83000951 - Laserfiche WebLink

Browse

83-- i~oo~~ If the party of the second part voluntarily or isivoluntarily becomes or is made party to any swYor proceed- ings ;elating-to tke premises or to this mortgage or said note whereby the maturity of said note aQn~ ortgage are accelerated- then said party of the second-part shall he paid accelerated interest at the raf~'df"~j~Jo per annum; providing,-hdwever; if the maturity of said note and mortgage are-not accelerated in said suit or proceed- ings-then the party of the fir§t part shat! reimburse the party of the second part for its rea le attorneys' fees and costs, and-such expenses shalt be immediately clue and shall bear interest at ~~% per annum; and shall be secured by this mortgage. This covenant shall extend to condemnation and bankntptcy proceedings as well as'other actions. The taking of any additional security, execution of partial release of the security, or-any extension of the time of payment of the indebtedness or renewal thereof shall not diminish the force, effect or lien of this instru-- meat and shall not affect or impair the liability of any maker, surety or endorser for the payment of said indebf- edness;that-the party of the secmtd part shall have the right to release with or without consideration or credit on the indebtedness hereby secured, any part of-the property herein described by adequate legal instrument- without regard to the existence of any junior encumbrance and without the consent of such junior encumbrancer; and such release shall have no further effect upon the rank, lien or estate conveyed hereby or against the party of the second part than is therein expressed. In the event that the mortgaged premises, or any portion thereof or any interest therein, Ue sold or conveyed or become subject to an agreement to sell or convey prior to the time the indebtedness secured hereby shall have been paid in full then the entire indebtedness secured b_v this mortgage shalt at the option of the mortgagee become due and payable. if all or any part of the mortgaged propem• be condemned or taken through eminent domain proceedings, all or such part of any award or proceeds thereof as the mortgagee in its sole discretion ntay determine in writing, are hereby assigned and shall he paid to the mortgagee and applied to the payment of the mortgage indebtedness. IN WITNESS WHEREOF, the said first party havE: herrmuo set their hand3 the day and year first above written. 1 _ ~~ 3: - ._ /y, r ~ry J . Fa._-.r{tn~~h,~am~ ~ //,, Sally L. Farnham STATE Op \EBRA~I~A, t .rr COV NTY OF 1* On this ~C-• day of ='-`~ `"" l~~r~= ,before ute, a notary public in and for said rnunty, personally appeared H~'rY J. Farnham and ,Sally L. Farnham husband and wife to mC personally known to be the identical persot8 described in and who executed the foregoing iustnr Wita~ss m}' hand and official seal the day and tear last above written. meat+ as Grantor ,and acknowledged the execution thereof to be their voluntary act and deed IYM~I- ~, ~ f lG ~~~~~~ ~atnry .Nx ~n oed for Jt. ~. ,, 1. t !4!p cotitmission expires