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79005187
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79005187
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Last modified
1/13/2010 3:44:22 AM
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1/13/2010 3:44:17 AM
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DEEDS
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79005187
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i <br />Lot F'r,'#ezr.teen (19) o£ i~c,ssell,.m,ara ;~~r.c~~rrrad' S~~sb~divv+isiory, <br />an additior: to the City of Grand Island, as sur- <br />veyed, platted and recorded, ir. #=all County, t;e- <br />braska {herein referred to as "Tract A") - <br />and <br />Lots Five {5) and Six f6), Block Two (r}, Packer <br />and Barr's Addition to the City of Grand Island, <br />as surveyed, platted and reccrded in Fall County, <br />2vebraska (herein referred to as "Tract B"} <br />TO HAVE AND TO HOLD all of the same with alt privileges <br />and appurtenances thereunto belonging unto the tTortaagee, as <br />Trustee for the holders of the Bonds and to its successors and <br />assigns, forever. <br />PROVIDED, HOWEVER, that if tortgagor, its successors <br />or assigns, shall well and truly perform or pay or cause to be <br />performed or paid all of said obligations of Mortgagor under <br />the Guaranty according to the true intent and meaning thereof <br />then upon perfornance of such obligations and final payment <br />or satisfaction of such obligations this t!ortgage and the rights <br />hereby granted shalt cease, determine and be void, otherwise <br />this Piortgage to be and remain in full force and effect. <br />It is further agreed that upon the happening of any <br />failure er default on the part of tortgagor in performance of its <br />. obligations under the Guaranty, the Mortgagee, its successors <br />or assigns shall be entitled to immediate possession and use of <br />the premises beret n rrlnve yarl and tL+ the rents , is.~..~ _~ ..nd of its <br />thereof, the same being hereby pledged and assigned as additional <br />security for the obligations and liabilities secured by this <br />instrument and the Mortgagee, its successors and assigns shalt <br />be entitled to a receiver of said property and to t2:e rents, <br />issues and profits thereof, immediately upon such default and <br />a receiver may be appointed by any Court of competent jurisdiction <br />and all rents and profits, income and revenues from such property <br />shall be held by such receiver as additional security fcr th¢ <br />payment of liabilities and obligations hereby secured, and <br />_ the Mortgagee, its successors and assigns shall also at once <br />_ become entitled co foreclosure and sale of the premises. <br />' It is further agreed that Mortgagor may obtain the release <br />of Tract 8 from the Ifen of this Real Estate hTOrtgaoe by payinn to <br />
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