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89101853
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Last modified
10/19/2011 10:11:53 PM
Creation date
10/20/2005 9:26:28 PM
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DEEDS
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89101853
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• k <br />C <br />p <br />C� <br />d <br />E <br />T. Condemnation. In the event tae hoperty, 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 damages to property <br />not taken, and Mortgagee abaci 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 />S. ftforrnance by Moetltape. Mortgagee may, but shall have no oblig gon, to do any act which the MoApgor <br />has agreed but fails to do, -and Mortgagee may also do any act it deems necessary to protect the lien hems Mortgagor <br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, amd any sums so expended <br />by the Mortgagee shall be added to the Indebtedness secured hereby and become subject to the Hen hereof. Mortpgee <br />shall not incur any personal liability because of anything it may do or omit to do hereunder. <br />9. Default; Aasigameat of Rent. 'time is of the essence hereof, and upon lifoxtgagoes default in any covenant <br />or agreement of this Mortpp including covenants to pay when due the sums secured by this b5~, the Mortgagee shalt <br />be entitled, at Its soft option and without notice, to declare all sumo secured by this Mortgalle.to be immediately due and <br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such <br />default the Mortgagee, or a receiver appointed by a court, may at Its option an:+d witout regard to the adequacy of the <br />security, enter upon and take poemnsion of the Property and collect the rents, issues and pref3Ls thereffcom and apply them <br />Ent to the cat of collection and operation of the Property and then upon the fnd�t zm secured by this Mortgagee; <br />said rents, issues and profits being assigned to the Mortgagee as further security tri tbr payment of the indebtedness <br />secued hereby. <br />0. Zianafw of Property. If all or any part of the Pro ` `= <br />. perry is sold or tranafeaed rdii�t►"t the etrpress written con- <br />set of the -Mozng4pe, Mortgagee may at its sole option, declare all su ms.secuned by this Wine to be immediately d'ua <br />srd LaaSabe: ' <br />Ftr4 Advances. Upon request of Mortgagor, Mortgagee may jrllke: <br />.aift.Ojenall snake: . and future adandxs to . <br />Mortgagor• SzA advances, with interest thereon, shall be secured by this Mortgage when egidenced by promissory totrs. <br />stating that said. notes are secured hereby_ At no time shall the principal amount of tbe: h0ebtedness secured b i tills': <br />Mortgage, not iatduding sums advanced to protect the security of this Mortgage, exceed the crl;lfaal Note. <br />12. MisceRuwous Provisions. : <br />(a) Any forebeuance in eyercising any right or remedy. Shall not be a waiver tsnrint <br />, Ul remedies provided herein are distinct and cum"O rtive to any outer ri sk s'Lfforded bylaw of a i.fiti, <br />id may be exercised concurrently, independently ¢t successircltr. <br />(c) The covenants and agreements contained hernia 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 fnd 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 />13. Rek wit Upon payment of id11 sums secured by this Mortgage. Mortgagee sha • diem: age this Mortgage. and `, <br />shall execute apil.digiverasatisfactory rekwe therefor. <br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the day of Mil ,19 �. <br />• soaoror <br />AXIZINNa do 9airaaae <br />State of Nebraska. IkZ County ss: <br />On this 60 day of -1 19w . before me, the undersigned, a Notary ry it8i.c i. ') /l ` <br />duly commissioned and qualified for said county, personally cane R*Wt L Offillb Md BlRbM J. GO& <br />to we known to be th <br />Identical person(s) whose name(s) are subscribed to the foregoing Instrument and acknowledged the execution thereo� <br />to be voluntary act and deed. <br />Witness my hand and notarial seal at ii>rtt d 102=4 • ffebraeft in said county , the <br />date afaressid . , i <br />My Commission expires: <br />NotM Public t ' <br />- <br />{� fir <br />F11 <br />� <br />wpace "now 7nts IMe Kesm" rat lAaafl ma HM[itdtr)— •--� -- <br />•t )� <br />p <br />lt- <br />t• <br />CIO <br />H t:f t ads: 1 ": t► 3U3 t R5) <br />• S � t <br />r t 3 <br />f <br />a <br />t <br />�• J <br />(dii <br />
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