiring the
<br />pdyr~ent of the r~rtgage debt. If such notice be given, the said debt shall become due,
<br />pag8ble a!id caliectible at the expiration of said ninety days.
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