Nebraska Statutes 76-818. Sale of apartment; expenses; deducted from sale
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Upon the sale or conveyance of an apartment, all unpaid assessments against a co-owner for his pro rata share in the expenses to which section 76-817 refers shall first be paid out of the sales price or by the acquirer in preference over any other assessments or charges of whatever nature except the following:
Terms Used In Nebraska Statutes 76-818
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(1) Assessments, liens, and charges for taxes past due and unpaid on the apartment; and
(2) Payments due under duly recorded mortgage and lien instruments.
Source
- Laws 1963, c. 429, § 18, p. 1443.