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<br />84 - 003442
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<br />4. OPTIONAL ADVANCES. If the insurance required aoove is notpranptly
<br />effected, or if the taxes or special assessments levied and assessed againSt the
<br />Property shall becane delinquent, Mortgagee (whether electing to declCiTe, the
<br />whole Mortgage due or not), may,but need not, effect such insurance, effectsooh
<br />repairs, pay such taxes arri special assessments, arri. all such payments with
<br />interest thereon at the highest legal rate applicable to a natural persplt,OI;:Jf
<br />the Mortgagor is a corporation, or partnership, or other entity at the' default
<br />rate provided in the Note, frail time of payment shan be a lien agcdnst' the..
<br />Property,
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<br />5. ACCELERATION AND RECEIVERSHIP, If default shall be made in the
<br />payment of the Note, or any part at the interest thereon, or any otheradvance'or
<br />obligation which may be secured hereby, such as taxes, special asseSSlIletlts;
<br />Insurance arri repairs, or If M:Jrtgagors shall suffer or ccxmri.t waste. on or to the
<br />Property, or if there shall be a failure to canply with any arri every c~tion.
<br />of this Mortgage, then, at the option of the Mortgagee, the Note arrithewhole of
<br />the irriebtedness secured by this Mortgage, Including all payments or taxes,
<br />assessments, repairs or insurance premiLBIIS, shall becane due arri shall beccme
<br />collectible at once bv foreclosure or otherwise after such default or failure;
<br />an:! without notice of such default. At any time after the cauneI1cement of < an
<br />action in foreclosure, or during the pedod of redemption, the Mortgagee shall
<br />have the dght to have a receiver appointed to take innediate possession of the
<br />Property arri of the rents 'lIld profits accruing therefrom, arri to rent or
<br />cultivate the same as the Receiver rP' , deem best for the interest of all parties
<br />conceTI1ed.
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<br />6, MISCEJ.lAII.'EOUS , 'The term ''Mortgagor'' arri "Mortgagee" as used
<br />herein, inclu:ies succe. ~'::>rs in interest. This Mortgage shall be construed in
<br />accordance with the Laws of the State of Nebraska. The maturity date of the Note
<br />is July 1, L999. Each party signatory to this Mortgage hereby releases, waives,
<br />arri relinquishes any dower, homestead, or statutory interest in the Property or
<br />any part herc-of arrl wai ves, to the E~tent permi.tted by law, any rights of
<br />redempti.on in or as to the Property.
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<br />7, iillDlTIONAL PROVISIONS. 11115 rrortgage shall becane void arri the
<br />Mortgagor entitled to a release in record1'lble fonn upon full payment of the Note,
<br />including any accrued interest, and all other payments made by the ~lot'tgagee arri
<br />secured by dti.s Morcgage,
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<br />This Mortgagor has executed this Mortgage as of the day ard year first
<br />above written,
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<br />444~
<br />Charles Th:mss TC'''-lt
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<br />STATE OF GEORGIA,
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<br />VU\:.ilS'-Y V.t...
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<br />'[he foregoing instrunent was acknowledg~7 before me by'chetl~s'~s
<br />Tout anJ Lio:ia Cowart Tout, husban::l am wife, rroytgagors, tfJ~; d.t)tF~~ of
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<br />June, 1984. /':51; ';:;>-./i~::i" .
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