If, after a decree for sale, entered against a defendant in such case, he shall bring into court the principal and interest due, with costs, the proceedings in the suit shall be stayed, but the court shall enter a decree of foreclosure and sale, to be enforced by a further order of the court, upon a subsequent default in the payment of any portion or installment of the principal, or any interest thereafter to grow due.

Source

  • R.S.1867, Code § 857, p. 544;
  • R.S.1913, § 8266;
  • C.S.1922, § 9219;
  • C.S.1929, § 20-2151;
  • R.S.1943, § 25-2149.

Terms Used In Nebraska Statutes 25-2149

  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • 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