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is empowered to T. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />r not taken and collect and receive all compensation which may be paid for any property taken or for damages to property
<br />I hereby en a M�peee shall apply such compensation, at its option, either to a reduction of the indebtedness secured or repair and restore the property so damaged.
<br />Wood falls o by Mortgpe. Mortgagee may, but shall have no obligation, to do any act which the Mortgago
<br />B. has r
<br />' �s rtgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />to repay, upon demand, any autos 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 />ahaN not incur any personal liability because of anything it may do oromit to do hereunder.
<br />S• DefaWt; Aasignmant of Rents, .Time fa of the essence hereof, and upon
<br />ort M
<br />o Nreement of this Mortgage, inNoding covenants to gagOr's default in any covenant
<br />be entitled, at Its sole option and without notice, to dec areeal sums secured by th Mort" his M
<br />ortgage, the Mortpgee shall
<br />PkYahie and may commence foreclosure o4 this Mortgage b judicial .to be immediately due and
<br />default the Mortgagee, or a receiver a Y J Proceedings; and, provided further, that upon such
<br />security , enter u ppointed by a court, may at its option and without regard to the adequacy, of the
<br />upon and take possession of the Property 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 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 />r� \
<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 .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 />(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 sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the_ th day of _Sentemb X
<br />(Donal d, R. /0,M er) / Borrower,
<br />f� -Shari Collmer)
<br />State OL Nebraalca, � Borrower
<br />t r= County ss:
<br />On this
<br />day of :Li.` G . 19 1
<br />-- before me, the undersigned, a Notary Public\
<br />duly con)missipned and qualified for said county, personally came
<br />identical petson(s) whose name oin s) are subscribed to the fore to me known to be the e'\
<br />foregoing instrument and acknowledged the execution thereof'iry
<br />to be t/ voluntary act and deed. A
<br />Witness my hand and notarial seal at
<br />date aforesaid. a i __in said county, them n
<br />MY Commission expires:
<br />�, �I /MIM1- MawslMww
<br />MARK RWERT
<br />VV fa.a ft OA. Ifl,1986
<br />�—`- -- (aPaee Mlow TMIs Line Reserved For Lender and Recorder)
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<br />NJ 4
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<br />`4 INa(' Indlt11r9303 'La9
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<br />Notary PuWlq i `_ttt���,,1, \ (l.
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