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<br /> IT IS FURTHER. AGREED :
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<br /> X 1 . That if the said mortgagor shall fail to pay such taxes or procure
<br /> such insurance , the mortgagee , its successors or assigns , . may pay
<br /> such taxes and procure such insurance and the sum '. so . advanced with
<br /> .L. , , . interest at nine per cent ( 9 % ) per annum, shall be paid by the said
<br /> mortgagor and t .Is mortgage shall stand for security of the same .
<br /> 2 . That failure to pay any of said . . money , either principal or interest ,
<br /> whenthesame becomes due , or a failure to comply with any of the
<br /> ty foregoing agreements , shall cause the whole sum or sums of money ,
<br /> , • herein secured to become due and collectible at once at the option
<br /> of the mortgagee , its successors or assigns .
<br /> ax 3 . In case ofa foreclosure of this mortgage under any of these
<br /> provisions , a receivor may be appointed to collect the rents , and
<br /> profits from the mortgaged premises and proceeds of any such rents
<br /> and profits so collected shall be applied on the debt secured hereby . .
<br /> ,) 4 . The mortgagor tohave the privilege of making prepayments on the
<br /> " • principal of the mortgage debt without premium , as provided in
<br /> r` ar. such note .
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<br /> Dated . this . 31st day of December , 1975 .
<br /> HO-OTT-SCHU LAND COMPANY.
<br /> tieing ilj,1
<br /> : ,_ ' Re,t J . H . Otto , President
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<br /> Shell SeLled yat-rd Delivered
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<br /> Tc* '.ijoeft ,_ aeereta
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<br /> STATE OF NEBRASKA )
<br /> ) SS .
<br /> COUNTY OF HALL )
<br /> On this 31st day of December , 1975 , before me , the undersigned , a
<br /> Notary Public , in and for said County , personally came Rex J . H . Otto , President
<br /> K1 of the Ho-Ott- Schu Land Company , to me personally known to be the President and _
<br /> the identical person whose name is affixed to the foregoing conveyance , and
<br /> acknowledged the execution thereof to be his voluntary act and deed as such
<br /> Li officer and the voluntary act and deed of the said Ho-Ott- Schu Land Company and
<br /> L2 , that the corporate seal of the Ho -Ott-Schu Land Company was thereto affixed by
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<br /> • its authority .
<br /> WITNESS my hand and Notarial Seal at Grand Island , Nebraska , in said
<br /> County , the day and year last above written .
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<br /> NOTARY .
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