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live of rep ryutcrtts nor permrtted by the note) to ...-~~- _ .., : (i} that if the Mortgaged Property or uuy powtion <br />thereof ih~rl'1 be t:vk2n utr a;3anragrcd under the power of eminent domain, t]re award for any pre>perty so taken or d;nnagcd (including <br />severance, darnagcs to the ox~:ntaining premises! ~sPrall be pelt! tar the Mortgagee and applied in full <rr in part at the option of the Mort- <br />gagee in reduction of the indebtedness hereby secured; U) that the Mortgagee shall have the right to inspect the Mortgaged Property <br />at such reasonable :mes as the Mortgagee may desire [o determine the Mortgagor's compliance with the covenants contained in ths° <br />Mortgage: {k) that the hlorigagec may release from the lien hereof any part of the above-described real property without requiring any <br />consideration therefor. and !I} drat he is lawfully seized of said premises in fee simple, that the same are free from encumbrances <br />except as may otherwise be speciFically noted herein or waived in writing by the Mortgagee, thae he will execute or procure any <br />further necessary assurances of title and does hereby warrant generally [he tide to said premises and will forever defend the same <br />against the claims and demands of all persons whomsoever, and [hat his separate estate, whether vested, contingenror in expectancy, <br />is hereby conveyed and he does hereby expressly waive, release and relinquish all rights and benefits of any homestead, dower, curtest', <br />appraisement, exemption and stay laws of this state. It is agreed that the interest provided for in sub-section (g) above shall be 12°?~ per <br />annum or the highest lawful rate permitted by contract under applicable law, whichever is lesser. <br />SECOND: That if [he Mortgagor shall default in the payment of the Note or in the performance of any of the covenants or agree- <br />ments herein or in the Note or in any agreement collateral hereto contained, or if the then owner of the Mortgaged Property shall <br />make an assignment for the benefit of creditors or shall file a petition for relief under the Bankruptcy Act of 1898, as amended, or <br />under any similar statute, or shall be adjudicated bankrupt or insolvent, or if any receiver, liquidator or trustee shall be appointed for <br />such then owner or any of his property. then in such event, the entire indebtedness hereby secured shall, a[ the option of the Mora <br />gagee and without notice to the Mortgagor, be due and collectible at once by judicial foreclosure proreedings or as otherwise provided <br />by law, or, when available under applicable s[amtes or rules of practice, by advertisement and sale, and in such an event this provision <br />shall be deemed as authorizing and constituting a power of sale as mentioned in said statutes or rules; [hat in addition to the rights and <br />remedies herein, the Mortgagee is hereby authorized and empowered az its option co exercise forthwith and from time to time any <br />further rights and remedies available to the Mortgagee under the laws of the state wherein the Mortgaged Property is situate, such as <br />d:e right to collect the rents, issues and profits, or to have a receiver appointed to collect the same. <br />THIRD: The following schedule(s) is (are! annexed hereto and made a part hereof !if no entry, this section is inapplicable): <br />FOURTH: That the covenants herein contained shall bind, and the benefits anal advantages thereof shall inure to the respective <br />heirs, executors, administrator;, successors, and assigns of the parties hereto. In this Mortgage unless the context otherwise requires <br />words in the singular number include the plural and in the plural include the singular, and words in [he masculine gender shall include <br />the feminine and the neuter. <br />IN WITNESS WHEf(Et_)F, each of the undersigned has signed, scaled and delivered this Mortgage as of the day, month and year <br />first above written. ~ ~,p.,,~, j <br />Witnesses : ... .. .. ........ -..... _...... -..._ ._.., ........ _. .. i/~ ~„"' ~'^ .. - ._r__. 'U/~ .....,... ............. ..... <br />V !Seal) <br />Ir ante Sahlin - ' <br />on a . in _ se <br />r-- r <br />STATE OF NE~F2ASKA <br />Neal ~'_~`a"~. .- _... _ ..... . .,.(Seal{ <br />ss. <br />COUNTY OF #~~)MlBX , Hdll lilili <br />iSrall <br />~~~ - I ~'{~)!~!r. ~~ I-'1 ` ~ ~`".f `~/". ~r. 4.j Notary Pu bhc in and #or sar3 C,~un {>,' a;i:.t SLt Lt, .~u herrh~ -2rtify that <br />vt+_ this... 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