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$4 - 1iC~0619
<br />SHORT FORM 56727 '- 1 '--_60.
<br />~./~L Loan Number---------------------
<br />PROPERTY IMPROVEMENT e..... •re•
<br />.!~^~,, FoeM No. 271 IR[v. S21B01
<br />is 6•IREAL ESTATE MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS
<br />Laurence_ P._ an3_Virginia- A._ Sc1?~fe~,-.baLSbdLKi-.aAd.laU.fe....---°..•-----..--
<br />hereinafter called Mortgagors, in consideration of the sum of --------_--.°------------------------------------------------
<br />Seven-Thousand _Seyen.Hundred_T(?.~Y-S_~-end-9Q/:UlD-_--------------
<br />(3 7, 737.90 )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 />Mortgagee, its successors and assigns, the following described real estate, situated in....711.1-..---_....-__-._...
<br />County, State of NEBRASKA, to-wit:
<br />Lot Nine (9), Block Six (6), in Morris Fourth Addition to the City of Grand Island,
<br />Hall County, Nebraska
<br />TO HAVE AND TO HOLD the real estate above described, with all appurtenances thereunto
<br />belonging unto the said A4ortgagee, forever, provided always, and this mortgage is upon the express con-
<br />dition that if the aforesaid Mortgagors, their heirs, executors, administrators or assrgns 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 tales 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 of any installment thereof becomes delinquent, then this mortgage to be void, otherwise to remain
<br />in full force.
<br />IT IS FURTHER AGREED (I) That ii 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 b4ortgagots,
<br />and this mortgage shall stand as security for the same. (2) That Mortgagors covenant wtth the Mortgagee
<br />that they are IawfuLy seized of said real estate and covenant to warrant and defend the said real estate
<br />against the Tawtul claims of all persons whomsoever. (3) That in case of a foreclosure of this mortgage,
<br />the plainti8 in such proceedings shall be entitled io 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 of any install-
<br />ment thereof when the same becomes due, or a failure to comply tivith 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 1ti4ortgagee.
<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 w-ithout 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, (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}ess not con-
<br />ta~mng an option to purchase, Mortgagee may, at Mortgagee's option, declare all the sums secured by this
<br />Ivfortgage to be immediately due and 1'~ayable.
<br />If Mot~gagee exercises such option to accelerate, Mortgagee shall mail Mortgagor notice of
<br />atY:elemtion 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 penod, Mortgagee may, a~thout further notice or demand nn Mortgagor,ntvoke
<br />the, Iwwer of sale and any other remedies permitted by applicable Iaw.
<br />Signed this..- .3>~.--.day of...-...._ ... -
<br />STATE pF NEBRASKA
<br />--- F~?~Lk:~Y-._.. _.... .,_..._.: -......, 19.84.---
<br />. ~, 1
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<br />
<br />V"!/ (/- ! ~~ {I
<br />On this ..-s~.T~t>»_..-_.. day of -..--__-.. rP.f3~"~'. 19.9_ before me, the andersigned, a Notary Public, in and for
<br />said C,arrutY:. persnpally cnu~c .-.-~liK~4S'~'._F.'.e-._Vimi,.,,~n„~.,.ia A_._SC)]d~P.L.r.. 1?1,i.S}Jc?t?d:_~tH~,.w1Ee._.._----.------
<br />~rw~rrrdly knowp Lr me b ba the identical persom whose names arc at5sed W the above and fore; ping instrument, as
<br />iarartsaauta, 8€€tl each .~rknow}cdxed said tnstrument to be his ar bee +•otunWry act and dc.etl
<br />cvitiraa?s mx band aril nr~taria] 8~af .z..... _ Grand Island. Nebraska
<br />sha date last above writtert,
<br />t€3- ~"•'??'trA - }¢xA ex 4'x&11 '`~~~~`~~~~~~~''~~~~~~~F~
<br />` ~ _"
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