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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 . 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 foreclose, the holder of this mortgage shall be entitled to the appointment of a Receiver of the rents•and profits of the mortgaged;:prgmises 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 additional. security for ply the payment of the indebtedness secured by this. mortgage, without regard to the value of the mortgaged premises or;;the solvency vv of any person or on I liable for the payment of the mortgage indebtedness. The mortgagor; for itself and any subsequent owner, hereby waives any and all defenses to the application for the appointment of a Receiver, as above, and.heieby 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 (he rights, privileges. priorities, and equities of any lienholder whose lien may have been dischargersfrom.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 he set our hands and seal, the day and year first above written. . In the presence of: .............. ��.. .C-�..... w.-...1-..-.- .. .................... - STATE OF NEBRASKA. .Hall... County,I u On this ........?S. A�..`day of February • 1975••• before me, the undersigned, a Notary Public, in and for said County, personally canre..Howar-d...1....Hoes ... and ... Violet... 11.....HoQ s...............................................................................................I....... personally known to me to be the identical pera affixed Whose names are axed to the above. and foregoing instrument, as mortgagors, and each acknowledged said instrument to be ..s or. her voluntary act and deed. d and notarial seal at..................Grand...Island,... Nebraska ....................:'..................................................... Witness my han the date last above written. RICHARD H. MATTKE General Notary State of Ne6r. .?,...................••-••�••V•..� �1�`�k4-............ My Commission Expires otary Public. c September 201 1977 My commission expires........................ ................................................ STATEOF....... ..... .:............. ; County................ •- ---------------- Entered on numerical index and filed for record in the Register of Deeds Office of said County the .......-.....day of............... ... •-•-- ••••...... 19..75 at..--/.-o.....O'clock and ....... - .7..... minutes .....�i...M, � ......... and recorded in . Book ............ of Mortgages at page --•-•-•• .-"'- .....................:................ Reg. of Deeds By............................................................ .............Deputy When. recorded to be returned to the