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<br />additional advances, or in the event tlhe N~iortgar~r shoo?'d sail, either outright, by land
<br />contract, $y lease purchase agreements, or o#herwise, or title thereto should otherwise
<br />become vested In persons other than the kbrtgagor; then the whole indebtedness hereby
<br />secured shall thereupon or at any time thereafter, at the option of the Association, become
<br />immediately due and collectible without further notice and this Mortgage may then be fore-
<br />closed to recover the same, with interest thereon, at !2Z ,~ and ail reasonable costs •
<br />and expanses of sulY, including abstracting or title search fees. Acceptance by Mortgagee
<br />of one or moresnstailment payments on the indebtedness secured hereby subsequent to any
<br />• sate or change in ownership or possession of said real estate, or any part thereof, as
<br />above provided, as to xhich rrbrtgagee has not granted its wr'stten consent, shall not
<br />constitute a xaiver of Nbr~gagee's option to accelerate the whole indebtedness hereby
<br />secured, which option may be exercised by Mortgagee at any time. No delay er ommission of
<br />ticrtgagea to exercise any right or option accruing upon any default shall impair any such
<br />right or option, or shall be construed to be a waiver of any such default, or an acquiescence
<br />therein; and every aptton and remedy given by this hbrtgage to the Mortgagee 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 the terms
<br />and conditions of this Mortgage, the Note secured by this Mortgage, or any other notes for
<br />additional advances, on the part of the Mortgagor, the Association shall be entitled to the
<br />immediate possession of the premises above described, together with all the rent, revenues
<br />and income, (ncluding any land contract payments due the Mortgagor or any other incomes of
<br />any type xhatsoever, to be der(ved therefrom, and said Association may, to 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 fior necessary expenses incurred in renting said premises and collecting rents
<br />therefrom, and fio apply on said note and notes and agreements for future advances, until
<br />the indebtedness secured is fully paid; but said Association shat! in no case be liable for
<br />°, the failure to procure tenants, to collect rents, or to prosecute actions to recover
<br />';r possession of said premises.
<br />STATE OF NEBRASKA 1
<br />ss:
<br />C(li Y+iTY i5F iiA1~4. )
<br />Qn- thi3 2Z- day of December ,ES~q, be#ore ~~;, a Mary i3ufi3lic in an~# for said-
<br />County, personally Came the above r~~igN pER~p~~~ 3 LCRETTA L. LARSEN • AND NENR~' C f3ACH
<br />2UTM i. BAGH; AND DEAN R ERICKSDNto me we ~ nown o be the indentical persons whose namesT
<br />~,re affixed tp the above Mortgage as grantors and are severally adknoxledged the
<br />said instrument and the ax®eutton thereof, to be theft voluntary aet and deed.
<br />WITNESS wry hand and Notarial Seal, the day and year last above written.
<br />_ ~
<br />''C' i .,L z _z _...~ ~~.. st r ' -ate--.-_..
<br />Notary Pubilc
<br />iS
<br />My commission expires on the_,%'~ day of ,,~`+YZ ~~ ~. ~ I9 d~•-~.
<br />aAi~liMT~~ i.
<br />~4oasa4,+Ma1 Wa
<br />Execu#ed th(s ~~ day of December 19 ~g _
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