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83004974
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Last modified
11/19/2008 6:29:40 PM
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11/19/2008 6:29:40 PM
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DEEDS
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83004974
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<br />r <br /> <br />83- lJ04{174 <br /> <br />(4) Mortgagors will obtain and keep in force life <br />insurance upon the life of Robert D. Fox in the initial face <br />amount of $210,000.00. The policy or policies shall be <br />assigned to Mortgagees as additional security for the payment <br />of the Note and Mortgage. The insurance may be decreasing <br />term but the benefit payable to Mortgagees thereunder shall <br />never be less than the upaid principal balance due to Mortgagees. <br /> <br />(5) Mortgagees or their agents shall have the <br />right to inspect the real estate during normal business <br />hours upon twenty-four (24) hours prior written notice to <br />Desch-Paine Monuments, Inc. <br /> <br />(6) Mortgagors shall not sell, transfer, deed or <br />contract to sell, transfer, or deed all or any part of any <br />of the interest of either of the Mortgagors in the Real <br />Estate to any other person, firm or entity without the prior <br />written consent of Mortgagees and any attempt to do so shall <br />cause the entire unpaid balance of principal and interes.t <br />secured by the !1ortgage to become immediately due and payable <br />upon thirty (30) days notice by aortgagees to Mortgagors, <br />Consent is herebv qiven to Hortqacrors' sale of one-half of <br />the real estate to"\!an White, subject to this Mortgage. <br /> <br />In the event of a default i.n the performance of any of <br />the terms a.nd conditions of this Mortgage or the Note secured <br />by ;chis 1>lortc;age and if said default is not cured within <br />thlrt,y (301 days after ~lortqagees mail written notice <br />thereof t.o ~~lortga9ors by certified mail with return receipt <br />.r-equest:co, the r'10rtqaqces shall be entitled to inunediate <br />p-oSSeSS:l.0n uf th(,~ Rea 1 Es tate und illl of the rents; revenue, <br />and i nCOTIt(': ,jer'.1 ".'ed there from dur inq such time as the Mortgage <br />indebt.edness .rerna.tns l.lnpzuLd shall be dpplicd to the Mortgagees <br />to the paylTIent \._,t. the ;';ctf: and all other sums secured hereby, <br />af te:r deduct ion ut .in!' necessary costs I including attorney <br />f'ees, of c[Jllecti,oo. <br /> <br />In the 0vcnt that the Mortqaqors fail to make any <br />udvmerlt -:)f ,11.1 'en: ,Jny nr of the indebtedness or interest <br />then;"()!1, includinq li1st.<Jl thereof ~ before t.he same <br />becomes ,jeJlnqL1ent.1 (n' 10 the t,~vent that Mortqaqors fail to <br />t.H.:~rfc1rm any ',')f the uth(::t' .1qreements or meet any other requirements <br />stated herelll w~ttlin thirty (30) days after Mortgagees mail <br />not1.ce thert~0f to ~10!.tqdqor S I the Mort<)dqees f at Mortgagees' <br />declare the (~ntlrc debt secured by this Mortgage <br />;:;t ,mce :wci may llnmediately foreclose <br />this the satisfaction thereof. <br /> <br /> <br />The Hot"t.\]aqoI:s f'...:.:rther agree that payment hereunder <br />shall be made tt) Hc.t"t_qaqees as joint tenants \\'ith rights of <br />survivorship and that in the event of the death of either of <br />sai.d MO,t~tgaqees, all payments due he,reunder shall be made to <br />tJHi survivor of the Mortqaqees who may execute and deliver <br />and release hereof which shall extingu~sh the interest of <br />0.11 Mortgagees and all persons claiminq through them, <br />hB!'Cunder. <br /> <br />:~-otices required 0_1" permitted by this f'o1ortqage shall be <br />sufficient if mailed bj' prepaid United States ..:er:tified mail <br />'N1 th :return receipt r.t~gue:s ted as follows ~ or to any address <br />Which the party entitled t.o the nf,)tice ha.s theretofore <br />notified the othex. parties: <br /> <br />If to: <br /> <br />Robe-rt. fl.. Fox and Haria!" ie Fox <br />2605 Cottonwood Road " <br />Grand Island, HE 68801 <br /> <br />--2.'''' <br /> <br /> <br />
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