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87- 10172 7
<br />o. That in the evert action is brought to foreclose this Mortgage for all or any
<br />part of the debt secured hereby, the Mortgagee shall be entitled to immediate possession
<br />of the mortgaged premises, and the Court, or a Judge thereof in vacation, may appoint a
<br />receiver to take possession of said premises to collect and receive rents and profits
<br />taxes, insurance, make
<br />arising therefrom; and from any moneys so collected, to pay provide
<br />any other expenditures author-
<br />needed repairs to improvements upon the premises, and make
<br />of authorized
<br />ized by the Court; and apply any sum remaining after the payment such
<br />be in addition to and not a
<br />expenditures upon the mortgage indebtedness. This right shall
<br />Assignment of Rents which may be
<br />limitation to the rights of Mortgagee under a separate
<br />executed by the Mortgagors.
<br />7) That failure or delay of Mortgagee to exercise any of its rights or privileges
<br />not be construed as a waiver thereof, that any act or Mortgagee waiving any specific
<br />shall
<br />default of Mortgagors shall not be construed as a waiver of any future defaults; that in
<br />in of
<br />case of default in the payment of any notes, installments or interest, or case pay-
<br />ment by Mortgagee of any lien, judgment, tax, insurance, cost or expense, said Mortgagee
<br />due and to
<br />shall have the privilege, without declaring the whole indebtedness payable,
<br />in default and such
<br />foreclose on account of such specific default for such sums as are
<br />be subject to
<br />foreclosure proceedings may be had and the land described herein may sold,
<br />continue as a lien for any
<br />the unpaid indebtedness hereby secured, and this mortgage shall
<br />unpaid balance.
<br />8) That in the event any awards are made to the Mortgagors or their successors in
<br />interest for taking or damaging by the exercise of eminent domain the whole or any part of
<br />to the
<br />I mortgaged premises or any easement therein, the said awards are hereby assigned
<br />receipt therefor
<br />Mortgagee; the Mortgagee is hereby authorized to collect, receive, and
<br />indebtedness, matured or unmatured, secured by this
<br />nd to apply the same in payment of any
<br />mortgage.
<br />9) That the Mortgagee may extend and defer the maturity of and renew and reamortize
<br />said indebtedness, release from liability any party liable thereon, and release from the
<br />the hereof
<br />lien hereof portions of the property covered hereby, without affecting priority
<br />the liability of Mortgagors or any other party for the payment of said indebtedness,
<br />or
<br />all such extensions, deferments, renewals, and reamortizations to be secured hereby.
<br />heirs, legal
<br />10) Transfer of Security. It is agreed between the parties hereto, their
<br />representatives and assigns, that the integrity and responsibility of the Mortgagors con-
<br />stitutes a part of the consideration for the note secured hereby, and that in the event the
<br />Mortgagors shall sell, transfer, or convey the property described herein, the Mortgagee may
<br />at its option declare the entire indebtedness immediately due and payable and may proceed
<br />is the enforcement of its rights as on any other default in the terms of the note and mort-
<br />gage.
<br />11) To comply with all laws. ordinances. and regulations affecting the property.
<br />(Words and phrases herein, including the acknowledgment hereof, shall be construed as in
<br />the singular or plural numbers and as masculine, feminine, or neuter gender, according to
<br />4
<br />the context.)
<br />DATED this 27th day of March 1987
<br />-
<br />Kr tae Lya> Barr6tt Blue
<br />,A"1 iii �� p
<br />J to R. Blue
<br />STATE OF NEBRASKA ) ✓
<br />ss.
<br />COUNTY OF i`i4SfQ✓ )
<br />ON this 27th day of March 19 87 , before me, a Notary Public, in and foi
<br />said County, personally appeared Kristine Lyn Barrett Blue & John R Blue wife & husband
<br />the foregoing instrumec
<br />to me known to be the identical persons) named in and who executed
<br />voluntary act and deed.
<br />and acknowledge uted the same _as their a
<br />i AAI faTARYStb d kkb:i 1 %
<br />YL IL ER R 3t�TJL% Notary Pudic /
<br />STATE OF NEBRASKA )
<br />as.
<br />COUNTY OF )
<br />--
<br />Filed for record and entered in Numerical 'Index on the day of +
<br />19_, at o'clock _.M., and recorded in Mortgage Book +
<br />Page
<br />Register or Deputy Register of Deeds
<br />County Clerk or Deputy County Clerk
<br />c+!
<br />0J
<br />
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