prior to entry of a judgment enforcing this Mortgage if: (a} Borrower pays Linder all sums which would be then due under
<br />this Mortgage, the Noie and notes securing Future Advances, if any, had no acceleration occurred; (b) Harrower cura al!
<br />breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
<br />expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
<br />enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's fees, and
<br />(d) Borrower takes such action as Lender may reasonab)y require: to assure that the Lien of this Mortgage, Leach's inaerCSt
<br />in the Property aad Bortower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon audr
<br />payment and care by Borrower, this Mortgage and the obligations secured hereby shall remain in full fottx oral effect as if
<br />aoatxeleration had ocmrred.
<br />Z6. Assigameot of Rents; Appoiannent of Receiver, fender io Poseeseioa As additional security hereunder, Horrowtt
<br />hereby assigns to Leader the rents of the Property, provided that Bortower shall, prior to acceleration under paragraph E 8 -
<br />hereof or abandonment of the Property, have the right to collect and retain such rents as they become dire and payable.
<br />Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender, in parson, by ugeat or-by
<br />judicially appointed receiver, shall be entitled to enter upon, take possession of and manage the Property and to collect the
<br />rents of the Property, including those past due. Atl rents collected by Lender or the receiver shall be applied first to.paymmt.
<br />of the costs of management of the Pmpetty and collection of rents, including, but not limited to, receivers fees, premiums on
<br />receiver's bonds and reasonable attomey's fees, and then to the sums secured by this Mortgage. Lender and the receiver -
<br />shall beliable to account only for [hose rents actually received.
<br />21. Fatare Advances. Upon request of Borrower Lender, at Lender's option prior to release of this Mortgage, may.
<br />snake Future Advances to Bortower. 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 fhe
<br />indebtedness secured by this Mortgage, not including sums advanced in accordance herewith to.proteM the security of this
<br />Mortgage. exceed tke original amount of the Note plus USS.. Z,50D...Q~.......
<br />122. Release. Upon payment of alb sums secured by this Mortgage,; Lender shall discharge this Mortgage.. without', ',
<br />charge to Borrower Borrower shall pay alt costs of recordation, if any. ~, '
<br />Ix WITNESS WtaExeoP, Borrower has executed t i/s ~~age~. ~ %/~
<br />.~.~. i .. G .. .
<br />Kober -~D: Schulfiz Jt ~,,,,w.,'
<br />Donna N. Schultz `~ --aorr~r
<br />STATE OP NEBRASKA .............HALL..........................County 55:
<br />On this..... 27.#h .......day of... August ......., 19.$0 ., before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came ROBERT. D_. SCNULTZ. AND..DONMA• N...SGNULTZ,
<br />.~usGand .and.l+jfe ........................................................to me known to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution
<br />thereof to be....tba.if.......voluntary act and deed.
<br />Witness my hand and notarial seal at.......Grand. J s.land, .Nebraska ............in said county, the
<br />date afot'esaid.
<br />My Commission expires: ~o . e
<br />.......:.`rJ.-.~~. ..........................
<br />Notary PuElic
<br />t iii.:, i,: - v
<br />r~ C C~ ~ S v YeL,.e1:
<br />MY _",.9. tdEYEA
<br />~'~0. i6, Irpl
<br />~~
<br />~..
<br />O
<br />zm
<br />~ `~
<br />~~ a~
<br />a~
<br />oc ~ I
<br />IQ~'
<br />- _
<br /> ~
<br />p h
<br />~ _
<br /> c E ~ ;,
<br />Q t7 U'4 ~ :._
<br />tLl/U
<br />W - :i
<br />u)
<br />(Spew Batow Thin LiM Reserwtl For Lender end Recorder)
<br />c'
<br />~- - ~ rr
<br />2 ,- ....
<br />
<br />c~ fir, _ ,.
<br />a w
<br />1; ,
<br />c~9
<br />.J~
<br />
|