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J <br />, IL0037 J <br />and payable at once, at the election <of the Mortgagee. Any insurance <br />proceeds payable by reason of such loss or :damage shall be placed in <br />escrow with the Mortgagee and distributed during and upon completion <br />of the repairs or replacement or applied to the last maturing <br />payments ,due on the FR'OMI:SSORY NOTE in accordance with the election <br />of the Mortgagee. <br />In the event of default. the Mortgagee may .collect rents <br />on said real property and apply the :same to the indebtedness due <br />herein and the Mortgagor hereby assigns said rents_ <br />When the terms and conditions of this Mortgage have been <br />fully performed, this Mortgage shall be v <oi,ded and shall be released <br />at the expense of the 'Mortgagor. <br />The germs and c- onditions of this Mortgage shall extend to <br />and be binding upon the successors, heirs, personal representatives <br />and assigns of the Mortgagor and the Mortgagee_ <br />IN WITNESS WHEREOF, the Mortgagor has executed this <br />Mortgage on the day and year first above written. <br />I-XhV... _ _ - _ CO-TRISTEE, <br />MORTGAGOR <br />Cf 7L, tjTr f- <br />RO KENT NUWi ,h. CO- TRUSTEE, <br />i' '�% MORTGAGOR <br />J 1 , CO-1-RUSI-th, <br />�i MORTGAGOR <br />STATE OF NEBRASKA <br />ss. <br />COUNTY OF }TALL <br />ter <br />On this /v, day of 1985, before me, <br />the undersigned., a' —tart' Public, duly commissioned and qualified <br />for said County, personally came TREVA ELAINE GANGWISH, RODNEY KENT <br />GANGWISH and ARLEN SCOTT GANGWISH, CO- TRUSTEES, known to me to be <br />the identical persons whose names are affixed to the above and <br />foregoing Mortgage, and they acknowledged the same to be their <br />voluntary act and deed. <br />WITNESS mv_ hand and notarial seal the day and vear last <br />above wriTten, <br />otary Public <br />