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7. Cond
<br />any pen thereof, shall be taken by eminent domain, the Mortgagee
<br />et may be paid for any property taken or for damages to property
<br />""1", s `. Wlsslww� ..r.►:.�.r .,� wssspwwww►, at its option, either to* reduction or the indebtedness secured
<br />hereby Otto repair and restore the property so damaged.
<br />$ Pssfocmauee by lY[ortpre may, but, shall have no obligation, to do any act which the Mortpgw
<br />i►M ageae°tint faik,to do, and,,Mortgll�ee,may abo do any act it deeras necessary to protect the tram hereof. Mortgagor
<br />ageees
<br />to,, epay, upoo,denna+d, any, sums so ceded by t31e" Mortgagee for the above purposes, and any same so expended
<br />bdr the,lrfoifpfee shall be added to the indebtedness secured hereby and become subject to the lien beroof. Mortppee
<br />sheii not incur any peucnai liability because of anything it may do or omit to do hereunder.
<br />!. Defauk; Assignsnent of Rams, Time is of the essence bweof, and upon Mort Wes'default io any covenant
<br />orsemement of this Mtirtgege, including covenants to pay when due the sums secured by this image, the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare all sum secured by this Mortgage to be immediately dae and
<br />peyabie and may commence foredowre of this Mortgage by judicial proceedings; area, provided :further," that upon such
<br />defalt.the Mortgagee; or areceim appointed by a court, may at its option and without regard to the adequacy, of the
<br />security, eater upon and take possession of the Property and collect the ants, issues and profits therefrom and apply, them
<br />tint 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. fixture 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 forebeamee 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 Mortgage on the 6th day of October 19 86
<br />\ , "
<br />David J. w therilt nn:tower-
<br />Susan L. Wetherilt Borrower �O
<br />S
<br />State of Nebraska, HALL County ss:
<br />On this 6th day of October _ 19 � before me, the undersigned, a Notary Public �
<br />duly commissioned and qualified for said county, personally came David J. Wetherilt and @j
<br />Susan L. Wetherilt , to me known to be the N�
<br />identical persons) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof N'
<br />to be their
<br />voluntary act and deed. J ,
<br />Witness my bald and notarial seal at Grand Island, Nebraska in said county, tha�lN�
<br />date aforesaid.
<br />My Commiaion ex_a�d�yrMyr�"� --t._
<br />Notary Public
<br />.Z (enlace allow This Line Reserved For Lender and Recorder)
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<br />NOC 1066 INO a0a 2111W n
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