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<br /> KTV-I56 1•!23/90 (521) G�can�- Island, NE
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<br /> reasonab�e a�torneys� fees, .court costs, e�gens�� a�n�t .o�her �
<br /> _ charges rela�i.ng.thereto, and together w�.th in�erea� fram the
<br /> time of paymt�n.t -at t�e Default Rate, on c�eman$, . and the same
<br /> shall be de�n�d: ta Yi� secured by this Mortgage, .
<br /> � � . .
<br /> , � ���);� � t�ortgagor promptl.y �ha�l compZ� with and
<br /> conform ta; :cr cati�e to be complied with aad con�ormea to, (i� �
<br /> all provisio�s of e�ch insurance go�icy required tm be obtained
<br /> - and maintained by �.rtgagor under �his Mortgage �and (i3) all
<br /> , requirernents of the �nsurers thereunder applicabTe to i�ortgagor
<br /> - . . . . or to any of' �tte Mortgaged• Property or tc the use, �ann�r of use,
<br /> ; occupancy;;;g��session, operation, maintenance, alterat�mn or � � °
<br /> � � -;�. �` � repair o£ any of �he Real Estate. If Mortgagcr shall use, or
<br /> � i � = permit to be uset3, any of the Mortgagec7 FrQperty• in any manner
<br /> whizh woulcl permwt the irisurer to caacel �ny iastirance policy and
<br /> _ " if the insure� issues a notice to Mortgagor indicating that such
<br /> : . : f.n�urance pol�.cy� has been or will he caa�ZZed, Mortgagor
<br /> 3.rnrnrnediately shall olotain a substitute pa?.icy nat unsatisfact�ty
<br /> _ to Mt��tgagee to be effective at or prior �a the time of any such
<br /> — . cancellati�n�. �
<br /> (e� If the Improvements, r�� anp part ��i�reof, � � . ;
<br /> ; shall ke destroyed or damagefl by fire or any o�h�r casualt y, ..
<br /> �" � w he t her i nsu�ea or uninsured, Mortgagor shall premptly give �
<br /> written noti�e thereof to Mortgagee and [�c�rtgagee shal� have the �
<br /> right to jai� Mortgagor in a3�usting any loss ia exeess of Ten
<br /> Theusand Dollars ($10,000.00) . All proceeds of the insurance � -
<br /> polices required und�r this Article 6 shall be paid to �:artgagee • `•',
<br /> to b� paid ovQr, wholly or in part, for any one or mor� c�f the �
<br /> following ��.�poses: ti) in the event that the Tenant r� not • -°
<br /> required by the provisions of the Lease to repair or re�,uild the � -
<br /> Zmprovements, such procee8s shall be applied to the prepayment ��
<br /> _ (without premium or penalty) , in whole or in part, of the Note
<br /> and any remaining proceeds shall be applied to the payct�ant, in � �
<br /> whole or in �art, of any other amounts due under this t��=tgage or ,
<br /> the Other �.greements; or (ii) in the event that the Tenaat is #
<br /> requl�ed by the provlsions of the Lease to repair or rebuild tii� �, ,
<br /> Impr��eements, such proceeds shall be applied to the reia�bursem+�nt
<br /> of tl2e Tenant for expense�. incurred by it !n the rebuild�.ng or �,?;
<br /> repair of the Mortgaged Praperty, anci any remaining proceeds �'`'
<br /> shall be applied tQ the prepayment (withaut premium or penalty� •
<br /> af the Note. If, ati the time of a termination of the Lease �
<br /> — „ �, resulting from a fire or casualty, the Tenant is self-insuring
<br /> against the� r.isks of fire or casualty, Mortgagor hereby
<br /> irrevocabl�� c�irects the Tenant to pay all amounts due from the
<br /> Tenant purs�ant to the Lease �in lieu of insurance proceeds)
<br /> -- directly to Mortgagee and which amounts shall be applied by
<br /> - Mortgagee �n accvrc3ance with the provisions of item �i) of the
<br /> immeaiateZy preceding sentence. in the event any insurance
<br /> i � proceeds are appliec] to rebuilding or repair of the Mortgagec3
<br /> Property, Mortgagor shall perform and vbserve, or cause to be
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