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<br /> zs-w 002987 4 •
<br /> additional advances , or in the event the Mortgag� r shouid selt , e � 'her outright , by land
<br /> � contract , by lease pur.chase agreements , or otherwise , or title thereto should otherwise
<br /> become vested in persons other than the Ntortgagor ; then fihe whole indebtedness hereby �f
<br /> secured shall thereupon or at any time thereafter , at the option of the Association , become �
<br /> immediate { y due and collectible without turther notice and this Mortgage may then be tore-
<br /> closed to recover the same , with interest thereon , at II � and all reasonabfe costs
<br /> and expenses of s � it , including abstracting or titl � search fees . Acceptance by Mortgagee
<br /> of one or more instaliment payments on the indebtedness secured hereby subsequent to any
<br /> � sale or change in ownership or possession of said real estate , or any part thereof , as
<br /> above provided , as to which mortgagee has not granted its written consent , shall not
<br /> ;; constitute a waiver of Nbrtgagee ' s option to accelerate the whole indebtedness hereby
<br /> ' secured , which option may be exercised by Mortgagee at any time . IJo delay or ommis5ion of
<br /> PAortgagee to exercise any right or option eccruing upon any default shaif impair any such
<br /> right or option , or shall be construed to be a waiver of any such default , or an acquiescence
<br /> therein ; and every option and remedy given by this Nbrtgage to the Nb rtgagee may be exercised
<br /> ' j from time to time as often as may be deemed expedient to Mortgagee .
<br /> � Provided further that in the event of default in the performance ot any of the terms
<br /> � and conditions of this Mortgage , the Note secured by this Nbrtgage , or any other notes for
<br /> additional advances , on the part of the Nbrtgagor , the Association shail be entitled to the
<br /> immediate possession of the premises above described , together with aii the rent , revenues
<br /> and income , including any land contract payments due the Mortgagor or any other incomes of
<br /> any type whatsoever , to be derived therefrom , and said Association may , in its discretion .
<br /> use the rents so far as it deems necessary for the purpose of making repairs upon the
<br /> premises , and for the payments ofi insurance premiums , taxes and assessments upon said
<br /> premises , and for necessary expenses incurred in renting said premises and collecting rents
<br /> theretrom , and to apply on said note and notes and agreements for future advances , until
<br /> the indebtedness secured is fully paid ; but said Association shall in no case be liable for
<br /> the fiailure to procure tenants , to collect rents , or to prosecute actions to recover
<br /> possession of said premises _
<br /> Executed th i s �9�=� day of , � `�/�•
<br /> ..
<br /> :,� . .�::
<br /> j .
<br /> David E . Philip '
<br /> ao i L . P il "
<br /> neth .B . Knox� �"
<br /> Y),�
<br /> . � Mari lyn PA . K x
<br /> i STATE OF NEBRASKA )
<br /> ; ) ss :
<br /> � COUNTY OF HALL )
<br /> ; On this�day of /�'�-j� , I �� before rne , a Notary Public in and for said
<br /> ' County , personally came the above named DAVID E . PHILIPPI AND NAOMI L . PHILIPPI , husband and wifi
<br /> AND KENNETH B . IUJOW ANb MARILYN M . to me well known to be the indenticai persons whose � ames
<br /> • i�2h e above Mortgage as grantor� and are severaliy adknowledged the
<br /> said instrument and the execution thereofi , to be their voluntary act and deed .
<br /> WITNESS my hand and Notarial Seal , the day and r last above written .
<br /> s�an�.CJTARY• S�ebdNah�»ta � rt. /J--c-�
<br /> ' � �PH� � �T� Notary Pub I i c
<br /> ' Mp Coaw. F�pJune 30, 1979
<br /> My commiss i on exp i res on the �f�-f�t day ofi � , I 9 7�.
<br /> < conti;n �ed from page l ) THENCE SOUTHERLY ALONG SAID EST LINE OF LOT THIRTY FOUR ( 34 ) , A DISTANCE
<br /> OF 7WQ HUNDRED TWENTY ( 220 . 0 ) FEET , T THE SOUTHWEST COI�JER OF SAID LOT THIRTY- FOUR ( 34 ) ; THENCE
<br /> EAS'fERtY ALON6 THE SOUTH LINE OF SAID�OT THIRTY FOUR ( 34 ) A DISTANCE OF THIRTY EIGHT AND FIVE
<br /> �ENTHS ( 38 . 5 ) FEET ; THENCE SOUTHERLY ALONG A LINE FOUR HUNDRED THIRTY THREE ( 433 . 0 ) FEET EAST OF
<br /> � <AND� PARALLEL- TO THE WEST LINE OF SAID SOUTHWEST QUARTER ( SW� ) A DISTANCE OF SIX HUNDRED FIFTY
<br /> ; I THREE AND PIFTEEN HUNDREDTHS ( 653 . 15 ) FEET ; THENCE DEFLECTING RIGHT 91 �29 ' AND RUNNING WESTERLY , �
<br /> , A� DI:STANCE OF FOUR HUNDRED THIR7Y THREE ( 433 . 0 ) FEET TO THE WEST LINE OF SAID SOUTHWEST QUARTER .r `
<br /> � CSW�) ;, THENCE .NORTHERLY ALONG SAID WEST LINE OF THE SOUTHWEST QUARTER ( SW� ) A DISTANCE OF SIX ` ±�
<br /> ' + HUiJDRED FORTY EIGHT AND SEVENTY SEVEN HUNDREDTHS ( 648 . 77 ) FEET TO THE PLACE OF BEGINNING . � � ' ` ` ,,
<br /> ' F�COEPTING THE SOUTHERLY 7}iREE HUNDRED ( 3001 FEET OF THE ABOVE DESCRI6ED TRACT ; BUT TOGETHER , ' " e :
<br /> $ : W`iTH A SIXTY C60 )- FOOT WIDE EASEMEN; ALONG AND UPON THE NORTHERLY SIDE OF SAID LAST MENTIONED �n; '
<br /> �= SOUTHERLY THREE HUNDRED t300 ) FEET FOR COMMON ROAD PURPOSES . �`, „ ; � ,
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