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8E3-- ~-%~~`~ ~-' REAL ESTATE Mt3RTGAGE
<br />CLARENCE L- P4UDA AND VERNiE K. SHUDA, husband and wifie
<br />of the County of HALL and State of NEBRASKA hereiaafter~ called the patty of. the-first part,_in
<br />consideration of FOURT'f FIVE THOUSAND AND NOJ I00----------------------------.Y______~,;;;:, ~;,~
<br />in hand Pall do hereby great, bargain, sell and convey ~fo the Home Federal 3avinga & Loan Association of,G~~ Ialaud,
<br />Grand 7slaad, Nebraska, and its successors and assigns, itte following real estate, situated 3n HALL ... -- __
<br />t,'ounty, State of NEBRASKA ,._, town:
<br />LOT THIRTY TWO C32) IN WESTRCADS ESTATES THIRD SUBDIVISION, IN HALL COUNTY, NEBRASKA
<br />Together with all the appurtenances thereunto belonging, and all covenants in a!1 the title deeds running with said real estate,
<br />and' all the rents, issues and profits arising therefrom after default in performance of any mveaaat or condition herein con-
<br />tained; and warrants the tftle thereto perfect and dear except for th'ss mortgage.
<br />During the time this mortgage is in force the mortgagors agree:
<br />First. To pay all taxes and special assessments levied against said, premises, including a:l taxes and assessments levied
<br />upon this mortgage, or the debt secured by this mortgage.
<br />Second. To keep all buildings thereon insured against loss by fire, lightning and tornado in some crompany, to tre ap~
<br />proved by the said Home Federal Savings & Loaa Association of Gtand Island in the sum of $ I NSUR,4BLE VALUE ,for
<br />flee benefit of the said Association, and its successors or assigns; and to deposit said policies with said Association, and shall not
<br />commit or suffer any waste on said premises, and shall put and keep said real estate buildings and improvements in good
<br />order.
<br />Third. To pay or cause to be i;aid to the Home Federal Savings & Loan Association of Grand Island, its successors or
<br />assigas,thesum of §FCURTY FIVE THOUSAND AND NO/ICO----------------------------------DOLLARS,
<br />payable as follows:
<br />$45,000-i~0 DUE AUGUST 198!
<br />with interest thereon payable, according to the tenor and effect of the one ceaain first morigaggg ~p~~c8li said mortgagors,
<br />bearing even date with these presents. After maturity said bond draws interest at the rate of'~~ per cent per annum.
<br />If said taxes and assessments are not paid when due, or if the buildings on said premises are not insured 2s above pro-
<br />vided, or if any of said interest is not paid when due, then said who}~e debt shall become due immediately, at the option of the
<br />said Association, and shall thereafter draw interest at the rate of'>~it~~~r cent per annum.
<br />The mortgagors- 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 mption, upon default Lo take charge of said property and
<br />collect all rents and income therefrom and apply the same to the 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 />ments Provided for herein or in the note hereby secured. This rent assignment shag continue to 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 of said sums by foreclosure or otherwise.
<br />Whether said debt becomes due bg lapse of time, or by reason of the failure of the party of the first part to comply
<br />with any condition herein, rho said Home Federal Savings & Loan Association of Grand islaud. the successors and assigns,
<br />shall have the right to begin the foreclosure of this mortgage at once on the whole debt herohy secured. and to include
<br />therein all taxes, assessments, insurance premiums and costs, paid by it or them; or said Association, its successors or
<br />assigns, may fotedose only as to the sum Past due, without injury io this mortgage, or the displacement or impairment
<br />mf the llea thereof.
<br />And the said first party and the makers of said note, especia119 agree and declare that the separate estate of each and
<br />every ono cf them, including both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br />the debt heretry secured.
<br />After the rnmmencement of sny soft in foreclosure the Plaintiff therein shall 6e entitled to the immediate possession of
<br />said premises and the appointment of a receiver therefor, notwithstanding they may be the homestead of the occupant and
<br />notwithstanding the parties liable for the debt may be solvent, and the first party hereby consents to the appointment of a
<br />Receiver upon the production of this indenture, without other evidence.
<br />The foregoing conditioets and agreements, all and singular, being fully performed, this conveyance shall be void, other
<br />wise to be and remain in full force and effect.
<br />Signed this 29th day of_- J i I y
<br />~. D., 1980
<br />in presence of C_-•~Lt.~C c-,n-~~ ~ ~~--
<br />C l arencP L. S u~la
<br />\iernie K. Shuda
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