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<br />wt tbeveort shaN be taken by eminent domain, the Mortgagee
<br />iy be paid for any property taken or for damages to proper"
<br />its -optlort,';either to a reduction of the indebtedness secured
<br />dull ban no obligation, to downy act wbieh the Mortomor
<br />iitr -06'moff "on, dull. &dded� to ft'h:d0bkdness; secured .hereby and become subject to the lien hereof. Mortgagee
<br />41a shall:
<br />snot incturny-paso1w, ty, bicss,
<br />of iigtinnE Itritsy do or malt to do hereunder.
<br />!- i)efault '4adgmamt of ReatiL Time is of the essence he-of, and upon
<br />MOrtfigoes default in any coverusat
<br />or ap"mmtotthis mortgage, ineu&n'covenants to pay, when due the sums secuied by this Mortgage, the Mortgages shall
<br />be eotitkd, at its sole
<br />Op
<br />WmaW, witbimt notice, to declare all sums secured by this Mortgage
<br />to be immediately due and
<br />payable and may commenee, foreclosure of thin Mortgage by, judicial proceedings; and, provided further, that upon such
<br />d6bult the Mortgagee, or a receiver appointed by a court may at its option and without regard to the adequacy of the
<br />setatrity, enter upon take possessio6w the ,Property,';;,d collect the rents, issues and profits therefrom and apply,tbern
<br />Got `to the cost of collection and operation of the Property and then upon the indebtedness secured by " Mortgagee;
<br />said reimts; issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby,
<br />10. Tjsusfer 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. FVtm Advance. 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 a satisfacto:y release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this M�tgage on the 10th day of 1, int, ig 8_.
<br />(lKich.rd Martinbz) Boavwer-
<br />hJ
<br />(Jelinife L. Martinez) -_ Borrower
<br />State of Nebraska, ball _.__`County ss:
<br />On this 10th —day of Jung 19-8( —, before me, the undersigned, a Notary Public �,
<br />J
<br />duly commissioned and qualified for said county, personally c2me.._ Richard and Jennifer L. Martinez
<br />to me known to be the 1W J\
<br />Identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof X
<br />to be their voluntary act and deed.
<br />Witness my hand and notarial seal at— Grand Island, Nphrayka
<br />in said county, the
<br />date aforesaid.
<br />4
<br />My Commission expires: 4A
<br />THMM lit STARKEY
<br />(SPew below Tkis Lim Reverved For Leader mw Recorder)
<br />.W.
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