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<br />- , /^~ Second tiortgage y
<br />' ~~~~~~{,i',~i r for '
<br />. ~ Section 235 Cases
<br />Kith Addend~n,.for Repayment of section 235 Assistance e ~ __~
<br />$z-.aasos9
<br />THIS MORTGAGE, made and executed this lithday of December A,D.
<br />19 81 by and between Marlon Dean Anderson and Connie Sue Anderson, Husband and Wife
<br />of the County of Hall and State of Nebraska, party of the first part
<br />hereinafter called the tlortgagor and the Secretary of the Department of Housing and
<br />Urban Development
<br />party of the second part, hereinafter called the Mortgagee.
<br />i~1I7NESSETH: That the said Mortgagor, is justly indebted to the Mortgagee in the
<br />principal Sum of Ninety six thousand eight hundred forty and ;ro/100011ars (g 96,840.00
<br />which principal sum will not exceed an amount computed under the terms of the Note
<br />executed by said Mortgagor on December 11, 1981 with interest, in
<br />accordance with said Note. That as security for said Note the tlortgagor does by these
<br />presents Grant, Bargain, Sell, Convey and Confirm unto the tortgagee, its successors and
<br />assigns the following described real estate situated in the County of Hall
<br />State of Nebraska, to wit Lot One (1), Potash Subdivision, Hall County, Nebraska
<br />TO HAVE AND TO HOLD the premises above described, with ail 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 tlortgagor represents to, and
<br />Pl that th" M^•.r 3 Cr ttas good rinhr to ~wll and cgnvev said
<br />covenants evi th, the ortgagee, ~ .., ..g g -.•
<br />premises; that they are feee from encumbrance, except for an FHA first mortgage; and that
<br />the tlortgagor will warrant and defend the same against the lawful claims of all persons
<br />whomsoever; and the said Mortgagor hereby relinquishes all rights of hosreste;ad, and all
<br />marital rights, either in law ar in equity, and all other continc;ent interests of the
<br />Mortgagor in and *.o the above-described premises, the intention being to convey hereby an
<br />absolute title, in fee simple, including all rights of hon>estead, and other rights and
<br />interests as aforesaid.
<br />PROVIDED AL:lAYS, and these presents are executed and detivered upon thr} foll0v+inci
<br />conditions, to ~•rft:
<br />The tlortgagor agrees to pay to the Mortgagee, o-• order, the principal sum o>`
<br />Ninety six thousand eight hundred forty and Na~l00ths Dollars ($ 96,840.oU 1,
<br />with interest as provided in the Note dated December ll, lv8a.nd executed by t4ort~ac.~r
<br />Tkte Mortgagor in order nrore~ fully to protect the •,~ricurity of chi, `forttlage, agrees:
<br />1. That he will pay the indebtedness, as hereingefore provided, C°riviloye 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, art the first day of any rxtnth prior te:
<br />maturity: Provided, however, That written notice of an intention Lo exercise such privtteye
<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, ono that
<br />the Mortgagor will promptly deliver the official receipts therefor to the Mortgagee.
<br />3. The Mortgagor will pay all taxes which may be levied upon they Mortgagee's
<br />interest in said real estate and improvements, and which may be levied upon this npr silage
<br />or the debt secured hereby (but only to the extant that such is not prohibited by law arrd
<br />only to the extent that such will not make this loan usurious), but excluding any incor~
<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 existtng from paying the whale or any portion of
<br />the aforesaid taxes, ar upon the rendering of any court decree prottibitint7 the payment by
<br />the tlortgagor or any such taxes, or if such law or decree provides that any amount so paid qy
<br />the tlortgagor shall be credited on the mortgage debt, the tlortganee shall have the right to
<br />give ninety days' written notice to the owner of the mortgaged premises, requiring the
<br />paynrent 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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