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<br />7. Condemnation. In the event the Property, or any part thereof, shall betaken 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, iipon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgagee shall t-.-e added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shall not ilicu r any persotial 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 />oragreement 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 'nay commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />default the Mortgagee, or a refeiver appointed by a court, may at its option and without regard to the adequacy of the
<br />security, enter upon and take possession -)f 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 t ,
<br />secured hereby. b Mortgagee a-, further security for the payment of the indebtedness
<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 it s sole option, declare al! sums secured by this Mortgage to be immediately due
<br />and payable.
<br />IL 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 Mortgage when evidenced by promissory notes
<br />stating that said notes are secured livri,by. 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 anN right or rerrierl%, 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 -oncurrently, independently- or surcessivel'V.
<br />(c) I'lle covenants and agreements contained herein shall hind. and the rights inure to, the respective
<br />succes,%ors- and assigns c,4'ihv 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 comemence oniv and shall not be used to inter-
<br />pret or df,fint, 1he pro,.isions hereof.
<br />13. Release. rpoij ptN1n(,nt of all stunts ",cured hi this Mortizage.
<br />Morigagee shall discharge this Mortgage and
<br />shall execute and deliver a",liSfaclo-A rvie,im, therefor
<br />IN WITNESS WHE11U.'(W. Mortgagor hX, (AV"Uted thi,, Mortgage on, ttic i'r,J)dav of
<br />Boi.rtiwer-
<br />State
<br />of Nebraska,
<br />On this, clay of
<br />)of 1-fort, me, the undersigned. a Notary i-lublic
<br />duly vorr.mim.ont,d apd (111alified for said c-ninty, pi-rsonally cane V C C 1) WO 1) d
<br />0
<br />ti
<br />to me known to be the
<br />identical pt•rsf)ril4i whose 'IdITOTs) are sithscribi'd to the foregoing instrunwn( and acknowledged the execution thereof
<br />to b, - --j- ho r voluF'UrY act and deed.
<br />Witness racy hand and 11(itij1-j;Al seat at VA TPJ a id county, the
<br />date aforcimd. in said
<br />My Commu" I ion vxpiws�
<br />411111111ft mom - &ISO* W Ptil)JIr
<br />XW IF. LUEBS
<br />11, 106 "o.", Rod—, 1,111. 1
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