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84005506
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84005506
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Last modified
11/20/2008 10:02:35 PM
Creation date
11/20/2008 10:02:35 PM
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DEEDS
Inst Number
84005506
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<br />~4-- <br /> <br />005506 <br /> <br />managing the same and collecting the rentals therefrom. and to pay the taxes. <br />assessments, and insurance premiums on the Property and the interest. <br />charges, and principal due under the Note, this Mortgage or any agreement <br />securing the Note. <br /> <br />8. Severability. In the event any of the provisions of this Mort~..gvr <br />or the Note shall be held to be invalid. illegal or unenforceable in 8JlY <br />respect, such invalidity, illegality or unenforceability shall not affeetuy <br />other provision of this Mortgage, but this Mortgage shall be construeda.8uif <br />such invalid, illegal or unenforceable provision had never beenc()tltamed' <br />herein or in the Note. <br /> <br />9. RIGHTS OF MORTGAGOR UNTIL DEFAULT. Until the hapPl'!rrlngof <br />an event of default. subject to any curative period, the Mortgll.gprsmutbe~ <br />suffered aJld permitted to remain in full possession, enjoyme'nt - _-.an-d~:: cGa"'ltr~;nx:: of <br />all the Property and shall be permitted to manage and operate the same. <br />subject always to the observance of the covenants in thisM():i'tgagewifh <br />respect thereto, and to receipt for, take, use, enjoy and disP9seofallrents; <br />earnings . surplus, profits, revenues and income thereof in the same manner <br />and with the same effect as if this Mortgage had not been made. T,heMol't'" <br />gagor may at any time and from time to time (i) make any change in. the <br />situation of any of the buildings or other property hereby mortgaged pro'" <br />vided that the fair value of any such building or other property upon.. com- <br />pletion of such addition, alteration. 0)' r...'~,,:>deling shall not be. less than, the <br />fair value thereof immediately prim' .he commen~ement of such addition, <br />alteration, remodeling or i'ebuilding ,with the term "fair value" as used <br />herein, with respect to buildings or other property. to be deemed t".l mean <br />the fair value thereof when used in a business similar to that in which the <br />Mortgagor is engaged). The Mortgagor shall be permitted at all times ud <br />from time to time to sell or otherwise disoose of. without the consent of the <br />Mortgagee and free from the lien of this Mortgage', any fixtures which may be <br />subject to the lien hereof, when obsolete, worn out or unnecessary for the <br />purposes of the Mortgagor. <br /> <br /> <br />10. SATISFACTION. This Mortgage shall become void and the Mortga- <br />gor entitled to a release in recordable form upon full payment of the Note, <br />including any accrued interest, and all other payments made by the Mortgagee <br />and secured by this Mortgage. <br /> <br />This Mortgagor has executed this Mortgage as of the day and year first <br />above written. <br /> <br /> <br />"Mortgagor" <br /> <br />-."", <br />DEVCO INY.ESTMENT CORPO,R'A'J,',f,ON, <br />A Nebras}ta.9orpor8;Usw- // ....., <br />~.'---. / ;:>/ //':-:.~ / //: ~.--- <br />By /7 L/"t1'~( Cp l.:::::-LLC,:.." <br />~ Title Fj) EC;;;'Dl"-IU T <br />. <br /> <br />-3- <br /> <br />u <br /> <br />L <br /> <br />~ <br /> <br />L <br />
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