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<br /> elc�i�::.i�ss,�cr.;�:�te.�s�e�te�e�rmr��t�a!tc::ve��=::-�r::�-���::�err�;as�s���TM�,����»�;exae�� �.�-�r.�:�;�r;.�'���, �
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<br /> � �b- ����)`�� REAL ESTATE MO RTGaGE �
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<br /> CLARENCE L. SHUDA ANU 4ERNIE K. SHUDA, husband and wife, each in his and her own
<br /> riqhY and as spouse of Yhe ather
<br /> ot the County of Iia l I and State oL r��hr`�L��� hereinnfter cnlled thc party of the tirst P��t,In
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<br /> consideration of FORTY-THREE THGUSAND ANU NO/I 00 ------------------------------- youLLARS, �'
<br /> in hand Faid, do hereby grant,bnrgaln,sell and convey unto thc Home Federul Savings&Loan Assoclat[on of Grnnd Island, �
<br /> Grand Island,Nebraska,and its successors nnd asslgns,tLc followin�reul estnte,situnted i� fla I I � '
<br /> County,Stnte of Nebraska �,towit:
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<br /> LOT FORTY-ONE (41) IN RFlVEfJWOQD SUf3Dl�lISION, LOCATED Ild THE SOUTH HALF OF THE � ,
<br /> SOUTNEAST QUFlRTER (SiSE4) OF SECTIO�! 13, TOVINSHIP I I, NORTH, I�APh�f_ 9 W[ST OF THF
<br /> - 6TH P.M., iiALL COUNTY, IJEBRASICA FlCCORDING TO 7FiE R[CORDED PLAT TH[REOF '
<br /> 3 fl
<br /> 't 1 r!
<br /> Together with all the appurtenances thereunto belonging,and all covenants in all the title deeds running with said renl estatc �
<br /> � and all the rents,issues and profits arising therefrom a[ter default in pedormnnce ot any covenant or condition herein wn }p'
<br /> r_ tained;and wurrnnts the title thereto perfect and clear except for this mortgage. �
<br /> Durtng the time tl�is mortgage is in forcc the mortgagors aFree: ?-�
<br /> ' y� First. To pay all taxes and special assessments levied against snld premises, including all taxes and assessments levied Y;
<br /> �' � upon this mortgage,or the debt secured by this mortgage.
<br /> E; Second. To keep all buildings thercon insured against loss Uy fire,lightning and tornado in some wmpany,to be atr �
<br /> �t proved by the said Home Federal Savings& Lonn Association of Grand Island in the sum of s I nsurab l e Va I ue for `�
<br /> the benefit of the suid Associution,and its successors or assigns; and to deposit said policies with suid Association,and shall not �
<br /> F� commit or suffer any waste on said premises, and shall Put and keep said real estate builclings und improvements In good ,
<br /> ��' order. >3
<br /> Thitd. To pay or cnuse to be paid to tt�e Home Federal Savings& Loan Association oi Grand Island,its successors oc
<br /> 1�" FORTY-THREE THOUSAND AND PJO/100 ------------------------------ DOLLARS, �
<br /> assigns,the sum of 5 f( '
<br /> � payable as follows: j'
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<br /> k $43,UOO.OU DUL JULY I, 1977 z
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<br /> 4 `,�
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<br /> +�� with interest thereon payable,according to the tcnor and effect of thc one ccrtaln first mortguge notc of said mortgag�rs, �
<br /> �'; bearing even date with these presents. After maturity said bond drau�s intcrest at the ratc of nine per cent per annum. �
<br /> 'ti If said tuxes and nssessments are not paid when due, or if the buildings on said premises are not insurcd as above pro-
<br /> � � vided,or if any of said inlerest is not paid when due,then said whole deUt shal!become due immediatcly,at the option o[the �;:
<br /> said Association,and shnll thereafter draw intcrest at thc rate of nine per cent per annum. �
<br /> �" The mortgagor 5 hereby assig� to said mortgagec :dl rents and income arising at any and all times irom sa�d
<br /> i;
<br /> � .�, property and hereby authorize said mortgagee or ils agent,at ils option, upon detault, to take charge of said property and i
<br /> � collect all rents and incume thcrefrom and apply the samc to tl�c payment of interest, Principal, insurance premiums,tnxes, p
<br /> � e; assessments, repairs or improvements necessary lo kceP said property in tenantable condition, or to oWer charges or pay- 5:
<br /> ii ments provided for herein or in the no[e hereby secured.This rent assi�;nment shall cuntinuc iu force until the unpaid bal-
<br /> � {� ance of said note is fully paid. The tuking of possession hereunder shall in no manner prevent or reLlyd said mortgagee in '�
<br /> ;� the collection of said sums by foreclosure or othenvise. �
<br /> � Nhethcr said debt becomes duc by lapse ot timc, or by rcason o[ thc [aiLirc of thc party of thc tirst part to comply
<br /> ; t+ with any condition hcrein, lhe said Home Federal Savings 6c Loan Association of Grand Island, the successors and assigns, :�
<br /> � shall have the right to begin thc foreclosure ot this modga;e at unce on the whule debt hereby secured, and to include
<br /> �� therein all taxes, assessments, lnsuranee premiums a�id costs,paid by it or them; or said Association, its successors or �
<br /> - assigns, may foredose only as to the sum past due, wit6out injury tu U�is mort�age, ur the displacemeut or impairment �'�
<br /> �' of the lien thereof. "
<br /> � And the said first party and the maken of said note,especially agrce und dcclare thnt the srparate estate ot each and �
<br /> �' every onc o[them, Induding both that now owned and that hereafter acquired, is pledged and buund for the payment of
<br /> �J the debt hereby secured. �
<br /> � After the commencement ot any suit in foreclosure the plaintitf thercin shall be entilled to the immediate possession of �
<br /> said premises and the appotnlment of a teceiver theretor, notwithstanding tl�cy may be the homestead of the occupant lind
<br /> notwithstanding the partics liable for the debt may be solvent, and thc first pnrty hereby consents to thc appointment of a �
<br /> ; Receiver upon the production of this indenture, witLout other evidence. }i - {.`'
<br /> The toregoing condiGons and agrcements, all and singular,being fully performed,this conveyancc shali be void,other- � 'IN .
<br /> � wise to be and remaia ln full fome und effect.
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<br /> 27th July ' � 76 i�
<br /> Signed tlus day o� D., 19_ � ^ .
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<br /> �� In pmsence oE i . . .,_ :� - �_: �; ,., }_E �
<br /> f, ��rence L �iuda r {;� .
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<br /> 'r1 Vern i e K. :,huda /
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