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i 7. Coadonwtion. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee is empowered to collect and receive all compensation which may be paid for any property taken or for damages to property not ;tih n, and Mortgagee aball apply such compensation, at its option, either to a reduction of the indebtedness secured hereby or to repair amd restore the proPoty so damaged. & TatfwetNet by Mortpw. Mortgagee may, but shall have no obligation, to do any ad which the Mortgagor has agreed but tads to do, sad'Morrtgapgeee may alto do say act it doom necessary to protect the lien hereof. Mortgagor Wave to vepay, upon'domamd, any mn - expended by the Mortgagee for the above pwpoms, and arty sums so expended W` the Mortgyae shag be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee AM riot any personae liab0ity because of anything it may do or unit to do hereunder. 9. Dataait; Ataaipinmat at Rents Time is of the essence hereof, and upon Mortgagor's default in any covenant orsporeaeatoftbia 1Nortgoge, including covenants to pray when due the sums secured by this Mortgage, the Mortgagee shall be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage to be immediately due and payable said may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such defonit the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the security, enter upon and take possession of the ProPerty and collect the rents; issues and profits therefrom and apply them flat to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee; said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness secured hereby. 10. Treader of Property. If all or any part of the Property is sold or transferred without the express written con- sent of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due and payable. 11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note. 12. Miscellaneous; Provisions. (a) Any forebearance in exercising any right or remedy shall not be a waiver thereof. (b) All remedies provided herein are distinct and cumulative to any other right afforded by law or equity, and may be exercised concurrently, independently or successively. (c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective successors and assigns of the Mortgagor and the Mortgagee. (d) All covenants and agreements of the Mortgagor are joint and several. (e) The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter- pret or define the provisions hereof. 13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and shall execute and deliver a satisfactory release therefor. IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 12thday of March ,19Ifi _. James W. Koehn) so.rowev f . (V nia L. Koehn) BOSOwer Slate of Nebraska, Hall County ss: on this 12th _ day of March 19 _ M_ before me, the undersigned, a Notary Public duly commissioned and qualified for said county, personally came James W_ Koehn and Virginia 1__ nki to me known to be the identical person(s) whose names) are subscribed to the foregoing instrument and acknowledged the execution thereof to be their voluntary act and deed. �itWitneas my hand and notarial seal at Grand l gland . Nebraska in said county, the date y : II..MttMSAttr- Mnaaf«a...l. ;7 q r ° j, My Commission expires: 7HERM hL STARM l S CA ilsrta 611,.SalaM 4. VW o r P'"c •�? n-�, c.O� .Q�` ■+ �� , (Space Below This Leese Rearmed For Lender Pad Recorder) Cy i W � Nile:: 19" LND3n8 4.100