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<br />7. Condemnation. In the event the Property, or any part thereof, shad be taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive all compensation which may be paid for an property taken or for dam
<br />not taken* and Mort shall apply such compensation, at its option, either o 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, upon demand, any sums so expended by the Mortgagee for the above u rposes and an sums so expended
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to , the 1 en 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 u
<br />or agreement of this Mortgage, including covenants to pay when due the sums secure by this Mortgagor default in any covenant gage, the be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage.to be immediately du andl
<br />payable and may commence. foreclosure of this Mortgage by judicial proceedings; and, provided further, that u pon such
<br />default the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy
<br />security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and ap yt hem
<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 the Mortgagee, Mortgagee may at its sole
<br />and payable. option, declare all sums secured by this Mortgage to be immediately due
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and fuiure advances to
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Riortgage when evidenced by promissory notes
<br />stating that said notes are secured hereby. At no time shat! the
<br />Mortgage, not including sums advanced to protect the security of this Mortgage,
<br />Axe ed the original Not cured by this
<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 anv 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 />fe) 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 satisfacto, °y release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 29th day of _._�� , 19 _.
<br />SCHUPPAN'S SALE
<br />A -Nebr .. SERVICE, INC. ,
<br />- - --- Borrower-
<br />-1,3y_
<br />e
<br />(Nebraska.
<br />_ _.- ____._.__.._.... county ss: exit Borrower
<br />r
<br />On this _._... .day of _ ._.
<br />._.... .4._.._._._...,_, 19_........ before me the un
<br />-.. ed, a Notary Public
<br />duty commissioned and qualifie id county,
<br />persorta114 rame....__....._._ __.__._._....
<br />identical ° '- , to me known to be the
<br />l�rson(s) whose nattle(a) are subscribed t.fa ._ �'._.._..__ °�..--• -._._
<br />regoing instrument and acknowledged the execution the
<br />to be �_._ .�.. _ ............... volunta nd deed.
<br />date Wib"w rnv t i notarial seal at
<br />afo
<br />in said county. the
<br />expires:
<br />
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