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<br />REAL
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<br />004039
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<br />SPORT I"ORM
<br />PROPERTY IMPROVEMENT
<br />Fo... 1';0. III <Aay. 121!101
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<br />Loan Number ___?~~!~ _h:-:'_~~___:-~~_"'~
<br />.'.rlClil ..,..
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<br />ESTATE
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<br />MORTGAGE
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<br />KNOW ALL MEN BY THESE PRESENTS
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<br />TP_-' T...l'l()I<!1i\N"WIl:LI~1 DREESZEN -IR. lL~.Dh-I~1J~,r:.:}2~EESZEN,. H,us.ban~,:~n,~.,,~~.::.
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<br />hereinafter called Mortgagors, in consideration of the sum of ."J:',o,r.C)i..JhQ.\.\l!;m.(Lr:~)(~"!:I.'!.X:>.~E!'~....,,...........
<br />Fif t y- S Ix and 00 I i oo------~~~~,~~~--~.~~~~~~,~~,~.~.~~===,~,~,=~~~~.~,~~===,~,~,======.~.======......_.._...
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<br />($ 40 556,00 ) OOLLARS, the receipt of which ia hereby acknowledged, do hereby MORTGAGE
<br />and CON\-'EY an absolute title, including aU the righta of homestead and inheritance, unto FIRST
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF UNCOLN, NEBRASKA, hereins.fter called
<br />Mortgag"'1, its 'lllcxessors and assigns, the followi.ng described real estate, situated m......llaU,..........._._.
<br />County, State of !'>o'EBRASKA, to.wit:
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<br />Lot Eight (8), Knickrehm Eighth (8th) Add.ition to the City of Grand Island, Hall County;
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<br />Nebraska.
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<br />TO HAVE ^,'ljD TO HOLD the real estate above described, with aU appurtenanceatheteunto
<br />belonging unto th~. said Mortgagee, forever, provided alwayll, and this mortgage is upon theexpresacon,
<br />dition that if the aforesaid Mortgagon. their heinl, executors, administrators or assigns shall pay or cause
<br />to be paid rc the said Mon!:1lgee, its successors or assigns. the principal sum hereinabove set forth,call
<br />a=>rdin,g to the tenor and etIect of a certain installment note or said Mortgagors bearinglMlDdate.witil"
<br />this mortgage, and shall pay taxes 3Ild assessments levied upon said real estate, and aU othertaxes,lev:iea....
<br />and aasessment.s levied upon this mortgage or the note which this mortgage is given 10 secure,~ote,the
<br />same or any installrnent thereof hecomes delinquent. then this mortgage to be void, otherwise to temain
<br />in full farce.
<br />IT IS Ft'RTHER AGREED (1) That if the said ~lortgagor shall fail to payStlcl1 tax. ea,.the
<br />~lortgagee may pay the same and the sum 80 advanced with interest shall be paid by said Mortpgqr8>
<br />and this mol'tfage shall stand &II security for the same, (2) That Mortgagors covenant with the Mortgagee
<br />that they are .awfully seized of said real estate and covenant to WlU'I'IUlt and defend the. saidnlalestate
<br />against the lawful claims of all pet'!!<}!l!l who~ver, (3) That in C-alle af II fareclollu."$oft.hiamo~,
<br />the plaintiff in such proeeedings shall be entitled to take po9ileS8ion of the premises. protect the same. and
<br />cqllect the rents, issuell and profits thereof, (..) That a failure to pay any of said money or any inst$ll,
<br />ment thereof when the 381Il@ ~mes due. or a failure to romply wiiliany of the fo,,'"'llg<)ing.a~mei:itiii
<br />shall cause the whole sum of money herein se<:ured to become due and collectible at Once at the option of
<br />the Mortgagee,
<br />TRANSFER OF THE PROPERTY; ASSUMPTION. If aU or 8D1 part of the Property~1lJl
<br />intel'1e$t therein is sold or transfened by Mortgagor without Mortgagee'S pnor written COWlf1Qt, excludina
<br />la) the cl't\8.tion of a lien or encumbrance subordinate to this Mortgage, (b) tbe ~tioQ.of.apwcllW
<br />IDOney 9llCUrity int.m!6t for household appliancea, (e) a tl'a.nafer by deville, descent or by operatlOnof law
<br />upon the death of a joint tena.nt or (dl the grant of any leasebold intel'1e$t oL~ y_OI' lellll not.COQoo'
<br />tllinin& an option to pu.rd18.ll6. Mortgagee may, at Mortgagee's option. declare aU the suma aec:ured' by.tbia
<br />MortCllie to be immediately due and peyable.
<br />If Mortgagee aercise6 such option to accelerate, Mortgllgee shall mail Mortgagor notice of
<br />acceleration and sueb noti<:t! sbaU provide a period of not 1_ than 30 days from thl! date the-notic::eia
<br />mailed wit!Un ,wbieh Monp.g,o' may pay the aurns ~ec1ared due. If M?rtgagQr fails to pay suehSWXlliprior
<br />to the expuabon 01 such period, Mortgagee may, '"thout further notice or demand on Mortgagor, inVoke
<br />the pow. of &ale and lInY other remedies permitted by applicable law.
<br />Signed thia..3.0. day QL.,I.\I.l;t,.."..".........." 19..~~....,.
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<br />Lau('.aster ..
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<br />0. IlIia ,........lll._.. dQ 01 ..J.\ll.L........,...... .. 1. ,~(. bolo,"" -. 11M w><kraic-l. . N-.,.~ ill aDd for
<br />L. Dree$2.en~ Husband a.nd Wife
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<br />IN dAv t.~Ji
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<br />"4, ~ <tqlira
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