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<br />516.00 1V44e`I4
<br />MORTGAGE
<br />THIS INDENTURE, -node this . 30th _ _ day of _-Ap i I _ l9 _86 , by and between
<br />..KENNETH_E.- ._SHUDA AND DIAN_NE K. SHUDA_ _HUSBAND A%D_1_IIFE_____
<br />County, Nebraska, as mortgagor _S and Home Federal Savings and Loan Association of Grand Island, a corporation
<br />organized and existing under the laws or the United States of America with its prinnpal office and place of business at Grand Island, Nebraska, as
<br />mortgagee;
<br />WITNESSETH: That said mortgagor _S , for and III consideration If 1170 Slim (If _S�V�(1�}�QU [I_EQf �I� HI 1Nf1RFjZ__.
<br />IEN_DOLLARS_AND_50 /1 CIO _ - -. -_ -_ __- ____'— _- _-- _-__ -- _D ojlars(S_-.7_r4.1Q_5j1--- - - - -1.
<br />the receipt of which is hereby acknowledged, do. _.._.. __. —by these presents mortgage- andvAmant unto said mortgagee, its successors and assigns,
<br />' " n;.;h,;rt
<br />forever, all the following described real estate, sauated in the County of __ lia I I
<br />and State of Nebraska, to -wit: - '•'_` " " - --
<br />A TRACT OF LAND COMPRISING A PART OF THE SOUTHEAST QUARTER (SE's) OF SECTION FIVE (5),
<br />TOWNSHIP TWELVE (12) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA,
<br />111ORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />COMMENCING AT THE SOUTHEAST CORNER OF SAID SOUTHEAST QUARTER (SE'4) AND RUNNING NORTHERLY
<br />(N THE EAST LINE OF SAID SOUTHEAST QUARTER (SE'4) A DISTANCE OF ONE THOUSAND NINETY -SIX
<br />ANS TWENTY HUNDREDTHS (1096.20) FEET TO THE POINT OF BEGINNING; THENCE DEFLECTING LEFT
<br />87 05'30" AND RUNNING WESTERLY A DISTANCE OF SIX HUNDRED THIRTEEN AND SIX HUNDREDTHS
<br />(613.06) FEET; THENCE DEFLECTING RIGHT 45 031'0011 AND RUNNING NORTHWESTERLY A DISTANCg OF
<br />ONE HUNDRED FIVE AND SIXTY -FIVE HUNDREDTHS (105.65) FEET; THENCE DEFLECTING RIGHT 26 22'4
<br />AND RUNNING NORTHERLY A DISTANCE gF ONE HUNDRED THIRTY -FOUR AND FIVE HUNDREDTHS (134.05)
<br />FEET; THENCE DEFLECTING RIGHT 107 08'4611 AND RUNNING EASTERLY TO A POINT ON THE EAST LINE
<br />OF SAID SOUTHEAST QUARTER (SE';) A DISTANCE OF SEVEN �UNDRED SEVENTEEN AND EIGHTY EIGHT
<br />HUNDREDTHS (717.88) FEET; THENCE DEFLECTING RIGHT 88 01'5911 AND RUNNING SOUTHERLY ON
<br />THE EAST LINE OF SAID SOUTHEAST QUARTER (SE'i) A DISTANCE OF TWO HUNDRED FOURTEEN AND
<br />NINETY HUNDREDTHS (214.90) FEET TOTHE POINT OF BEGINNING SAID TRACT CONTAINING 3.27
<br />ACRES MORE OR LESS, OF WHICH 0,20 ACRES MORE OR LESS IS HIGHWAY RIGHT -OF- '•JAY.
