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<br /> 7b-�'��'��'�� REAL ESTATE MORTGAGE
<br /> � CLARENCE L. SHUDA AND VERNIE K. SHUDA, husband and wife, each in his and her own right �
<br /> �i and as spouse of the other � �
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<br /> ("�� of tha County oF Ha l I and State o� Neb�aska t,ereinaftcr'called the pnrty of the first part,1n ' ,
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<br /> ,� consideratlon of FORTY—THREE THOUSAND AND NO/100 -- --- —_D O L L A R S, �
<br /> ' in hund pald, do hereby grant,bnrgaln,sell and convey unto tha Homo Federal Savings&Loan Association of Grand Island,
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<br /> Grund Island,Nebraeka,und ita successors and ussigns,the followiag real eatate,eltuated i�
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<br /> �'�, County,Stnte of Nebraska , ,towit:
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<br /> �4 LOT TWENTY—S I X (26) I i� RAVEN4lOOD SUBD I V I S I ON, BE I NG A TRACT OF IAtJD CO"�1PR I S I NG A PART x
<br /> '� OF TNE SOUTH HALF OF THE SOUTHEAST QUARTER (S�SE$) OF SECTION THIRT[Etd (13), TOWPISHIP
<br /> -� ELEVEN (II) NORTH, RANGE fJINE (9) WEST OF THE 6TH P.IA., IN HALL COUNTY, NEBRASKA
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<br /> � � Toget6er with all the appurtenances thereunto belonging,and all covenants in nll the tttle deeds running with said real estate, � ''
<br /> and all the rents,issues and profits arising therefrom after default in performance of any covennnt or conditlon herein con-
<br /> ,�`,� tained;nnd warrants the title!h^eeM perfect and clear except for this mortgage.
<br /> During the time tlils mortgage is in force the mortgagors agree: �� ,
<br /> � � First. To pny all taxes und special assessments levied against said premises, including all taxes and assessments leried iii77y�;
<br /> f upon this mortgage,or the debt secured by this mortgage. �
<br /> '�,�, �� Second. To keep all buildings thereon insured against loss by fire,lightning and tornado in somc company,to be np �
<br /> x � Insurable Value � �
<br /> 3 proved by the said Home Federal Savings&Loan Association of Grand Island in the sum of� for � ,
<br /> � the benefit of the said Association,and its successors or assigns; and to deposit said pollcies with said Association,and shall not
<br /> � commit or suffer any waste on said premises, and shnll put and keep said real estate buildings nnd Improvemenfs in good t
<br /> ` order. y i '
<br /> �-' ' Third. To pay or cause to be paid ta the Home Federal Savings & Loan Associalion of Grand Island,iGs successors or ;
<br /> u� assigns,the sum of$ FORTY—THREE THOUSAND AND b10/I 00 ------------------------------ `
<br /> DOLLARS, � �
<br /> payable as foAows: 1 '
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<br /> � � �43,000.00 DUE OC'�OBER I, 1477 �� `
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<br /> with interest thereon payable,according to the tenor and effect of the one certa(n first mortgage note of said mortgagors, A
<br /> �.r', bearing even date with these presents. After maturity said 6ond draws interest at the rate of nine per cent per nnnum. ;C
<br /> � (7 IE said taxes and assessments are not paid k�hen due, or if the buildings on snid premises nre not Insured as above pro- �r
<br /> t s � vlded,or if any of said interest is not paid�vhen dae,then said wl�ale debt shall becomc due immediately,at the optlon of the `
<br /> ; said AssocIation,und shall thereafter draw interest at the ratc of nine per cent per annum. �
<br /> = The mortgagor hereby assign_ to sald mortgagee all rents and income arising at any and all times from said ;'�
<br /> � t'' property and hereby authorize said mortgagee or its agent,at its option, upon default, to take charge of said property and i j
<br /> � collect all rents and income therefrom and apply the same to the payment of interest, prtneipal, insurnnce premiums,taxes, j�
<br /> �� assessments, repairs or improvements necessary to keep said property in tenantable condition, or to othcr charges or pay Y
<br /> ` �� ments provided for herein or in t6e note heteby secured.'fhls rent assignment shall continuc in force tmtil the unpaid bal• _j
<br /> - � ance ot said note is fully paid. The taking of possession hereunder shall in no manner prevent ar retard said mortgagce in +;3
<br /> 2 �1'F the collecUon of said sums by foreclosure or ofhcrwise. �
<br /> ?� �Vhether said debt becomes due by lapsc of time, or by rcason of the failure of the party of the first part to comply ;:
<br /> x �3 with any condition herein,the said Home Federal Savings &Loan Association of Grand Island, t4e successors and assigns, };
<br /> � shall have the rlght to begin the foreclosurc of this mortgage at once on the whole debt hereby secured, and to indude � ,
<br /> �k therein all taxes, assessments,i,uurance premlums and costs,paid by it or lhem; or said Association, its successon or �
<br /> � ,a assigas, mny foreclose only as to the sum past due, �sithout injury to this mortgage, at thc displacement ar impairment t,
<br /> r of the lien thereof.
<br /> 7,
<br /> ; And t6e said ficst party and thc makets of said note,especially agree and dedarc that thc separate estate of cach and
<br /> i �y every one of them, Including both that now owned and that hereaftcr ucquired, is pledged and bound for the payment of
<br /> � t the debt hereby securecL #•
<br /> � After the commencement of any suit in[otedosure the plaintitf thcrein shall 6e entiUed to the immediate possession of �'
<br /> ! � sald pretnises nnd t6e appointment of a recciver therefor, notwithstanding they may be the homestead of the occupant and �
<br /> , � notwithstanding the parties llable for the debt may be solvent,and the first party hereby consents to the appointment of a f;
<br /> F�., Receiver upon the production of this indeafure,without other evidence. i;: -;:;.� '
<br /> � The fomgoing conditions nnd agmements, nll and singular,being fully performed,thls convcyance shall be void,other• � +`
<br /> �� wise to be und remain in full force and eifect. fij ;
<br /> L � 6th October 76 � ' �
<br /> Signed this day o� ^ .D.. 19— #' �,
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<br /> }� In pmsence of ` � / "'� � ���, � <9
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