|
<br />1. CoDd.mOltlon. In the e.enUb. Property, or any part th.reof, .ball be liken by eminent domaln, the Mortpge.
<br />Isempowered to collect and ....Iv. all compensaUon wblch may be paid lor any property tak.n or for damag.. to prop.rty
<br />noL taken, and Mortps:ce shall apply BUch compenslltion, nt Its OpUOD1 either to I reducUon ot the indebtednea &ecured
<br />bereby or to repalr and re.to~ tb. property '0 damaged.
<br />
<br />B. PerI'orman'" by Mortgagee. Mortg.g.. may, but shall ba.e no obllgaUon, to do any aet wbleb tbe Mortga_or
<br />bas allft!Od but lall. to do, and Mortgage. may also do any act It de.1III Deeeaaary to prolact tb. lie. b.reol. Mortgagor
<br />agrees to repay, upon- demand, any 8Ums 60 expended by the Mortpgee for the sbove purpOHl, and IIny BUtnllO expended
<br />by the Mortgagee shall be added to tb. Ind.bladn... ..cured b.reby and become .ubj..t to th. lI.n h.reof. Mortgagee
<br />shall not ineur any personalllabUity because of anything It may do or omit to do h.reund.r.
<br />
<br />9. Ilelault; AlI&lgament of Ranta. TIm. Is of Ihe ....n... hereof, and UPOD Mortgagor'. default in any cov.Dant
<br />or agreement or this Mortgage, including covenants to PlY when due the liuD1Ilecured by this MonllKe, the Mortiqee sJuill
<br />be enUU.d. at Ua .01. opUon and wilhout notice, to d.elare a11,ulIII..eured by tbla Mortgage.to belmm.dlal.ly du.and
<br />payabl. and may commence foreelosure of this Mortgnge by judicial p......dlnp; and, provld.d furth.r, that upon..uch
<br />d.lault the Mortgagee, or a ....Iv.r appoinlad by a court, may at Its opUon and without regard In the adequacy of th.
<br />seeurlty, enter upon and teke possession of th. Property and eoll.ct th. ..nts,l..ues and profits Iherefrom and apply th.m
<br />first to the eost of colleeUon and operaUon of tbe Property and th.n upon Ihe Ind.bladne.. ..eured by this Mortgagee;
<br />said rents, issues and profits being assigned to tbe Mortgage. as furth.r ..eurity for the paym.nt of Ih. Ind.btedness
<br />secured hereby.
<br />
<br />10. Transf.r of Property. If all or any part of tbe Property is sold or transferred without the .xp.... written con-
<br />sent of the Mortgagee. Mortgagee may at ita sole option, declare all sums ,secured by this Mortgage to be inlmedlately due
<br />and payable.
<br />
<br />11. Future Advances. Upon request of Mortgagor" Mortgagee may make additional and futu.. advan... to
<br />Mortgegor. Such advances, witb interest thereoD, shall be ..cured by this Mortgage when evld.nced by promissory note.
<br />.bitlng that said nol.. are .ecured he..by, At no time shall the prlneipal amount of th. indebladness secured by this
<br />Mortgage, not including sulD:s advanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12. MIseeUaneou. Provisions.
<br />
<br />ea) Any forebearance in exercising any right or remedy shall not be B waiver thereof.
<br />
<br />(b) All remedieji provided herein are distlnct, Bnd cumulative to any other right afforded by law or equity,
<br />and may be exercised QODcurrently t independenUy or successively.
<br />
<br />(c) 'Ibe covenants and agreements contained herein shall bind, and the rightB inum to, the respective
<br />successors and BS61gns of the Mortgagor and the Mortgagee.
<br />
<br />(d) All covenants and agreements of the Mortgagor are jolnt and severaL
<br />
<br />~J
<br />":.
<br />~
<br />
<br />(e) 'lbe h.adlnp of the paragrapb. of thl. Mortgage are for convenlenee only and .ball not be us.d to IDter. '--!)
<br />pret or define the provisions bereof. I"'-l-A
<br />
<br />IN WITNESS WHEREOF, Mortgagor has ex""ulad t '
<br />
<br />
<br />,19Ba-.
<br />
<br />~
<br />
<br />~
<br />
<br />13. ReI..... Upon payment of all .ums ..cured by this Mortgai1", Mortgagee .hall dlschlll1le tbIa Mortgag. aDd
<br />shall exe<:ute and deliver a S8tista~l.ol'Y release therefor.
<br />
<br />Slala of N.bruka,
<br />
<br />Hall
<br />
<br />( e E. Clark, Husband)
<br />
<br />O~~lf( ;.,. )I~r c e... J -/.
<br />(PhVl is A. Clark, Wife'
<br />County ..:
<br />
<br />BouQwer
<br />
<br />~
<br />~
<br />
<br />.~
<br />,J
<br />"
<br />,,,,
<br />'. <~
<br />
<br />19BB-. befo.. me, the undersi!ll.d, a Notary Public '~
<br />~ ,,,
<br />dulycommisslonedandquallfiedrorsaidcounty.penonallycame Vp.nnAlh F. C:l~rk ::Inn 'Phvl1;Q 1>. C'l.>lrk,"\ '"
<br />'C. ..\- "
<br />Husband & Wit e , to m. known to be th. <:J (1 OJ
<br />IdenUcaI pelSon(.) whose name(.) are .ubscrlbed to the fo..golDg IDstrument and acknowledged th. execution thereof -Ij J~
<br />
<br />tu be their voluntary aet and deed. ' ~ J\.,
<br />
<br />WIlD... my hand aDd nularlal teal at Grand Island. NE in said county. th.r\"t ~
<br />dala afomaJd. ::, c_;9
<br />').~~~
<br />;;
<br />N._ PubIlc ") ,
<br />
<br />Bottowu
<br />
<br />On Ibis
<br />
<br />31
<br />
<br />day 01
<br />
<br />AIlQIl!':t
<br />
<br /> ".
<br /> i~\~l; en
<br />4 N
<br />5!.
<br />Ll :c
<br />""'"
<br />! r ~!i~ .."
<br />I; ooS l: GI
<br />00 ~;z:
<br />1 <::>
<br />....0 -
<br /><1>0 ~
<br />Nile 1oc. IND 101 1110
<br />...
<br />
<br />
<br />- 717 (;U l' ",'/I,,,,, n J "'/:-
<br />
<br />(Sp.aclll Relo" Tbb Llne aaaTlld For lAnder and Recorder)
<br />
|