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<br /> �: ( tiJ 'fhut Sn the event sny a�ti�arr]s ai•e n,ade to t.he t1o;Ur,agors m� tlie ; r sur,cesscr> ?n Snter•est for LaY, liig or AwiaFlne i .�...
<br /> by the � exercise of eminenc dr,mifn �he ��+hole or E�ny pnrt o; the morcg<:ged premises or• eany erz>ement LhereSn . 6he s�iid � �
<br /> � nwards are hereUy ❑sslgned to tt�e tlortgagee ; the Mortgaqee is hereUy nu6horL:ed to cullr. ct , recelve , i:nd receipt � ; � . � �
<br /> � therefor a�o co 3PPly the s�me In paymeut of cany indebtedness , i�atured m• unmatured , secured b, [hls mortasge . � � � �
<br /> � ( 7 ) .'Chat � Sn the event MorSLa.ors default 1n [ha payrient ot sald princlp�l sum , or of uiy lnsc�fllment thereof , cr - � � � -
<br /> � , of any Sncerest thereen , a! . t.tic tlme �vhen che same sha11 be due , or w1Ui respect [o any cuveniinC or cond? cion here- � ! � � �
<br /> �-^ ' � of , then , at � the opclen uY Plor�;�ngee , Lhe enrlre irdebtetlness secured - hereUY sh311 7ortlrr+ ! th becor�e due and puyabte , � � . �
<br /> , I � . . ' she11 bear Sntereat �t the ruce of teu percent P�r e�mwn , nnd W�e llortgugee may lmmedlately foreclose thls mcr[�;age ��� .
<br /> ; or pursue any otller avatleble legal remeQ;� . � . . .
<br /> � s ( B ) Ttiat in �the event ucclon Ss broutht to farecluse this mortP,Nge , Che Mortpagee shall be entitled to li�rrediace
<br /> �� possessiou of clie mortF.3Bed premises , :+.rul Wie court may appolnt a recelver to tnke possession of sald premises , wlth �
<br /> �� che usual voisers ot receivers ln lSke cases . � � �. . �
<br /> � ( 9 ) That fallure or deley ot Hm•Cpagee .to exer� ise uny ot its rights or prSvlleqes shall noc be conscrued a, a : � �
<br /> � �valver � thereoT : chst any. ect of tlortgagee wnlvinF any speclfic Sefault of Mortgagors shall not be construed ¢s a
<br /> � � waiver o[ eny 2uture delaulcs ; that 1n c�se � ot d=tault Sn the payme�t ot any smortizacfon Snscallr.ents or ] nterest , �
<br /> ` or 1n case of pflyment by Mortgagee of any : leri , Judgr.ent , tax , lnsurance , cost or expense , or rents , fees nr charges�, � � � . � �
<br /> �r sald MortEsgee shn11 ha�;e the prSvSlege , w1 [hout declarlr,g the ++hole Sndr.btedness due and payutle , to foreclose en � � �� �
<br /> account of such specltic default for such sums as ure Sn det¢ult and such toreclosure Groceedings mny be liad and � � � . �
<br /> the land described hereln may he sold , subJect to the unpaid indebtedness hereDy secured , and [h1s mortgage shal ] j� " � � �
<br /> s � :cont3nue ns a 1 !en for any unR31d b+slunce . ! � �. � _ . �
<br /> � �lOj That � the MorC�agee may er.tend and de!er the maturit;� o ! and renew anC reamortlze sald lndebcedness , release f _ . . � .
<br /> � rcr.i llablllty uny party liahle thereon , and c�elease Irom Uie 11en hereof Furtlons of the propert,y coveretl here�y , � � .
<br /> � r, SthouC affeeting the prtorlty hereui .^,r tl;e ! 1ab111cy o! Moc� cgagors or any other party for che payment nf. s ¢Sd � �
<br /> lndebcedness , all such extenslons , derer�:encs , rcne�•+sls , and re•r.morW zatlans Co he secured hereby , � �
<br /> � ihst the �lnCe ,�Scyeandires^crs1b111ryeo. �Ci�eM r[gsgcrs �ccnst. Ituces 1hefr heirs , legal representaclves� P.OtlL'aSCCUPOQ � - �� � � . � : .
