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<br /> 7. -Condemnation. In the event the Property, or any part therno[, shall be taken by em(nent domain, the Mortgagee
<br /> is empoweted to collect and receive ali wmpensation wh(ch may be paid for any property tsken or for damages to property
<br /> oot taken, and Mortgagee shffiI apply such compensa4on, at its option, either to a rnduction of the indebtedness secwred
<br /> hernby or to repau and restore the property so damaged.
<br /> ( 8. Per[ortnance by Mortgagee. Mortgagee may, but shall hsve no oblfgation, to do any act which the Mortgagor
<br /> tus agreed but Paiis to do, and Mortgagee may also do any act it deems necessary to protect the lien hereo[. Mortgagar
<br /> , agi�es' to repay' upon demand, any sums so expended by the Mortgagee for the above purposes, aad any sums so expended
<br /> 6y t6e Mortgagee shall be added to the indebtedness secured hezeby and become subject to the lien hereoL Mortgagee
<br /> shall not incur any pexsonal liab�ity because o[ anyEhing it may do or omit to do hernunder.
<br /> 9. Detault; Assignment of Rents. 15me is at the essence hereo[, and upon Mortgagor's detault in any covenant
<br /> or agreemeni of t�'Sis �ortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br /> be entitled, at its sole opUan and without notice, to declare all sums secured by this Mortgage to be immedfately due and
<br /> payahle and tnay commence foreclosure of this Mortgage by judicial proceediags; and, provided further, that upon such
<br /> default the Mortgagee, or a teceiver appolnted by a court, may at its option and without regazd to the adequacy of the
<br /> secutity, enter upon and take possession of the Property and collect the rnnts, issues and prof fs therefrom and apply them
<br /> Qest to the cost of collection and operation of the Property and then upon the indebtedness securnd by this Mortgagee;
<br /> said rents, issues and proLits being assigned to the Mortgagee as turther security for the payment ot the indebtedness
<br /> secured hereby. .
<br /> 10. 34ander of Property. If all or any part ot the Property is so►d or transferred without the express written con-
<br /> sent of the Mortgagee, Mortgagee may at its sole option, deciare all sums secured by this Mortgage to be immediately due
<br /> and payable.
<br /> 11. Future Advances. Upon request o[ Mortgagor, Mortgagee may make additional and future advances to
<br /> Mortgagee. Sach advances, with interest thereon, shall be secured by this Mortgage when evldenced by promissory notes
<br /> stating that said notes . am securnd hereby. At no time shalt the principel amount o[ the indebtedness securnd by this
<br /> Mortgage, not including suats advanced to protect the security o[ ttais Modgage, exceed the original Note.
<br /> 12. Miscellaneoua Provisions.
<br /> (a) Any torebearance in exercising any right or remedy shatl not be a waiver thereof.
<br /> (b) All rnmedies provided herein are distinct and cumulative to any other right aCfocded by law or equity,
<br /> and may be exexcised concurrently, independently or successively.
<br /> (c) The covenants and agreements cantained hernin shall bind, and the rjghts inure t�., �lse :espective
<br /> successoxs end assigns of the Mortgagor and the Mortgagee.
<br /> (d) Atl covenants and agreements of the Mortgagor are joint and several.
<br /> (e) ,T6e headings of the paragraphs of this Mortgage are for convenience only and shalt not 6e used to inter-
<br /> pret or define the provisions hereoP_
<br /> 1S. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br /> shalI esecute and deliver a satistactory release therefoc'_
<br /> IN WITNESS WHEREOF, Mortgagor has executed this Mort ge on thei�thia of A �_ , 19 �$.
<br /> AME� A ZE , TR��
<br /> . - � . . ' 8onuwer' � .
<br /> . � � . . � . � . . . Borrower
<br /> State of Nebraska, �LL County ss:
<br /> pn th�y 19th �y o[ Apri1 19 before me, the unde d, a Not
<br /> � / ,y� ary Public
<br /> duly commissioned and qual for said county, peisonally came Y�'���' � ` r /�"� l—��°�[i
<br /> . . . . � � � /�i .c -s��z_R� . v '�. � ,
<br /> , to me known to be the
<br /> identical person(s) whose name(s) are subscribed to the focegoing insttument and acknowledged the execution thereof
<br /> �o be t�leir voluntary act and deed.
<br /> Witness m hand end notariat seat at Grand Is land
<br /> Y in said county, the
<br /> ' date atoresaid . /_
<br /> My Comtnission expires: /v? — /� ' � ..��� i
<br /> - �y -1�.��. - �- ��� ���t � , �-
<br /> ' • . � L'EME7IRLNOTARY . SbIlOfJNbf. � ! . � NotarY PubLe �
<br /> � 1UflEM M. NlEDFELT
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