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7. Candemantion. In the event the Property, orany 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 />trot taken, and Mortrgee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />bemby or to repair and restore the property so damaged.
<br />B. Pseformana by Idertpess. Mortgagee may, bat shall have no obligation, to do any act which the Mortoellor
<br />has speed but falls, to do, and Mortpgse may also do any act it deems necessary to protect the lien hereof. Mortgapor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by Use Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shad not kseur any personal Il"ty because of anything It may do or omit to do hereunder.
<br />8. Defeek; Assyrtsaet of Roftts. 71me Is of the essence hereof, and upon Mortgagees default to any eoveneat
<br />or agreement of this Mortgage, Including covenants to pay when due the sutras secured by this Mor*p, the Mortppe dull
<br />be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage to be immediately due mad
<br />pay" and nay enmm*" foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />d*Wt the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of Use
<br />security, eater upon and take posseaskm of Use Property and collect the rents, issues and profits therefrom aced apply theta
<br />flat to the cat of collection and operation of the Property and then upon the indebtedness secured by this Moetfae;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />armed hereby.
<br />10. Trander 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 We option, declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />I1. 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 promisors note:
<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 Proviwoaa.
<br />(a) Any forbearance 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 ^oncurrently, 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) 7be 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 WITNFSS WHEREOF, Mortgagor has executed this Mortgage on the _!9... day of
<br />Jerry P. Jettsen
<br />Mary IV.
<br />State of Nebraska, -----.____.__..__ lit _?..__._.__.- _.__- County ss:
<br />out this ___ :19t:h day of ...... 19-8.5-- tr• = '_. 19.8;5, _, before me, the undersigned, a Notary Public
<br />duty commissioned and qualified for sad county. personally came t^n1Kan and lvlam M_ .fF_ ,l�.r, ti
<br />Hu-s bt W and Wife,
<br />to me known to
<br />Identical peaon(s) whose names) are subscribed to the foregoing instrument and acknowledged the execution thereo(�
<br />his taxi her v
<br />to be M_ voluntary act end lewd.
<br />Grand Isl.tinti
<br />1Wttras my hand �d notarial ae; at _._._. ____, _ _ ._,_
<br />__in said county, the
<br />date afoeeasid . _ _
<br />� F �
<br />My C,ommiaw
<br />-_ -Nosy eubW
<br />�.....'
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