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<br /> .. ;F j8 ) That ��,: ln the eyent ruty �� awards�a.re made Lo Che MorYgagors�.. or the7r successors in Snteres.0 Sor taking or da�naging � �
<br /> by the BxtT2'a13e oP ; Bminent � damaln Che who2B��.: or g premises or.�. any easement therein . LhB.: sa�id .� , ,5
<br /> : ,� . aRy part oT the mortBa ed
<br /> . Awarfls are hereby '�.sslgned: Ga the .:Hortgsgee ; the Mortgagee -� �is hsretiy auLhorized to � collecC , . � receive-.�- and reeei t � ; - � � � ��
<br /> � ,� ;�. �� thereYpr, atyd Co agply th¢ sa�xe in pa,ymenG of any SndebLedness , matured or 'unmacureU ,�,�:secured:�by this martgsge . ' �`E �.� :t ' � -
<br /> r, ; � '� (77 Tha�C � in the evet�t Mortgs�ors .clelsult �ln the PftYmenC oi ���sald princlpal ���sum , or :.oi r�ny ,�fnstallment� thereof��, or tt �k>
<br /> , . � oS sny .�nGe.r2st thereon, at tho time w,hen the Same �shall De dus , or �with respecC ta any covettarlt Or contlition 4ere— l :�:t� : � � �' ' �`� �
<br /> �" ' s� 02 , then , at the optton of N,orLgagee��, Che entire lndebtednesw . seaured� heretiy ,shall forChwith beCome due�.� and payable , � {
<br /> + ��� °� shai3 besr interest at the� detault�- rate descr3bed in sald nnte , and the Mortgagee may ]mmedlate}y foreelose �Lhls ,Fxf � ;�
<br /> � � � y . � martgage or, pnrsne �any other avaLiaple legal� remeqy .,'; ; .� . _
<br /> >f ; -� � ( 8j T'h&t.. 1n the e�enC� uc."t1o�s Ss broughG Co,-� Soreclose thi,� mortgage , � the Mprtgagee shall be entiGled ��to lmmed;iate `� �
<br /> possesalon��> oi the �tortgaged�, premises, and tbe� courG may appolnt a receiver co :take posseasion o2 said pretnises , , .with
<br /> d ` , ; `� � tha usual powers of ,receivers in llke cases .: �'r '
<br /> '} . �:' �� ; g } �haC '3silure "4�' delay�:•. oS � M4rtgegee tar. exerclse any pi � .Lts rSghts or privileges�. shall not be c�nstru9d as a ;�
<br /> f : " � walve.r' thereoi ; Chat ' any ac� of Mortgagee walving azty speolSic Qeiau?t of Morcgagors: shail x�ot be cons �nted� as a 1
<br /> � � -, �# � vlalve� oS sqy Slttiyre defaults ; that..'� in aase �ol default in Ghe Faymont::� oP any :amortizat.ton installments�:.:or. lnterest .4f
<br /> . F� or ih� case'� ot pay:�teat Ay �MorU�a�eP of any 11�.en , Judg[¢ent, tas �;�:� lnsssrnnca , cost ��or expense , or rents , iess or �charges , '
<br /> F + % �: �ff said tqortga,gee shall. Yaave �the privilega , wit�out dec:lsring the whole �indebtednass due:�..and PgY$ble , Co��� �.2orenlase on :�,`} �� ,�
<br /> ,accaunt of��. suc� spBcific 6e1mu1t Sor such � sums as �-are in �.default �and sueh� fareclosure proceedings may be hnd:�: an4 ��
<br /> � , ;� ' ;t� ��the land descrihed%herein niay be s�old , sub3�eot Lo �the unpaid��. indebtedness� � hereby' �secured , and: this mortgage ,-shall ����,
<br /> �, . � :�. �7 aontinue . �s a 11en �:Zar anY �unDaid �balence , . . � . .
