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<br />7. Condemnation. In the event the Property, or any part thereof, shall betaken by eminent domain,the Mortgagee
<br />h empowered to coilectand recelve all compensation which maybe 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 or to repair and restore the property so damaged.
<br />& Perforatanee by MwIgWe. 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 bereof; 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 hettof. Mortgagee
<br />shall not Incur any personal liability because of anything it may do or omit to do hereunder.
<br />S. Default; AsaWsawnt of Rents. Time Is of the essence hereof, and upon Mortgagor's de&@t In any covenant
<br />or agtr!etnant of this Mortgage, including covenants to pay when due the sums 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, prodded further, that upon such
<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, issues and profits therefrom and apply them
<br />Ant to the cost of collection and operation of the Property and then upon the Indebtedness secured by this Mortgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />10. Transfer of Property. If all or any part of the Property is sold or transferred without the express written con -
<br />sent of the Mortgagee. Mortgagee may at its sole option, declare all sutx wAavd by this Mortgage to be immediately due
<br />and payable.
<br />11. Future Advsc...es. 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 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 />M bdncellaneous Provisions.
<br />iaev • Any torebearince in exercising eay right or remedy shall nat -b*a rr� r.LPT. iereof.
<br />:.bk All umardes provided herein w. ii stint and cumulative rrs &;:?- f, r;_h t affordef isy raw 62eniity,
<br />and may be exercised .oncurrently, Independently or successi, :.y.
<br />(c) The covenants and agreements contained :min shall bind, and the rights inure to, the respective
<br />successors and assign% of the Mortgagor and the Mortgagee.
<br />(d) Ali covenants and agreements of the Mortgages am joint and several.
<br />(e) The headings of the paragraphs of this MortM_: are for convenience only acid shall not be used to inter-
<br />pret or define the provisions hereof,
<br />12, Raieusr. Upon payment of all sums sEczed by this mortgagee shall discharge this Mortgage and
<br />*Z'e:Jr E'-Ay. 6_tt;iara sat isfaetory release there�r:.
<br />IN: WITNESS WHEREOF, Mortgagor has executed t1i:s fir ga a on the,.tthday of Fphruary ,19 _8l.
<br />. !,owe1I) Borrower
<br />(Elaine K. EyawiaLlZ Borrower
<br />Stag erf. Nebraska, Hall County SS; .
<br />on this 24th day of February 1912--. before me, the undersigned, a Notary Pithlic
<br />duly commissioned and qualified for said county, personally came Janbes -.P_ Powell _ anti Elaine K.
<br />_Pawpll, hrrchan anrt w*fp , to me known to he the
<br />identical p0rson(s) whose name(s) are subscribed to the foregoing'nurament and acknowledged the execution theivof
<br />to be _ their vulunWy+ act and deed.
<br />Witness my hand and notarial serf at —Grand A sland. Nebraska in said county, Nee .
<br />date aforesaid.
<br />GENiMJ NOTARY -S -ts of *Mfr
<br />My Commission expires: OEVRA MEBEti
<br />Notary PuLllc �.
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