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<br /> � KTV-156 1/23/9Q (521) Grand Island, NE .
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<br /> permitted, but each shall be ce2mulative anci shall be in addition
<br /> to every other remec3y given hereunder or now or hereafter
<br /> existing at law or ia equity or by statute. Every power or •
<br />- • remedy given tc Mortgagee or to which it may 6e otherwise
<br /> entitled, may be exercised, concurrently or independently, from
<br /> -- time to t3me an8 as often as may be 8eemed expedient by
<br /> Mortgagee. Zn no event shall Mortgagee, in the exercise of the
<br /> remedies provided in this Mortgage, be a��ea a "mortgagee in
<br /> , p�ssession," an8 Mortgagee shall not in any way be made liable
<br /> -- €��z aay act, either of commission or omissi�n, ia ce�nectt�m with -
<br /> , ,� , . �it�, exer�ise of such t�redies. �
<br /> . � ' � ��4. ��accessor Mc�r�aa,c€or. � the ���� .o��,ership Qf.� . .. . .
<br /> ' *.kc�. ��������e� ��operty or an�.r��itta� ��e��f �z��eomes vest� #..n. a
<br /> . _,�=�sc� a���:r:�r,�::�. the Mortg��:��. �ez�f;a �,; �rtgagee ma�a�. . .
<br /> — ?.�•;�� c�ithe�.� �a�ice L�a the Mortga�o� �er��,a ���r�„ �►�e#��x�r or A��
<br /> L�artgage� has g��en written c�,;�:�ent tx� :�sc�i ��g� � c�.���hip, � �
<br /> d�a.�. wlth su�h �ccessor or �r�essors in i�,i�,.��e�. +��th zeference
<br /> - �r� this Mortgage anc3 the Indeb�edness and in the sa:�.�� man.aer as
<br /> -� with Mortgagor herein named, without ia any way vitiating or
<br /> discharg3ng Mortg�gor�s liability hereunder or under �he �
<br /> Zndebtedness or in any way, by waiver vr otherwise, imp�iring or �
<br /> � affecting Mortgagee�s right to accelerate the Indebtedness. �
<br /> 25. Securit A reement Undor t�niform Commercial Code. ��
<br /> Zt is the inten ion an agreement o e parties ere o a this �
<br /> Mortgage shall constitute a Security Agreement within the meaning , -
<br /> of Article 9 of the Uniform Commercial Code of the state !n which '
<br /> the Real Estate is located (the "Code"a�, granting� to Mortgagee a � -
<br /> security interest in all components a€ the Mortgaged Property in ,
<br /> which a security interest may be creat�d gu�suant to the Code and
<br /> � the proceeds therefrorn. For purposes of the �ode, Mortgagor is a '�
<br /> "debtor" and Mar�gagee is a "secured garty. � Upon the occurrence
<br /> of an Event of Default under this t�sastga�ge, Mortgagee shall have
<br /> all rights an� remedies of a finana�.�r� state.rnent covering any of
<br /> the Moxtgtagea Property in the secordfs norma��y pertaining to f. .
<br /> �Sersonal prope�ty, all of the t�artgaged Prcp�rty, fos all � ��'�
<br /> purposes and in all prcceedings, legal or eq�ai�abZe� shall be
<br /> regarded, at Mortgagee�s option �to t�e extent germ::.�Eted by law) , .�:
<br /> � as part of the Real Estate whether or not any suc� i��em is � �� .
<br /> - physically atta�rred to the Real Estate or serial �umbers are use8 � �'"
<br /> _ for the better �dentification of certain iten�s. Td�e mention in
<br /> any such financing statement of any of the Mortgaged Proporty
<br /> shall never be construed as in any way derogating from or
<br /> impairing this declaration and it is the hereby stated int�ntion
<br /> of the parties that such mentio� in the financing statement i.s
<br /> - hereby declared to be for the protection of Mortgagee in the
<br /> event any court shall at any time hold that notice of Mortgagee�s
<br />� priority of interest, to be effective against any third part ,
<br /> incluc]ing the fedezal gvverriment and any authority or agencyy
<br /> thereof, must be filed in the Uniform Cammercial Code records. �
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