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1 <br />7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee <br />is empowered to collect and receive all compensation which may be paid for any property taken or for damages to property <br />not taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured <br />hereby or to rent it and restore the property so damaged. <br />S. Performatim by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor <br />has agreed but ilk to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor <br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended <br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee <br />shall not incur any personal liability because of anything it may do or omit to do hereunder. <br />9. t; Assignment of Rents. Time is of.the essence hereof, and upon Mortgagor's default in any covenant <br />or agreement of this Mortgage, including covenants to pay when due the sums secured by. this Mortgage, the Mortgagee shall <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 cominence, foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such <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 />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 hereby. <br />10. Tnader of Property. If all or any part of the Property is sold or transferred without the express written con - <br />seat 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 ".his Mortgage when evidenced by promissory notes <br />stating that said not-s am secured hereby. At no time shall the principal amount of the indebtedness secured by this <br />not including sums advanced to protect the security of this Mortgage, exceed the original Note. <br />12. Wsceltaneous 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) Ali 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 satisfactmy release therefor. <br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 26 day of _ .tan 191?. <br />eg1;a Majpm <br />Stis,tn A. Malcom wE= <br />State of Nebraska, Hall. -_------County ss: <br />On this day of January_ -_ �_... 19 _85— before me, the undersigned, a Notary Public <br />duty commissioned and qurdifted for said county, personally came _ Red i na�I C A. 11alc.tan and Sus<atl A. 4 <br />alt !1 stand and @Vine_._.._.._ .a..� __. _. to me known to to the <br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof <br />to be voluntary act and deed. <br />Witness my hard and notarial seal at said county, the <br />date aforesaid. <br />My Commission a <br />MARY Q GERM <br />Notary Public <br />t <br />