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<br />7. Condemnation. In the event the Property I or any part thereof, shall be taken by eminent domain, the Mortgagee.
<br />Is empowered to collect and receive all compensation which mlY he paid for any property taken or for dllmages to property
<br />not taken, and Mortgagee sluill apply such compensation, at Its nptlon, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property so damaged.
<br />
<br />8. Performance by Mortgagee. Mortgagee may, hut shall have no obligation, to do any act which the Mortglli\or
<br />has agreed but falls to do, and Mortgagee may also do any act it deems necessary to protect the lien here~r_ Mo-rtpgor
<br />agrees to repay. upon demand, any 5Ums 50 expended by the Mortgagee for thE abovt' purposes, and any sums so expended
<br />by the Mortgagee shall be added to the Indebtedness secured hereby and become subject to the lien bereof. Mortgagee
<br />shall not Incur any personallllbUity because of Inythlng It may do or omit to do bereunder.
<br />
<br />9. DeCault; A8lpment of Rents. Time is of the essence hereof, and upon Mortgagor's defaUlt in any covenant
<br />or agreement of this Mortgage, in':!uding covenUlts to PlY when due the SUIi1S spcured by this Mortgagf.. fh~ Mart~agee shall
<br />be entitled, It its snle option and without notice, to declare all sums secured by this Mortgage to be immediately due and
<br />paYlble and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, tbat uPon such
<br />default the Mootgqee, or a receiver appointed by a court, may It its option and without regard to the adequICY of the
<br />""curity, enter upon and tlke posoesalon of the Property and collect the rents, wues and profits thereCrom and Ipply them
<br />llrst to the cost of collection and operation of the Property and then upon the indebtedness oecured by this Mortgagee;
<br />oald rents, iIIu.. and profits being usigned to tbe Mortgagee as further oecurity for the payment of the Indebtedness
<br />secured hereby,
<br />
<br />10. Transfer of Property. If all or any pan of the Property is sold Dr tIimsrl'rred without the express written con-
<br />sent or thE' MortlaFl', Mongagff lUa)' at its sole option. dr.-c)are all sums secured by this Mortgage to be imml'dlately due
<br />and ~yabl.,
<br />
<br />11. Futu~ Advances. Upon request or Mortgagor. MortgegPf" ml~' make additional and future advancl's to
<br />Mortllcor. Such advances. with interest thl'fPon. shall bt> secured by this MonelCE' when evldeneE'd b~' promissory notps
<br />,tatlne that u.ld notps are secured hereby. At no time shall tht" principal amount of thE' indebtedness spcu~d by lhi!!l
<br />MortPl". not indudJnl 'Urlll advanced to protect the security or this Monpg!. exceed the ori&iral Note.
<br />
<br />12. MllC"!'llanroul PrOVWORl.
<br />
<br />(I) M)' rOt'l'bPuanC1' in t"xprcising L1)" right or J1!mpdy shall not bt> a waiwer theRaf.
<br />
<br />(b) AU It''mf'dlrs provtdpd hprt"ln an' distinct Ind cumulaUve to any other nlht arrorded b}" law or t"quit)..
<br />and ma)' tM' l'xrrdU'd ~ncul1l"nU~', Indeppndently or suecessinly_
<br />
<br />(e) Thl' covenlnb and al"f'rmenlS eonlllned herein shall bind. and tht> riChu Inuw to, the fl"Spl'Cfl"'E'
<br />lucceuon and us1lm of thE' Martellor and thE' Mortlllft',
<br />
<br />(0 I All CO\f'nantA and I~"'t'mt'nu. of Lh., MOnll:IKl'r Af1' joint and Sf'V!ta1.
<br />
<br />fl'. The hpadlnp of lbr para~phli of thl5 MonK.If" &Jl' for connmf'nCl' onl~' and .halJ not be u~pd to mll'r.
<br />PlY' or dl'nDi' lht' proviilons hrrpor.
<br />
<br />IS. RoI._, Upon paym.nt of III sum. ...cu..d by \hi' Monglg<'. Monelg.. .hall dI",hug,' this Monglg. Ind
<br />lhAlI rx('cuW and d..Unr . satidletol')' ",J{'1St' thl'rl.ror
<br />
<br />IN WITNESS WHEREOF, Monglgo' has ...cuud Ih.. Mortgae. on lb. illb day' of August
<br />
<br />
<br />0fkAI/ (>1 .f;" 7';~.(,f'r-S)
<br />(Geralyn D. Leiser) -
<br />
<br />.19 --1111.,
<br />
<br />Bonvw,"
<br />
<br />Barra.'rr
<br />
<br />SLat< of Nebraska,
<br />
<br />Hall
<br />
<br />County 15:
<br />
<br />01) this 1 tth
<br />
<br />day 01
<br />
<br />A uguc:'
<br />
<br />19.-J1ll, beloro me, lb. underslgn.d, I Nota~' Public
<br />(;,pr::lly" n Ipic:pr r... ~'ngl.~ pp,.~(')n
<br />
<br />duly commiiiloned and qualified for said count..... prnonaUy cam..
<br />
<br />1 to me known to bP thE'
<br />idrnUca1 PfROn(i) wbQli(' namr(s. 1ft' subKri~d to thr rorrlOlnc instrument and acknowledll'd the eXE'cution thereof
<br />
<br />to be
<br />
<br />t.p.r
<br />
<br />voluntary Ict and drt>d.
<br />
<br />Witness my hand and notarial ...alll
<br />dato a!oreoald .
<br />
<br />Grand Island Np-b....aska
<br />
<br />in &.aid county. tht'
<br />
<br />"'U::E"ml/h"'1" -: '''~h-
<br />
<br />IS pace Below 'Ibis Un" Rf!KI"\'ed For Lender and Recordn)
<br />
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