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!lop If there shall be any default in any of the terms, conditions or covenants of this mortgage'or the note secured hereby, then any sums owing by the mortgagor to the mortgagee shall, at the option of the -mortgagee, become immediately due :and O payable. The mortgagee, or any holder of this note and the indebtedness secured hereby, shall then have. the* right to enter into the possession of the mortgaged premises and collect the rents, issues and 'profits thereof. In any action to fore close, the holder of this in . ortgage shall he entitled to the appointment of a Receiver of the rents and profits of the mortgaged premises as a matter of right, and without notice, with power to collect the rents, issues and profits of the mortgaged premises becoming due during the pendency of any foreclosure suit; such rents and profits being hereby expressly assigned and• pledged as additi ' onal security for the payment of the indebtedness secured by this mortgage, Without regard to the value of the mortgaged premises or the solvency of any person or persons liable for the payment of the mortgage indebtedness. The mortgagor, for itself a ' nd any. subsequent owner, hereby waives any and all defenses to the application for the appointment of a Receiver, as above, and,hereby specifically consents to such appointment without notice. The provision for the appointment of a Receiver of the rents and profits and the assignment of such rents and profits is made an express condition upon which the loan hereby secured is made. All payments made under the provisions of this mortgage or the note hereby secured, Which may be construed as'interest, shall not, in the aggregate over -the term thereof, exceed the rate that may now be lawfully contracted for in writing. The Mortgagee shall be subrogated to all of the rights, privileges, priorities, and, equities of any lienholder whose lien may have- been discharged from the proceeds of this .loan, or by any funds hereby paid or furnished by the Mortgagee. In this instrument the singular includes the plural and the masculine includes the feminine and the neuter and this: in- strument shall be binding upon the undersigned, his heirs, personal representatives, successors and assigns. IN WITNESS WHEREOF, we have hereunto set our hands and seal, the day and year first above %Vr'tte In the presence of: �-a . ....... .... ...................... STATE OF NEBRASKA H-11 - I ........................... ...... ..... ...... . ...... . ........................................ County, On this ........... 10 ........ day of .... February .............. 19.7.5.. before me, the undersigned, a Notary Public,"in and for said .......... County, personally came.. Naiz.UT),..J....Gauthi.er ... and...Janize..L.....GautlizLer ....... .. personally known tome to be the identical pers - whose names are affixed.to the above and foregoing instrument . as mortgagors, and each acknowledged said instrument to be ;s or her voluntary act and deed. Grand Island, Nebraska Witnessmy band and notarial seal at ............................................................................................................................................................... the date last above written, William Beckman .......... ....................................... C;FNP-RAL NOTARIAL Notary Public STATE OF NEBRASKA My commission ekpires ..........................corrrai.. ....... April 9, 1977 STATE ................ SS. County. .................................. Entered on numerical index and filed for record in the Register of Deeds Office of said County the cif t-e..day 19.7,C", at...........// --.---o'clock ' and .......... 4?.� 0. ...... minutes........... AM,. and recorded -in Book.:... n ..... ........ of Mortgages at page...,0 ........... ........................ fi� ......... 1;�.�s ................ 9.of 5 By....... ................................................................. Deputy