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pr~iar to eni(ry p!f a j€t~1,nt enfarcinlg this lltlartgagle i$'; !'a',i IBorrower ;pays Lerttlicr >411 atoms. wh,it!;h wouid be then duce under
<br />th:~'~a ManBrs, iRbe ~Ktte actsl ,notes ~curi,ng ~iYTttturrr. ,,h~dvan, if any. hod amo acce;leirat~n tsecuirred; ~(b(I Brnr. rarwwer curve alk
<br />bn~aches aI an~ other covenants or i:grcemerns of "Borrower contained in thi=_ Mortgage; {cl Borrower pays all reasonable
<br />expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortaaae attd in
<br />enrc~tntg Lencttr`s remedies as provided in paragraph 18 hereof. including. buz not limittd to, reas~able attorney's fees; and
<br />td) harrower takes such action as Lender may masonabfig require to assure that the Tien of this Mortgage, Lender's interest
<br />in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall contintu unimpaired. Upon such
<br />payment and cure by Borrower, this Mortgage and the obligations secured hereby shad remain in full force and effect as if
<br />rm acceleration had occurred.
<br />7tl<. A~grsment of Reat>~ Appo~fmptt of Receiver, Leader in Pea> As additional security hereunder, Borrower
<br />hereby assigns to Lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 18
<br />htreaf or abandomnent of the Property, have the right to collect and retain such rents as they became due and payable.
<br />Upon acceleration under paragraph IS hereof or abandonment of the Property, Lender, in person, by agent ar by
<br />judicially appointed receiver, shalt be entitled to enter upon, take possession of and manage the Property and to collect the
<br />rents of the Property, including those past due. Ali rents collected by Lender or the receiver shad be applied first to payment
<br />of the costs of management of the Property and collection of rents, irtrluding, but not limited to, receiver's fees, 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 />shall be liable to account only for those rents actually received.
<br />21, Fnttrrt Advances. Upon request of Borrower, Lender, at Lender's option prior to release of this Mortgage, may
<br />make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this Mortgage when
<br />evidenced by promissory notes stating that said Hates are secured hereby. At no time shall the principal amount of the
<br />indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to protect the security of this
<br />Mortgage, exceed the original amount of the IQote plus USS.. (I .,A00. fi.~ ......
<br />22. Release. Upon payment of all sums secured by this Mortgage, Lender shall discharge this Mortgage wwout
<br />charge to Borrower. Borrower shall pay all costs of recordation, if any.
<br />IN WITNESS WHEREOF, Borrower has executed this Mortgage. ~~
<br />Lloyd A.~ To~nsend ............................-i._.-^
<br />Al dean R. Townsend ~er„,~,
<br />STATE OF NEBRASKA .............. HALL.. „ .. , , ............ , . „~tmty SS:
<br />~ ih3s ..... ~ ~ +~........ day of . ; ... hP r i) ....... , 19 fig.. , before me, the undersigned, a Notary Public
<br />husbendman~ iWn Band qualified for said county, personalty came. ~-~-dYa As . TQi1NS.~~4.~ND. Al.~i;AN. Et,..T.QvINSEhD
<br />.........................................................................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. , , , , their, , , , .voluntary act and deed.
<br />Witness my hand and notarial seal at....... Grand , I s I and_,, N@b r~~ka, , , , _ , _ . , , , ,~ said county, the
<br />date aforesaid.
<br />
<br /> My commission expires:/f~3-79
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