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<br />REA.L ESTATE MORTGAG E
<br />To
<br />CLARENCE' L. SHUDA AND VERNIE K. SHUDA7 h sband and wife.'ea'clh in 'his and.h.er-'own_LLf_qht
<br />and as spouse of -the other,
<br />of the County of HACL and State of NEBRASKA --hereinafter calle the'party of the,first part, in
<br />consideration of 'FORTY–TWO _TH0IJSAfJn E IGHT H1lW0RFD AND -N --------------- OLLARS,
<br />in -hand paid, do hereby grant, bargain, sell and convey unto the Home Fed ral'Savings , & LL Associ
<br />ation df Grand Island,
<br />Grand Island, Nebraska, and its successors and'assigns, the following real ate, situated in Hall
<br />County, State Nebra,,ka towit:
<br />Ll
<br />LOT TWENTY–EIGHT (28) IN RAVENWOOD SUBDIV I 13ION, HA,L OUNTY, NEBRASKA,
<br />BEING A TRACT OF LAND CbMPRISING A PART qF THE SOUTH FALF OF THE'l.
<br />SOUTHEAST QUARTER (S-?L.SE-L)' OF SECTION THIRT:_:EN' (13)1,� T(WNSHIP ELEVEN (11)
<br />it 7Fed ral Savings 7P&L
<br />est -
<br />NORTH, RANGE NINE (9) WEST OF THE 6TH P.I.,
<br />Together with all the appurtenances thereunto belonging, and all covenants in allAhe title dedds running withisaid real c.tate,
<br />and all the rents, issues and profits arising thcref�'om after default in performance of a�n� co enant or condi6oh. herein con-
<br />tained; and warrants the title thereto perfect and 'clear except for this mortgage,
<br />During the time this mortgage is in force the mortgagors agree:
<br />First. To pay all taxes and special assessments levied against said preml ses,: including al taxcs�and ass�ss'ments levied
<br />upon this mortgage, or the debt secured by this mortgage.
<br />Second. To keep all buildings thereon insurled against loss by fire li htning and tornido in some conipany, to be ap-
<br />proved by the said Home Federal Savings & Loan Association of Grand Is an I iw the sum of $ 1 nsurab Ile va I ue , for
<br />nefit of the said Association, an
<br />the be d its successor's or assigns; - and to deposit said policies'wit i said Associaticin', and shall not
<br />6? sai� real! estate' �uildings and improvements in good
<br />commit or suffer any waste on said premises, and shall put and keep
<br />order.
<br />Third. To pay or cause to be paid to the Home Federal Savings & Loa 1 As sociation of Grand Island, iis successors or
<br />:assigns, the sum of FORTY–TWO THOUSAND FiGHT HuN�Rm '41n Um/ i nn___1
<br />"---DOLLARS,.
<br />payable as follows:
<br />$42�800.00 'DUE NOVE14BER 1, 19,6
<br />Ltgage note of said mortgagors,
<br />with interest thereon payable, according to the tenor and effect of the one'.c�rlahi first�
<br />bearing even date with these presents. After "maiurity said bond draws in crest at the I rat? of nine per cbnt 'per annum.
<br />it said taxes and assessments are not paid' when due, 'or if the buildink on said premis
<br />are not insured as. above pro
<br />.vided, or if any of said interest:is not paid when d��e, then said- whole debt s 1h 11 b6come'due i mediately, at the option of the
<br />said Association, and shall thereafter draw interest'at the rate of ni
<br />ine per cc t per annum.
<br />The mortgagor hereby assign to said. mortgagee all;rents and in'coffie arisin'gl at any and all times -.from. said
<br />property and hereby authorize said mortgagee or its agent, at its option, up � i default, tol tak charge of saiid'aproperty and
<br />'o
<br />collect all rents and income therefrom and apply the same to the payment olli fl interest, pr;ncipal, insurance- premiums, taxes,*
<br />assessments, repairs or improvements necessary to! keep said property in tenantable condition, or to other charges or pay-
<br />�.l ments provided for herein or in the note hereby s�cured. This � rent assign ' ez�t shall cont , I , nue in force until the unpaid bal
<br />IR in
<br />ance of said note is fully paid.:The taking of possession hereunder sha in' 1 0 manner preve it or retard said mortgagee in
<br />the collection of said sums by foreclosure or other�vise.
<br />or said debt becomes due by lapse of time, or by riea! �,ailure of the pallfty of the first,:part to comply
<br />M with any condition herein, the said Home Federal �Savings & Loan Association of Grand Island, the successors and assigns,
<br />shall have the right to begin the foreclosure of this mortgage at once on ih whole debt h6eby secured, and to include
<br />therein all taxes, assessments, insurance premiums �:and costs, paid by it dr! them; or: s4id Association, its 's '
<br />I uccessors or
<br />assigns, may foreclose only as :to the sum Iiast due, without injury to this niortgage,� o ! r le displacement or impairment
<br />of the lien thereof.
<br />And the said first party and the makers of said note, especially agre 1. d declare thht e separate estate of each and
<br />.every one of them, including both that now owne�d' and that hereafter a . cquired, :is pledged and bound for ihe payment of
<br />�3
<br />the debt hereby secured.
<br />After the commencement of any suit in foreclosure the plaintiff therein shall be entitlei io the immediate possession of
<br />I I -
<br />said premises and the appointment of a receiver therefor, notwithstanding they may be' the omestead of the occupant and
<br />party hereby! consents to the app.ointment of a
<br />notwithstanding the parties liable for the debt may� be solvent,. and the firs
<br />ileceiver upon the production of this indenture, without other' evidence.
<br />The foregoing conditions and agreements, all land singular, being f ully erformed, ttiis e nveyance shall be void, other-
<br />wise to be and remain in full force and effect.
<br />November
<br />Signed 6is
<br />—day of 75
<br />D., 19 --
<br />In presence of
<br />C I
<br />arence L. �Sh�
<br />V�r ie K. Sh'ud6
<br />
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