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I�If there shall bb 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 therents-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 additional 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 and 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 equitiesof 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 written. In the presence of: Cif..................................::.......................... % ... �. STATE OF NEBRASKA ' ss. ....:..................UAL .t......County, On this :.................a $thy of ....... :......... .. July........ 19 ... 7.5 before me, the undersigned, a Notary Public, in and for said Michael D. Gonzales and Cheryl K. Gonzales, Husband and wife, each in his and her County, personally. came ................own right, and as of...each of hex'.............................................:....., .......................... .... ............. .. personally known to me to be the identical pers • whose names are affixed to the above and foregoing instrument, as mortgagors, and each acknowledged said instrument to be .is or her voluntary act and deed. Witness my hand and notarial seal at ............................. Grand...1sland.,...Nebraska.................................................................. ... the date last above written. William Beckman ,.� GUNC—RAL NOTARIAL Notary Public. SEAL My commission expires ...................... ....... . COMMISSION GX?IAHS _ April 9, 1977 STATE OF.... .. Z4 .. .... County .......... CL:��.................................... ss. Entered.on num ric 1 index and.'filed for record in the Register of Deeds Office of said County the , 7% .day "Of ............ .-'u ....'.......... 19...15 , at ......... Z ..... o'clloe-k and ....... a0 .... minutes .... :..M,. and recorded in Book ............. /..U.. ........ of Mortgages at pal.:......:. .... ..... ....... Reg. of Deeds By.........................................;...............................Deputy When recorded to be returned to the