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<br />7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain. the Mortlal"
<br />is empowered to coDect and receive all compensation which may be paid for any property taken or for damqes to property
<br />not taken, and Mortgllgee shall apply such compensation. at Its option, either to a reduction of the Indebtedneu secured
<br />hereby or to repair and restore the property so damaged,
<br />
<br />8. Performance by Monp,ee, Mortgagee may, but sha1l have no obllgptlon, to do any act which the Mo~r
<br />has agreed but fails to do, and Mortgagee may also do any act It deems nl!Cellllllry to "rotect the lien hereof. Mortgagor
<br />'agrees to repay. upon demand, any sums so Rpended by the Mortgagee for the above purpll6es, and any sums so expended
<br />by the Mortgagee shall be added to the Indebtedness secured hereby and become subject to the lien hereof. Mortpcee
<br />shall not Incur any personllllablllty because of anything It may do or omit to do hereunder,
<br />
<br />9. Defaldt; Aldpment of Rents. TIme Is of the essence hereof, and upon Mortgagor's default In any COYeIWIt
<br />or agreement ofthls Mortgage. Including covenants ,to pay when due the sums IIl!CUll!d by this Mortgage, the Mortgagee sha1l
<br />be entitled, at ItS sole option and without notice, to declare all sums secured by this Mortgage.to be Immediately due and
<br />payable and may commence foreclll6Ule of this Mortgage by judicial proceedings; and, provided further, that upon sucb
<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 collect the rents, iBsues and profits th~fIom and apply them
<br />first to the cost of collection and operation of the Property and then upon the Indebtedness secured by this Mortpgee;
<br />said rents, Isslles and profits being assigned to the Mortgagee as further security for the payment of the Indebtednesl
<br />secured hereby. . ,
<br />
<br />10. Transfer of Property. If all or any part of the Property Is sold or transfened without the exprea written con-
<br />sent of the Mortgllgee, Mortgagee may at its sole option, declare all sums ,secured by this Mortgage to be immediately due
<br />and payable.
<br />
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advmces to
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promlaory notes
<br />stating that said notes are secured bereby. At no time shall the principal amount of the indebtedness secured bY this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12. MiIceIIaneous ProvIslOlll.
<br />
<br />(a) Any forebearance In exercising any right or remedy shall not be a waiver thereof.
<br />
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised concurrently, Independently or succealvely.
<br />
<br />(c) The covenantl and qreementa contained herein sha1l bind, and the riptl Inure to, the l_.-&i'no
<br />suC!cellOm and IIBIIgns of the Mortgagor and the Mortppe.
<br />
<br />(d) All covenants and agreementa of the Mortpgor are joint and IeYl!raI.
<br />
<br />(e) The heaclinp of the paracrapll8 of this Mortgage are for convenience only and IhaII not be DIed to inter-
<br />pret or define the provisions hereof.
<br />
<br />13. Release. Upon payment of all sums secured by this Mortgage, Mortpgee sha1l discharge' thIi Mortp&e and
<br />sha1l Recute and deliver a satisfactory release therefor.
<br />
<br />IN WITNESS WHEREOF, Mongqor hu executed this Mortpee on the.29..thlay of
<br />
<br />.T"n~
<br />
<br />, 19.8.8-.
<br />
<br />I~=.&I
<br />~~t-..- ~..,
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<br />, ~ ~ " On this ?QU, day of J"~'"
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<br />).. C-; ~-t duly commillloned and quail fled for said county, personally came
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<br />~ '\J k ' &: , to me bown to be the
<br />~ \. r lldentlcal person (I) whose name(l) lII'l! subscribed to the fOll!lOln, instrument and acknowledeed the execution thereof
<br />
<br />1i~ to be her voluntary act and deed.
<br />~,f~ . WllD_ my band and notulal sell at Grand Island, Nebraska
<br />W ~ date aforesaid.
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<br />Mary McGovern
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<br />County 81:
<br />
<br />. 19-..!!.!L before me, the undelllped, a Notary PublIc
<br />Marv E. McGovern
<br />
<br />In said county, the
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