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<br />~ ::--..! ~\ On thls 1 ?tn day of May , 19-BJL, before me, the undenilPled, a Notary Public
<br />
<br />lC t~ ~~ ~UIY commiuioned and qualified forsald county, penonally came Wi' 1 i..m r: s: M..n<>' i "I;' M Ph",."",.
<br />;:.\.~. ~
<br />t~ ,q , to me known to be the
<br />t Identical penon(s) whose name(s) are subscribed to the foregoing instrument and acknowledpd the execution thereof
<br />
<br />, \ ~ to be their voluntary act and deed.
<br />
<br />~,\ .~\ ,Wltn, ell my hand and notarial seal at r:r.mn TR1..nd. Nphr..",k..
<br />~ dale aforesaid.
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<br />7. Condemnation. In the event the Property, or any part thereof, shall be leken by eminent domain, the Morttape
<br />is empowered to collect and receive all compensation which may be paid for any property taken or for damqea to property
<br />not taken, and Mortpgee shall apply such compensation, at Its option, either to a reduction of th.. Indeblednetlllecured
<br />hereby or to repair and restore the property so damaged.
<br />
<br />8. Performance by Morttqee. Mortpgee may, but shall have no obligation, to do any act which the Mortse.or
<br />has agreed but falls to do, II)Id Mortgape may also do any act It deems necessary to protect the lien hereof. Mortplor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above PUl'po6es, and any SUDIIIO expended
<br />by the Mortgagee shall be added to the Indebtedness secured hereby and become SUbject to the lien hereof. Mortgape
<br />shall not incur any personal liability because oC 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 Mortptee Ihall
<br />be entitled, at Its sole option and without notice, to declare all sums secured by this MortNe .to be immediately due and
<br />payable and may commence foreclosure oC this Mortgage by judicial proceedinp; and, provlded.further, that upon IUch
<br />default the Mortgagee, or a receiver appointed by a court, may at Its option and without, reg:u:d to the adequacy of the
<br />security, enter upon and take pOS&eS!llon of the Property and collect the rents, issues and proflta therefrom md apply them
<br />first to the C-:JIt of collection and operation of the Property and then upon the indebtednetll secUred by this Mortpcel!;
<br />said rents, Issues and profits being lIlIIIigned to the MDrtPllee as further secvrity for the payment of the Indebtednetll
<br />secured hereby,
<br />
<br />10, Transfer of Property. If all or any part of the Property is sold or transferred without the express writlen con,
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums ,secured by this MDrtgage to be immediately due
<br />and payable.
<br />
<br />11. Future AdvanCl!ll. 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 />slating that said notes are secured hereby. At no time shall the principal amount of the indebledness secured by this
<br />Mortpge, not including sums advanced to protect the security of this Mortpge, exceed tbe original Note.
<br />
<br />12. Milcellaneoul ProvislODl.
<br />
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof,
<br />
<br />(b) AIl remedies provided herein are distinct and cumulative to any other right aCCorded by law or equity,
<br />and may be exercised concurrently, independently or successively.
<br />
<br />(cl The covenants and agreements contained herein shall bind, and the ri&bts inure to, the respective
<br />successors and IIlIIIlgns oC the Mortpgor and the Mortllagee,
<br />
<br />(d) AIl covenants and agreements of the Mortgagor are joint and several.
<br />
<br />(e)
<br />
<br />The headinp of the paragraphs of this MortPlIe are for convenience only and shall not be used to Inter.
<br />pret or define the proviSions hereof.
<br />
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<br />13. Releue. Upon payment of all sums secured by this Mortllage, Mortgagee shall dJschar&e. thIS Mortpp and
<br />shall eX8C!ute and deliver a ..llIfaetol')' rele.... theretor,
<br />
<br />IN WITNESS WHEREOF, Mortpgor has executed Ihis MortNe on the l2t!1ciayof MaV
<br />
<br />,19 88 ,
<br />
<br />H.."
<br />
<br />'lr~ .tJ 9?~
<br />William G. Plumner
<br />Dj)
<br />711a...l.(~)on , ~~
<br />Madeline M. Plummer
<br />County 51:
<br />
<br />BoDOW.
<br />
<br />Bouower
<br />
<br />In laid county, the
<br />
<br />~'~rn
<br />"/' """ .~~ Public
<br />\','::;: := :." --
<br />~ (.... ~ .: ,';, 000' ~
<br />IS"".,. lItIIo. TbIlI LIne a...,,1Id For Lender aDd a,",ordoU I . 00 ",.Co.
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<br />"ee 108. IND aoI 111.U
<br />
<br />7
<br />9
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