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i <br />i <br />7. Condemnation. In the eventthe Property, orany part thereof, shall betaken by eminent domain,the Mortgagee <br />tsempowered to•collect and receive an 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 />j hereby or to repair and restore the property so dammed <br />:. E0i0mmm Ity Mortgagee. )VfM411ee may, but shall have no obligation, to do any act which the Mortgagor <br />has sgfft6 but fai'fe to do,.and MoNWN may also do any aM it deems necessary to protect the lien hereof..Wrtpgor <br />a¢ees 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 Hen hereoU hlortpgee <br />shall not incur any personal liability because of anything it may door omit to do hereunder. <br />L <br />9. Default; Assignment of Rmta. Time is of the essence hereof, and upon MortilaWs default in any covenant <br />tasapeementof this Mortgape,famtitc5ag.covenants to pay when due the sums secured by this Mortgage, theVo <br />rtppe shall <br />lie entitled, at its We optim aced -.sfJc mil notice, to deelm all sums secured by this Mortppe to be immediately due and . <br />payable and may commence fvA4-'-T%AQW of this Mortgage by judicial p np, and, provided farther, that upon such <br />default the Mortgagee, or a receiver appointed by a court, may at its optiand without reprd to the adequacy of the <br />security, enter upon and tats powealon of the Property and collect the rents, louts and profits therefrom and-apply them <br />fiat to the cost of cdletws and operation of the Property and then upum tt� indebtedness secured by this. Mortgagee; <br />said rents, issues and *Vfitt babg aadgaed to the Mortppre as further isecuay for the payment of the indebtedness <br />secured hereby. <br />10. Transfer of troperty. if A (w say part of the Property Is sold or transferred,*ilhout the •express written con- <br />sent of the Mortgagee, Mortgagee r• sy s.4 its sole option, declare all sums secured by this Mortgage to be immediately due <br />ailtd payable. <br />1L Future Advances. Ups- mq. est a4 ?ice -[ agcy;, trtnrtgsgee may make additional and future advi -aces to <br />MU rtgagor. G.uh advances, with inter hereon; shall be i9XUi*4'hy this Mortgage when evidenced by promissory =Q.ea <br />stiOng this s;iid notes case secured he*ieby. At no time s . -ths- principal amount of the indebtedness secured b4 Ran= <br />Mwfpp, not induding s advanced to protect tke security of tliis MortgW, exceed the original Note. <br />12. Miscellaneous i?mvhdons. . <br />(a) Any forebearance i> or- rcising any right or remedy shall not be a waiver ftmeC. <br />(b) All remedies provided herein are distinct and cumulative to any other right affordec by law or equity, <br />and may be exercised conenmenitt_., fildependently or successively. <br />W The covenants and agreements contained herein shall bind. and the rights inure to, the resp nd'.*e <br />successors and assigns of the Mortgagor and the Mortgagee. <br />(d) All caiet;;antn and agreements of the bto►tgsgor.ro joint and; seven]. <br />(e) The tiead5ngs of the paragraphs of this Mortgage are for ccaymience only and shall not be used to inter- <br />plat or define the grwlsions hereof. <br />13. Release. Upon payment at all sums secured by this Mortgage. Mortgagee Atli discharge • 2ttis Mortgage and <br />at-ill execute and deliver a satisfactory release thertfur. <br />IN WITNESS WHEREOF. Mortgagor has executed this Mortgage on the J-Ubdsy of April <br />� '� ;:.tom =_��' .A'.J • _ <br />ress R. l ascae) <br />Borrower- <br />Borrower <br />State of Nebraska, Hall County <br />this loth day o[ April , 19_82, before me, the undersigned, a Notary Ayblic <br />duly commissioned and qualified for wid comity, personally carnit - Stga-wart -1. Paareg anal t(aron R <br />Pacraa <br />y� +Identical . to me known to be the <br />person(s) whout name(s) are suliscrii�ed to the foregoing instrument and acknowledged the execution thereof <br />{ r s, to be their vai m.;W7 act and deed. <br />��; ` Y Witness my hand and notarial seal at Grand Island, Nebraska in said county, the <br />e h date aforesaid. <br />•� (' F� My Commission expires: GfliRAi eui4Fii•St3tt <br />k-' DEVRA <br />Notary Public �^ <br />r^ <br />W (Syaee Below Ub Urte Reserves For Leader and Reeorder) <br />. '�Dttti6'BI!ip3p9 2'B"J <br />b n 4.1 cry C1 W-1 <br />a-� <br />A h y <br />x i v <br />i <br />s <br />I- <br />i <br />co:• <br />1 <br />ri <br />i <br />s <br />I- <br />i <br />co:• <br />1 <br />