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001355 <br />b. def ime is the essence hereof, and Upon Mortgagor's <br />01:any covenant or agreement of this Mortgage. <br />including covenants to pay when due the sums Secured by this <br />Mortgage, the Mortgagee shall be entitled, at its sole option <br />and--,witklout notiqR, to declare all sums secured by this <br />Mortgage: tD< .6e;- MM"OiatelY due and,_ payable and may commence <br />fo17m0r-kQs4r7e of this- Mortgage by judicial proqgedings, and, <br />provided further,_tt)4t,.4pqn 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 collect the rents, issues and <br />profitej-athere+rom and apply them first to the cost o4— <br />collection and OPOration of the Property and then upon the <br />indebtedness secured by this Mortgage; said rents, issues . and <br />profits being assigned tovthe Mortgagee as further security <br />for the payment.o+ the indebtedness secured hereby. <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 sums <br />secured by this Mortgage to be immediately due and payable. <br />S. Any forebearance in exercising any right or remedy <br />shall not be a waiver thereof. <br />9. All remedies provided herein.,are distinct and <br />cumulative to any other right afforded by law or equity, and <br />may be exercised concurrently, independently or successively. <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 several. <br />12- 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 �21JNESS WHEREOF, Mortgagor has executed this Mortgage <br />an the ---- day of Ma rdh <br />--------------- 9 1985 <br />Lt�-D'rv-illlle- �fl- <br />ulwel <br />Hu A J <br />Frna fluirle is <br />STATE OF NEBRASKA, HALL County Harlan G. Hughes <br />The foregoing instrument was acknowledged <br />12th (lay of March, -1985 before me this <br />-L e� 1141me_awtxzal"wlml <br />A rc <br />UVOWC <br />MY Cm,% 29, IM Notary Public <br />01 <br />