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7, Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mo
<br />Is empowere4to collect and receive all compensation which may be paid for any property taken or for dam" to property
<br />not taken, and Mortgagee shall apply such compensation,' at its option, either to a reduction of the indebtedn Secured
<br />hereby or to repair and restore the property so damaged.
<br />9 Purfa mlancs by M . Mortgagee may, but shall have no obligation, to do any act which the KoMW
<br />bas agreed, but faits to do, and Mortgagee may also do any act it teems necessary to protect the lien hereof. Mortgogor
<br />appe to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the -Mortgages 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. fault; Assignment of Rents. Time is of the essence hereof, and upon 's default in any covenant 110
<br />oragreement of this Mortgage, including covenants to pay when due the sums secured by th , the Mortgagee shall
<br />be eutitled, at its sale option and without notice, to declare all sums secured by this 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. Thnsfer 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 />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 24t1day of August ,19 87.
<br />Mary I. Leamons Borrower
<br />BOf20WU
<br />State of Nebraska, Hall County ss:
<br />On this 24th day of August , 19 87 , before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came _ Mary I. Leamons
<br />",Z)
<br />to me known to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be her voluntary act and deed. o
<br />Witness Grand Island
<br />my hand and notarial seal at , Nebraska . in said county, they
<br />date aforesaid.
<br />My -etas a U1TE y� �
<br />..�fGG'YL7L!/I Qi4Je.�.e.[J �j
<br />_k=) j. ° Es9• 23. 1987 Notary Public
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