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87- 105006
<br />T. Condissmaillon. 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 />8. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but falls to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by theVorigageii shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagive
<br />s♦uft not b =atny personal liability because of anything it may door omit to do hereunder.
<br />8. Dalfanit; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />oragreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<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 />[lest to the coat of collection and operation of the Property and then upon the indebtedness secured by this ;
<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 />sent 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 />Mortgage, 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 equity,
<br />and may be exercised concurrently, 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 />WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 3rd day of August lg 87 -
<br />'B Trustee The Abundant Life Chriatian Center Inc.
<br />Trustee B Pres.
<br />Trus tee B I HocTer
<br />Sec.
<br />B Trustee B
<br />B Trustee 1
<br />B L tee
<br />State of Nebraska, Hall _County ss: A Trustee
<br />On this 3rd day of August 87 fo e e t bl'
<br />�$nard . zaidlt� "P e' , fattly to brush, Sec.
<br />copwissioned an uslifiedfo nt , rsonailycame Norman N. McCarthy, Trees., Clare Schmidt, Ttee
<br />e ACKerman, Tt�ustee, 'arlclugXna , Trustee Tom Atkin s, Trustee, r on Hasse mann, Ttee.,
<br />& Tim Rust Trustee a and t L e Christian Center Inc. , to me known to be the
<br />identical person(s) whose n&;(Js"&'s'uMAVX1d titeUr Wing instrument and acknowledged the execution thereof
<br />to be their voluntary act and deed.
<br />1Ptuess my hand and notarial seal at Grand Island, Nebraska in said county, the
<br />MY czamirsh
<br />of
<br />dam aforesaid .
<br />�— Notary Public
<br />lift 5A
<br />t4 was Below Tbh Une Reserved For Lender sad Recorder)
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<br />218c, t IND 80 afae a. n p
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