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<br />IMCOIN....
<br />REAL ESTATE MORTGp.LGE
<br />
<br />83-00128.2
<br />
<br />SHORT FORM
<br />PROPERTY IMPROVEMENT
<br />FORM No, 211 {REV, 121801
<br />
<br />Loan Number _ __~~1l~n_=__L__:-__f1Q._
<br />IJr.nch Type
<br />
<br />KNOW ALL MEN BY THESE PRESENTS
<br />
<br />THAT.~v.iJl,.l...,Sclmit.,and.,Patticia.A_,.SdBni.t-. hll"h:on(l .and..Illife...j.Qmt]~Land...~ch in their
<br />own right i
<br />hereinafter called Mortgagors, in consideration of the sum oL~..W~.!.\Nt)..W1J.Q9=:~::::::=::=-,;,---
<br />
<br />($ 7 000 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 ASSOCIA nON 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 Block 5 in Country Club Subdivision being a part of the
<br />E),; of the NWlI; of Section 28 in Township 11 North Range 9 Wast of the
<br />6th P.M., Hall Cotnty, Nebraska.
<br />
<br />'lhi.s llXlrtgage is given to correct the dollar arount shown on a nnrt:gage dated
<br />Mu:ch 7, 1983 and recorded as docuIEnt No. 83-001126 of the records of Hall County,
<br />
<br />Nebras~ 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 heiJs" executom, administratom 01' assigns shall payor cause
<br />to be paid to the said Mortgagee, its successors 01' 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 aDd 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 01' 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 stan. d 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 thereol (4) That a failure to pay any of said money 01' any install.
<br />ment thereof when the same becomes due, or a failure to rompIy with any of the foregoing agreements,
<br />shall cause the whole sum of money herein secured to become due and conectible at once at the option of
<br />the Mortgagee.
<br />
<br />TRANSFER OF THE PROPERTY; ASSUMPTION. If an or anr part of the Property or an
<br />intenllit therein is sold or transferred by Mortgagor without Mortgagee's plIor v.ntten consent, e%cluding
<br />(a) the aeatiOII of a lien or encumbrance b-ubordiDate to this Mortgage. (b) the creation of a purchase
<br />money security interest for hollllehold appliueea, (e) a t~er by devise, descent 01' hy operation of law
<br />upon the death of a joint tenant 01' (d) the &nUlt of any leasehold interest of three years or 1_ not con.
<br />taininl an option to purchase, Mortppe may, at Mortgagee's option. declare all the sums secured by this
<br />Mortgap to be immediately due and payable.
<br />
<br />11 Mortgqee exen-ises such option to a~rate. Mortgagee shall mail Mortpgor notice of
<br />acceleration and such notice shall plO\-ide a period of not less than 30 days from the date the notice is
<br />roaiIed within which Mort&ll101' may pay the sums declared due. If Mortgag01' fails to pay such sums pri01'
<br />to the expiJation of such period, Mortga&ee may, without further notice 01' demand on Mortpgor, invoke
<br />the power of sale and any other remedies pennitted by applicable law.
<br />
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<br />
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