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1 <br />L <br />1 <br />7. Condemnation. In the event the Property, 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 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 />11. Performarice by )1t+artgagea. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor <br />has agreed but falls to do, and Mortgagee may also do any act It deems necessary to protect the lien hereof. Mortgagor <br />agrees to repay, upon demrand, any sums so expended by the Mortgagee for the above purposes. and any sums to expended <br />by the Mortgagee Mall 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 />9. Default; Anignrrsent of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant <br />ovagmement 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 eotrimence foreclosure of this Mortgage by judicial proceedings; and, provided further. that upon such <br />default the Nortgagee, or a receiver appointed by a court. may at its option and without regard to the adequacy of the <br />aecuHty, enter upon and take paseaslon of the Property and collect the rents, tsaues and profits thomtrom and apply them <br />first to Use cat of collection and operation of the Property and then upon the indebtedness ee-mired by this Mortgagee; <br />said rents, blues and profits being amig ed to the Mortgagee as further security for the payment of the indebtedness <br />secured hereby. <br />10. 7hWer 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 sums secured by this Mortgage to be immediately due <br />and payable. <br />11. Future Advances. Upon regieest of Mortgagor, Moe -gagee may make additional and future advances to <br />Mortgagor. c,%?Ll. ±dv_z:es. 7!6. ; :.zt::art "*h'.: ot.. 51.41.:3 L: secured by this Mot :gage wnen evldenced by promissory notes <br />stating that mid notes are secured hereby. At no time shall the principal amount of the indebtedness. secured by this <br />111=4W, not including sum* advanced to protect the security of this Mortgage. exceed the original Note. <br />IZ. Mis 101110 eons Provisions. <br />(a) Any forebeamnee in exercising any right or remedy shall not be a waiver thereof. <br />(b) All remed Rs provided herein are distinct and cumulative to aria- other right afforded by law or equity. <br />and may tae exercised concurrently, independently or suceessivety. <br />(e). 7,be covenants and agreements contained herein shall bind. and the rights inure to. the respeetEve, , <br />successors a. ^dtasslins 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 are for convenience only and shall not be used to inter- = <br />ptet or define the provisions hereof. <br />13. Release. Upon payment of all sums secured, by this Mortgage. MorkjpRe shall di&ehrrIe •hip 'ti:. ;ca.ae and <br />s9ralt execctte and deliver a saintsewr rpl••c•• rhea; •� _ <br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the day at' .19 _ . <br />Borrower - <br />- Borrower r. <br />\h "t <br />Mate of Nebraska, county ss: <br />tP On this day of 19►. , before me. the undersigned. a Notary Public <br />dull; commissioned and qualified for said county, personally came . o12 ` oe &A f ��� Jr <br />�—_ '�� "-- - - --- _ -- to me ksro+rn to be the <br />v identical,peaon(s) whose name(s) are subscribed to the ►oregoing instrument and acknowledged the execution thereof <br />: — voluntary set and deed <br />ob Witness my hand and notarial seal at • irr,wd county. the <br />�dateatoressid. : <br />JijkY" My coma issionexpire 411 jj.,4 z., <br />OL <br />i <br />�• (sque Below 77rY U is Reaenra0 or Lsnder and Recorder) <br />c1 7, fit+ <br />2F E'1 <br />.. w <br />