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RUAL SHORT FORM
<br />PROPERTY IMPROVEMENT Loan Number___ 52857._ 1 69
<br />er�neh o� —�TYW
<br />FORM No, 211 (Rev, 12180) 85'�' 001196
<br />REAL ESTATE MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS
<br />Johnnie W. Bruns and Nancy A. Bruns, husband and wife and
<br />THAT......D�- --W4- AP3rA.. [i�7.��C1ii.Fw, H} u15..�.diiS�.Ft7f ........................ ..............._...............
<br />hereinafter called Mortgagors, in consideration of the sum of ............................................... ...............................
<br />Four Thousand Ninety -Four and 91/ lOQ-------------------- ___� —____—
<br />............................... ............................. .. .°...................-°._.............---......._............_...__.............. ...............................
<br />($ 4,094.91 ) DOLLARS, the receipt of which is hereby acknowledged, do hereby MORTGAGE
<br />and CON'yT1 an absolute title, including ail the rights of homestead and inheritance, unto FIRST
<br />FEDERAL SAVINGS AND LOAN ASSOCTATION OF LINCOLN, NEBRASKA, hereinafter called
<br />Mortgagee, its successors and assigns, the following described real estate, situated in ........ HaU ..................
<br />County, State of NEBRASKA, to -wit:
<br />Lot One (1), Block Fifteen (15), Russel Wheeler's Addition
<br />to Grand Island, Hall County, Nebraska
<br />TO IIAVE 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 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 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 Mortgagors 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 a failure to 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 w•ho'.e sum of money herein secured to become due and collectible at c..ce at the option of
<br />the Mortgagee.
<br />TRANSFER OF THE 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 to this Mortgage, (b) the creation of a purchase
<br />money security interest for household appliances, (r' • transfer by devise, descent or by operation of law
<br />upon the death of a joint tenant or (d) the grant of any leasehold interest of three years or less not con-
<br />taining an option to purchase, Mortgagee may, at Mortgagee's option, declare all the sums secured by this
<br />Mortgage to be immediately due and payable.
<br />If Mortgagee exercises such option to accelerate, Mortgagee shall mail Mortgagor notice of
<br />acceleration and such notice shall provide a period of not less than 30 days from the date the notice is
<br />mailed within which Mortgagor may pay the sums declared due. If Mortgagor fails to pay such sums prior
<br />to the expiration of such period, Mortgagee may, without further notice or demand on Mortgagor, invoke
<br />the power of sale and any other remedies permitted by applicable law.
<br />Signed this. 11ti .-- -day of... -- ------- °.ikxth .............. 19..$x._. -.
<br />STATE OF NEBRASKA
<br />} es.
<br />_...........,Mau- _ ..... ---County, 1
<br />On thu+ ....... l h_.... day of ..._....__� C.17..__..., 29$5.. before me, the undersigned, a Notary Public, in and for
<br />Johnnie W. Bruns and Nancy A. Bruns, husband and wife and
<br />maid County, perw.,ally C :mie ......_ .?k :)>?:._l"(,_.. 4: IlS.. sl7Kf.. Ad717. ..[K....a3XL1SiS......17.11..>) ..s"UICI...ld3; 6 ..........................
<br />personally known to me to be the identr_sl persons whose names are allixed to the above and foregoing instrument, as
<br />- mortgagnre, and each acknowledged said instrument to be i> or her tzaluntary act arid deed.
<br />tiWifnehe -rcy hand and notarial seat
<br />the date t.nat obovg writ
<br />ls eo Via'' 1 ts� t j 4
<br />q t. , 6rt w u!1
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