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<br />"~tIS "~~, made and executed this litr~ay of Dec~aber A.D.
<br />14 81 , by and aetxeen ~Zichazd ii. t)ie*~ Jr. and Sheryl M. ,Metz, husband and wife
<br />of the County of Hail and State of Nebraska, party of the first oar-
<br />hereinafter called the t~-srtgagor and the Secretary of the DeparUrent of Housing and
<br />Jrban Development
<br />party of the second part, hereinafter called the Mortgagee.
<br />t~lITNESSETH: That the said tortgagor, is justly indebted to the Mortgagee in the
<br />principal Sum Of Ninety seven thousand five hundred sixty and No/100011drS ~$ 97,560.00
<br />which principal sum will not exceed an amount computed under the terms of the dote
<br />exewted by said Mortgagor on txscanber ll, 1981 with interest, in
<br />accordance with said Note. That as security for said dote the tortgagor does by these
<br />presents Grant, (largain, Sell, Convey and Confirm unto the Mortgagee, its successors and
<br />assigns the following described real estate situated in the County of trail
<br />State of Nebraska, to wit
<br />Lot Fifty-ffiur {541, Potash Shbdivision, Hall County, Nebraska
<br />TO HAVE AND TD HDLD 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 tortgagor represents to. and
<br />covenants with, the tortgagee, that the Mortgagor has good right to sell and convey said
<br />premises; that they are feee from encumbrance, except for an t=HA first mortgage; and that
<br />the Mortgagor wilt 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 alt
<br />marital rights, either in law or in equity, and all other contingent interests of the
<br />tortgagor 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 Al4JAYS, and these presents are executed and delivered upon the foliowinci
<br />conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of
<br />Plinety seven thousand five hundred sixty and No/100----- DOilarS ($ 97,560,00
<br />with interest as provided in the Note dated Decanter 11, 1981 and executed by Mortc.aUOr
<br />The Mortgagor in order ^xt:-e fully to protect the security o` this ~~rtga, a~e5°
<br />1. That he will pay the indebtedness, as fiereinbefere provided, Pri>ile it
<br />reserved t0 pay the debt in whole, or in an amount equal tcss?ne or ire Mthly payer#$
<br />on the principal that are next due ors the Mote, On the first day et any rh ori~r t,
<br />maturity: Provided, however, That written notice oi' an intention to =,-.--_- _~~__ _£ -~_-
<br />is liven at least thirty. ('~) days. prior Prep~ynt= ,
<br />2. That the Mortgagor will pay ground rents, taxes, assessments, water rates, and
<br />other governmental or municipal charges, fines, ar impositions, for which provision s+as
<br />not been made hereinbefore, and in default thereof the Mortgagee may pay the semr; and *ha
<br />the Mortgagor will promptly deliver the official receipts therefor to the fbrtc-agae.
<br />3, The I~rtgagor will pay all taxes which may be levied upon the "iort~auee`s
<br />interest in said real estate and improvements, a~1d which may be levied upon this rrC~rtgagi
<br />or the debt secured hereby (hut only *_o the extent Ehat such is not prohibited nv to a~d
<br />only to the extent that such will not make this loan usurious), but excluding any incsvrK
<br />tax, State or federal, imposed on Portgagee, and will f11e the Official receipt showino
<br />such payment with the Mortgagee. (Jpon violation of this undertaking, or if Ilse Mtlrt~lagor
<br />is prohibited by any law now or hereafter existing from paying the whole or any tsortion of
<br />the aforesaid taxes, or upon the rendering of any court decree prohibiting! the payment by
<br />the t~lortgagar or any such taxes, or if such law ar decree provides that any amount to aaid
<br />the ortgagor shah be credited on the mortgage debt, the h40rtgagee shall have the rissnt to
<br />give ninety days' written notice to the owner of the mortgaged premises, r€quirinst tfie
<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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