Laserfiche WebLink
6. Time is the essenee hereof, and upon Mortgagor's default in any <br />conversant or agreement of this Mortgage, including covenants t.,a pay when due <br />the sums secured by this Mortgage, the Mortgagee shall he entitled, at its <br />sole option and without notice, to declare all sums secured by this Mortgage <br />to be immediately dud and payable and may commence foreclosure of this <br />Mortgage by judicial proceedings; and, provided further, that upon such <br />default the Mortgagee, or a receiver appointed by a court, may at ita option <br />and without regard to the adequacy of the security, enter upon and take <br />possession of the Property and collect the rents, issuer and profits therefrom <br />and apply them first to the cost of collection and operation of the Property <br />and 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 />7. If all or any part of the property is sold or transferred without the <br />express written consent of the Mortgagee, Mortgagee may at its sole option, <br />declare all sums secured by this Mortgage to be immediately due and payable. <br />8. Any forbearance in exercising any right or remedy shall not be a <br />waiver thereof, <br />9. All remedies provided herein are distinct and cumulative to any other <br />right afforded by law or equity, and may be exercised concurrently, <br />independently or successively. <br />10. The convenants and agreements contained herein shall bind, and all <br />rights inure to, the respective successors and assigns of the Mortgagor and <br />the Mortgagee. <br />It. All convenants and agreements of the Mortgagor and the Mortgagee are <br />joint and several. <br />12. Upon payment of all sums secured by this Mortgage, Mortgagee shall <br />discharge this Mortgage and shall execute and deliver a satisfactory release <br />therefor. <br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the day of <br />October, 1987. <br />tin <br />IN STATE OF NEBRASKA, COUNTY OF HALL: <br />r®c' The foregoing instrument was acknowledged before me this G �..� 157,67 , <br />._,_��.>,, it rs� <br />IdO'fARY PLi&1L1C <br />N's� rrt MflS A. tM�:RT�JPd <br />Nay !"F <br />xa <br />tt �' <br />fa.` .....� <br />X7 <br />