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<br />85-- 00491.8
<br />T. Condensation. 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 />"t talon, and Modpgee shah apply such compensation. at its option, either to a reduction of the indebtedness secured
<br />hereby er to repay and restore the property so damaged.
<br />a pafarmance by Mme• Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but felt to do, sod Mortgagee may also do any act it deems necessary to protect the lien bereof. Mortgagor
<br />app 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 />AM not iM,yr any petsoual liability because of anything it may do or omit to do hereunder.
<br />g_ Default; Aaiptmeat of Rants Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shot
<br />be entitled, at its sale option and without notice. to declare all sums secured by this Mortgage.to be immediately due and
<br />payable and may commc, e foreclosure of this Mortgage by judicial proceedings; and. provided further, that upOR such
<br />detualt 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 therefrom and apply them
<br />first to the cat 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 Prapetty. 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 />sad payable.
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and futu advances to
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory
<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 />(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 he 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 />fe) 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 satisfacto.y release therefor.
<br />IN WITNESS WHEREOF. Mortgagor has executed this Mortgage on the me day of - Aught - -, 199' -
<br />/l 1.
<br />,'C arm e Padrros)
<br />tbrrowei
<br />state of Nebraska, ...... ..... ZCounty ss:
<br />W this __._. ?�tt, day of -- l�utsi -- 19_Sd5 . More me, the undersigned, a Notary Public
<br />Clarence Padrnos
<br />duly commissioned and qualified for said county, personally came
<br />�
<br />k to be the 'I
<br />7
<br />to me novin
<br />identical person(s) whose name(sl are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be voluntary act and deed.
<br />7 :,,,�? r N ,_ . - -- - -- -n said county, the v
<br />Witness my hand and notanal seal at ___.- -r r ;a.-Lt .� .�
<br />date aforesaid.
<br />T R
<br />My Couttrniasion expires: i:;r,,;2`----_-_-----
<br />"—� -'— Notarr Pohl
<br />"gotttt)aw- nwvrtruwan
<br />U0111 0*L EO t
<br />-. 04 I n,`aow Tans Linn ltesrn,ed F'or Lrndrt real Herurdtrl
<br />_ File No. 4195 State of Nebr. County of
<br />rt Cuming)Filed for record Sept. 9, 1965,
<br />-' at 2:35 P.M. in Book 109 of Mtgs.
<br />Page 579 f l
<br />�,f',d�L..__ 'p-..t._+ f� <_
<br />6 > CUJn3. ng LO. Clerk
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<br />to NC .•�:� f?e S, :uYI 7Bai :'dil � ... C)i. �.. I'.7 "r_ �.. i
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