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-2.
<br />7. 00ndemnation. In the event the Property. orany part thereof, shall betaken 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 />i 8. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />agrees 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 lien hemot. Mortgagee
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9. Default; Assignment of Rents. Time is of the essence hereof. and upon Mortgagor's default in any covenant
<br />or agreement 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 commence. famelosure of this Mortgage by judicial proccediap; 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 the adequacy of the
<br />security, enter upon and take possession of the Property and collect the rents, Issues and profits therefrom and apply them
<br />flat to the coat of collection and operatics of the Property and then upon the Indebtedness secured by this Mortgagee;
<br />said tents, issues and profits being assigned ties the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />10. Ttander of Property. If all or any part of the Property to sold or transferred without the express written con-
<br />sent of the MortVW, Mortgagee may at its sole option, declare all seems secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Futw Adwaccec. 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 hereI*1 At no time shall the principal amount of the indebtedness secured by this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage. exceed the origiitV, Note.-
<br />12. Mbcellmeous Prorlsiona.
<br />(a) Any fonbearance in exercising any tight or remedy shall not be a waiver thereof.
<br />(by . ALL remedies provided herein are distinct and cumulative to any other right afforded by law or equity..,
<br />sad may be exercised concurrently. independently or successively.
<br />(c) 7be covenants and agreements contained herein shall bind. and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />AD covenants andxtereenkata'of the Mortgagor are kdnt and several:
<br />(e) lbe boadinw of the paragraphs of thi-. M&>rtparw are rnr Mnp�,niwravr YL �hul not be w..hu1 t4 Int°!- -
<br />pnrt or define the provisions hereof.
<br />18. Rekastle.. tipon payment of all, sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and .
<br />shall execute and deliver a satisfactory reieanr therefor. i
<br />IN WITNESS WHERR4lr. Mongagar has executed this Mortgage on the.25th day of May
<br />David tarostka Dan PR. Starostka) Bwroe►m!'
<br />(Christine �'A. Starostka) U inet L. Starostka) soaoay.r
<br />State of Nebraslta, Hall County ss:
<br />On this 25th day of May , 19-0-, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally cane David,, L. Starostka;,, Christine A Starostka,
<br />and Danny R. Starostka. Jantl -L. Starostka , to me known to be tike
<br />I*ntkW person(,) whose name(s) are subsetibed to the foregoing instrument and acknowledged the exec is "on thereof
<br />ta, pa their voluntary act and deed:
<br />Witnesiv my hand and notarial seal at Grand _Island. Nebraska
<br />- - in said county. tilt .
<br />date Oloersaid .
<br />MY Commission expi ✓ '
<br />L NOWY Puhifis'
<br />(Space Below T" Line Reserved For twnder and Recorder) t \
<br />Cr �.
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<br />NW. tOrO1 119q:1 2,0U
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