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<br />82- f~U~4815 ~~.
<br />SHQRT FORM -__- - ---
<br />Loan Number- _ 51004; 1 6~
<br />PROPERTY IMPROVEMENT 'e.S~e'n ine
<br />EQ~N FORM Nu. 21 i rRev: t2t80r
<br />fi.~l~. ~.EAL- EST.t~.TE MaRTGA~E -...~ -.~
<br />Ir'IJOW ALL 1lIEN $Y 'I'T~SE PRESEA' I'S
<br />THAT.._.xenry_Schnell_ and Cheri -L,_ Schnell=husband and, wifex,-jointly_,and each..in their
<br />°- • ---•---°--- own right,
<br />tiereinaffer called ?Mortgagors, in consideratior, of the sum o#.~:eyen,Thousand Seven Hundred. Seventy
<br />and OS/100----------------------------°--------------------^---------°--=--------
<br />($ ll,770.08 }DOLLARS, the receipt of which is hereby acknowledged,: do hereby ATORTGAGFs"
<br />and CONVEY an absolute title, including all- the rights of homestead arid urlreritaztee, unto-FIRST-
<br />FEDERAL SAVINGS AtiD LOAN ASSOCIATION OF LINCOLN, I~,EBRASISA, hereinafter called.
<br />Rfortgagee; its successors and assigns, the following described real estate, situated in._...Hall --
<br />County, State of 1QEBRASIiA, to-wtt:
<br />Lot .leven (ll) Freedo,_n Rcres Subdivision. i1a11 County,
<br />fdebraska .
<br />TO HAVE AND TO HOLD the real estate above described, nth all agpurtenanees thereunto
<br />belonging unto the said Mortgagee, forever, provided always, and this mortgage is upon the express con-
<br />dition that if the aforesaid blurtgagors, their heirs, executors. administrators or assigns shall pay or cause
<br />to lie paid to the said ASortgagee, its successars or .signs, the principal sum hereinabove set forth, all "-'
<br />according to the tenor and effect of a certain installment. note of said Mortgagors bearing eren date with
<br />this mortgage, and shall pay taxes and assessments levied upon said real estate, and all other. taxes, ]eties
<br />-and .:s_sesements lec~ied upon Phis 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.
<br />1T IS i'URTHER AGREED (1) That if the said Mortgagor shall fail to pay-such taxes, the
<br />Mrrfgagee may pa}- the sane and tl:<. sum so advanced with int-erect shall be paid by said A4ortgagors,
<br />-and this mortgage ss:all sta7d as security for the same. (2} Thaf Alurtgagurs covenant icitlt the A4origagee
<br />that they are ]awfully seized of said r:•~1 estate and covenant to warrant and defend the said real estate
<br />against. the la+vftil claims of all person's whomsoever. {3} That in case of a lorec~]osure of this mortgage,
<br />the plaintitZ' in such prcxc-E±lings shalt be f~ntitled to lake possession of the laremises, protect the same and
<br />collect, the rents, issues and proms t':iercvf- {~) That a f<•rilure to pay any of said money- of any install-
<br />ment there~rf when the same becomes due, or a failure fo comply n~ith any of the foregoing agreements,
<br />shall cause the ++•hoIe sum of -money herein soured to become due and collectible at once at the option of
<br />the RSortgagee.
<br />TRANSFER OF THE PROPERTI ; ASSI.'.'+11'TlOlv,. If alt or any part of the Froperty or an
<br />intere+t therein is sold ur transft.-red by '`4ortgagor ++iihuut '\torigagee's prior written con-ent, excluding
<br />(a) Lhe creation of a lien or encumbrance subordinate to ibis llurtgage, (b} the creation of a purchase
<br />money security intt-:rest for hou_cehold appb;,nces, (c) a transfer by devise, descent er by operation of law
<br />upon the death of a joint tknant or (d) the grant of any leasehold intercxt. of three years or lc~s not con-
<br />- taming an option to purchase, Aforigagc~ may, at. \lorigagee's option, dec]are all the sums secured by Phis
<br />ti4ortgage to he immediately due and parable.
<br />If Mortgagee exeni:es such option to aeceierate, Mort<=agee -hall mail 'tlortgagor-notice of
<br />acceleration and such notice shall provide a period of nof, less than 30 days from the date the notice is
<br />mailed within ++•hieh ~#ort.gagor may pay the sums declared due- If Mortgagor fails to pay such sums prior
<br />to the expiration of such perarxl, ]biorigagc~ may, +vithout further notice or demand on b4ortgagor, invoke
<br />the power of sale and sny at.her rerrredies prrenitted by applicable law.
<br />Signed -this, ~r~?...,_day of . tdcvember _ ...... .___ ~ _ , d?._.,.
<br />r .9...
<br />~ ~,~
<br />`~ yu`. ~ :~t....-
<br />1}Y~ ~He y ac~ine ~ ~.~.. .._ __...
<br />i,eri L. Schne,~l
<br />STATE: fJF AEf3E2135KA
<br />. .. ...~11.._.....__,._.~Coantq, as.
<br />(Dti Phis ...... }`.Xl~._..... day of .. =,+J`_,Y~a1be.S ______., 19=~~.. bef~.re rne, t},e urrd+,r-igncd, a :vMary f it},lic, iu r:.~d fat
<br />std flaunty, tKrr~:,~iy ~scre ~errry_ ,=c-`nnell end C*rer ~. rhnell n,a ,,yz+r .3-_ri wi`'e
<br />- t~t,art-w.Yy lx;vwn tc ae ?a !xv ti.r ulen~,i~.11-f%4 r~':s +.l-ire s.a;. r_3 .ire „~:ta rl tr t?. ,s,~..ic ;. ,. ,. .rr;~:,~-sit, as
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