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<br />t CaWelenation. fin the eventthehoparty .oranyW. thereof, shs b etaAxtatT*mm4niidomi8b.deModgew
<br />Is empowered to collect and receive 0 compensation which may he JW4f X ae y pEVpe:tytabxac cc ft damagls to property
<br />not taken, and Mortprgee shall apply such compensation, at its opEea, either to at of indebtedness secured
<br />1lereby or to repair and restore the property so damased,
<br />8, hdormauee by Morttapae. Modgaw may, but shall have im cbtixagioa„ 44bzaT Ct which the MartWw
<br />bale weed but fails to do, and 146 pree 'may 8156 do any act. it de elfin eeeeaaarq. ta, V06mMi4i lien benof. Mortgagor
<br />aga!es to repay,lipor► demand, any scams so expended by the Morteetdc. alcrre n..aad any arms so expended
<br />by ti`,e.dori ahali be adtfed to the indeilecla s secured heirti)y;ilti+ tieWil(i tit1 ii sr she lien hereof. More:
<br />siq K not kww any personal liability because of anything it may do} rir caiiz t� dekbi3 .r_
<br />9. Defasrtty Asnowent of Rants Time is of tie' essence. berms, :alit:; 'hLoct Dr's defaltii taa`anp onvnenant
<br />01100e06ent of this Mottpge, including covenants to pay when due the. •be by this + the Mortppe
<br />? . '.. be entitled, at its sole option and wiaa&4' , to cedars all srunwt d; iy tisis Mortrjsg 3i be immedlatdy due std
<br />r { :: payable and may commence foreclosurc..y -46 Montane by jadiaiti :gi tediags4 sad; pm further, that upon std
<br />debfalt the Mortgagee, or 8 receiver ufYd by s ¢Dort, may at ti'uQtion an+ ilritisout`tid to the adegaaey of ilea
<br />itecwity►, eater upon and take possessioii iA %he Property and collect t#t rents- issues and pre• tberefYom and apply tbpso .
<br />Out to Oe cat or cdkction and opt ra ►rs of the Property and bloc ; upon the indebte 3ectnred by thisMme'; -,
<br />aid. re, `s. isst es ',Ad profits being ass o t 3o the, Mortgagee as fest er security for the .p relent of the Indebted mat•' .
<br />�0. 7lraasfa of hopes if all or . fi a� 1,t 4 Property Is sold or traidta ed without the exptfe written con-
<br />seiptsf tht Mortr� gee, Marti may at?ts declare all surns seci-z+'srB #.this Mortgage to be im>Bedlately due .
<br />anti payable. `
<br />11. Foam Advances. Upoz ;mss : .'of kzdgagor. Mortgagee may snake add,:'-'. Sued ftzi a advances to
<br />11Frtior. Such advances, vri r�;i:e^es`i; eon, s°'pfl "fie secured by this Mortgage when evfci2nrediumL�ory notes
<br />i :.Mat said notes are sec��d hem1rt :.,,.'-rt r a tint "I the principal ama zt of the i4dR0tee itm wed by tea.;
<br />ar ".gpige, not i.ih i ding sums advanced 0IpP6,eet tale sex rity of tMi mortgage, e=ed the
<br />12- ?rm*ganeous Provisions
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised ooneurrently, independently or successively.
<br />(c) The 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 />(d) All covenants and agreements of the Mortgagor are joint and several.
<br />(e) The heading& 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 />18. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF. Mortgagor has executed this Mortgage on thelMday of August ,1989—.
<br />- W e r Fyy. tenter) Doirower
<br />Unipberly tol enberg) Borrower
<br />State of Nebraska, Ha l County ss:
<br />On this 29th___.._ day of August 19_82, before me, the widersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came Jerry J. Stoltenbera and Kimberly A.
<br />Staltenberg. , husband and wife , to me known to be the
<br />Identical person(s) whose names) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be their voluntary act and deed.
<br />Witness my hand and notarial seal at Grand Island, - Nebraska in said county, the
<br />date aforesaid.
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