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7 Condemnation., In the event the Property, orany paint thereof, shall be taken by eminent domain,the Mortgagee
<br />a Mullin wridtoonliectandreceive all compensation which maybe paid forany property taken or for damages to Property
<br />nottaliem, and AloeFgagee',shall ipply such `eoinpensat)oir, at' its option; aitfier lo 'a reduction of the indebtedness secured
<br />gar "w"O to' rt)pair and restore the property. to tlamated.
<br />& ?wfarasanoa by litortppe :Mortgagee mayr "but shall he" no obligation, to do =tiny act which the Mortgallor
<br />*s boa apasd Mit taiM'to do, and'Mortayse may aho do any act iC deems necessary to protN t the lien hereoL „r(oetgagor
<br />s�Mees to tipa9r upoa demand; any sums so expended by the Mortgagee for the above purposes, ,and any sums so expended
<br />by I"I” Dloetpgea shall be added to Ole Indebtedness secured hersby and become subject to the lien hereof. Mortgage
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<br />any liability bediuse of "agythin� it may do or omit to do hereunder.
<br />9.,Detwlt; AstignmeeEaf.Reats. `Time it of the essence hereof, and upon Mortgagor's default inany,covensm
<br />oraReement of this Mortgage; including covenants to pay when due the sums secured by this Mortgage, the Mortgagee "I
<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 suck
<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 />tlrst` 6 the cost of collection and operation of the Property and then upon the indebtedness secured_ by this Mortgagee;
<br />sold 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 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 satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mor age on the _-.L day of 19 _Bf..
<br />Wedg } , Inc.
<br />By: --
<br />(Jani f s
<br />Thayer, Preident) / Ro:roWt[
<br />Borrower
<br />U
<br />State of Nebraska. ----- -Iia11 - -- _ -- - - -_ -- — County ss:
<br />On this 16 day of _. September 198fL—, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came Janice Thayer, President Of
<br />Wes, Inc., a Nebraska t o ration - __ , to me known to be the
<br />identical person(s) whose namets) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be her ___ voluntary act and deed.
<br />Witness my hand and notarial seal at _.__ Grand Island, NE _ __ - -in said county, the
<br />date aforesaid.
<br />My Commission expires:
<br />t��xaMdmrIM1M NoIarYPuWfa
<br />� ax IM dais. fsp am 10, J
<br />— — -- - - -- (Spare. Relaw 'ebb Una Reserved For lender and Recorder! - -- -- ----- -- --- -•-- -----�
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