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<br /> REAL ESTATE MORTGAGE �
<br /> CLARENCE L. SHUDA ANU VERNIE K. SHUQA, husband and wite, eacn in hi, and her own �
<br /> right and as spouse of the other �
<br /> ; � of the County of Ha I I and State of Nebraska t,�reinafter called the party of the first part, in � i
<br /> ^ FORTY-THREE THOUSAND AND NO/100-----------------------------
<br /> conaideration of _DOLLARS, t�i
<br /> in hand paid, do hereby grant,bargain, seil and convey unto the Home Federal Savings&Laan 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 Nehraska ,_, towit:
<br /> �
<br /> LOT FORTY-TWO (42) IN RAVENWOOD SUBDIVISION, HALL COUNTY, NEBRASKA � "
<br /> �
<br /> . . �
<br /> Together with all the appurtenances thereunto belonging, and all covenants in all the title deeds running with said real estate,
<br /> and all the rents,issues and profits artsing therefrom after default in performance of anp 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 ta�ces and special assessments levied against said premises, ineluding 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 Association of Grand Is3and in the sum of � �nsurab l e va I ue £or '�'
<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 orl suffer any waste on said premises, and shall put and keep said real estate buildings and improvernents 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 /> assigns, the sum of F �ORTY-THREF THOUSANf) AN� NO/100----------------------------- DOLLAR.S,
<br /> payable as follows:
<br /> �
<br /> � $43,000.00 due on Septe{nber I , (978
<br /> �
<br /> � �
<br /> � wlfh Interest thereon payable,according to the tenor and effect of the one certaln first mortgage note of said mortgagors, ��
<br /> beazing 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 are not paid when due, or if the buildings on said premises are not 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 Association,and shall thereafter draw interest at the rate of nine per cent per annum. �
<br /> -. The mortgagor S heteby assign S to said mortgagee all rents and ineome arising at any and all times from said �
<br /> � property and hereby authorize sa?d mortgagee or its agent, at its option, upon default, to take charge of said property and
<br /> , � coliect all rents and income therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes, �
<br /> assessments, regairs or improvements necessary to keep said property in tenantable condition, or to other charges or puy-
<br /> "'" ments provided for herein or in the note hereby secured. This rent assignment shall continue in force until the unpaid bal- f'�
<br /> ance of said note is fu11y paid. The taking of possession hereunder shall in no �nanner prevent or retard said mortgagee in �
<br /> the collection of said sums by foreclosure or otherwise. �
<br /> Whetder said debt hecomes due by lapse of time, or by reason of the failure of the party af the first part to comply
<br /> with any condition herein,the said Home Federa3 Savings & Loan .Association of Grand Island, the successors and assigns,
<br /> shaIl have the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include ��
<br /> � therein all taxea, assessments, insurance premiums and costs, paid by it or them; or said Association, its successors or
<br /> assigns, may foreclose only as to the sum past due, without injury to tbis 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 declare that the separate estate of each and
<br /> +^; every ame of them, iucluding both that now owned and that hereaYter acquired, is pledged and bound for the payment of �
<br /> � the debt hereby secured.
<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, nott��ithstanding they may be the homestead of the occupant and
<br /> notwithstanding the parties liable for the debt may be solvent, and the first party hereby consents to the appointment of a
<br /> � Receiver upon the production of this indenture, without other evidence. � ,. r°�,'�
<br /> The foregoing conditions and agreemente, all and singular,being fully performed,this conveyance shall be void, other- �
<br /> N
<br /> wise to be and remain in full force and effect.
<br /> �' SiSned this 22nd �y of Auqust D., 19�L � �''
<br /> � Ia gresence of �✓ti.�.ai �-d-/�4..rX.i✓ ' �
<br />� � CLA pl -. L. .HUDA_ n � 1`a
<br /> d�d��—,�;c r���' 'r ,'._
<br /> VERNIE K. SHUDA
<br /> � . _. <;._ _ l��t,�i�> r-�,: .- �
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