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<br />7: CGodmusabon. In the event the Property, ormry part thereof, shall be taken by eminent domain, the Mortgagee
<br />itompoweved to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />not taiM and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />bereby or to repair and restore the property so damaged.
<br />ftformince by Maetlegm Mortgagee my, but shall hire no obligation, to do any ad which the hlottpgor
<br />has apeed bas fAs to do, and Mortgagee may oho do any ad It deems necessary to protect the lien hereof. Mortgagor
<br />Namrei.ft valow, apes demand; any sums so expanded by the Mortgagee for the above purposes, and any saws so expended
<br />by the Maetoger shag be added 3o the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />*0 not i ieae nay personal liability became of anything it may do or omit to do hereunder.
<br />1. Deftell; Aatigma t of Rmtc Time is of the essence hereof. and upon Mortgagor's defatdtin my covenant
<br />maw" of tags iliottg age, inciudleg tenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be a atilied, at is sale option and without notice, to declare all suers secured by this Mortgage to be immediately due and
<br />popubb and way commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />de0Ya1t the lRatgope, or a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />mstity. aader upon and take possession of the Property and collect the rents, issues and profits tberefS+om and apply these
<br />Sri to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said rents, owes and pra tss being assigned to the Mortgagee as further security for the payment of the indebtednes
<br />secured hereby.
<br />110. Tmalm of holierty. If all or any part of the Property is sold or transferred without the express written con -
<br />out 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. Fatu a 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 nows 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 />IL 3610e110e0016 Pravisioris.
<br />(a) Any forebearance in exercising any riglit or remedy shall not be a waiver thereof.
<br />(bi AN remedies provided herein are distinct and cumulative to any other right afforded by lava or equity,
<br />and may he extreised »ncurren'ay, 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 Mongagor and the Mortgagee.
<br />(d) Ali covenants and agreements of the Mortgagor are Joint and several.
<br />ter 'I to headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter -
<br />pert or define the provisions hereof.
<br />13. Refuse. Upon payment of all sums secured by this Mortgage, .fortgager shall discharge this Mortgage and
<br />AM execute and dehver a satisfacto,-y release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has rxetvted this Mortgage on the lit .._ day of Seprf --mber
<br />-4-Larry r(,iSger3irty)
<br />{Daisy J. Speiling) Bowe."
<br />State of Ndeaaku.
<br />On this _.._— .16th_.__.. day of _.__..�.____._, 19.g �__, before rnr, the undersigned, a Notary Public
<br />duty commimoue4 and qualified for seed county, pe vmWly canre �_ Larr�� 4d. Slier 1 i ng and u,v: sy J,
<br />____a_ Sper11ng to me known to be the
<br />identical pat ris) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be _>wbtaa_ �..,.__ _a_. voluntary ant, and decd.
<br />said county, the
<br />WitnvAS my hand and notarial seal at ....... - _ Grand Island .___,__ ' NE
<br />dada nfo•watd .
<br />itbComa+iaaiorteatptiptew. } ;`
<br />WAKgpllNO Mora, Pubiw
<br />......e.,..........�_.� :._.,.,._.>...._... ___....._. /Wr� Rd— 1Lr Law R�ed rear Ln.1 r sad 14 owdrr3 .. ... ... .. ...... _. _.
<br />Im
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