Nebraska Statutes 25-2196. Order of conveyance; when made; purchase money security
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If the sales aforesaid are approved and confirmed, an order shall be entered directing the referee or referees, or a majority thereof, to execute conveyances pursuant to such sales. But no conveyance can be made until all the money is paid, without receiving from the purchaser a mortgage of the land so sold, or other equivalent security.
Source
- R.S.1867, Code § 829, p. 540;
- R.S.1913, § 8312;
- C.S.1922, § 9264;
- C.S.1929, § 20-2196;
- R.S.1943, § 25-2196.
Terms Used In Nebraska Statutes 25-2196
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.