Nebraska § 42-501 Mortgage; procedure for authorization; limitation

Nebraska Statutes

§ 42-501 — Mortgage; procedure for authorization; limitation

Nebraska § 42-501

Ch. 42Households and Families

This text of Nebraska § 42-501 (Mortgage; procedure for authorization; limitation) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 42-501 (2026).

Text

When either husband or wife is mentally incompetent and incapable of executing a mortgage relinquishing or encumbering his or her right to the homestead or any other real property of the other, the other may file a complaint in the district court of the county of his or her residence or of the county where the real estate to be encumbered is situated setting forth the facts and praying for an order authorizing the applicant or some other person to execute a mortgage and relinquish or encumber by such mortgage the interest of the mentally incompetent person in such homestead or other real estate. The court shall not authorize the execution of any mortgage on the homestead of the parties for an amount greater than is necessary to pay or redeem the lien of an existing mortgage on such homeste

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When either husband or wife is mentally incompetent and incapable of executing a mortgage relinquishing or encumbering his or her right to the homestead or any other real property of the other, the other may file a complaint in the district court of the county of his or her residence or of the county where the real estate to be encumbered is situated setting forth the facts and praying for an order authorizing the applicant or some other person to execute a mortgage and relinquish or encumber by such mortgage the interest of the mentally incompetent person in such homestead or other real estate. The court shall not authorize the execution of any mortgage on the homestead of the parties for an amount greater than is necessary to pay or redeem the lien of an existing mortgage on such homestead.

Legislative History

Source: Laws 1927, c. 66, § 1, p. 229; C.S.1929, § 42-501; Laws 1935, c. 93, § 1, p. 315; C.S.Supp.,1941, § 42-501; R.S.1943, § 42-501; Laws 1986, LB 1177, § 15; Laws 2004, LB 1207, § 33.