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7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee <br />is empowered to 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 indebtedness secured <br />hereby or to repair and restore the property so damaged. <br />S. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor <br />has agreed but fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor <br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended <br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee <br />shall not incur any personal liability because of anything it may do or omit to do hereunder. <br />9. Default; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant <br />or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee sball <br />be entitled, 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 Mortgage by judicial proceedings; and, provided further, that upon such <br />default 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 />fast to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee; <br />said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness <br />secured hereby. <br />10. Transfer of Property. If all or any part of the Property is sold or transferred without the express written con - <br />mat of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due <br />and payable. <br />11-Future, Advances. 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 are secured hereby. At no time shall the principal amount of the indebtedness secured by this <br />MorVige, not including sums advanced to protect the security of this Mortgage, exceed the original Note. <br />12. Miscellaneous Provisions. <br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof. <br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by law or egaify, <br />and may be exercised ^oncurrently, independently or successively_ <br />(c) The covenants and agreements contained herein shall bind. and the rights inure to, the respective <br />successors and assigns of the Mortgagor and the Mortgagee_ <br />(d) All covenants and agreements of the Mortgagor are joint and several- <br />(e) The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter- <br />pret or define the provisions hereof. <br />13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and <br />shall execute and deliver a satisfactory release therefor. <br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 39th day of 19 -132- _ <br />(Thomas J. it") <br />(K istie A. Dolton) R�rra <br />State of Nebraska, Hall County ss_ <br />on this 30th day of March 19-117- before me, the undersigned, a Notary Public ? <br />duly commissioned and qualified for said county, personally came Thomas J- Dolton E Kristia A Dolton, <br />husband and wife <br />to me known to be the ~ r <br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof <br />to be thi'11 voluntary act and deed 7- <br />Witness my hand and notarial seal at G Inri Island - Nebraska in said county, ? ' =-a <br />date aforesaid Y} <br />v _ <br />My Commission expires =alt �Jlt r h x <br />atOl1111A was t ? <br />a1119ftftTA1 <br />(Space aetov This tine Reserved For Leader and Recorder) S <br />1 V � via <br />p..l <br />GL7 <br />C y <br />NnC 1061A0 a- i@f, <br />Yyy <br />E <br />n <br />—J <br />