83000278 - Laserfiche WebLink

Browse

r 8~"'- lJVt7F,r~D hereby. Such agremeat shall not is any way release or impair the lien hereof, but shall extend the lien hereof as against the title of all parties having anq interest is said security, which iaterast is subject to said lien. 26. Ice the event the Mortgagee (a) releases, as aforesaid, nay Part of the security described hareia or nay person liable for nay iadgbtedaess secured hereby; (b) grants an extension of time for nay payments of the debt secured hereby; {e) takes other or additional security for the payment thereof; (d) waives or fails to exercise any right granted herein or is said Promissory Note, said act or omission shall not release the Mortgagor, subsequent purchasers of the said premises, or nay part thereof, or makers or sureties of this Mortgage or of said Yzomissory Note, vender any covenant of this Mortgage or•of said promissory Note, nor Preclude the Mortgagee from e:ercisiag nay right, power or privilege herein granted or iatanded to be granted is the event of any other default rhea msds or any subsequent default. 27. Mortgagor agrees to give immediate notice bq mail to the Mort- gages of ang conveyance, transfer or change of ownership or of occupancy of the premises. 28. Except for procedures regarding the enforcement of this ma**•¢age, this Mortgage, the rights of the Mortgagee and the aforesaid guaranty and all other securing agreements securing same shall be construed and enforced according to the lava of the State of Kansas. 29. That the ~+~g of a written notice or demsad addressed to the Donor of record of the mortgaged premises, or directed to the said owner at the last address actually furnished to the Mortgagee, or directed to said owner at said mortgaged presd.sas and mailed by the Baited States mails, shall be sufficient notice and desund in any Casa arising wader this instrument and required by the gzavisioas hereof or by law. 30. Tlut all the covansnts hereof shall run with the laced. 31. Without the prior written consort of Mortgagee, the operation of a~ central plant and all the machinery now or at nay time furnishing water, sanitary sewage disposal, or generating or supplying electricity, heating or air conditioning, {nriudiag heated and chilled water, to nay of the improoemmts within the mortgaged premises shall not ba discontinued. 32. Ice the event that any one or ire of the provisions contained in the Note secured hereby, this Mortgage or ang other securing instrument now or here- after given iII connection with this transaction shall for any reason be held to be invalid, illegal or unenforceable is nay respect, such in4alidity, illegality or unaafarceability shall, at the option of Mortgagee, eat affect nay other provision of this Mortgage, but this Mortgage shall be construed as if such invalid, illegal or unanforcaable provision had saver been contained hareia or therein. 33.. That at the option of the *artgagee, this Mortgage shall become subject sad sabordiaate {but not is respect to the priority of entitlement to insurance procsads or aag award in condemnation) to nag and all leases, of all os nay part of the mortgaged premises, upon the execution by `Mortgagee and the re- cardiag thereof, at nag rims hereafter, in the Office of the Register of Deeds for Hall County, Nebraska, of a unilateral declaration to that effect. - l0 -