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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 maybe 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 />0, Performance by Mortgagee. Mortgagee tray, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but faits to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sutras so expended
<br />by the Mortgage 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 />RDe`ault; Assignment mo of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />rtg p ^ -. tai. ^.g covenants to pay when due ti+e �umc wured by this Mortgage, the Mortgagee sht 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 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. %nsfer 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 />1I. 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 />Ib) All remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised :!oncurrently, independently or successiveiv.
<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 />lei 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. R . 1'ptan payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactoi }' release therefor.
<br />IN WITNESS WIIFREOF. Mortgagor has executed this Mortgage on the-74_ day of � -�1�� t� 19 d>
<br />v
<br />IRebert
<br />State of Nebraska. ._ _ _ .. - : i a l '.
<br />pp �aY�h)
<br />u 1 I, e M Sd Ph } 1 -- Burrower
<br />_ County ss:
<br />t' 1 this ..._ ?"$ ____ clay of _.,. !l! ? r _..._ -__ - -- 19 F3 _i.._ , before rue, the undersigned. a Notary Public
<br />duty commissioned and qualified for sand county, personally came - .__._. a nb rt C'c.aan 1a. Jaactt. t V
<br />p. 3
<br />W1 . 1 a vl a1 � { "i ;� ra a e. 11 t r, t
<br />- -. _.. to me known to be the
<br />identical persontsp whose meets) are subwnbed bra the foregoing instrument and acknowled d the execution theretof
<br />to be ....ta..- voluntary act and dared.
<br />Wit - M my hand and notaaiai seal at in said ;Y, the
<br />-__._ 4d. due
<br />_R wd R _...
<br />aforesaid count
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