|
11
<br />85-.00,3218
<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 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 />a' psefOreellaft by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mort
<br />has agreed but tails to do, and Mortgagee may Ww do any act it deems V#w
<br />necessary to protect the lion havea. mortgover
<br />89rt" to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sum soexpembd
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lion hM".,MQr4WVe
<br />"I 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 upon MortgaWs default in any covenant
<br />or alinement of this Mortgage, including covenants to pity when due the sums secured by this Mortgage the mortgave'shaft
<br />be entitled, at its sale option and without notice, to declare all sums secured by this Mor4pp to be imnsedlaWy_ due and
<br />payable and may commence foreclosure of this Mortgage by judicial Proceedings; and, provided further, 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 possession of the Property and collect the rents, issues and profits tbeveftm and apply tbm
<br />flat 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 d or transferred without the e written of the Mortgagee, Mortgagee may at its sole option, declare 0 sums secured by this Mortgage to be immediately due
<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 thts
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />12. Miscellaneous provisions.
<br />(al Ary 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 :!oneurrently, independently or successively.
<br />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 />{el The headings or the paragraphs of this Mortgage are for convenience only and shall not be used to inter-
<br />pre( or define the provisions hereof.
<br />13. Release. Upon Payment Of ail sums secured by this Mortgage, Mortga gee shall d isc h arge this M ortgage and shall execute and deliver a satisfacto.y release therefor,
<br />IN WITNF-iS WHEREOF. Mortgagor has executed this Mortgage on the day of __ t unE', ...... 19 tj5
<br />(Max -E. Barry) bo,owe.
<br />(Geraldine A. Barry) Borrower
<br />State of Nebraska.
<br />------..County ss;
<br />On this day of–, gune 19t!5—, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came
<br />grerson(s) whore to me known to be the
<br />name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be voluntary act and deed.
<br />Witness my hand and [. -SIand E' ., N
<br />dar oforeasid. ------7 ` in said county, the
<br />7-
<br />my Commission expires: /X,
<br />Al F. LIB Nor." Public
<br />to 4111111116 ft J* Or M
<br />(99*" 110-- 'Mi- 1A1W JAmder and R"Ordet)
<br />
|