Nebraska Statutes 25-2138. Sale of premises; decree; power of court
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Whenever a complaint is filed for the foreclosure or satisfaction of a mortgage, the court has the power to decree a sale of the mortgaged premises, or such part thereof as may be sufficient to discharge the amount due on the mortgage, and the cost of suit.
Source
- R.S.1867, Code § 846, p. 542;
- R.S.1913, § 8255;
- C.S.1922, § 9208;
- C.S.1929, § 20-2140;
- R.S.1943, § 25-2138;
- Laws 2002, LB 876, § 33.
Terms Used In Nebraska Statutes 25-2138
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.