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<br />7. Condemnation. In lheevent Lhe Propt'rty, or any part theNof, shall be Laken by eminent domain. the Mortgagee
<br />l!l empowered to colleC'L and reC(llve all compt!OSItJon which mlY be paid for any property taken or tor damages to property
<br />nol Laken. and Mortgagee shall apply such compensaUon, at Ita opUon, either to I reduction of lhe IndebLedness Becumd
<br />hereby or to rrpalr and restore the property so damaaed.
<br />
<br />8. Performance by Morta'qee. MortpKoe may, but shall have no obligation, to do any Ict which the Mortpjl:or
<br />h.u acroecJ but falls to do, and Martpgee may also do any act it deems nccesury to protect the lien hereof. Mortplor
<br />B&I'ft5 to mpay, upon demand, any sums BO expended by the Mortaagee for the above purposes, and any sums 80 expended
<br />by tho Mortgageo mill be odded to the Indebtedness .ecured b.reby and beeome subjtct to the non horeol. MOrtgageD
<br />Fhall not tncur any personalllablllty because or anything It may do or omit to do hereunder.
<br />
<br />9. Default; AailDment or Rent&. l1me is of the euenee hereof, and upon lII'?rtNor's derault In any covenant
<br />orlgreement orthls Mortgage, including covenants to pay when due the BUms secured by this Morta:age, the Mortpeee shall
<br />be entlUed, at its 601e option and without notice, to declare all sums lecured by thla Mortgage.to be Immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicIal proceedlnpi and, provJ~d further, that upon such
<br />default the Mortgagee, or II receiver appointed by II court, may at its option and without regard to the adequacy of the
<br />security, enter upor. and take possession of the Property and collect the rental (&sues and profita therefrom and apply them
<br />fint to the coat of coUecUon and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />saId rents, lssues and profits being a5lilgned to the Mortpgee as further security for the payment of the Indebtedness
<br />secured hereby.
<br />
<br />10. Transfer of Property. If all or any part of the Property is sold or transferred without the express written con-
<br />sent of the MortgaJ!:ee, Mortgagee may at Its sole option, declare allliums secured by this 'Mortgage to be immediately due
<br />and payable.
<br />
<br />11. Future Advances. Upon request of Mortgae-or, Mortgagee may mllke additional and ruture Idvances to
<br />Mortgagor. Such advances, with Interest thereon, shall be secured by this Mortpge when evidenced by promissory notes
<br />stating Lb1tt said notes are secured hereby. At no time shan the principal amount of the indebtedness secured by this
<br />Mortpge, not Including 8Ums Idvanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12. Mlia!llaneou& Provision&.
<br />
<br />(Ii) Any forebelfAllce in exercising any right or remedy shall not be a waiver thereof.
<br />
<br />(b~ All remedies provided herein are distinct Bnd cumulative to any other right aftorded by law or equity,
<br />and may be exerclaed concurrently, independenUy or successively.
<br />
<br />(c) The covenants and agreements contained herein shall bind, and th~ rights inure to, the respective
<br />successors and assigns or the Mortgagor and the Morta:agee.
<br />
<br />(d) All covenants and Bgre~menls or the Mortgagor are joint and several.
<br />
<br />(e) The headinp of the p&ra&nPhs of this MonNe are for convenience only and shall not be used to inter-
<br />pret or denne the provision! hereor.
<br />
<br />13. Iltl..... Upon paym.nt 01 all .UID5 ...ured by Ibl. Mortgag., Mortllge. .haIl discharge thl. Mortgago and
<br />shall execute and dellvei 8 uttAr.clory release therefor.
<br />
<br />IN WITNESS WHEREOF. Mortgagor hIS .xeeuted this Mortgag. o~ day 01 September
<br />
<br />
<br />!l-;~ fJ )Lt:/?
<br />(Jo n_ W. Ell)
<br />(_it' ~A_vI ,;( ~. /t
<br />(Cheryl L, &:11)
<br />
<br />, 19l1.lL-.
<br /> 4
<br />Omrower :~
<br /> c":,
<br />Borrower ~
<br />
<br />Slate of N.brasn.
<br />
<br />Hall
<br />
<br />Wltneq my h.nd ond notartaJ ..allt
<br />dale .roresaid.
<br />
<br />~ My Commiuion expires:
<br />"" 0 J:---Il....u
<br />_ ...... UMaa
<br />~ 11__.....,17,.
<br />
<br />County 55: "'.&
<br />,,\ r--....
<br />On this '11th day of SpptPmhPT' 19..8.8- before me, the undersigned, a Notary Public ~ '1'
<br />
<br />duly commissioned and qUAlified ror said county, penonally came lnn" W F.11 F. r.hpryl r F.ll r ~_~\,,',,'
<br />
<br />Husband & Wife , to me known to be the "')"(J ~
<br />idenUcaI person(a) whose name(s~ aJ1! subscribed to the Coregoina: Instrument and acknowledged the execution thereof '"1, ,\I), ~
<br />,. ,,-.J
<br />to be the! r voluntary Ict Ind deed. ~ ~ - ~).1
<br />'-',,-
<br />said eounty, 1b.(1) '11) ')
<br />
<br />-! ~
<br />.'~J~ ~
<br />Notary PublIc: ".~ -~ ~~~
<br />c.
<br />
<br />
<br />LSpau Wow Thb Une RISUV.a Yor lADder and Recorder)
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