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by t.e note) to................................................�.: (i) that if the Mortgaged Property or any portion, thereof shall be taken or damaged
<br />under the power of eminent domain, the award for any property so taken or damaged (including: severance damages to the remaining
<br />premiss) shall be paid to the Mortgagee and applied in full or in part at the option of the Mortgagee in reduction -of the indebted-
<br />ness hereby secured; (j) that the Mortgagee shall have the right to inspect the Mortgaged Property at such reasonble times as the
<br />V Mortgagee may desire to determine the Mortgagor's compliance with the covenants contained in this Mortgage; (k) that the Mortgagee
<br />(� may release from the -lien hereof any part of the .above-described real property without requiring. any consideration. therefor, and (1)
<br />G that he is lawfully -seized of said premises in feesimple, that the same are free from encumbrances except as may otherwise be spe-
<br />cifically noted herein or waived in writing by the Mortgagee, thathe will execute or procure any further necessary assurances of title
<br />and does hereby warrant generally the title to said premises -and will forever defend the same against the claims and demands of all
<br />persons whomsoever, and that his separate estate, whether vested, contingent or in expectancy, is hereby conveyed and he does hereby
<br />expressly waive, release and relinquish all rights and benefits of any homestead, dower, curtesy, appraisement, exemption and stay
<br />laws of this state. It is agreed that the interest provided for in sub -section (g) above shall be 30% per annum or.the highest lawful
<br />rate permitted by contract under applicable law, whichever is lesser. 12%
<br />SECOND: That if the Mortgagor shall default in the payment of the Note or in the performance of any of the covenants or agree-
<br />ments herein or in the Note or in any agreement collateral hereto contained, or if the then owner of the Mortgaged Property shall make
<br />an assignment for the benefit of creditors or shall file a petition for relief under the Bankruptcy Act of 1898, as amended, or under any
<br />similar statute, or shall be adjudicated bankrupt or insolvent, or if any receiver, liquidator or trustee shall be appointed for such then
<br />owner or any of his property, then in such event, the entire indebtedness hereby secured shall, at the option of the Mortgagee and with-
<br />out notice to the Mortgagor, be due and collectible'at once by judicial foreclosure proceedings or as otherwise provided by law, or, when
<br />available under applicable statutes or rules of practice, by advertisement and sale, and in such an event this provision shall be deemed as
<br />authorizing and constituting a power of sale as mentioned in said statutes or rules; that in addition to the rights and remedies herein, the
<br />Mortgagee is hereby authorized and empowered at its option to exercise forthwith and fFom time to time any further rights and remedies
<br />available to the Mortgagee under the laws of the state wherein the Mortgaged Property is situate, such as the right to collect the rents,
<br />issues and profits, or to have a receiver appointed to collect the same:
<br />THIRD: The following schedule(s) is (are) annexed hereto and made a part hereof (if no entry, this section;is inapplicable)
<br />............................................................................................:...............:............................:....................................................................................
<br />FOURTH: That the covenants herein contained shall bind, and the benefits and advantages thereof shall -inure to the respective
<br />heirs, executors, administrators, successors, and assigns of the parties hereto. In this Mortgage unless the•context otherwise requires words
<br />in the singdla'e'h'itmber include the plural and in the plural include the singular, and words in the masculine gender include the feminine
<br />and,tlivtckerr -i
<br />ti
<br />L - - -
<br />�r IN iWITNE�S ;V JiiiEOF, each of the undersigned has signed, sealed and delivered this Mortgage as of the day,.month and year
<br />first' bavelvvr
<br />Valhal a Ran I c ,
<br />Witnesses`.. �. 1 r ......... By . ... ' • fir—'. (Seal)
<br />..... ..... . ... ....
<br />Dean R. Ericic on, President's
<br />._ .Sal
<br />`- STATE OF NEBRASKA )
<br />SS...............................................................................................(Seal) '
<br />' ! HALL COUNTY )
<br />.............................................. ............(Seal)
<br />I, %l wr, a notary public in and for said county
<br />and state, do certify that on this / day of March, 1975, personally.'
<br />came Dean R. Erickson, President of Valhalla Ranch, Inc'., a Nebraska cor-
<br />poration,. to me personally known to be the President and identical person
<br />whose name is affixed to the foregoing instrument and acknowledged the
<br />execution thereof to be his voluntary act and deed as such officer -and the
<br />voluntary•,. act and deed of the'said Valhalla Ranch, Inc., and that the cor-
<br />po�#-9_ : seal'of the said Valhalla Ranch, Inc., was thereto affixed .by its
<br />-
<br />;.Giveii under�'my 'hand and official seal the day and year in this certi-
<br />f,.+r Ee �first';above :written.
<br />N"tary Public
<br />My commission 'expires:
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