The order of sale on all decrees for the sale of mortgaged premises shall be stayed for the period of nine months after the entry of such decree, whenever the defendant shall, within twenty days after the entry of such decree, file with the clerk of the court a written request for the same. If the defendant makes no such request within twenty days, the order of sale may issue immediately after the expiration thereof. As to any mortgage executed after September 28, 1959, if the original maturity of indebtedness secured by the mortgage is more than twenty years after the date of the filing of the complaint to foreclose the mortgage and the mortgage covered a lot or lots, or any part thereof, in a regularly platted subdivision, or parcel of residential property not exceeding three acres in area, the stay period shall be three months, and, as to such a mortgage executed after October 9, 1961, if such original maturity is more than ten years but not more than twenty years from and after the date of the filing of the foreclosure complaint, the stay period shall be six months.
Notes of Decisions
Mut. of Omaha Bank v. Watson, 301 Neb. 833 (Neb. 2018).
· cites it 4× “Watson claims he was entitled to such a stay under Neb. Rev. Stat. § 25-1506 (Reissue 2016).”
Deutsche Bank Nat. Trust Co. v. Siegel, 777 N.W.2d 259 (Neb. 2010).
· cites it 4× “Upon the Siegels' motion, the court stayed the order of sale for 9 months pursuant to Neb.Rev.Stat. § 25-1506 (Reissue 2008). The master commissioner conducted a public sale of the property on November 4, 2008.”
Prod. Credit Ass'n v. Schmer, 448 N.W.2d 141 (Neb. 1989).
· cites it 3× “On October 16, 1987, on the petition of Production Credit *786 Association of the Midlands (PCA), successor in interest to Norfolk Production Credit Association, the trial court entered a decree foreclosing appellant’s farm and ordered it to be sold if the amounts found due were…”
Cent. Sav. Bank v. First Cadco Corp., 181 N.W.2d 261 (Neb. 1970).
· cites it 2× “Section 25-1506, R. R. S. 1943, provides that as to certain mortgages executed after September 28, 1959, the stay period shall be 3 months “if the original maturity of indebtedness secured by the mortgage is more than twenty years from and after the date of the filing of the…”
Mut. of Omaha Bank v. Watson, 301 Neb. 833 (Neb. 2018).
· cites it 4× “Watson claims he was entitled to such a stay under Neb. Rev. Stat. § 25-1506 (Reissue 2016).”
Nebraska Fed. Sav. & Loan v. Patterson, 321 N.W.2d 71 (Neb. 1982).
· cites it 2× “Upon the stipulation of the parties, execution of the judgment was stayed as provided in Neb.Rev.Stat. § 25-1506 (Reissue 1979). An order of sale was issued on March 3, 1981, and the property was sold to the plaintiff for $29,000 on April 6, 1981.”
Matter of Fern Acres, Ltd., 180 B.R. 554 (Bankr. D. Neb. 1995).
“§ 25-1506 (Reissue 1989). The nine month stay expired on January 12,1995, and the Bank scheduled publication of the notice of sale on February 1, 1995.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.