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<br /> KTV-156 . 1/23/90 (521 � Grand Island, NE
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<br /> 5. Pavment of Impositions. . . � ,
<br /> - (a) Martgagor shall pay and discharge, or cause � '
<br /> to be paid and 8ischargeci, whea and as the same shall become due,
<br /> a11 real estate and pezsonal property taxes, a�ad other fees, �
<br /> _. assessments, charges, liens or encumbraaces, iacludi.ng, without _
<br /> limitation, water and sewer rents and cT���ges and all othet
<br /> governmental or non-governmental charges, gene�.l. an8 special, .
<br /> - ordirasy and extraordinary, fores@�n and unfor�c-�n, of any ktr,.d� �
<br /> or nature whatsoever, whic� at any time prior �.� or aftes t���, � �
<br /> exeeution of this Mortgag� may be assess��, �.ev��ed o� imBosed • �
<br /> upon all or part of the Mortgaged Prope�, .�a� ��:y u�e or , .
<br /> occupancy thereaf, and other taxes, asses�z►e�t��� fees and , ,� :
<br /> governmental or non-govarnmental charges I�rx��,: imposed o� . ,
<br /> assessed upon or against Mortgagor with rc���s-��'to the Mortg��ad .=;.
<br /> _ Property, together with any interest or �S���ies on any of �hc� � .
<br /> foregoing (all of the foregoing are hareir�f�c'rrr, collecttvel�- �
<br /> referred to as the ��Impositions") . Mortgago� �lti�].1 have tl�a �
<br /> :� right, at Mortqagor's sole cost ard expecse �� acti,�g i.n goo�
<br /> €aith, to contest or ob j ect to tkt� amow�t.a� tr�3.idity� of any such .
<br /> - Imposition by appropriate Zega2 p�oc��d.i:�� ����.:t sucl� r�.ght shall . _
<br /> not be deeme� o� coastruee� £r� aa� wag� a�. �e1i��s�g, modifying or .
<br /> � extending Mortgaq4�'s co�reaa�t �t� pay a�Y such fmposition at the '
<br /> time anci in tMa m�nrcer pra�iidQ� i¢ thi� 1�rticle 5) . Notwithstand- �
<br /> ing the foregoir�g, suck� rigt�} to� conte�� or cbject to the validity . .
<br /> of any Zmposition sl�all b� aeerned to suspend Mortgagor�s covenant �
<br /> to pay the same, pendirtq a final �etezmination of the legal pro-- _
<br /> ._ ceedings initiated by Mortgaga�, �f all of the following conditions • -
<br /> are satisfied: (1� contEmpora3aeau�ly with the commencement of _
<br /> such proceedings, Mortgag�� shall give c��itten notice tY�ereof to � =-
<br /> Mortgagee, (ii) if under a�ppli.cable l�c�� �he Mortgaged F�operty or : -
<br /> any part thereo� is subject to sale or ��rfeiture for failure to •� �—
<br /> - satisfy such Zm�oaitions prior to a final determination of the ,
<br /> legal proceedings, such proceedings mu��, operate to prevent such
<br /> sale or forfeiture, and (111) Mortg�gQ� shall futnish a gaoa and '
<br /> sufficient bond, surety or other �e�s.z�r�:y satisfactory �o Mort- �r
<br /> gagee in the amount af the imposi.tivns which are being cantested '
<br /> plus any interest and penalty which c�a�r be impos�d thereon a�d
<br /> which could become a lien against the R.c�a1 Estate or �:� ga�t of
<br /> the Mortgaged Property. I�, at any ti�,e or fzom time t�s time,
<br /> the payment of the Impositions being contested shall become ;';�,..
<br /> _ � � necessary to prevent the deliver of an instrunrr��t conveying the
<br /> Real Estate or any portion thereof because of �on-paytr�►nt, then,
<br /> Mortgagor shall pay, or cause to be paid:, the same in ���fficient
<br /> time to prevent the delivery of such �.�s�rument. The f�oregoing
<br /> • right of contest or ob�ection to any I�:position shall also extend
<br /> '- to the Tenant, and in the case �� any legal proceedings condu�ted
<br /> by the Tenant, the requirement fc�r a �•vnd, surety or ather
<br /> � security will not be impased hereunae�..
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