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<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
<br />not taken, and Mortgagee shall a damages a property
<br />hereby r to a Pr such compensation, at its option, either to a reduction of the indebtedness secured
<br />Y pair and restore the property so damaged.
<br />8. Performance by Mortgagee- Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but fails to do, and Mortgagee
<br />rtgageep also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />by the repay, upon demand; any sums so debts expended e by the Mortgagee for the above purposes, and any sums so expended
<br />h 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. 'lime 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 -oncurrentiv, 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, (,Pon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the hday of _ h 9 1,a rrh
<br />1 iii ,
<br />(Ueralyn D Leiser? Borrower•
<br />State of Nebraska, ._
<br />Hail Borrower
<br />- ---- -�- - -- - -- -- County ss:
<br />On this day of -_ Ma r r h
<br />19.x, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, Personally came _____ era 1 D
<br />Q F 3^ )
<br />identical Person(s) whose name(s) are subscribed to the Pore oin — to me known to be the
<br />g g instrument and acknowledged the execution thereof
<br />to be -° her— _ voluntary act and deed.
<br />Witness my hand and notarial seal at.__..�' rand Island, Nebraska
<br />date aforesaid. -- -- _.____.._.- - _-- -1 -- -_ in said county, the
<br />My Commission expires: NMk"MwareuslSeliiey
<br />D*MA AL STARM
<br />ft 11" 418tf - �i� 2n.. - -LL�L
<br />very Public
<br />(Space Below This Line Reserved For Lender and Recorder/
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