Laserfiche WebLink
<br />I <br /> <br />87- 107118 <br /> <br />all other taxes, levies and assessments levied upon this Mortgage <br />and the Promissory Note which this Mortgage is given to secure <br />before payment is delinquent. If Mortgagors fail to pay the real <br />estate taxes or special assessments before delinquent, Mortgagees <br />may pay the real estate taxes and special assessments, or pay any <br />other liens Mortgagors permit to be made against the real estate, <br />and Mortgagees are given a lien secured by this Mortgage for the <br />amounts advanced by them together with interest at the highest <br />legal rate. <br /> <br />Mortgagors agree to insure and keep insured the improvements <br />on the real estate for protection against fire and other <br />casualties in a sum of at least the unpaid balance of principal <br />of the Promissory Note and to carry the insurance with a <br />responsible insurance company duly licensed to do business in <br />Nebraska. The insurance policy is to be endorsed with a mortgage <br />clause with loss payable to Mortgagors and Mortgagees, as their <br />interests appear. Insurance proceeds received may be used to pay <br />for reconstruction of the destroyed improvements or, if not <br />applied for this purpose, may, at the option of the Mortgagees, <br />be. applied in payment of all or part of the unpaid <br />indebtedness secured by this Mortgage. I f Mortgagors fail to <br />carry the insurance required by this paragraph, Mortgagees may <br />purchase the insurance and are given a lien secured by this <br />Mortgage for the amounts advanced for payment of insurance <br />premiums with interest at the highest legal rate. Mortgagors are <br />to furnish Mortgagees a certificate from the insurance company <br />insuring the improvements on the real estate for evidencing <br />Mortgagors have acquired the insurance to be carried on the <br />improvements on the real estate, the certificate to contain a <br />clause the insurance policy cannot be cancelled without at least <br />thirty (30) days' prior written notice to Mortgagees. <br /> <br />If Mortgagors default in making payment of any monthly <br />installment of ONE HUNDRED SIXTY AND 69/100 DOLLARS ($160.69) for <br />a period of more than thirty (30) days, or fail to perform any of <br />the other duties and obligations of Mortgagors under this <br />Mortgage, Mortgagees, at Mortgagees' election, may declare the <br />entire indebtedness secured by this Mortgage due and payable at <br />once, and foreclose this Mortgage for the satisfaction of the <br />total amount due. <br /> <br />If the Mortgagees bring an action to foreclose this <br />Mortgage, the court may appoint a receiver to take possession of <br />the real estate, as provided by law. <br /> <br />Any failure or delay of Mortgagees to exercise any of <br />Mortgagees' rights or privileges under this Mortgage shall not be <br />construed as a waiver of such right or privilege. Any act of <br />Mortgagees waiving any spec~fic default of Mortgagors shall not <br />be construed as a wa~ver of any future defaults. <br /> <br />L <br /> <br />L <br /> <br />L <br /> <br />2 <br /> <br />-.J <br /> <br /> <br /> <br />,---- <br /> <br />,.1 <br />t:. <br /> <br /> <br />-.1 <br />