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<br /> REAL ESTATE MORTGAGE �
<br /> CLARENCE L. SHUDA AND VERNIE K. SHUDA husband and wife each in his and her own �
<br /> riqht and as spouse of the other
<br /> � of the County of Ha i I and State of Nebras ka hereinafter called the party of the first part,in �
<br /> oonsideration of �ORTY-THREE THOUSAND AND NO/I 00-------------------
<br /> ------------------bOLLARS,
<br /> ta hand paid, do hereby grant,bargain, sell and convey unto the Home Federal Savings&Loan Association of Grand Island,
<br /> Grand Island,Nebraska,and its successors and assigns, the following real estate, situated in Ha I I
<br /> CountY>State of Ne bra s ka ,.._, towit.
<br /> LOT FORTY'-FOUR f44) RAVENWOOD SUBDtVISI'ON, HALL COUNTY, NEBRASK1i
<br /> � Together with all the appurtenances thereunto belongin�, and all covenants in all.the title deeds`running with said real estate,
<br /> �
<br /> and ali the rents,issues and profits arising therefrom after default in perEormance of any covenant or condition herein con- �
<br /> tained; and warrants the titIe thereto,perfect and clear except for this mortgage_
<br /> N During the time this mortgage is in £oree the mortgagors agree:
<br /> � First. To pay all taxes and special assessments levied against said premises, including all taxes and assessments levied �
<br /> upon this mortgage, o;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 Association of Grand Island in the sum of $ ���urah.�.����_____�__,A for ��'
<br /> the benefit of the said Association,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 buIIdings and improvements in good
<br /> order.
<br /> Third To pay or cause to be paid to the Home Federal Savings & Loan Association of Grand Island, its successors or
<br /> h � assigns, the sum of$ FnRTv_TuaE�-ru11t��AAt�I-A�lB NE1J I 99 DOLLARS,
<br /> payable as#ollows: �
<br /> ! �
<br /> $43,000.00 due 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 preseats. rlfter maturity said bond draws interest at the rate of nine per cent per annum. ��'.
<br /> , � If said taxes and assessments are not paid when due, or if the buildings on said preznises are not insured ns 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 i.4
<br /> � said Association,aad shall thereafter draw interest at tfle rate of nine per cent per annum.
<br /> The mortgagqr..s� hereby assigns- to said mortgagee all rents and income arising at any and all times from said �
<br /> p r o p e rt y a n d h e r e b y a u t h o r i z e s a i d m o rtg ag e e o r i t s ag e n t, at i t s op ti on, upon default, to take charge of said property and
<br /> � collect all renCs and income therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes, �
<br /> � assessments, repairs or improvements necessary to keep said property in tenantable condition, or to other chazges 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 ia �,�
<br /> the collection of sa3d sums by foreclosure or otherwise. �
<br /> Whether said debt becomes due by lapse of time, or by reason of the failure of the party oi the first part to camply �
<br /> wlth 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 /> 4 therein all taxes, assessmen4s, insurance premiums and costs, paid by it or them; or said Associatian, its successors or �
<br /> ;:c assigns, may foreclose'only as to the sum past due, without injury to this mortgage, or the displacemenY or impairment
<br /> "� of the lien thereof. t�
<br /> And the said first party and the makers of said note, especially agree and declare that the separate estate o£ eac� and �
<br /> � every one.of them;including both that nom owned and that hereafter acquired, is pledged and bound for the payment of
<br /> � the debt hereby,seoured.
<br /> After the commeneement of uny suit in foreclosure the plaintiff therein shall be entitied to the immediate possession of ��
<br /> said premises and the appoin.tment of a reeeiver therefor, notwithstanding they may be the homestead of the occupant and
<br /> �g nottvithstanding the parhes liable for the debt may be solvent, and the first party hereby consents to the appointment of a � � < ' �';
<br /> � Rsceiver upon the production of this indenture, without other evidence. �-�, • '� � ;µ'
<br /> The foregoing conditions aad agreem¢nts, all and singulaz,being fully performed,this conveyance shall be void, other- � �X
<br /> w3se to be and remaia in full fome and effect.
<br /> Signed thi� 2 2 n d �y a A u u s t . D., 19L � �'�
<br /> �` I, //
<br /> f O e
<br /> In presence of � r.��--�:_� � �", ��, t.
<br /> CL��EPICE �. �;'l,s�n'—`."- v�
<br /> �.,r�''-=-L�✓ ��T'� �--�+'J 6�f �.�
<br /> VERNIE K_ SHUDA �
<br /> - ----_.... . --- �
<br />� �` �—�I _ . " ." .. �Zw:,�tr:::+s�lie�r,.,.�'.3=�liw."'�ic:� �
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