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<br />REAL ESTATE MORTGAGE
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<br />83- u01122
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<br />SHORT FORM
<br />PROPERTY IMPROVEMENT
<br />FORM No, 211 (REV. t21801
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<br />Loan Number .~nJ,~.....=__L__:-___60.
<br />B,..ncft T'Y:'
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<br />KNOW ALL MEN BY THESE PRESENTS
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<br />THAT ~lYID. J.:m$.~!;,.~g,.p'~!,:g.SY1,A,..,!?,~!.,..b~!?!!Q9,.~9,,~€?....j.9.mt;J'y'_eJ}!:l_.~fh,.~
<br />......'.... ' , .., , their own right,
<br />hereinafter called Mortgagors, in consideration of the sum oLlHREE..JHOI.lSAND..ThlENIY.,.NINE.AND..mLlOO
<br />
<br />($ 3029.00 ) DOLLARS, the receipt of which is hereby acknowledged, do hereby MORTGAGE
<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 />
<br />Mortgagee, its successors and assigns, the following described real estate, situated in.......UaU.......,.............
<br />County, State of NEBRASKA, to-wit:
<br />
<br />Lot 8 in Block 5 in Country elm Subdivision being a part of the East 1; of the
<br />AA of Section 28 in Township 11 l'brth Range 9 Hest of the 6th P ,N., Hall County
<br />Nebraska .
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<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 payor cause
<br />to be paid to the said Mortgagee, its successol'1l or assigns. t he principal sum hereinabove set forth, all
<br />according to the tenor and effect of -a certain installment note of !laid :\fortgagors bearing even date with
<br />this mortgage, and shall pay taxes and assessments levied upon said real L>state, and all other taxes, levies
<br />and lISSE6!lrIlents 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 Ihis mortgage to be void, otherwise to remain
<br />in full force.
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<br />IT IS FURTHER AGREED (1) That if the said Mortgagor shall fail to pay such taxes, the
<br />~fortgagee 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 :!\Iongagors covenant with the Mortgagee
<br />that thev are lawfullv seized of said real estste and covenant to warrant and defend the said real estate
<br />against the lawful clAims of all pe!'l1011S whomsoe\'er. (3) That in case of a foreclosure of this mortgage.
<br />the plaintitI in such proceedings shall be entitled to take possession of the premises. protect the same and
<br />collect the rents. issues and profits thereof. (-I) 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 hEorein secured to bet'Otne due and ('Ollectible at once at the option of
<br />the Mortgagee.
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<br />TRANSFER Ot' THE PROPERTY; ASSU~IPTION, If all or any part of the Property or an
<br />intereat therein is sold or transferrnd by Mortgagor without :\lortgagee's prior written consent, excluding
<br />(a) the ('realion of a lien or encumhranct' subordinate to thi>t :\fortgage. \b) the creation of a purchase
<br />money ~rity interest for bousehold appliances, (t~ I II transfer hv de\-'ise. descent or by operation of law
<br />upon the death of a joint tenant or \dl the grant of an~' leasehold interest of three years or 1_ not con.
<br />taining an option to purchase. MortpCt1le may. at .Mortga,ge.e's option, declare all the'sums secured by this
<br />Mortgage to be immediately due and pllyab~_
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<br />If Mortgagt1le esercisee such option to acrelerate, Mortgagee shall mail ~fortgagor notice of
<br />acceleration and such notice shall pro,,'ide a period of not less than 30 dayS from the date the notice i>t
<br />mailed wi~ .'which Mortgll&,or ma.,,' pay the sums ~ due. If M,?rtgagilr fails to pay such sums prior
<br />to the expuauon of such period. Mortgagee may. wtthout further notice or demand on Mortgagor, invoke
<br />the power of sale and any other :remedies permitted by applicable law.
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<br />Sicned thia L, .., day of.
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