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<br />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 not taken, and Mortgagee shall apply such compensation, at its option, either property
<br />o a reduction of the inddeebttednesspseecured
<br />hereby or to repair and restore the property so damaged.
<br />ti. 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
<br />agrees to repay, upon demand, any sums so expended by the Mort to protect the lien sums s ex a expended
<br />by the Mortgagee ages for the above Purposes, and say sums so expe>ded
<br />rtgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortpgee-
<br />shall not incur any personal liability because of anything it may do or omit to do h ,&..„nder.
<br />9. Default; Assignment of Rents. Time is of the essence hereof, and upon Mort
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortga��theilort covenant
<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
<br />default the Mortgagee, or a receiver a p �� ,Provided further, that upon such
<br />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
<br />first to the cost of collection and operation of the Property and then upon the indebtedness secured by this Morgaagee
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the '
<br />secured hereby. Y pay 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 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 forebearance 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 7oncurrently, 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 />(e) 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 surds secured by this 19ortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory r0eas#, therefor.
<br />IN WITNESS WHEREOF. ;Mortgagor has executed this Mortgage on the .5111 day of ._..j1UU_ _ 19
<br />J
<br />y r
<br />w t rd's d*A' f
<br />Y t Petersen) � Bouowor
<br />_
<br />State of Nebraska, _. _ H -
<br />_. County ss:
<br />Borrower
<br />On this .. -t�h__ __. ____day of _.- j.u11Q. before me, the undersigned, a Notary Public \
<br />duly commissioned and qualified for said county, personally came __. 'N r ( lr. t "t iF.aLc�r;en J
<br />__ __._.___, to me known to be th
<br />identical Person(s) whc�+e namets) are tiubscrihc d Jr() the foregoing instrument and acknowledged the execution thereof `J
<br />to be _.._-- _Plaet>a t 11e it voluntary act and deed. l `�
<br />Witness my hand and notarial seal at Grand .t °Bind, E7F'
<br />date aforesaid, - _ _ ._ __.._..... in said county, thr `\
<br />My Commiiota xptres:
<br />gMIIEiL AAiiJi>l�'1r "'._,a,. �
<br />Notary Public
<br />"Space M" 7'1�iz l.irer itewrr ed For t.enclrr anti
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