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87- <br />improvements now on or hereafter placed upon s uch r <br />In <br />an amount satisfactory to Mortgagee, such insurance to have a <br />mortgage clause, loss <br />thereunder to be payable to Mortgagee as <br />its interest <br />may appear. <br />3. Mortgagor shall not commit nor permit any waste on such <br />real estate, shall keep <br />all buildings and improvements in good <br />repair and shall not impair <br />or permit the impairment of <br />Mortgagee's security in <br />any way. <br />t' <br />4. Mortgagor hereby assigns to Mortgagee all rents in <br />connection with such real estate. <br />In the event Mortgagor fails to pay such taxes and <br />assessments or fails to procure such insurance or fails to cause <br />the <br />removal of any lien on such real estate, Mortgagee may at its <br />option <br />pay such taxes and assessments or procure such insurance <br />or pay an amount <br />necessary to satisfy such lien, and all amounts <br />advanced therefore shall become <br />a part of the indebtedness <br />secured hereby, shall be due <br />and payable immediately and shall <br />bear interest at the <br />maximum rate allowed by the laws of the <br />State of Nebraska at the time <br />of such advancement. <br />in the event Mortgagor defaults (a) in the payment when due <br />of such <br />principal sum or any installment thereof or any interest <br />thereon, (b) <br />in the repayment when due of any advances made as <br />provided herein <br />or any interest thereon, or (c) with respect to <br />any covenant or condition contained in this mortgage, Mortgagee <br />may, at its option without notice and at anytime during the <br />continuance of such default, declare the entire indebtedness <br />secured by this mortgage to be immediately due and payable with <br />interest <br />at the maximum rate then allowed by Nebraska law and may <br />immediately foreclose <br />this mortgage or pursue any other available <br />legal remedy. In the <br />event of any action by Mortgagee to enforce <br />collection of indebtedness <br />secured hereby, Mortgagor agrees that <br />any expense incurred <br />in connection therewith including costs and <br />reasonable attorney fees shall become a part of the indebtedness <br />secured by this mortgage. <br />In the event of any default set forth in the foregoing <br />paragraph, Mortgagee shall be entitled to immediate possession of <br />such real estate and all the rents, revenue and income derived <br />therefrom during <br />such time as the indebtedness secured hereby <br />remains <br />unpaid shall be applied by the Mortgagee to the payment <br />of such indebtedness <br />including amounts deemed to be a part <br />thereof as set forth hereinabove. <br />Failure or delay of Mortgagee to exercise any of its rights <br />in the <br />event of default or otherwise granted herein shall not be <br />construed as a waiver thereof and any waiver made by the <br />Mortgagee with the <br />respect to a specific default s hall not be <br />construed <br />as a waiver of any other or future default. <br />Any award made by any entity with the right of eminent <br />domain in <br />connection with all or any part of such real estate is <br />hereby assigned <br />to and shall be paid to Mortgagee. Mortgagee may <br />at its option apply such award to any principal or interest <br />secured hereby or may release such award to Mortgagor. <br />All covenants and provisions contained herein shall be <br />binding upon <br />and shall enure to the benefit of the respective <br />successors and assigns of Mortgagee and Mortgagor, Mortgagor <br />shall have no right to assign any of its rights or obligation <br />hereunder without the <br />express written consent of Mortgagee. <br />L <br />Dated the 24 day of �AtOjtjL. , 1987 <br />Attesti���1��1 GRAND ISLAND BAPTIST TEMPLE, INC. <br />Vernon Rice, Secretary By: �� <br />_ <br />William L. Jiv en, President <br />