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200003380 (b) Mortgagor shall fail to make as the same becomes due any payment required to be made by Mortgagor under the terms of this Mortgage or under the terms of the 2000 Notes or the Existing Obligations for amounts due other than for principal or interest; (c) Mortgagor shall fail to perform and observe any and all of Mortgagor's covenants and obligations, other than for payments, under the terms of this Mortgage, the 2000 Note Purchase Agreement, the 2000 Notes, the Existing Obligations or the other Operative Agreements, or be in default under any of the conditions therein specified; (d) any other Event of Default as defined or described in the 2000 Note Purchase Agreement or the Second Addendum shall occur. B. Remedies. Section 3.2 Upon the occurrence of any default hereunder, Mortgagee may at its option and without notice, declare the whole of the principal remaining unpaid on the 2000 Notes, all accrued interest thereon, and other amounts due under any of the Operative Agreements, immediately due and payable and the Mortgagee may at its option institute proceedings for the collection at law or in equity of all indebtedness due under the provisions of the 2000 Notes, this Mortgage and the other Operative Agreements. Section 3.3 Upon the occurrence of any default hereunder, Mortgagee may immediately cause this Mortgage to be foreclosed in the manner prescribed by law and, upon the commencement of foreclosure proceedings, Mortgagee shall, to the fullest extent permitted by law, be entitled to have a receiver appointed whether the Collateral be homestead or not and without proof of any grounds for such receiver's appointment other than said default with such receiver to take possession and charge of the Collateral during the pendency of said foreclosure proceedings and during any period permitted for redemption or stay of proceedings, to rent the same and to receive and collect the rents, issues and profits thereof, under direction of the court and any amount so collected by such receiver shall be applied under direction of the court upon the costs and expenses of receivership, expenses of insurance on the Collateral, expenses of management, repairs and maintenance, taxes, assessments and on all indebtedness secured by this Mortgage. Mortgagee shall have the right to bid at any foreclosure sale, and to obtain a judgment in respect to any deficiency. Mortgagor agrees in the event of foreclosure proceedings to pay such reasonable attorneys' fees as are authorized by law, together with the cost of extending the abstract, title report and all court costs. 2000 MORTGAGE (Grand Island, Nebraska) 21