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<br />UNCOLN
<br />
<br />SHORT
<br />PROPERTY IMPROVEMENT
<br />FORM No. 21 t fREV. 12180)
<br />
<br />FORM 84......""" 002979 58645
<br />Loan Number - 1 - 60
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<br />
<br />REAL
<br />
<br />ESTATE
<br />
<br />MORTGAGE
<br />
<br />KNOW ALL MEN BY THESE PRESENTS
<br />
<br />iliA T.,.___...... ...,...,..William,H...Pe~,arn,Diane.L_,.pe.teI:sen."husband..an:t,w.ife--...._......_.,.....
<br />
<br />hereinalt.er c.aUed Mortgagors, in consid.eration of the sum of....
<br />
<br />_.~9~__~~~~. ~.:t.y~_.it~~~_.f.~"v"e._.an-g.._.5.0l1Qfr::=-=-~~-_-~_-:::-_~:-:~~~:,:~.7~===:::::===-
<br />
<br />($ 4,505.50 ) 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, nntoFmST
<br />FEDERI\.L SAVINGS AND LOAN ASSOCIATION OF LINCOL.1\f, 1'.'EBRASK>\, hereinafter called
<br />
<br />Mortgagee, its successors and assigns, the lollowing described real estate, situated in.....Hal1.................____
<br />C'..ounty, Stnte of l\'EBRASKA, tD-Mt:
<br />
<br />Lot 5 in Cottage Place, Grand Island, Hall County, Nebraska
<br />
<br />TO HAVE AND TO HOLD ihe ,eal '.St.1t" "bove de,cribed, ,,'it.h aU appurtenances thereunto
<br />belonging unto the said .iv1ortgagee~ {caev,":, I_,r~lvided always) a~Jd. t~js rnodgage is, upon the express- con...
<br />ditiun that if the aloresmd 1\'1ortgagors, then H~irs. f'xC<..Lutors, :HlmlJllstrators or 2ss1gns shall payor caUse
<br />to he paid t.o the said ?\fortg,'itgee. iis :-;U('C('ssurs or ;!ssigns, the principal sum hereinabove set forth" all
<br />~lcconling to the tenor Iil1d ("fleet of a rert.AID in~t.ailw~nt note of ~_aid 1\--1ortgagors hearing even date wi)h
<br />this IllOrtgag-e. and sn.1_U pay t.a~l"S ;Hltl ,C':,~,l-'~s.rnents levH:ii .L:pon ~aJd leal e.5~te~ .and (111 other taxes, JeVles
<br />and ass~sn1ents levied upon tf-US nortg~-\ge or tile note whu-h Hus mortg~ge lS g1Ven to seCUIe~ before the
<br />satne or any inst.allment tht.rt--of L{~'(trnes d{'Ii.'1-quent~ then this .ITlortgage W he void, oLl:1envise to remain
<br />in lull force.
<br />
<br />IT IS FURTHER AGHEED (J) That if the &'lid Mortgagor shall fail to pay such taxes. the
<br />\1{trtg;Jtg.-..e rna.y pay the ~am-e and the. ~Uln ~ ad\'€iHCe-d \\-'ith inten~st s-hall be paid by said -Mortgagors,
<br />;;no this morts:"ge shall >tam] as ",,'unly fw lhe ''<me, (2) That Mor!gagors co'''nant with the. Mor!gagee
<br />that the\' ~lJe lawfully ~:eiled of saJd rre-al e"lUil.t~ '-'lid _fU\d:':U4nt to ""a.rrant. and defend the said real p-,.s-late
<br />;.Igainst, the l.aw!. al dairlls (J!. an pc-fs-nns ,,,'ht~ln:"Ol"Vf~r. _ ~ ~1) Tna~ ~n Clise of a for.~c..]osure of thi.s l"oortgage,_
<br />the plamhH III :<--nch pf-o_(i>,"~_m.ngs ~halllle t'H{Jth:_.d t.l;"') lahC pO,':>-.Sf~1>-_~JUn ()f tlw pre-Ul1:<ie1i-, protect the same and
<br />coUi-ct- the rents. jSHH~S and profits 1ht~!T'oL (4) Thal a failure to pay any (')1 said ll.lOney or any install",
<br />m-enl thE'n~f wben the ~,dmt} ilt.,>'(:orn~--S due. o-r a t-iHllre hJ- ("oInply wit.h finy of the foregoing agreements,
<br />shan c"use tile wbole sum of mon~y hewin ,",cun,d !o oc"ome due and collectible at once at Ute option of
<br />the Mortgagee.
<br />
<br />TRANSFEH OF THE PHOJ'EliTY; ASSUMPTJON, If all or any part of the Property or an
<br />int,.erest therein is ~-Ojd or tJanSfeH-ed by ~-for1gagor witlwut. Iv1nrtI;agee's prior \\'ritt.en cOl1sentt (.xduding
<br />(a) the. creation oi 8 iien or en(,'"wnhnHu,;:t~ .suhoulinat.e- i-.o t.his }'\-1i)rtgage~ (b) the cH:.ation of a purchase-
<br />money oc-curity int"rest for hous"llold applianceo;, (c) a tn""ler b)' (l.,,,i,,,, de&:e.nt or by operation of law
<br />upon the death or a joint tenant or (d) the g"",t 01 any leasehold inlerest of t1nc'€ years or I,sa not con.
<br />!..ining an option to p\l,,:hase, Mortgagee may, at 1\1or!I:"g""'s uption, declare all t.he S\lms secured by tlu.
<br />Mort.gAge to be jmJD~diately due and pa.l'able.
<br />
<br />lfMortgAIl'"' "~e,,:isc'S sucb option !n ;Hcdcr,,!..., Morl-gag,,,, shail mail Mort:gagor notice or
<br />acceleration and such notice shall provide a period of not k~s ill"n 30 days from the dat<l !be nolic" is
<br />mailed ",~lhin whidl Mortgagor may pay the sums decla,ed due. II Mortgagor fails in pay such sums prior
<br />to the: expiration of such pe<riod. J\1origagt.."'C may. \~/jthout. further notice or dernand on 1\,f()rt~gOff invoke
<br />the power of sale ,,,,d allY other nl.lltdies penultted by "pplicable ],.w.
<br />
<br />Signed t..~.is"
<br />
<br />4th
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<br />day of
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<br />
<br />STA1'E OF NEBRASKA
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