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86--100377 <br />proceeds >ayable 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 PROMISSORY 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 voided and shall be released <br />at the expense of the Mortgagor. <br />The terms and conditions 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 />A ELAINE <br />MORTGAGOR <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF HALL ) <br />On this day of j'4 1985, before me, <br />the undersigned, a _`Rotary Public, u y commissioned and qualified <br />for said County, personally came TR£VA ELAINE GANGWISH, TRUSTEE, <br />known to me to be the identical person whose name is affixed to the <br />above and foregoing Mortgage, and she acknowledged the same to be <br />her voluntary act and deed. <br />WITNESS my hand and notarial seal the day and year last <br />above written. <br />Notary Public <br />GEIYcRA1 N07ARY -srue c r. -- <br />