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<br />7. CondemnaUon. In the evcnl the Property,or lilY part Ulcreo', shall be taken by eminent dOIJ).Alntt~lc MnrtKlgce
<br />la ('rr.powcred to collect and receive nil compensation which may be pllld ror any property liken or ror (jamaV,e. La propeity
<br />not laken. and Mortgagee ahall apply such compensation, at its option, either to. reduction or the Indebtedneu secured
<br />hereby or 10 repair IDd reslurelb. property .0 damaged.
<br />
<br />8. PerCO'llWlCil' by Mortcqee. Mortgagee may, bul sban have no obllgallon, to do any act which the Mortpllor
<br />hu agreed but ralls to do, and Mortppe may also do any act It deflrDS necessary 00 protect the lien hereof. MortPlor
<br />qrees to repay, upon demand, any BUrns so expended by the Mortalgee for the above purposes, and any sums so expended
<br />by lbe MDrtpgee .hall be added 10 lhe indehledDess secured hereby IIIId become .ubjecl to the lieD hereof. Mortgagee
<br />shall not Incur any personalllabillty because of anything it may do or omit to do hereunder.
<br />
<br />9. Deflult; Assipment of Rents. Time is or the essence hereof, and upon Mortgagor's default In any covenant
<br />oragreement or this Mortgage, lnc1udlnll covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be enUUed, 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 foreclosure of this Mortpge by judlclal proceedlnpi and, provided further, that upon such
<br />deCault 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. issues and profits therefrom and apply them
<br />first to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgageej
<br />said rents, Issues and profits being assigned to the Mortgagee as further security ror the payment of the Indebtedness
<br />5eCured herehy.
<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 Mortgagee, Mortpgee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />IIIId payable.
<br />
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additionaJ and future advances to
<br />Mort.ea&or. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />sLating Utal said noles are secured hereby. At no time shaH the principal amount of the indebtedness secured by this
<br />Mortpce. noL including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12. MliceUlneoul Provision&.
<br />
<br />ta) Any forebearance in exercising any right or remedy shan not be a waiver thereof.
<br />
<br />(b) All remedies provided berein are disti~ct and cumulative to any otber right aftorded by law or equity,
<br />and may be exercised concurrently, independenUy or successively.
<br />
<br />lei The covenants and agreements contained herein shall bind, and the rights Inure to, the respective
<br />successors and llSSigns of the Mortgagor and the Mortgagee.
<br />
<br />(dl All covenants and agreements of the Mortgagor are joint and sevent.
<br />
<br />(r) The headings of the paragraphs of this Mortgq:e are ror convenience only and shall not be used to Inter.
<br />pret or define the provisions hereor.
<br />
<br />13. Releue. Upon payment of all sums secured by this Mortgage, Mortgalee shall discharge this Mortgage and
<br />shall exeeut@anddellver8satlsfactOl.;" release thereror.
<br />
<br />IN WITNESS WHEREOF, Mortgagor has execuled tbis Mort_ OD lbe H.- day of Oc tobe r ,19~.
<br />
<br />(1
<br />L~~A~~ I! I~d.~j)
<br />(~e iSO~(:'J8ont, ~!,:~n,~
<br />
<br />Mary K. 8 nd) Wife
<br />
<br />Bcnrowa-
<br />
<br />Borrower
<br />
<br />Stale of Nebraska.
<br />
<br />Hall
<br />
<br />County ss:
<br />
<br />OD tills 14 day of October 19~, before me,lbe undersigned, a Notary Public
<br />
<br />duly commissioned and qualified for said county, personally came Dennis R. Bond and Marv K. Bond,
<br />
<br />Husband and Wife , to me known to be the
<br />identicaJ person(s) whose name(s) are subscribed to the foregoing instrument and acknOWledged the execution thereof
<br />
<br />to be their 'OIUDtaryacllllld deed.
<br />
<br />Witness my band IIIId notarialse.hl Grand Island, NE 68802
<br />dIllellforesald.
<br />
<br />in said county, the
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