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86 -- 106308 interest thereon at the highest legal rate applicable to a natural person, or if the Mortgagor is a corporation, or partnership, or other entity at the default rate provided in the Note, from time of payment shall be a lien against the Property. 5. ACCELERATION AND RECEIVERSHIP. If default shall be made in the payment of the Note, or any part ot the interest thereon, or any other advance or obligation which may be secured hereby, such as taxes, special assessments, insurance and repairs, or if Mortgagors shall suffer or commit waste on or to the Property, or if there shall be a failure to comply with any and every condition of this Mortgage, then, at the option of the Mortgagee, the Note and the whole of the indebtedness secured by this Mortgage, including all payments or taxes, assessments, repairs or insurance premiums, shall become due and shall become collectible at once by foreclosure or otherwise after such default or failure, and without notice of such default. At any time after the commencement of an action in foreclosure, or during the period of redemption, the Mortgagee shall have the right to have a receiver appointed to take immediate possession of the Property and of the rents and profits accruing therefrom, and to rent or cultivate the same as the Receiver may deem best for the interest of all parties concerned. 6. MISCEL ANEWS. The term "Mortgagor" and "Mortgagee" as used herein, includes successors in interest. This Mortgage shall be construed in accordance with the laws of the State of Nebraska. The maturity date of the Note is November 1, 2006. Each party signatory to this Mortgage hereby releases, waives, and relinquishes any dower, homestead, or statutory interest in the Property or any part hereof and waives, to the extent permitted by law, anv rights of redemption in or as to the Property. 7. ADDITIONAL PROVISIONS. This mortgage shall become void and the Mortgagor entitled to a re ease in recordable form upon full payment of the Note, including any accrued interest, and all other payments made by the Mortgagee and secured by this Mortgage. This Mortgagor has executed this Mortgage as of the day and year first above written. John K. Morris vnthia R. Morris STATE OF NEBRASKA, i ) ss. County of Hall. ) The foregoing instrument was acknowledged before me on October 1986, by John K. Morris and Cynthia R. Morris, husband and wife. j: = it M rc . Mf ors bq +41 �,. o J