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<br />make an assignment for the benefit of creditors, Martgagee, <br />at her optian after giving notice as required in the <br />Agreement for Sale of Real Estate dated December 30, 19 g1, <br />in which the Mortgagee, as Seller, sold the abave-described <br />property to the Mortgagor. as Buger, may declare the entire: <br />amount of indebtedness secured hereby immediately due and <br />payable, and may foreclose this mortgage as pravided by law. <br />7. Zn the event that foreclosure proceedings are <br />commenced, Mortgagee shall be entitled to immediate posses- <br />sion of the mortgaged property, and the Court may appoint a <br />-receiver to take possession thereof without regard to the <br />adequacy of the security. The receiver shall be entitled to <br />collect. and receive rents, issues and prafi,ts, and apply the <br />same, less cos s of operation and collection, to aatisfac- <br />tion of delinquent tales, provide insurance, make needed <br />repairs to improvements, make any other expenditures authorized <br />by the Court, and to apply any sum remaining after such <br />payments to satisfaction of the indebtedness secured. hereby. <br />6. Mortgagor agrees to reimburse Mortgagee for <br />expenses reasonably necessary or inc~.dental to the protec- <br />tion of the property and the security, and to the enforce- <br />ment of or compliance with the previsions hereof, and the <br />note secured hereby, including, but not limited to, costs of <br />evidence of title to the aurvey o£ the property, costs of <br />recording this and any other instruments, court costs., <br />expenses of litigation, (including attorney's fees, if <br />permitted by law), and any expenses of sale, <br />If the indebtedness secured hereby, including a1i <br />principal, interest, and any advancements made. by the Mort- <br />gagee shall be fully paid, this mortgage shall be-null and <br />void= <br />II3 WITNESS wEiEREOF the Mortgagor has executed this <br />instrument the. day and year first above written. <br />r <br />/ .. <br />ay w. el <br />ST~.T~ OF NEBRASKA l l~ftli-~hrd:~ <br />s s . a~~a ~ <br />.Hall. County ) "-~~-r~r.a~ua•l~ <br />The foregoing instrument was acknowledged by me <br />this 3G~Ch day o£ ~Ye!ceenbeX x1981,. by stay .wO. fk~~pfeld. <br />-~e~.c...G-...._..-i.~ ~C ~.. <br />Notary Public `~ <br />M~~ commission expires : -~Q~r..~~/~ c~-~_ / 1'~T <br />