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b. Time is the essence hereof. &I5-,!! Lemon M(- ;rtgagor's <br />default in any covenant or agreement of this Mortgage, <br />including covenants to pay when due the <Eiums secured by this <br />I 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 coilect the rents, issues and <br />profits therefrom and apply them first to the cost of <br />collection and operation of the Pr•_)perty 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 />L <br />7. If all or any 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 suns <br />secured by this Mortgage to be immediately due and payable. <br />8. Any for-ebearance in exercising any right or remedy <br />shall not be a wai,:,er thereof. <br />9. All remedies provided herein are distinct and <br />cumulative t- any other right afforded by law or equity, and <br />may be exercised conCLtrrently, independently or successively. <br />10. The covenants and agreements contained herein shall <br />bind, and all rights inure to, the respe =t.ive suc_cessor-S 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 />1'2. Upon payment ;nf all suers secured by this Mortgage, <br />Mortgagee shall discharge this Mortgage and shall. e>tecute and <br />deliver a satis-racter-y release therefor-. <br />IN WITNESS WHEREOF, Mortgagor has exptt�te, d this Mor'tgnge <br />on the / -Y day of _ %�9�A_-_ �_, �9 <br />ly <br />�- � / - y--- �-�• -� -- - =_ - -- tom- "`_' <br />STATE OF NEBRASKA, _I�Z_?_�C _ County ss: <br />\? The foregoing i.nstrumen was acF :nowledged befc:re me this <br />byfif2_✓7 -- <br />--- <br />�• - N ar Ft.tb c <br />c_c Co <br />rn <br />of <br />0 <br />o <br />