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cos ssagoal In the mat Cho Property, orany part thereof, shall be taken by eminent domain, the Mortgagee
<br />red to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />amp shall apply anch' eompemwbion, at its option, either to a reduction of the indebtedness secured
<br />to �repafr and=restore`the property 26 damaged
<br />i?etformnanea by MaRia/ae• Mortpre, may, but shall have no obligation, to do any act which the Mortgagor
<br />but talk fordo, and Mortgagee
<br />may also do any act It deems necessary to protect the lien hereof. Mortgagor
<br />spay, upon dim' and, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />AP00` shall be added to the indebtedness secured hereby and become sub*t to the Gen hereof. Mortgagee
<br />cur any, era'" liability because of anything it may do or omit to do hereunder.
<br />Default; Assignment of Rents. Time Is of the essence hereof, and, u
<br />at of this Mortgage, includin covenants to secured Mortgagor's default in any covenant
<br />g .pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />, at its sole option and without,notice, to declare all sums secured by this Mortgage to be immediately due and
<br />d may commence foreclosure of this Mortgage by judicial procei- dings; and, provided further, that upon such
<br />Mortgagee, or a receiver appointed by a court, may at its option and without regard- to the adequacy- of the
<br />Iter upon and take poesession of the Property and collect the rents, issues and profits therefrom and apply them
<br />cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />10. Transfer of Property. It 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, Mort gagee 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 6 Jh day of January 19 86
<br />(Herbert V. Roese ) Bo.ro.er-
<br />(Emelie Roeser) Borro..er
<br />State of Nebraska, ra a I 1 County ss:
<br />6th January 86
<br />On rare day of 19_, before me, the undersigned, a Notary Public,
<br />duly commissioned and qualified for said county, personally came Harhor r Rna co r a nd Rmp I ; A
<br />Ropsor, H r band 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 their — voluntary act and deed.
<br />Witness my hand and notarial seal at Grand T sl- ilebr 5' a in said county, the v
<br />date aforesaid.
<br />My Commission expires. $10ANamaar - Slat e W ssWaste
<br />JON R t.IJEBS 7� �
<br />aM. 4p,1w 1J, ilgli Notarr Public \
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<br />NBC. 1066 IND 303 *1181)
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