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<br />83-004465
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<br />SHORT FORM
<br />PROPERTY IMPROVEMENT
<br />FORM No. 211 /REV. 12/801
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<br />Loan Number __?~~~~____=_L~__:-___gQ.
<br />Elr.nett TY1M'
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<br />REAL
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<br />ESTATE
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<br />MOR TGAGE
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<br />KNOW ALL MEN BY THESE PRESENTS
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<br />THA T,..Emnitt.l1.,.Sims..and.j[.ickL.r.,..Sims.,-...husbimd...and..lo!ife...........................................,..................
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<br />hereinafter called Mortgagors, in consideration of the sum OLn...'..munm..hu'..m..............mu.............m,..u......
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<br />Se'lleIL'lbol.1sancLn:u:eencuxL25jl.OO~".".."",.,,..,,.,,...'..u...n' ,~._~-". "-~". .
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<br />($ 7,003.25 ) 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 FffiST
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, NEBRASKA, hereinafter called
<br />Mortgagee, its successors and assigns, the following described real estate, situated in,un'~'+..m......m.m....
<br />County, State of NEBRASKA, to-wit:
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<br />IDt Seventeen (17), Block Eleven (11), Ashton Place, an
<br />Addition to the City of Grand Island, Hall Cotmty, Nebraska.
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<br />TO HA VB AND TO HOLD the real estate above described, with all appurtenances t..ltereunto
<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 payor cause
<br />to be paid to the said Mortgagee, its successors or assigns, the yrincipal sum hereinabove set forth, all
<br />according to the tenor and effect of a certain installment note 0 said Mortgagors bearing even date with
<br />this mortgage, and shall pay taxes 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 or any. installment thereof becomes delinquent, then this mortgage to be void, otherwise to remain
<br />in full force.
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<br />IT IS FURTHER AGREED (1) That if 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 Mortgagors,
<br />and this mortgage shall stand as security for the same. (2) That Mortgagors covenant with the Mortgagee
<br />that they are 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 any 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.
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<br />TRANSFER OF THE PROPERTY; ASSU;\'IPTION. If all or any part of the Property or an
<br />interest therein is sold or transferred by Mortgagor without ~Iortgagee'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 />UPPn the death of a joint tenant or (d) the grant of any leasehold interest of three years or less 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.
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<br />If Mortgagee exercises such option t~ 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 within 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, without further notice or demand on Mortgagor, invoke
<br />the power of sale and any other remedies penniti;ed by applicable law.
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<br />Signed this..J.~......day oL
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<br />. ..~~t...........m;{u'h...'.....ff~...h.......' ':__lll..... ,
<br />__~hK{fr~~~~\ ......7.J!;:,~~~..._.._.m...
<br />..,..-...... ,I..'-U-~,... _...~M'I.~....................,..u....
<br />Vick. J. Sims 1/
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<br />S"f^'J'E OF NEBRASKA
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<br />......._h..~J.hh....'....._".Cou.nly.
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<br />On tbiac .._..1.~.._.....,.... day of. ......~t.._h"'" 19.83.. befora me, the unde",igned. a Notary Public. in and for
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<br />O!lid eow,ly.per$OnaUy r;a"......~tt;M....,.s.i.ms...and.Nick.L.J._....sims.I'...husband...and..l<lifa..m._....u....,..h._..,
<br />peqaaau, know" to ma. to be the identica.l p<!(lI'(}llll who"" milD"" areal!ixed to the ab?ve and foregoing inltrwnent, WI
<br />mo~. al'4..""b acknowledced Mid indfwn"nt to be hi;! or her volunta.l'y act and d.-I.
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<br />u.., rlatJI ~r:r;,.;:Y_~~:\lnd notadal ""..I ..L...........
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