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7. Condemnation. In the event the Property, or any pad *treat doll be taken by eminent domain, the Mortgagee
<br />Is empowered to callect and neelve all compensation which may be paid for any property taken or for damages to pro"
<br />Dot takes, and M014000 OW apply such composellori, at Its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property go damaged.
<br />& Performance by Mortgao
<br />�w Mor4W may, but shall have no obligation, to do any set which the Mortgagor
<br />has ogre
<br />ad but tells to do, and Mortgagee may ako do any act It deems necessary to protect the Ilan bona. MonpW
<br />agrees repay, upon demand, any an,= so,expended by the Mortgagee for the above purposes, and any sums so expanded
<br />by' a Mortgagee shall be added to the indebtedness secured hereby, and become subject to the ben bond. Mortg&W
<br />, yAhe
<br />*A not WeUi any personal liability because of anything It may door omit to do hereunder.
<br />&Delault;Aesignmentot.Rents. Time is,orthe saamce hereof, and upon
<br />or t of this Moftlage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be entitled$ at Its sole option4arl without notice, to declare all sums secured by this Mortgageto be Immediately do* and
<br />payable and may commence foreclosure of this Mwt" by judicial proceedings; and, provided further, dot upon such
<br />default the Mortgages,, or a receiver appointed by a court, may at Its option and without regard to Me adequacy of the
<br />security, enter upon and tab possession of the Pro" and collect the rents, bum and profits therefrom and apply them
<br />flat to Yw; cost of collection and operation of the Property and than upon the indebtedness secured by this Morifieges;
<br />wild rents, Imues and profits being assigned to the Mortgagee as further security for the payment of the Indebtedness
<br />named hereby.
<br />10. Tvanslar of Property. If all or any put of the Property is add 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 />slating that said notes are secured hereby. At no time shall the principal amount of the Indebtednew secured by this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />12. Mhalleneous 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) Tice beading& 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, MortgWe shall discharge this Mortgage and
<br />shall execute and deliver a satisl5actony release therefor.
<br />IN WNNESS WHEREOF, Mortgagor has executed this Mortgage on the 24 day of A11913st 19 B2—
<br />(Lar y W. owle)
<br />(Barbara Fowle) Bonowu
<br />State of Nebraska, Hall —county ss:
<br />On this 24th day of August 19–B2_ before me, the undersigned, a Notary Pubfic�
<br />duly commissioned and qualified for said county, personally came Larry W. Fowle and Barbara
<br />Fowle, Husband and wife 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 their voluntary act and deed.
<br />Witness my hand and notarial seal at Grand Island., NP in said county, the
<br />date aforesaid.
<br />My Commission
<br />kIN meant A� A '7
<br />Nob muc
<br />-(SPwe8Wd"*wTbibs Line Resermd For tmuler a" Recorder)
<br />fl.
<br />Nbc 10" IN 2100
<br />
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