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87- 103693 <br />and the Note which this Mortgage is given to secure before <br />payment is delinquent. If Mortgagors fail to pay the real estate <br />taxes or special assessments before delinquent, Mortgagees may <br />pay the real estate taxes and special assessments, or pay any <br />other liens Mortgagors permit to be made against the real estate, <br />and Mortgagees are given a lien secured by this Mortgage for the <br />amounts advanced by them together with interest at the highest <br />legal rate. <br />Mortgagors agree to insure and keep insured the improvements <br />on the real estate for protection against fire and other <br />casualties in a sum of at least the unpaid balance of principal <br />of the Note and to carry the insurance with a responsible <br />insurance company duly licensed to do business in Nebraska. The <br />insurance policy is to be endorsed with a mortgage clause with <br />loss payable to Mortgagors and Mortgagees, as their interests <br />appear. if Mortgagors fail to carry the insurance required by <br />this paragraph, Mortgagees may purchase the insurance and are <br />given a lien secured by this Mortgage for the amounts advanced <br />for payment of insurance premiums with interest at the highest <br />legal rate. Mortgagors are to furnish Mortgagees a certificate <br />from the insurance company insuring the improvements on the real <br />estate for evidencing Mortgagors have acquired the insurance to <br />be carried on the improvements on the real estate, the <br />certificate to contain a clause the insurance policy cannot be <br />cancelled without at least thirty (30) days' prior written notice <br />to Mortgagees. <br />Mortgagors assign to Mortgagees all rents in connection with <br />the real estate. <br />If Mortgagors default (a) in the payment when due of any <br />monthly installment of principal and interest for a period of <br />more than thirty (30) days, (b) in the repayment when due of any <br />advances made by Mortgagees as provided in this Mortgage or any <br />interest thereon, or (c) with respect to any covenant or <br />condition contained in this Mortgage, Mortgagees may, at their <br />option without notice and at any time during the continuance of <br />such default, declare the entire indebtedness secured by this <br />Mortgage to be immediately due and payable with interest at the <br />maximum rate then allowed by Nebraska law and may immediately <br />foreclose this Mortgage or pursue any other available legal <br />remedy. If Mortgagees take any action to enforce collection of <br />the indebtedness secured by this Mortgage, Mortgagors agree that <br />any expense incurred 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, Mortgagees shall be entitled to immediate possession <br />of the real estate and all the rents, revenue and income derived <br />2 <br />l.. <br />IN <br />J <br />K' <br />cl <br />