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<br />7. Condemnation. In the event the Property, or any part thereof, shall be laken by eminent domain, the Mortgagee
<br />Is empowered to collect and receive all ClOmpensatlon which may be paid for any property taken or for damages to property
<br />not laken, and Mortgagee shall apply such compensation, at Its option, either to a reduction of the indebtedness secured
<br />hereby or to repalr and restore the property so damaged.
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<br />8. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgaj!or
<br />has agreed but fails to do, and Mortgagee may also do any act It deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shall not incur any personalllablllty because of anything it may do or omit to do hereunder.
<br />
<br />9. Default; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, ,the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage.to be immediately due Ilnd
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />default the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />security, enter upon and take possession of the Property and collect the rents, issues and profits there {rom and apply them
<br />first to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby,
<br />
<br />10. Transfer of Property. If all or any part of the Property is sold or transferred without the express written con.
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums ,secured by this Mortgage to be immediately due
<br />and payable.
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<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagor. Such advances, with interest thereon, shall be secured 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 sums advanced to protect the security of this Mortgage, exceed the original Note.
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<br />12. Miscellaneous Provisions.
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<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
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<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised concurrently, independently or successively,
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<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee_
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<br />(d) All covenants and agreements of the Mortgagor are joint and several.
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<br />(e) The headings of the paragraphs of this Mortgage are for (.'Onvenience only and shall not be used to inter-
<br />pret or define the provisions hereof.
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<br />13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge' thIS Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
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<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the --..l4... day of M" rrh
<br />
<br />, 19BB-.
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<br />14th day of Mi'lrr.h , 19.B.B....., before me, the undersigned, a Notary Public ~ "
<br />fi d ~ d all Edwin C. Sittler and Janice K. ~,~,'
<br />duly commisl;ioned and quali Ie lor sai county, person y came ~
<br />Sittler, Husband & Wife , to me known to be the >- ~~
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof ~ ~
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<br />in said county, thc\3 \;2
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<br />Notary Public ~ ~.~
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<br />Boirower.
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<br />State of Nebl'lU'ka,
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<br />Hall
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<br />Witness my hand and notarial seal at Grand I{lSland NE/-~~
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<br />date aforesaid, +
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