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<br />addi7"sonar adv'~ances, or .1. the event the'-r~~=.~ ~_ .. ~,.~I: ~, ~ .., - ~;n* ;and
<br />contract, b { i ease pc;rcr+ase agr=e+y+er,ts , cr o+her:> ,. ~ , - <: ._ r,.± , --- _ *:. ~r;., i sa
<br />become vested in persons :;then than =hp ?=~,rga:yor; .~~~sn ~ .;r-oie "rdabterr;>>s ~.er~rby
<br />5scured shal3 theret~xin yr at any time thereafter, a# ~,,, ;:,ti~.:i ~hP Hs;ociation, become
<br />immediately due and ~oilectibie without further -;once aTd this :-or .ago „ay then ne #ere-
<br />closed to recover the sa!s;~, ~.~;th interest. thereon, at i$,n;_+ ar; rr:'cnabie costs
<br />and expenses of suit, ir:ci;~d:^~; a;,stracting or title searc^ fees.r.cceptan~e by hortgagee
<br />of one or mare installment pay"*2ts on the indebtedness secured -~erF>by subsequent to any
<br />saie or change in ownership or p~ssessio, c.t ,aid real _=fate, c=r any dart theroof, as
<br />above pr:^,vided, as tc which. rrnrt.~agae has n,t r%;nied its written ~cnsent, shall rot
<br />constitute a waiver o; `~tortgar~ee's option .., acc:~ier:ste the ~who(c~ indebtedness t:eraby
<br />Secured, w:rich option --nay be exercised by '-"ortgagee at -any irne. !vo def,~y or ommission ar
<br />htcrfigagea tc exercise any right cr np'.iun ac~rling ~~:or+ ,3ny defa~it ,hall impair any such
<br />right or epti>on, or shall be c~,nstr:.,ed *., be .~ waiver o* any .<.ur_h default, or an acquiescence
<br />therein; and every option; and remedy given uy this i"K3r?Gaga to 'he t.1or''gagee !nay be exercised
<br />from time_to time as often as may be deemed expedient to Mortgagee.
<br />Provided further that in the event of default in the performance c7f :,:~y of the terms
<br />and conditions of this 'bcrtr,4;jo , the :JCt~~ secured by this h,'brtgage, or any other notes for
<br />additional advances, on the part o+ tt.~.i~R~;rteagar, the Association, shall be entitled to the
<br />i maned i ate possess i ~;n at I fu. ;;rerr:i ^~c= ibnr~€~ described , tngathar ,r i th a l i the rent , revenues
<br />and income, including any ;r7nd contract ;,riyrnents duo the '~iartgagor ar any other incomes of
<br />any type whatsoever, to do derived 'here?corn, and Said Assaciatierr may, in its discretion,
<br />use the rents sa far ~s it deerras necessary tar `he purpose of making; repairs upon the
<br />premises, and for the payments :~t insurance premiums taxes and assessments upon said
<br />premises, and far necessary Pxpenses incurred in renting said premises and collecting rents
<br />therefrom, and to apply ~n said rota and notes and agreem€;nts tar future advances, until
<br />the indebtedness secured is Luny paid; but said Association shall in no case be liable for
<br />the failure to procure ter ants, to cc(lact rents, or ,i prosecute actions to recover
<br />possession or said premises.
<br />cuter this 25th ~~e.; ,,, August ~~ 81 .
<br />FIRST AT ONAL DAN 0 GRAND ISLAND,
<br />GRAND S ND, NED ,TRUSTEE
<br />~Y °7o~iri`7CfTc' ns; "Vfi"ce r n~ anTTr~usf
<br />Officer
<br />STATE OF NEBitASKA )
<br />} ss:
<br />GOttWTY pE NACL }
<br />Before roe, a Notary public qualified in said County, personally came John Atkins,
<br />lace President and Trq~t OffiS.er of i'he First national Qank of Grand Island, Grand Island,
<br />N_ebea_ska, a_ bankirt~ corporation, known to rye to be- Ehe Vice Preside_rEt_ and__Trust Officer and_
<br />the identical person who signed the foregoing instrument, and acknowledged the execution
<br />thereof to be his voluntary act and deed as such officer and the voluntary act and deed of
<br />said banking corporation.
<br />t
<br />Witness ray hand and Notarial Seal on $'~ f day of ___~~ 1981.
<br />A otary RuDl is _.._._..______~
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