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prior to emry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
<br />this Afortftage, the Nnrte and notes securing Future Advances, if any, had no acceleration accurred; (b) Borrower cures all
<br />brr.^aehes of any ot'rser Covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
<br />expenses incurred by tender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
<br />enforcing 1_ender s remedies as provided in paragraph I R hereof, including, but not limited to, reasonable attorney's fees; and
<br />(d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage, Lender's interest
<br />in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
<br />payment and cure by Borrower, this Mortgage and the ohligatians secured hereby shall remain in full force and effect as if
<br />no acceleration had occurred.
<br />ZQ. Assignment of Rents; Appointment of Receiver, Lender in Po~ession. As additional security hereunder, Borrower
<br />hereby assigrs to Lender the rents of the Property, provided Thai Borrower shalt, prior to acceleration under paragraph 18
<br />hereof ar aba^donment of the Property, have the right tc collect and retain sur_h rents as they become due and payable.
<br />Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender, in person, by agent or by
<br />judicislly appointed receiver, shall be entitled to enter upon, take passessio~ of and manage the Property and to collect the
<br />rents of the Property, including those past due. All rents collected by Lender or the receiver shall be applied first to payment
<br />of the costs of management of the Property and collection of rents, including, but not limited to, receivers 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 ~ liable to account only for those rents actually received.
<br />21. Future 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 notes are secured hereby. At no time shall the principal amount of the
<br />indebtedness secured by this Mortgage, not including sums adv~n 5~0in0apcordance herewith to protect the security of this
<br />Mortgage, exceed the original amount of the Note plus USE... , ...............
<br />22, Release. Upon payment of alt sums secured by this Mortgage, tender shall discharge this Mortgage without
<br />charge to Borrower. Borrower shall pay all costs of recordation, if any. s ,Q
<br />I ITNESS WHEREOF, Borrower has executed this Mortgage. . i~`~~ ~J .~Sx:CL ...... .
<br />,G Rhonda S. Peters, An Individual
<br />Douglas E'. Peters, An Individual _ ~,~f,~',~ ~,.vR .....................
<br />BY: ~Dougla~ . Peters, President -9ornower
<br />Rodney~i. Peters, An Individual , /,~„~,,,Sy,~,,,.
<br />Rodne ~ .....................
<br />ATTEST: y Peters, Secretary -Borrower
<br />STATE OF I'dg8RA5iiA, ......... H3i.l, .......... ~,I.ounty S9:
<br />On this....?t:~..........day of... August.. _ , . , .. 1979.., before me, the undersigned, a Notary Public
<br />duly commissioned and ualified for said county, personally came.. Dougilas . F. , Peters t Rodney, 24. -Peters
<br />.......
<br />... anti, Itltonda S. tars .................................. to me known to be the
<br />identical person(s) whose name{s) are subscribed to the foregoing instrument and acknowledgt:d the execution
<br />thereof to be. their , .. _ , , , ,voluntary act and deed.
<br />Witness my hand and notarial seal at.. ,Grand Island , - , , , _ ,~ said county, the
<br />date aforesaid.
<br />Myer - ttij ! ~ ~ ~~ .. 1t1...~ ~~~-Y-~
<br />Igl'QktlO IE$.t~110. ttttip 1 .......... .
<br />No4N PuQnc
<br />~aTl1,Tl~ ijP I~~BRAS1~Pi )
<br />CfSIFh'TS OF raeT.T. }
<br />0n this 7th day of August, 1474, before tt~, the underaigtt€d, a I~itary Dliblfe fa
<br />antl for said County, personally carne Douglas F. Peters ,, to the known to be the
<br />fdentical person who executed the foregoing and acknowledged, the execution there of to
<br />t>e his volr~ntary act and deed as President of Peters Brothers, Inc., a Corporation,
<br />and the voluntary act and deed of safd CORPORATTON.
<br />INy Commission expires: April 5, 1480 ~y, /~ j'
<br />~!1[~t, • t#hi d Mite. . ; /; ' ~'~C'~" , ~i•~/~• ~ ~ ~'~'~t'F'H3 ;'f
<br />i AIt~WiY.Ea Notary Public
<br />~~ I~17aIMt-~.~M, tf•Itp
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