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SHORT FORM 62380 — 1 — 69
<br />FIRM PROPERTY IMPROVEMENT
<br />Loan Number ________________________ -_
<br />Br.ncn tow
<br />g s� L FORM No. 1 MEV. 121801 85�•, (�00%
<br />. REAL ESTATE MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS
<br />THAT....2hares Richard _King._4nd..CarOl..i?YV c11�..K �..xlusbr zd..c .. wi£ e...-• ... ...............................
<br />hereinafter called Mortgagors, in consideration of the sum of ............................................... ...............................
<br />NINE THOUSAND 'IWI�_ HUNDRED_, F1M.. F�.. 1�. dA...( a7.1 1QA---- :,n:7=-- ..--------------- ------ -
<br />($ 9,255.67 ) DOLLARS, the receipt of which is hereby acknowledged, do hereby MORTGAGE
<br />and CONVEY an absolute tittle, including all the rights of homestead and inheritance, unto FIRST
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, NEBRASKA, hereinafter called
<br />Mortgagee, its successors and assigns, the following described real estate, situated in ....... BaU ...................
<br />County, State of NEBRASKA, to -wit:
<br />Lot Tlaenty (20) , Anderson Subdivision, located on part of the
<br />Southeast Quarter of the Northwest 1,Alarter (SF%NW4) of Section 22,
<br />Township 11 North, Range 9 West of the 6th P.M., Gram Island,
<br />Hall County, Nebraska.
<br />TO HAVE AND TO HOLD the real estate above described, with all ;appurtenances thereunto
<br />belonging unto the said Mortgagee, forever, provided always, and this mortgage is upon the express con-
<br />dition that if the aforesaid Mortgagors, their heirs, executors, administrators or assigns shall pay or cause
<br />to be paid to the said Mortgagee, its successors or assigns, the principal sum hereinabove set forth, all
<br />according to the tenor and effect of a certain installment note of said \lortgagors bearing even date with
<br />this mortgage, and shill pay taxes and assessments levied upon said real estate, and all other taxes, levies
<br />and assessments levied upon this mortgage or the note which this mortgage is given to secure, before the
<br />same or any installment thereof becomes delinquent, then this mortgage to be void, otherwise to remain
<br />in full force.
<br />IT IS FURTHER AGREED (1) That if the said Mortgagor shall fail to pay such taxes, the
<br />Mortgagee may pay the same and the sum so advanced with interest shall be paid by said Mortgagors,
<br />and this mortgage shall stand as security for the same. (2) That Aortgagors covenant with the Mortgagee
<br />that they are lawfully seized of said real estate and covenant to warrant and defend the said real estate
<br />against the lawful claims of all persons whomsoever. (3) That in case of a foreclosure of this mortgage,
<br />the plaintiff in such proceedings shall be entitled to take possession of the premises, protect the same and
<br />collect the rents, issues and profits thereof. (4) That pay any of said money or any install-
<br />ment thereof when the same becomes due, or a failure to comply with any of the foregoing agreements,
<br />shall cause the whole sum of money herein secured to b(rome due and collectible at once at the option of
<br />the Mortgagee.
<br />TRANSFER OF TIIF. PROPERTY; ASSUMPTION. If all or any part of the Property or an
<br />interest therein is sold or transferred by Mortgagor without, Mortgagee's prior written consent, excluding
<br />(a) the creation of a lien or encumbrance subordinate ice this Mortg;cge, (h) the creation of a purchase
<br />money security inter(-,t for household appliances, (c) a transfer by devise, descent or by rgwralion of law
<br />tataon the death of a joint, tenant or (d) the grant of any lctas.chnld into rcpt of thrr4• years or l,-s not con.
<br />taining an option to purchase. Mortgagee may, at llorigagce's option, dcnl:arc all the Boons scq,ured by this
<br />'Mortgage to he immediately due and payable.
<br />If Mortgagee exercis(-, such option to acccicralc, Mort; :a,,z -c Khali mail ' Rortgagor notice of
<br />acceleration and such notice shall provide a period of not Ices than 0 days from the date the notice is
<br />mailed within which Mortgagor may pay the Burns declared due. If 'Mortgagor fails to pay r•uch sums prior
<br />to the expiration of such period, Mortgagee: may, without further notice or demand on Morfgagor, involve
<br />the power of sale and any other rernedies remitted by applicable law.
<br />Signed this 25th. day of
<br />%TA11" OF NEBRASKA
<br />ba.
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