|
`_
<br /> �
<br /> 7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br /> is empowered to collect and receive all compensation which may be paid for any property taken or for damaRes to property
<br /> not taken, and Mortgagee shall apply such compensation, at Sts optlon, eit6et to a reduction of the indebtedness secuted
<br /> hereby or to repair and restore the property so damaged.
<br /> �� 8. Per[ormance by Mortgagee. AQortgagee may, but shall have no obligation, to do aay act which the Mortgagor �
<br /> ties a�eed but fails to do, and Mortgagee may aiso do any act tt deems necessary to ptotect the lien hereof. Mortgagor
<br /> sg�ees to repay, upon demand, any sums so expended by the Mortgagee for the above. purposes, and any sums so expended
<br /> " by the Mortgagee shall be added to the indebtedness secured hex+eby and become subject to the lien hereoL MortgAgee
<br /> shall not inc� any personal liabiiity becanse:of anything tt may do or omit to do hernunder.
<br /> 9. DeEaWt; Asaignment of Rents. T'ime is ot the essence hereof, and upon Mortgagor's default in any covenant
<br /> or agreement o[this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Modgagee shall
<br /> be entitled, at [ts sole option and withoub notice, to declare al! sums securnd by this Mortgage to be immediately dne and
<br /> payable and may commence Soreclosurn of t6is Mortgage by judicial proceedings; and, provided furthet, that upon such
<br /> de[ault the Mortgagee, or a receiver appointed by a court, may at iks option and without regard to the adequacy ot the
<br /> security, enter upon and take possession o[ the Property and collect the rents, issues and profits theretrom and apply them
<br /> Srat to Lhe cost of coltecttore and operatioa ot the Property and then upon the indebtedness securnd by this Mortgagee;
<br /> satd rents, issues and profita being assigned to the Mortgagee as further security Por the payment of the indebtedness
<br /> secured hereby.
<br /> 10. '15ranster ot Property. If all or any part of the Property is sold or transterred without the express written com
<br /> sent of the Mortgagee, Mortgagee may at its sole option, dedare atl sums secured by this Mortgage to be immediately due
<br /> and paYabte.
<br /> il. Future Advances. Upon request of Mortgagor, Mortgagee may make add[tional and Lnture advaztces ko
<br /> Mortgagee. Such advances, wlth Internst thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br /> steting that said notes are secured hereby. At no time shali the principal amount of the indebtedness secuted by this
<br /> Mortgage, not including sums advanced to protect Lhe secudty o[ this Morcgage, exceed the odginal Note.
<br /> 12. Miscellaneous Provisions.
<br /> (a) My forebearance in exercising any right or remedy shall not be a waiver thereo[.
<br /> " (b) All remedies provided lieretn are disUnct and cumulative to any other ri�t afforded by law or equity,
<br /> and may be exercised �oncurrenUy, independently or successively.
<br /> � _ . . � .:�.^ a
<br /> - (c) The covenants and agreements contained herein shall bind, and the rights inure to, the tespective
<br /> successors and assigns oi the Mortgagor and the Mortgagee.
<br /> (d) All covenants and agreements of the Mortgagor are joint and sevetal.
<br /> (e) The 6eadinga o[ the paragrsphs of this Mortgage are for convenience only and shell not be used to iater- '
<br /> pret or detne the provisions hereof_
<br /> 13. Release. Upon payment of all sums securnd by this Mortgage, Mortgagee shall discharge this Mortgage and
<br /> shall execute and deliver a satis[actory release thernfor.
<br /> IN WITNESS WHEREOF, Mortgagor 6es executed this Mort e on the �.tL day ot M , 19 T$
<br /> �
<br /> . � � i
<br /> i
<br /> ro _ eier � � / sono,.�• : .
<br /> . �� r�-�''' � ��, b�-�� ` ,t�t� 1-
<br /> o'�sa�e 'L . Geier ���We�
<br /> State ot. Nebraska, NAI I County ss: .
<br /> pn this 4'th dey of Mav , 19 �$, before me, the undersigned, a Notary Public
<br /> duty commissioned and qualiGed for said counry, personally came CaY'r011 D . Gel er dnd Ro5d1 i B L .
<br /> Geier Husband and Wife , to me known co be cne
<br /> identical peisoa(s) whose name(s) are sabscribed to the forngoing instrument and acknowledged the execution tt�ereof
<br /> � � hl 5 d�ld heP voluntaty act and deed_
<br /> ` 5�,�,b�dle � Ya�notarial aeal at GT'dOd ►1d _ in said county, the '
<br /> ' �R�� " �~ —
<br /> " �c�M F���? �- s - �9 - � . .- —'�� - � =-� `_. %' ��`��'
<br /> . �, �..-- �
<br /> a :.:_ ;
<br /> . . . . .. , . r �: . � . . �. .: . . � . . . . . , tary Pubtle �
<br /> ��'-.4'� (SD�ce BHow Th4 i.inaRe�ervad For Lendec and ReeoMer) . .
<br /> ,=.s--�+� . ;: ' - . ' . N � ... �n Y.��: . . , . . . � . . �
<br /> '�� . � " � . y , � � � .
<br /> Z � ' ^ .-� . �,, � [ . .
<br /> � t < �� Gy w :V; . � . . . � . , -
<br /> } � Y
<br /> Cu
<br /> I $m i � ' �Yl ' � �� , � v,r ` - . .
<br /> � � , : �s O , �' � � M � . ' �`1,1 . ci•
<br /> ., 0 � �r tis � ;. � - j�} . � C • : � . . . . - . � . .. .`
<br /> , .� ' 8 � (� ��,a •� . � .
<br /> ,�r .n �::,, Q � ' . .
<br /> .- � '- . ' . h � y . �°� , . . � � �
<br /> ..,-p � � � � 4�- F.- ..:' iC - \ ���� j'L , ., . . . _ . . ...
<br /> OQ • cz co, z .» .a o : V
<br /> ��: '`� � � - ��� N . cti �� �� O^O f � � _ . � . . . a, x`
<br /> . . ~7. ! C ' . �NBC 1086IND 800'�. a ' �� . . � � �.: : � . � . . .
<br /> . � ;.. :. � � ' . .. : . . , . ...: . ' . . .: . ; � , ` , ' . _� ,
<br /> 3
<br /> , . . . � '�Y.f. . n:;•r. _ , . � . . �
<br />
|