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<br />7. If all or any part of the property is sold or transferred
<br />without the express written consent of the Mortgagee,Mortgagee may at
<br />its sole option, declare all sums secured by this Mortgage to be
<br />immediately due and payable.
<br />
<br />
<br />
<br />6. Time is the essence hereof, and upon Mortgagorls default in
<br />any conr~~~ ijriagr~*.i,ent of this Mortgage, including covenants to pay
<br />when due 'tile' Bums secured by this Mortgage, the. Mortgagee shall be
<br />entitled, at its sole option and without notice, to d~clare all sums
<br />secured by this Mortga,ge to be immediately due, and;'Payableand may
<br />commence foreclosure of thi,s ,Mortga.ge,byj\:l.dic:ml proceedi,ngsj and,
<br />providedE,further, that 'upon.,such ,default: ttie'MC)rt~~g,ee{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 first to the co!>tof collecltion 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 for the
<br />payment of the indebtedness secured hereby. \,
<br />
<br />8. Any forbearance in exercising any right or remedy shall not be
<br />a waiver thereof.
<br />
<br />9. All remedies provided herein are distinct and cumulative to
<br />any other right afforded by law or equity, and may be exercised
<br />concurrently, independently or successively.
<br />
<br />10. The convenants and agreements contained herein shall bind, and
<br />all rights inure tOI the respective successors Ilnd assigns of the
<br />Mortgagor and the Mortgagee.
<br />
<br />11. All convenants and agreements of the Mortgagor and the
<br />Mortgagee are joint and several.
<br />
<br />12. Upon payment of all sums secured by this Mortgage, Mortgagee
<br />shall discharge this Mortgage and shall execute and deliver a
<br />satisfactory release therefor,
<br />
<br />IN WITNE~S WHEREOF, Mortgagor has executed this Mortgage on the ~
<br />day of .L..\'(. Ly ,1988.
<br />
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<br />
<br />~ ~ ROBERT J.
<br />
<br />~ ~~ S'rATE OF NEBRASKA, COUNTY OF ,~
<br />
<br />~ '~The foregoing instrument was acknowledged before me thisJu.L.'t119~
<br />,'"\ ~,bY ROBERT J. ALLAN, JR., and JANE R. ALLAN, husband and wife, and
<br />,~ \:t' ROBERT J. ALLAN, SR.
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<br />JOHN J. SroKMAN /1, -
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