168-692 - Laserfiche WebLink

Browse

NON-UNIFORM COVENANTS. Mortgagor and Mortgagee further covenant and agree as follows: 15. Acceleration; Remedies. Upon Mortgagor's breach of any covenant or agreement of Mortgagor in this Mortgage, including the covenants to pay when due any sums secured by this Mortgage, Mortgagee prior to acceleration, shall malt notice to Mortgagor as provided in paragraph 12 hereof specifying; ( 1.) the breach; (2) the action required to cure such breach; (3) a date, not less than thirty days from the date the notice is mailed to Mortgagor, by which such breach must be cured; and (4) that failure to cure such breach on or before the date specified in the notice may result in acceleration of'the sums secured.by this Mortgage and sale of the Property. If the breach is not cured on or before the date specified in the. notice, Mortgagee at Mortgagee's option may declare all of the sums secured by this Mortgage to be immediately due and payable,without further demand and may foreclose this Mortgage by judicial proceeding. Mortgagee shall be entitled to collect in such proceeding all expenses of foreclosure, including, but not limited to, attorney's fees permitted by rules of court or applicable law and costs of documentary evidence, abstracts and title reports to the extent permitted by applicable law., 16. Mortgagor's Right to Reinstate. Notwithstanding Mortgagee's acceleration of the sums secured by this,Mortgage, Mortgagor shall have the right to have any proceedings begun by Mortgagee to enforce this Mortgage discontinued at any time prior to entry of a judgment enforcing this Mortgage if; (a) Mortgagor pays -Mortgagee all sums which would be then due under this Mortgage •(the Note and the Agreement) had no acceleration occurred; (b) Mortgagor cures all breaches of. any other covenants or agreements of Mortgagor '(in enforcing in'this Mortgage and the Agreement) (c) Mortgagor pays all reasonable expenses incurred by Mortgagee in enforcing the covenants and agreements of Mortgagor contained in this Mortgage and in enforcing Mortgagee's remedies as provided in paragraph 15 hereof, including, but not limited .to, reasonable attorney's fees to the extent permitted by applicable law; and (d) Mortgagor takes such action as Mortgagee may reasonably require to assure that the lien of this Mortgage, Mortgagee's interest in the Property and Mortgagor's obligation to pay the •sums secured by this Mortgage shall continue unimpaired. Upon such payment and cure by Mortgagor, this Mortgage and the obligations secured hereby shall remain in full force and effect as if no acceleration had occurred-. 17. (Assignment of Rents; Appointment of Receiver) . As additional security hereunder, Mortgagor hereby . assigns to Mortgagee the rents of the Property, provided that Mortgagor shall, prior to acceleration under paragraph 15 hereof or abandonment of the Property, have the right to collect and retain such rents as they become due and pa ya bl e. 18. Release. Upon payment of all sums by this Mortgage, Mortgagee shall discharge this Mortgage without charge to Mortgagor. Mortgagor shall pay all costs of recordation, if any. 19. Waiver of Homestead. Mortgagor hereby waives all right of homestead exemption in the Property. i IN WITNESS WHEREOF, Mortgagor has executed this Mortgage. Witnesses: �tMortg go r OHN G ' S Y JR. • Mortgagor CAROL; L. SEYIVI0 Rost a #30.Box IAQB-1, Lot 9 Grand Island, Nebraska 68801 1 mailing address of mortgagor State of,Nebraska;�County.ot ` L ss: On iFjis� = day of 19 ,before me, the undersigned, a Notary Pu cin and for said Cqu ty,,'personally carni e our, OI'ln Carol. personally known to me t -the identi6lApersons whose names are affixed to the above and foregoing instrument as mortgagors, and each knowledged;sa1 inrument to be.his or her voluntary act and deed. Witness my, handsta U!?r�otarial seal at the date last above, written. - y�Commjssion exprires: �r Notar ub is 3l\� RIS-NEBv