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<br /> ��- UU4817 � . �
<br /> �`�
<br /> REAL ESTATE MORTGAGE �
<br /> �
<br /> -CLARFNCE L. SHUDA AND VERN�E K. SHUDFl, husband and wife, each in his and her own
<br /> righ+ and as sRouse of the other
<br /> f��� �of the�County�o+' ��Ha I I � � and State of Nebraska � � hereinafter culled the party��of�the first �part, in:� 1 ��.�
<br /> cousideration of FORTY-THREE THOUSAND AND NO /I 00---------------------------------- n
<br /> OLLARS,
<br /> ia hand paid, do hereby grant,bargain,sell aad convey unto the Home Federal Savings&Loan Association of Grand Island,
<br /> Grand Island,Nebraska,and ita successors aad assigns,the following real estate,situated in Ha( I
<br /> CountY,State of Nebraska towit:
<br /> LOT FORTY-THREE (43) tN RAVENWOOD SUBD�VISION, HALL COUNTY, NEBRASKA
<br /> � Together wlth all the appurtenances thereunto belonging, and all covenants m all the title deeds running with said real estate,
<br /> �
<br /> and all the rents,issues and profits arising therefrom after default in performance of any covenant or condition herein con- �
<br /> tained; and warrants the title thereto perfect and clear except for this mortgage.
<br /> During the time this mortgage is in force the mortgagors agree:
<br /> First. To pay all taxea and speciai assessments levied against said premises, including all taxes and assessments levied
<br /> upon this mortgage, or the debt secured by this mortgage. �
<br /> � � Second. To keep all buildings thereon insured against loss by fire, lightning and tornado in some company,to be ap�
<br /> proved by the said Home Federal Savings & Loan Assxiation of Grand Island in the sum of $ i nanrah 1 e v�I ua far �
<br /> � the benefit of the said Associa'tion,and its successors or assigns; and to deposit said policies with said Association,and shall not
<br /> commit or suffer any waste on said premises, and shall put and keep said real estate buildings and improvements in good
<br /> orden
<br /> Third. To pay or cause to be paid to the Aome Federai Savings & Loan Association of Grand Isiand, its successors or �
<br /> �. assigns,the sum of $ FOR7Y-THREE T{-IOUSAND AND NO /100------------------------------ DOLLAR.S,
<br /> payable as follows:
<br /> � $43,000.00 due on September I, 1978
<br /> �
<br /> � -
<br /> �
<br /> � with interest thereon payable, according to the tenor and effect of the one certain first mortgage note of said mortgagors, �
<br /> bearing even date with these presents. After maturity said bond draws interest at the rate of nine per cent per annum.
<br /> � If said taxes and assessments aze not paid when due, or if the buildings on said premises are nat insured as above pro-
<br /> vided,or if any of said interest.is not paid when due,then said whole debt shall become due immediately,at the option of the �
<br /> said A,sociation,and shall thereafter draw interest at t6e rate of nine per cent per annum.
<br /> The mortgagor_S bereby assign� to said mortgagee all rents and income arising at any and all times from said
<br /> property and hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said propertp and "�
<br /> � collect all rents and income therefrom and apply tfie same to the payment of interest, principal, insurance premiums, ta�ces,
<br /> assessments, repairs or improvements necessary to keep said property in tenantable condition, or to ofher charges or pay- �[
<br /> ments provided for herein or in the note hereby secured. This rent assignment shall continue in force until the unpaid bal- �.=�
<br /> � ance of said note is fully paid The taking of possession hereunder shall in no manner prevent or retard said mortgagee in �
<br /> the collection of said sums by foreclosure or otherwise.
<br /> Whether said debt becomes due by lapse of time, or by reason of the failure of t6e party of the first part to comply �
<br /> with any condition herein, the said Home Federal Savings & Loan Association of Grand Island, the successors and assigns, �
<br /> � shall have the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include �
<br /> therein all tases, assessments, insurance premiums and costs, paid by it or them; or said Assoclation, its successore or
<br /> f.' essigns, may foreclose only as to the sum past due, without injury to this mortgage, or the displacement or impairment ��
<br /> � of the lien thereof. �
<br /> And-the said first party and the makers of said note, especially agree and declaze that the separate estate of each and
<br /> every one of them, including bath that now owned and that hereafter acquired, is ptedged nnd bound far the payment of
<br /> tl:e debt hereby seeured. �-�
<br /> ,After the commencement of any suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of �
<br /> said premises and the appointment of a receiver therefor, notwithstanding they may be the homestead of the occupant and
<br /> „.
<br /> natwithstandiag the parties liable for the debt may be solvent, attd the first party hereby wnseuts to the appointment of a
<br /> Receiver upon the produetion of this indenture, without other evidence. ,„� .- � -
<br /> ' + The foregoing conditions and agreements, all and singular,being fully performed,this conveyance shall be void, other- �
<br /> . �
<br /> wise to be ead remain in full force and effect. � `��^:.
<br /> �; SiBned thia 22nd aAy of August _A. D., 19 �� � � ; z .
<br /> � In Presence oi #5* ,
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<br /> VEFNIE K. SHUDA � d
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