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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 />1 hereby or to repair and restore the properly so damaged.
<br />1 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 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 />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 upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage, including covenant.% to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declarrr 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 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 Prnperty 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 Prgperty. 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 sot, option, declare all sums securrd 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 tllterest thcrrntt, shalt be secured by this Mortgage when evidenced by promissory notes
<br />stating that said note-; are secured herehy. .Nt no tune .:hall thr principal amount of the indebtedness secured by this
<br />Mortgage, not including sums advanced to protect the security of this Mor! ,gage,,xceed the original Note.
<br />12. Miscellaneous Provisions.
<br />la) Any forebuaranrc in exerrlsing any right or n Illt'dy shall Tint hr a waivor thereof.
<br />(bi Ali remedie, provided hi,miu art• distinct and rumulaltce to any other right afforded by law or equity,
<br />and mac be ex+•reised •onvurr+•ntly, ndrp+•nda• nth or surrc•ssi:r!e.
<br />Ici the rOvonanl.s and agrrernrnl, rnntanwo err+ -In ,hall hind. arld the right.< inure• to- the rvspective
<br />,uca•ssoc+ and aslgns of the Slortgagnr and ih+ \lortgugrr.
<br />(d) Ali revenant, and rtgrrrtrenG ,I thr ylnrlga Ror ar,• Into! and <.e ;.•raV.
<br />let The headieps of the- paragraph, of thl, Morlgag+ are for ronv+•nu•nec :rely an+i shalt not he used to inter-
<br />pret or di+n, Ih.• pv, o,,rxr. !u,r.of
<br />13_ Release. Vpon paynl,nt 0 al! .unW hall discharge this 1fort.gagc and
<br />shall execute and &Icti r a ,ali,facto: s n•L•a,c Ilcm kr
<br />IN WITNFSS 1'+•HI -MI(01; M,,rtkagor has vrr 1114 It this, Mor!iniv, wi +h, 2.1t-da� Tit Aug. __ _19 _85
<br />State of Nebraska, t'ounty s;
<br />()n tbis __ __2?,rd -- +ley of _Aug. g5- • h +•fur.• nit•, the undersigned, a Notary Public
<br />.,u --
<br />•pt• 3ary .rata- st- umpff -. I- /-______1__
<br />duly comma: stoned and qualified for snit .•aunty, r,onally came
<br />to mr known to he the
<br />identical pers (tit (s1 wtiost• nanw(it i r+ •,ubrittcd to tho f,.wi;mttl! in,trument and acknowledged the execution thereof
<br />to be ... 1)4X I votunatary act and deed.
<br />Witne"s my hand and nwarsai a! Pit'ukctt litlw m said county. the
<br />date aforesaid
<br />�it1MM1- M4Mg11wAr / '� " � vr,l +rs Pubnc
<br />1' • JAM It C1100111111
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