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L <br />86, 101948 <br />the PROMISSORY NOTE and accrued interest thereon shall become due <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 <br />in escrow with the Mortgagee and distributed during and upon comple- <br />tion 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 here- <br />in 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 Mortgage <br />on the day and year first above written. <br />STATE OF NEBRASKA <br />ss. <br />COUNTY OF <br />On this vZ3 day of 1986, before me, the <br />undersigned, a Notary ublic, du y commis' stoned and qualified for <br />said County, personally came LEO M. EVANS and SHIRLEY A. EVANS, Hus- <br />band and Wife, known to me to be the identical persons whose names <br />are affixed to the above and foregoing Mortgage, and they acknowledged <br />the same to be their voluntary act and deed. <br />WITNESS my hand and notarial seal the day and year last <br />above written. <br />=a ~-am d BAN" <br />Ait S=. At <br />...2 _ <br />a r y - F'u�Ti c <br />I <br />