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<br /> �r.;��,..►r� '
<br /> �$�'��2 a�� REAL EST�TE MORTGAGE
<br /> p�C.dt`� � . . .
<br /> CLAR�iVGE L. SHUDA AfJD VERNfE K. SH'UDA husbanei and wife each in his and. her own ri�ht
<br /> � and as soouse of the other � � -
<br /> ot tLe County� �a�� and 5tate o� Nabraska b�elnafter called tYie parEy of the ficst part,in
<br /> conslderaUoa of FQRTY 7?�REE THO'USANa AN'D NO/I 00-^----_—_,----'-------^---------------nOLLAR5.
<br /> in hand patd,dp here6y grant,bergain,sell and convey unto the Home Federal Savings&Loaa pasocia}lon ot Graad 3sland,
<br /> C.raad Island,Nebraska,and itis saceeseors and assigns,the followTng aeal estate,eituated tn Ha I I
<br /> County: State of Nzb raska �, Ww�t:
<br /> LOT tH t RTY (30} IN WE5TRQADS EST'ATES TH I Rn �l!BU 1�"I S t ON, FiALL CrJUNT'f, iJEDRASM,A
<br /> Togethes wtth aIl the appurtenances thereunto beloaging, and all covenanis in ali the title deeds runniag vrith said re81 estate,
<br /> and all the rents,iesuea and proflts arising thereEFom after defavlt in performanoe of any covenant or condifloa herein con-
<br /> tained;and warranYs 4he Utle thereto peafeet and elear except for tLis morCgage. '
<br /> Dnring the time thLs mortgage is ia force the mortgagoxs agree:
<br /> F's�sL Ta pay all taaes aqd Special assessments levled ageinst sald premises, incluaing a11 taaes and assessments levied
<br /> apon this moztgage,or the debt secured by this mortgaga
<br /> Second. To keep all buildings Yherean iasured againsY losS by fire,lightning aad tomadp in eome company,to be aP
<br /> proved by the said Home Federal Savings & Loan Associa4bn of Grand Island 'an the sum o£$ i n5 u rab l e va I ue , for
<br /> tlie benefit of the sald Assueiation,and lts successors or assigns; and to deppsit said poli+eies with sald Association, and ah8ll not
<br /> commit or suffes any waste on said premises, and s4all put aad keep said resil estate buildings aad improvements in good
<br /> orden
<br /> TLird. To pa9 or cause to be paid to the Iiome Federal Savings dc Losn Aesociation of Grand Isiand, i;s successora or
<br /> ' asslgns,the sum of� FORTY THr�EE tHOUSAN.n ANn NO/I c)0----.----:�--t--_-_________._�__�___ppr.r.eus, ' "
<br /> � gayable as follows: . � �.
<br /> $43,000.00 Due Apri I I, 1979 '
<br /> with interest thereon payable, accordiag to the tenor and effect of the one certain Sirst mortgage note of satd mortgagors,
<br /> beadng even date wlth these presents. After matuHty said bond draws interest at the rate of nine per ceat per annum.
<br /> If said taxes and assessments are not paid when due, or if the buildings on eaid premises are aot insured as above pro-
<br /> v3ded,or if any of said interest is aot paid when due,tbea said wbole debt shall become due immedtately,at the opUo¢of the
<br /> said Association,and shaII thereafter draw interest at the rate of aine per cent per annum.
<br /> The mortgagor 5 hereby assign— to said mortgagee all rents and income artsing at any and all times from said
<br /> property and hereby authorize said mortgagee or its agent, at its option, upon default, to take charge of said property and
<br /> collect s1I rents and income therefrom and app�y the same to the payment of iaterest, principal, insurance premiums,taxes,
<br /> essessmeats, repairs or improvements necessary to keep sald property in tenantable conditlon, or to other charges or pay-
<br /> ments provided for herein or in the aote hereby secured. This rent assignment shall continue ia force until the unpaid bal-
<br /> ance of said note is inlly peId The taking of possession hereunder ahall In no manner preveat or retard said morlgagee in �
<br /> [Le colleetion of said autns by foreclosure or otherwlse.
<br /> Whetber said debt becomes due by lapse of time, or by reason of the failure of the party of the firat part to comply
<br /> wlth any coridition hereia,the said Home Federal Savings & Loan Association of Grand Island, the successors and assigna,
<br /> sLall hane the right to begin the foreclosure of tlus mortgage at once on the whole debt hereby secured, and to include
<br /> therein sII taaes, asaesements, insurance premiuma and costs, paid by it or them; or satd Asaociation, its succcssors or
<br /> aseigns, may foreclose only as to t6e aum past due, w[thout injury to t61s mortgage, or the dlspiacement or impairment
<br /> of t6e lien thereaE
<br /> And the said firat parLy and the makers of said note, espedally agree and declaze tLat the sepazate esFate of each and
<br /> every one of them, including both that now owned and that hereatter acquired,Is pledged and bound for the papment of
<br /> the debt hereby secured
<br /> � After tLe commencement of aay sult ia foreclosure the plaintlff thereia ahall be enUtled to the lmmedlate posaeasion of ;
<br /> - � said"premiaes.and-the appointmer►t of a receiver therefor, notwithstanding they may be the homestead of Lhe occupant and
<br /> �notwithstanding the paiRiea Ilable for the debt may be sotveat, and the firat party hereby conaenta to the appointment of a
<br /> Secelver upon the-production of thts iadenture, without other evidence. �'
<br /> The foregoing conditiona and a�eements, all and singular, being fully pertormed,this conveyance sLall be void, otLer- ���'-,
<br /> - � wiie�w ue ana remaln ia tou tone aaa�effecc. I yr
<br /> ,��rh;. 6th day„f A r i I J `v �
<br /> D., 19 78 g`.
<br /> ���
<br /> In preseace of - I
<br /> a r�nc u ' ,+� ;.
<br /> Vern ie K.- Shuda
<br /> ' �"t �
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