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<br />7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />h empowered to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />not taken, and Mortgare shalt apply such compensation, at its option. either to a reduction of the Indebtedness secured
<br />hereby or to repair and restore the property to damaged.
<br />& Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act willoh the Mortgagor
<br />has Weed but fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof'.. Mirtgagor
<br />$Cot to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums to expended
<br />by the Mortgagee atoll be added to the Indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shall not incur any Personal tlabltity because of anything it may do or omit to do hereunder,
<br />9. Default; Asignm(tnt. of Rents. Time Is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage, includini covenants to pay when due the sums sec.ire I by this Mortgage. the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare all sums secured by %;.is Aortgaga ;a be immediate:; dua &"d
<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 and without regard to Use adequacy of the
<br />seaufity, enter upon and take pouesdon of the Property and collect the rants, issues and profits therefrom and apply them
<br />Ant to the cat of collection and operation of the Property and then upon the Indebtedness secured by thin 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. 'lamer of Property, ii ali or any pan of the rjoi*rty is auid us i.a..sfrned w;thou: the zxp;esa .:it:;a cra-
<br />sent of the Mortgagee, MortgaVe may at its sole option, declare all sums secured by this M ,3rtgage to be immediately due
<br />and payable.
<br />11. FUbne Advances. 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 indebtadn. ss secured by this
<br />Mortgage. not including sums advanced to protect the smAty of this Mortgage, exceed the original Note.
<br />12. Miscellaneous Provisions.
<br />(a) • Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) All remedies, Provided herein are disOuet and cumulative to-trey, other right afforded by I*W or equity,
<br />and may be exercised wricurrently, independently or successively.
<br />(c) . The covenants and agreements contained herein shall bind, and the rights inure to. the respective•
<br />successon and assigns of the Mortgagor livid the Mortgagee.
<br />,d) Ell save :a'itt: and a9mments of th? Mee-pier P--z i2int •': s ?vorbt
<br />(el 11ho 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. Release. Upon payttlent of all sums secured: by this Mortgage, Mortgirgoe shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
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<br />IN WITNESS WHEREOF. Mortgagor has executed this ge on t day of rs] .L 19 _ 9
<br />Borrower-
<br />Borrower
<br />State of Nebrasita, HaLL Codify. a:
<br />On this 20th day of Aaril 1912L. before me, the undersigned, a Notary Public-
<br />duly.mm—allUs oned and qualified for said county, peneva0y came ate•= n ; i- r -nrf•-
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<br />Identical , to me known to be thQ
<br />petson(sl whose name(s) are subscribed .to the foregoing 1paUument and aeknowlei*d the execution thereof.
<br />to be trf r voluntary act and deed.
<br />Witness my my hand and notarial seal at Grant lslanc Nr_',easlca in said county, the
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<br />My Commission expires: _
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