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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 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 />S. 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 />sW not Incur any personal liability because of anything it may do or omit to d;:; : =. sunder.
<br />g. Default; Assignment of Rents. 'nine 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 iurther, 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 salon 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 he 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 t he security of this Mortgage, exceed the original Note.
<br />13. Miscellime4ms Provisions.
<br />(at any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />lbt all remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may two exerciwd roncurrentty, independently or successively.
<br />(ci The covenant!, and 3gTPt'MenVS Contained herein shall bind, and the rights inure to, the respective
<br />succ^ecors and aysigns of the Mortgagor and the Mortgagee.
<br />(dI All covenants and agreements of the Mortgagor are joint and several.
<br />lei The headings of the paragraphs of this mortgage arc• for convenience only and shall not be used to inter-
<br />pret or define the pro;•isions 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 sattsracto.y release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed ttus a9ortgage on eiitti z_ dayO f _ - -_ -- 19 _%�._.
<br />1 � r
<br />t! p
<br />nrly
<br />{� \ ao[rower
<br />State of Nebrasks, arty aa:
<br />On this <!eel.____.day of __ G? y.__._ .....,._..__,...... 1965 ._. , before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came
<br />_........... _. _.._.........._.....,... _.._ .._ to me known to he the
<br />identical rscmis) whose names) are suhscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be tai. *_. _ __. voluntary act and deed.
<br />Witnesa my hand and notarial !anal at _.,___ t rsrrd i Drell "1'_ _ _. __ _.. __. _ in said county, the
<br />date of 'd. (�- MMeAMMMr
<br />My C. cm expires: TMUI®11(tl,3UIatET
<br />'` �N�tary f'utatta
<br />_-.__......_...._ .. -._ . _. _.. ..__ .__...._,..__ (Spero lid—'rhs» Line nesreved Par r..ende° and neeanierr ... . - .... .- _____. ._._...._. _.. -.
<br />cry • � � .R e
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