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<br />~ii:~w nddt~, for Rep~ayr,t of Sections 235 Assistance
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<br />THIS t'~1RTGAGE, made and executed this sth day of October A.D.
<br />19 81, by and between Patrick O, O'Neill and Christine C, O'Neill, husband and wife,
<br />of the County of Ha17. , and State of Nebraska, party of the first oar
<br />hereinafter called the tlortgagor and the Secretary of the "impartment of Housing and
<br />Urban Developrs~nt
<br />party of the second part, hereinafter called the Mortgagee.
<br />WITNESSETH: That the said Mortgagor, is justly indebted to the Mortganee in the
<br />principal St:m of one hundred eight thousand and Noj1o0--------~---- DoiidrS ,g 108,000.00}
<br />which principal sum will not exceed an amount computed under the terms of the Note
<br />executed by said Mortgagor on Q..tohAr g, 2981 with interest, in
<br />accordance svith said Note. That as security for said dote the tlortgagor does by these
<br />presents Drant, 3argain, Sell, Convey and Confirm unto the Mortgagee, its successors and
<br />assigns the following described real estate situated in the County of Hail
<br />State of Nebraska, tq wit
<br />Lot Pifty Q~e (511, Fb tash Subdivision, Hall County, Nebraska
<br />TO HAVE AND TO 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 ar hereafter attached to or used in connection with said real estate unto the
<br />Mortgagee, and to its successors and assigns, forever. The tlortgagor represents to, and
<br />c~zvenants with, the Mortgagee, that the Mortgagor has good right io sell and convey said
<br />premises; that they are feee from encumbrance, except for an FHA first mortgage; and that
<br />the tlortgagor wilt warran*_ and defend the same against the lawful claims of aTl persons
<br />whomsoever; and the said Mortgagor hereby relinquishes ail rights of homestead, and all
<br />marital rights, either in law or in equity, and all other contingent interests of the
<br />Mortgagor in and to the above-described premises, 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 />PROVIDED ALWAYS, and these presents are executed and delivered upon the following
<br />conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of ale
<br />hundred eight thousand and No/I06------°------------ Dollars (SIO8,00o.u©
<br />with interest as provided in the Note dated oetober s, lsal and executed by Mortgagor
<br />The ~~ortragvr ir. urder s~,re fully to protect the security of this tiortga4es agrees:
<br />1. that he w7il pay the 5ndc~tedness, a5 herelnbefQre prOVl deo. NriViiege ~s
<br />reserved to pay the debt in whole, or in an amaunt equal to one or more monthly payr~.ents
<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 privilec
<br />is given at least thirty (30) 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 Mortgagor will promptly deliver the official receipts therefor. to the tortgagee.
<br />3. The Mortgagor will pay all taxes which may be levied upon the Mortgagee's
<br />interest in said real estate and improvements, and which may be levied upon this mortgage
<br />or the debt secured hereby (but only to the extent that such is nat prohibited by taw and
<br />only to the extent that such will not make this lnan usurious), but excluding any income
<br />tax, State or Federal, imposed on Mortgagee, and will file the official receipt showing
<br />such payment with the Mortgagee, Upon violation of this undertaking, or if the Mortgagor
<br />is prohibited by any taw now or hereafter existing from paying the whole 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, ar if such law or decree provides that any amount so paid
<br />the Mortgagor shall be credited on the mortgage debt, the Mortgagee shall have the right to
<br />give ninety days' written notice to the owner of the mortgaged premises, requiring the
<br />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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