86105628 - Laserfiche WebLink

Browse

L or ?art thereof, shall be taken by eminent sy be paid for any property taken or A its option, either to a reduction of th apt wbicb :be shall have no obligation, to do any tetit deems neciasM to prodsct "the -1 by,110011, MDr4ftw 00 be addedtoAhe ludebtedisen secured he "- reby and become subject to the -lies herepf Iidloi ttiall`aoE iitcitx spy personal liabijity because of anything It`may do or omit to do Hereunder. 11efaWf, Assignment of Rents. Time is of the essence hereof, and u or apenwat of this Mortgage, inciudin covenants to upon Mortgagor's default h► arty.,oavesW � .pay when due sums secured by this Mortgage the- Mort�e shall: be eatitied, at its sole option and without notice, to declare all sums secured by this Mortpge to be Immedsteiy,dueand payable and may commence foreclosure of this Mortgage, by judicial proceedings; and, provided' thtit U pon such default the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the 'adequacy of the security, enter upon and take possession of the property and collect the rents, issues and profits therefrom and "apply them first to the cat of collection and operation of the Property and then upon the indebtedness secured by'ti iii Mci t *e said rents, hum and profits being assigned to the Mortgagee as further security for the payment of the indebtedness secured hereby. 14. Transfer of Property. If all or any part of the Property is sold or transferred without the express written con- sent of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due and payable. 11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note. 12. Miscellaneous Provisions. (a) Any forebearance in exercising any right or remedy shall not be a waiver thereof. (b) All remedies provided herein are distinct and cumulative to any other right afforded by law or equity, and may be exercised eoncurrendy, independently or successively. (c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective successors and assigns of the Mortgagor and the Mortgagee. (d) All covenants and agreements of the Mortgagor are joint and several. (e) The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter- pret or define the provisions hereof. 13. Release. Upon payment of all sums secured by this Mortgage. Mortgagee shall discharge this Mortgage and shall execute and deliver a satisfacto y release therefor. IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the _a_ day of 19 _l5.. (William Wrenn Lesher) Bo:mwer- ( Cecelid Ann Leshr�i) Borrower State of Nebraska, - -- -hall. _ -_ -- ------ ---_- -__ -. - - - - - -_ County ss: On this _21�, day of _ 19 before me, the undersigned, a No Public Scgtetaborc - - - - -� �- � gn �Y r t „ duly commissioned and qualified for said county, personally came William Wreml Lesher and V(„ Cecelia Ann Lesher — —_ to me known to be the identical person(s) whose name(sl are subscribed to the foregoing instrument and acknowledged the execution thereof !� to be their ^ voluntary act and deed. 4 Witness my hand and notarial seal at..— rra nd _ i' 7said county, the V�`r✓ date aforesaid. -- - - - - -- , ga � My Commission expires: }(t,', ` Notary Pubne _ / — tSRace Below Thb Line Reserved V_ ad., and "N OW40 M Itf " itIN1 f. t.ut�,~ � pMidl8►1MN 17. sr Nac I"It ]ND aoa 2180 Ati z P Ati