Laserfiche WebLink
20010573! <br />mortgage due and collectible or not), may, but need not, effect such insurance, effect <br />such repairs, pay such taxes and special assessments, and all such payments, together <br />with interest thereon at the highest legal rate applicable, from time of payment shall <br />be a further lien against the property. <br />5. ACCELERATION AND RECEIVERSHIP. If default shall be made in the <br />payment of the Note, or any part of the interest thereon, or any other advance or <br />obligation which may be secured hereby, such as taxes, special assessments, <br />insurance and repairs, or if Mortgagor shall suffer or commit waste on or to the <br />property, or if there shall be a failure to comply with any and every condition of this <br />Mortgage, then, at the option of the Mortgagee, the Note and -the whole of the <br />indebtedness secured by this Mortgage, including all payments for taxes, assessments, <br />repairs or insurance premiums, shall become due and shall become collectible at once <br />by foreclosure or otherwise after such default or failure, and without notice of such <br />default. At any time after the commencement of an action in foreclosure, or during <br />the period of redemption, the Mortgagee shall have the right to have a receiver <br />appointed to take immediate possession of the property and of the rents and profits <br />accruing therefrom, and to rent the same as the Receiver may deem best for the <br />interest of all parties concerned. <br />6. MISCELLANEOUS. The term "Mortgagor" and "Mortgagee" as used <br />herein, includes successors in interest. This Mortgage shall be construed in <br />accordance with the laws of the State of Nebraska. Each party signatory to this <br />Mortgage hereby releases, waives, and relinquishes any dower, homestead, or <br />statutory interest in the property or any part thereof and waives, to the extent <br />permitted by law, any rights of redemption in or as to the property. <br />This Mortgage shall become void and the Mortgagor entitled to a release in <br />recordable form upon full payment of the Note, including any accrued interest, and all <br />other payments made by the Mortgagee and secured by this Mortgage. <br />This Mortgagor has executed this Mortgage as of the day and year first above <br />written. <br />Richard Merle Stewart <br />STATE OF NEBRASKA ► <br />ss. <br />COUNTY OF HALL ) <br />The foregoing instrument was acknowledged before me this 1� day of <br />Q,601 , by Richard Merle Stewart. <br />Notary P lic <br />E I GENERAL NOTARY -State of Nebraska <br />II PEGGY J. RYAN <br />My Comm. Exp. 7 -q -20uq <br />2 <br />