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<br />SHORT FORM
<br />PROPERTY. IMPROVEMENT
<br />Ff>..... No: ZII IRtv. I z/eol
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<br />Loan Number 53957 - 1 - 69
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<br />REAL ESTATE
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<br />83-- 004015
<br />MORTGAGE
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<br />KNOW ALL MEN BY THESE PRESENTS
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<br />< Ji::Il1tl'I'.IaWSandH. Kay Laws, HusbaIrl and Wife
<br />THAT;."'-.c.._..;...c....".".....,...,..-............,.........................,-..........-....-..,.,.,..
<br />
<br />hefein~ talledMorlg8g0l'S, inconsideration of the sum of.....................,.............., .................'.....h..... .......
<br />_....."...........".,....~~..~..~..~..~,.~QL~Q~~~~~~1t~**.:*:*.~.*.*,*.*.*.1t1t*.... ....h..h........,h.....,......
<br />
<br />($12,IJ31.50 ) DOLLARS, the receipt of which is hereby admO'ldedged, do hereby MORTGAGE
<br />.~CONVEY anabsoluUl title, including all the rights of homestead and inheritance, unto FIRST
<br />YEt)El'tA1. SAVINGS AND LOAN ASSOCIATION OF LINCOLN, h~BRASKA, hereinafter c.alled
<br />
<br />Mortgagee, it!> successors and assilJrl5, the following described real esUite, situated in.....~1.'hU'h""'"h'''
<br />Colnrt!, State of NEBRASKA, to.wit:
<br />
<br />
<br />Lot. Eight (8) in Western Heights Seconi sutrlivision
<br />to Hall COOnty, Nebraska
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<br />TO HAVE AND TO HOLD the real estAte above described, \\ith all 'lppurtemmces thuf'unto
<br />belonging unto the.. . said.' Mortgagee. forever, provided al\\'ays, and this mortgage is upon the ""press con.
<br />dition that if the aforesaid Mortga~OTS, their heinl, executors, administrators or ::ssigns shall pa)' or cause
<br />to be paid to the said Mortgagee, Its S.UcaS~I~ or assigns, the prin.cipal sum herrinabove ret forth, .all
<br />a<<Ofdinll to the Ulno1' and elJect of II certain mstallment note of sllId Mortgagors heanng ",,'en da~ ,,~th
<br />this mortgage, and shlUI pay WllS aDd assessments levied upon said Teal estate, and all other taxes, ];,\'i(."5
<br />and a~ts Je\-~upon this mortgage or tile note. which this mortgage .is given t.o secure, helore i he
<br />&lllne or any .instaJ!me,nt thueof bllcomes delinquent, then this mortgage to be void, othen\~se to remain
<br />in fulHorce..
<br />
<br />IT IS FURTHER AGREED (1) That if the said Mortgagor shall fail to pay such t.all~, ihe
<br />Mor~al!~ may pay the same and the sum :;0 advanced ",.ith illt~Test shall he paid by said Mortgagors,
<br />and this mortr"#t' shall stAnd as ~urity for the !>an't!;. (2) ThaI Mortz;agws t:O\'enant IV)th the Mort!;.age-e
<br />that the\' are lawfully seized of said ",al esLet~ and ('ove'UUlt ill ''''lIrant and defend the said real esl.ate
<br />al:cllinsJ the lar,'ml claims of all persons wnOlTlloOtwer. (3) That in ene of a lored<:lsure of this mortgage,
<br />too plainll6 in sUI;h }>FOC"",l.ings shall ~ f'lltit1..d In IJl~,e l>01>seSSion of t.he premi!.e'S, prol~ct the same hnd
<br />coiled. the renls, issues and profiu. thereof. (4) That a ailure to pay any of Raid mone)' or any install.
<br />ment thereof ",hen the """me be<;umes due, or II failure to comply with any uf the foregoing agreements,
<br />shalt cause Ih" whole SWIl of money heuin ~ured 10 become due a.nd collectible at once at Ihe option of
<br />the Mw-tgagto<l.
<br />
<br />TRANSFER OF THE PROPERTY; ASSUMPTJON. If all or all)' part of t.he Proj)(;rty or an
<br />int....rw thenlin is !<Old Or transferroo by Mortgagor without MtlrtEat~"e's p60r \\ritt~'n ron.-ent, elcluding
<br />(II) the CfellUOll of a lillD or ",ncumbTli.nce subordinate t.o this Mortf.llge, (b) the, ,,'ati()n of II purchase
<br />money. fieI.'UJitv int",r~~ for hollSehold appliant'es, (c) II tramfer Lv.de\';se, d"sumt or by ope.ation of law
<br />u~the death ofa)(Wlt l.(I:nant or Cd) the grant of any 11'1l..'ehold wh.res!. 01 three ~ "ars or less not eon-
<br />"'in~& lUlOpUOIl to purchase, .Martiaget; I.l.UIy, at Mortgagee's option, dedare all the sums seewed by this
<br />~wtcll" to be in:lmediaWy dIN: and ;Jli)'.abJe.
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<br />IfMQrl-llacee exercises sUl;h option tQ accelera!.e, J\lor1tal)tle shaU m<lil Mortgagor notice of
<br />~IIUUonlll)c! ~ nutice shall. provide a "",iod of not 1f'U than 30 days from the date t.he notice is
<br />~ ~~!l."bkh MOft&aepz mil,)' pa,)' the "um~ ~ecl<ued due. If M<;>rlgagor fails k, pay ~uch surl.l_~ prior
<br />'kl~ upuatiqpof' s~ pllIlod. !-loriS.Il.j;bl' ma)'. 'nthoul further notJce or demand on Mortgagor, invoke
<br />~. JlOcwer oI sal. and &.It)' other remedies ptnnitwd by applicable law.
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