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~g_, ~; r, . ~ y~ REAL ESTATE N!®RTGAGE
<br />CLARENCE L. SHUDA AND VERiJIE K. SHUUA, husband and wife
<br />of the County of HALL and Skate of-~`°RASKA hereinafter called the party of the first part, in
<br />FORTY rr"IVE THOUSAND AND NO/100--------------------------------------
<br />consideration of-' -DOLLARS,
<br />in hand paid, do hereby grant, bargain, sell and convey unto the Home Federal Savings & Loan Association of Grand L=land,
<br />Grand Island, Dlebraska, and its successors and assigns, the following real estate, situated in HALL
<br />County, State of Nebraska ,,._, towit:
<br />LvT TWENTY-E;0~-iT (28), 'v+IESTROADS ESTATES THIRD, HALL COUNTY, NEBRASKA.
<br />Together with all the appurtenances thereunto belonging, and all covenants in all the title deeds running wiW said real estate,
<br />r..a she rt,e ante, i =mod ~n~ts n a ttaresrom afWr default in performance of any covenant or condition herein coo-
<br />p---- -
<br />taiaed; and warrants the title thereto perfect and cleaz except for this mortgage.
<br />During the time this mortgage is in force the mortgagors agree:
<br />First To pay aIl taxes and special assessments levied against said premises, including all taxes and assessments levied
<br />upon this mortgage, or flee debt secured by this mortgage.
<br />Second. To keep all buildings thereon insured against Loss by fire, Lightning and tornado in some company, to be ap-
<br />proved by the said Home Federal Savings & Loan Association of Grand Island in the sum of ~ ~ nsurab I e va I ue ,for
<br />the benefit of the said Association, and its successors or assigns; and to deposit said paticies with said Association, and shall not
<br />commit or suffer any waste on said premises, and shat put and keep said real estate buildings and improvements in good
<br />order.
<br />Third. To pay or cause to be paid to the Home Federal Savings & Loan Association of Grand Island, its successors or
<br />assigns, the sum of $ FORTY FIVE THOUSAND AWD `JO/ 100-------------------- ---DOLLARS,
<br />-----------
<br />payable ss follows:
<br />X45,500.00 DUE ,;,;ne I, 1980
<br />with interest thereon payable, according to the tenor and effect of the one certain first mortgage Hate of said mortgagors,
<br />bearing even date with these presents. After maturity said bond draws interest at the rate" ~iY~$ per cent per annum.
<br />H said taxes and assessments are not paid when due, or if the buildings on said premises are not insured as above pro-
<br />vided, or if any of said interest is not paid when due, then said w ole debt shall become due immediately, at the option of the
<br />said Association, and shall thereafter draw interest at the rate og '~er cent per annum.
<br />Tire mortgagor S hereby assign- 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 eption, upon default, to take charge of said property and
<br />collect all rents and income therefrom and apply the same to the payment of interest, prtacipal, insurance premiums, taxes,
<br />as<essments, repairs or improvements necessan° to keep said property in tenantable condition, or to other charges or pay-
<br />ments provided for herein or is the note hereby secured. This rent assignment shall continue in force until the unpaid bal-
<br />ance of said note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mortgagee in
<br />the collection a# said sums by foreclosure er otherwise.
<br />Whether said debt becomes due by lapse of time, or by reason of the failure of the party of the first part to comply
<br />with nay condition herein, the said Home Federal Savings do Loan Association of Grand Island, the successors and assigns,
<br />shall havt the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br />therein all fazes, assessments, innmwnre premiums and costs, paid by it or them: or said Association, its successors or
<br />aasignq may foreclose only as to the sum past due, vi#hout injury to this mortgage, or the displacement or impairment
<br />of the lien thereof.
<br />And the mid first party and the makers of said note, especially agree and declaze that the separate estate of each and
<br />every one of them, including both That now owped and That hereafter a~quired,v< pledged and bound for the payment of
<br />the debt hereby secured.
<br />After the comme**~~at of any suit in foreclosure the plaintiff the*++ip shall be entitled to the immediate possession of
<br />said premises and the appointment of a receiver therefor, notwithstnnding they may be the homestead of the occupant and
<br />notwit~ts*+~l*o¢ 6he parties liable for the debt may be solvent, sad the first party hereby consents to the appointment of a
<br />Receiver upon the prodnction of this indenture, without other evidence.
<br />The foregoing eonditlona and agreements, all and singular, being fully performed, this conveyance shall be void, other-
<br />wise to be and remain in lull force and effect
<br />Signed thlc 61ih daS of J un~e? .A. Dn, 1/J9_~779
<br />III presence of l O d"fiL,..JL.e
<br />rence SIh~u~~
<br />-.. ~..P/t...~ri X~ ~-
<br />ernie K. Shuda
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