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<br />I
<br />SHORT FORM
<br />PROPERTY IMPROVEMENT
<br />l fC FORM No. 211 (REV. 12180)
<br />UN
<br />REAL ESTATE
<br />000600
<br />Loan Number -__625 69
<br />MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS
<br />Lester J. Wra e and D4zlll�A .D,....l:it~agge._.husband.and. wife--.-_----..-------- ------ --- ----- --- ---- -. - - - - --
<br />THAT_.. J.._.__ _59..._- _-....-.- ..
<br />hereinafter called Mortgagors, In consideration of the sumo ..................
<br />....... -• ...........................................----
<br />Ei ht Iilarsand Five•- ii1Kt.Fiva. and. 50% 1II0-------- .-- -------- --------- - -` - -- -
<br />($ 8, 505.50 ) DOLLARS, the receipt of which is hereby acknowledged, do hereby MGRTGAGE
<br />and CONVEY an absolute title, 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 ......... Hall ---------------- -
<br />County, State of NEBRASKA, to -wit:
<br />Lot 8 in Claussen Subdivision, being a part of the c•lest Half
<br />of the Southwest Quarter of Section 2, Township 11 North,
<br />Range 10 West of the 6th P.M., 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, pprovided 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 Mortgagors bearing even date with
<br />this mortgage, and shall 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 small 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 morigage shall stand as security for the carne. (2) That Mortgagors covenant with the Mortgagee
<br />that they are ]awfully 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) 'Brat in case of a foreclosure of this mortgage,
<br />the nst thQ in such proceedings shall be entitled to take ho,scssion of the premises, protect the same and
<br />collect the rents, issues and profits thereof. (4) 'f1 tat a aihrre to pay any of said money or any install-
<br />hall ca use the whole sum of money herein secur'dltto become due and scollectibleratfone atgthe option of
<br />the Mortgagee.
<br />TRANSFER. OF TJiF 1,130111;RTY; A` SUA11 "TION. 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 to this Mnrtgal;e, (b) the creation of a purchase
<br />money security interest for household appliances, (c) it transfer by devise, descent or by operation of law
<br />upon the death of a joint tenant or (d) the (;rant (if any lcaschold interest of three years or 1(s not con.
<br />taining an option to purchase, Mortgagee may, at NlOrtl;agee's uption, declare all the sums welted by this
<br />Mortgage to be inunediately due and payable.
<br />If Morl.gegm exercises such option to accelerate, plorigagee shall mail Mortgagor notice of
<br />acceleration and such notice shall provide a period of not less Than 30 days from the date the nonce is
<br />mailed within which Mort.gap;or (nay pay the t:unis declared due. if Mortgagor fails to pay such mmis prior
<br />to the expiration of such period, Mortgagee may, without further notice or demand on Mortt;pgor, invoke
<br />the pxrwer of sale and any other rernedies pertnitied by applicable law.
<br />Signed1his._.5 ..... (lay of... ........ .........._ ...... ........ ....,............ , I9...8r ?_.»
<br />1:..._..._... ...... .C� Unty.
<br />ta'1 Ig £35. before tile, the undet�S „ntKl, n Notary 1`uhli , in rand for
<br />On thus day of _ ..
<br />. tr!r J. wr tntk antd rk)nna €). tdr ogd:',_ 11u 1> ut(l tna V4l t i'_.
<br />'at(1 County, per,w.311y catop _,. . _. _. ._
<br />per,r,nalty l.ne >.�rn to we Ice be the. idrntit -A perming whu�.r` Vomit, ne arc' atTiu•d l0 11rc :rlr+r.e .vnl furrt,otnx inslruruent, na
<br />rrtur(uagars, rend each nr1,rlf,%04M1',r•d !,rtirl instruutent to lr hi, or 1,er oluntary nct ;md ,lerYL mS
<br />14'ilnr•:a my l,:r n,l noel notarial . —I no
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