|
<br />MaRT~atGr•. _
<br />MORTGAGE LOAN NO. L 23 , 650
<br />KNOwALLMENBYTHESEPRrsENTS:Thal r), A. Proffitt, M.D. and Wilmette Proffitt, each in his
<br />and her own right, and as spouse of each other
<br />Mortgagor, whether one or more, in conssdetation of the sum of
<br />~e Hundred Sixes Thousand and NoL00--~-_---------------------_-------------- noLLARs
<br />loaned to read mortgagor by'The Equitable Building and Luau Association of Grand Island, Nebraska, Mortgagee, Upon } 6D0 shares of atodc of
<br />said ASSOCIATION, Certificate No. L 23,650 , do hereby grant, convey and ntertgsge unto the said ASSOCIATION the following
<br />described reef estate, situated N }tall County, Nebraska:
<br />LOT SIX (6) IN BLOCK ONE (1) IN THE REPLA'I OF RIVERSIDE
<br />ACRES, AN ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA,
<br />ACCORDING TO THE RECORDED PLAT THEREOF.
<br />together with al} the tenements, hueditarnents and sppur[enarexs thereunto belonging, including attached dour cuverirtgs, ail wind+=u screens,
<br />window shades, Minds. stsxnt window:, awnings, heating, air eonditiuning,and plumbing and watercgttiptrtentartd aerx~triea ilxxeto, #~=?rps,stovcs,
<br />rcfrigeralors, and other =:xtures and equipment now ur hereafter attached to or used in conreectiun with said real estate,
<br />And whtreas the .-aui rrtortgagor haz agreed and does hereby agree that the mortgagor shall and will pay ail tares and assesrrnetsts kried or
<br />ar~:ssd upon said presreiscs and upon this mortgage and the band secured thereby beft>re [he same shag bemtne detrsytrent; to fvrai$e approved
<br />insurance uprm ttcc huildrngs on said premises situated~in the stun of'S } 60,OOD, QO payable to said ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies fur said insurance; and not to commit or permi[ any waste on or about said premims;
<br />In case of default in the performance of any of the terms and conditions of this mortgage or the bond saluted hereby, the mortpiga shelf,
<br />on demand, fx entitled to immediate puss~ession of the tnurtgaged premises and the ttwrtgagor hereby assigns, transfers amt sets <»va to the
<br />ttnxtgagec aH the cents, revenExs and incurtte to be decived from the morigaged premises duri*+v, such time az the mortgage Lledebtedtrrss shah remain
<br />wtpaid: and the rnorteygee shall have the power to appoint any agent or agents it ntay desire fur the purpose of repairing said premises anti Eentitta
<br />the rattle and collecting the rents, revenues and income, anti it may pay suet of said income a8 expenses of repairing slid pretniass amt accxasary•
<br />commisYams and rxpertst:s incurred in renting and IlEanaging the sarrre ared of collecting rentals therefrom: the ktalanee renminite6, if any, to ba
<br />applied toward the discharge of said mortgage irulebtedness: tftesr rights of the mortgagee may be ezercised at any tiate dewing tlEe nistence of sttt~t
<br />default, irrosjuctive of any temporary waiver of the same.
<br />'these Presents, however, are upon the t'arrditiun, That if the said Mottgagrrr sitafl repay recd loan un ur before the: maturity of said shares by
<br />pay7ttent; pay mnnthf7° ur said AS50CIATlON of the sum xpecifrrd k the Bund cured hereby as inleresE and principal on said loan, on or before
<br />th€'IL+erttecth day of e~r:h :utd every mcanih, until said bran is ftilfy paid; pay alt taxes and assasstr!auta Ervi ai rat +" prs:trt,~r3 atg3 tst this.*-rte=igaga
<br />and the ttund secured tieerehY, before dcioraucn~ furititlrapprovcd insurance teP+rn the buildings tit+_rean in tits sum ru S } ~tQ,QQQ. Q~ paYahc
<br />to seed ASSOC[ATff1N; repay tU :aid ASS[1CiATiON upon detttartd off rmy by it paid fc?r such taxes, a~es~reents ared instsiancgr with interest at
<br />T.axiNum .w,F . t ~ u .`ter +~rebY r°.~ ts3 ~ " periTt
<br />. n r~r . •hrt~;;. f:utn dale €;f ,~~-- ~:: ......4„ ~~ _. t~=,m ~isie~sa~ps~,;'--~-- add t=~~iy.
