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<br />If there• shall be any default in any of the terms, conditions or covenants of this mortgage or the note 'secured hereby, .
<br />then any sums owing by the mortgagor to the mortgagee shall,; at the option of ;the mortgagee, become immediately due and
<br />payable. The mortgagee, or any; holder of this note and the indebtedness securedhereby; shall; then have the right to enter into
<br />the possession of the mortgaged: premises and collect the rents, issues and profits thereof. Iii any action to foreclose, the holder
<br />of this mortgage•shall be entitled; to the appointrnent.of a Receiver of the rents and profits of the mortgaged premises as a matter
<br />of right, and without notice, with power to collect the rents, issues and profits of the mortgaged premises becoming due during
<br />the pendency of any foreclosure suit; such rents and profits being hereby expressly' assigned and. pledged as additional security for
<br />the payment of the indebtedness. secured by this mortgage, without regard to the value of the mortgaged premises or the, solvency
<br />of any person or persons liable for the payment of the mortgage indebtedness. The''mortgagor, for itself and any subsequent owner,
<br />hereby waives any and all defenses to the application for the appointment of a Receiver, as above, and hereby specifically consents
<br />to such appointment without notice. The provision for the appointment of a Receiver of the rents and profits and the assignment
<br />of such rents and profits is made an express condition upon which the loan hereby.'secured is made.
<br />All payments made under the provisions of this mortgage or the note hereby, secured, which maybe construed as' interest,
<br />shall not, in the aggregate over•tlie term thereof, exceed the rate that may now be lawfully contracted for in writing.
<br />The Mortgagee shall be'subrogated to all of the rights, privileges, priorities: and equities`of any lienholder whose lien may
<br />-have been discharged from the proceeds of this loan, or by any funds hereby pail or .furnished by the Mortgagee.
<br />In this instrument the singular includes the plural and the masculine includes the feminine and the neuter and this .in-
<br />strument shall be binding upon the undersigned, his heirs, persori3l rep resentatives,i,successors and assigns.
<br />i
<br />IN WITNESS WHEREOF, we have hereunto set our hands and seal, the day and year first above written.
<br />'In the presence of:
<br />t .......!•.y
<br />f v,
<br />.......... // ........ .......
<br />�j
<br />STATE OF NEBRASKA
<br />f
<br />HALL.. .......... County,
<br />On this .......... day of ........ August................. 1975.... before me, the; undersigned' a Notary Public, in and for said
<br />Robert K McFarland, and Maxcia.'A, McFarland,; Husband and t+rife,:'each in his and
<br />t
<br />personally known to me to be the identical ers whose names are affixed to the er •
<br />County, personally
<br />y g g foregoing instrument; as mortgagors,
<br />• I and
<br />undneach 'acknowledged said instrument to be•and..as...s cruse-..o�..•each-•othl 1
<br />above
<br />.is or her voluntary act and deed.'
<br />Witness my hand and notarial seal at .......... :..... Grand•••1sland.,-:-Nebraska .....................
<br />the date last above written. ;
<br />QCCiStTlciC1 ,,.. . �.,.. r.�.. ........ .... .........
<br />-J� G
<br />O�;y;�2RL ,lOi; "lAr Notary Public.
<br />My commission expires...
<br />... ,.....................
<br />April 9, 1977
<br />;j
<br />STATE OF. - Cufti�Ct�.... .........:.
<br />County ........ Gr.�f.........
<br />..................� ss.
<br />.-
<br />Entered on num24�c
<br />cal index and filed for record in the Register. of Deeds Office of said County the
<br />^� / S at.......�a. o cloc
<br />�ri�l..day of : G�t G/� ......, 19.� , .... ' k and- o5d...minutes'::....M,.
<br />and recorded in Book.....--/ j,�.... :.....of Mortgages at page. /.. .:...., A
<br />•---........... .......
<br />Reg. of Deeds
<br />:-..... - .................. .....:...Deputy
<br />When, recorded to be returned to the : ;
<br />
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