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stioRT Fot2~`t Lcan Number___56846___- 1 - 69
<br />~~~ri-A~L PROPERTY IMPROVEMENTs.-.•^'~-'-`ire
<br />~IRQ'~ Foew No. 271 iRcv. 121801
<br />,R• REAL ESTATE MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS
<br />THAT-----°-...~1,L_--W°°-ds_and-Gay_le_L.._ti~Toods~..HUSband.and Wife---------------------°°-°-------_._.--------
<br />hereinafter called Mortgagors, in consideration of the sum of..._._....._ ........................................_._._......_.__.-_
<br />One_Thousand-seven _ItuilS3X~7._Fighty-Eight..ar,a.as/wa-.---__-------------------~~-.---------...._...._
<br />(S 1,788.89 )DOLLARS, the receipt of which is hereby acknowledged, do hereby D40RTGAGI3.
<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...-_~11 .,.__-_:_-_;,_
<br />County, State of NEBRASKA, to-wit:
<br />Lot 7.to (2) , Block Eighty-seven (87) , Wheeler and Benrtett's Fourth Addition to
<br />the City of Grarr3 Island, Hall County, Nebraska
<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 pay or cause
<br />to be paid to Lhe 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 fazes and assessments levied upon said teal estate;. and all gther fazes, 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 1S FURTHER AGREED (1) That if the said Mortgagor shall -fail to ay such lases, the
<br />Mortgagee may pay the same and the sum so advanced with interest shaII be paid: ~y -said Mortgagors,
<br />and this mortgage shall stand as security forthe same. (2) That Mortgagors covenanb.wrth the Dortgagee
<br />that they aze 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: ang 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 />TRANSFER OF THE PROPERTY; ASSUMPTION. If all or any part- of he Property or an.
<br />interest therein is sold or transferred by Mortgagor without Mortgagee's prior written-consent; ezcludiilg , :
<br />(a) the creation of a lien or encumbrance subordinate to Lhis Tortgage, (b) the creation-of a.purehase
<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 less not wn-
<br />twining 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, Tortgagee 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 v.~thin which Mortgagor may pay the sums declared due. If Mortgagor fails to pay such sums prior
<br />to the ezpiration 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...-.- 22nd.day of-- - --- -- --- -- February---- -- - --_.._..---- ---• 19.84.-----
<br />y,, dr
<br />------ ~~.--'-J ~---- --- --- - -
<br />STATE OF NEBRASKA ,
<br />---_Ha11 _----County, ~
<br />Chia --.__ 22T1C1~ day of FE~rUarV ..~ ]9 $4. berore me, the undersim ed, a Notary PuDlie, in and for
<br />rso wme _._.Car.l.-L....~IfYYL. ~ e..I,~-IdOOC1S+. ~3 _r"tlYl..~~~._._---------
<br />aid County, Ik t~IlY c aryl aF], hiic nrl
<br />yersonally known to me b be the identical persoru whose names are atfized to the above and toregoine instrument, d
<br />mortiators, and each acl:.nowled~ed said instrument to be his or her voluntary act and deed.
<br />1-~tness mY hs,nd rnd nalartal seat at.--`.-. -r .r„-13 Ld..` _.-,n
<br />the date last atwvc wr-ittea r
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<br />GfNEpK tpiAg'i~lMt N M1MtlYt '` _, i ~ .
<br />hs. tsry ~htic
<br />R1y cosnrai,siron erizirer:.. ,..~t~tt~~iR~.~~' ....
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