80005189 - Laserfiche WebLink

Browse

G3657-L - 9/15/60 8Q- 0051 ~3 incident to the foreclosure or sale proceedings; second, to the indebtedness and other sums secured hereby; third, any amount remaining to Mortgagor. Mortgagor hereby waives all rights of marshalling of assets or liens in the event of any foreclosure of the liens or security interest granted herein. 12.2 Upon the occurrence of an Event of Default, Mortgagor, upon thirty (30) days' notice from Mortgagee, shall forthwith surrender possession of the Property to Mort- gagee and, to the extent permitted try law, Mortgagee (or such officers or agents as it may appoint) may enter and takQ possession of the Property, may exclude Mortgagor and its agents and employees therefrom, and may have joint access with Mortgagor to the books, papers and accounts of Mortgagor. Zf Mortgagor shall for any reason fail to surrender or 3e liver the Property or any part thereof after Mortgagee's notice, Mortgagee may obtain at Mortgagor's cost, a judgment or decree conferring on Mortgagee the right to immediate possession or squiring Mortgagor to deliver mediate possession of all or part of the Property to Mortgagee, and mortgagor here try speci- fically consents to the entry of suds judgment or decree. 12.3 If Mortgagor shall default in the payment or perforsiance of any of its o bligations under this Mortgage, Mortgagee may, at its option, take such action (including, without limitation, payment of any sums as to which Mortgagor is so in default) as Mortgagee may deem appropriate to protect i,ts interests hereunder, and any amount so expended by Mort- ga4ee, vrith interest thereon as the highest rate then permit- ted by tiffs laws of the State of Nebraska, shall ae payable by Mortgagor to Mortgagee on demand and shall be secured by this Mortgage, 16