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<br />lVlORTGAGE
<br />
<br />Second Mortgage
<br />for
<br />Section 235 Cases
<br />
<br />With Addendum, for Repayment of Section 235 Assistance
<br />
<br />83-004084
<br />
<br />1983
<br />
<br />THIS MORTGAGE, made and executed this 2nd day of August , A.D.
<br />, by and between Norman N, McCarthy and Georgene C. McCarthy, Husband and Wife
<br />
<br />of the Co\tnty of Hall , and State of Nebraska, party of the first part,
<br />hereinafter called the Mortgagor and the Secretary of the Department of Housing and
<br />urban Developnent
<br />party of the second part, hereinafter called the Mortgagee.
<br />
<br />WITNESSETlJ: That the said Mortgagor, is justly indebted to the Mortgagee in the
<br />prind.pal sum of One Hundred Twenty Four Thousand Two Hundred and No/lOOths---- Dollars
<br />($ t24,200.00 ) which principal SUlll will not exceed an amount ccrnputed under the terms
<br />of the Note executed by said Mortgaqor on August: 2, 1983 , with interest, in accordance
<br />with said Note. Tll<<t as security for said Note the ~Iortgagor does by these presents Grant,
<br />Bargain, Sell, convey and Confirm unto the Mortgagee, its successors and assigns the following
<br />described rea:;' estate situated in the County of Hall State of Nebraska, to wit:
<br />
<br />Thf:\ Westerly Sixtv :wo (62) feet of Lot Ten (10) dnd the E.asterly Twenty
<br />
<br />four (24) teet 01 Lot. ~hne (9) Hlofk f)uf' (I;, Plpasant Vtew Seventh
<br />
<br />Subdivision, dl rh(' City (;t Lrand IsJdnd~ !h.dl ~-ountv. Nebraska
<br />
<br />TO !tAVE AND TO !lOLD the pr<'mis'~B above described, with all the appurtenances
<br />thereunto belonqinq and includinq aU heating, plumbing and lightinq fixtures and equip-
<br />ment now or hereafter attached to or usw in connection with said real estate unto the
<br />Mor1:9agee, and to its SUC~S$Ol's and assigns, forever. The Mortgaqor represents to, and
<br />covenants with, the MortgAgee, that ~~e Mortgagor has good right to sell and convey said
<br />pr_ises; that they are free frOlll encumbrance, exc<",pt for an FHA first mortgage; and that
<br />the Mortgagor will warrant and defend the same against the lawful claims of all persons
<br />~er; and the said Mortgagor hereby relinquishes all rights of homestead, and all
<br />marital rights, either in law or in equity, and all other contingent interests of the
<br />Mot"tq<<qor in and to the above--described premises, the J.ntention being to convey hereby an
<br />abeolute title, in tee simple, including all rights of homestead, and other rights and
<br />interests aa aforesaid.
<br />
<br />PROVIDED ~YS, and these presents are executed and deliver.d upon the following
<br />conditiona, to witl
<br />
<br />The Mortgagor agrees to pay to the Mortgagee, on order, the princip;,.l sum of
<br />One Hundred Twenn rouc- Thousand Two Hundred and No/lOOths-------------- Dollars
<br />($ [24,200.00 1, with interest as provided in the Note dated AU\lust 2. 1983 and
<br />~ecutQQ by Mort.gaqor.
<br />
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />
<br />1. That he will pay the indebtedness, as hereinbefore provided. Privilege is
<br />ruerved to pay the debt in whole, or in an amount equal to one or more monthly payments
<br />Oft the principal th4t are next due on the note, on the first day of any month prior to
<br />-.tuxity: Pxov1ded. hoWever, That written notice of an intention to exercise such privilege
<br />1. given at IMat thirty (30) days prior to prepayment.
<br />
<br />2. 'l'bat tbe Mortgag:or will pay ground rents, taxes, assessments, water rates, and
<br />o~ ~RI\ilIII)tAl or lllqn1cLpal cbiu:g:es, fines, or impositions, for which provision has
<br />~. .bMa lIII4e here.inJlefore, and in default thereof thf: Mortgagee _y pay the Sal\liilj and that
<br />~. ~ will prCllllPtly deUver tlW! official receipts therefc.r to the Mortgagee.
<br />
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