Nebraska § 25-2153 - Sale of entire property; proceeds; disposition.
Full text of Nebraska Revised Statutes of Nebraska § 25-2153 — Sale of entire property; proceeds; disposition., with citation guidance and answers to common questions.
§ 25-2153. Sale of entire property; proceeds; disposition.
In such case the proceeds of such sale shall be applied as well to the interest, portion, or installment of the principal due as towards the whole or residue of the sum secured by such mortgage, and not due and payable at the time of such sale; and if such residue does not bear interest, then the court may direct the same to be paid with a rebate of the legal interest, for the time during which such residue shall not be due and payable; or the court may direct the balance of the proceeds of such sale, after paying the sum due, with costs, to be put out at interest, for the benefit of the complainant, to be paid to him as the installments or portions of the principal or interest may become due, and the surplus for the benefit of the defendant, his representative, or assigns, to be paid to them on the order of the court.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 25-2153
What does Revised Statutes of Nebraska § 25-2153 cover?
Section 25-2153 ("Sale of entire property; proceeds; disposition.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 25-2153?
A common citation format is "Revised Statutes of Nebraska § 25-2153" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 25-2153 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.