<br />- .veil : «'-! iht set;+'ar~,zrt. and --c~nditivits c*f tt'-t=arinst fix S }e£3`t'i,~ DQhxs day given by the said Mortrr t~ eaat AStA}'?F3ti, ared ~PIY
<br />with all the reyuicrntents of the t'onsti[utiun and By-Laws of seal ASSOCIATION; then these presents shag become null and void, otlierwiae they
<br />shall remain m full f~+rcx and may he fuxrclused at the uptxen of the seed ASSOCIATItN after faifute for three nxintlss to make any of said
<br />paymtws or be three months in arrears in cnakurg relit ctuxxhly payments, or to keep and comply with the agecEnents and conditions of said Bond;
<br />and Mortgagvr agues to have a receiver appuirttcd forthwith ixe srn:h furechrsute proceedings.
<br />If there is any change in ownership of the real estate mortgaged harem, by sale w otherwise, then the cntiro rornauting ittbebtedrtma hereby
<br />secured shall, at the uptam of The liquitabk Buifdirtg and Lwn Aswciatiun uCGtnnd Islared,Nebraska,hewme ierutrediately due andpaytbte without
<br />further notice, and ttce anarunt rematnutg due Emden said trend, and any other bond tot any additional advanms Evade LheroEStukr, shag, Crotn the
<br />dale of exercise o1'said opta~et, hear interest at the rnattimtun rate, and this mortgage nary then be fureckraed to satisfy the tawuat dna on said
<br />bond, and arty other lotted for additional adwenixs, together with aB soma paid by said The EgEeiubk Building and Ltran Association of Gsaasti Istwd,
<br />Nebraska for insurance, taxes •and nsseevnrnts, and abstracting extension charges, with interest thereon, from date of payment at the maximum
<br />legal rate.
<br />As ~teovided in the tWnd secured hereby, while [hie cmrrtgagc remains in effect the nturtgag~x rtuy hereafter advance addirirwat sums to tht
<br />makers of said Bond, their assigns or sucisessurs in interest, wftich sums shalt he within the security of this mortgage the same as tfu funds oriZirtsily
<br />securod IhercbY,tt'h~ total aEnuunt of principal debt not to exceed at arty titer the urigtnaf amount ut'this nwrtgage.
<br />Dalodthisl __ ~ dayuf December A.1?..179
<br />~'', ,
<br />~ ,.~ ~- ~'
<br />~etta Proffitt~~
<br />STATE OF NEBRASKA, ~ A t?n this 5th day of December 14 79 , beforo ma,
<br />COt)T1TY OF liAi.f.
<br />the undersigned, a NoLUy Public in and for said County, pctannatty canto
<br />J. A. Proffittr M,D. and Wilmette Proffitt, each in his and her owW~right, and as s~ou~se~
<br />are peraonaify
<br />of, each ether
<br />ttrc to tee the identical persons whose names are
<br />affixed to the above inxtturtsettt~s murtgagot S and they severalty
<br />acknowledged the said instrument to he that r voluntary act and dad. j/"" ".
<br />WITNESS my hand and Notarial Seal the date aforesaid. ` ~~ ~ `~~~ ~,~
<br />My Cornmissiou expires . %"~ / ~ r `~-.,
<br />-- Notary Public
<br />tE:ra$Ia ar ~GEit;RAI N61ARY-Siate of Nebraslu
<br />JrSn'lES W. OLSON
<br />e"~+'"-;"_-~ tdp foram, Exp. Hov. f 2. t9d3
<br />
|