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<br /> 7. Condemnatlon. In the event the Yroperty,or�ny p�rt thereot,shail be taken by eminent domain,the 1Vlortaagee�
<br /> b empowered to eoilect tnd receive�11 camgensstlon which m�y be pdd for any property taken or for damt�es to praperty
<br /> � not tsken.and MortQaQrr shall apply auch compenaat�on,nt Its optlon,either to e redt�etion of the indebu+dnes.c secuced
<br /> �reby or to stpslr aad rrsto�e the ptugerty so dema�d.
<br /> 8. Peefotmmce by Mert��.MortQa�ee nuy, Dut ahv! h�ve no obli�stion�to do any act �hich the Mort;aQar
<br /> hu a�eeed but faila to do.and Mott�a�ee nuy d�do any�ct it deema neceuary ta protect the IIen hereoi.�Mort�s�or
<br /> yree�to rap�y,wpon deaoand,aay�un►+so aYpended by the Mort�a�e for the above purpoaea,and any sunta so expended
<br /> by the Moruuee shv! he�dded to the indebtedneu secund henby and become subject to the llen hereoi.MortQeQee
<br /> � �h�il aot i»cur any pe�ona111�bAity hecauu oi�nythln�it may do or omit to do hereunder.
<br /> 9. D�fault;Asd�ameat of Aenh. Time ia of the es�ence hereof,�nd upon MortpAor's det�ult in any coven�nt
<br /> or a�reemeAt of thts Mortpre,includlna covenants to psy wheA due the suuu�ecured by thls Mort��e,theMortQasee ahdl
<br /> be entltled,�t lta avle option�nd�+ithout notice,to deciue a11 aums aecured by thb Mort�a�e to be immedlately due�nd
<br /> payabk and may commence foteclaure o!thh Mo:t�a�e by Judicial proc�edlnp;and,provlded further,tbat upon such
<br /> default the Mort�a�ee, or a reoeher sppolnted by a court,nu�y at its optian and without n`ard to the srkquacy of the
<br /> �ecurlty,entar upon and take poauoion oi the Property and caUect the rents,Wues usd protl4 thereitom and apply them
<br /> Ats!to the cat of collection and operatlon of the Ye+o�rty and then upon the indebtedneu aecured by this Mortp�ee;
<br /> �ald �nia,icsues and pmflts being assi�ned to the Mort�a�ee �s further cecwity fo: the p�yment oi the lndebtedness
<br /> �ectued hereby. .
<br /> 10. 'ISrander of Property. If all or any part of the Property is sold or transferred without the express wrltten con-
<br /> sent of tlse Mortas�ee,Mort�agee may at its sole option,decla�e all sums secured by this Mort�e to be imraediately due
<br /> and payable.
<br /> 11. Future Advmces. Upon request of MortQagor, Mort�a;ee may malce additlonal and future advances to
<br /> Mott�a�or.Such advances,with interest thereon,sh�ll be secured by this Mortgage when evidenced by ptotnlssory notes
<br /> alating t2�at said aotcs are srcurEd hrrcby. At no timP shall tha princlpal amuunt af the lndebtPdne�s s..^curcd by this
<br /> Mortpre,not includina�ums advanad to pmtece the aecurlty of tdis Mort�e,eiceed the oripn�l Note.
<br /> 12. Miscellaneom Provi:ion�.
<br /> (a) Any forebeuance in exerclsing any right or remedy shall not be a waiver thereof.
<br /> (b) All remedies p:ovlded herein are distinct and cumulative to any other right afforded by law or equlty,
<br /> and msy be exerclsed;.oncurrenUy,independently or success9vely.
<br /> - (c) �"'ae covenants ana a�reemenfis confi�ained 'nerein snut oiad, anri i.ne riy;nia liiuir 'sv, iur ii�prcii�e �
<br /> succesiora and assigns of the Mortgagor and the Mortgagee. �
<br /> (d) AU covenau�ts and agreements of the Mortgagor are joint and several.
<br /> (e) 1be headings ot ihe para�raphs of this Mort�age at�e for convenience oniy and ahall not be used to inter- �
<br /> pret or deflne the provlsions hereof. _
<br /> 13. Retease. Upon payment of all sums secured by ttiis Mortgage, Mortgagee shall discharge this Morigage and �
<br /> ahall execute and dellver a satisfactory release therefor.
<br /> IN WITNESS WHEREOF,Mortgagor has executed this MortgaYe on the 4th day of �e�r ,19 89.
<br /> ^ _
<br /> � ��G�������� - A ��
<br /> _ (Ted L. Merithew) �usband ��owu• �,..
<br /> �
<br /> � ( ry len Merithew) Wife sonoW�: ,
<br /> 3tate of Nebratks, Hall County ss:
<br /> � On this 4th day of ���r - 19 89�before me,the unde�signed,a Notary Public
<br /> duly commissioned and qudified for said county,peisonally carae Ted L. MeritY�iew and Marv Ellen Merithew,
<br /> Husband and Wife , to me known to be the
<br /> � identical petson(s) whose name(s) ue subscrlbed to the toregoing instrumen!and acknowledged the execution thernoi
<br /> �� their voluntary act and deed.
<br /> Witness my hand and notuial seal at (.rand 2fi1 ancl R N b ac a in said county,the
<br /> date aforestid.
<br /> M Commissian ex ires: �.� . /'
<br /> Y P . _ �.�/�1 an��� ,--_-- _
<br /> GEMEMI Iq1AHY•State o1 Mt6ti51t� Notary Public �
<br /> MARK D.STELK
<br /> Mp Comm.Exp.Mnr 1,1991 �� �
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