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I II ~)~) ~ 1 i 6. Time is the easence hereof, and upon Mortgagor's defllult in any convenant or agreement e>f this Mortgage. including covenants to pay when due the sums aecured by this Mortgage. the Mortgagee shall be entitled, at its aole option and without notice, to declare all sums secured by this Mortgage to be iDmediately due and poynble and DBy CCJlllllOllCO foreclosure of. thia ilortge.ge by judicial proceedinga j 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 poa808sion of. the Property and collect the' rents, isauea a,>them first to the cost of collection and operation. of. the Property and then upon the indebtedneaa secured by this Mortgage j said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtednesa secured hereby, 7. If all or any part of the property i:a sold or transferred without the express written consent of the Mortgagee, Mortgag,'" may at its sole option, declare all sums aecured by this Mortgage t., be illlnediately due and payable. 8. AIry forbearance in exercising any right or remedy shall not be a waiver thereof. 9. All remedies provided herein are distinct and CUIIlLIlati ve to any other right afforded by law or equity, and may be exercised concurrently, independently or successively. 10. The convenants and agreements contained herein shall bind, and all rights inure to, the respective successors and assigns of the Mortgagor and the Mortgagee. 11. All convenants and agreements of the Mortgagor and the Mortgagee are joint and several. 12. Upon payment of all sums secured by this Mortgage, Mortgagee shall diacharge this Mortgage and shall execute and deli Vel' a satisfactory release therefor. IN ~ liIIF.1lEDF, Mortgagor has executed this Mortgage on the ;;:l "';! day of 1leceIber, 1988. '~e~4 ~~~Jt-~ STATI! OF NalRASKA, cnJNTY OF HALL: The foregoing instrument \olBS acknowledged before me this bec___b... ~ 1'1 R'8" by Alice Msrie Welty and Harvin G. Welty, wife and husbsnd. ~ ~~ ~ ~ ~ 'li ~ \\~ ~ ~ a 1iIIuw.~DiAB'-Stll.afll"rlCb y~ .- JOHN J. sror.MAN ~MyCt:a;;n.flq) Jan.2%. 97-- "" ::J i ,,):J 0; ou> i = sE iF~~co "" ~ ...., =:t.", lilt;:. co ~t I"'> -<0" "I i ..... ~ ~ ~H~~ ...... ;::~ Co i "' ~ :% r-> O'l a ." ~ O'l .,. :n <.M -.::. O'l U> 0 U> ~ \l', '.i