Laserfiche WebLink
<br />~- 83-- Ut~U2`~~6 <br />hereby, Such agreement shall not in any way release or impair the lien hereof, <br />but shall extend the lien hereof as against the title of all parties having nay <br />interest in said security, which interest is subject to said lien. <br />2b. Zn the event the Martgagee {a) releases, as aforesaid, any part <br />of the security described herein. or any person liable for anq indebtedness <br />secured hereby; (b) grants an extension of time for any payments of the debt <br />secured hereby; (c) takes other or additional security for the payment thereof; <br />(d) waives or fails to exercise any right granted herein or in said Promissory <br />Notes, said act or omission shall not release the Mortgagor, subsequent purchasers <br />of the said premises, or nay part thereof, or makers or sureties of this Mortgage <br />or of said Promissory Note, under any covenant of this Mortgage or~of said <br />Promissory Note, nor preclude the Mortgagee from exercising, any right, power <br />or privilege herein granted or intended to be granted is the event of nay other <br />default then made or any subsequent default. <br />27. Mortgagor agrees. to give immediate notice by mail to the Mort- <br />gagee of any conveyance, transfer or change of ownership or of occupancy of <br />the premises. <br />2$. Except far procedures regarding the enforcement of this mortgage, <br />this Mortgage, the rights of the Martgagee and the aforesaid Promissory Note and <br />all other securing agreements securing same shall be construed and enforced <br />according to the laws of the State of Kansas. <br />29. That the mailing of a written notice or demand addressed to the <br />owner of record of the mortgaged premises, or directed to the said owner at the <br />last address actually furnished to the Mortgagee, or directed Lo said owner at <br />said mortgaged premises sad mailed bq the United States mails, shall be sufficient <br />notice and demand in anq case arising wader this instrument and required by the <br />provisions hereof ar bq inv. <br />30. That ali the covenants hereof shall_run with the land, <br />3I. Without the prior written consent of Mortgagee, the operation of <br />any central plant sad all the machinery now or at any time furnishing water, sanitary <br />savage disposal, or generating or sugplying electricity, heating or air conditioning, <br />including heated and chilled water, Co any of the improvements within the mortgaged <br />premises shall nest be discontinued. <br />32. In the event that any one or more of the provisions contained i.n the <br />Note secured hereby: this Mortgage or any other securing instrument now oz here- <br />after given in caanection with this transaction shall for any reason be held to be <br />invalid, illegal or unenforceable in nay respect, such invalidity, illegality or <br />uaenfarceabilitp shall, at the option of Mortgagee, nest affect any other provision <br />of this Mortgage, but this Mortgage sha12 be construed as if such invalid, illegal <br />or unenforceable provision had never been captained herein or therein. <br />33. That at the option of the Mortgagee, this Mortgage shall become <br />subject and subordinate {but not is respect to the priority of entitlement to <br />insurance proceeds or any award in condemnation) tv any and all leases, of all or <br />any Bart of the mortgaged premises, ugon the execution bq Mortgagee and the re- <br />cording thereof, at any time hereafter, in the Office of the Kegister of Seeds for <br />N811 Coxmty, Nebraska, of a unilateral declaration to that effect. <br />- 10 <br />