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<br /> T. Cond�mnatian. In the event the Property,or any puG thereof,sh�ll be t�ken by eminent damcln,tlhe Morty��ee
<br /> is emgowered to colifet�nd erceive tll compensatlon which nuy bc paid!'or�nY�+toperty taken or i'or duasges to prageriy
<br /> � nat taken,�nd Mort�a�e�sh�ll appiy auc6 compenaatlon.tt its option.elther to a reductlon ot the indebtedners secured
<br /> hereby or to cep�ir and�estace ehe property ao damiQed.
<br /> 8. hrtonnanss by Mott��a Mortp�ee may,but�aq have ao obUaation,to do�►ny act�rhtch the Mort�a�or
<br /> h�speed 6ut t�l�to do,and MortXajee may dw do my tct it deems aecessa�t to ptotc�ct the Uen bereof.Mor�.p�or
<br /> t�t+es to tepay,upon demand,any awna so eRpended by the biottaa�ee for the at;ove purpoae��ind any sum9 co expended
<br /> by the 1Hozt{a�ee shv�,6e added to the indr6kdntss se�uted dereby and become subject to the lien hereof. Mort�a�ee
<br /> sh�ll not lncur any peesond llablilty bec�uce at�nythieQ 1t m�y do or omit to do hereunder.
<br /> 9. Default;At�i�nment ot Reats. Tlme b o!the es�snce henoi,and upan Martrs�or'�default in any covenant
<br /> or qreement of thb Mort�,includin�covenants to pay�vhea due thr�ums aeured by this Mort�a=e,the Ililortg�shall
<br /> be catltled,�t ib sole optioA and wlthout natice,to dedue�ll sums secured by thia Mortp�e to be iaamedlately due�nd
<br /> p�y�bk�nd may codnmena toreclaure ot tDi�Mortrqe by judiclal proceedlnp;�nd,pro�ided further,Nat upon�uch
<br /> defiWt the Mortp�ee,a�t�eceirer appo�nted by�cotul,may�L its option and witbout reprd to the adequscy of the
<br /> �ecurity�enter upon�nd hke�waenton ot tlse Aroperiy and colleet the rente.iaua�nd protfta theretrom and apply them
<br /> A�t W the ca�t of collection aad operatlon o!ths Property and then upoa the indcbtedne�s ucured by this MortR�ltee; ,
<br /> �ld reats,Wua wd pronts 6eing asai�ned to tne Mort�ee as i�riher cecurlty for the payment of the indebtedness
<br /> secursd hereby. . .
<br /> 10. 7�uuter oi Propertyr. If ap or�ny part of the Property is sold or transferred without the express written con-
<br /> ient of the Mort�ee,Mort�ee msy at its sde optdon,declue tU sums secured by this Mort�Qe to be immediately due
<br /> t�nd payable.
<br /> 11. Ftitture Adv�uces. Upon request of M�TCQagor� Mort�a;ee may m�ke additlon�l and future advances to
<br /> Mort�or.Such�dvances,�vlth interest thereon,sh�ll be secured by this Mort�a�e when evideaced by gromissory notes
<br /> datie�that �aid notrs ue secutrd hereby. At no time sh�ll the principal amount o8 the Indebtedness secuied by this
<br /> Mortp�e,not includia�:uma advaaad to protect the securiby of thla Mort�a�e,exceed the o�l�laal Note.
<br /> 12. Mi�cdlaneotuYrovWons.
<br /> (a) My forebeuance in exerclsing any rlght or remed�shall not be a wdver tZaereof. '
<br /> (b) All crmedles provlded hereln ue d�stinct�nd cumul�tive to any other ri�t►t dforded by law or equity, �
<br /> and may be exercised toncurrently,independently or successi�ely.
<br /> (c) '!!ie covenants �nd aareements contalned herein shall bind, and the rights inure to, the tespective �._' :
<br /> � . successors and aaslpis of the Mort;agor and the Mo�ee. - --
<br /> (d) AU covenwts and��reementc ot the Mortgt�or ue jolnt and several.
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<br /> � (e) '11�e headln�s of the para�aphs of thls Mortga�e arE for convenlence only and shall not be used to inter• �`'
<br /> pret or d�fine the provlsions hereof. `:�
<br /> i's. i�ele�se. Upon payment of�ll sums secured by this!4iortgage, Mortgagee shall discharge this IvIort�age and � �
<br /> shall execute and dellver a utlsfactory release therefos. '
<br /> 1N WITNESS WHEREOF,Mort�sgor bss executed thls Mortgage on the�.th day of Decembe� ,19 89. `
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<br /> � and . Ste fen Huaband soao�a• !�►
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<br /> Marilyn Steffen W� Bonower � •
<br /> Sqte of Nebraslc�, Hall ��ty �: �
<br /> � pn � Sth day oi December 19$9 ,before me, the undersigned,a Notary Public
<br /> diily commissioned and quWfied for said county,pe:sonelly cune L e 1 and L. S t e f f en a nd Ma r i 1 V n
<br /> A. Stef fen, I3usband and Wi fe ,tv me imown to be the
<br /> identic�l peison(s) whose namp(a) an aubscribed to the toregoing instnunent and acknowledged the execution theteof
<br /> �be t h i e s voluntary act and deed.
<br /> � Grand Island, Nebraska
<br /> Witaess my hand wd notuial seai at in said connty,the
<br /> �+.e atoresdd.
<br /> My Commlasion e i C�IAL IOTMIf�1t/ir�sb .. ���(� � ' - --
<br /> � 5� _ r— ---- –
<br /> MARK p.STE�K
<br /> M�I Con1n►.Exp.Wy 1,1991 Nourv�+ubuc
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