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<br />7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domaln, the Mortpgee
<br />Is empowered to ~lIect and receive all ~mpensatlon which may be paid for any property taken or for damages to property
<br />not taken, and Mortpgee shall apply such ~mpeDllltlon, at Its option, either to a reduction of the IndebtednesslleCUred
<br />hereby or to repair and restore the property so damaged.
<br />
<br />8. Perlonuance by Mortpiee. Mortgagee may, but shall have no obllllBtlon, to do any act which the MortPllor
<br />baa agreed but falls to do, ~d Mort...e ma]r also do any act It deems necessary to protect the lien hereof. MortplOf
<br />agrees.to repay, upon demand, any' sumS 10 expended by the Mort((agee for the abovepuiposes, 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 omit to do hereunder.
<br />
<br />9...~fault; AssIgnment of Rents. Time Is of the essence hereof, and upon. Mortgagor's default In any covenant
<br />or agreement.ofthls Mortgage, Including covenants to pay when due. the sums Secured by this Mortgap, the MortNee shall
<br />be entitled, at Its sole option and without notlce,'to declare all sums secmed by this Mortgage.to be Immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon IUch
<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 coiled the rentll, Issues and profita therefrom 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 rentll' Issues and profits being assigned to the MortllBgee as further security for tbe payment of the Indebtedness
<br />secured hereby.
<br />
<br />10. Tranlfer of Property. If all or any part of tbe Property Is sold or tranafened without the expresa written con.
<br />sent of the Mortgagee, Mortgagee may at Its sole option, declare all sums ,secured by this Mortpge to be immediately due
<br />and payable.
<br />
<br />11. Future Advances. Upon request of Mortpgor, Mortgagee may make additional and future advanees to
<br />Mortgagor. Such advances, with Interest thereon, sball be secured by tbls Mortgage when evidenced by promlasorynotes
<br />stating that said notes are secured bereby. At no time shall the principal amount of the Indebtedness secured bY this
<br />Mortpge. not Indudlng sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12. MiIeellaneoua ProvI.slOIll.
<br />
<br />(a) Any forebearance In exercising any rigilt or remedy sball not be a walver thereof.
<br />
<br />(b) All remedies provided herein are distinct and cumulative to any other rigilt afforded by law orequlty,
<br />and may be exercised concunently, Independently or successively.
<br />
<br />(c) The covenantll and agreements contained bereln shall bind, and the rights Inure to, the ft!Spectin
<br />succesaors and assIgna of the Mortgagor and the Mortgagee.
<br />
<br />(d) All connants and agreements of the Mortpgor are joint and several.
<br />
<br />(e) The beadlnp of the paragraphs of this MortllBce are for convenience only and shall not be used to inter-
<br />pret or define the pro9lsl0na hereof.
<br />
<br />13. ReIeaR. Upon payment of ell sums secured by this Mortpl\!, Mortgagee sball cIlad1arp'thlS Mortpp and
<br />shall ellecute and deliver a satisfactory release therefor.
<br />
<br />IN WITNESS WHBREOF, Mortpaor bu execuled this Mortgage on the 22n~y of June ,19..BJi..
<br />
<br />~/J;~
<br />GeOrgia . Davis
<br />
<br />1Iouo..-
<br />
<br />~~~~
<br />
<br />~ , <:'-' ~ State of Nebraab,
<br />~ ~ ~.<;-
<br />
<br />"' ~ ~ On this 22nd day of June I 19..BlL., before me, the undenlgned, a Notuy Public
<br />
<br />~\. '-1 ~1 duly commla1oned and quallOed for said count)', pi_ally came Georg i aM. Davi s
<br />
<br />~ (.. '-' ' to me known to be the
<br />\.. . ~ ldenUeal pellOll(S) WbOA name(l) an lublcrlbed to the Contolnllnstrument and Icknowledpd the ellecuUon thereof
<br />.. '-\ her
<br />~ ~ to be yoIuntuy ad and dted.
<br />
<br />~ \. \time. my hand and notadai .... at
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<br />County 18:
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<br />Grand Island
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<br />In said county, the
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