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<br />7. Condemnation. In the event the Property, or any part thereof, Iihall be Laken by eminent domaln,lhe Marte_gee
<br />is empowered t.o collect and receive all compensation which may be paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at Its option, either to a reduction of the indebLedness secured
<br />hereby or to repair and restore the property 80 damqed.
<br />8. Performance by MOJtppe. Mortgagee JrulY. but shnll have no obligation, to do Bny act which l\1e _Mo}l~.gor
<br />has agreed but r.n, to do, and Mortpgee m-y also do any act Il deems necessuy to protect the lien hereof. MortP.ior
<br />apes too repay, upon demand, any sums liD expended by the Mortgage!! for the above purposes, and any sums so expended
<br />by the Mortpeee shall be added to the indebtedness secured hereby and become subject to the Uen hereof. Mortpgee
<br />shall not Incur illY penonalll8blUty because of anythlna: It may do or omit to do hereunder.
<br />9. Del.ult; AsaipmeDt 01 Rents. Time ls of the essence hereof, and upon MortPlor's delault In any covenant
<br />or apeement or this Mortpge,lncludlng covenants to pay when due the sums secured by this Mortpge, the 1dortgqee shall
<br />be entitled, at Its sole option and without noUce, to declare aU sums secured by this Mortpge to be immediately due and
<br />payable and may commence foreclosure of this Mortpge by judicial proceedings; and, proYlded further, that uPon such
<br />default the MortPI~. or a recelver appointed by a court, may at Its option and witLout reprd to the adequacy of the
<br />security, enter upon and tate possession of the Property and collect tbO! rents. wues and profits therefrom and apply them
<br />fint to the cost or collection and operation of the Property and then upon the Indebtedness secured by this Mortpgee;
<br />!aid rents, luues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />10. Transfer o( Property. [f aU or any part of the Property is sold or transferred without the express written con.
<br />sent of the Mortpgee. Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />and ply.ble.
<br />11. Futun Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortplor. Such advances, with interest thereon, shall be secured by this Mortgage whE!O evidenced by promissory notes
<br />stating that u.ld notes are secured hereby. At no time shall the principal amount of the indebtedness secu~d by this
<br />Mortgqe, not including sums advanced to protect the Iiecurity of this Mortpge, exceed the original Note.
<br />12. MiscelWleous Provisions.
<br />
<br />(a) Any forebearance in exercising any right or remedy sha!l not be 11 waiver thereat
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by law or eqult)..
<br />and may be exercised ~oncum!ptly, Independently or successively.
<br />(c) The covenants and agreements contained herein Iihall bind, and the rights Inure to. the re!>pective
<br />succeSSOR and as.slgns of the Mortgagor and the Mortpgee.
<br />(d) All covcnants and agreements of the Mortgagor are joint and &everal.
<br />(eJ The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to Inter.
<br />pret or define the provlslons hereor.
<br />ld. Release. Upon payment of a11liums secured by thlB Mortgage, Mortgagee sht-I: dlschafle this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />
<br />IN WITNESS WHERE'JF, Mortgagor has executed this Mortgage on the J..8.tbday o( Ortnhp....
<br />
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<br />BoftOwa
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<br />BIllie 01 N.bruka,
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<br />Hall
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<br />County ss:
<br />
<br />o~ thls 18th day of OctnhRr 19...8B..-, before me, thl' undemllDed, a Notaly Public
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<br />duly commlssloned and qualified for said counLy. personally elme Tim r.: PI~tl)l ;Inti nlllh.-;I n PI~tA
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<br />husband ann wifp , to me known to bt the
<br />identical penon(s) whose name(s} are &ubscribcd to the (orelolne instrument and acknowledged the execution thereof
<br />
<br />La be thpl.- 'Voluntary act and deed.
<br />
<br />Wltnea my hand and notarial sealal
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<br />Grand Island NebrR!l:.k~
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<br />In said count}'. the
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