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I 7. Condemnation. In the event the Property, orany part thereof, shall be taken by eminent domain.the Mortgagee Is empowered to collect and receive all compensation which may be paid for any property taken or for damages 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. 0. Performance by Morigtgtt. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor has agreed but fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Moitgagor #pees to repay. upon demand, any turns so expended by the Mortgagee for the above purposes, and any sum9 so expended by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee shall not incur any personal liability because of anything it may do or omit to do hereunder. 9. Default; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default In any covenant or agreement of this Mortgage. including covenants to pay when due the sums secured by thin Mortgage. the Mortgagee shall be entitled. at Its sole option and without notice, to declare all sums secured by this Mortgage to be immediately due and payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided trther. that upon such default the Monpgee, or a receiver appointed by a court. may at its option and without regard to the adequacy of the security, enter upoe and take possession, of the Property and collect the rents, issues and profits therefrom and apply them Ant to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee; said rents. issues and profits being awAgned to the Mortgagee as further security for the payment of the indebtedness secured hereby. 10. Transfer 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 Advaac*& Upon request of Mortgagor, Mortgagee may make additional and future advances to Mortgagor. Such advances. %ith Interest thereon, shall be secured by this Mortgage when evidenced by promissory notes stating that said notes 'irre 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. 12. MiacellanmsProvisions. (a) Any forebearance in exercising any right or remai} $,!.s7�t mot: tte a waiver thereof. (bi All remedies provided: herein are distinct and cuma4tnie to. any other right afforded by law or equitd, and may be exercised concurrently, independently or successively. (c) 11he covenants and agreements contained herein shall. bind, and the rights inure to. the respective succesilomand assigns of the Mortgagor and the Mortgagee. (d) All covenants and ■pwritents of the Mortgagor are joint and several. (e) The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter- pret or define the provisions hereofi: 13. Release. Upon payment. of all sums secured by this Mortgage. Mortgagee shall discharge this Mortgage and shall execute and deliver a satisfactory release therefor. IN WITNESS WMREO .,ktcitgagor has executed this Mortgage on time 9th day of -tune .19_$2. ( Frank E. Kolar) Borrower - Borrower State of Nebraska, _ - Hall County ss: "this 91h day of June 19---ag_. befare me. the undersigned,. s Notary Public duly commissioned and qualified for said county, personally came Frank E. Kolar to me known to be the Identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof Pro be_ his voluntary act and deed Witness my hand`,and notarial seal at Grand Island. Nebraska in said county, the date aforesaid. S(K OTi1IVIt M of I -- r( %, My commission expires. M A* SIM Notary Public h r\ . -t• ( r r3 (space L r lore 14fiC 1'• it Sol X AP Below This Line R*served For Lender and Recorder) -- — m C- • -, ry t. a L7 V PW I f ..yJ } 1 CA A 1 z f j•1 A h V PW I f ..yJ