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<br />1. Condemnation. In the event tho Propeorty, or my put thereof, shall be taken by eminent domllln,the MortPlee
<br />lsempowered cocolloctsnd recclve all compensation which may be pJIlld for any property taken or for damlles to property
<br />not taken, and Mortp&ec shall apply luch compeouUon, at Ita opUoo, eiLber to. reducUon of the Indebtednea secured
<br />hereby or to repair Ilnd restore the property so damaKed.
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<br />8. ~o~.;i,y "'rttl,...lMortlage2mapbu.:.ihalUave no obllgaUon, 10 do any acl which Ihe Mortga~or
<br />has Il(retd but falls to do, and Mortpcee may abo do any act It deems necessary to protect the tlen hereof. MortPlor
<br />II.p"ees to re~ t upon demand, any liUms so expended by the Mortplee for the above purposes, and any sums so expended
<br />by the Mortgagee shall be added 10 the indebtedness "",ured hereby and become ,ubjecl to Ihe lien hereof. Mortgagee
<br />shall not Incur any personalllabillty because of anything It may do or omit to do hereunder.
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<br />9. Default; AslignmeDt of Rents. Time II of the essence hereot, and upon Mortgagor's detault in any covenant
<br />or agreement ofthls Mortgage, Including covenants to pay when due the sums secured by thIs Mortpge, the Mortgageo shBlI
<br />be enUUed, allts .ole option and without nollce, 10 declare all .ums secured by Ihls Mortgage to be Immedlately due and
<br />payable and may commence foreclnsllIl! or this Mortgage by judicial proceedings; and, provided rUrther,lbat np~n aueb
<br />deraullthe Mortgagee, or a receiver appointed by a court, may allla oplion and wltboul regard 10 Ihe adequacy uf Ihe
<br />security I enter upon Bnd take possession of the Property and collect the rental luues and profits thel8from and ,apply them
<br />filSl to the cnsl of colleelion and operallon oflbe Property and then upon Ihe Indeblednesa secured by lhIa Morlgagee;
<br />said rents, issues and profits being as&igned to the Mortgagee as further security tor the payment. or the Indebtedness
<br />secured hereby.
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<br />10. funder of Property. If all or any part of the Property Is sold or transferred without the express written con~
<br />sent of the Mortgagee, Mortgagee may at its !iDle optlonl declare all sums .secured by this Mortgage to be immediately due
<br />and payable.
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<br />11. Future Advances. Upon request of MortKBKor. Mortgagee mllY make additional and future advances to
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />stating that said notes are secured hereby. At no lime shall the principal amount of the indebtedness secured by this
<br />Mortgage, not including sums advanced to protect the socurity of this Mort=:Bge, exceed the original Note.
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<br />12. MisceUaneous Provisions.
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<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver tbereof.
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<br />(b) All remedJes provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised concurrently, independently or successively.
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<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
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<br />(d) All eovenanla and agreements of the Morlgagor are joinl and several.
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<br />13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactol'Y release therefor.
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<br />IN WITNESS WHEREOF, Mortgognr has executed thl. Mortgage on the 22ndday of September , 19.mL.
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<br />Borrower ;to ~
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<br />Slate of Nebruka, HALL County ss: '~ '\oj
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<br />On this 220d day or September 19~. hefore me, Ibe underaigned, a Notary Public ~
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<br />duly commissioned and qualified for said counly, pelSonally came Jeffrev W. Kellv and ~ ~
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<br />Nancy S. Kelly, Hwoband and Wife , to me known 10 be the ~ '- ~
<br />Idenllcol pellon(o) whose name(.) are .ubscribed 10 Ihe foregoing Instrument and acknowledged Ibe execurlon thereor ~ y "
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<br />to be their voluntary acl and deed. . 'j ,S ~
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<br />Grand Island. Nehra..ska in said county, the;; ~ ~
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<br />to-AV'~"-~~!~/fh,,,,_L ~""~"'\:
<br />.r NotarY PubUc ~ \.:] J
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<br />ancy S. Ke y
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<br />Sau'ower
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<br />The headings of the paragraphs of this Mortgage are for convenience only Bnd shall not be used to Inter~
<br />pret or define the provisions hereof.
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