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?. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />not taken, and Mortgagee shalt 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 />8, Terformanee by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but Gills to do, and Mortgagee may also do any act it deems nectr sary to protect the lien hereof. Mortgagor
<br />sVem W'repity, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the AMorWagiie shall be added to the indebtedness secured hereby and become subject to the lien hereof_ Mortgagee
<br />shall not incur any peruma) liability because of anything it may do or omit to do hereunder
<br />9. DefattH; Assignment of Rents. 75me is of the essenox hereof, and upon Mortgagor's default in any covenant
<br />or agrOtment 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 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 surns advanced to protect the security of this Mortgage, exceed the original Note.
<br />12. Miscellaneous Provisions.
<br />(a) Any (rrebearance 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 />fe) 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 parnRraphs of thk Alnrtoape are anrt chat! n-t 1 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 />shat( execute and deliver a satisfacto.), release therefor.
<br />IN wrrNESS WHEREOF, Mortgagor has executed this Mortgage on the- 30t1ky. of - May-- 19$6
<br />Nebraska Mil -Nis, Inc.
<br />d/b/4 Midtown Holiday Znn
<br />t p _
<br />Bn: rower•
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<br />Bonn—
<br />State of Nebraska, H a 11
<br />-- - -- - -- -_ _ - -- - -- - -- _County ss:
<br />On
<br />this- 30th day of ____ - -- May___ -- __ -- 1986. , before me, the undersigned, a Notary Public
<br />d con tone d uelifiedf rsaidc u v tsorl came _Larry E. Huwaldt, President of
<br />ui d all - -- - - --
<br />I3�bras�ca Mi�- `�lic, Inc. �%bJ�` Mid�.own
<br />- Rol - 3- ddtjr- A1L - - - -- -_____ _ -- - ------------- -- ---- --- - - -- - -- _. -.__. 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 />be his
<br />to '
<br />_ voluntary act and deed.
<br />Witness my hand and notarial seat at _Grand Island, Nebraska
<br />date aforesaid. - - - - -- - In said county, the
<br />�faAl rRap -titan r Mssrsls y�. _ � ` A
<br />My Commission expires: F.m
<br />a wi hale JJ, Notary rubric
<br />I' ` "............__.__ I;Spacr Rrlow This line Rttxr. -etl Y'or Lender ant! nrroMrr{
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