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b. Time is the essence hereof, and upon Mortgagor's <br />default in any covenant or agreement of this Mortgage, <br />inclx,0l.q covenants to pay when due the sums secured by this <br />Mortgage, the Mortgagee shall be entitled, at its sole option, <br />and without notice, to declare all sums secured by this <br />Mortgage to be immediately due and payable and may commence <br />foreclosure of this Mortgage by judicial proceedings; and, <br />provided further, that upon such default the Mortgagee, or a <br />receiver ,appointed by a court, may at its option and without <br />regard to the adequacy of the security, enter upon and take <br />possession of the Property and collect the rents, issues and <br />profits therefrom and apply them first to the cost of <br />collection and operation of the Property and then upon the <br />indebtedness secured by this Mortgage; said rents, issues and <br />profits being assigned to the Mortgagee as further- security <br />for the payment of the indebtedness secured hereby. <br />7. if all or arty part of the property is sold or <br />transferred without the express written consent of the <br />Mortgagee. Mortgagee may at its sole option, declare all sums <br />secured by this Mortgage to be immediately due and payable. <br />B. Any forebearance in exercising any right or remedy <br />shall not be a waiver thereof. <br />9. All remedies provided herein are distinct and <br />cumulative to any other right afforded by law or equity, and <br />may be exercised concurrently, independently or successively- <br />1 Ct. The covenants and agreements contained herein shall <br />bind, and all rights inure to, the respective successors and <br />assigns of the Mortgagor and the Mortgagee. <br />11. All covenants and agreements of the Mortgagor and <br />the Mortgagee are joint and several. <br />12. Upon payment of all sums secured by this Mortgage, <br />Mortgagee shall discharge this Mortgage and shall execute and <br />deliver a satisfactory release therefor. <br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage <br />on the V7 `0 day of - I'- 19 PL . <br />` STATE OF NEBRASKA, MALL County 5s: <br />The foregoing instrument was acknowledged before (tie this <br />by Allen C. Bruhn. <br />�----_ <br />g Notary Public <br />A E ax,w.aAatI <br />THOOMAS MAS A. . EMERTON I <br />My Comm. Fr, L -1. <br />h <br />Co <br />�t <br />c <br />s <br />j � <br />i <br />O <br />- <br />M <br />