|
prior to entr7r of a judgment enforcing this R4ortgagz if: la) Borrower pays Lender all sums which would be then due under
<br />this Mortgage, the Note and notes securing Fhntre Advances, if any, had no acceleration occurrzd~ (bl Borrower cures a[3
<br />breaches. of any other covenants or agreements of Borrower contained in this Mortgage: (c) Borrower pays aFl reasonable
<br />expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained an this Mortgage and in
<br />enforcing Lender s trmedies as provided in paragraph 18 hereof, includimg, but not limited to, reasonable attorney's fees; and
<br />(d) Harrower takes sueh action as Lender may reasonably require to assure tha4 the lien of this Mortgage, Lender's interest
<br />in the property and Borrower s obligation Yo pay the sums secured by this Moregage shalt continue unimpaired. Upan such
<br />payment and cure by Borrower, this Mortgage and the c,bligations secured hereby shall remain in full force and effect as if
<br />nn acceleration had occurred.
<br />2G. Assiga4»eM of Rents; Appointment of Receiver, Lender in Possession. As additional securiry hereunder, Borrower
<br />hereby assigns to Lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph t8
<br />hereof ar abandonment of the Property, have the right to collect and retain such rents as they become due and payable.
<br />Uipon acceleration under paragraph 18 hereof or abandonment of the Property, Lender, in person, by agent or by
<br />judiciagy appointed receiver, shall be entitled to enter upon, take possession of and manage the Property and to collect the
<br />rents of 4he Property, including those past due. .4i1 rents collected by Lender or the receiver shalt be applied first to payment
<br />of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fens, premiums on
<br />receiver's bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. Lender and the receiver
<br />shal3 be liable to account only for those rents actually received.
<br />21. Ftrture Advances. Upon request of Borrower, Lender, at Lender's option prior to re]easz of this Mortgage, may
<br />make Future Advances to Borrower. Such Future Advances, with interest thereon shall be secured hp this Mortgage when
<br />evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal amount of the
<br />indebtedness secured by this Mortgage, not including sums adv~nced in accordance herewith to protect the security of this
<br />Mortgage, exceed the original amount of the Notc pica USS... O,QOQ,QQ, .. , .,
<br />22. Rekine. Upon payment of all sums secured by this Mortgage, i.ender snail discharge this Mortgage without
<br />charge to 3orrower. Borrower shall pay all costs of recordation. if any.
<br />IN WITNESS WHEREOF, Borrower has executed this Mortgage.
<br />Bernard J. Nelson -s°"tANer
<br />_ .) ~ >: _
<br />i -..,L~7
<br />Mistt A. nelson -e°^°"°'
<br />STATE OF NEB[tASICA ................. LiALL .....................COnnty SS:
<br />On this..... 26th day of _ februdry 19.$?., before me the undersigned a Notary Fublic
<br />duly commissioned and qualified for said county, personally came.BERNARO J. NELSON ANU ,M~STI. A., ,NELSON,
<br />.husband.and.wife .......................................................to me known to be the
<br />identical person(s) whose name(s) are subscribed to the Foregoing instrument and acknowledged the execution
<br />thereof to be...thear........voluntary act and deed.
<br />Witness my hand and notarial seat at.........GL"dnd..LS1dOd,. N.ekCdSka..........ia said county, the
<br />date aforesaid.
<br />A+ly Commission expires: ~ " 3 ©~ ~"~
<br />~Al iIMBf a lYitMl1 Mwtb.
<br />~~
<br />_~
<br />'` "` ~/
<br />ery Public
<br />(SDace neirnv This Line Reserve° For Lentler an0 Recortler)
<br />i
<br />O l~
<br />'
<br />~ ~.. aA Gi
<br />?•
<br />~1
<br />~
<br />e-- ~ ~ ~
<br />G7 m ~ ~
<br />~ < a ~
<br />
<br />~: ~.
<br />.w rr ...t ye_J Q
<br />g
<br />4 t :.°=
<br />exe ~
<br />c
<br />* ~
<br />~
<br />
<br />~ '°
<br />
<br />r-
<br />w
<br />~
<br />` ~ ~
<br />v
<br />(~ ~
<br />c
<br />>u
<br />
|