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<br /> ,.. . � ?..�CaAda�anatlon. Cn th�«vent tho piaperiy.ur+t�c�Y Wrt ttiereof,shat!Etie ts�en by em.lnent da�q�ln;tha 1N9,e°i�t�+r " jr:� � ; s�:
<br /> irempo�eredtur,alisr.tu:rl ttcels�e!�1l competts�tlon whlcti►mi►y M+p�td iolr anY D�Pe�y t�btt ot[ot d��e t�+�t�Y �,: . ` -
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<br /> ao!taken�antd•Mort�ea tN�ll apply ach compentatlon�tt fq�apttnn,olther to�re8uctiot� of the lAdebttdnwrQe�tes�d : . ' . ;;.�F.••'���,:,!�_�;;,
<br /> '� � , heraby ar�re�a3Y+itl.d resiore the properiy w derrie�e8. . . . . : • `.
<br /> � 8. P�sfoxtnaaee byMoxt�e.Mart�n►ay,but s5dt lutro aa o611ratt�an,�0 SIOA11yAQ�.10�I�CI1�N M0� � '�r�F -.u�'- .
<br /> - � h� ear�sed bUt fe0le to c�m�end Mork�psee may�lw do t,ny act[t deeme neceae�ry to pt+�tect the itln heteof:l►�prt�tor
<br /> � �Q[ees W rmp�y�upon detnand�any:umn ao expended by the Mort�ee�or the aDove p3�tpaes,usB u�y wtru w eacp�nded � ��
<br /> ' Dy the Hoat�ee ehsll be�dded to tha fadshteda�necuxed h�mby�nd b�come wbJect to th�INn Mceo!Idoet�e ,. , • , = �'.;��
<br /> ahall not Incur any penon�I it�bflity beeause a4 wything tt may do or omii Eo ao herc�un@er. • . -----_ "
<br /> 9. Def�ult►��ment ot Rtt�tt� T1me la oi the ec�ence Eeteo�and upon MostpEo�'�defauit ln aaq cor4n�n8 '.
<br /> or�p+cement of thta Mort�s�e�includi�Y covar�►ntt to piy when 6ue the sums sectu�tr�by t5U 1Vlott�a�e�the Mortp�ea Rhst� � ,
<br /> he entitled,at tts sote op4ion aud wlthout notico.to declrre dl sums ee�u+ed by thls Mortp�.to be imnxdl�►tdy due�nd ° ° ,
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<br /> pp�alsle tad mep cosamence foieclaeute ot thit Mort�aqe bq judcls!prooeediugi;and. Pmvided lluthet.thtt upon sux!► G� • .
<br /> deLWt tbe Moitga�oe,or�t tecefves�ppointed by a wurt,m��y at tta ii�stion�nd�vithout re�to tt�e tdequacy of tt� . .
<br /> Recudty,entcr u�n and t�ke possession of the Property and�allect ihe ren4a,latues and p�ofitatAereltom tad appty tbem ° ri -
<br /> tlest to the cast of c+�llectlon and opentdoa of the�napsrty and uten upon the Indebtedncaa kctmd by tbi�Mortp�ee; °
<br /> s�id�snt9,fssue�ind profib betug ass3gAed to the Mo�tgageo as turther sec�uity foi ttse payment oi tke lndebtedness
<br /> ascumd he�y.. .. ,_
<br /> 18. Ti�steir of�tope�-ty. If r�l az any pact oi tho Ro�rty 1a sold or tm�sferted wtEtsout tfie eacpiesa prittan coa- . . . .
<br /> sent ot the MorE�gee,Mortgagee msy at[b sole optina,decUue alt sums.secured by tdis Mort�pige to ba(mmedintsly due ` • .
<br /> �nd payable. .�
<br /> 11. Fntuee Rdvanas. Upon reQuest of Mortgagor, Mortgagee may mske tdditlon�and future edvancea to � �
<br /> Mo:tgagor.6uch advauceR.with faterest thereon,shall be eecuced by this MoYtgage wl►en eeidenced by pramissory aotes .
<br /> stating thtt said notes aee secur+ed hareby. At no tlme shell the principal ataount of t�e Sn�t►tedness&eciu�ed bY tbls
<br /> Mortgage,not tncluding eums edvanced to pratect the security of thls Mortgage,exceed tlie o:egtnal Note. -
<br /> .. „
<br /> 12. I►Siscellaneous PmvLstons. .. ��
<br /> ��•.�,
<br /> _ • , Ta) My to�ebearauce in exetcising aay rlght or remedy s�at!not be a welver thereot. ; .-��'�
<br /> �� y� ���y��y;�la�f hprPie ane diatinet and cumulnHve tm any otAer d$�3 aftorded by law oi equity. _______�,�;
<br /> , , aa8 may be exercised roncurrently,tndepeadeatly or successively. ,P„
<br /> � (c) The covenants and egreemeats coatained hereln sball bind, and the dghb inure to, Ehe respective �
<br /> •� suecessois and as5lgas of the Mostgt�or and the Mortgagee. •
<br /> ..�,;: . .;;;"�Sl
<br /> � '::';: (d) All covenents aad agreements of the Mortgagor am joint and several. .;;','•;��
<br /> � (e) The headtn�of the paragraphs of this Mortgage are for conveuleace only and ahall not be used to tnter- � ; ` ��
<br /> �•:;:.;, . ,`� r
<br /> pret or detine the prov[stons hereof. � �
<br /> '��; 13. Release. II on paymeat of all sums securnd b this Mort a Mort ,
<br /> p Y �6'�, gagee s�all dischtiage this Mortgage and i
<br /> ,�� shell execute and deliver a satisfacto►y release therefor. � '. ,�
<br /> . �✓
<br /> � IN WITNESS WHEREOF.Mortgagor has executed this Mortgage on the.�5l�y of�,�—,19_91�.. � �
<br /> � ,
<br /> � _ �o ;
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<br /> `' � (Eug e �. Merkel) �'���' ' `�`
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<br /> ,y'yt :
<br /> (eetty erkel) ���
<br /> ` �� $tete of N�braska, Hall County as: '
<br /> � , ,
<br /> '!'°`'� �"��± On thLs 75$Ih� day of ApriQ ,18��.,before me, the unde:signed,a Niotaey Publtc �
<br /> . ,,.��
<br /> `�';'�' duiy commissioned and qualifled tor satd counry,personatly came�l1gP"° F tUerk I and IBp�ty J,. '
<br /> Merkel husband and wife ,to me known to be the
<br /> ' tdenUcal person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br /> to be theit' voluntary act and deed.
<br /> � VPitnes4 my dand and notarial seal at Gret'id 1518nd, Nebrdsk� in said county,the
<br /> dateatoe+esaid. -- �
<br /> . � �� My Co �� � �T-`
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<br /> j ti �bo�oa��b�tn� �
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<br /> Z f4 0` (SDBtt Aelow This L1ne Aeserved For I.ender ond Beeo�er) �
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<br /> ' �1NBC 1086 IND 808 arso a ;` I � �\. f�.�
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