<br /> � � t3 r �.. : ; . �- - � . . � � . . . � . . �.. a„
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<br /> � $ ��. � ( 1;0) That . the Martgagee may exGentl. :.and defer f.he maCurity of anQ renew and ,.retunortize said indebtedness , reiease i�
<br /> � from liDbilLty any �garLy �liab3e therenn , ar;@ release�� Srom Che lien hereof portions of� :the groperty eqvared hereby, °i:
<br /> �.,� ; wlLhou ¢ .�sYSecLing �.Lhe priority ,hereof or��� the 11ab11.ity oS ��:Mortgagors or �attY. other�. � party ior-� the pqymenG of ,�sald a,
<br /> S SnAebtedness , al1 such excensions , �. � de2ermenCs , renewats ,. � and reamortlzaClons� :to be sacured hereby, �
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<br /> � , ; y ( 1�. ) "Ta"ansfer ot Security.- � It Ss c�greed between the parties� �hereto , �� their helrs , leQal �. representatives ���and asslgns
<br /> � �� ;, �.that C3�e intagrity ��a.nd responsiD111ty oI Y.he �� MorCgagors �� consCitutes �a part �of�� tbe conslderaLlon �: Sor the � noto secured �
<br /> � �� - �.,� hereDy , and that . in the . event the Mortgagors sh+�ll . sell , . transler�, � ox- r.onvey the - property �described<�- herein , �.:the ' " ���
<br /> � f- � �. �, Mortgagee may at Sts opCioa;�.deolare � .the entire Sndebtedness ��lmmediately due and DaY�le and may propeet� in the <en � `�� ` ^`
<br /> , p �;�� iorcement pf its rlght5 as . on at�y other default Sn the terms . :pT tYie. nata �nq.. mortgage .��y . �. �, : � � �
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<br /> � �. ��. ( l2.) Assignuxent oS�. �Proceeps o2 Minexal Lease . Mort gagors here Dy trans fer , � � se t over , � and convey to tforcgagee �,all �� '; r � � '�
<br /> ,, ,� �P; rents , rpyaltles , tio�uses ,�. �� anc! delay moneys�. that may from CSme to time become� �due and : payable����untler� any oil , �gas , '` �
<br /> 5 :, - + or�. othe . uiktier.al lease of any klnd .now. ..exlsting� . or � that � may � heroaSter � come. � inta�. existenee . coverin� �•the sDove � lanc! � s:�
<br /> � v - : or.; 8ny:�aT'L3wt31ereoi; Al1 �. such sums _so �received . by. � Mortgsgee shail�� �e a�plied. to Lhe. � lndebtedness seeured 3�ereby;. or �Y
<br /> r ¢ ��; said HorGga�� gee may �at Sts � opt$.on��.turn over . and �ellver to � the �.Mortgagors � or �� their �. successprs Sn� lnteresL , any,or �all i"s'
<br /> .�,f+ ol: ��µo?P SL�.rhS �W�thout pre3udlce to�. any � of . Mortgagee � s � rights � to take.rand rataln future sums , ��and wlthout pre,�ud�ice :4
<br /> � ; , t0.'�8t� "kt �FilQ � L'y�r�,. Flgl�ts under ChSs.. merLgxge . � The� � transfer_ and conveyance hereunder:: ta Mortgagee of �:� said rents �,
<br /> �o £yt1e5 , �bo� �'yy' and deia moneys � shall Ue construed to be � a
<br /> z .�� � �+ , - Y provision. Zar � the payment pr �rednctlon � oS the mort �
<br /> � � : � debt , �sub�e,cxyq�6 the riortgzigee � &� optlon � as .herelnbelore provSded ,:�� indegendent o2 the morCgage. 11en �, nn sald �real
<br /> ' fl „ 8s a .e� (tI�'j�@y�e�pL:1n full� oS the�. mortgage. deb t . and the release of this mortgage oP secord, this aonveya.r�ce shall �, � � ,,
<br /> � '�.� c �eq�� `lnoper t Bi��t Gt. no.� Purther� force. �� and .eife.ct . � : � . . � �� :. �.. ��. . �.� . . . . �z t
<br /> °' { Vn#�qs :*a'nt��rh as `.h�rein, ��ir„etuding the : acknowledgment hereo7, shaiL be construed �ms tin the singutar or ¢ lurad ;,� �� '
<br /> ° � � �� i� : n'+��+".5 '$+�'Y`zS'�g�acLi.nE , femi.atine ,� . or neuter ��e�nder , cccordi.ng ta the corztext . ) � � iY
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<br /> , � � ._ n Ci'-� :� Fetersen �arms , Znc.. , = t; % ! �
<br /> c yy ' . '� . 4 ,, . ,`• �ss�L ) a Nebraska : Corparation i „ � 3 � ,
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<br /> r a Ir � �( SEAL ) . e"'`^-�� i� � . { SEAL ) ' , . �:
<br /> � �dj i�t�r� re `. M . petersen , Secretary Don Petersen , Pres�ent ';
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<br /> STATE OF � FpRM 2781 � ( Rev. 12-72) �
<br /> <� � � h'a !f 54 . ��s,�.� ,., ;";
<br /> �t COUNTY � OF � � MY� ConMnWf00Exphls.� - � ' �� "
<br /> � fA�seh lI. 27J8 4
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<br /> � �'� On �t111s �day �� ot /�',�i �"� � , A . D .�, �� �15 � . Ueiore �� me , a � NOGary :F�ublic Sn 3ud: � £or saitl CounGy ,rsnd � �
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<br /> � Don Petersea
<br /> ;� Stace, personally appeared � , Lo me personaliy. known to . t�e Lhe identiaal person
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<br /> '� � wha��: execvGed Lhe� taresiaing Snstn3menC , wflo beinq Oy me du2y � sworn . dld� � say Ghat he ss � P=esident � �� �
<br /> �g� � of said Goz�o^ation ; Chat . said Listrument � � was sigied and� sealr:d in � behnli . oP�� said oar�oratian , and�� acknowledKed
<br /> a � ^ sald Snstrumarat � ta � be the free and�- volunLary act and deed of sald ctirprrat3on . by I. t . voluntarlly� � executed . � � �
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