|
4.
<br />add i t Tana 1 advances, or i r~ ~th,e event 'he P~rtgagar sh,oa.: i c eel I , either a;,tr i y,~h,Ft, by i and
<br />contract, by le'se purc,,ase agre2rn€3nts, ar other,~ise, oar title Thereto s:oui~~:; cf'herwise
<br />become vesTed in persons other than the P•iortgagcr; then the whale indebtedness hereby
<br />secured shall thereupon or at any time thereafter, at the option of the Association, become
<br />im~nediateiy due and collectible without further notice and this Mortgage may then be fore-
<br />closed to reccvet the same, with interest thereon, at i! °n and ail reasanable costs
<br />ar,d expenses of suit, including abstracting or title search tees. Acceptance by P~€ortgagee
<br />of one or mcns installment payments on the indeb#edness secured hereby subsequent to any
<br />sale or change in ownership or possession of said real estate, or any part lhereof, as
<br />above provided, as to which mortgagee has not granted its writ#en consent, shall not
<br />constitute a waiver of Mortgagee's option to accelerate the whole indebtedness hereby
<br />secured, which option may be exercised 6y P•1ortgagee at any time. No delay or ommission of
<br />i4artgagee to exercise any right or option accruing upon any default shall impair any such
<br />right or aption, or shall be construed to be a waiver of any scch default, or an acquiescence
<br />therein; and every option and remedy given by this P•iortgage to the P+brtgagee may be exercised
<br />`from time to time as often as may be deemed expedient to Mortgagee.
<br />Provided further that in the event of default in the performance of any of tfie terms
<br />and conditions of this Mortgage, the Nate secured by #his Mortgage, or any other notes for
<br />additional advances, on the part of the Mortgagor, the Assaciation shall be entitled to the
<br />immediate possession of the premises above described, together with all the rent, revenues
<br />and income, including any land contract payments due the 0."brtgagor ar any other incomes ofi
<br />any type whatsoever, to be derived therefrom, and said Association may, in its discretion,
<br />use the rents so far as it deems necessary for the purpose of making repairs upon the
<br />premises, and for the payments of insurance premiums, taxes and assessments upon said
<br />premises, and for necessary expenses incurred in renting said premises and collecting rents
<br />therefrom, and to apply on said note and notes and agreements for future advances, until
<br />the indebtedness sQCUrsd is fully paid; but said Association she!! in na ease be !iab!R3 for
<br />the failure to procure tenants, to collect rents, or to prosecute actions to recover
<br />passession of said premises.
<br />A
<br />Executed this % day of _~c~ , f9~.
<br />do D. Bain Midge, a partner ul R. ney a rtner •7om R. La son a partner
<br />R.inat Za ._~T~ ct~~ pd.et~.,,..: e
<br />Steven Leininger~partner ~on 1=. Luebs, a partner P+lareus C. Rowland, a partner
<br />STATE ~3F PdEBRASKA
<br />
<br />ss;
<br />_ ,
<br />'v'ra ~iki~~-`:say Gi ,e t~'e~, "+)v ia~rc~ me, ~ Notary ~Ui31 i`C I:i arid for 3c it~
<br />~oun?y, persona; iy ca~r~ the'a ' _e r;am$d ~l~.i~~N D. BAlNf31?iDt=E,, ~1 r2~. ~('•F,~^;cyF T^"~~ R_ Ap; ~v
<br />~~T~ti ~irlN,t~~~~„~JON F. LUEBS to me well known to be the indentical persons whose names
<br />~~~'aftf'i~ he above Mortgage as grantors and are severally adknowledged the
<br />said instrument and the execution thereof, to be their- voluntary act and deed.
<br />WITNESS my hand and Notarial Seai, the day and year last above written.
<br />AIL r~5ii1_C.1~~Et__)
<br />Notary Public
<br />My commission expires on the ~ day of ~~l_ , 19~.
<br />~~-~_,
<br />
|