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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 damages to property
<br />not taken, and Mortgagee shalt apply such compensation, at its option, either to a reduction of the indebtedness se
<br />r hereby or to repair and restore the property so damaged. cured
<br />S. 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 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, 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
<br />security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and a of the
<br />first to the cost of collection and operation of the Pro apply them
<br />add rents, issues and profits being assigned to the Mortgagee nas then
<br />pa secured 6y e i Mortgagee;
<br />secured hereby. Y payment of the indebtedness
<br />10. Transfer of Property. If all or any part of the Property is soid 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. Reease. Upon 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 Is day of Ar)r i 1 19_85
<br />(R(Yjc -r Hell eg
<br />Bo�roweu
<br />"")nay A., Hel.lwege) Borrow"
<br />State of Nebraska, —1a1 1___ County ss:
<br />On this 1st day of --- L ; i 19Ei;i_, before me, the undersigned, a Notary tary Public ,
<br />duly commissioned and qualified for said county, personally came —_knq , r G, lip-13wuge anc,
<br />Judy
<br />to me known to identical Person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution threat
<br />to be --the rr voluntary act and deed.
<br />Witness my hand and notarial seal at Grand Island, N13
<br />date aforesaid. aartauaeraar- siele.la.Mnls — in said county. the \;\
<br />THERESA M.STARKEY
<br />My Commission expires: Casale. Exp. Mirth 8,1981 1\
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