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<br />10:~.'U'-1
<br />RE.RECORDED 88- ~
<br />88- 103088 .,
<br />7. Condemnation. In the event the Property, or any part t' .ereof, shall be taken by eminent domain, the Mortgllgee
<br />is empowered to collect lIIId receIve all compensation which IIlI!Y to 4 paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at it:; option, either to a reduction of the indebtedness secured
<br />bereby or tll repair and restore the property so damaged.
<br />
<br />8. Performance by Mort&lIIoo. Mortgagee may, but shall have no obligation, to do any act which the Mo~or
<br />has agreed but fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortp&or
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above pUrp068S, 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 personal liability because of anything it may do or oml! to do hereunder,
<br />
<br />9. Default; Atislgmnent of Rents. Time is of the essence hereof, and upon Mort&agor's default in any covenant
<br />or agreement of this Mortgage, Including covenanb to pay when du~ the SIUIIli secured by this Mortgage, the Mortgagee sha11
<br />be entitled, at Its sole option and without notice, to declare all sums secured by this Mortgqeto be immediately due and
<br />payable and may commence foreclosUN of this Mortgage by judicial proceedings; and. provided further, that upon wch
<br />default the Mortgagee, or II receiver appointed by a court, may at its option and wiiliout regard to the adequacy of the
<br />security, enter upon and take posgession of the Property and collect the rents, isliues and profits therefrom and apply them
<br />first Lo the cost of collection and operation of the Property and then upon the indebtednBSli secuzed by this Morlpⅇ
<br />said rents, ~ues and profits being assigned to the Mortgagee as furthl!r security for the payment of the indebtedness
<br />secuzed hereby.
<br />
<br />10. Transfer of Property, If all Of ~ny part of the Property is sold or tfll/l5felTl!d without the express written con-
<br />sent of the Mortgagee, Mortgagee may at its sole option, del'la,e all sums secured by this Mortgage to be immediately d'le
<br />and payable.
<br />
<br />H. Future Advances, Upon request 01 Mortgagor, Mortgagee may make additionti and futuze aliYances to
<br />Mortgagor. Such advances, with interest thereon, shall be secured by tilis 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 thil;
<br />Mortgage, not including sums advanced to protect the security tlf this Mortgale, exceed the original Note.
<br />
<br />12, Miscellaneous Provisions.
<br />
<br />(al Any rorebeaIaDCe In exercising any right or remedy shall nut be a waiver thereof.
<br />
<br />(b I All remedies prm'ided herein are dblinct and cumulalive to any other right afforded by law or equity,
<br />o.nd may be exercised ::onculTI!ntly, mdepemiently or sUCCI!IWively.
<br />
<br />{cl The covenants and agreements conUlined herein shall bind, and the rights inure to. the respective
<br />successors a!ld aosigns or the Mortgagor and the Mortgagee,
<br />
<br />
<br />(d I All covenants and agreements .of the Mortgarror are joint IUd several.
<br />
<br />4<' ) The beadings of the para&faphs of thli Mortpee are for convenience only and &hall not be used to inter-
<br />pret or de fine the provtSions hereof.
<br />
<br />By:
<br />
<br />rustee
<br />'fruste!"
<br />
<br />~~7T"",,"~-L--"rrust ee
<br />
<br />'frustee
<br />
<br />u...
<br />OJ'
<br />13' ..
<br />I'
<br />by:
<br />1;' .
<br />by:
<br />
<br />Statt' of Nebruka.
<br />
<br />_ H"l~
<br />
<br />________COunty 55:
<br />
<br />On this ls t day of M" V 19 ~ _, befo.... me, the undersigned. a No~' Public
<br />John Schroeder, Clarlene Schmidt, Thomas Atkins,
<br />duly commissioned and qualified for said county. pe15onali}' came nR 1.. A,..\' "I"mRn . '1'...." ,,,p" ~nit nnn.. 1 it " Arnold,
<br />President, Bradly L. Brush, Secretary, Norman N. McCarthy, Treasurer, and Karl Hughes and
<br />Ha on Has elm n f The b ~ to me known to be the
<br />identical pBlli'.onls hOSf' namels) are 5U scrllx> Lo e 0 eoing instrumenl and acknowledged the execution thereof
<br />
<br />to be t hr' I r ___ voluntary act and deed,
<br />
<br />Witn"", my hand and notmrlal sui at
<br />date aroresald '
<br />My Commission sp~L=:r=-
<br />-dIe-_ ..,c...-...
<br />
<br />Grand lslcJl)d. NE
<br />
<br />in said county, thl'
<br />, . /
<br />I /fl-?~ ' /
<br />A/~~~4'" ~'r"~,
<br />
<br />NotarY Publil:
<br />
<br />~.____ ______ (Spac. Below 'l"ltP l.Jnt' R.1I".rwd For Lenduand RoI'eordn) -------
<br />
<br />"11101 )Uf," .,.... au) J AH
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