200304979 - Laserfiche WebLink

Browse

200304979 6. Default and Assi>znment of Rents. Time is of the essence hereof and, upon MORTGAGOR's default in any covenant or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the MORTGAGEE shall be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage to be immediately due and payable and may commence foreclosure of this Mortgage by judicial proceedings, and provided further that, upon such default, the MORTGAGEE, or a receiver appointed by a court, may at its option and without regard to the adequacy of the security, enter upon and take possession of the Poperty and collect the rents, issues and profits of the Property and then upon the indebtedness secured by this Mortgage, said rents, issues and profits being assigned to the MORTGAGEE as further security for the payment of the indebtedness secured hereby. 7. Miscellaneous Provisions a. Any forbearance in exercising any right or remedy shall not be a waiver thereof. b. All remedies provided herein are distinct and cumulative to any other right afforded by law or equity and may be exercised concurrently, independently or successively. C. The covenants and agreements contained herein shall bind, and the right inure to, the respective successors and assigns of the MORTGAGOR and the MORTGAGEE. d. All covenants and agreements of the MORTGAGOR and joint and several. e. The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to interpret or define the provisions hereof. f. This Mortgage may not be assigned by MORTGAGOR without the written consent of MORTGAGEE. Release. Upon payment of all sums secured by this Mortgage, MORTGAGEE shall discharge this Mortgage and shall execute and deliver a satisfactory release therefore. IN WITNESS WHEREOF, MORTGAGOR has executed this Mortgage on the , � / — day of r/ Le 6L"Z , 20 0, . Mortgagor r Mortgagor STATE OF NEBRASKA ) )SS: COUNTY OF t L On this _ day of �� u 6 l� , 20 C'- , before me, the undersigned, a notary , ublic duly commissio ed and qualified for and in said County, personally came C' e,, % T ,, +reel ° e to me known to be the identical P&sons whose names are affixed to the foregoing document and acknowledged the execution thereof to be their voluntary act and deed. Witness my hand and notarial seal the day and year above Notary NOTARY • State of Nebmb A)DYA. HUQHE3 F Carne. Eq. Feb. 9, 2006 1_ i EQUAL MOUSING OPPORTUNITY