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<br />4NDRTGAGE 85-0 oos
<br />This mortgage made and entered into this 29th day of. Marsh
<br />19 85 by and between Clarence L. & Vernie Shuda and Kenneth E. & Dianne Shuda as Joint tenants
<br />(and not as tenants in common) (Husbands & Wives respectively)
<br />(bereinaf er referred tows mortgagor) and Northwest National Bank
<br />(hereinafter refereed to as
<br />mortgagee), who maintains an office and place of business at 2008 N Wr hh R.,,,t street in Grand Island,
<br />Hall County, Nebraska.
<br />WtTNMErt•I, that for the consideration hereinafter stated, receipt of which is hereby acknowledged, the mortgagor
<br />does. hereby mortgage, sell, grant, assign, and convey unto the mortgagee, its successors and assigns, all of the fol-
<br />lowing described property situated and being in the County of Hall
<br />State of Nebraska.
<br />Lot Thirty -One (31), Westroads Estates Fourth Subdivision,
<br />Hall County, Nebraska
<br />together with all the tenements and appurtenances thereto belonging, all the rents, issues and profits thereof, and ail
<br />easements, rights, royalties, mineral, oil and gas rights and profits, water, water rights, and water stock, and including
<br />all heating, plumbing, refrigeration, lighting, equipment and all fixtures of every description belonging to the
<br />mortgagor now or hereafter attached thereto or used in connection with the premises herein described and in addition
<br />thereto the following described properties which are and shall be deemed to be fixtures and a part of the realty, and
<br />are a portion of the security for the indebtedness herein stated. (If none, state "none ")
<br />To have and to hold the same unto the Mortgagee, as herein provided:
<br />The mortgagor is lawfully seized and possessed of and has the right to sell and convey said property; that the
<br />same is free from all encumbrances except as hereinabove recited; and that Mortgagor covenants to warrant and
<br />defend the title aforesaid thereto and every part thereof against the claims of all persons whomsoever.
<br />This instrument is given to secure the payment of a promissory note dated 03 -29-85
<br />in the principal sum of $ ?8_ rmn ti signed by
<br />in behalf of _ tfvmws l-
<br />also, as such note or notes may from time to time be modified, renewed or extended in writing.
<br />In the event the title to said real estate is transferred, or contracted to be transferred, from the undersigned for any
<br />reason or by any method whatsoever, the entire principal sum and accrued interest shall at once become due and
<br />payable at the election of the holder hereof. Failure to exercise this option because of transfer of title as above stated
<br />is one instance "not constitute a waiver of the right to exercise the same in the event of any subsequent transfer.
<br />The mortgagor covenants and agrees as follows:
<br />a. To Promptly pay the indebtedness evidenced by said promissory note at the times and in the manner
<br />therein provided.
<br />b. 'Ia pay all taxes, assessments, water rates, and other governmental or municipal charges, fines. or
<br />impositions, for which provision has not been made hereinbefore, and will promptly deliver the official receipts
<br />therefor to the said mortgagee,
<br />c, •ro pay wuclt expenses and fees its may he incurred in the protection and maintenance r,f said lroperty. :.
<br />including the fees of any atrorney employed by the mortgagee for the collection e,t any or all of the itutehtednesc
<br />hereby cet ur €•d, or fora o4ure by olortgaaee's tiale. "r , ourr proccedinu,.:a ut ;env rrther htipat on „r prnctcdinp,
<br />affecting said pnstretts.
<br />4" ON
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