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84006644
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84006644
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Last modified
4/30/2008 5:04:28 PM
Creation date
4/2/2008 9:51:43 AM
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DEEDS
Inst Number
84006644
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<br />r <br /> <br /> <br />84 _ Q08'~:.t< <br /> <br />55. ~~rtgagcr at any time upon <br />execute, acknowiedge and deliver -all such <br />including further assurances of title, and will do or <br />f'urther acts and things, which are proper or 7easonaoly <br />or preserve the -priority and security of' the first lien create!i\ <br />and for carrying out the intent of' this Mortgage and the loan, <br />bodied herein including,in particular,documents to evidence the <br />debtedness contemplated by sub-paragraph (g) on page 3 oftheMOt8 <br /> <br />56. Mortragor agrees that the mortgaged <br />durin& the entire life of the within Mortgage be <br />operated for the designated purposes on all usual <br />and durin2 reasonable business hours. <br /> <br />57. If any term of this Mortgage shall be held to <br />invalid. illegal or unenforceable, the validity of the other <br />hereof shall in no way be affected thereby. <br /> <br />P'.----51r.-Mort'gagor--acknow'ledges. that under the' provislons-- <br />of the laws of Nebraska, or any (),ther appl1~able J-a:w, t~er~ <br />is no limitation applicable to the secured by the within Mortga._ <br />as to the maximum rate of interest that may be charged with re- <br />spect thereto; however, if by mistake of law or of fact or for any <br />reason whatsoever monies are paid by Mortgagor such that the amount <br />of interest collected over the term of the loan or in anyone year <br />curin2 the term thereof would at any time exceed any applicable <br />legal maximum rat.e, all such amounts received in excess of any <br />legal naximum rate shall be deemed to be held in trust by Mortgagee <br />for the exclusive use and benefit of the Mortgagor, with the ex- <br />pressed right to co-mingle such funds with Mortgagee's funds. and <br />all such excess amounts shall promptly be repaid or credited to <br />the ~loTtgagor at the time of the purchase of the loan by Teachers, <br />if applicable, or ~t the time of repayment of the loan. <br /> <br />59. Not~ithstanding any provision herein or in the Note <br />secured by this Mortgage to the cohtrary it is expressly under- <br />stood and agreed that in th~ event the Mortgagee takes action to <br />enforce the collection of the indebtedness evidenced by said Note <br />and forecloses the ~ithin Mortgage and if, as a result of such <br />foreclosure and the sale of t~e property described herei~a lesser <br />sum is realized than the amount then due and owing hereunder and under <br />said Sote, the Maftgagee will never institute any action, suit, Claim <br />or demand in law Of in equity against Mortgagor for Dr on account <br />oi such deficiency. provided, however, that nothing in this parAe <br />graph shall in any way affect Dr impair the lien of this Mortgage <br />or any representation or ~arranty of tit]p madp hv ~0rtraRDr Of <br />any separately assumed liability of Mortgagor all of WhlCh shall <br />remain in full force and effect and Jnure to the benefit of Mort- <br />gagee and tbe title company. <br /> <br />-17 . <br /> <br /> <br />l <br /> <br />-1 <br />
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