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T, Condemnation. In the event the Property, orally part thereof. shall be taken by eminent domaln,the Mortgagee Is empowered to collect and receive all compensation which may be paid for any property taken or for darnWs to property not taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured hereby or to repair and restore the property so damaged. 8. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor has sgreed but tails to do, and Mortgagee may also do any act it deems necessary to proWd the lien hereof. Mortgagor agrees to repay. upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lion bereot. Mortgagee shall not incur any personal liability because of anything it may do or omit to do hereunder. 9. Default; Aoigntowt of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant or agreement of this Mortgage. including covenant& to pay when due the sumo secured by this Mortgage, the Pilo shall be entitled, at its sofa ogtlon and without notice, to declare all auras secured by this, Mott" to be Immediately du and payable and may .commence foreclosure of thk Mortgage by Judicial proceedings; and, provided ember, that upon such default the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the securing, enter upon and take possession of the Property and collect the rents, issues and profits theret3rom and apply them MA to the cwt of collection and operation of the Property and then upon the indebtedness secured by thin Mortgagee; said reefs. issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness secuml..bereby. 10. TT=sfer of Property. If all or any part of the Property is sold or transferred without the express written con- sent of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due and payable. 11, Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by.promissory, notes stating that said notes are secured hereby. At no time shall the principal amount of the Indebtedness secured by this Mortgage, not including sums advanced to protect the security of this Mortgage. exceed the original. Note. IL Mli"llaneous Provisions. (a) Any forebearance in exercisiagany right or remedy shall not be a waiver thereof. (b) All remedies provided herein an distinct and cumulative to any other right afforded by law or equity, and may be exeacLwd roncurrently, independently or successively. (c) ThLb covenants and agreernecrts contained herein shall bind. and the rights inure to, the respective successors and assigns of the Mortgagor and the Mortgagee. id) All covenants and amrements of the Mnr mere am in tnt jild &"Peat (e) . Tw headings of the paiMraphs of this Mortgage am for conventence only and shalt not be used to later. poet or define the provisions hereot 13, lieiew..'UIpon payment of all sums secured by this Mortgage. Mortgagee shall discharge this Mortgage and shalt execute' and deliirer a satisfactory release therefor. IN WITNESS WHEREOF, Monggw fps executed this Mtxtgtge on the 30 day of May ,1989 � , c Larr D. Cj6 ok) noirow.r c &net K. COO)) Borrower State of Nebraska. Hall County ss: On this 30 day of _ . May 19_99 , before me, the undersigned, a Notary Publit duly :commissioned and qualified for said county, personally came Larry D. Cook and .Janet K. Cook, Husband and WiL , to me known to be the Identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof W. be their vgtuntary act and deed. witness my hand and dq(edal ",at in said county ' the data sforesWd. My Commission expires: Notary Public Aft D avr. • K Ir.0 all" T!W Line Rawrved For Lender and Recorder) CA LQ •-_..� N co cra tj t .1 b. rink 106644i4Iu3 w 1. Ca a 1 h.� r 'l a P't eat'