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<br />MORTGAGE _ See L 23.9ti0
<br />MORTGAGE LOAN NO. L 23, 971
<br />KNOFI ALL MEN BY THESE PRESENTS: That Robert S, Proffitt and T. A. Proffitt, each ir: his and
<br />her own right and as spouse of each other,
<br />Mortgagor, whether one or more, in consideration of the sum of
<br />Forty Thousand and rlo/100-----------___~__^~_a__M~ ~ ~~~
<br />loaned to said rrtortgagor by The Equitable Btu9dirtg and Lunn Association of Grand Island, NebraUta, Mortgagce, upon 40© shares of stodt of
<br />said ASSOCIATION, Certificate No. L , do hereby grant, convey and mortgage unto the said ASSOC[AT'[ON the foBowireg
<br />described real estate, situated in HaB County, Nebraska:
<br />Lot Twelve (12), Regency-by-tie-Green
<br />Subdivision, an Addition to the City of
<br />r_ranrl Tcl anr7_ Halt C'.Cnlnty._ N2b7'dSka_____
<br />together with all the tenements, herediuments and appurtenances thereunto belonging, including attached floor coverings, all window screens,
<br />window shades, btirds, storm windows, awnings, heating, air runditioning,and plumbing and wateregttipment and accesmria therta, pumps, staves,
<br />refrigerators, and other fixtures and equipment now or hereafter attached to or used in rronnection with said rest estate.
<br />And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and a~Mnu levied or
<br />assessed upon said premises and upon this mortgage and the bond secured thereby before the same stall become delinquent; [o furnish approved
<br />insurance upon the buildings on said premises situated in the sum of 5 40, 000. UO pay~bk to said ASSOCIATION and to deliver to said
<br />ASSOCIATION [ere policies for said insurance: and not to commit or permit any waste un or about said premiss;
<br />to rase of default in the performance of any of the terms and conditions of this mortgage ur the bond secured hereby, the mortpgce shall,
<br />on demand, be entitled to immediate passess9on of the mortgaged premises and the mortgagor hereby assts, [ra~ots and sets over to fire
<br />mortgagee all the rents, revenues and income to be derived from ttx mortgaged premises durirg such time as the mortgage indebtedness shad remain
<br />tmpaid; and the mortgagce shall have the power to appoint any agent or agents it may desire fur the purpose of repairing said premises and rrntiog
<br />the same and collecting the rents, revenues and incorrre, and it rosy pay out of said income a4 expenses of repairing ~ premies and necesassy
<br />corrnstissions and exptrtss incurred N renting and atanagireg the same and of colle~-ting rental thercCrom; the balance rcmaining, if any, to be
<br />applied toward ttre discharge oI said mortgage indebtedness; these rights of tfce mortgagee may be exercisd at any time during [~ existence of such
<br />default, irrespective of any temporary waiver of the same.
<br />These Presents, however, aze upon- the Condition, That if the :aid Mortgagor shad repay said loan on or before [he maturity oC said shuts by
<br />payment; pay ratnthty to said ASSOCIATION of the sum speci#ied in the Bond secured hereby xs interest and principal on said loan, on or before
<br />the Twrntieth day oC each and every month, until said loan u fully paid; pay all [axes and ~««•+~nts leved against said premises atui on Ueis Martpge
<br />and the Bond secured thereby, before delinquency; furnish approved insurance upon the buildings thereon in the lust of 5 40, 000.00 payable
<br />to said ASSOCIATION; repay in said ASSOCIATION upon demand all money by it paid for such taxes, assessments and iruurance with interest at
<br />rite maxirttum legal rate thereon from dale of payment all of which Mortgagor hersby agrees to pay; permit no waste on saw premises;keep and comply
<br />with all the agreements and conditions of rite Bond for S 40, 000. DO this day given by the said Mortgagor to said ASSOCIATION, and comply
<br />with all the requirements of the Constittuion and By-Laws of said ASSOC1AT10N: then these presents shall become null and void, otlx_~vviae tlxy
<br />shall remain ~o full Corce and may Ix foreclosed a! the option of the said ASSOCIATION after Caittue for three months to matte any of
<br />payments or 6e three months in arreus in making said monthly paymenu, or to keep aril comply with the agrcements and conditions of saki Bond;
<br />aril Mortgagasr agrees to have a receiver appointed forthwith m such forectostue proceedings.
<br />If there is any change m vwnersleip of the real taste rnortgsgeci herein, by sale or otherwise, then the entire remaining vdebtedness hereby
<br />sdtttrcd shall, at tfce aptian of Tice liquitabk Building wd Loan Association of Grand [slated, Nebraska, become utucedia[ely due artd payable without
<br />further notice, and the amount renuining due under said bond, and any other bored for any additional advances made tlcereundet, shall, from the
<br />date of exercae of said option, liar interest at the rstaxirrnrrn legal rate, and this mortgage may then be foredosed to satisfy the amount due on said
<br />bood,and any other bond for additional advances, together with aU sum paid 6y said The Equitable Bviediog aril Loan Association of Grand Island,
<br />Nebraska for insurance, fuss and assessartents, and abstracting extension charges, with interest thereon, Crom date of payment at ttu rruximum
<br />legal rate.
<br />As provided in [he Bond secured hereby, while thrs mortgage remains m effect rite murtgagce may hereafter advance additional sums [o the
<br />rrtakers oC said Boyd, their assigns ur successors in interest, which awns shall ce wntun [he security of this mortgage the same as the ftmds ortguealty
<br />sec refs amount oC principa3 debt tart to rxueed at any tirur the original amount of this mortgage.
<br />t " 15th day of Juiy A. D., t4 81
<br />Pro i ---------
<br />T. .Pro fits
<br />`f.`,,
<br />STATE Ot'' NEBRASKA. ~ ~ On this 15th d,y ,s f July t9 81 .before cots,
<br />COUNTY OF }CALL
<br />the undersigned, a Notary Public in and for said County, persorully came
<br />Robert S. Proffitt and T. A. Proffitt, each in his and her own right and as spouse of
<br />eal~1 Oth2r who arg ~ Perm~Y known to
<br />r
<br />me to be t}te idtntital person S wtwsc names ai'~ aftued to the above instr as mortgagor s and ~eY ~~,
<br />.-~
<br />adtnowkdgcd the said iastrtenteai w be t}lelr voluntary act and decd,
<br />9YiTNtSS my stand anJ Notarial Seal the date aforesaid. ~~ ~ ~~~
<br />My Cutmttisrksn cxpira ' ~ - .~' ~ f .: ~ ~ ~ y_
<br />4//~~ ~. y, /~ ~ 1 rwtary Fabhc
<br />wram ae I ~~fpu MKSiAAt ~ 5ute at NaOruka
<br />1AMti$ w. Ot~SgN
<br />~S.~Y~,s~La My Gamr~. Esp Maw, I Z, 1993
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