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<br /> ("" (cD should the Pr�nises be� subject to actual or ,• � � .
<br /> threatened wasts, or any part thereof be remaved, �demol�shed or
<br /> materiallp alte�ed so that: the value of the Premises be �
<br /> diminished egcept as pxovided for in Article 6 herei.u; � •
<br /> � (d) should any federal tau lien or c�aitn of Iien
<br /> for labor or material be fsled of record aqainst Horro�er or
<br /> . the Premises an.d aot be removed by payment or bond within � ' � "
<br /> ° , thirty f��� days €rom the date af recordinq; .
<br /> " (e) should aay claim of priority.to this �
<br /> mortqaqe Isy title, lien or ot&erwise be�$sserted in any legal �
<br /> ,, .
<br /> or equitable proceediag;
<br /> ...:..��::. ; . • �.
<br /> : �:: ` (�) shauld Borrower make ang assignmeat £or,t�e ,
<br /> :;�,?,<...-�- - -- --
<br /> - --
<br /> --
<br /> benefit s�f credi�ors, or shou�d a r�ce�ver, Iiquidato� or �
<br /> � trustee.��.Horror�er or,':of any of Bor�m�'s pr.ogert�a be �, . � .
<br /> appointe6t, or should ainy` petition for'��e baakruptcp, . � .. � .
<br /> � reorgaaization or arranqement of Borrower, p�rsuant to the . .
<br /> r;-�.�;'�-
<br /> Eederal Hankru�tep Act or aay similar statute, be filed, or , .
<br /> :�
<br /> ,_. .
<br /> ,;.... . , .
<br /> � s�ould eorrower�be ad�udi.cated a .bankrupt _or znso v�a , or . -
<br /> � should Borrower in any proceedinq admit his insolvea�cy or � �
<br /> . . inability to pay his debts as they fal l due or sho�:�m-�Horrower, - . . .
<br />;; . if a corporatioa, be Iiquidated or dissolved az its articles o� • _
<br /> ° ... � incorporation expire er be revoked, or, if a ��tnersh�p or
<br /> � business association, be diss�Ived or partitioned, or, iE a � � ' �
<br /> trust, be terminatad or expire; , � . . - f �
<br /> � (q) should Borr��aer fail to keep, observe, � , � ;_...-.`,
<br /> ' per£orm, carry aut and execute in every particular the , i_;{,
<br /> covenants, agreements, obligations and conditions set �out in .. � �
<br /> . this mortgage, ar in the Note, or in any other documeat or � j �=-
<br /> � instrument given in connection with the Secured Indebtedness;
<br /> . ' {h) �hou3d a�� eveat oact�r under any instruateat. .,
<br /> mortgaqe �r agreement, given� or made by Borrower to or with any � �y.'�
<br /> third party, which would authorize the acceleration of any deb�t_
<br /> to any such third party, the acceleration af which would
<br /> , materially affect Horrower's ability to pay when due any
<br /> amounts owed to Lender; . j
<br /> ..
<br /> (i) should all or any part of the Premises or an '
<br /> interest therein, or any leases thereof, be. sold, t�ansferred �' ��
<br /> or assigned by eorrower without Lender's prior written consent; ' t:�'�;
<br /> or , � i �,:
<br /> � � (j) should Horruwer default in the performance �
<br /> . o�r observance of any covenant, agreement, condition or :-
<br /> . obligatian set £orth in aay dvcument or instrument evidencing
<br /> or secusinq any indebteda�ess now or hereafter owing from Lender
<br /> - - --�-- --�- to Harrawer other than the Secured Indebtedness, -�iacluding, but__........._._.._..__.._._
<br /> , �without limiting the geaeralit� of the foreq�ing, those certain
<br /> notes described in the following Real Estat� Mortqages:
<br /> ,
<br /> (i) Real Estate Mortqaqe from Horrm�cer to Lender ,
<br /> dated April 3, 1990, reCOrded in Adarns Co�nty, �
<br /> � Nebraska records; and
<br /> , . � (i i) Real� Estate Mortgage f ro:� Borrawer to ' - `�- -
<br /> ` Lender dated Apr31 3, 1990; recorded in Bu€falo ' �
<br /> ' Co���, Nebraska recards. '
<br /> � . . ,
<br /> -- - - 4. F.EMEaIE& OF LE�IDER. . If an Event of Default . _. _
<br /> occurs, Lender may do any oae or more of the following:
<br /> � � . (a} with or without taking possession of �
<br /> � ' Premises receive.the rents, products, proceeds, incame. �issues� �R
<br /> � or profits o€ the Premises and apply .the same, after payment of �c�
<br /> r' �
<br /> . },,:.. _
<br />,.
<br /> ... _ . - .� -- . . . .. . . .
<br /> 557flL50'� • .� �
<br />
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