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86- 102230 <br />of the unpaid principal balance of the Note. Such insurance <br />Policies shall contain a standard mortgage clause in favor of <br />Mortgagee and shall not be cancelable, terminable or modifiable <br />without ten (10) days written notice to Mortgagee. Mortgagor <br />shall promptly repair, maintain and replace the Property, or any <br />part thereof, so that, except for ordinary wear and tear, the <br />Property shall not deteriorate. In no event shall the Mortgagor <br />commit waste on or to the Property. <br />4. OPTIONAL ADVANCES. If the insurance required above is <br />not promptly effected, or if the taxes or special assessments <br />levied and assessed against the Property shall become delinquent, <br />Mortgagee (whether electing to declare the whole mortgage due and <br />collectible or not), may, but need not, effect such insurance, <br />effect such repairs, pay such taxes and special assessments, and <br />all such payments with interest thereon at the highest legal rate <br />shall be a lien against the Property. <br />S. ACCELERATION. If default shall be made in the payment of <br />the Note, or any part of the interest thereon, or any other <br />advance or obligation which may be secured hereby, such as taxes, <br />special assessments, insurance and repairs, or if Mortgagor shall <br />suffer or commit waste on or to the Property, or if there shall <br />be a failure to comply with any and every condition of this <br />Mortgage, then, at the option of the Mortgagee, the Note and the <br />whole of the indebtedness secured by this Mortgage, including all <br />payments for taxes, assessments, repairs, or insurance premiums, <br />shall become due and shall become collectible at once by <br />foreclosure or otherwise after such default or failure, and <br />without notice of such default. <br />6. MISCELLANEOUS. The term "Mortgagor" and "Mortgagee" as <br />used herein includes successors in interest. This Mortgage shall <br />be construed in accordance with the laws of the State of <br />Nebraska. The maturity date of the Note is _ c: <br />unless extended as therein specified. <br />This Mortgage shall become void and the Mortgagor entitled to <br />a release in recordable form upon full payment of the Note, <br />including any accrued interest, and all other payments made by <br />the Mortgagee and secured by this Mortgage. <br />Mortgagors have executed this Mortgage as of the day and year <br />first above written. <br />VIRGIL F. GREENWALT <br />SHIPLEY dREENWALT <br />tom: <br />