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7. Condeemaillon. In the event the Property, or any part thereof, shall betaken by eminent domain, the Mortgagee _
<br />I% empowered to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />not taken, and 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 />& hdarmanice by Mortgagee. Mortgagee may, but shall have no obligation, to do any,act which the Mo
<br />has speed but fidis to do, and Mortgagee may also do any act It deems necessary to protect the lien hereof, Martppir
<br />apaes to repay, upom demand, any sums so expended by the Mortgagee for the above purposes, and any suns so expended
<br />by the shall he added to the indebtedness secured hereby and become subject to the lion hereof, Mortgagee
<br />shalt not incur any personal liability because of anything it may do or omit to do hereunder,
<br />8. 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, Ow 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 />first 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. It 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 />s,
<br />(e) The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter- s
<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 24thlay of August _,19 87
<br />�? tic r �. 1 W a,Aihcl r D/(�
<br />Clemence P. Wieczorek :rower•
<br />Barbara M. Wieczorek 0 Borrower
<br />State of Nebraska, Hall County ss:
<br />On this 24th day of August 1987__, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came Clemence P. Wieczorek and
<br />Barbara M. Wieczorek p
<br />to me known to be th `b
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />V
<br />to be their voluntary act and deed. V
<br />Witness my hand and notarial seal at Grand Island, Nebraska in sold county, the b
<br />date aforesaid. �a
<br />AWNEL 4� Com�/7.f�r Lrl L� �YGL,/rhd c t�
<br />:.. ktl am 13R lyt 23, lea. Notary Pubnc
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<br />(space Below This Line Reserved For Lender and Recorder)
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