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SHORT FORM `'7394 '- 1 - 69
<br />~~~~~ PROPERTY IMPROVEMENT Loan Number_____ ________~,~~r~_ .rte
<br />r' ~~E~ r~L ~1 Fonm No. 211 IRcv. 121801
<br />t~ta.aJ-¢Jw 84 - 0~19'~2
<br />REAL ESTATE MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS
<br />THAT-----------James_M.._and_Je,~il--h..-- JepSQn.--.husband.and-yrife-----------------------__.--..--.._-----_.-~..-.._.__.
<br />hereinafter called Mortgagors, in consideration of the sum of----------------...--_•--••------_---..-----°---...•.__.--------.!
<br />Seventeen--Thousand-Four_Htuxired.-s'1~?--??~/,1.00=--------------------- ------------•-•---•.-•--•---•_---....--.:.-.--__:-__::__.:
<br />(y 17,400.00 )DOLLARS, the receipt of which is hereby acknowledged, do hereby MORTfirAtrE
<br />and CONVEY an absolute title, including all the rights of homestead and inheritance, unto FFRST
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, NEBRASKA, hereinafter'called
<br />Mortgagee, its successors and assigns, the following described real estate, situated ia--_-Hda.I..._-.---_._-_---._.
<br />County, State of NEBRASKA, to-wit:
<br />Lot Forty (40), Le Heights Fourth Subdivision, in Hall Cotmty, l~ebraska
<br />TO HAVE AND TO HOLD the real estate above described, with all appurtenances thereunto
<br />belonging unto the said Mortgagee, forever, prodded always, and this mortgage is upon the elpress con-
<br />dition that if the aforesaid Mortgagors, their heirs, executors, administrators or assigns 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 Tortgagors bearing even date with
<br />this mortgage, and shall pay taxes and assessments levied upon said real estate, and all other tares; 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 del'mquent, then this mortgage to be void, otherwise to remain
<br />in full force.
<br />IT IS FURTHER AGREED (1) 'T'hat if the said Mortgagor shall fail to pay such tales, the
<br />Mortgagee may pay the same and the sum so advanced with interest shall be paid by said Mortgagora,
<br />and this mortgage shall stand as security for the same- (2) That Mortgagors covenant with the Mortgagee
<br />that they are ]awfully seized of said real estate and covenant to wazrant and defend the said Teal estate
<br />against the lawful cl~.ims 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 Lhe 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 wheri 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; ASSUMP'I lON. If all or any part of the Property or an
<br />interest therein is sold or transferred by Mortgagor without Mortgagee's prior written consent, esc]uding
<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 />taining 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 3vlorlgegee exercises such option to accelerate, Mortgagee 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 e~ihin which Mortgagor may pay the sums declared due. if Mortgagor fails to pay such sums prior
<br />to the expiration of such period, Mortgagee may, l+~thout further notice or demand on 1\4ortgagor, invoke
<br />the power of sale and any other remedies permitted by applicable law,
<br />Signed this..1~..-day of -... - AP.r?:1.._ ._-- - .1984---------
<br />1
<br />l~
<br />_ -- -- - --
<br />~~. °~
<br />STATE OF NEBRASKA ~ ,
<br />...._ day of _.-.-----~fL>~.-_._.-~ 198f1--. before me, the undrrsia ed, a Notary Public +n and for
<br />Oo thu -....1~'!.
<br />said County, personally came _..Je'S b7.±---s~.-J€~II-I'i--+1<f'$.~?l]r_1:117S12s1tY1_-.all~_W34~~---...._ .
<br />pFrsonally known to me to 6e the identical persons whose names are at5sed to the above and !orc•~oint instrument, of
<br />mortgaYors, and earn acl:nowledyed said instrument to be his or her .~elunlary act and deed
<br />witness my hand and ngta riot seal al..__... _~?>;' .~51i~i1f3... N4'1aKdS1Ct1--._-. _..._ -. - _ --. -.. _.._ _. -- .._
<br />the date last ahovc wri tterL -
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<br />- N FubGc
<br />h1y oommisinn espirsl......_. _.. ..,. ~ -,.-
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