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<br />7, Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain"the Mortgagee
<br />Is empowered to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property so damaged.
<br />
<br />8. Performance by Modllle, Mort&agee may, but shall have no obligation, to do any act which the Mortpllor
<br />has agreed but fails to do, and Mortgaaee nuy also do any act It deems necessary to protect the lien hereof., Mortilllor
<br />agrees to repay, upon dc.mand, any sums,ro expended by the Mortgagee for the above purposes, and' any sums so expended
<br />by the Mortgagee shall be /Idcie<<ito th,; indebtedness secured here:by and become subject to the lien hereof. Mortpgee
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder.
<br />
<br />9. Default;, Aslipment of Rents. 'nme is of the essence hereof, and upon MortPlOl's defaulUn any covenant
<br />or agreement of this Mortgalt", ineluding covenanis to pay when due the sums secured by this Mortgage, the Mortg&Jlee shall
<br />be enUtled, at its role option and without notice, to declare all sums secured by this Mortgaeeto be immediately due and
<br />payable and may commence foreclosure of this Mortpge by judicial proceedings; and, provided further, that upon IUch
<br />dllfault the Mortgagee, or a receiver appointed by a court, may at Its option and Wlt..'lout reprd to the lQeqUacy oBhe
<br />secudty, enter upon and take possession of the Property and coJlect the rents, Issues and protlts therefrOm and apply-them
<br />first to the cost of collection and operation of the Property and then upon the Indebtedness secured by tbiJM(jrip~;
<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. Tnn!lfer fJf Property. If all or any part of the Property is sold or tnnsferred ':'lith out the express written con.
<br />!;I!nt of the Mortgagee, Mortgagee DlI)' at Its sole option, declare all sums secured by this Mortpge to be immediately due
<br />and payable.
<br />
<br />11. Future Advances. Upon rl'quest of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagor. Such adnnces. wIth interest thereon, shall be secured by this Mortgage when evidenced by promissory notel
<br />stating that said notes are secured hereby. At no time shall the principal amount of the Indl'btedne51 secured by this
<br />Mortgnge, not Including sums advanced to prOlectthe security of this Mortgage, exceed the original Note.
<br />
<br />12. MisceIlaneoul ~rovisions.
<br />
<br />(al Any forebearance in exercising any right or reml'dy shall not be a waiver thereof.
<br />
<br />(bl All remedies provided herein are distinct and cumulative to any other right afforded by law 01 equity,
<br />and mllY be exercised concurrently, Independently or successively.
<br />
<br />(cl Tile covenants and ag;reemenb contained herein shall bind, and the rights inure to, the respective
<br />su~n and asslgm of the Mortlllgor and the Mortgagee.
<br />
<br />(dl All covenants and agreements of the MortPlor are joint and several.
<br />
<br />fe I The hl.'ldinp of lhl' paratnphs of this Mortpge are for convenience only and &hall not be used to inter-
<br />pret or lk!fine the provilion.~ hereof.
<br />
<br />13. Release. Upon payml.'nt of all sums sei:ured by this Mortgllge, Mortpgee shall dlscJarat! this Mortpge and
<br />shall eXt!cutt> and deliver a satlsfactolj' release thel'l'for.
<br />
<br />iN WITNESS WHEREOF. Mortgagor ha.~ executed thl~ Mortgage on Ull.' -L day of June
<br />
<br />,19-BB..
<br />
<br />'\t r"
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<br />~~ mdo ~ ~_~
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<br />." ;...........
<br />~\:;, ~t duly commissioned and qualified for !o.I.id county, personally cam~ G and Beth M. F'nt i n/"lC<.
<br />
<br />~~.~, Husband and Wife . to me known to be the
<br />~ 'I~~ Identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />
<br />,.' / t.o be their _ voluntary act and deed.
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<br />i(: "dMe aroresaid. ~
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<br />BoafOWeI'"
<br />
<br />D ~rrow'"
<br />
<br />Adams
<br />
<br />County ss:
<br />
<br />On this
<br />
<br />3 day of
<br />
<br />June
<br />
<br />. 19--8a.. before me, the undersigned, a Notary Public
<br />
<br />Wit.nm my hand and notarial sealllt
<br />
<br />Kenesaw, Nebraska
<br />
<br />in said county, t.M
<br />
<br />2
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<br />
<br />"11(: I01l11 tst> jttJI J/IU
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