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''~ 82~~(.12~H~
<br />SHORT ~bRM
<br />`~ PROPERTY IMFRbVElNENT Loan Nomber__?±~`~2b____ e,. ~ti ~~
<br />E•'ORM No. 24 7 <Rev. 12f8W ~
<br />RE~4L ESTATE ' lytQRTGI~GE
<br />KNOW"AI.L MEN BY THESE PRESENTS
<br />THAT _K~nne ~ L » ~chw~,e~sr_ai___ Janke F ~chwl.e~er ~u~bancl and wile 3antl r ax`d e9c'r_
<br />~n ~~'ielr ocrn r~gi,t
<br />_. _
<br />hereinafter called bortgagors, ~n eona4deration of the sum ot~_~?~ '~Q~A~ ~`T'~ ~~'~r~I i _ I"I'Y ~ ~;,
<br />($ w C .'-0 ) DOLLARS, the receipt of which fs hereby 'aclo4owedged, do hereby MORTGAGE
<br />and CON\"EY an absolute title, itrcln3ing-aL' the rights of hi7mestead and 'inloeritance, unto FIRST
<br />FEDF,RAL SAL`INGS AND LOAN AS$OCIATI~N OF LIPICOLN, NEBRASKA, he>einafter called
<br />'Mortgagee, its successors snd assigns, the following described real estate, sittrated in F-~1?
<br />County, State of Iv'EBRISKA, to-wits.
<br />Loy i u'ocf l~. ,~r ;~ch~aer's hdd%tibn to °r,F. City of
<br />~ranC Ss2a_~, "_~.~ ;'at.nuy', Flebraska.
<br />TO fLaVE A'v'D TO HOLD the real estate~~bove described. with all appurtenances thereunto
<br />belonging unto the said Mortgagee, forever, provided a3way-s, and this mortgage is upon tlxe`express con-
<br />dition that if the sforegaid Mortgagors, their heirs, ea+ecutorss administrators or <1s9i~r4s shall pay or cause
<br />to be paid to the said .liortgagee, its sucrf'ssors or assigns, the princ~pFd sum hereznabove set forth, all
<br />n.:cording t~ the tenoc and effect o[-a certain insteitment note of said ~4ortgagors bearing even .date with
<br />this mortgage, and shall pay taxes and aa~ssmenta levied a .n said real estate, and aI[ other. taxes, levies
<br />snd ass~~aments levied upon this. mortgage or the note which this mortgage is given to s-eCUte, before the
<br />same ar any irvgtaliznent then~nf becomes delinquent, then this mortgage to be void, other~sise to remain
<br />in full force.
<br />IT 1S FL:`RTHER AGREED (1.) That if the said Mortgagor shall fail to pay such taxes, the
<br />Mortgagee may pay the same and the sum au advanced wiG, interest shall be paid by said Mortgagors,
<br />ar4d this mortgage shall stand as security for the same. (2} .'hat Mortgagors covenant with the 3lortgagee
<br />that Choy ate lawfirlly seized of said real cwtate and covenant to warrant and defend the said real estate
<br />against the lawtul claims of all .persona whomsoever. (3) Tha± in case of a foreclosure of this mortgage,
<br />the plaintiff in such pnxeeding3 shall be entitled to take posession of the prenuses. protect the so.+me snd
<br />collect the rents, issues and profits thereof. ft) That a failure to pay anc of saki money or any insrnll-
<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 tfortgagee.
<br />TRANSFER OF THE PROPERTY'; ASSL'lVfPT'IO~\. if all or any part of the Property or an
<br />interest therein is sold ar transferred by ?Mortgagor without Mortgagee's prior written consent, excluding
<br />(a) the creation of a Lien or encumbrance snborc&nate iq thic Mortgage, ib) the creation of a purchase
<br />rr,oney secuuity interest for household spplinncea, (c} a transfer by devise, rJesc ant. or by operation of law
<br />uFx:n the death of a yoint tenant or ('d} the grant of any leasehold interext.of three scars or less not con-
<br />taining an option to purchase, Mortgagee may, at Mortgagee's option, dtv~lare all the .suaL9 secured by this
<br />JQortgego to be immedistely due and payable. »
<br />If hfortgagee ezercises -uch option to accelerate, Mortgagee ~haL' mail Sfortgagor n{nice of
<br />a..^celera8on and such notice shat provide a period of not lea than :SO days from the date the ..^.otire is
<br />nwiled within which Mortgagor may pay the sums dectarfd due. If Mortgagor fails to pay such Burns prior
<br />w the ezpirataon of wch period, Mortgagee may, wizhout further notice or demand cn Mortgagor, invoi:e
<br />the power of wle and any other remedies permitted by applicable law.
<br />SignE~tl thin...:'+r__._day of__. d~;i~ _ - ~:-~
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