<br />Together with all heating, air conditioning, lighting, and plumbing equipment and fixtures, including screens, awnings. storm windows and
<br />doors, and window shades or blinds, used on or In con.ntction with said propene. whether the same are now located on said properly nr hemall,,
<br />placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular the tenements. here•ditaments and appurtenances thereunto he
<br />longing, or in anywise appertaining, forever, and warrant the title to the same Said morgagor 5 hereby covenant with .aid
<br />mortgagee that t hey are at the dehven• hereof, the iewfui owners of the pn-n...es above tort, v d and described.
<br />and -ue_ seized of a good and indefeasible estate of inheritance therein. fret and clear of all encumbrances, and that the .Y_ adl
<br />warrant and detend the title thereto forever against the claims and demands of all persons whomsoever
<br />PROVIDED ALW AYS. and this instrument is exe i med and delivered ti secure t he payment of the sum of SEVEN THOUSAND
<br />_FOUR HUNDRED TEN DOLLARS AND 50/100 -------- - - - - -- Douarst, 7,410.50
<br />with interest Lhereon, together with such charges and wk ar tea as may he due and pavahle to said mortgagee under the terms and conditions
<br />of the promissory note of even date herewith and secured heiebg, execute s ex
<br />d h% snuf mortgagor S to aid mortgagee, pavahle as pressed
<br />in said no Le, and to secure the performance of all the tears and conditions contained therein The terms of said note are herb' incorporated
<br />herein by this reference.
<br />It is Lhe intention and agreement of the parties hereto that this mortgage• shall at.— secure any future advances made to said mortgagor S_
<br />by said mortgagee, and any and all indehu•dness in addaem to the amount ahoye stilted ahic6 said nor.gagurs, or any of them. inav owe to
<br />said mortgagee, however evidenced. whether by note book account or otherwise This mortgage shall remain in full force and eff-t het%ve•e•n
<br />the parties hereto and their heirs, personal representatives. successors and assigns. until all amounts secured hereunder, including future
<br />advances, are paid in fui: with interest
<br />The mortgagor $ hereby assign to said mortgage all rents and Income arising at amv and all lanes from said property lend
<br />hereby authorize said mortgagee or its agent, at its ,ptinn, upon, detnult. to take chargt of said property and collect all nevus and income
<br />therefrom and apply the same to the payment of interest. principal, insurance p- ruinis. taxes, assessments, repairs or nnprocrnenI
<br />necessary to keep said property in tenantable e»ndition, or to other charges or payments provided for herein or In the note herehv secured.
<br />rent assignment shall continue in force until the unpaid balance of said note is fully pied fhe taking of 1--e,sion hereunder shall in no manner
<br />prevent or retard said mortgagee in the collection of said sums by foreclosure nr .ethemvie
<br />The failure of the mortgages to assert am• of its r.ghts hereunder at an time .shall not he construed as ;e waver of its right to assert the
<br />same at nnv later Cnme•, and to insist upon amt enforce tru t compliance with all the terns and prop is ,ns of .aid note and of thn mortgage
<br />If said mortgagor S 'hall cause to be paid to sand loortgugee the entire amount due 11 hereunder. and under the terms and pro%%sions
<br />of sand ante hereby secrurtd, including future advance., and unv extensions ar renewals the-1 in accordance wash the Ierrns :uid provisions
<br />thereof, and if said mortgagor S shall comply wuh all the pro, esmns of .aid note and of Lhe: nu,rtgage, I hen Ihese presents shail 1 cool,
<br />nthefwtsir to remain in full force and effect, and said mortgagee shall he enut led to the 1— session of Ill of id property. and may. at ns opt Ion.
<br />riev:Iara the whole of said mote anti all iidebtedness rep--rated thereby to be u-nou% lately due and pti —ble, and nref for-iose the, mortgage
<br />or take any other iegai action to protest it,, right Appraisement wniveri
<br />I his nnntgaX4, shall tw bmdrog u;x n 9Ra1 .nail eau , t„ Itre bcnefn of I he luaus. ,see u'e.r :u An un .1 nn nr.. u e .o -s .aid asnl i;ns nl the
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