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78008107
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Last modified
1/12/2010 2:10:34 PM
Creation date
1/12/2010 2:08:30 PM
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DEEDS
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78008107
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-31- <br />anct marshaling in the event of foreclosure of the liens <br />hereby createet. If ariy lair referred- tea in -this sectian -and <br />nooi in foY~ce, cif which ~Yortgagorj i~tortgagor's Y~eirs, deUisees, <br />rep±-esentatives, successors and assigns or other persrin <br />might take advantage despite this Section,- shall-hereafter <br />'be repealed nr cease. to be in force,- such law shall not <br />thereafter be deemed to preclude the application of this <br />Section.- .Mortgagor-expressly waives and relinq~iishes any <br />.l <br />F <br />end all rights and remedies which 1~2ortgagor may have or be <br />- able to assert, by .reason of the laws of the State of Nebrasla , <br />,pertaining to the rights and remedies of sureties. <br />5.63 Limitation of Interest. It is the intent of z~ort- <br />gagor and Y4e>rtgagee irr the execution of this Mortgage. snei <br />the Neste and alI other instruments securing the Nate to <br />- ccsntract in strict co~ngliance with the usury-laws of the <br />State of Nebraska governing the loan evidenced by the Note. <br />In furtherance thereof, mortgagee-and A4csrtgag©r stipulate i <br />and agree that Wane of-the terms-.and provisions contained in <br />the Loan Instruments shall-ever be construed tcs create a <br />ntract far the use: forebearance or detex~itio~a oaf a~snev <br />;. <br />requiring payment of interest at a rate in excess of the <br />maximum interest rate permitted to he charged by the laws of <br />the State of Nebraska governing the loan evidenced by the <br />Neste. Z~ortgagor or any guarantor, endorser or other party <br />no~* nr hers:after beeomiā¬~g llable for the j3ayrr~nt esf the Neste <br />shall never be lia~aie fcs?~ unearned .interest on the Note acid <br />shall never_;be reeluired to pay interest.on the Note at a <br />..rate in ea~e~ss of the ,maximum interest that stag be ~avrfully <br />ciidrged under the laws of the State of 1~Febraska-and':the - <br />prc.~YSXOas of t3~is Section s;~all control oar all other <br />- - - - - - F <br />prfl_~isions of the Note and env other instrument executed in <br />connection herewith which may ~e in apparent conflict heretv.tt~., <br />En the event env holder o~ t~.e Note shall collect manias <br />which are daeme3 to consti*tse interest which waulr3 otherwise <br />increase the effective interest rate on the mote to a rate <br />in eXCess of that permitted to<charged by the-Taws of the <br />
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