|
s ..._~ i
<br />u
<br />prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under
<br />this Mortgage, the Mote and notes securing. Future Advances, if any, had no acceleratiors occurred; (b) Borrower curet all
<br />breaches of any other covenants or agreemems 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 />eraiorcistg Leader's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonably attorney's fees; and
<br />(d) Harrower takes such action as Linder may reasonably require to assure that the lien of this Mortgage, Lender's interest
<br />in the Property and Borrower's obliga.:on to pay the sums secured by this Mortgage shall continue unimpaired. Upon srYth
<br />paymatt and rarre by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if
<br />no acceiera~on had occurred.
<br />~. Atef~eot of Rasar; Appeiatmeat of Recdver, Leader 1n Posseasbn. As additional security hereunder, Horrtrtver
<br />hereby astigaa to Lender the rents of the Property, provided that Horrawer shall, prior to acceleration-under paragraph-18
<br />hereof or abandonment of the Property, have the right to collect and retain such rents as they become due and payable.
<br />Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender, in person, by agent or by
<br />judicially appointed receiver, shall be entitled to eneer upon, take possession of and manage the Property and to coBat the
<br />rents of the Property, including those past due. All rents collected by Lender or the receiver shall be app}ied fhst to payment
<br />of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiuttrs on
<br />receiver's bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. Lender and the reeaver
<br />shall be liable to account only for those rents actually retxived.
<br />21. a Advaeccet. Upon request of Borrower, Lender, at Lender's option prior to release of th» Mortgage, may
<br />make Future Advances to Borrowu. 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 the
<br />indebted eectu^ed by this Mortgage, not including sums advanced in accordance herewith to protect the security of this
<br />Mortgage, exceed the original amount of the Nine plus USS. 5.04.a0A .........
<br />22. Rdeate. Upon payment of all sums secured by this Mortgage, Lender shall discharge this Mortgage without
<br />charge to Borrower. Borrower shall pay all costs of recordation, if any.
<br />Ix WITxESS WttearoF, ~rrawer has executed this Mortgage.
<br />O/tti.r~tc~.~~ /~. ~~.r~~~
<br />"fdich~ael"R:"N'i'ctiofs ........................
<br />,~ ' l' .''I ~~ft-,~Q~
<br />' ' ~a ~ 'ri '1~ : N ~ c iio i s ......................... -ems,,;;;,
<br />STATE OF xEBRASI(Aj
<br />3 SS.
<br />cotnaTlr of HALL 1 -
<br />n
<br />The foregoing instrument was ac;mowiedged before me this I. th day of. 'a: ch
<br />1g81,~ by f4iCHA~L,R, NlCiirJLS,AN4,LAJEAtd M.,NICHOLS,,htls~apd,ond,
<br />wire Grand Island, Nebraska
<br />Witness my hand and notazial seal at. . ,
<br />in said County, the date aforesaid. ~ .~-
<br />~~~ 1 iJ .ter`^Q-~-,tJ ~~
<br />~!f tiosrm. Er lent 3i t9ft Qr
<br />~otary Pttrlic
<br />t9y Coreaissioa expires: (~ ~ 3 G - (~,~
<br />oo n :n
<br />cam, `~ ~ ~ ~ n'1
<br />{' .,,
<br />-~ _ N Tf
<br />J C _
<br />,.,,, v „ ~ ... ~ ~ 3
<br />a --
<br />i~ ~
<br />~* ~ ^' se> f ~ ~.
<br />la O
<br />_`~ ~~..
<br />
|