|
<br />7. Condemnallon. In the evenUne Property, or any part thereof, .hall be taken by eminent domain, the Mortgagee
<br />Is empowered tocolleel and receive all compensaUon which may be paid for any property taken or Cor damage. 10 property
<br />nol takenw and Mortgagee shall apply 8uch compensation, at ita option, either to a reduction of the indebtedness secured
<br />hereby or to repair and reslore the prop!!rty .0 damaged.
<br />
<br />8. Performance by Mortpgee. Mortgagee may, but .hall have no obllgaUon, to do any act which the Mortgagor
<br />has agreed but fall. to do, and Mortgagee may aI.o do any act It deems necessary to protect the lien hereof. Mortllgor
<br />agree. to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums .0 expended
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to Ihe Ilen bereof. Mortgagee
<br />shall not Incur any personal liability because of anylhlng II may do or omit to do bereunder.
<br />
<br />9. Default; Aasignment of Rents. TIme Is of the ....oce hereof, and upon Mortgagor's del'ault in any covenant
<br />or agreement of this Mortgage, \Deluding covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be entitied, at its sole "plioo and without notice, to decl.... all .ums secured by this Mortgage.to be immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; Ind, provided further, that upon such
<br />del'ault the Mortgagee, or a receiver appointed by a court, may al its option and withoul regard to the adequacy of Ihe
<br />security I enter upon and take possesaion of the Property and collect the rents, issues and profits therefrom and apply them
<br />first to the cosl of collecllon and operation of the Property and then upon Ibe Indebtedness secun!d by this Mortgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as Curtber security for tbe payment of the Indebtedness
<br />secured hereby.
<br />
<br />10. Transfer of Property. If all or any part of the Property is sold or transCerred without the express written eon-
<br />sent of the Mortgagee, Mortgagee may al its sole option, decl.... all sums .secured by this Mortgage to be immediately due
<br />and payable.
<br />
<br />1L Future Advan.... Upon request of Mortgagor, Mortgagee may 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 .... secured hereby. At no time shall the principal amount of the indebtedness secured by this
<br />Mortgage, nOllneluding sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12.. Mi&cellaneous Provisions.
<br />
<br />(a) Any rorebeamnce in exercising any right or remedy shall not be a waiver thereof.
<br />
<br />(b) All remedies provided berein are distinct and cumulative to any other right afCorded by law or equity,
<br />and may be exercised concuuently, independently or succe5&ively.
<br />
<br />(c) The covenants and agreements contained herein shall bind, and the rigb1s inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />
<br />(d) All covenants and agreements of the Mortgagor are joint and several
<br />
<br />(e) The headings of the paragraphs of this Mortgage.... for convenience only and sball not be used to inter-
<br />pret or define the provisions hereof.
<br />
<br />13. Rele.... Upon payment of all sums secured by this Mortgage, Mortgagee sball discharge this Mortgage and
<br />shan execute and deliver a satisfactory release therefor.
<br />
<br />,19.Ea..
<br />t Inc., A Corporation
<br />.J
<br />~
<br />
<br />'\il
<br />~
<br />County ss: J ~
<br />
<br />On this 12rh day of n...rnl-o",r 19~ ~fore me, the undersigned, a N~tary Public ~ )'
<br />
<br />duly commissioned and qUBlified for said county., personally came n~nn' Q 11~nn~n;=all. Pr4::l~'n~nt "l~~ ~ ~
<br />
<br />of El~ctrical Contractors, Inc., A Corooration t to me known to be the ~~ ~
<br />identical person(s) wbose name(s) are subscribed to the foregoing instrument and aclrnowledged the execution thereof ~ '-...: "\~
<br />
<br />to be Hi S voluntary act and deed. '.~ ~ -
<br />
<br />Wiln... my band and notarlal seal at In said county, the\' ~ ~ '\:.
<br />" date aforesaid. ___ ~ '" (\ ~ 'Ii ~
<br />
<br />~ MYCOmmissioncx....IlTAIr_lIf..... - '.~~u... L----.. J- "<'::,""~
<br />
<br />~S-- ~ rr::.-:r. ~PubUc'I')(\'"\l'
<br />C\J '" ~
<br />o ^' -.._~
<br />Z 0 ;:;: en
<br />
<br />i ~1~J-i~
<br />E r.-i '1~:z:
<br />B ~ -;;;~::;
<br />& 'QlI~O>-
<br />~ -a ~ 1...J1-
<br />t5&~ !;q 5
<br />00 1-0
<br />00 "'<.:>
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the.lL day of
<br />Electr' ntract
<br />
<br />
<br />Bm.rower
<br />
<br />personally
<br />
<br />Bo""...,
<br />
<br />State ol Nebraska,
<br />
<br />R;::\ll
<br />
<br />%::
<br />q:
<br />
<br />:J--~Bo10W ...... ..... R.-... F.........., and R~n1.d
<br />
<br />
<br />
<br />Ji
<br />
<br />......
<br />
<br />;;
<br />1
<br />c
<br />...
<br />
<br />:=.
<br /><::>
<br />:z:
<br />
<br />...
<br />~
<br />
<br />NBC 1066 IND 301 2(110
<br />
|