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<br /> ,` �' �6�{'�5��� REAL ESTATE MORTGAGE
<br /> CLARENCE L. SHUDA AND VERNIE K. SHUDA, husband and wife, each in his and her own
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<br /> ?i right and as spouse of the other ,: �
<br /> o[the County of Ha(I und State of Nebraska nereinafter called the party of the first part,in �
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<br /> FORTY-THREE THOUSAND AND NO/100 - `
<br /> • considcration of -----------------------------
<br /> t --�OLLARS, I, i
<br /> ;7 !n hund paid, do hereby grant,burgeln,sell and convey unto thc Home I'edernl Savinge&Loan AssociaUon of Grnnd Islaad,
<br /> kGrand Island,Nebraska,and its successora and assigas,the following real estnte,situated in Ha I I
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<br /> h Nebraska � i
<br /> County,State of , ,towit:
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<br /> 'j LOT THREE (3) IN RAVENW000 SUBDIVISION, BEING A TRACT OF LA�ID COMPRISING A PART
<br /> ; OF THE SOUTH HALF OF THE SOUTHEAST QUARTER (SzSEa) OF SECTION THIRTEEN (13), �
<br /> j TOWNSHIP ELEVEN (II) NORTH, RANGE NIfdE (9) I�IEST OF THE 6TH P.�d., IN HALL COUNTY,
<br /> + NEBRASKA � �
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<br /> � Together with all the appurtenances thereunto belonging,and all covenants in all the title deeds runnIng with sald real estute, f
<br /> t � and all the rents,Issues and profits arising therefrom after default in performance of uny covenant or condition herein con- � �
<br /> l� tnined;and wanants the title thereto perfect and clear except fcr this mortgage.
<br /> � During the tlme thls mortgage is In force the mortgagors agree: ;.� .
<br /> � f First. To pay all taxes and special assessments levied against suid premises, including all taxes and assessments levied d '
<br /> � upon this mortgage,ar the debt secured by this mortgage. � '
<br /> ` ' t���a Second. To keep all buildings thereon insured ngainst loss by fire,lightning and tornado in some company,to be np �
<br /> � $'1 proved hy the said Home Federal Savings&Loan Associatian of Grand Island in the sum of$ I nsu rab l e Va I ue qor j,� �
<br /> i the benefit of the suid Assaclatlon,and its successors or assigns; and to deposit said policies with said Association,and shnll not
<br /> ' � commit or suffer any waste on said premises, and shall put and keep said real estete buildings and improvements in good � `
<br /> i order.
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<br /> �; � Third. To pay or cause to be paid to the Home I'ederal Savings&Loan Association of Grand Islnnd,its successon or � ;
<br /> assigas,the sum of 5 FORTY-THREE THOUSAIJD AND NO/I 00 - DOLLAIts, +� ,
<br /> � � pnyable as followa:
<br /> Sq �`� � �43,000.00 DUE OCTOBER I, 1977 �.� ;
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<br /> wlth interest thereon payable,according to the tenor and effect of the one certain first mortgage note of snid mortgagors, �
<br /> � },( bearing even date with these presents. After matudty said hond draws lnterest at the rate of nine per cent per annum.
<br /> �r If said taxes and assessments are not paid when duc, or if t6e buildings on said premises are not insured as above pro- �; '
<br /> - vided,or if any of sald interest is nat paid when duc,then said �vholc debt shall become due Immediately,at the option aE the t�
<br /> � safd Assoclation,and shall thereafter dratv lnterest at the rate of nine per cent per annum. �
<br /> f� Thc mortgagor_hereby assigti to said mortgagce all rents and income arising at any and all times from said
<br /> '�� � property and hereby authorize said modgagee or its agent,at its option, upon default, to take charge of said property and �j
<br /> d collect all rents and income therefrom and apply the samc to the payment of interest, principal, insurance premiums,taxes
<br /> f� assessments, repaics or improvements necessary to kecp said property in tenantable condition, or to other charges or pay �
<br /> � ments provlded for herein or in the notc hereby secured.This rent assignment shall wnttnue in fotce until the unpald bal• �;
<br /> ance of sa3d note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagec in R�
<br /> the collection of said sums by foreclosure or othenvise. �
<br /> �-� �Vhether said debt becomes due by lapse of tlme, or by reason of the failure of the party of the first part to comply :'3
<br /> }.� with any condition hcrein,the said Home Fedcral Savings &Loan Assoclation of Grand Island, thc successors and assigas �
<br /> � shall hnve the right to begin the foreclosure of this mortgage at once on the whole JebL herebp secured, and to include
<br /> r( thereln all taxes, assessments,insurance premiums and costs,patd by it or them; or said Association, its successors or �
<br /> assigns, muy foreclose only as to the sum past duc, without injury to this mortgage, or the displacement or impairment
<br /> S'� of the licn thereof. y{
<br /> �, And the said first party and the makers of said note,especially agree and declare that the separate estate of cach and
<br /> �� every one of them, including both that nuw owned nnd that herenfter ncquired, is pledged and bound tor the payment af �
<br /> i�gA the debt hcreby secured. �Y
<br /> �f After the commencement of any suit in foreclosure the plaintitf therein shall be entitled to the lmmediate possession of
<br /> �� said premises and the appointment of a receiver therefor,not�vithstanding they may be the homestead ot the occupant and �
<br /> ;.q notwithstanding the purties llable for the debt may bc solvent,and the first party hereby consents to the appotntment of a ��
<br /> ��,1 Receiver upon the production of this indenture,without other evidence. �;� �;,i 1
<br /> � The foregoing conditioas and agreements, all und singulaz,being fully performed,this conveyance shall be void,other
<br /> �.9 wise to be and remnin in full force and effect. � N
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<br /> � 6th October 76 � ' '�
<br /> �; Signed this day o� D., 19_ I �,
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