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<br />;. I" {}ft~'oTime,if;ii.:tre essence here~f, and upDn ~ortg~gor's default in
<br />'an'}' t:tln'V~antoragreement of thIS Hortgage, mcludmg covenants to pay
<br />when due the sums secured by this Mortgage, the Mortgagee shall be
<br />entitled, at its sole option and without notice, to declare all sums
<br />secured by this Hortgage to be immediately due ~nd payable and may
<br />commence foreclosure of this Mortgage .by judicial proceedihgs; and,
<br />provided further, that upon such default the Mortgage(!, or. a receiver
<br />appointed by a court., may at its option and without regard to the
<br />adequacy of the security, enter upon and take possession of the
<br />Property and collect the rents, issues and profits therefrom and apply"
<br />them firHt to the cost of collection and operation of the Property ,and
<br />then upon the indebtedness secured by this Mortgage,; said rents, issues
<br />and profits being assigned to the Mortgagee as further security rOF the
<br />payment of the indebtedness secured hereby.
<br />
<br />7. If all or any part of the property is sold or transferred
<br />without the express written consent of the Mortgagee, Hortgagee may at
<br />its sole option, declare all sums secured by this Hortgage to be
<br />immediately due and payable.
<br />
<br />8. Any fOl'bea.rancH in exercising any right or remedy shall not be
<br />Ii waiver thereof.
<br />
<br />9. All remedies provided herein are distinct and cumulative to
<br />any other right afforded by la.w 01' equity, and ma.y be exercised
<br />concurrently, independently or successively.
<br />
<br />10. The convenants and agreements contained herein shall bind, and
<br />all rights inure to, the respective BucceSSOl'S and assigns of the
<br />Mortlitagor and the Hortgagee.
<br />
<br />1 L All convenants and agreement.s of the Mortgagor and the
<br />Mortgagee are joint and sevp.ral.
<br />
<br />12. Upon payment of all sums secured by this Mortgage, Mort.gagee
<br />shall discharge this Mortgage and shall execute and deliver a
<br />- satisfactory relc.ise therefor.
<br />
<br />~\J, ~j IN WITNESS WHgHEO[~, ~1ortgagor has Mortgage on the .J,J),J-
<br />~.'~~ day of ..::(~ __, 1988.
<br />
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<br />
<br />'\. ~ . STATE 010' NEBRASKA, COUNTY OF _~~___ -'"
<br />
<br />The foregoing instrument was acknowledged before me this (ju-"<A..I. 19fJ{
<br />by TIMOTHY J. MOHANNA and LOUISE M. MOHANNA, husband and wife.
<br />
<br />
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