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<br />7, Condemnation. In the event the Property, Dr any part thereDf, shall be taken by eminent domain, the Mortgagee
<br />is cmpDwered to cDllect and receive ~Il cDmpensatiDn which may be paid for any property taken Dr for damltes to prDperty
<br />nDt taken, and MDrtgagce shall apply such cDmpensatiDn, at its Dption, either to a reductlDn of the Indahtednesa secured
<br />hereby or to repair and restore the property SD damaged.
<br />
<br />8. P~tf~rmlDce by Morti-eee. Mo~gagee, may, but shall have no obligation, to do any act which the Mortglllor
<br />hpagreed:b'o't @I~ ~d(); 1D~M.ortgag~~y;~so do ~'ly act it, deems necesSary to protect the llen hereof. MortPgor
<br />agrees t~reP:BY,l!~n dellland,any BUms so expe!lded by the Mortg. for the above purposes, and any sums BC expended
<br />by tbeMcirtiag~e Shall ;bliidiledt~t1ie!lidebtl!dneSB secured hereby and become subject to the llen hereof. Mortgagee
<br />shall nl>tin~u~any persoll,aJl,iliiJllityiJecAU5e ohnythlng it may dD Dr omit tD do hereunder.
<br />
<br />,9. Default; ASsIpment of,'llents; Time is of the essence hereof, and upon MortgagDr's default In any covenant
<br />or agreement of this MDrtgage,lncluding ,CDyenants to pay when due the sums secured by this MDrtgaie, the Mortpaee shall
<br />be entitled; It ll.s sole option and witbout notice; to declare all sums secured by this Mortgage .tD be Immediately due and
<br />payable and may commence foreclOliure of this Mortgage by judicial proceedinpjand, provided furtber, that upon such
<br />default the Mortgagee, Dr a receiver appointed by a court, may at Its optlDn and witbout regard tD the Id~quacy of the
<br />security, e,nter upon md take possesaion of the Property and collect the rents, \s&ues and profits therefrom and apply them
<br />fllllt to the ~t Df collectlDn, and DperatiDn Df ,the Property and then "ponJhe j!!.~ebtedness secured by this Mortpgee;
<br />said rents,issiies and profitt being assiJll1ed to the Mortgagee as further security Cor- the payment of the indebtedness
<br />secured hereby.
<br />
<br />10. TransCer of Property. If all or any part of the Property is SDld Dr transferred without the express written con,
<br />sent Df the Mortgagee, MDrtgagee may at its sole option, declare all sums .secured by this Mortgage to be immediately due
<br />and payable.
<br />
<br />11. Future Advanc~ Upon request of MDrtgallor, Mortgagee may make additional and future advances to
<br />MDrtgagDr. Such advances, witb interest thereon, shall be secured by this Mortgage when evidenced by promissory nDtel
<br />slating that said notes are secured hereby. At no time shall the principal amount of tbe indebtedness secured by I.bIs
<br />Mortgage, not including suma advanced to protect the security Df tbis Mortgage, exceed the original Note,
<br />
<br />12. Miscellaneous Provisions.
<br />
<br />(a) Any forebearance in exercising any right Dr remedy shall not be a waiver thereof.
<br />
<br />(b) All remedies provided herein are distinct and cumulatiYe to any other right a(forded by law or equity,
<br />and may be exercised concurrently, independently or successively.
<br />
<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />SUCcessOIll and U1iigns of the MortPlor and the Mortgagee,
<br />
<br />(d) All covenants and apeements of the Mortgagor are joint and several.
<br />
<br />(e) The beadlnp of the paragraphs of this Mort(qe are forconvellieaCll only and sbIIl nol; be .-cl to Inter.
<br />pret or define the provisiDns hereof.
<br />
<br />13, Release, Upon payment of all sums secured by this Mortgage, Mortgagee shall diicharp this Mortgqe and
<br />shall execute Md deliver a SIIti5faCtoIY rele_ therefor.
<br />
<br />/
<br />
<br />
<br />,19BL.
<br />
<br />IN WITNESS WHEREOF, Mortgagorha executed tbis Mo
<br />
<br />Bouower
<br />
<br />BoU'Ower
<br />
<br />State of Nebraska,
<br />
<br />H~ll
<br />
<br />County 81:
<br />
<br />On this qth
<br />
<br />day of
<br />
<br />M~ll
<br />
<br />, 19a.a-, before me, the undersigned, a Notary Public
<br />
<br />duly commlsiioned and qualified for said county, penonally came La Try E. Hoes and Roj",annp HOfeR.
<br />
<br />Husband and Wife , to me known to be the
<br />identical pelllOlI(S) wbose name(s) are subscribed to the foregoine instrument and acknowled&ed the execution thereof
<br />
<br />to be
<br />
<br />their
<br />
<br />voluntary act and deed.
<br />
<br />Grand
<br />I
<br />
<br />
<br />Notary PublIc
<br />
<br />WitDesa my hand and notarial seal at
<br />date aforesaid.
<br />
<br />My Commission expires:
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