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<br />7. "lrogdemnalioa In the event the Property, or any part thereof, shall betaken by eminent domain, the Mortgagee
<br />i empowered to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />at taken, amd 1Pgortgagee shah; apply ands canpetwtiay at its option, either to a reduction of the indebtedness secured
<br />ereby or to repair and restore the property so damaged
<br />by Moetp pe• ,
<br />8: rarfarrnaace Mortgagee may, but shall have no obligation, to do any ict which the Mortgagor
<br />as agreed but fail to do, and ddortgagie may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />to may. upon desasv►d, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />y the Mortgagee wwball -tie added lo,the Indebtedness secured hereby and become subject to the Dien hereof. Mortgagee
<br />W not ineer any peradnal liatillity because of anything it may do or omit to do hereunder.
<br />9: Defarrit; Aiiil e t of Rents Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />ragreement of daNtio4W, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />e'entided, at its sole; option an d41thout'notice, to declare all sums secured by this Mortgage.to be immediately due sad
<br />' forecl f this Mo rowxdin d " vided forth t thatu su�3r
<br />payable and may commence oe— o rtgage by, lu wcr p gs, an , pro e , poo
<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 ri.ats, 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 I hereby..
<br />10. Trwuuder 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 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) 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 satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 6th day of June '19-59-
<br />Preston S. fiesselge er Borrower-
<br />_Victoria
<br />A. Hesselgesser S Borrower
<br />State of Nebraska, Hall County ss:
<br />On this 6th day of June 19 86 , before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came Preston S. Hesselgesser and
<br />Victoria A. Hesselgesser, 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 his and her 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 />Notuy Pubnc
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