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gl_t)f--3706
<br />SHORT FORM - -
<br />PROPERTY IMPROVEMENT Loan Number_____4214I____A~ ~___lb~.ya
<br />FORM Plo. 211 tR2v. 12801
<br />~~~~, ~S'~'~r~`~ I~QRri'GA~~
<br />KNOW ALL MEN BY THESE PRESENTS
<br />THAT..8ic3cy...C_..IIauison-.arad--Yicx.i--Ja..llauisca,.--ia>~ Gand..and..s,zifa....3aintlir ..............................
<br />an3 each in their own right
<br />hereinafter called Mortgagors, in consideration of the auto of..l?.iue..thousand..>?ave..Hwzdzed..aad...0.tlflo0
<br />(3 5500.00 )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 FIRST
<br />FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN, NEBRASKA, hereinafter called
<br />Mortgagee, its successors and assigns, the following described real estate, situated in....1ra.1.L .......................
<br />County, State of NEBRASKA, to-wit:
<br />Lot Two (2) in islcck rorty (40) in Kassel iaheeler's
<br />Addition to the City of ~~rand Island, Hall Co•.urty,
<br />i3ebraska .
<br />TO HAVE AND TO HOLD the real estate above described, with all appurtenances thereunto
<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 pay or cause
<br />to be paid to the said Mortgagee, its successors or assigns, the principal sum hereinabove sot forth, all
<br />according to the tenor and effect of a certain installment note of said Mortgagors bearing even date with
<br />this mortgage, and shall pay Lases and assessments levied upon said real estate, and all other taxes, levies
<br />and assessments levied upon this mortgage or the note which this mort„age is given to secure, before "Se
<br />sazne or any instsllme.,c thereof becomes delinquent, then this martgage to be void, otherwise to remain
<br />in full force.
<br />IT IS FURTHER AGREED (1) That if the said Mortgagor shall fail to ay such tales, the
<br />Mortgagee may pay the same and the sum so advanced with interest shaII 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 aIl persons whomsoever. (3) That in case of a foreclosure of this mortgage,
<br />the plaintiff in such proceedings shall be entitled to take pasaessian of the premises, protect the same and
<br />collect the rents, issues and profits thereof. (4) That a failure to gay any of said money or any install-
<br />ment thereof when the same becomes due, or a #aIlure 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.
<br />TRANSFER OF THE PROPERTY; ASSUMPTION. If all or any part of the Property or an
<br />intermit therein is sold or transferred by Mortgagor without Mortgagee's prior written consent, excluding
<br />(a) the creation of a lien or encumbrance subordinate to this ~4artgage, (bj the creation of a purchase
<br />meaey security interest for household appliances, (c) a transfer by devise, descent or by operation of law
<br />upan the death of a joint tenant or (d) the grgnt 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.
<br />If Mortgagee exercises such option to accelerate, Mortgagee shall mail Mortgagor notice of
<br />acceleration and such notice shall provide a period of not less than ~0 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 fuzther notice or demand on Mortgagor, invoke
<br />the power of sate and any other remedies permitted by applicable law.
<br />Signed this_...?,3tk..day of- - -..~Jllly....._..... ---°--•,-•:-----:----•---r°---°--- ................ I9---.~~,_...
<br />>.
<br />- - - --- -
<br />'c ~ Davi o
<br />f
<br />•-°
<br />-- - .... .. ...~.,Y.1..........° ..............
<br />STATE aF NEfiRASI{A Vicki J. Da on
<br />- -- ~--_° .............GxintY. ~ ss.
<br />tAr this .....~,~.~.~........ day of .........~!11,1Y_....__.._.._, 28.._$l before me. the undersigned, a Notary Public, in and for
<br />Ricky ~• Davison and Vicki J. Davison,
<br />Said County, Per-°onally came hushancl..and...wi.fss..........._.._ .............._........._.._...__.._.._.._..._............-----................_..................
<br />Personally known to me W be the idenfical Persons whose names am a8'ixed to the above and foregoing instrument, as
<br />mortgagors, and each acknowledged said instrument to be hic or her volunfary act and deed.
<br />LVitncys my banal and notarial sea! a1~..._ ...............GX:7A•d...Z,S1.3~s...Alikhxd $c3_.................._....._........_.........._.......
<br />the date Last above wriften.
<br />tpYfrW.t16111R-- au~lldaw
<br />1 t= ;
<br />. '~ ~ __.,......., MY Carnn+. , ~' Notary Public
<br />;t1Y crummrssion ezPtras........::: .. :'!`.:f. `. ~ _
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