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<br />GLAR.EiJCE L. SHUDA AiJG) VEfY~d1E K. SHUDA, Fousbanri ar~tr7 i,~ife; lidJ~~D K;'t=~V~~?4FETI-d E. ~rt-BE,1'[7A, unmarried
<br />of the County of HALL and State of'JEBRASKP, -hereinafter ezlled the
<br />party of the first part, in
<br />consideration og FOUP,TY FIVE THOUSAND fU'yD NO/l00-----
<br />-------- -------°------------ _=DOLLARS,
<br />in hand paid, do aete'ay grant, bargain, sell and convey unto the Home Federal Savings do Loan Association Of Grand island,
<br />Grand Island, l~lebraska, and its successors and assigns, the following real estate, situated in HALL
<br />County, State of_ NERRASKR ,y towit:
<br />LOT EIGNTEEiJ (IS) IN '.+IESTROADS ESTATES THIRD SUEDIVISIOiJ, HALL COUNTY, NEBRASKA
<br />~; Together with all :ixe appurtenances thereanto belonging, and all covenants in all the title deeds running with said real estate,
<br />and all the rents, issues and profits arising therefrom after default in performance of any covenant or condition herein cen-
<br />- twined; and warrants the title thereto perfect and cleaz eacept for this mortgage.
<br />- nssrina thr times this 7~r 4rtgage ig L farcee the mort$adar5 agree-
<br />- FL-st. To pay aIi taxes and special assessments levied against said premises, including all tales and assessments levied
<br />;upon this mortgage, or the debt secured by this mortgage.
<br />Second. To keep all buildings thereon insured against lass by fire, lightning and tornado in some company, to be ap•
<br />~ p:aved by the said Home Federal Savings & Loan Association of Grand Island in the sum of ~ i nsurab I e va I ue for
<br />lee benefit of the said Association, and its successors or assigns; and to deposit said policies with said Association, and shall not
<br />hommii ar suffer any waste on said premises, and shall put and keeg said real estate buildings and improvements fn good
<br />p,~ prder.
<br />Third. To pay or cause to be paid to the`Home Federal Savings & Loan Association of Grand Island, its successors or
<br />Forty-five Thousand and No/100-------------------------
<br />assigns, tae sum of $ DOLLARS,
<br />`-` payable as follows:
<br />~4~,Op0.G0 DUE SEPTEP~I6ER 21, 1980
<br />t=.
<br />with interest thereon payable, according to the tenor and effect of the one certain first mortgage not;, poi said mortgagors,
<br />hearing even date with these present;;. After maturity said bond draws interest at the rate of Aial=-liier Beat per annum.
<br />t. If 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 whole flit shall becomo due immediately, at the option of the
<br />said Association, and shall thereafter draw interest at the rata of )tyQ1e cent per annum.
<br />' The mortgagors hereby assign- to said mortgagee all rents and income arising at any and sU times from said
<br />property and hereby authorize said mortgagee or its agent, at its option, ugon default, to take charge of said property and
<br />rolled aU rants and income therefrom and apply the same to tae payment of interest, principal, insurance premiums, taxes,
<br />assessments, repairs or improvements necessary to keep said property in tenantable condition, or to other charges or pay-
<br />menu provided for herein or in rho note hereby secured. This tent assignment shall eondnue in fozce 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 />rho callectian of said sums by foreclosure or otherwise.
<br />i 'tehethet said debt 6e€omes due by lapse of time, or by reason of the failure of the party of the first part to comply
<br />jsl with any condition herein, the said Home Federal Savings & Loan Association of Grand Island, the successors and assigns,
<br />shah have the right to begin the foreclosure of this mortgage at once on the whole debt hereby secured, end to include
<br />therein all tax€s, asaosanrYaf,s, insurance premiums and costs, paid by it ar th€m; or said Association, its successors ar
<br />assigns, may foreel6>:e only as to tae. lam past due, without injury to this mortgage, ar the displacement or impairment
<br />of the lien thereof. `
<br />And Ure said first gaily sad tht~ makers of said note, especially agar and declare that the separate estate et each sad
<br />r every one of them, iacludlpg both that mow awned and that hereafter acquired, i$ pledged and bound for the payment of
<br />~hc debt hereby secured.
<br />~` After the eomtafficement of Any suit to foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br />'l saftl premises and rho appointment of a receiver therefor, notwithstanding they may b€ the homestead of the occupant and
<br />witbstandiag fhe parties liable fo'r the debt may be solvent, and the first party hereby consents to the appointment of a
<br />Ieiver upon the prodnotlon of this iudeature, without other evidence.
<br />The foregoing. candittona and agt'Ptments, ell and singiilar, being fully performed, this conveyance shall be void, ether-
<br />€"t'e to be and regjain ia.Lrll farce ariA effect.
<br />>~! , .
<br />_ Signed this 21st _~y of 5 t m . A.. 19 79
<br />In preseare of /~ ' -t-- % ~
<br />Vernie S V
<br />.~ ~` ~~ ~.
<br />
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