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<br />(gj ?'hat in the event any awsrds Fire made to [he Mortgagors or their su ccesscrs r! ~ntere st :°r tak ing or dame ^: ng
<br />Dy the exert lse of eminent domai r. the whole or any part of the mortgaged premises or any ass errant therein, the said ,
<br />" awards are hereby assigned tc crie Mortgagee; the Mortgagee is hereby authdriz?d to collet [, receive, °.!d receipt
<br />" ~ therefor and to apply the sumo in payment of any indebtedness, matured or unmatured, sec uretl by this mortgage.
<br />' ? i7j That in the Anent Mortgagors default 1n the payment of said principal. sum, or of any installment thereof, or j
<br />i of arty interest thereon, at th? +..im2 wher, the ssm? ahsli De due, or with resper_* to arty covenant or enndltlee here- i
<br />of, 'hen, at the npt ion of Mortgagee, th? e,•t.ire SndeD redne ss sec!ired hereby sha21 icr thwlth Decome due and payable,
<br />~ shall bear Snterest at the default rate described Su said pots, antl the Mortgagee may immedlat ely foreclose this
<br />.! ~ mo.rt~ge or pursue arty other available legal remedy.
<br />(g) That in the event ac tlon is brnhgrt to ioreclcse tCSS mortgage, the Mortgagee shall De entitled to lminediate
<br />- possession of the mortgaged prem'aes, and the court may appotr.t ~ receiver to cake po ss es sl on of said pram SSes, wl th
<br />the usual powers of receivers in lika cases.
<br />t
<br />l°j ;hat failur? or delay of Mart gagee tc ?xercls? sr>,y at Its rights or prlvSleges shall not be construed as a +
<br />- waiver %ner?of; that any act o* Mor*_gagc-z :sat vt r..-, :•-y specliic default of ,tortgagors shall not. be construed as a ,
<br />i waiver of any future defaults: that ;n case of de L.u It in the payment of any SmorLlzatlen 1nsLallmen is or interest, j
<br />( or in case of payment by Mortgagee ct any lien. J!tdgmen t, tax, Irzurance, cost or expense, or rents, ices or charges,
<br />_ said Mortgagee shall have the ,rivileg?, withnu*.. d°c isr ing the whole ;rdebtedness ..ue and payable, Lo foreclose on 1
<br />account of such spec Sflc def 3;;1. far such sums as !ir= L•; d2taa It and such foreclosure Froeoedings may be had and
<br />- j the land descr iDed heroin may be sc 1.^., stab sect. ~_ the unpaid indebtedness hereby secured, and this mar Lgage shall
<br />-" continua as a Sier. far ary unpaid balance.
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<br />- (SG) That the Mcrtgn_gee may .xt e-1 1*!" r' r the maturity anC ronew and resmor~lze sa±d indeb t.edness, relesse
<br />1 i frem li ab 111 cy spy pasty i1aDt tT..rer, .. ^elease `rem ~.T? !Sep herect portions of the property covered riereDy,
<br />" wi thcut of letting the pr'orl t.y nerecf ~.~ '..he ,ability ,: Mortga_aors or any other party for the psyment of said
<br />ind?D LOdress, e.ll such ?xtensloP.a, -.2.*e^^er.*__...:,erewa ts, an' rzambrrizsc;ons [o be secured hereby.
<br />;1,7.1 "Tarts ier of Security. it G she e^ bat r.=er, th? part es. hereto, 'heir heirs, Segal reDres?nta CS ves and as31gn3,
<br />' that t"te 'htegrlty artd raspars~Di ~ the Corr sat, ~r. on°tlt,.:!.es ~ .. ^: the 'onsideratl cry for the rn US ser_ured
<br />oreby, and tLat ,r t,".e cusp. ; ~ gc rh-=_. _d. r- er - n:ey ~_tte pr,portY descriDetl herein, the
<br />uidr„.gagee may at Sts optleh d_c.~e ~..*.e -n :ndebt=d^,ess ~!rte~ia"?Ls due and ^ay..Dle sod may proceed Sn the en-
<br />forC£~leP.t of its .r'gnts as en atif _ti h?r :e `aui: ... ..,. Terms ~^ the r.,,.e and mo. tgage.
<br />.Ge a - r ier Dy c. art er, tier .v r, n covey to Mortgagee all E
<br />t Sw,s.1@,-t~ent o` ?: c'k^.ea~ds ? a ,
<br />_ og r9i2~ tt}es,r bonuses, ~. v. r r..- t .or!a + -.1 ~ aiD .:rtd er °n_,• oil, gas,
<br />6' .?a$? bf 2T,y .n x- n" ~.t et r ~O(` ~ t X lst er. er'ltg th? above Sand
<br />`e .~~ , z pie s r t K t ,, he ] ed ss s?c.!red hereby; or
<br />,~., '~ par . ~, Pt - _ !
<br />~ ,a _ c^ r t in*ere tit, any or all "
<br />,~`~~~s'`~ wi ~ p,.? ,, - T 5k ] n tt e ~rs sh1 without cr2du,11ce
<br />t spy- aE s~~ fi gt' t . g ~ 't r -- h ~ n . . ~n cr c art ~,agee of . aid rep ts.
<br />95 dR o ~s " d .n 1t ~ :e ^t avmw t t emu ri n cf She mart
<br />~~9~S,Ts d0. ~ ~ i ~ r ~ s r nbe _ _ -?n e- .o tgsge tlen nn saltl real
<br />e5 ate. 3? ~Y'i ... -~ e D '< .. ,_...- ,._ .„r.e:g.. ,:c,. ... .ris conveyance shall
<br />Dec-~t']'S.,; rQbasgy~. \yj1 ,. .. .,_ a_ ...- .... e. _.~, cif 2_:.
<br />Ad~~ .,~ a- ,~,~}_z _ 3 t.,. ., n hG ,^2li~6r n ~64-:t:
<br />' rT ~ - .C 'r' - ....
<br />Petersen Farms, Inc.,
<br />ri a Nebraska Corporation ~y
<br />.. >
<br />P_~`$$T J~ ~i~e%~'7`G~ . - 1-,,~ ~ ~~ ' : z >r3 "~`t i , By ~ ~ \J "_ k..3Ad+-'wy ' SEAL 1
<br />*iargafet ?4. Petersen, Secretary Don Petersen, President
<br />_~._ -- . sEa:. ;
<br />STAfig f38 ~~~._l~ i i
<br />C4UDtfY OF l~J~'L'(----
<br />.nL '.
<br />, !T~
<br />.... ~ G] L]"~-.y „fir.
<br />= C ~:~ 1
<br />N ~ '
<br />~ ~ ra v °~
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<br />(hf this ~ day of _ :. A.D., i9~~ before me, a ~lotary Public in and
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<br />for said bounty and State, persanaliy appeared _ Don Petersen tc me #
<br />personally known to be the identical person who executed the foregoing instrument,
<br />who being by me duly sworn did say that he is President of said corporation;
<br />that said instrument vas signed and sealed in behalf of said corporation, and
<br />aclcaovledged said instru>~nt to be the free and vcluntar~° act and deed .~I said
<br />corporation by it voluntarily e~acuted. / ~ f a
<br />f¢ ~ /s f 3
<br />~ cwaission expires ~ ~~ _ _. ~ _ ;:#.~ r'f+j
<br />-•-~r~--~ - °t°Y-. -------
<br />tt'q~r ,r~ , (( J/ 1 ~
<br />Notary Publ ~i1~if for sa7~ County anii
<br />~~+~~~` 5 tat e
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