87101355 - Laserfiche WebLink

Browse

87-- 101355 4. In the event ` th`e - Property, or any part thereof, shall be taken by eminent domain, 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 Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured hereby or to repair and restore thct f fopei -ty so-damaged. 5. Mortgagee ma, /i tbiat "+.mill "?ia've no obligation to do any act which the Mortgagor` hits agrv,6d but' : fails to do, and Mortgagee may alsd- dd any "act- `it "toevnit ' cessary to protect the lien hereof: • Mortgagor agrees" repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any suing`so' expended ' by the Mortgagee shall' be added to the Indebtedness secured hereby and become subject to the lien hereof. Mortgagee shall not incur any personal liability because of anything it many do or omit to do hereunder. b. Time is of the essence herea4 , and upon Mortgagor's default in any covenant or agreement of this Mortgage, including covenants to pay when due the sums secured by this 'Mor'tgage, the Mortgagee shall be entitled, at its option and without notice, to declare all sums secured by this Mortgage to be immediately due and payable and may commence foreclosure of this Mortgage by judicial proceedings; 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 sect+ p, enter' upon'and take possession of the Property and collect the rents, issues` and profits ther6fr6m and apply them first to the cost of collection and opeation of the Property and then upon the indebtedness secured by this Mortgage; said rents, issues and profits being assigned 't`d the `Morttiag6t- as further security for the payment of the indebtedn%ss secured hereby: 7. i f 4Y 1 or f any partt Cif the F4copei-ty is sol d or `'ttratisferred withdUt `the `t xgr4ess writtefi consent of the Mortgagee,"" Mortgagee -may at its sole option, declare all sums secuel -d"by this Mehtqiige to•be iw*atfiately due and payable. B. Any forebearance in' exercising any right tar• remedy 5h*all iwdt be a wa3Ever thereof. 9t. All re§aedi es provided herein are distinct and Cumiilaft ive �, to any - k*her' cr i ght afforded by law or equity, and may be exercised concuei-vmbly,, indepondertVIV or successively. 10. The covenants and agreements contained herein shall _ bind, and all rights inure to, the respective successors and assigns of the Mortgagor and the Mortgagee. 11. All covenants and agreements of the Mortgagor and the Mortgagee are joint and several. 12. Upon the payment of all sums secured by this mortgage, Mortgagee shall discharge this Mortgage and shall execute and deliver a satisfactory release therefor. IN WITNESS t*4EREO , Mortgagor has executed this Mortgage on the —,L1__ day of .^ t'tarch, 19_87 _ arry _ Haden dt VIE Pe§JY Ann y a en a at!✓ STATE OF NEBRASKA ) Y SB: COU*Tv OF Hall ) The foregoing instrument was acl- nowledged before me this March 11 1987 _T by _Larry A._Hadenfeldt and — Peggy_ nn Hadanfeldthusband and wife. r NCITAft V f'11E3(_If: