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240d to the, Indebtedness secured hereby and become subject `to the lien hereof. Mort , gee
<br />ahaii t at incur any personal 1 bty "use of anything It may do or omit to do hereunder.
<br />9. Default; Assignment of pants. Time is of the essence hereof, and
<br />asrntof this � �rtgajor'a default itn an" y covenant
<br />Mortgage, including covenants to pay when due the sums secured by this MwtgW, the Mo rtppe ahead .
<br />be entitled, at its sole option and without - notice , to declare all sums secured by this Morigalleto be immedlateiy due and
<br />payable and .may commence foreclosure of this Mortp W by judicial proceedings; and, provided further, that upon,such
<br />rkbutt the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />AM to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortplee.
<br />acid rents, issues and profits being assigned to the Mortgagee as further security for the Payment Of the indebtedness.
<br />secured h.areby.
<br />10. 'Dander of Property. If all or any part of the Property is sold or transferred without the express written con.
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />12. Miscellaneous Provisions.
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised ^oncurrentiy, independently or successively.
<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(d) All covenantk and agreements of the Mortgagor are joint and several.
<br />(e) The heading% of the paragraphs of this Mortgage are for convenience only and shall not be used to inter-
<br />pret or define the provisions hereof.
<br />13. Release. Upon payment of all sums secured by this Mortgage. Mortgagee shall discharge this Mort" and
<br />shall execute and deliver a satisfactcxy release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 22 day of April 1985
<br />X Inver ;t t Company, A Partnership
<br />jRi tt L. a Yr ersonal.]�y) _
<br />t Rey ndor , a Partne aorrowor-
<br />ard IePer Wally) �Pp f.
<br />Richard R. Alexander, Ptn)
<br />ismo
<br />r
<br />(Ronald R. Alexander, Personally) ( onald B. Alexan e , A Partner) Borrower
<br />Stale of Nebraska, ._.�. a z County ss:
<br />On this day of , _ gr 19 _Wl _, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came,_AQ=,err > ndPn1Jnrf _ R; nhaYd rr 1 -tender,
<br />�
<br />and Ronald B. Alexander to me known to be the
<br />identical person(s) whose names) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be _ voluntary act and deed.
<br />Witness my hand and notarial real at .. __v p Alts.« .� in said county, the
<br />date of d . _ . _. .
<br />My on expires: _wsw r
<br />[a@ a 11010W 'TMs [Aar keserved For Lender and Rftorder)
<br />SPATE OF NEBRASKA
<br />L COIJNTY OF HALL
<br />The foregoing .inst,rumont was acknow.ledgWl before mai 72nd day April, 1985 by
<br />Robert L. D(4feadoxf# Richard R. Al.exata(ior, anal honald f�. Al.cxandn,x, Peirtn(-,�rs on behalf of DCAX
<br />tnvoet rat Co%p4ny, a Partnership, tc) ino knowrs t :c� iy� thr� a, %lee7ta� ,al ��ann whc���� ndamr�.s .;��r���
<br />subscribed to the foregR;, ng i,nnt rument and P cknnwle,rlgt,�(J t is «z t =irt. inua t t8( to e's�� i r
<br />voluntary act & <Iewl. Witness my hand and notarial seal r� t:. Grand tti�.landd, NE. sr� :�� :a _z +:d ,'�,.��1nt :y, t.is� :^
<br />dot�o �rfr�resai,�,l. r
<br />War WANW
<br />7w=M7 -V Wft IM Pi v
<br />arras° err tsae[r ;as r,,s+s
<br />
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