|
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 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 />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 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 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 ant, profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured i.ereby.
<br />10. Transfer of Property, If all or any part of the Property
<br />and payable. is sold or transferred without the express written con-
<br />sent of the Mortgagee, MMortgagee may at its sole option, declare al{ sums secured by this Mortgage to be immediately due
<br />11. Future Advances. k'pon request. of Mortgagor. Mortgagee may make additional and future advances to
<br />en evidenced by promissory notes
<br />Mortgagor. Such adeances, with interest thereon. shall be secure-,! by this Mortgage when
<br />stating that said notes are secured hervby.:xt 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 forebearanc•e its cxcrcising anl, right or remedy shall not be a waiver thereof.
<br />(b) All remedies provided herein art distinct and cumulative to any other right afforded by law or equity,
<br />and tnay ht• c,xe•rc °ia d oncurrentl} 3ndependentl} or successively.
<br />(cI The eovenanwt and agree=,7tent.� contained herein shall bind, and the rights inure to, the respective
<br />successors and assign., of the Mortgagor and the Mortgagee.
<br />((I) All rovetlartts and agreements of the Mortgagor are joint and several.
<br />(e) 'i'he heading• of ttie paragraph,, cif Ihi, Mortgage• are for convenience only and shall not be used to inter-
<br />pret or define 1114, provisioris hereof.
<br />13. Release. Upon paynu itt of, at) surtts %crured by this 'Mortgage. Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfacto,c release therefor.
<br />IN WITNESS «NN:ItE:O1�. Mortgagor ltas executed this '.Mortgage on the. -23_ day of 19 Ai
<br />(reerick W. p- - --
<br />80.rowerr-
<br />(Patricia K. llotz) ^� - -- — - Borrower
<br />State of Nebraska, fla 11
<br />_ __ _ _County ss:
<br />On this . _2 3 i; d._ .. d;ty of _ A 1 1,
<br />191.5.___, before me, the undersigned, a Notary Public
<br />duly rornmissioned and e)ualifie d for said county, personally came FrE'C E'.T -ck_. W..._._liOt.z awt?d
<br />P�3tricia K. Elotz _
<br />to me known to be the
<br />identical prraon(s) whose etarnc(s) are auhx•ribed Lo l.he foregoing instrument and acknrlwle'd ed the execution thereof
<br />�
<br />g c
<br />to M' t _ voluntary art and decd.
<br />Witness my hand and notarial seal at
<br />(ardllC� I :aa.ilIlC�, _ NE ' t
<br />date aforesaid. _ in acid county, the
<br />My Commission expires: ,\ \
<br />MUM MEW tiottev Puhllc
<br />MI: �
<br />M► ONK Etta Orllt 10,1 6
<br />... .. ... i`�pnt'a• nt•I. L 'shim I:irr Bletie'r�a1 r..r 1,•rltt r,•P AP16t to !•eI>Plt1:•P)
<br />9
<br />C.
<br />F
<br />� per, 3
<br />!r ♦
<br />C 7 3
<br />�i
<br />o
<br />it `
<br />
|