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<br />tINCOlN
<br />REAL ESTATE MORTGAGE
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<br />83- 001076
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<br />SHORT FORM
<br />PROPERTY IMPROVEMENT
<br />FORM No, 211 (Rav, 12/801
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<br />51930 - 64 - 1
<br />Loan Number --------------i,-;;e;;-:..---.".;;.;
<br />
<br />KNOW ALL MEN BY THESE PRESENTS
<br />
<br />THAT1~iJ].j~,M:...~.P.?~..~,.~!~,.g,:..~~!__~~~,.~_~7.!.J~~~2:~..~~_.;~,h~eir
<br />hereinafter called Mortgagors, in consideration of the sum of..f:hY.L~~,..~..~l~QQ::.:,:.::::::,:.:::::.:-
<br />
<br />.......__........uu.............n......uu......__.__......_hn.n.......__...._.~..~.._.___...n_..._____n..___.__.............._.._....._....______...___.....__....._...
<br />
<br />($ 5..l.~'OO ). DOLLARS, the receipt of which is hereby acknowledged, do hereby MORTGAGE
<br />and lA.lNVEY 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 />
<br />Mortgagee, its successors and assigns, the following described real estate, situated in.,......,J:!?lL...............
<br />County, State of NEBRASKA, to-wit:
<br />
<br />Lot 31 Ravenwood Subdivision in South Half Southeast
<br />Quarter of Section 13, Township 11 l'brth, Range 9 West
<br />of the 6th P. M., Hall County, Nebraska,
<br />
<br />TO HAVE AND TO HOLD the real estate above described, with all appurtenances thereunto
<br />belonging untc) the said Mortgagee, forever, provided always, and this mortgage is upon the express con-
<br />dition that if the aforesaid Mortgagors, their heirs, elIecutors, administrators or assigns shall payor cause
<br />to be paid to .the said Mortgagee, its successors or assigns, the frincipal sum hereinabove set forth, all
<br />according to the tenor and effect of a .certain installment note 0 said Mortgagors bearing even date with
<br />this mortgage, and shall pay taxes and alllle5llIIl6Ilts 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 />
<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 whole sum of money herein secured to become due and collectible at once at the option of
<br />the Mortgagee.
<br />
<br />TRANSFER OF THE PROPERTY; ASSUMPTION. If all or any part of the Property or an
<br />interest therein is sold or transferred by Mort~or 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 nouaehold appliances, (c) a 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 purcbaae, Mortgagee may, at Mortgagee's option, declare all the SUlDll secured by this
<br />Mortgage to be immediately due and payable.
<br />
<br />If . Mortgagee exercises such option to accelerate, Mortgagee shall mail Mortgagor notice of
<br />aC(e!eration and such notice shall provide a period of not less than 30 days from the date the notice is
<br />mailed wit!ilit.which Mortgagpr may pay the sums ~ due. If M?rtgagor fails to pay such SUlDll prior
<br />to the expaation of such period, Mortgagee may, Without further notice or demand on Mortgagor, invoke
<br />the power of sale and any other remedies pennitted by applicable law.
<br />
<br />Signed thill..,..,1?~,day oL,.."_..,,f~...._..._....m'......'....._,...._....'..m....'... 19__,~J......
<br />
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<br />
<br />'$TATS OF NEBRASKA }
<br />.. 11. ..
<br />_,.._.. H., . c-...
<br />
<br />Oil tlalIo. 25th
<br />
<br />tIQ <11.. F~
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<br />an. beI'_ _ the undeniped. . NolaJy Public, iu and for
<br />
<br />lIlIi4~."""" _ Willian 11 Milburn and M,ql"1~ C M:ll\:>1ln'l, hl...l).Rnd And wifE!
<br />..-- It.- .. _.... 1M ........ ~ ..... __ _ ....... to the above and fo~ iNltnuDent. _
<br />......... .... .... ...~ I i. ~ ..w. t~t .. lie bb or her wvI......,. _ and deed.
<br />
<br />t1w.... ~~..=............w.... ...._~,lsland"--~~'h_h,_,_,..,..__._'_.__h..'.'____
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<br />M~ --". -,.. ..pi..,..,., .. ~.. No'1 _ N......ry P\.bIle.
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