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Y. Condemnation. In the event the Property, orany part thereof, shall betaken by eminent domain,the Mortgagee
<br />is empowered to collect and receive all compensation which maybe paid for any property taken or for darnages to property
<br />not taken, and Mortgagee shall apply 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 />& ihrformance by Mortgagee: Mortgagee may, but shall have no obligation, 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 />agrees 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 hereby and become subject to the lien hereof. Mortgagee
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder.
<br />S. Default, Assignment of Rents Time is of the essence hereof, and upon Afortgpgoies default in any covenant
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured by. t4%. I/dortgage. theMortgagee shall
<br />be entitled, at its sole option and without notice, to declare all sums secured by this Ig^i.to be immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proondinaa; and, provided further, that upon such
<br />default the Mortgagee, or a receiver appointed by a court, may at Its option and without mood 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 />JIM to the coat of collection and operation of the Property and then upon the indebtedness secured by tbk MortgWe;
<br />said rents, issues and profits being. aulped to the Mortgagee as further security for the payment of tile indebtedness
<br />secured hereby.
<br />10. Tra,sfer of Prop utF_ U all. or any part of the Property is sold or transferred without the tigims - r -
<br />sent cf the Mortgagee. Mon&W -e clay- ash its sole option, declare all sums secured by this Mortgage to he tine
<br />- a i gayabls.
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make addit!wA 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 herekw_ At no time shall the principal amount of the indebtedness secured by this
<br />Mortgage, nct including sums advanced to protect the security of this h1ortgage, exceed the original Note.
<br />12. MiscellaneousPm7tiacm
<br />(a) ..Any foreb, :e less <ssri€ing any right or remedy shall not be a waiver thereof.
<br />(b) All reme&e., provided L,s -,n are fittiact and cumulative to any other right afforded by law or equity,
<br />and may bO_ exercised mawrrently, independently or successively.
<br />(c) The covenants and aUmments 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 agreements of the Mortgagor are joint and several.
<br />(e) The headings of the paragraphs of this Mortgage am fnr convenience only and shall not be used to inter- '
<br />pret or define the prorWorts hereof. t .
<br />18. RdJ,es e. Upon payment of alt sums secured by this UwIA74e, Lfiltti -i've shall discharge this Mnr'Wge lmd
<br />dWJ execute and deliver a sOisfactory release therefor.
<br />IN WL• NESS WHE81'e3F. Ir,ort :Mor has executed this Mortp: ge an tiip? hay of February 19.L9
<br />.1' ayne O Borrower
<br />( Lynda_ /i . Aolz) Borrower
<br />State of Nebraska, Hall County ss:
<br />On this 24th day of FPhruary , 19,_$9, before me, the undersigned. a Notary Public
<br />duly commissioned and qualified for u dd county, personally came Wayne W_ Hnlz f. Lynne A. Hnlz,
<br />h2tchand and wife . to me lmown to be the
<br />Identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be their voluntary act and deed.
<br />Witnem my hand and notarial seal at— Grand island„ Nebraska in said county, the
<br />date aforesaid.
<br />My Commission expires: + ! r
<br />GENEAIII RDTAAYOate of MMfta
<br />Notary Public
<br />OEVRA WEBER
<br />r., ° + 11,► Gt+ata E* Ai a 10 .:
<br />(.,,,gads Wow Shit tree Rfier -k4 For L*nder and Recorder) - — - -- - — — �+
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