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<br />~r)n 5615
<br />not), may, but need not, effect such insurance, effect such repairs,
<br />gay such taxes and special assessments, and all such payments with in-
<br />terest thereon at the highest legal rate applicable to a natural
<br />person, or, if the Mortgagor is a corporation, or partnership or other
<br />entity at the default rate provided in the Note, from time of payment
<br />shall be a lien against the Property.
<br />5. ACCELERATION AND RECEIVERSHIP. If default shall be made in
<br />the payment of the Note, or any part of the interest thereon, or any
<br />other advance or obligation which may be secured hereby, such as
<br />taxes, special assessments, insurance and repairs, or if Mortgagors
<br />shall suffer or commit waste qn or to the Property, or if there shall
<br />be a failure to comply with any and every condition of this Mortgage,
<br />then, at the option of the Mortgagee, the Note and the whole of the
<br />indebtedness secured by this Mortgage, including alI payments far
<br />taxes, assessments, repairs, or insurance premiums, shall become dne
<br />and shall become collectible at once by foreclosure or otherwise after
<br />such default. or failure, and caithout notice of such default. At any
<br />time after the commencement of an action of foreclosure., or during a
<br />period of redemption, the Mortgagee shall have the right to have a
<br />receiver appointed to take immediate possession of the Property and of
<br />the rents and profits accruing therefrom, and to rent or cultivate the
<br />same as the Receiver may deem best for the interest of all parties
<br />concerned.
<br />6. MISCELLANEOUS. The term "mortgagor" and "mortgagee" as used
<br />herein, includes successors in interest. This Mortgage shall be con-
<br />strued in accordance with the laws of the State of Nebraska. The ma-
<br />turity date of the Note is January 25, 1989. Each party signatory to
<br />this Mortgage hereby releases, waives, and relinquishs any dower,
<br />homestead, or statutory interest in the Property or any part thereof
<br />and waives, to the extent permitted by law, any rights of redemption
<br />in or as to the property.
<br />This mortgage shall bec:otne void and the Mortgagor entitled to a
<br />release in recordable form upon: full paym~>nt. of the Note, incl;:dinq
<br />any accrued interest, and all other payments mad: by the Morty_aaea and
<br />secured by this Mortgage.
<br />This Mortgagor has executed this Mortgage as of the day and year
<br />first above written.
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<br />~y~z_.. ~ ~' Gay ~ _ __
<br />/ ES•E. KEES AN ~~
<br />V
<br />MAR' AN KEESFi21N
<br />STATE OF NEBRASKA:
<br />SS.
<br />-. COUNTY OF BOONE
<br />' This instrument. was acknowledged before me this '.?t.Fc clay of Septem-
<br />bet, 1980, by James E. Keeshan and Mary Ann Keeshan, husband and wife.
<br />.i~ _
<br />MFRAt NT~IY•thddNlleyb ~-.-'%~/`-'°~~Lc ~~-''~.-.r4--':.~._.,__-_.._ _
<br />QARYF..KRU3E Notary Pyb yic~
<br />Mf eom,n, Eep, ~ 7 ~y ~ f
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