<br /> �r ,, p:::•t ot che censlderatlon for Ch_
<br /> hereDy , and r,het 1 ❑ the event cl�e :lurtgago[•s sf; ell se11 , trw�sfer , or convey the property descr:bed herein , Che • . � � � �
<br /> 9 � Mortgcgee mey at Sts option de:l�re the enci :e lndebted�iess l�r.med± ately Cue and puyable and may proceed Sn the en- � �. � �
<br /> ` ' � forcenent o [ Sts rlghts �s en u��y� ott!er :iefeult !n che terms of tt:e r;cce and mortgsge . � . � .
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<br /> r � en[sh5roy 1CSes �tbonusestl"ana d'ei'�;�rlor�ysethat� �c,� tra?^� tf �ebo time become due� end U�ble� under eny�alleEgas1 � �: -. . . . � �
<br /> or other minera: lease of er.y Y. Snd nos eY. 1EC1 [lg c: h�6 msy hereatter cone lnto ex! stence , covering the ebove iand � '.. �. �� � . .
<br /> or uny p�srt chereet . All s�mh sur�s ro rer,elveU hy !a .F,�Bze �hali 4e app : led to the Sndebtedne�s securetl hereby ; or . .
<br /> sa!d Mortgagee may at ics option tu;r. ovar �snd Geli��er te the 1^.ertgagors or Che1r successors In Snteresc , any or all � . � �
<br /> , of such sums wltLouC pretud:ce co ar.y n ; 11orte3agee � s rlrhts to taF:e ¢nd retaln future sums , and v+ lthout preJudice 1 �. ' . �
<br /> � tu any of Sts other rSF,hcs under this �,�rt3sge . ?he tr�ns;er and com�eyance tiereunder to Hcrtgagee of sa11 rente , � . � .
<br /> } � royeltles , benuses , an� delsy no�reys �iia11 Ue co:iscrue3 to be a provlslon for Lhe payment or reductlon of the moct- G . � . �
<br /> ! ge.ge debt , suD� ect to the 1'orcvaF.ec � s opclen :s here !rbefore provSded , im!ependent of Lhe mortgage 11en on sald real � �, � � �
<br /> estate . Upon payment ln . fuli o; the nortF:ge debt and the rele�se ot thls mortgage of record , Chis conveyance shall �
<br /> %� became SnoGerat±ve ar,d of � no � further tarce erd eftect . . ��
<br /> � (f/ords ar.�t yhrases hereir. , ir.c ±m3ir.� the acknowie3qr..eri hereof , sha1L Ge cor.strued as in the singuiar or hlural ! ' ' � �� � �
<br /> �-� � r.mn6ers an3 as r.asr.u ! ere , ferir.ir.e , or r.euier prrder , acccrdir.g tc the context . J f . � � �� .
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<br /> f � �-l-�t�>+-,���' �� _ � �ICfL�c��� ( aF.AL ) •a��,��•Q.� � i � [T�1����� � � � .� . ,
<br /> ' /�� � ,� � Dianne M: Quandt Laura R . Boersen
<br /> : �/2�-�iG`e�U �r�,u•.-.--•=�-� ( :ekt, 1 �/J < �p��,sn--i� -�ds R�,.J ,
<br /> „ Albert C . Quandt William L . Boersen
<br /> F" � ' ( �iAL ) ( �J+W ; ' . . � . _ . . .
<br /> . �, iS'r'AL ) ( S"c6L1 � '. .
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<br /> '� . SI'AT� 0'r ��Pt,/'aS �a DONALD K WADEII � �: � �
<br /> GenKe� Hotnry-$pU ol Nebr. ( �.
<br /> . . Hd �I ,. . MY Commisslon Explres � .� .
<br /> Y� , � � COU�TY Oi March I1, 1978 �
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<br /> ` - . . On th : s / 9 nyy, or .✓'IO !/ C/h .� CI- , ;, . L . . 19 � . D•, re;•e me , ;, !�otary H:bl1c in ��d for �21d L'ounty 2no .
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<br /> scece , ;ersonal!y ap;eai�ed Dianne M . Quandt ( also known as Dianne Quandt) and Albert C . ;
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<br /> � Ouandt wife and husband . �
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