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<br /> 7. Condemnatlon. In the event the Property, or any part thereof, shall be taken by eminent domain,the Mortgagee
<br /> is empowered to collecband recelve a(! compensation which may be paid for any propedy taken or Por damages to property
<br /> not` taken, aad Mortgagee shall apply such compensation, at its option, either to a reductton of the indebtedneas securnd
<br /> hereby or to repalr and restoi+e. the property so dartiaged.
<br /> I8. Perlormance by Mortgagee. Morfgagee map, buk shall ttave no obtigation, to do any act which the Mortgagor
<br /> has agreed but fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br /> agi�ees to rnpay, upon aea,�a, any sums so expended by the Mortgagee for the above purpo�es, and any sums so expended
<br /> by the Mortgagee shalf be added to t6e indebtedness secured hernby and become subject to the lien hereoL Mortgagee
<br /> shall not incur any pecsonal liability becaose of anything it may do or omit to do hereunder.
<br /> 9. Detault; Aasignment oL Rents. 'ISme is ot the essence hereof, and upon Mortgagor's default in any covenant
<br /> or agreement o[ this Mortgage, including covenantB to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br /> be entitled, at its sole option and without notice, to declare ell sums secured by this Mortgage to be immediately due and
<br /> payable and may commence tomciosure of this Mortgage by judicia! proceedings; and, provided Purther, that upon such -
<br /> default the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br /> secuNty, enter upon and take posaession of the Property and collect the rents, issues and profits therefrom and apply them
<br /> Ctst to the cost of collection and operation of the Property and then upon the indebtedness securnd by this Mortgagee;
<br /> aaid rents, Issues and proLts being as5igned to the Mortgagee as further security for t6e payment oC t6e indebtedness
<br /> secured hernby.
<br /> 10. Transfer of Property. It all or any part of the Property is sold or transferred without the express written con-
<br /> sent o[ Lhe Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br /> and payabte.
<br /> 11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br /> Mottgagee_ Such advances, with internst thernon, shall be secured by this Mortgage when evidenced by promissory notes
<br /> stadng that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this
<br /> Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br /> 12. Mlscellaneous Provisions.
<br /> (a) My forebeazance in exercising any right or remedy shall not be a waiver thereoL
<br /> . , (b) All remedies provided 6erein are distinct and cumulative to any other righ4 afforded by law ot equlty,
<br /> - `" and may be exercised roncurrently, independently or successtvely.
<br /> (c) The wvenants and agreements contained herein sha11 bind, and the rights inure to, the respective
<br /> succesaors and asaigns o[ the Mortgagor and the Mortgagee_
<br /> ' (d) All covenants and agreements of the Mortgsgor are joint and several.
<br /> (e) The headin� of the pazagraphs of this Mortgage are [or convenience only and shatl not be used to inter
<br /> : pret or deSne the provisfons hernoL
<br /> 13. `Release. Upon payment of ati sums secured by this Mortgage, Mortgagee shalt discharge this Mortgage and
<br /> shall execute and deliver a saEisfactory release therefor.
<br /> _ `, : IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 1Qt221ay of Marcty_ 19 �Q
<br /> ,
<br /> %f`�./Lz/`'� -��/ ��"o-`P".'
<br /> 1�arvin . �wanson B,n,w�_
<br /> � ` �
<br /> � . ' � ���.�.'r� � �v'� `�U ) GL'1'1.�.� fil'l �-
<br /> aaLnieen �'Swanson �noW�r
<br /> State o[ Nebr6ska, �'LL County ss: '
<br /> pn thig lOth day of MarCh 19 78 , betore me, the undersigned, a Notary Public
<br /> duly commissioned and qualifed Por said county, personally came M3Yvin G . SWBnSOn 3rid
<br /> Kathleen M . Swanson
<br /> , to me known to be t6e
<br /> identical pexson(s) whose name(s) are subscribed to Lhe foregoing instrument and acknowledged the execution therno[
<br /> � be h ; c a „a i,or voluntary act and deed.
<br /> wttr,ess m hand and notarial seal ac Grand Island
<br /> Y in said county, the
<br /> ` date aforesaid . '
<br /> . � -' My Commission expires: /.� _ /�_ �� _ � �� � � ��
<br /> ��L ��A�Y� �1M�d �hL � Not�ry Public
<br /> KAREM M. N�LT.
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