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5. Mortgagee may, but shall'have no obligation, to do
<br />(' any act which the Mortgagor has agreed but fails to do, and
<br />j Mortgagee mav+ -al -'do .any act .it deems necessary to protect
<br />thl -1 r>�dhereof . Mortgagor agrees bc_ repay;, ;%soons. deinatecl; aay..
<br />sums so expanded byi the- >,Atartgaalee,.Sbr-.th nAhWbve pmnrptise1L# -'
<br />any sums so expended by the Mortgagee shall be added.to the
<br />indebtedness secured hereby and become subject to the lien
<br />hereof G Mortgagee' shall -not i ntur any - personal l i abi l i lty
<br />becauav l of, anyth.i ng � i t may, do or +omit to . do � bereui+ DPU ? . `)-'
<br />ls. 'Time is "the. essence hereof, and upon. Mortgagor's
<br />default. .div anyi ctwanant or agreement of this Mortgage,
<br />including covenants to pay when due the,sums secured,.�by this
<br />Mortgage,'-the i•iortgageel shall be entitled} at. its sole option•
<br />and without-notice * to ;decl,are -all sums secured by this
<br />Mortgagerto be immediately due and payable and may commence.
<br />foreclosure of this Mortgage by judicial proceedings.; and,
<br />provided further, that upon such default the Mortgagee,.or a
<br />receiver appointed by a court, may at itsioption and without
<br />regard to the adequacy of the security, enter upon and take
<br />possessitm!=of-' t6oul f'operty- end cojlect� that rents, ids, and
<br />proi"dts+ there+rab aniia'appl V them• first, to the; ct ist eof •
<br />eollect'17esn alit- 'bperation of .the Property acid then,upom,.the
<br />indebtedness'' sbcutsld.by~ this: tlortga9e3 sai-d rents, issues- and
<br />per -pFiA* being- assigne& ta, thw Mortgagee -'ass further: serurity,
<br />far °1ttfWkPayl8nt 1 of othe9•indebtedness, secured- hermby*.
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<br />7 � 5 !s al V acs: any part. of- the. property, i$ sat d or
<br />transferred Without-: then - express Written consent -of_ the . .
<br />Mortgagee.- ilorttlagew n&V &t sole: optian,.>'decl.ara. all sums: secured+ -" :this'..Montgag4b td be-- immediatrly_� dust and. payable._-_
<br />,i• : ®gy.. ,Any t4#orebearanaf inn: exercising any right or remedy-. '
<br />shal.ln natri'be a.:; aatver- thereof.
<br />9. All remedies provided herein are distinct and_
<br />curM&aitiiva; tm'ariyittt'heir Wight.. afforded by IaH.�ar: equity, and
<br />may be eyertci -sedi concuerent'iy, independmitl.y tDr-:,MWcesssively.'
<br />. . - . i
<br />10. The covenants and agreements contained herein shall
<br />bind, and ale r.ights'inure,to, the respective successors and
<br />assigns of the Mortgagor and the Mortgagee..,
<br />f1.143'1�4COvenantiv,aMi 4greewents of the Hbrtgagor and` .r
<br />the 'flortg "ea are joint, land several .+ �
<br />12. Upon` payment of all sums secured by this Mortgage,
<br />Mortgagee sholl'discharge• this Mortgage and shall execute and,
<br />deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage
<br />on the ?Z�day of February, 1983.
<br />STATE OF NEBRASKA, HALL County es:
<br />The foregoing instrument was acknowledged before me this
<br />February :;;21,2_9 1983 by Karon K. dt. ,
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