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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 maybe 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 />B. 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 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 foretmarance in exorcising any right or remedy shall not be a waiver thereof.
<br />(b) All remedies provided hereto are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised lonctirrentiv, independently or successively.
<br />(c) 'Me covenants and agreements contained heroin 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 ere joint and several.
<br />(e) The headinps 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. Reiease. Upon payment of all sums secured by the, Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactmy release therefor.
<br />IN wri -NESS WHEREOF, Mortgagor has executed this Mortgage an the _. day of _ "9 - ._- - -__- 19 _aL.
<br />Bo.rower,
<br />M f
<br />f w.in da M. Knu1'11 i - -' sonower
<br />State of Nebraska, U'Ui __ _ _ __ _ _ _ _ _ County ss:
<br />On 06__ !�.Lt. ..... _ - day of _ ..._. «i;. -. _. 19 3�_. , before me, the undersigned, a Notary Public
<br />duty commissioned and quithfied for said county, personally came .- r;ni K ur h , 1!1(:!
<br />w rrrr9 r M Knuth to me known to be the ^-
<br />identical person(s) whine nainets) are subscribed to the foregoing Instrument and acknowledged the execution thereof
<br />r he' r �
<br />to he . _ _._. voltndtary act and deed.
<br />Wttatr my hand and nataria! seal at lrotri f.'n'sa)d'county, the
<br />date afe id . f
<br />MyCem expires;
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