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<br />7. Condemnation. In the event the Property, or any part thereof, shall he 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 repair and restore the property so damaged.
<br />B. Performance by Mortgagoil, Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but fails 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, Default; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage, irealuding 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 />Dyable 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 />I to tae cast 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 .hall 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 forebe•arance in exercising any right or remedy shall not he a waiver thereof.
<br />(b) All remedies provided herein are distinct and cumulative to ant other right afforded by law or equity,
<br />and may he exercised ^oneurrently, independently or successively.
<br />(e) 'Me covenants and agn,ements contained herein shall hind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(dl 411 covenants and agreements of the Mortgagor are joint and several-
<br />(e) The headings ear' .o,- paragraphs of this Mortgage are for convenience only and shall not lye used to inter-
<br />pret or define the provisions hereof
<br />13. Release. Upon payment of all suns secured by this Mortgage. Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfacto,y release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 2 -6th day of __March
<br />— 19 �' S
<br />Bernard 1' Bockerman
<br />Arlene Bockerman x Hurt, „df.
<br />State of Nebraska. Adams.
<br />or, this 26th,_ _ (jail of March____ _
<br />('Doily ss:
<br />19 85 . h0fure rne. the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally ramp __ Bernard_ 1-.._ilnd- Arlene _ aackAt man.
<br />andi wife._
<br />identical peneon(s) whose names) are subscr'lara�d to the foregoutg lnslrumenl and acknowiedgedrthit eknowiaalso Joe he
<br />to be their voluntary act and deed.
<br />Witness trip hand and nritdarial seal at Hastings, N#A)ra,,kd
<br />to aforesa)d . n s utt county. Mee
<br />My Comntissraon expires:
<br />I 111111FAMM tintere d'utrlaf ..
<br />VAC M111 this Lon,, n,--i Fie t,and. r ron�! kf......Mn
<br />14 1 7,
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