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<br />7. Sian. In the event the Property, or any part thereof, shall betaken by eminent domain, the Mortgagee
<br />kenspow" to collect and receeive all compensation which maybe paid for any property taken or for damages to property
<br />not taken, and MortgWe shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair aad restore the property so damaged.:
<br />8 iFlarf4mance by Mortgagee. Mor4w may, but shall have no obligation, to do any act which the Mortgagor
<br />has aptod; but fads to do, mad Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />arm to repay, upon, demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by:the M wtgagee shad 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. Default; Assignment of Rants. 71me is of the essence hereof, and upon Mortgagor's default in any covenant
<br />orateeement of this Mortpge, including covenants to pay when due the sutras secured by this Mortgage, the Mortgagee shad
<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. 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 - 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 />(d) All covenants and a4;-eements of the Mortgagor are joint and several.
<br />tel The headings of the paragraphs of this Mortgage are for convenience only and shalt not be used to inter-
<br />pret or define the provisions hereof.
<br />13. Release. Upon payment of all sum% 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 14t,hday of _Apr i 1 19 &b.
<br />(Robert M. Brow d) Bo:rover i
<br />� Mar M. _Br_6W_1Tf Borrower 1
<br />Hall }
<br />State of Nebraska, __County ss: \
<br />On this 14th day of,.__ April 19 86 ,before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came Robert M .
<br />town and Mary M.
<br />Brown to me known to be the 1 -
<br />identical personts) 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_ _Nebraska --in said county, the
<br />date aforesaid.
<br />My Commission expires:
<br />WW MARPOLL JR. � Notaq' Public � 4�
<br />8*W WTMY SEAL
<br />eesafaa :tie_. _ _ - _ j�- - - -• - -- (Spree Reiow 'this Lfnc Res*nrd For Lender and Recorder)
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