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7 100183
<br />GACt aT1tl a.OJa TRLUTIC?11 SEC jRITY
<br />MORTCAt f LOAN Nt) ..- - - -r
<br />KNM A11 M3t_N BY 77it-SE PRESENTS: That Kenneth E. Shuda Arid 0 atiiiee IV , .li`,Udi;t s e4c h irk Iliz artd
<br />'3,er own %..fit and az 43pouse of each Other, Mortgagor, whalbar o e or more, in confitdowitin ic of
<br />--7 =11OLLARS
<br />hativied to wA mortgogin by The Equitable Buildmig and loan Association of Grand island, Nebraska, Mortgagee, upon shatrostifstiKkof
<br />sand ASSOCIATION, Certificate No. l.. I do itesehy grant, convey and mortgage, unto the said ASSMIATION the folkwArg
<br />described mal ema e, sunaled its Hail County, Nebraska:
<br />in Wes,lroads Estates FDur....
<br />together with all the tenements, hereditaments -rid appurternanees therewito tichinging, including attached tlonr coverings, all window screens,
<br />window shades, bliruis, stoat windows, aw-nines, treating, air con"Oooving. ard plumbing and water equipment. and accessories thereto, pumps, stoves,
<br />refrigerators, and either fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br />And whereas the said mortgagor has agreed and does hereby agtee that the mortgagor shall and will pay all taxes and assessments levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereh4 before the same shall became delinquent; to furnish approved
<br />insurance upon the buildings ran said prem;,cs situated in the sum if 3 36, Ob. 3 J parable to said ,4SSfX1AT34N artd to deliver to said
<br />ASSOCIATION the policies for said insurance: and not tc c rntrlt or permit any waste on or about said premises.
<br />In case of default in flit performance of any of the terms and conditions of thus mortgage or the band secured hereby, the mortgage shall,
<br />on demand., be entitled to irrsmediaae perssesston :>E the mortgaged promises and the *nartsagoa hereby assigns, transfers and sets over to the
<br />mart
<br />all the rents, revenues and inwrric- to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br />unpaid; and the mortgagee shall have the power it) appoint anv agent or agents it may desire for the purpose of repairing said preraiws and renthig
<br />The sane and collecting the rents, ievenues and inainw.. and it may pay out of said income all expenses of repairing said premises and corminissums and expenses incurred in renting and managing the same and of wilceting rentals therefrom; the balance rennaittitng, if any, to be
<br />applied toward the discharge cif staid rortgage indleb;ctinessi these rights of the mortgagee may he exercised at any time during the existence of such
<br />default, urespectivv <tf any temporary waiver of the same.
<br />These Presents- liatwever, are upon the Condition, That of the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br />payment: pax monthly to said ASSLKIATION' of the sum specified in the Bond secured hereby as interest and principal on said loan, on or before
<br />the Twentieth day of earl; and every month. until said Loan is f uliy paid: pay all taxes and assessments levied against said premises aard on this Mortgage
<br />and the Bond secured theretry, befoe deiinuuency; f arnish approved insurance upon the buildings thereon in the sum of S 38, 000 .00 payable
<br />to said ASS(XIATION; repay to said ASS6CIATION upcut demand all money by it paid for such taxes, assessments and insurance with in- terest at
<br />the maxamurtr legal rase thereon from date iaf payment all of which Mortgagor hereby agrees to pay: permit no waste on said promises: keep and comply
<br />with all the agreenwrils and con- dillons of the Bond lot S 38 000.00 this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the f oir i tutwn and By -Laws of said ASSOCIATION: then these presents shall become null and void. otherwise they
<br />shall remain in full force and may be Rreclosed at the option of the said ASSOCIATION after failure for throe months to make any of said
<br />payments or be three months in arrears in sn✓king said nionthly paynents, of ico keep and comply with the agreements and conditions of said Bond;
<br />and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br />If there is any change in ownership of the real estate mortgaged herein, by sale or otherwise, then the entire retraining indebtedness hereby
<br />secured wall, at the option of The Equitable Building and I:ian Association of Grand Island. Nebraska, become immediately dare and payable without
<br />further notice, Anil the amount remaining due under said bond. and any other bond for any additional advances made thereunder, shall, from the
<br />date of exercise of said option, bean interest at the maximum legal rate- and This mortgage may then be foreclosed to satisfy the amount due on said
<br />brnad, and any other bond for additional advances, together with all sums paid by said The Equitable Building arid Loan Association of Grand Island,
<br />Nebo for insurance. taxes ant! assesatncr3ts, and Abstracting extension charges, with interest thereon, from date of payment at the arxaxitrurn
<br />legal rate.
<br />As provided in the Bcnd secured hereby, while ifti<_ rrsorigage rerttalns in effect the mortgagee may hereafter Advance additional sums to the
<br />Viers (zi said Bond, their assigns sr successors :n interest, which -unt% s #tali be within the security of this mortgage the same as the funds originally
<br />secured Hereby, the total amount of principal debt twat to exceed at anv time the original amount of this mortgage.
<br />Bated this 7th - day.;f J?.r.•uary A. 1) . 1'+ 67
<br />STATE 0€ NEDRA.�g -A,
<br />CiA -s:7i OF HAIR ss
<br />day .ti Janl'iari 1987 , before nee
<br />0,, unde)Wned, a N<oary futalec lit arid bm sAid (: onnty, r x Iy c nse
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