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<br />s9�-= 105543
<br />4. In the event the Property, or any part thereof, shall be taken by eminent
<br />domain, the Mortgagee is empowered to collect and receive all compensation which
<br />may be paid for any property taken or for damages to praRerty �rrt;'taken, an Mortgagee
<br />shall apply such compensation, at its option, either to. a. reduction of the indebtedness
<br />secured hereby or to repair and restore the property so damaged.
<br />- - Aga° ,• bu;,l l - ►gave -noel igat; arcs— io d any whi cfir the- Mortgagor - - — - -
<br />has agreed but fails to do, and Mortgagee may also do any act it;'deems necessary to
<br />protect the lien hereof. , Mortgagor agrees to repay, upon demand, :an' - sums so expended
<br />by-the Mortgagee-for the above purposes, and any sums. so expended '.> the ,Mortgagee
<br />shall be added to the indebtedness secured hereby and become su @jest to "the lien
<br />hereof. Mortgagee shall not incur any personal liability becaus$:of anything it
<br />:. may do or omit to do hereunder.
<br />b. Tin 'is the essence hereof, and upon Mortgagor's default in-any covenant
<br />or agreement :�f this Mortgage, including covenants to pay when due. the sums secured
<br />by this Mo.t: , the Mortgagee shall be enti,t -1W.., at its sole tfon and without
<br />'notice, to re ,all sums secured by this, to �t
<br />payable a << f Mi . A.ee be mne S teiy due and
<br />Y nd:? ':�p� foreclosure of thi's 'i " a r
<br />and, ravid f }.. [` 5 ge b . >w^diCf�t'1 "proceedings;
<br />d'i:hat upon such default the Mort '
<br />t � ;. or eece ye -.::
<br />�>> app4 ?led° b o r .an wi „-�,..
<br />Y s?!: }c. 4 t:•.ay at its option d thout regard to' .tom.:, adeclYiey_ atf1a:.:.,
<br />security, ett; fk upon - and take possessior. of the Property and c�.G; t th'e'`r+eitts
<br />t;.; • ,
<br />issues and pt� its therefrom and apply. them, first to the cost oi'rollectiaa} and- r
<br />operation of the'Property and then upon the indebtedness secured by this tip' t age;
<br />said rents, issues and Profits being assigoed..to the Mortgagee as further "security
<br />for the payment of the indebtedness secured .hereby.
<br />7. If ail' or any part of the Fraperty is 'aotr�'. cr trensferte without the expi?*as
<br />written consent of the Mortgagee. Mortgagor may �t i�� "s,6te. optidri, declare all sums
<br />secured by this MortS�tgp to be'.immed`iate:ly due and payab.14
<br />8. An, 1*'arebearance in,,exerci-sfng any rigght or remedy shall not be a, waiver thereof
<br />9. All remedies provided herein are distinct and cumulative to any other right
<br />afforded by law or equity, and may be exercised concurrently, independently or
<br />successively,
<br />The''�venants and agreements contained:4grein shall bind, and all rights
<br />incui, aa, the�� respective::,successors and assigns of the *ft-oagor and the Mortgagee., -
<br />11. All :iwenants and agreements of the Mortgagor and the Mortgagee are joint,:•
<br />and several. •:
<br />12. Upon payment of all sums secured by this Mortgag #',-Mortgagee shall discharge
<br />this "Mortgage and shall execute and deliver a satisfactoiy release therefor.
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<br />IN WITNESS, WHEREOF, Mortgagor has executed khls Mortgage on the day of
<br />October 19 89
<br />� ptrge D. Fletcher
<br />Sandra Ann Fletcher
<br />STATE OF NEBRASKA, -1ja1.1 County ss:
<br />On this b" day of October 19 89 , before me, the undersigned, a
<br />Notary Public duly commissioned and qualified for said county, personally came
<br />feorge 0. Fletcher and Sandra Ann Fletcher, husbandeapg Wfrmown to be the identical
<br />persons whose names are subscribed to the foregoing instru.--nt and at7;nowiedged the
<br />execution thereof to be their voluntary act and ed.
<br />«.36-, D L tee; -• - ;; / y o r
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