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<br />82--~~,G03'~
<br />lMortgag+ee {whether electing to declare the whole mortgage due and
<br />~~ollectible or rot?, may, but need not, effect such insurance,
<br />affect such repairs, pay such taxes and special assessments, and
<br />311 such payments with interest thereon at the highest legal rate
<br />.applicable'to a'natural person, from time of payment shall be a
<br />.lien against the Property.
<br />5. ACCEDERATI'ON AND RECEIVERSiiIP. If default shall be
<br />made in the payment o the Note, or any part of the interest
<br />'thereon, or any other advance or obligation which may be secured
<br />thereby, such as taxes, special assessments, insurance and repairs,
<br />or if Mortgagors shall suffer or commit waste on or to the Property,
<br />or if there shall be a failure to comply with any and every condi-
<br />tion of this Mortgage, then, at the option of the Mortgagee, the
<br />~+Tote and the whole of the indehtedness secured by this Mortgage:,
<br />including all payments for taxes, assessments, repairs, or insur-
<br />ance premiums, shall become due and shall become collectible at
<br />once by foreclosure or otherwise after such default or failure.,
<br />and with notice of default as provided in the promissory note
<br />which this Mortgage secures. At any time after the commencement
<br />of an action in foreclosure., or during the period of redemption.,
<br />the Mortgagee shall have the right to have a receiver appointed
<br />to take immediate possession of the Property and of the rents and
<br />profits accruing therefrom, and to rent the same as the Receiver
<br />may deem best for the interest_ of all parties concerned,
<br />6. MSSCELI,ANEOLiS. The term "Mortgagors" and "Mortgagee."
<br />as used herein., znclu es successors in interest. fihis Mortgage
<br />shall be construed in accordance with the taws of the State of
<br />Nebraska. The maturity date of the note is February 1, 1.992.
<br />Each. party signatory to this Mortgage hereby releases, waives,
<br />and relinquishes. any dower, homestead, or statutory interest in
<br />this Property or any part thereof and waives., 'to tine extent per-
<br />mitted by law, any rights of redemption in or as to the Property.
<br />7. LITIGATION EXPENSES. In any action or proceeding
<br />to be commence except an acta.on to foreclose this Mortgage or
<br />to collect the debt secured hereby, to which action or proceed-
<br />ing Mortgagee is made a party, or in which it becomes necessary
<br />to defend or upho?d the lien of this. Mortgage, Mortgagors shall
<br />reimburse Mortgagee upon demand for al.l sums paid by Mortgagee
<br />for the expenses, including reasonable counsel fees, of any
<br />litigation to prosecute or defend the rights and lien. created
<br />by this Mortgage ar otherwise to determine the rights or obliga-
<br />tipns of Mortgagee. In any action or proceeding. to foreclose
<br />this Mortgage, or to recover or collect the debt secured hereby,
<br />the provisions of taw respecting the recovery of costs:, disburse-
<br />. menu and allowances shall prevail unaffected by this Article.
<br />8. RDDITZONAL PROVISIONS. This Mortgage stall become
<br />void and the Mortgagors: emit e 'to a release in recordable form
<br />upon full payment of the Note, including any accrued interest,
<br />and all other payments made by the Mortgagee and secured by this
<br />Mortgage.
<br />The: Mortgagors have executed this Mortgage as of the
<br />day and year first above written.
<br />_.~ ~;
<br />,~SG~RI~A, DREAER
<br />E3~3'TY ~ ~ItEHE~t v
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