|
1
<br />7, COndeenNtl0a. In the event the Property, orany pert thereof, shall be taken by eminent domain,the Mortgage
<br />htmpower0d to cWk ct and receive all compensation which may be paid for any property taken or for damages to property
<br />PM Ukta. and Matgagee AIUM apps'y such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property so damaged,
<br />1L lrrfoteaaaee by Mortgage* Mortgagee may, but shalt have no obligation, to do any act which the Mortgagor
<br />has attesea but fats to do, and Mortgagee my also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />agtm to repay, upon demand, any sums so expended by the mortgagee for the above purposes, and any sum so expended
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien bereof. Mortgagee
<br />sLal not incur any personal 11ablllty because of anything it MAY do or omit to do hereunder.
<br />f. Default; Asidgammt of Rants. Time Is of the essence hereof, and upola Moripgoe's detain in any covenant
<br />oe agreement of this Hortpge, including covenants to pay when due the sum secured by this Mortgage, tie Mortppe shall
<br />be entl*d. at Its sole option tnd without notice, to declare sti sums secured by this Mortgage to be immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial
<br />default the Mortgagee, or a receiver a Q' sad, provided ftrrttler, that upon such
<br />appointed by a court, ma<y at ib option and without regard to the adequacy of the
<br />security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />first to the cost of collection and operation of the Proptrty and then upon the indebtedness secured by this Mortgagee;
<br />UM Teats, haues and profits being assigned to the Mortgagieee as farther security for the payment of the Indebtedness
<br />secured hereby.
<br />10. 'Ikander of Property. If all or any put of the PMM' sty is sold or transferred without the express written con-
<br />sent of the Mortgagee, Mortgagee may at its sole option, aware all sums'.seeured by this Mortgage to be immediately due
<br />and payable.
<br />11, Fuhm Advances. Upon request of Mortgagor. Mortgagee may make additional and 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 prinaipal amount of the indebtedness secuipd by this
<br />MAW, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />1� Mieodlaneous 8rovitlons.
<br />(a) Ari) forebearance, in ezercisiar any right or remedy shall not be a waiver thereoL
<br />(b) AN remedies provided herein are dkiinct'and cumulative to any other right afforded by law or equity,
<br />and may be exercised coocuu iA4, Illdependemttg Qrsuccessively.
<br />(c) The covenants and apeemfts contained herein shall bind, and the rights Inure to, the respective
<br />successors and assigns of the Mortgagor and "the Mortgagee,
<br />(d) All covenants and ape+ements of the Mortgagor are joint and several.
<br />(e) The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter-
<br />pret or define the provisions hereof.
<br />i8. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discha this Mortgage. and
<br />shall Pic Iftte and deliver a satisfactory release therefor: rge
<br />IN WITNESS WHEREOF Mort
<br />gagor has executed this Mortgage on the 2nd day of FehruarT.._,1984_.
<br />I fttrick L. Fitzgeral awaowee
<br />`— (Rita A. Fitzgeraldfe6 sorrower
<br />State of Nebrasita, Hall County ss:
<br />Eln this 2rsd day of FehrUar
<br />• �— Y ..19...82., before me. the undersigned, a Notary Public
<br />` duiT cxititmissioned and qualified for
<br />9 said county, personally carne Patrick i _ Ftr79pralri s' Rita a
<br />-Ej ¢pairs - i+uehand and wife , to me known to be the
<br />�MehUt*'-person(s) whose names) ore subrald�etl'to the foregoing instrument and acknowledged ge the execution thereof
<br />to -be, r voluntary, act rigid "deed.
<br />Witness my hand and notarial seal-at Grari.i latanrl Nohenclem in said coon the
<br />date aforesaid. �M 110TAA1( -j`�la a �� county,
<br />MY Commission expires:
<br />91 i3clt M1.
<br />Notary Public
<br />(Soobe Ballow This tine Reaeseed For Lender and Recorder)
<br />.000_�0
<br />n
<br />rn
<br />C
<br />c'y cn
<br />1
<br />r`�
<br />y
<br />D r.
<br />M
<br />��
<br />'► 6
<br />t— CD
<br />Nk 1068 IND 309 2 1e0
<br />v to
<br />M
<br />G
<br />1
<br />f
<br />r_ -
<br />t�
<br />M
<br />MI
<br />
|