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<br /> KTV-156 1l23/90 (52Y) Grand Island. NE -
<br /> �:;.. .
<br /> � � � go--- �.o Q 6 3� _ _
<br /> d�.stress warrant, or are levied upon, or c�me within the
<br /> � possessfon of any receiver, trustee, custodian or assignee for
<br /> the i�enefit df creditors aad the same is not terminated� or
<br /> d3smissed wi.thfn thirty (30) 8ays thereafter; or
<br /> � ' (iy if. a getiti�r� �ader aay section or chagter of
<br /> fi.�e United States Hankruptcy� C;c�� or any similar Iaw o�
<br /> regulation s�I3. be filed by Mortgagor or ff M�rtgagor. ��all make
<br /> an assignment for th� aenefit of its credi�ors or if any case or �
<br /> procee8ing �s f13Led h� Mortgagor f�r. its dfs�cs�ut�€vn or
<br /> � �3:iquidation; or � � .
<br /> � �j � �f Mortga�or is �,j oineci, res��,�ined or in �
<br /> . any wa�� �prevented by ��nrt order fz�, conducting �s�:�� or any : .
<br /> � materiai part cf its business affa�.rs or if a pe���Lan �der any ,
<br /> section or chag��er of tne �t��.teci States Ba�kruptc�._'�e�e �r any . . � .
<br /> similar law ar �egula�.��si� �.� filec3 agains� �rtg�-����ar i� any ,
<br /> case or proceeding 2.� ii3ed against Mortga��; fe� :.�.�.s dissolutic�� •
<br /> or liquidation,and such injunction.� �restra#��� s�r ��ition is na� ` ;
<br /> . dismissed or �tayec] withi� thirty ,3�J) da�-� �a�i�t .:he eaw.� ar � �
<br /> filing therea�r. or , , .";
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<br /> (k) if an ap���cati.a�a. is macle by i��:�.*tgagar �vr ' : :
<br /> - the apg�intment of a receivero trustee or custo�iian for the Real �
<br /> Estate or aay other of Mortgagor's assets; or , .L�
<br /> � �1� if an application is made by any person or �
<br /> entity other than Mortgagor for the appointment of a receiver,
<br /> trustee or custodian for the Real Estate or any other of ' tl'
<br /> Mortgngor's assets and the same is not dismissed within thirty _
<br /> � 30) d�ays after the application therefor; �-
<br /> _� (m) the occurrence �.f any "Ev�nt af Default" �'�
<br /> under the provisions of that certa#� Guaranty of ��en date
<br /> herewith, made by Del-val Fin$ncta� Corporation far the benefit
<br /> of Mortgagee; or
<br /> �n) the occurrence �f any event aF default `�
<br /> � (including the expiration of any applicab2�e grace and/or notice ,�- s��
<br /> period) under the Lease; or �r�`"�""�
<br /> �
<br /> ± . t��;,
<br /> � �a) i~�he occurrence c�f any de�a�slr �.:nder the ' � �
<br /> Secon� Note or the S'�cond Mortgage, and such 3efa�.�lt shall not ;,,�;;,'
<br /> ht+ve been �ure8 within any applicab2e gra�s and/or notice peri.od. �:..:::.
<br /> 17. Remedies. Upon the occurrence o£ any Even� of �
<br /> _ DeEa�L� hereunder;t��gagee, by written notice g�.���en to
<br /> .•��• Mortgagor, may, at its option, declare the indebtedness and all
<br /> � - amounts owing uncier this Mortg�ge to be irronediate].y due and
<br /> payable, and upon such declaration the Indebtedness and all
<br /> amounts owing under t�is Mortgage shall become ari� be ic�nediately
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