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I" 83.....- LJu6408 Provided that if said Mortgagors shall well and truly payor cause to be paid the said sum of money due under the Promissory Note, with interest thereon, according to the tenor and effect of said note: shall neither commit nor permit waste on said premises; shall procure and keep insurance on the buildings located on the premises during the term of the lien of this mortgage in a sum not less than the amount due on the Promissory Note, naming Mortgagee as an additional insured or loss payee thereon, as its interest shall appear; shall pay all taxes and local assessments levied upon said real estate and also all taxes which may be levied upon or assessed against the dept hereby secured, or the holder of said principal note on account of said indebtedness, before the same or any part thereof become delinquent, and shall perform each of the covenants herein contained, then this obligation shall be null and void. But if said sum of money or any part thereo:, or any interest thereon, is not paid when the same is due; or if the taxes and assessments against said premises, or the taxes against the holder thereof for the same are not paid at or before the time the same by law become delinquent, or if the said Mortgagors shall fail to keep and perform any of the covenants herein contained on their part, then the whole of the debt herebY secured shall at the option of the Mortgagee or its successors or assigns immediately become due and payable. The holder of the indebtedness hereby secured may pay said taxes and assessments and may procure insurance on the said buildings, and any such payments shall be added to the other indebtedness hereby secured and shall draw interest at eleven percent (11%) per annum from the date of payment thereof. It is further understood and agreed that should Mortgagor William H. Doran's position as Senior Minister of the Trinity United Methodist Church of Grand Island, Nebraska, end, because of resignation, reappointment elsewhere, death, or any other cause, then and in such eyent the Mortgagee or its successo:- or assigns may declare the whole of the debt hereby secured as ,.ue and payable at any time on or after the 90th day following the cessation of his position as Senior Minister. It is further expressly agreed that in case of a foreclosure of this mortgage the Plaintiff in such proceedings shall be entitled to the appointment of a receiver, who may take possession of said premises, protect the same and collect any rents therefrom. Signed this )~# day of November, 1983. 71 '_... { &~..._ )1 lJO"r'ttH william H. Doran, Mor€gagor ,\ J1 i' _ ,," ~ -,( 1, 14-tV {'f ./ /~-'I..~- Delores A. Doran, Mortgagor -2- L L J -.J