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88-106940 2. Mo~!l!'gor is the ow"er of the Property, has the right al'ld authoriGlt~G>aSage the Property, and warrants that the lie" created hereby is .. first al'ld prior lien on the Propert~'. 3. To pe.y when due all taxes, special assessmen ts and all other charges a!lBinst the Property and, upon written demand by Mortgagee, to add to the payment required under the Note secured hereby, such amount as may be eufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due. 4. In the event the Property, or any part thereof, shall be taken by eminent danain, the Mortgagee is empowered to collect and receive all compensation which may be paid for any property taken or for damages to property not taken, and Mortgsgee shall ap;>ly such compensation, at its option, either to a reduction of the il'ldebtedness secured hereby or to repair and restore the property so damaged. 5. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor has agreed but fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mort!lBgee shall not incur any personal liability because of anything it may do or ami t to do hereunder. 6. Time is the essence hereof, and upon Mortgagor's default in any convenant or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mort!lBge, the Mortgagee shall be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage to be ilIInediately due and payable and may comnence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such default the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the security, enter upon and take possession of the Property and collect the rents, issues and profits therefrCHll and apply them first to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgage; said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness secured hereby. 7. If all or any part of the property is sold or transferred without the express written consent of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be i.Jmnedia tely due and payable. 8. Any forbearance in exercising any right or remedy shall not be a waiver thereof. 9. All remedies provided herein are distinct and cumulative to any other right afforded by law or equity, and may be exercised concurrently, independently or successively. 10. The convenants and agreements contained herein shall bil'ld, and all rights inure to, the respective successors and assigns of the Mortgagor and the Mortgagee. 11. All convenants and agreements of the Mortgagor and the Mort!lBgee are joint and several. 12. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mort!lBge and shall execute and deliver a satisfactory release therefor. ~"'=. -- '"" ~~ . Robertson executed this Mort!lBge on the ~ ~ day of ~A'~~~ Marilyn J. ' STA'lE (J(l NJl8RASKA, ~ OF t.I!l L. L. The foregoing instrument was aclmowledged before me this /oJ' - .5 ' J-J' by Ila,.ond V. Robertson and Marilyn J. Ilobert.son, husbBrxl and wife. ~iiitI&'f'~ pOlIIIc::;:t L19'l2 A(~,,~ ~(ajUhr!UC'v tvr Ie