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7. Condemnation. In the event the Property, or any part then-of. shall be taken by eatinent domain, the Mortgagee
<br />is empowered to collect and receive compensation which may be paid for any property taken or for damages to property
<br />not token, and Mortgagee shill 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 />b. Padannance by Mortgagee. Mortgagee may, but shall have no obligation, to do.any act which the MortVAM
<br />has agaeed but fails to do, and Mcotgape may also do any act it deems necessary to protect the lien hereof. Mortgogor
<br />agrees to repay, upon demand, any sutra so expended by the Mortgagee for the above purposes, and ray surds so expended
<br />by the Mortgagee shall be added to the :indebtedness secured hereby and become sntbjeet to the lien hereof. Mortgagee
<br />skull not incur any personal liability 'because of anything it may 'doter oath to do bereunilm
<br />9. Default; \sigaragntt 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 shall
<br />be entitled, at its sole option and without notice, to declare all sutras secured by this Mortgage to be immeeiLfftely dire and
<br />payable and may commence foreclosure of this Mortgage by judicial prooredings; and, provided further, that tyro+ such
<br />de&nit the Mortgagee, or a receiver appokated by a court, may at its option and without regard to the adequacy of the
<br />security, eater upon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />first to the cot 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 />1U. Transfer of Property. If all or any part of the Property is sold or transferred without the express written cwn-
<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 forehearance in exercising any right or remedy shall not be a waiver thereof.
<br />lb) All remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<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 />id) All covenants and agreements of the Mortgagor are joint and several.
<br />le) 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 satisfncto��y release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the Qrdday of OctoCser
<br />-- wry J J C , r
<br />J aril f . Hoch Soaower
<br />Hal I
<br />State of Nebraska. County ss:
<br />On this - -fired __.__ day' of ._ �t Cd I 19 �;y, before me, the undersigned, a Notary Public
<br />lair commissioned and qualified for said county, personally came
<br />llar.ry A. Hoch, Jr. and Jane C. Hoch,
<br />Husband and Wife _ _ !_ _. - - -- to me known to he the
<br />identical personas) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />his and ties
<br />to be _�_ _.._ voluntary act and deed.
<br />Witlset,s my hand and notarial seal at . _ Grand Island, Nebraska � in said county, the
<br />date aforesaid .
<br />My commission ex LA/kXJ - - - --
<br />�• Notrry ruLllc
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<br />(ypace pdnw 7'111s Wn® rLeNtrvrd Foe l.ende:r and Fteootder)
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