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7. Condemnation. in the event the Property, or any part thereof, shall betaken by eminent domain, the Mortgagee
<br />is empowered to elect and receive all compensation which may be paid for any property taken or for damages to property
<br />Dot taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby of to repair and restore the property so damaged.
<br />& Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has weed but falls to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />macs$ to repay, upon demand, any sutras so expended by the Mortgagee for the above purposes, and any suns so expended
<br />by tat Mortgagee null 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 />S. Default; Assignment of Rents. lime 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 mall
<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 coalMOBCO foreclosure of this Mort" by judicial proceedings; and, provided further, that upon such
<br />dtfiuit 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 />alert to the cart of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said ranks, Won 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 ail or any part of the Property is sold or transferred without the express written con -
<br />aeat 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 altar 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 />is) Any forebearanee 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 />fel TTIe 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. R . Upon payment of all sums secured by this Mortgage. Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfacto,y release therefor"
<br />s? r,
<br />IN W!T"VERS WHF.RE()F, Mortgagor has executed this N.ortgage solo the �__. day off rt.��},�9 �.
<br />Pifer J
<br />en... ? Borrower Nebraska,
<br />County of
<br />On this day of ._._F £'_h 3° ? Z'y_._...._ . _ _, 19 . _, tw fore mN, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally cans• ...... ,
<br />B rb ars tG ? - to me known to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />-het r
<br />to be ----- _ ___....__.__.._..._.____... voluntsry act and deed.
<br />Wlit my hand and notarial seal at __ . F r i ncj i a , , t ° r , : is -,a _ _
<br />date aforesaid . .-
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