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<br />III awards e.re hereby assIgned to the Mortgagee: the Mortgag<!1r Is tithorl;aed to collect; ,rec!,h'e(
<br />1, therefor aM' to apply. the same In ;>ayment. Of any Indebtedness ; rurunattjred;secilred' b;;,.tli;1;s"1li .
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<br />II! STATE OF Nehr""k"
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<br />I! I COUNTY JF Hall
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<br />III On th!sa:~ay of
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<br />(7) . That In thee~ent !1rirtgagorsdeJliUlt Inthep/1Ynientofs/11<1 prUicl
<br />of any" Int.erestthe1'eon, e,t the tIme WIlen the sa1li~sllIl.U be~ue,or wIt
<br />of, t!len,et tM optIonor. Mortgagee, tlle entIre Ind"l>tednesssee~ed here
<br />shall' liear Interest at tlJedefault ra.te descr1l>edlnsaldnote, and the
<br />mOrtgage' .01' pursue any othS1'avellable legal remel!Y"
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<br />On, that In the ,event .'act.ion is brOught- to !trreclase --thIs mo~tgage\-_th~ -~ort"ga..t,~e'-:_:4bait~:'t'a
<br />posseSSIOn oftM mortgaged premIses ; andtbe court mlty ap1>olnt a recHverto takep..,sseasloli'O'tc;
<br />the usual powers of- receivers In--like caseg~
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<br />(9)Tllatfallure or delay of Mortgagee toexerC1se.anyof1ts rlghtsot'prlvllegesshall
<br />waive? there-of; that any, act o.f Mort_gagee - wal vtng _~"1Y SlJec-l.f1-G, _d~raul:t ~~r_ t:10.r.ta:~O;t~ _,_~p:~
<br />walve1' of any future defaults; that In case of -defa111t In ttie payment -ofajJiSllfortTz,.tI?n
<br />or In case of payment by MOrtgagee of any Uen, Judgment, tax; lnsllraJ}Ce; cost'o1'e,xpense.o!',:reilt;lii':f
<br />saId Mortgagee shall have tlle privilege, wltllout declarlngtlle wllole.lndelltednessdue.andpayabIe....
<br />account. of such specHlc default for such sumS as are In default . and such foreClosli1'eproceedlngslnllil'
<br />the land deScribed hereIn may be sold, subject to the unpaid Indebtedness hereby secured, 'and -tllls:.mOt
<br />continue as -a- lien for a.T1Y unpaiJ balance.
<br />
<br />(10) That the Mortgagee may extend and defer the me,turltyof and renew and reamortlzesaldlil\telltedness:;
<br />from l1abUlty any party liable thereon, and release fromtM lien hereof portlonsot the'pi'OIl~1'W:COVlWe4;Ir
<br />wIthout affectIng t.he prlor1ty hereof or the lIability of Mortgagors or anyot.he1' party.tor:tJlepayment:ot'
<br />indebtedness., all such extensions. deferments~ renewals, and- reamortlzat.tons to be secured: -h~eby~
<br />
<br />(12) Assignment of Proceeds of Nlneral Leas€-. Morr.gagors hereby transfer, set over, and- convey:-'_-to- M_Qrt'gt1,g,e.e--:~1j
<br />rents, royalties, bonuses, and delay moneys tll.at may from time to tlme become due- and payable undSl',;'attY_:-oJl. --ga'sj.-"_
<br />or other mineral lease of aflY kind now eXistIng or that may here-after come into 'existence-, cDverlng_-:the'-- above--'-lanq "
<br />or any part thereot. All SUCh sums.so receIved by t10rtgagee shall be- appl1-ed to the lndeb_tedness s,ecured- _here,t')Y;,-:OI:_"
<br />said Mortgagee may at 1 ts option t.urn over and dellver to the Mr' 't-gagors or. theIr succes'sors -in lnterest.--anyor:all
<br />of su-ch sums without prejudice to any of Mortgageefs rights 1;0 ;.- ~~. and reta.in ftitur-e sums, and.wttnaut"'prejUdltr~
<br />to any of its ot.her rlgh-ts !lnder th1s mQrtgage. The ;:ran2~';'~' ,j ~i.mveyanc-e- :.'-~_'el.Ulder to Mortgagee_ of.- sal.d__ren~s,
<br />royalties, bonuses, and delay mGney~ shall be construed t;, ..;>. prOVisIon lor the p-a,yment or redUctlon ot.---th-e:-mort.;;..
<br />gage- debt. subject to the ~!ortgageels opt ton ."':: hcrelnbefo~-o;; ...< Jvlded, independent or the mortgage: lien -on -sB.1d:,r9al
<br />estate. Upon payment in full of the mortgage debt and the ielease of thls mortgage of' :record~ thIs conveyance: -sh8i11
<br />become inoperatIve and of no further force and efrect.
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<br />{VO"r-ds a.1'td phrases herei7/., inc L'Udir..g [he acknO'.uLedftment herec1.. shall be construed as in the sing~~a.,. '(yr'" plu.:T'Gl
<br />1!-unbers a.nd as mascuLine, fe~inirR.. or netder- gender J ,2ccording to the context ~)
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<br />:~~: t'~~ro:'e [TIe, -1 Notary :ubU," in .and tor saId ('ounty and
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<br />StatE'. person~-tlly appeared _ Margaret
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<br />R. Kennedy and \.]illiam T, Kennedy, wife and husband.
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<br />to me knm\1i t ,) tH, :rw persons !lamed
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