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<br />7. Condemnation. In the event the Property, or any part thereof, shall be taken b ? 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 repair and restore the property so damaged.
<br />I 8. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but Calls 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 />shalt not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9. Default; 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 commence 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. 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 />execute and deliygr a satisfactory release therefor.
<br />I WHEREOF, Mortgagor has executed this Mortgage on the27th day of February - 1985
<br />�(TfU CO. brPska Partnership
<br />Mrs UY
<br />Fred M. Glade rsonally /Alvin P. A1ms,Personslly . partner earrWtner
<br />State of Nebraska, _ Hal 1 __._--_— _County ss:
<br />On this 27 —day of —__ Feb- 19 , before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came
<br />to me known to be 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 hand and notarial seal at ._.._____.s_._. Grand Island said county, the
<br />date
<br />aforessid,
<br />My Commission expires:
<br />........_.._..- .._....._,.._..> �._.___._ ......__...___...n._._..�...®�® Notary 1'ub110
<br />WATE OF )
<br />--- •----- f- �2 � «--- _-- •- ----.. ] �� -- -•. (Space Below This [Ana Rmned For Lender and
<br />OOLWrY V nocorder) _.._... ._.._�.._....._.._,...._...._-_
<br />i ILAI , )
<br />On this 27th day of February, 1985, twforc me, the undersigned a NoLV 11
<br />Public duly ca nissioned and qualified for said county, ix t �cauti i� cam-, 4 a;
<br />to me known to be the? idt>ntical per4on whose nau»e fts : ulssiet bod to the: foreguilig instril --
<br />rra nt and ackncmlcxlgugi the ext- mut.i.on thereof to tK? his voluntary act and d"A.
<br />Witness my hand and notarial, seal at Grand baaand in tiaaid e,O_sunty, thin dtite
<br />aforesaid.
<br />wlxwnnaal- ««..rtrr�rra .____ LLL�','�'..' ,�' l-�'��•� �,
<br />MMYC. Notary fiiibl is ._ .__...__.
<br />or tlrrlwt ft NOV 2% to
<br />NW, 1066 [Nay 303 4Kit °. j
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