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200411012 In case of the Mortgagor's failure to pay taxes or assessments before the same become delinquent or pay insurance premiums for insurance on said buildings, said Mortgagee, or assignee, may do so, and the amounts so paid, with interest at Seven and One -Half percent (7.5 %) from date of payment, shall be added to and deemed a part of the money secured by this Mortgage. Mortgagor hereby relinquishes all rights of homestead and warrants that it is the owner in fee of said premises, and that the same are free from encumbrances. In case of default in the payment of the principal sum of money, or any part thereof, or interest thereon at the time specified for payment thereof, or in the case of non - payment of any taxes, assessments, or insurance as required, or of breach of any covenant or agreement contained in this mortgage, then, the total debt, principal and interest, shall at the option of the holder of the mortgage, immediately become due and payable, upon twenty days notice to the Mortgagor, and this MORTGAGE may be foreclosed, as provided in this chapter. In the case of foreclosure, the holder of this mortgage shall recover reasonable attorney fees and actual disbursements necessarily incurred. In the case of foreclosure, the holder of this mortgage is authorized to appoint a receiver to take possession of the mortgaged premises if the premises are abandoned, or to have a receiver appointed by the circuit court upon sufficient proof being established therefor. In case of foreclosure by action, and in accordance with the laws of the State of Nebraska, the holder of the certificate of sale may apply to the court for a reduction of the redemption period if the property has been abandoned by the Mortgagor. As additional security hereunder, the Mortgagor hereby assigns to the Mortgagee the rents of the property, provided that the Mortgagor shall have the right, prior to default or abandonment of the property, to collect and retain such rents as they become due and payable. The assignment of rents shall be effective until the payment of all money secured by this mortgage, or in the event of foreclosure, until the period of redemption expires. Regardless of the extinguishment of the debt by a foreclosure sale, this benefit shall continue for the benefit of the purchaser at such sale. Upon request of the Mortgagor, Mortgagee, at Mortgagee's option prior to release of this mortgage, may make future advances to the Mortgagor. Such future advances, with interest thereon, shall be secured by this mortgage when evidenced by promissory notes stating that said notes are secured hereby. In the case of foreclosure, the Mortgagor shall pay to the holder of this mortgage the difference between the net proceeds of sale, if less than the total debt due. If the mortgaged premises are sold without the prior consent of the Mortgagee, the entire balance owing may at the option of the Mortgagee be declared immediately due and