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<br />7. Condemnation. In the event the Property,orany part thereof, shall be taken by eminent domatn,the Mortgagee
<br />is empowered to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the Indebtedness secured
<br />hereby at to repair and restore the property so damaged.
<br />8. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but falls to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so aapeaded
<br />by the Mortgagee shall be added to the indebtedness secured hereby and became subject to the Hen hereof. Mortgagee
<br />shall not Incur any personal liability because of anything it may do or omit to do hereunder.
<br />9. Default; Aerlpmasent of Rents. Time is of the essence hereof, and upon Mortgagor's default In any covenant
<br />or agreement of this Mortgage, including covenants to pay when due the lama secured by this Mortgage, the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage .to be immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided farther, that upon aueh
<br />default the Mortgagee, or a receiver appointed by a court, may at Its option and without regard to the adequacy of the
<br />security, enter upon and take possession of the Property and collect the rents, hues and profits therehooa and, a�{z(y them
<br />flat to the cost of collection and operation of the Property and then upon the indebtedness secured by this ttf w4si ee;
<br />said rents, Issues pad profits being assigned to the Mortgage as further security for the payment, of the. th&btedneu
<br />secured hereby.
<br />`.16. Tr da of Property. if all or any pa of the Fmper(.y is sold or transferred without emu ;aaittea con-
<br />srnt .cif �ht Mortgagee, Mongagne, tray at its sale option, dc+�larls Olt sums .somina by.. 4�1s Mort fxz ll�* laahtl�e�iftely due
<br />'and payable.
<br />11. Future Advances. Upon request of Mortgagor. Mortgagee may make additional future advances to
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />stating 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. Miscellaneous Pmvisions.
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver themeof:
<br />(b) All remedies provided herein are distinct and cumulative to any other right affbtded,by lair rot equity,
<br />and may be exercised concurrently, independentlyorsoroeesslvely.
<br />(c) 'IU covenants and agreements contained herein shall bind, and the rights i2um: to, tire. espective
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<br />(d) All covenants and agreements of the Mortgagor are joint and several.
<br />(e) The headings of the paragaapbs of this Mortgage ace for convenience only and shan mot lie used to inter -
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<br />pret or define the provisions hereof.
<br />IS. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Ko ge and
<br />shall execute and deliver a satisfactory release therefor.
<br />WITNESS WHEREOF, Mortgagor) ss executed tblsMortgage on the L_ day of January 19 89F .:
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<br />(C. Robert Lunn) Bouower
<br />anCX, L. Lunn) Benower
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<br />State of Nebraska, Hall County se;
<br />On this 18th day of January 19' 89, before me, the undersigned, a Notary Public
<br />duly eombftioned and qualified for said county, personally cow C. Robert. Lunn and Nancy L.
<br />Lurfn:: husband and- '.awri fe b
<br />rA me known to be the to
<br />itdem ded persons) whose name(s) are subaau`be4 to the foregoing Instrument and acknowtedgc-rf•the execution tllereaf >\
<br />to; be.
<br />their ; voluntary act'and deed.
<br />dnotarialsealat Grand in Nebraska,.ty,the��J
<br />Witness !my han d an
<br />date aforesaid.
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<br />MY -Star If Mf�mb d % � �' ti
<br />7 MARK O. STELK Norars Pubbe
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