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MORTGAGE 85-_ 005258 The mortoge made and entered into this 11th day of _ Ortnbpr 19�, by and between Clarence L. & Vernie Shudis and Kenneth E. & Dianne Shuda as Joint Tenants (and not as tenants in common) (Husbands & Wives respectively) (haulm. refFerntd to as'mart ) sad N0ftwet Nadomal'B=k (hereafter referred to as ). TAM maintains an office and place of business at 2008 N _ WL-bb Road strut in Grand Island, Hog County. Nebraska. wf t AESsEM that for the comideratiat hereinafter stated, receipt of which is hereby acknowledged, the mortgagor does ha>ebr mortgage, sea, grant. assign, and convey unto the mortgagee, its successors and assigns, all of the rol- lowing described property situated and being in the County of Hall State of Nebraska. Lot Thirty —One (31), Westroads Estates Fourth Subdivision, Hall,County, Nebraska together with all the tenements and appurtenances thereto belonging, all the rents, issues and profits thereof, and all ate, rights, royalties, mineral, oil and gas rights and profits, water, water rights, and water stout, and including an hating, plumbing, refrigeration, lighting, equipment and all fixtures of every description belonging to the mortgagor now or hereafter attached thereto or used in connection with the premises herein described and in addition thereto the following described properties which are and shall be deemed to be fixtures and a part of the realty, and are a portion of the security for the indebtedness herein stated. (If none, state "none' To have and to bold the sane unto the Mortgagee, as herein provided: 'The moor is lawfully seized and possessed of and has the right to sell and convey said property: that the tame is free from as encumbrances except as hereinabove recited; and that Mortgagor covenants to warrant and defend the title aforesaid thereto and every part thereof against the claims of all persons whomsoever. Thsictrunaetnt is graven 18 see payment of a promissory note da��d 10 -11 -85 by arence ennet u a in the principal sum of S ' signed in behalf of themselves she, as torch am or notes may from time to time be modified, renewed or extended in writing. In fire t+rat the tide to said real estate is transf erred, or contracted to be transferred, from the undersigned for any srts0a or by any method whatsoever, the entire principal sum and accrued interest shall at once become due and payable at the election of the holder hereof. Failure to exercise this option because of transfer of title as above stated in One iutaa Shan sot constimte a waiver of the right to exercise the same in the event of any subsequent transfer. 1. The mortgagor covenants and agrees as follows: a. To promptly pay the indebtedness evidenced by said promissory note at the tames and in the manner therein provided. b. To pay all taxes, assessments, water rates, and other governmental or municipal charges, fines, or impositions, for which provision has not been made hereinbefore, and will promptly deliver the official receipts therefor to the said mortgage. c. To pay such expenses and fees as may be incurred in the protection and maintenance of said property. including the fees of any attorney employed by the mortgagee for the collection of any or all of the indebtedness hereby Secured, or foreclosure by mortgagee's sale, or court proceedings, or in any other litig ;ttion or proceeding affecting said property. rM to