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<br />II.
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<br />'1019 ~
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<br />84 ----008662.
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<br />7. In the event any actioriis brought.toforeclos:e
<br />this Mortgage for all or any part of the oblfgationss:ecJ,1rE!<::i.'.
<br />hereby, the Mortgagee shall be ent.itledto'inunediate);los:,!;ess:~{m
<br />of the mortgaged premises, and. thec;:ourt ,ora judge'tl:1cer~Clf.
<br />in vacation, may appoint and the 140rtgagor herebycoDliien.'f:'l>r
<br />to the appointment of a receiver to takepossessio1'l9f.s~A,4
<br />Premises to collect and receiverentsan(i profits,arisin';J .
<br />therefrom; and from any moneys so collected, topaY'ta~e;St
<br />provide insurance, make needed repairs to improvements.upo,n;.
<br />the Premises, and make any other expenditures.authOri~d.by
<br />the court, and apply any sum rernainingaftertl'lepa}'lllent' of
<br />such authorized expenditures upon the O:bligations..
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<br />8. Failure or delay of Mortgagee to exercise any of
<br />its rights or privileges or to insist upon strict performance
<br />of any covenants or agreements of r1ortgagor contained in'
<br />this Mortgage shall never be construed as a waiver. of an.y
<br />requirement or obligation of Mortgagor or right or remedy
<br />Mortgagee contained in or based upon any of the. terms,
<br />provisions, agreements or covenants of this Mortgage or any
<br />future defaults.
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<br />9. In case of defanlt in th_ payment or any of the
<br />Obligations or in case 0 payment by Mortgagee of any lien.,
<br />judgment, tax, insurance, cost, or expense, said Mortgagee
<br />shall have the privilege, without declaring the whole indeb:teW1ess
<br />due and pay<tble, to foreclose on account of such specific
<br />default for such Obliuationsas are in default and such
<br />foreclosure proceedings may be had and the land described
<br />heH~in may 00 801d, subject to the unpaid Obligations hereLy'
<br />:~ecuredt fi,od this Mortgage shall continue as a ii_en for any
<br />unpaid balance of the Obligations.
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<br />L0.. ~'lortquyot- asslqns and delivers to th~ Mortg.~1ee
<br />~111 right, title" interest, ,~nd demand in and to rent~ and
<br />profits of the Premises and does assign to Mortgagee all
<br />leases cd the PremJ..s-es now or hereafter made, written or
<br />oral, and does cmtpower Mortgagee to collect and receipt for
<br />03.11 rents. Mortgagor directs all tenants to pay rent due or
<br />to become due to ~1ortqage€ ~ The term of this assignment is
<br />until the Obligations are fully paid. This assignment shall
<br />not become ()perat~ve unless default is made in -the covenants,
<br />t,erms I and couell tJ",1ns of any or the obliqations or this
<br />:'101- tqage.
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<br />ll~ If 3tlY part. of the Premises are transferred or
<br />sold Without the prior '..:ritten consent of the Hortgagee, the
<br />Obl.qiltions may at th,~ <)ption of the ~1ortgagee be declar.ed
<br />immediately due and payable and this Mortgage may be foreclosed
<br />as set forth in pal-agraphs 6 clDa 7 of this Mortgage.
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<br />12. That t,he Preftll,SeS are free and clear of all liens
<br />and enct.unbrances whatsoever 1 except prior mortgages in favor
<br />of Home Federal Savings and Loan.';,ssociation of Grand Island,
<br />Nebraska. .tu~r breach' or any tel-rn of those mortqages on the
<br />notes thev are "liven to secure shall eonstitute i1 breach of
<br />this Hort~)aqe, . ~
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<br />1.3. In the event M.or:tqaqor shall, without the pri.or
<br />wr it ten consent (Jf ~1ortgagee! mortqage Dr othe1-..",~ise encumber
<br />the Premises or permit the Premises to be encumbered in any
<br />f~~h~~~~ t.~~n ~ortq~ge~ may ~ 0.t Mortg~).~Je: I s option, ~te~lare
<br />e!..!....! ~__Cb1.l..g'C;;>"-10ro;; t_G ~H lnlm.edla.tt:ly due ana r)avable .~H1d In
<br />such event this Mortgage may be foreclosed' a~ set forth in
<br />paragraphs 6 zlnd 7 of this H()!.~tqaqe.
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