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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 may be paid far 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 "I have . no obligation, to do any act which the Mortgagor
<br />has agreed but falls to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof.. Mortgagor
<br />11111111105, to repay, upon demand, any surns 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. Mortillape
<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 Mortgegors deftult in any covenant
<br />Of agreement of this Mortgage, including covenants to pay when due the gums secured by this Mod", the Modpge@ 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 />MU 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 Mod" 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 :,,oncurrendy, 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. 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 WIT , 8 Wil h;0 Mortgagor h S executed this Mortgage on the,.26th
<br />day of _April
<br />e e thier-F': Pet
<br />Lav te � ,
<br />rs
<br />e � �-;
<br />—e e" o
<br />s ruste e Ea,vorine R. Peters Trust dat�3'tviemert.,r.�1a81
<br />STATE OF NEBRASKA, COUNTY OF BuZfa,1_0_ ► as:
<br />The foregoing instirumont was acknowledged before me this,2-§Ih— (18Y Of ------ AD" 1.
<br />Luther F. T by
<br />Ali,.. Peters, Trustee
<br />ski
<br />A "0111081c, A
<br />MY Commission expires ;C
<br />NOTARY K)SLIC
<br />STATE OF NEBRASKA, COUNTY OF
<br />The foregoing instrument was acknowledged before Me this day of
<br />of
<br />... ....... Corporation, on behalf ut the Corporation
<br />7"i MY Commission expires
<br />ond Recorder)
<br />C)
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