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uj s the essence het­o+` and upon Mortgagor 's <br />^ uefaul 'in -any cover-.ant or agreement of this Mortgage, <br />� <br />including covenants to pay when due the sums secured by this <br />Mortgage, the Mortgagee shall be entitled, at its sale option <br />` <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 securit', enter upon and take' <br />possession o+ the Property and collect the rents, issues and <br />profits therefrom and apply them first to the cost of <br />' cozzection 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 secureu hereby. <br />7. zf all or any part of the property is sold or <br />transferred without the express written consent o+ the <br />Mortgagee, Mortgagee may at its soze option, declare all sums <br />secured by this Mortgage to be immediately due and payable. <br />e. Any forebearance in exercising any right or remedy <br />shall not be a wai,er thereof. <br />?. All remedies provided herezn are distinct and <br />cumulative to any other right afforded by law or equity, and <br />mav be exercised concurrently, independently or successivezv' <br />10' 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 sever-al. <br />1-2. 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 wzrwsos w*snEop, Mortgagor has executed this Mortgage <br />on the _,WL_ day of z*�e1, 1986. <br />- ------ <br />, — -� <br />STATE OF NEBRASxA, count, ss: <br />The foregoing l strument was acxnowleuqeu ue+ore me �v�s <br />by _--'— ', <br />��=��������_"°°°°"" wife <br />wqtar--F`"G�_ic_------------------ <br />Wx 06M I <br />(� <br />.� <br />'\ <br />+ <br />cn <br />Cr <br />� <br />| <br />, <br />+ <br />cn <br />Cr <br />� <br />| <br />