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<br />SHORT FORM
<br />PROPERTY IMPROVEMENT
<br />FORM No. 211 (R~v. 12(801
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<br />83:~400~3620 - 1 - 60
<br />l n N mber_________________________.
<br />.r...c.. "typo.
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<br />REAL ESTATE
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<br />MORTGAGE
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<br />KNOW ALL MEN BY THESE PRESENTS
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<br />THAT..._._~~.'"~:.,,~!...~!:,:...~"~_~..~~.!...~~.~..~.!.~...,......._.........................,.........
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<br />hereinafter called Mortgagonl, in consideration of the sum of .....'....'_............__.......__.................................___......
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<br />~.,~.,1bJ;:ee..and..2s./IOD::-.=......~.......,_.........,....~........................,...,..............,............._.;,............
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<br />($1l.LQ03.25 ) DOLLARS, the receipt of which is hereby acknowledged, do he,reby MORTGA, vE
<br />~d LuNVEY an absolute title, including all the rights of homestead, and inheritance, unto FIRST
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, NEBRASKA, hereinaftercalIed
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<br />Mortpgee, its $llCCe5S()1'S and assigns, the following described real esta~ situatedin...~................_.....
<br />County, State of NEBRASKA, to.wit: Part of let Fifteen (15) or the COunty Subdivisi.onof
<br />the SOUth Half of the Sout:.heast Qua.rt.er (S~) of section Sixteen (16) am part of the
<br />Northeast: Quarter of the N:>rt.heast Quarter (NEIaNE'i) of Section 'l'went:'V-One (21) both in
<br />'lOwnship Eleven (11) North, Range Nine (9), West of the 6th P.M., Hall County, Nebraska
<br />described as follows: c.amenci.rq at a point on the South line of the alleyairectly
<br />q;p:ISit.e the Southeast. corner of let'Itiree (3), Block Three (3), Wiebe's 1\dd.i.tion to the
<br />Ci;y of Grand Island, Nebraska: running thenoe ~terly alotq the SOuth line of said
<br />alley, 132 feet to the Easterly line of Clark Street: thence Southerly along the Easterly
<br />line of Clark Street, 132 feet to the l'brtherly line of John Street; thence Easterly along
<br />the Northerly line of John Street 132 feet; thence Northerly parallel with the Easterly
<br />line of Clark Street, 132 feet to the place of beginning.
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<br />TO HAVE AND TO HOLD the rlla! Ilstate aboYl! described, with all appurtenances thereunto
<br />Iwlonging unto the said Mort.gagee, forever, provided always, and this mortgage is upon the exprllSll con.
<br />dition that if the aforesaid Mortga~rs, their heirs. executors, administrators or 8llSiF shall payor cause
<br />to be paid 1.0 the Baid Mortg..l(t'e, Its SUCCe5S()1'S or amgns, the rrincipal sumheremlloove set forth, all
<br />according to the tenor and effect of II certain instaltOleut nute" said ?o.!ortgagors b()anng even date with
<br />!hill mortgage, lInd shall tny ~es and a.'IS~S1Mnl./l levied .upon ~,id real e;sbde, .and all other taxes, levies
<br />and _nts levlI.ld upon this roortCllp or the note whlch this mortgage III glVen to secure, before the
<br />same or lI.IlY installmllnt therwf be<.'I>nll'S delinquent, then this mortgage to be void, otherwise to remain
<br />in full force.
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<br />IT IS FUR"rH.f:R AGHEl<;C) (1) That if the Mid Mortgagor shall fail to pay such taxes, the
<br />Mort,agee may pay the urne llnd the sum 00 advllm'e<'l with interest shall be paid by said Mortgagors,
<br />and th.lll mortgage shall stand IU .>re<;urity [or the !llllU<<!. (2) That Mortgallol1ll-ove. nant with the Mortgagee
<br />that thtry lUe lawfully MIlled of said real estate Il1ld covenant to warraot and defend the said real estate
<br />a,eoUMt the I",wful dainul Qf all pel'llUnll whom!SOe"e{". (3) That in case of II foredc:.mure of this mortgage
<br />the plaintif! in such proc_linlls shall beentiU"d to take 1'0_$;1;0.11 of the promises, protect the same and
<br />culIe<.;t the rMts, i5&ues and pronts th'nrof. (4) That 11 failure to pllY any of l\Ilid money or any install.
<br />ment thereof whell tll" >lllrm bocOIll"lI due, or a fllihntl to t'omply with any of the foregoing agreeml!nts.
<br />shall CliU"" ~ whole sum of money herein _:lIre.! to oe<:tHlle due and ('olledible at one" at the option of
<br />the Mortgag....
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<br />'I'RANSl"!-:H OF' 'HI!-; PHOI'f:RTY; ASSUMPTION. If all Of any part of the Property or an
<br />int..r~t !bent.n is !!Old or tNlllderr...J by Mortgagor without Mortgagee's poor written nmsent, exduding
<br />(ll) the ertl3ti.:>n of a tiell or encumbrance s1Joordinate to this Mortgage, (b) the en;ation of a purchase
<br />/l1On"y ~urity inter""t, for how;ehold app!jllnC"'l, (e) Ii transfer by devUlt." d"liCent or by operation of law
<br />upon tN death of II joint tenant or (d) Ute grant of any leMehold .ntert'St of three years or 1t!$S not con.
<br />tamini an Qption 1.0 purch~. Mortgagetl may. at 1.for41agoo's option, dt'Clare all thllstunS secur(C.,j hy this
<br />MortplI;ll to he inlnlttdialely du.. and payable.
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<br />If Mortcllll;a.l e1erci!lei such option to aa:elerate, Mortgagee shall mail Mortgagor notice of
<br />a(f.'t'k\ratiOll and ~h noti~ shall pr"viae a period of not less than 30 days from the date the Il(,tke is
<br />l'Moiled within. ,whkh M<trtg.gw may tny the sums d~lared due. If Mortgagor fails to pay such sums prior
<br />to lh. l!1pintion of s\l<;h period, Mortgagee may, without furthttr notiee or demand on Mortgagor, invoke
<br />lh. POWl!\" ofu}e a.nd any other remedies permitted by applicable law.
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<br />Sitned ~??~day of.
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<br />Julv 19 83
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<br />OIl ..... "..".,~l:iI.l.... MY 01 .....J.~,.....,....., , 19.!lJ. bel"'........ Ib.. und"l'1Ii(ned, . Notary Public, in lllld tOt
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