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<br />REAL ESTATE �JEg6N GE x"108192
<br />CONSTRUCTION SEC �A
<br />Clarence L. Shuda and Uernie K. Shuda, Husband and Wife
<br />of the County of Hall and State of Nebraska hereinafter called the party of the first part, in
<br />Sixty Five Thousand and no/ 100------------------------------ - - - - --
<br />coasidnetivn of — ppll,ARS,
<br />its head paid, do hereby pant, ba vA sell and convey unto the Home Federal Savings & Loan Association of Grand island,
<br />Gread l+lan4 Nebraska, and its successors and assigns, the folloeing real estate, situated I, Hall
<br />County, State %# Nehraskn towit:
<br />Lot Twenty Two (22), in brentwood Third Subdivisiorth in the City of Grand Island..'
<br />Hall.6ounty, Nebraska.
<br />Together with all the appurtenances thereunto belonging, and all covenants in all the title deeds running with aaid'.ieui� eefate,
<br />and all the rents, lam and ptroflh arising therefrom after default in performance of any covenant or condition herein con-.
<br />tained; and warrants the title thereto perfect and clear except for this mortgage.
<br />During the time this mortgage is in fosre the mortgagors agree:
<br />First: To pay all taxes and special assessments levied against said premises, including all taxes and aseesla rots levied
<br />ppon this mortgage, or the debt secured by .this mortgage.
<br />Second. To keep all buildings thereon insured against lea by fir+b Ughtning and tornado in some company, to be ap -
<br />psaved by the said Home Federal Savings & Loan Association of Grand island in the sum of d 65, 000.00 r for
<br />the benefit of the aid Association; and its successors or assigns; and to deposit said policies with said Anociation.�and #hall not
<br />commit or suffer any waste on acid premism and shall put and keep said real estate buildings and Improvements in good
<br />Third. To pay or cause to be paid to the Hone Federal Savings & Loan Association of Grand Wand, its successor# or
<br />a#aIM the MM of S GixtX i ua 7hnr rSand And np %'I M -- • KNU ARS,
<br />payable as follow#:
<br />&e June 23, 1990
<br />with interest thereon payable, according to the tenor and effect" of the one certain first mortgage note ' of said mortgagors.
<br />bearing evep'date with these presents. After maturity said bond draws interest at the rate of nine per cent per annum
<br />If said'taxes and assessments are not paid when due, or if the buildings on said premises are not insured as above pro-
<br />widen, or it any of said - interest is not paid when due. then said whole debt shall become due immediately, at the option of the
<br />said Association, andshall tbpmdter draw Interest at the rate of nine per cent per annum.
<br />The mortgagor-1L hereby amign.S- to said mortgagee all rents and income arising 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 all rents and Income tberefrona and apply the same tits the pgment of interest; .principal, insurance premiums, taxes,
<br />assessments, repalre or improvements necessary to keep said property in tenantable condition, or to other charges or pay -
<br />nsents provided for herein or in the note hereby secured. This rent assignment shall costiffm- in,Zwee until the unpaid bid-
<br />am of said ,cote. is, fully paid. The taking of passeaslon hereunder shall in no manner= pmvent or retard said mortgagee in
<br />the eaHecum 4'Wd rums by foreeimm or otben►ise.
<br />Rhatber.aaiid'dabt becomes draw. 1W lapse. of; time, or by reason of the failure of the party of the first-:part to comply
<br />with any condition herein, the #aid.-Hotame Fednsal Savings & Lon Association of Grand Island, the successors and assigns.
<br />shill have the right to begin the foreclosure o! .tills mortgage at once oea, the whole debt hereby secured, and to Include
<br />threi s av taxes, assassinate, insurance premium and coats. paid by It' br them; or said Association, f4 ocessors or
<br />seskw, may, foreclose only as to the sum past due, without injury to this mortgage, or the displacemer;t:.'.jor impairment
<br />of the liaam.-tllMMI.
<br />A,gid ssid lust party and the makers of sold note, especially agree and declarer that the separate esfaie of each and
<br />,..,every our Q them, including both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br />f:. ?rise debt hereby secure&
<br />After the ocement of any suit in foreclosure the plaintiff therein sball be entitled to the, immediate possession of
<br />said proklo s and the appointment of a receiver therefor, notwithstanding they malrbre the homestead of the occupant and
<br />nstwlthrtasdlsg the parties liable for the debt may be solvent, and the first party . consents to the awaintment of a
<br />Becoher neon tie production of this indenture. without other evidence.
<br />Tits foregaiat cosditfons and agreements. all and singular, being -fully performed, this conveyance shall be void, other.
<br />wise to be and amain Is t1u11 fora and effect.
<br />signed this 23 day oL_ _ _ _ -June A. D., 19-02—
<br />In presence of - "['r(T nre Shuck J
<br />' "''IIrK2t5�7ssMla':.. .
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