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<br />85-- 003008
<br />4. In the event the P'r'operty, or any part thcreof, shall be taken b eminent
<br />domain, the Mortgagee is empowered to collect and receive y t
<br />may be paid for any property taken or for damages to Property all compensation which
<br />shall apply such compensation, at its option, either tooae reduction aofn the niindebtedness
<br />secured hereby or to repair and restore the property so damaged.
<br />5. Mortgagee may, but shall have no obligation, to the
<br />has agreed but fails to do, and Mortgagee may also do it act
<br />protect the lien hereof. Mortgagor agrees to repay, upon demand, any sums so expended
<br />by the Mortgagee for the above purposes, and any sums so expended by the Mortgagee
<br />shall be added to the indebtedness secured hereby and become subject to the liie
<br />t- r.nf + +ny.t�NnQ4 Vhal? i2 incur any pc:i "jOrial iiau7iltj because Of aflytlli(iy It
<br />-aay do or omit to do hereunder.
<br />6. rime is 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
<br />by this Mortgage, the Mortgagee shall be entitled at its sole option and without
<br />a! 1 by phis Mortgage to be immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings;
<br />and, provided further, that upon such default the Mortgagee, or a receiver
<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,
<br />issues and profits therefrom and apply them first to the cost of collection and
<br />Operation of the Property and then upon the indebtedness secured by this Mortgage;
<br />said rents, issues and profits being assigned to the Mortgagee as further securit
<br />for the payment of the indebtedness secured hereby. J y
<br />7. If all or any part of the property is sold or transferred without the express
<br />written consent of the Mortgagee, "Mortgagor may at its sole option, declare all suds
<br />secured by this Mortgage to be innrediately due and payable.
<br />3• Any t=orebearance in exercising any ► ic;ht or remedy shall not be a waiver thereof.
<br />9. All remedies provided herein are distinct and cu►r►ulative to any other riatrt
<br />afforded by law or equity, and r;ay be exercised concurrently, independently or
<br />J 1 v` a y.
<br />10. The covenants and agreer;►ents contained herein sh
<br />l h 1 1 ri.l * n 1• I• n n r n r. f- i
<br />. cam:... al , bind, and all rights
<br />►
<br />,
<br />_ .{Il, JJ'JI 115 v1 - ;a ur '
<br />11.
<br />All 'mI a►r�, 'Lilt! Muri.yayt•' .
<br />covenants and agreements )f the iortgagor and the "1ort9agee are joint
<br />and several.
<br />12. Upon payment of all su►lIs se,curelj by this "Mortgage, Mortgagee shall discharge
<br />this Mortgage and shall execute and deliver a satisfactory release therefor.
<br />IN WIT,, ^MESS WHEREOF, "ior"N'90r has executed this Mlortgage on the 17th day of
<br />.�— June_ 19 35
<br />__ CAIRO LUMBER CONPArly, Inc.
<br />ra nc
<br />STATE OF NEBRASKA, Hall president
<br />:ir, this 17th tray rr t June 1 �,0. , be fore nip , the undersigned, a
<br />_ .,-
<br />Notary Public duly col;,mI 1.0ned ,Ind qu'llifia for �,, ►id ctrurtt'y ,car; nal 1 can ►�
<br />Francis L. Weber, President of Cairo Lumber Company, Inc., a' " ?ef�ras a Co���ora`tion
<br />on
<br />behalf of the corporation
<br />t;c' It'(, k001-11) to be the i de,n t i ca l
<br />persons whose names are subscrit.re�d to thE� fore?yt.rirlr� in5trtml(.'rrt and r)cknowlc�dread thy,
<br />> e
<br />execution thereof to ')(a thr� i r` vt,l,/nt..rry act: and deE�t1.
<br />ftm* OWN"
<br />NOMAS A, EM
<br />Grp,
<br />MY tamm .
<br />WI®
<br />�, ., ,1 ,,� , .. __.. • lo t (11,
<br />tom. e
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