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<br />' 76 �tt��t��� REAL ESTATE lvIC�RTGAGE
<br />` CIARENCE l. SHUDA ANU VERNIE K. SHUDA, husband and wife, each in his and her nwn right
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<br />�� and 'as spouse af the other
<br />`} ot tho County o{ ya�� and Stete of Na6raska hereinefter calied tho party ot tho'firat��nrt,ta �
<br /> i: codaideration of fORTl'-THHEE 7HOU5AND AND Ntl/100 ---------------------------------=�OLLASS,` �
<br />� :ln lund paid, do Lereby gtant,bargain,sell and conveq unto the Home Federd Savinga&Loan Asaodation of atand IelYnd, <
<br />�` , Grand IaLnd,Nn,braaka,und.its suceeseora and aesigns,the foliowing real ostaW,.sttuated 1� Ha I 1
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<br /> County,5tate o+ Nebraska ,towitr __
<br /> � ' LOT FORTY-EIGHT (48)- It< nAVENW00D SUBDIVJSION, ,LOCAIEU iN TNE.SOUTH.HALF OF TH� , '
<br />�' SOUTHEAST QUARTER (S}S�)-0F 5ECTION 13, TOIVNSNIP I I, NQRTH, RANGE 9, WEST OF TNE : ' ��
<br /> , G7H W�M., HALL.COUNTY, NE6RASIJt.ACCORDitJG TO'CHE RECOR�ED PLAT,;7HEREOF, <
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<br /> Together wikh all the appurtenances,there�into:belongir�,:and all cavenants ia all the tikte deeds running wlth said:real estate, '
<br /> � '.and a;l:tho rents,lssues and pmfits`erLsing:the;efrom afux default.in perEormance of any covenaut or condition�erein'cron•
<br /> `tained;>and warrants tbe:dQe lhernto per[ect aad.cleaz ezcept f�.thls mortgage:.
<br />�t During the time thLs'mortgage ts In force the mortgagors egree:
<br />�. First To pay all taxes aad speciel assessments levled against said prnm{ses, including:all taxes.and assessments levled
<br />'�' ' : upon this mortRage;or tho debt secured bY this mortgaCe. , ,
<br /> Second. To seep all b�ildings;thereon insured agatast loss by 5re,li8htning and tornado{n aome company,to be ap
<br /> 4 prnved by We said Home Federel Savings dc Loan Association of drand Island in the sum of q �n su t'a b l e Va f ue tor
<br /> iI `tbe Denefit of thesatd'Associatlon,and its successots or assigns; and to deposit said policies with said Association;and shell not
<br />'j commSt>or suffer any waste on snid ptemises, and shall put and keep said real estatc buildin�s and improvements in good
<br /> ; order.''
<br /> ! Thlyd. To pay or sause to be paid to the Home Federal Savings&Loan Associatton of Grand Island,its successora or ' "'`
<br />'" FORTY 7HREE 7HOUSr�iJD AND NO/I00
<br /> ------------------------------ DOLLARS,
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<br /> i asa3gns,the sum ef$
<br />$ ;' Payable.as fullows: :
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<br />� $43,OOO.QG OUE APRIL I, l977 � '
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<br /> with Snterest thereon paya6le,accarding to the tenor and effect of the one certaln first mortgage note of said'mortgegors,
<br />'t � bearing even date tvith these Presents. After maturitq said bond draws interest at the rate of nine per cent per annuta � �
<br /> � If said taxes and assessments are not pald when-due,or if the buildings.on said premiscs are nbt[nsured as above pro-
<br /> ' ` vided,or if any of said interest is not pe3d ahen due,then said�chole debt shall become due immeclieteU,at the option of the � ,
<br /> # said Associa4on,and shall theseafter draw interest ai the rato of nine per cent per aanum. - -
<br /> THe:mortge�{or 5 herebq assig� to sald mortgagee all rents and income t+rising at aqy and all times from said f,, ,
<br /> x < property and hereby authorize said mortgagee or its agent,at tis option, upan detault, to take cLarge of suid propertY an3 �
<br /> colleM all rents and inrnm0:therefrom and apg�y the same to tha paqment of internst, pr(nbipfll;insur^.nce premiumc,4anes,
<br /> assessments, repaus or{mprovements necessary to kcep szid propert>in tenantable rnndition, or to oWer cUarges or pay
<br /> ' menb.p;ovided for hereln or in tLc note hereLy secured..This rent:assignmeafsha(1 conUnue.in fomc:unG1 the'unpaid bul• � '
<br /> ! nnce of sa{d note is futly paid.Tbe tuking of possession hereundcr shall in no manner prevent or retard said mortgagee tn �
<br /> 2 the collection af sufd'suma hy fureclosure or othenvise.
<br /> Whether sald deSt 6ecomes duc by lapse of tim�, or by reason of the failure of the party af the fitst part to comply �
<br /> � wiW any condition hemin,ffie said Iiouie Federal Savings&Loan AssxiaUon of Grand Tstand the successors aad assigns,
<br /> shall havo ihe right to begin ffie foreclosure of this u.rortgage at onte on the whole debt hereby sccured, and.;to include
<br /> therein all ta�ces,assessments;insuranca premiums and cosfs,paid by"!t or them; or said AssoclaUon [ts successors or
<br /> assigns, may foreclose on� as to t'ac sum past due, without in�ury to Uils mortgage, or thc displacement or impatrment �
<br /> of the Hen thereof: �•3
<br /> And the said ficst partY and the makere of satd note,especially agree and deelare that the separatn cstate of each and �
<br /> every one of them; includtng both.tlfat now owned and,that hcreaLter acquired,is pledged und bound for the psyment of
<br /> We dn,bt here6y.secw'ed.'
<br /> Ai�Qr the comm..neement;of any suit in foreclosure the plaintlff therein sh�11 Ue ent;tled to the lmmedlate possession of
<br /> said premises and thb nppointment of a receirer tharefot,notwithstandtn�t they mqy.be the homesMad of the a�cupant end x
<br /> ' noEwitdstanding the p8rties llablo for fhe c�ebt may be s6lvent and tha firat partp hereby,consents,to the appotntment of a y .�
<br /> r ' Receiver upon the productton'of.thLs:indeature;without othec evidence.. ^ � � x
<br /> s',' .. -. 'fhe foregoing:conditions and;agreements,'all and singular,being fully performed,t6is cnnveY��a shall be void,other : ' � `
<br /> { ''ioise to:be and remain_in fuil force rwd effeck. ' ,� �, ;
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