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~~-' ~=' `~~~ REAL ESTATE MORTGAGE
<br />KEItiNETH E. SHUDA, unmarriee
<br />of the County of HALL NEBRASKA ~-
<br />and State of hereinafter called the Party of tfiefsat part,in-
<br />oonaideratioa of FOURTY FIVE THOUSAND AND tJ0/ I00---------------------------------'--rntsn~
<br />la hand paid, do hereby great, bargain, sell and convey noto the Honor Federal Savlagi & Loan Aaaaciation of fuand yilaand;:-
<br />Crate Island. Nebraska, and fte sueceaaots-sad ensigns, the following real estate, actuated fa HALL
<br />County, State of NEBRASKA ,-., tasrit:
<br />LOT FOURTEEN (14;, WESTRGADS ESTATES THIRD SUBDIVISION, HALL COUNTY, NEBRASKA
<br />Together with all the appurtenances thereunto belonging. and all covenants in all the-title deeds canning with said real estate,
<br />and all the rents, issues and profits arising therefrom after default is performance of any coverent or condition herein con-
<br />rained; and warrants the title thereto perfect and dear except far this 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 all taxes and assessments levied
<br />upon this mortgage, or the debt secured by thin mortgage.
<br />Second. To ksep all buildings thereon insured against loss by fire, lightning and tornado in same company, to be ap•
<br />proved by the said Home Federal Savings & Loan Association of Grand Island in the sum of g i nsu-ab I e va I ue ~ {or
<br />the benefit of the said Association. and its successors or assigns: and to deposit said policies with said Association, and shall not
<br />comarit or suffer any waste on said premises, and shall pnt and keep said real estate buildings and imptnvemeats 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 $ FOL'RTY FIVE THOUSAND AtJD tdO/ 100----------------------------------DOLLARS,
<br />payable as follows:
<br />v45,000.00 UUE AG;u~T i~, i')c)
<br />with interest thereon payable, according to the tenor and effect of the one certain first mortgage to of said murtgagors, dt
<br />hearing even date with these presents. After maturity said bond draws interest at the rate o'f~ e)Snr cent Per annum. V
<br />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~t ~t shall become due immediately, at the option of the s
<br />said A.saoeiation, and shall thereafter draw Interest at the rate o~f sat per cent per annum.
<br />The mortgagor_5 hereby asstgn_ to Bald 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 option, upon default, to take charge of said property and
<br />rolled aLL rents and income therefrom and apply the sumo 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 ur pay-
<br />ments provided for herein or in 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 of said sums by foreclosure o: otherwise.
<br />Whether said debt becomes due by lapse of time, or 6y reason of the failure of the party of the first pert to comply
<br />with any condition herein, the said Home Federal Savings & Loan Association of Grand Island, the successors and assigns,
<br />shall have the right to begin the Foreclosure of this mortgage at once on the whole debt hereby secured, and to include
<br />therein all taxes, assessments, insurance premiums and costs, paid by it or them; or said Assoelatlon, its successors or ;
<br />assigns, may foreclose oniv as to the sum past due, without injury to this mortgage, or the displacement or impair!nent
<br />of the lien thereof.
<br />Aad the said first party and the makers of said note, especially agree and declare that the separate estate of each and
<br />every one of them, including both that now owned and that hereafter acquired, is pledged and bound for the payment of
<br />the debt hereby secured. -
<br />After the commencement of any suit in foreclosure the plaintiff therein shall be entitled to the immediate possession of
<br />said premises and the appointment of a receiver therefor, notwitbstaadiag they may be the homestead of the occupant and ~_
<br />notwithstanding the pa,^ties liable foz 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 rnndIt[one and agreements, all and singular, being fatly performed, this conveyance shall be void, other
<br />wise to be snd remain is full force and effeM.
<br />I3th August 30
<br />Signed thin day of^_ ~l. D., 19~ ~ ~-
<br />r/
<br />Ia presence of -~ - , ~ ' ~~~
<br />,e~ rriea ~ -
<br />is_
<br />°- -- ----
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