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<br />T. Conderanat6um Lae the event the. Property, or any part thereof, shall betaken by eminent domaintthe Mortgagee
<br />to empowered to collect and receive all compensation which maybe paid for any property taken or for damages to Property
<br />not taken, and Mortplee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repakand restore the property so damapd•-
<br />S. Perfosmaeee by Martdagea Mortgagee may, but shall have no obligation, to do any act which the MortMw
<br />has agraiad but -Adis to do, and.Mortg are may also do any act it deems feces 7 to protect the 1104 hereof: Moryagor
<br />agrees to repay, upon demand, any Arms so expended by the Mortgagee for the abolre purposes, and any sums so expended
<br />by the 11t m4We shall . be added to the indebtedness secured hereby and become subject to the Ike hereof. Mw Agee
<br />shall not incur any persabal liability because of anything it may do or omit to do hereunder.
<br />9, 13e1sult; llssiplment of IterttL 31me is of the essence hereof, and upon Morlpgoes default to any covenant .
<br />or agreement of this Mortgage, including cotenants to pay when due the sums secured by this Xortpge, the Mosik"m shall
<br />be entitled, at its sole option and without notice, to declare all sums seemed by this Xortp & to be Immiediddy
<br />payable and may commence foreclosure of this Mortgage by judicial class and
<br />default the Mortgagee, or a. tec.elver proceedings; provided llcrther, that upstn such
<br />appointed by a court, may at its option and without reprd to the adequacy ofthe
<br />security, enter upon and take possession of the Property and collect the rents, issues sad profits theafkom bad apply them
<br />first to the cost of collection and operation of the Property and then upon the indebtedness seemed by this Mortgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the paym&dt of the indebtedness
<br />secured hereby.
<br />10. Tmder of Property. It ail or any part of the Property is sold or transfentd without the express written con -
<br />s,ent, of the Mortgrsgee, Mortgagee may at its sole option, declare all sums.seemed br th s MortpV.'49 be immediately due`
<br />aei��+ayabk.
<br />11. Ft rn Advances. Upon request of Mortgagor, Mortgagee may make additioaak. iand future advances to
<br />Moi*agor- Such advances, with interest thereon, shall be seemed 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 indebtedness secured by this
<br />Mortgage, not including at,— advanced to protect the security of this Mortgage, exceed the o -Note.
<br />12. Miscellaneous ProvisiouL
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereon
<br />(b) Ail remedies provided herein are distinct and cumulative to any other right atfmded by taw or equity,
<br />anti may be exercised concurrently, independently or successively.
<br />(c) ite 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) AD covenants and agreements of the Mortgagor are joint and several-
<br />(e) (e) ;2%e 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. Retew. Upon payment of all sums secured by this Mortgage, Mortgagee shall &charge this Mortgage =4
<br />shall execute sand deliver a satisfactoiy release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 31 s tday of July 19 89-
<br />(Mark E. Roland so:ro.err
<br />usan C.. Fva.l.and ) Bomov,V6
<br />Statc'daNebramts,. Hall Caonty V5:
<br />On this 3131 s tt slay of July , 19 89 , befam, me, the undersigned, go , a h1 Cary Public
<br />duly oommisdoned and qu& 4 &.�, for said county, personally came Mark E. Roland and Susan C.
<br />Roland ► Ausband and Wile ,;to me known to be �:e
<br />identical personEsy whose aacze (s) ,era ui5x+sribed to the toregoind itta tnent arid; acknovrkdgs-1 the execution therer ,
<br />to their *rAdntary act and deed.
<br />Witnem en�r`hand and notarial seal at Grand Islands Nebraska ,
<br />dal e, iiforesaid - to said county, t:,its•
<br />6VERAI ICIAAY Stitt M g0kuka (�
<br />1% tkmmlWon expires:
<br />MARK O STELK �✓
<br />�'�' Ml► t'o0en► F� tle>r 1.1991 14" rs 14"c
<br />(SWCO MOW "Iff nine Re>t w" For Lender and Reemder)
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