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<br />81--iJf~~~r~
<br />Mortgagor shall promptly repair, maintain and replace C.he Prop-
<br />erty ar any part thereof so that, except for ordinary wear and
<br />tear, the Property shall net deteriorate. In no event shall the
<br />Mortgagor commit waste cn or to the Property.
<br />4. QPTIDAI~L ADVANCES. If the insurance regt~ired
<br />above is not prompt y e .acts , or if the taxes or special
<br />assessments levied and assessed against the Property shall be-
<br />come delinquent, Mor*_gagee (whether electing to declare the
<br />whole Mortgage due or not), may, but need not, effect such
<br />insurance, effect ;uch repairs, pay such taxes and special
<br />assessments, and all such payments with interst thereon at the
<br />highest legal rate applicable to a natural person, ar if the
<br />Mortgagor is a cornpration, ~r partnership, or other entity at
<br />the default race provided in the Note, from time of payment
<br />shall be a Lien against the Property.
<br />5. AGGELER:ATZON AND RECEIv€ziSHIP. If default shall
<br />be made in the payment oz t e ~ ot`3 e~cir any part of the interest
<br />thereon, or any other advance cr obligation which may be
<br />secured hereby, such as taxes, special assessments, insurance
<br />and repairs, of if ?Wlnrtgagars shall suffer or commit waste on
<br />or to the Property, or if there shat: be a failure to comply
<br />with any and every condition of this '~crrtgage, then, at the
<br />option of the :~]ortgagee, the Note and the whole of the Lndebted-
<br />ness secured by this Mortgage, including all payments or taxes,
<br />assessments, repairs or insurances premiums, shall become due
<br />and shall become ctallectibLe at once by foreclosure ar other-
<br />wise after suer default «r failure, .tnd withoutnotice of such
<br />default, At any time after tine commencement of an action in
<br />foreclosure, or during the .:.ric~d of redemption, the .`-Lortgagee
<br />shall have the right to have ~i receiver appointed to take
<br />ia~ediaCe possession of the Property and of the rents and
<br />profits ,. :g thectfr~, and tc~ rent or cultivate the same
<br />as the~Receiver ^~ay d€~ern best far the interest of all. parties
<br />concerned.
<br />6. ~rISCELLAI~E.tiiiS. .'he term "'~ortgagor" and "Mortga-
<br />gee " as used her~a' n,iric a es sucfessors in interest. This
<br />Mortgage shall be construed in acccrc~ance with Che taws of the
<br />State of Nebraska. 'l'he mr:turit~r date ;af the "rote is February 1,
<br />19t3b. Each party signatory to this Mortgage hereby releases,
<br />waives, and relinqufshes any dower, homestead, or statutory
<br />interest in the Property or any part hereof and waives, to the
<br />extent permitted by law, any rights of redemption in ar as to
<br />the Property.
<br />3, ADDITIONAL PRt~I%ISICtNS. Mane.
<br />?'his mortgage shall. become void and the Martgagar
<br />entitled to a release in recordable form upon full payment of
<br />the Note, including any accrued interest, and all other pay-
<br />ments made by the Mortgagee and secured by this `~ortgage.
<br />fhi s '~ortgagor i~as executed this ~lartgage as of the
<br />day arrd year first above written.
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